2014

Jordan: Big Changes Afoot In Aqaba

MILESTONES By Justin Keay First Jordan was hit by the global economic crisis, which slowed annual growth rates from around 8% to 3% and reduced foreign direct investment to a trickle. Now Syria’s bloody civil war is threatening to ...

Poland: Longtime Finance Minister Axed

NEWSMAKERS By Justin Keay There were few raised eyebrows when Poland’s premier Donald Tusk replaced his longtime Finance minister Jacek Rostowski with 38-year-old Mateusz Szczurek in a major cabinet reshuffle on November 20. Disagreements between Tusk and Rostowski had ...

Bring On The New Russia

COUNTRY REPORT By Justin Keay As investors query what will happen in Russia’s economy over the near term, the long-term outlook is improving as the business environment is liberalized. Russia will be at the center of world attention in ...

2013

Regional Focus: The Levant

WHEN WILL A NEW SUN RISE?   By Justin Keay   The Levant region is plagued with political instability and unrest. But there are pockets of economic strength and inklings of long-term development.   According to the Collins English Dictionary, the word Levant ...

Country Report: Turkey

THE COST OF INSTABILITY By Justin Keay The full effects of recent upheavals and unrest in Turkey have not yet been felt, and policymakers have some serious work ahead to bring markets back in order and reassure investors of the ...

Sector Report: Agribusiness

NURTURING GLOBAL BREADBASKETS

By Justin Keay

It is time to address developmental roadblocks globally if the world’s food supplies are to meet demand over the next 40 years.

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There is probably no industry where the basic laws of economics ...

Country Report: Turkey

ENGINEERING THE NEW TURKEY


By Justin Keay

Major infrastructure investments and improved economic strength are just two of a number of positive developments to come out of Turkey in the past year.

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Ankara stunned investors in February by scrapping its ...

Country Report: Lebanon

DRAGGING A GEOPOLITICAL ANCHOR

By Justin Keay

There were few bright spots for Lebanon over the past year. However, the banking and real estate sectors showed encouraging signs, and a recovery has begun.

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Despite their traditional stoicism, for most Lebanese ...

Newsmaker: Belka Navigates Choppy Economic Waters in Poland

NEWSMAKERS: POLAND


By Justin Keay


Poland’s central bank governor, Marek Belka, marked the start of the New Year with an interview to a leading business newspaper in which he claimed Poland had experienced “the perfect slowdown” rather than the ...

Regional Focus Caucasus

BEYOND OLD BOUNDARIES


By Justin Keay


Oil wealth, a favorable location and buoyant economic growth have thrust Azerbaijan, Armenia and Georgia onto the international stage. However, regional conflicts, political tensions and corruption are never far away.

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“The Azeris are coming ...

Country Report: Kuwait

SURMOUNTING THE STATUS QUO


By Justin Keay

Despite its wealth and strong banking sector, Kuwait is being held back by its failure to invest internally and diversify away from oil.

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The demonstrations that preceded—and followed—Kuwait’s parliamentary elections ...

Fico Allays Critics’ Concerns As Economy Outperforms

NEWSMAKERS: SLOVAKIA


By Justin Keay


Emerging Europe doesn’t generate much in the way of good news these days, owing to the region’s proximity to and dependence on the eurozone.

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Fico has learned from past mistakes

Photo Credits: FICO ...

Europe And UK Relations Hit Low Tide

MILESTONES: UK/EU

By Justin Keay

UK and EU relations have always been tense, but their relationship has deteriorated dramatically in recent months.


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While headlines have focused on noisy arguments over support for struggling eurozone members or London’s opposition ...

2012

Country Report: Lebanon

AGAINST ALL ODDS

By Justin Keay


Mid-20th-century tourists flocked to Lebanon, the Switzerland of the East. War and instability long ago changed that. Now, with the Syrian conflict spilling over its borders, the country faces yet another round of political ...

Sector Report: Agribusiness Take Off

A BUMPER YIELD

By Justin Keay

Agribusiness is increasingly being viewed as a dynamic area to invest in. But as global demand for food supplies and land increases, can banks, often criticized for their short-term outlook, meet the industry’s ...

Top 25 Lists: 25 Companies to Watch In The Next 25 Years

SUCCESSORS

By Justin Keay

Who would have predicted back in 1987 that Apple would today be one of the world's most dynamic and innovative companies? And Google, which emerged from nowhere back in 1998 but now dominates much more ...

GCC Regional Report: New Shopping List

NEW SHOPPING LIST

By Justin Keay

GCC sovereign wealth funds and banks are still selectively buying low-value assets in Europe, but higher-growth markets are increasingly on their radar.

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When the global financial crisis first hit back in 2008, Gulf sovereign ...

Country Report: Russia

BATTLING THE STATUS QUO


By Justin Keay

Although the government has pledged to improve the business clime, foreign investors remain skeptical that much-needed reform will happen—at least in the short term.

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Russia is in a state of flux unseen ...

Country Report: Kuwait

LONG-TERM VISION

By Justin Keay

Kuwait’s development in recent years has been driven by the state, with little FDI. However, upcoming elections promise a new government that could improve the business climate for foreign investors.

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When protesters stormed Kuwait ...

2011

EM Regional Review: CEE

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WINTER OF DISCONTENT

By Justin Keay

Although there are some bright spots, many CEE countries face the prospect of another economic downturn thanks to tight European ties.

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For most countries in the postcommunist world, 2011 has proved to be a ...

Country Report: Lebanon

WAIT AND SEE

By Justin Keay

Lebanon has tumbled from its economic boom in 2010. Investors are holding back to see how the new government fares. So far, its reform progress is less than impressive. But with the central bank ...

Country Report: Turkey

RIDING THE WAVE

By Justin Keay

Turkey’s economy has performed quite well, but reform is needed at home to build sustainable growth.

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Early August saw unprecedented turbulence on global financial markets, and Turkey’s was no exception. On one ...

Early Days

COUNTRY REPORT: EGYPT

By Justin Keay

Egypt is still in the very early stages of transition, but if it can establish political stability, its economy should grow strongly over the coming years.

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If confidence really is the key to growth ...

Country Report: Turkey

Enjoying The Good Times

By Justin Keay

Turkey is enjoying unprecedented economic stability and growth. Its biggest challenge is to maintain its balance.


300_Country_Report_Turkey_May-11_1 These days in most developed economies, the release of GDP figures is typically greeted with soul-searching as ...