FINANCE - ECONOMY - OIC - Shift in Trade Axis Starts Bearing Fruits

turkishweekly.net - Turkish government’s economic and political approach to the Muslim world in recent years, once triggered heated arguments discussing the axis of the country’s trade and politics shifting from West to East, today leads to become “one of the most promising new economic axes in the world,” according to a recent report by National Commercial Bank (NCB).

Overall Turkish-Gulf Cooperation Council (GCC) trade rose more than tenfold from $1.5 billion in 1999 to $16.1 billion in 2008, according to the report by Saudi Arabia’s largest lender which also owns controlling shares in Türkiye Finans in Turkey. (source)