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Tag: Syria

Collapsed buildings in Turkey after the earthquake
Banking

Syria loses 10% GDP to earthquake – World Bank

The World Bank has said the damage caused by the earthquake on buildings and infrastructures is estimated to be 10 percent of Syria’s Gross Domestic Product. According to Reuters, this was in a statement released on Friday by the Bank where it described the damage as a broad but preliminary damage estimate. The quake caused […]

Collapsed buildings in Turkey after the earthquake
Business

Turkey earthquake may cost Ankara $84.1bn – Group  

A business group has estimated that the impact of Turkey’s earthquake may cost the state capital, Ankara about $84.1 billion. This was based on the report that was published over the weekend by the Turkish Enterprise and Business Confederation. According to the estimation, $70.8 billion would be for the repairs of affected areas. An amount […]

Collapsed buildings in Turkey after the earthquake
Business

How earthquake’ll affect Turkey’s $819bn economy

The $819 billion economy-sized country, Turkey, is expected to experience an economic slow down following the earthquake that has disrupted its activities. The quakes which were nine hours apart on Monday have on Friday recorded about 22000 deaths.  This was reported to be one of the deadliest earthquakes on earth. It has affected almost all […]