Reported 3 days ago
The United Arab Emirates' commitment to invest $51 billion in Turkey is facing significant challenges due to failed deals and valuation disagreements between local firms and Gulf investors. Initially aimed at stabilizing Turkey's economy post-earthquake, the investment has become less critical as Turkey's economic situation improves, allowing its banks to borrow easily and build reserves. While only one minor transaction has been completed, officials remain optimistic about future bilateral investment growth, citing ongoing negotiations and a potential Comprehensive Economic Partnership Agreement.
Source: YAHOO