The Turkish government has plans to transform Istanbul into an international financial centre complete with specialised courts to deal with international business disputes and a carbon exchange. However, sceptics are already denouncing the project as a pipedream. rnTurkey has taken steps to turn Istanbul into a major international financial centre (IFC-Is-tanbul) to serve Eurasia, a vast area stretching from the Adriatic to the Chinese frontier, taking in the Middle East and north Africa, with which the country still shares cultural ties existing from Ottoman times. But sceptics say the plan is a fantasy.
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