Marketing in Middle East market
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- Middle East Chemicals Market
- Middle East Construction Materials Market
- Middle East Gemstones Market
- Middle East Metals Market
- Middle East Minerals Market
- Middle East Natural Stones Market
- Middle East Petrochemicals Market
- Middle East Petroleum Market
Why is importance of Middle East?
The Middle East is the connecting link between the three continents: Africa, Asia and Europe. In addition to the important geographical location of the Middle East, the widespread existence of international highways in the region has led to the increasing greed of international powers to dominance it.
The Bosphorus and Dardanelles in Turkey, the Suez Canal in Egypt, the Strait of Hormuz in Iran, Bab al-Mandeb in Yemen, the Persian Gulf, the Gulf of Aden, etc. are considered as part of the strategic importance of this region. A look at historical developments in the past century shows that the world powers have repeatedly tried tomaster it in order to expand their influence in this region.
The Russians' quest for seas and control of Turkey's vital straits, long British colonization of the Middle East, French influence in the Shamat region, and US presence throughout the Middle East after World War II have always led to regional instability. The Middle East, as the heart of Eurasia, is geo strategically the crossing point of land, rail and air over a large part of the international community.
This region is considered as the transit point of air and land transit between Europe and Africa with India and East Asia, which adds to its strategic dimensions.
Economic importance of the West Asian countries
The location of the Middle East countries in the oil and gas-rich regions of the world, their importance in terms of energy supply is very important. This Asian region, as the center of the world's energy, has been doubly popular throughout the twentieth century.
Especially since the end of World War II, because of its importance in the world economy, it has become increasingly important to the great powers and forced them to use various ways to participate and influence the developments in the region.
But the main question of our article is: where is the Middle East?! This vast region includes the countries of South Asia and North Africa, which in the past also included Afghanistan, Pakistan, India and Burma. Of course, this is derived from Webster's new geographical culture.
It is interesting to note that in the New Encyclopedia Britannica, he said the following about the Middle East:
The Middle East is a land that stretches around the southern and eastern shores of the Mediterranean Sea and stretches from Morocco to the Arabian Peninsula and Iran, and sometimes beyond.
The central part of this general area was formerly called the Near East. The name given to the region by some modern Western geographers and historians who were more inclined to divide the East into three regions, the "Near East", the region closest to Europe, from the Mediterranean to the Persian Gulf, and the Middle East, from the Persian Gulf to the southeast. Asia stretched and divided the "Far East", which referred to the coastal areas of the Pacific.
Middle East industry
Industrial production in European countries decreased by 3.6% in 2019. Meanwhile, Turkey grew by 8.6 percent in the same period. Industrial production is one of the most important indicators of economic growth.
In late 2019, in addition to the problems of sanctions imposed by the United States, another phenomenon was targeted by the manufacturing, businesses and weak and suffering industries of Iran.
During the two months of Iran's quarantine, according to official reports, a corona pandemic caused a large percentage of factories in the country to close down and many others to close down.
The unexpected growth of construction activities in recent years in the Middle East has made this region very attractive to investors. Meanwhile, steel consumption in the whole region of the Persian Gulf countries, and especially in the United Arab Emirates, has increased sharply in recent years, with the construction sector underpinning this growth.
Meanwhile, steel consumption in the whole region of the Persian Gulf countries, and especially in the United Arab Emirates, has increased sharply in recent years, with the construction sector underpinning this growth.
Middle East and oil dependent economy
It is expected that in 2021, following the resumption of economic activities and the resumption of demand, the non-oil sector in these countries will be revived, but the growth of oil production and demand in the world will be very poor.
Of course, given that most Middle Eastern economies are oil-based economies and use current revenues to cover current costs, not raising oil prices will prevent a full recovery of the economy.
According to a new World Bank outlook, the region's oil-exporting countries will see 1.8 percent economic growth in 2021. The normalization of oil demand, the end of the agreement to reduce production of OPEC Plus in 2021 and the gradual lifting of travel and quarantine restrictions in the region will be the most important factor in the economic growth of these countries.
Meanwhile, Saudi Arabia's economic growth is expected to reach 2% next fiscal year with the return of major national investment projects, boosting demand and increasing VAT.
Oil independent economy of the Middle East
In the Middle East and North Africa region, the focus of governments is shifting to oil independent industrial activities, and long-term dependence on crude oil-independent businesses is gradually waning.
At present, non-oil goods and services play a very small role in the Middle East economy compared to other regions. However, non-oil exports are expected to play a vital role in further developing the comprehensive growth model to secure the region's future.
In the medium term, industries such as electronics, automobiles, plastics and agriculture in the Middle East are expected to grow at a healthy pace. This, in turn, will grow the industrial packaging market in the region.
What is the level of the West Asian tourism industry?
Three countries, Saudi Arabia, Egypt and Morocco, ranked first among the Arab countries in the region in attracting tourists. The total number of foreign tourists in the Middle East in 2012 was reported at 52 million, a decrease of 5% due to tensions and unrest in the region.
Egypt was able to re-establish itself among the tourist countries in 2012 with an 18% growth rate, after overcoming the turbulent period that led to the fall of the "Hosni Mubarak" regime and the overall security situation in the country.
Middle East and West Asia Commodity Exchanges
Of the 22 major commodity futures exchanges, 10 are located in Asia, and in African and Latin American countries there are examples such as the South African Futures Exchange, the Johannesburg Stock Exchange, and the Brazilian Commodity and Futures Exchange.
Commodity exchange is a market in which multiple sellers and buyers trade related commodity contracts based on the rules and procedures of the exchange.
In developed countries and many developing countries, such exchanges usually act as a platform for futures trading or standard futures contracts (futures contracts). In other developing countries, commodity exchanges may operate in a variety of ways to stimulate commodity trading.
The Dubai government recognized the importance of commodity trading and established the Dubai Commodity Center in 2002 to build the infrastructure needed by commodity market participants and to establish the region's first commodity exchange.
The Dubai Gold and Commodity Exchange is a fully automated exchange that trades derivative contracts for a wide range of commodities. The exchange currently trades futures for gold, silver, and foreign currencies.
Trading starts at 10 am Greenwich Mean Time and continues until 9.30 pm. All transactions on the Dubai Gold and Commodity Exchange are in US dollars. The Dubai Gold and Commodity Exchange reflects the Dubai government's desire to host a global market and create a hub for financial and commodity markets in the Middle East.
The Dubai Commodity Exchange (DME) owes much of its reputation to energy carriers, and since 2007 has been one of the most important official energy markets in Asia, and more precisely in the Eastern World. However, with the opening of the Shanghai Energy Exchange, part of the market's reputation has changed. For a long time, the Dubai Stock Exchange (DME) was the only price market in Asia, meaning that most crude oil and commodity trades were priced at a glance, although this does not mean that the Brent oil price index has weakened.
Iran Stock Exchange includes stock and commodity exchanges. The terms of trading in each exchange are different and are determined based on the terms and conditions of that market. In Iran Commodity Exchange, the buyer's broker, after receiving the order from the buyer, must register the purchase order in the system and send the purchase request form to the buyer in the physical market of Iran Commodity Exchange.
This form includes the buyer's information and the desired product for It is a purchase. After receiving the form, the buyer must send the form signed by the authorized signatories and sealed by the buyer to the broker before starting the transaction. It is worth mentioning that receiving the signed form from the buyer is the purchase license of the broker.
When it comes to investing in the Turkish stock market, the first option that comes to mind is to buy securities. The stock market as an integral part of the financial markets in the world today dates back to the 17th and 18th centuries. According to various legends, the first securities for public and private debt were established on the Antewerp Stock Exchange in Belgium, dating back to 1531.
But the stock exchange was first established in Amsterdam, the Netherlands, to preserve the value of money. This date dates back to 1602 AD. The Chicago Mercantile Exchange is the first commodity exchange in the modern sense to include cash and futures markets, dating back to the 19th century; That is, almost two centuries after the establishment of the first stock exchange market in the Netherlands!
The first stock exchange in Turkey was established in rye, under the siege of Kutya region, in the last years of 200 AD, by order of the Roman emperor Diolletian.
This non-modern and completely traditional market called Aizanoi was used as a wheat market at that time and the prices were engraved on the stones of this place, but the establishment of the Istanbul Stock Exchange dates back to 1926, which in 2013 with The merger of the gold exchange and the long-term and futures exchange continued to operate. This market is now available in cyberspace and easily you can be a member of it.