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)

ECONOMY - 2010 DS100 Summary: Companies Absorb Financial Crisis Shock

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Full list of the TOP 100 - Infographic

The 7th Annual DS100 continues to benchmark the corporate environment of the 57 OIC (Organization of Islamic Conference) member countries.

The 2010 DS100 ranking, which is based on end-of-year (EOY) 2009 revenue data of the top 100 Companies of the OIC member countries, fully shows the impact of the 2008/09 financial crisis.  As expected, EOY 2009 revenues were down for all sectors represented on the DS100 compared to EOY 2008. The silver lining has been that sectors such as finance, consumer goods, and utilities absorbed the shocks, still showing single digit growth, although down from double digits growth experienced in the previous year. (source)

ECONOMY - Turkey dominates Muslim world’s top 100 companies list

With 20 companies, Turkey has the highest number of companies listed in the Top 100 Companies of the Muslim World: 2010 DS100 Ranking.

DinarStandard, a research and advisory company that specializes in emerging Muslim markets, has issued the seventh annual 2010 DS100 ranking, the result of research conducted on companies in the 57 member countries of the Organization of the Islamic Conference (OIC). (source)

ECONOMY - Increasing trade with Muslim countries becomes Turkey’s economic ‘oxygen’

Turkish leadership has amassed enough credibility to be able to make Turkey the largest economy in the Muslim world, and now most Muslims nations are lauding and welcoming the country’s economic rebound and upsurge.

Turkey deserves credit for its virtuoso-like economic and political maneuvering among Muslim nations in a politically unstable and fragile region over the past few years, heralding a new era of Turkey’s prominence in the Muslim world. (source)