On the other side of the coin, UAE investments in Turkey have been negligible and on the decline until recently.
As a result, government bodies like the Dubai Chamber of Commerce & Industry went on a mission of promoting UAE business opportunities in Turkey, and private businesses shifted their focus towards exploring this vibrant market. Orion Holding Overseas seized the niche and acquired “Iktisat Yatirim”; an ex-Turkish brokerage powerhouse that was once ranked fifth overall in trading volume.
Orion Holding complimented this five million dollar acquisition with an aggressive restructuring plan that included a new management and a support network of multi-specialty subsidiaries located across the Middle East and North Africa. This network acts as a backbone to Iktisat Yatirim, and a gateway to a myriad of services for Iktisat Yatirim’s customers who are looking for more investment options, other than brokerage services.
Iktisat Yatirim is set to be an executive brokerage house that has a clear objective: Every Client is a VIP Client. This statement is backed by a well-equipped and elegant office, and an award-winning reliable and consumer friendly platform ready to serve every investor. “We did not re-invent the wheel; we are just acting upon the needs of Turkish investors,” said Mr. Abu Alhaj, Orion Holding’s Chairman, “our aim is to provide all the financial services our investors demand under one roof” added Mr. Abu Alhaj.
Iktisat Yatirim is one of many recent ventures in Turkey, and with such vision and aspiration, UAE-based businesses like Orion Holding are paving the way to a better connected and open Middle East and North Africa market.
Tuesday, September 12- 2006 @ 9:30 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.