With proportion of more than 103 % in 2018,  number of foreign-own companies in Turkey witnessed a significant increase during the first half of 2018, compared to the same period in 2017.According to the data of the Turkish Federation of Chambers and Exchanges, the number of companies set up in the country with foreign capital during the first half of 2018  increased by 103.7 %, compared to the same period last year, to reach 5,782 companies during the mentioned period.The data also demonstrated that, 580 of those companies are in "joint stock companies" list, and the rest are...
The proportion of tourists who visited Turkey in the first half of 2019 increased by 13.2 % compared to the same period of 2018, as it received 18 million and 76,506 tourists.According to a statement issued by The Turkish Statistics Authority and the Turkish Ministry of Culture and Tourism, on Wednesday, Russian and German tourists were at top of  the foreigners arriving in Turkey during the mentioned period.The report added that the total revenues of inbound tourists to Turkey during the first half of this year amounted to 12 billion, 603 million and 642 thousand USD.The report...
As residential compounds in Turkey offers residents and apartments' owners basic services as well as entertainment services such as: heating, cleaning, maintenance, security, gyms and other facilities and services  that entail a monthly fee paid to the administration of the compound called returns.The compound administration disburse these monthly dues for developing, improving and modifying the building, in addition to adding social facilities that did not exist, which requires new expenses such as smart solutions systems that will facilitate the lives of residents.The Turkish real estate ownership law provides four general rules that fall into this context:How to...
Recently, Turkish newspapers announced that the real estate sales in Turkey  increased 82% over the last month.As Antalya and Istanbul registered the highest sales and Iraqis are at the top of the list of foreigners who bought properties from Turkey last April. Turkey also provided a package of incentives to foreign investors in Turkey, especially real estate owners, and offered them Turkish citizenship in exchange of buying a property in the country. 
As Turkey has become the investment hub in the Middle East, it has been so important to open some Islamic banks that serve Islam investors who keen to work in accordance with the principles of true Islam. It is not only about investors and merchants but there are also many students trying to deal with Islamic Banks. Kuwait Turk Bank:The Kuwaiti Turkish Bank was established in Turkey in 1989 and is the third old Islamic bank Turkey.The bank focuses its services mainly on financing and serving the retail institutions sector and small and medium enterprises through its 341...
Ziraat Bank is a state bank in Turkey, which has several branches in many Arab countries such as Iraq, Saudi Arabia, Kuwait and others. Ziraat Bank was usurious bank, but when the Turkish government noticed the increasing demand in Arab investment investors for a strong account supported by Turkey , In accordance with the principles of Islamic legislation, the Turkish government, on May 14, 2015, opened a branch of Ziraat Bank, called the "Ziraat Participatory Bank".Ziraat Partnership Bank provide the same services of Kuwait Turk Bank and Al Baraka Bank services. As for opening an individual or commercial...
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What are the reasons that push Arabs to invest in Turkey?  Turkey is an ideal investment environment for Arabs, as it is a safe and stable environment close to Arab countries and global markets, so that these companies link Arab investors with international trade.Why Arabs are the most buying Turkish properties?According to The Turkish Statistical Institute, as Iraq ranked first nationality among Arabs nationalities.As Iraqis bought about 18% of the 143,000 properties sold to foreigners in 2015-2019.After Iraqis came Iranians and Saudis with 9% each, the Russians at 5%, and Kuwaitis, Qataris and Emiratis with...
Antalya is the fifth-most populous city in Turkey and the capital of Antalya Province. Located on Anatolia's southwest coast bordered by the Taurus Mountains, Antalya is the largest Turkish city on the Mediterranean coast outside the Aegean region with over one million people in its metropolitan area.Antalya is Turkey's biggest international sea resort, located on the Turkish Riviera. Large-scale development and governmental funding have promoted tourism. A record 13.6 million tourists passed through the city in 2019.Having entered the scene in 150 BC as Attalia, named after its founder, Attalos II, king of Pergamon, Antalya has always attracted...
The volume of trade between Turkey and Russia will continue to grow steadily in the coming years in return for a decline in trade with the European Union, Turkish economist Shahin Yaman said, noting that the Russian Federation is an important market for Turkish goods, services and investments. In an interview with Sputnik, Yaman said Turkish-European goods, services and investment markets are still important for Turkey in the near future, but Europe's relative share of the Turkish market would be significantly reduced before reaching its fixed status. On the other hand, trade between Turkey and Russia is expected to grow....
Alibaba Cloud, the cloud computing division of Chinese e-commerce giant Alibaba, has agreed with E-Glober, Turkey's sole authorized agent and business partner, to move cloud services to the Turkish market. As part of the collaboration agreement, the cloud computing and global infrastructure of Alibaba Cloud will be combined with E-Glober's expertise in Turkish market to try to provide comprehensive products and services to local businesses. Companies of all sizes in Turkey will be able to access Alibaba Cloud products and services in a number of industries such as online retail, multimedia and gaming. "We aim to be a preferred cloud...
Turkey has attracted foreign direct investment of $ 7 billion and 437 million dollars, according to the official data of the year 207. According to the data of the Central Bank of Turkey, the European countries were the largest direct investment in Turkey last year, $ 4 billion and 964 million dollars. Direct European investment in Turkey last year was 2.4 percent higher than the 2016 figure, with an increase of $ 114 million. During the same period, the direct investment of Asian countries in Turkey, which is second only to Europe, recorded $ 734 million. The investments of the...
Antalya possesses a unique economic system where tourism, commerce and agriculture are the dominant sectors, whereas industry has also shown progress recently Agriculture: Antalya’s agriculture is a very vast & developed one, mainly where many agricultural products grown in its fertile soil such as: Wheat, oats, cotton, sesame, onion, peanuts, tomatoes, peppers, beans, eggplants, cucumbers, melons, watermelons, bananas, lemon, grapefruit, olive, apple, peaches, grapes and orange are grown extensively is Antalya. Those goods grown over an area of 35 thousand hectares. Tourism: Antalya has one of the densest transportation networks to be able to handle increasing tourists every year. Antalya...