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THE 4th TURKISH-ARAB ECONOMIC FORUM GLOBALIZATION TO REGIONAL COOPERATION

THE 4th TURKISH-ARAB ECONOMIC FORUM GLOBALIZATION TO REGIONAL COOPERATION. WALID R. ALAMEDDINE CHAIRMAN Lebanon’s Banking Control Commission June 11-12, 2009 - Istanbul. TURKISH-ARAB ECONOMIC RELATIONSHIPS Overall Relationships Trade Capital Markets Banks. OVERALL RELATIONSHIPS

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THE 4th TURKISH-ARAB ECONOMIC FORUM GLOBALIZATION TO REGIONAL COOPERATION

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  1. THE 4th TURKISH-ARAB ECONOMIC FORUMGLOBALIZATION TO REGIONAL COOPERATION WALID R. ALAMEDDINE CHAIRMAN Lebanon’s Banking Control Commission June 11-12, 2009 - Istanbul

  2. TURKISH-ARAB ECONOMIC RELATIONSHIPS • Overall Relationships • Trade • Capital Markets • Banks

  3. OVERALL RELATIONSHIPS (Excluding Trade & Finance) • Real Estate Investments • Turkish Contractors • Tourism • Media – “Turkish Series” • Central Asian Republics, Turkey as Gateway: Azerbaijan, Uzbekistan, Turkmenistan, Kazakhstan, Kyrgyzstan, Tajikistan ($ 1Trillion combined economy by 2015)

  4. G20 GDP2007 $ Trillion 85% of World GDP 48.7/57.3 IMF/PPP

  5. TURKEY’S CAPITAL MARKETS: (a) Stock Market, & (b) Bonds & Bills Market More than 60% of “free float market capitalization” on Istanbul Stock exchange (ISE) is foreign. Foreign Investor’s capital gains are tax-exempt Free Repatriation of capital and proceeds Size is still smaller than banks, as banks have relatively significant interest rates

  6. a) STOCK MARKET 317 companies listed Market Capitalization: 120 BN Trading Value: 260 BN Daily trading value: above $ 1BN 22 companies more than $ 1BN (Market Capital) Financials: 51% of total 1/3 of net FDI’s (Foreign Direct Investments) came through the ISE (2006-2008) FDI’s around $ 15 BN annually (2006 -2008)

  7. (b) BONDS & BILLS MARKET Active & much larger in traded value than stock exchange Trading value: $ 3,019 BN (2008)

  8. TURKEY’S TRADE 2008 Exports: $ 140.8 Billion Imports: $ 193.9 Billion Trade Balance: (-) 53.1 Billion

  9. TURKISH-ARAB TRADE 2008 witnessed the fastest Growth of Turkish exports to the Middle East The largest increase was with the UAE (also Qatar & Kuwait) Europe still accounts for more than 50% of Turkish Exports

  10. Turkey’s Trade: Partners Share of Total * Exports to UAE show readjustment in 2009 from the very high rate of 2008

  11. Turkey’s Trade: Partners Share of Total Saudi Arabia took over from Iraq as the main Oil supplier to Turkey following the closure of the pipeline in August 1990

  12. TURKISH – ARAB TRADE SELECTED FINANCIAL VALUES $ Millions * Annualized - as of 03-2009 ** Turkey ranks as the 7th exporter to Lebanon

  13. TURKEY’S BANKING SYSTEM • Independent Regulator: Banking Regulation & Supervision Agency (BRSA) BDDK - Total Banks’ Assets $ 481 Bn - Banks Assets / GDP: 77% • Number of Banks: 50 • Representative Offices of Foreign Banks: 50

  14. TURKISH BANKS: LARGE “REGIONAL” SIZE Asset Size

  15. Majority-Owned Arab Banks in Turkey: 5/50 Banks * Participation (Islamic) Banks

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