Business briefing: 18 Oct 2013

Turkish property ‘unattractive’, plus other news

Economics and Policy

The boss of a Turkish real estate company working on projects such as Trump Towers Istanbul has warned Gulf investors about impulse buying in his country amid growing investor interest in Istanbul.

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Iraq plans to raise production and increase oil exports to China and India next year after receiving requests for more, the country’s deputy prime minister said.


The creation of a new Cabinet in Lebanon would encourage the donor states to speed up their financial assistance to the country to help it cope with the influx of Syrian refugees, caretaker Economy and Trade Minister Nicolas Nahas has said.

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Companies and Business

Around 65 per cent of private equity professionals investing within the MENA region expect an increase in investment activity over the next year, according to a Deloitte private equity confidence survey.

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At least four executives from Etihad Airways are likely to assume key positions in Jet Airways by the end of year.

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