USD/TRY resumes offers to reverse Friday’s pullback from the 3-month high. Russia and Ukraine ready for further talks after citing progress, Moscow attack slammed. US Treasury yields propel the DXY amid rising hopes of a 0.50% Fed rate hike on Wednesday. China’s covid cases bolster safe-haven demand for the US …
Read More »Ukraine invasion leaves Greece with grave fears on two fronts
Russia’s invasion of Ukraine has had serious repercussions in two areas of Greece’s economy and political status that seem unrelated but are in fact equally worrying when it comes to long-term political relations. term. Greece’s support for EU sanctions against Russia has resulted in the cancellation of Russian tourism to …
Read More »Turkey and the United States will coordinate their response to the war in Ukraine, says Ankara
The flags of Turkey and the United States are seen in this illustration taken August 25, 2018. Picture taken August 25, 2018. REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Reuters.com Register ANKARA, March 5 (Reuters) – Turkey and the United States will remain in “close coordination” in their …
Read More »Israel says Turkey’s outreach will not come at the expense of Cyprus | News
NICOSIA, Cyprus (AP) — Any attempt by Israel to improve strained relations with Turkey will not come at the expense of its “strategic relationship” with its Cypriot neighbor, Israel’s president said Wednesday. Israeli President Isaac Herzog, speaking after talks with his Cypriot counterpart, said he was aware next week’s visit …
Read More »Turkey’s policy shifts could see defense sector grow with Gulf rivals
ANKARA, Turkey — Turkey is reversing policy with its Gulf rivals in the hope that local defense firms can return to lucrative Saudi and Emirati markets. Deep political differences have plagued Turkish relations with Saudi Arabia and the United Arab Emirates in recent years, including divisive policies regarding the civil …
Read More »Turkey could become the next narco-state in the Middle East
The assassination of Turkish Cypriot casino magnate Halil Falyali last week was the latest installment in Turkey’s underground wars against drug trafficking and illicit finance. Turkish mobster turned whistleblower Sedat Peker accused Falyali last year of being a key player in cocaine trafficking and colluding with Erkan Yildirim, the son …
Read More »bne IntelliNews – Turkey’s Minimum Wage Gap to Hunger Line ‘Almost Completely Disappeared’
The gap between Turkey’s minimum wage and the famine threshold has almost entirely disappeared amid the collapse of the Turkish lira and soaring inflation, according to a report compiled by the Confederation of Turkish Trade Unions (Turk- Is). The January Turk-Is Hunger and Poverty Line survey, originally reported by bianet, …
Read More »ASIA/TURKEY – Erdogan confirms: new regulations and new elections for the Foundations of non-Muslim communities
ASIA/TURKEY – Erdogan confirms: new regulations and new elections for the Foundations of non-Muslim communities agos.com Ankara (Agenzia Fides) – The process of publishing new operating rules for Turkish foundations linked to non-Muslim communities is almost complete, which will soon allow these organizations to renew their governing bodies after eight …
Read More »Everything you need to know before trading Tadawul today
ANKARA: Following Iran’s decision to cut off gas flows to Turkey last week, Ankara began ordering gas-fired power plants to cut their gas consumption by 40% from Monday. This sudden decision highlighted the need to diversify energy suppliers for the country. Households, schools and hospitals are, for the time being, …
Read More »Turkey rescues over 70 migrants in the Aegean Sea – General News
(ANSAmed) – ISTANBUL, JANUARY 18 – The Turkish Coast Guard rescued 73 migrants overnight from Monday to Tuesday who were trying to reach the Greek islands from the Turkish coast on the Aegean Sea. Anadolu news agency reported that in response to sightings of boats full of migrants having difficulty …
Read More »Turkish Erdogan announces he will visit Saudi Arabia in February | Politics News
The visit is said to be the Turkish president’s first since the 2018 murder of Jamal Khashoggi by a team of Saudi agents in Istanbul. Turkish President Recep Tayyip Erdogan has announced that he will visit Saudi Arabia next month, the Turkish leader’s first visit since the 2018 murder of …
Read More »Turkey’s economy is no laughing matter – Famagusta Gazette
By Robert Ellis This Christmas, I was persuaded to dress up as Santa Claus to please our six-year-old granddaughter, who was disappointed that she hadn’t come last year. But I was scolded. “Santa Claus wore Grandpa’s shoes,” she later remarked. The same goes for Turkish President Recep Tayyip ErdoÄan and …
Read More »Saudi real estate market falls 9.1% in 4Q 2021, reports Al-Eqtisadiah
RIYAD: Global economic output is expected to exceed $ 100,000 billion next year, according to a report by UK consulting firm Cebr. The report also says it will take longer than expected for China to overtake the United States as the world’s largest economy. He predicted that China will occupy …
Read More »Lively bars, booming business: Dubai is experiencing a post-vax boom
DUBAI, United Arab Emirates – Nations around the world are rushing into lockdown, bracing for a brutal push as the omicron variant spreads like wildfire. But in Dubai, Donna Sese is bracing for a very different surge: countless restaurant reservations and meter-long drink bills. “We’re back and busy as before,” …
Read More »Foreign drones tip the scales in Ethiopia’s civil war
NAIROBI, Kenya – After the Prime Minister of Ethiopia scored an astonishing military victory earlier this month, overthrowing a rebel march on the capital that threatened to topple him, he credited his troops for their bravery. “Ethiopia is proud of your incredible heroism,” jubilant leader Abiy Ahmed told his troops …
Read More »Takeaways from President Buhari’s epic visit to Turkey, by Garba Shehu
The President’s visit to Turkey from December 16 to 19 was aimed at participating in the 3rd Turkey-Africa Partnership Summit, with an attractive theme: “Strengthened Partnership for Common Development and Prosperity”. Our national strategy was laid out before we left, based on a strong optimism that the summit will work …
Read More »The Turkish lira with another record decline – Novinite.com
national of Turkey currency hits a new all-time low, depreciating against the US dollar to 17.04 TO TRY through we unity. The data from the online exchange shows this. At the same time, the Turks currency has depreciated twice since the start of the year, which is one of the …
Read More »Turkish lira, stocks collapse amid inflation concerns
Istanbul’s stock market was twice forced to halt trading and the Turkish lira continued to decline on Friday as concerns grew that recent interest rate cuts could spur an inflationary spiral. . Turkey’s benchmark Borsa Istanbul 100 fell 8.5% on Friday on its worst day since March, tripping two circuit …
Read More »As Turkey’s currency crumbles, Erdogan’s support crumbles even in his hometown
RIZE, Turkey â Here in President Recep Tayyip Erdogan’s hometown on Turkey’s Black Sea coast, locals are questioning the leadership of their city’s favorite son amid an economic crisis that is driving up the cost of food, gasoline and medicine. Turkey’s currency has lost up to 45% of its value …
Read More »Apple briefly stopped selling its products in Turkey, but why ?, World News
Apple products, especially iPhones, are known for their popularity around the world. People wait in winding queues for long hours just to get their hands on the new gadgets no matter how expensive they are. Prices for Apple electronic devices, including iPhones, vary around the world. Import duties, among other …
Read More »Turkey and Arab world prefer cooperation over conflict
A changing geopolitical landscape has seen Ankara and its former Gulf rivals rethink their policies towards each other. Relations between Turkey and the Arab world are experiencing a major thaw after years of strained relations – a rapid rapprochement that has occurred in the space of a year. Following attempts …
Read More »Massive brawl breaks out in Turkish parliament
What was supposed to be an orderly diplomatic scene quickly turned into a fight club today, as officials in costume threw hay at their opponents. What was supposed to be an orderly diplomatic scene quickly turned into a fight club as officials now squabble over Turkey’s faltering economy. The country …
Read More »Turkish opposition leader helps form unlikely alliance to challenge Erdogan
For years, Turkish opposition leader Kemal Kilicdaroglu has been ridiculed for his gentle demeanor and inability to make inroads election after election. Lately, however, the leader of the Republican People’s Party (CHP) has discovered a taste for daring. On Friday, he showed up uninvited to the country’s statistical agency and …
Read More »Pound Crash Hits Turkey’s Factories, Farmers and Retailers | Business and Economy News
Istanbul, Turkey – The Turkish Lira crisis threatens to bankrupt 86-year-old Mehmet Sapci’s pharmaceutical company. With the onset of the coronavirus pandemic, his company – Merkez Ilac – was able to leverage its production lines to pump disinfectants that have been shown to be essential in stopping the spread of …
Read More »Turkish Finance Minister Lutfi Elvan resigns amid monetary crisis
Turkish Finance and Treasury Minister Lutfi Elvan has resigned amid a sharp drop in the Turkish lira, according to a presidential decree published in the Turkish Official Gazette on Thursday. Elvan has asked to be relieved of his duties, the official newspaper said. Turkish President Recep Tayyip Erdogan has appointed …
Read More »Turkey should adopt the euro – POLITICO
Asli Karahan-Ay is Chief Investment Officer of Lioness Capital. NEW YORK – The “unorthodox” economic policies of Turkish President Recep Tayyip ErdoÄan have caused a train crash. Turkey suffers from a balance of payments crisis, growing poverty, high unemployment and rampant inflation. At the time of writing, the Turkish lira …
Read More »Turkish Erdogan announces he will visit UAE in February
ANKARA, Turkey (AP) – Turkish President Recep Tayyip Erdogan has said he plans to visit the United Arab Emirates in February as the two countries prepare to put years of strained relations behind them. The powerful crown prince of Abu Dhabi visited Ankara last week, making his first official trip …
Read More »President Alvi calls for measures to integrate ECO region – Journal
⢠Sees an imperative for peace in Afghanistan for the TAPI gas pipeline, the CASA-1000 power grid and the trans-Afghan railway projects⢠Bilateral talks with the presidents of Uzbekistan, Turkey, Iran, Azerbaijan and Tajikistan ISLAMABAD: President Dr Arif Alvi said that the member states of the Organization for Economic Cooperation …
Read More »Few people dare to follow as Spanish bank BBVA raises bet on Turkey
While Carlos Torres Vila, director of BBVA, explained why the Spanish lender was planning to take full ownership of Turkish bank Garanti, it didn’t always sound like the sales pitch typically deployed for corporate transactions. But then the 55-year-old BBVA chairman could hardly ignore the backdrop of the deal – …
Read More »Ethiopia-Turkey pact fuels speculation on the use of drones in the Tigray War | Ethiopia
The Ethiopian government has forged an alliance with Turkey amid reports it wants to deploy armed Turkish drones in its bitter war against forces in the Tigray region. Ethiopian Prime Minister Abiy Ahmed signed a military cooperation agreement during a visit to Ankara in August with Turkish President Recep Tayyip …
Read More »In Turkey, foreigners face a new reality
What does it tell us about a country when foreign ambassadors advising their host state on a legal matter and refugees playfully teasing their host citizens on social media receive the same response from the government? That Turkey is in the mood for a little “time for me”. About a …
Read More »The post-Erdogan era could be lucrative for Turkish markets. How to play it.
Turkish President Recep Tayyip Erdogan, who is due for re-election by June 2023. OZAN ââKOSE / AFP via Getty Images Text size Like a flabby old horse under a drunken cowboy, the Turkish economy is holding up despite President Recep Erdogan. The 67-year-old leader could lose his grip after 18 …
Read More »With Turkey on FATF graylist, Erdogan’s neo-Putin dreams come true
Turkey has joined Mali and Jordan as new entrants to the gray list of the Financial Action Task Force (FATF), the global money laundering and terrorist financing watchdog body. The statement released by the FATF Secretariat, based in Paris, France, highlighted eight shortcomings, including the targeting of money laundering, non-compliance …
Read More »Turkish lira drops to all-time high after Erdogan orders deportations
The emissaries angered the president by calling for the release of the philanthropist and activist of Parisian origin Osman Kavala, imprisoned since 2017 without conviction. The Turkish currency fell to 9.80 against the dollar before recovering slightly to 9.73 after 05:00 GMT, a decline of 1.3% from the previous day. …
Read More »Turkey’s Erdogan threatens to expel US ambassador and 9 others
ISTANBUL – Turkish President Recep Tayyip Erdogan said on Saturday that he had ordered 10 foreign ambassadors who demanded the release of a jailed philanthropist to be declared persona non grata. The envoys, including representatives of the United States, France and Germany in Ankara, issued a statement earlier this week …
Read More »Osman Kavala affair in Turkey: a break with Europe? | Europe | News and events from across the continent | DW
Turkish philanthropist and activist Osman Kavala has never been convicted of a crime – yet he has been in prison for almost four years in Turkey, despite a ruling by a leading European court. On September 17, the Council of Europe issued Turkey its final warning to release the 64-year-old …
Read More »Foundation linked to Erdogan faces new accusations of nepotism and abuse
A youth foundation linked to the youngest son of Turkish President Recep Tayyip Erdogan found itself mired in new controversy after a former employee disclosed compromising documents exposing how it served as a vehicle to install party worshipers in the bureaucracy. Metin Cihan, a respected freelance journalist, posted on his …
Read More »A new 15 billion dollar canal for Istanbul
THERE NO like a poor view of the Bosphorus, the waterway that separates Istanbul between Europe and Asia. But that of the bridge Cobia gas, a 180-meter tanker, on its way from the Sea of ââMarmara to the Black Sea, is hard to beat. Ottoman palaces parade. Hagia Sophia enjoys …
Read More »Head of Germany-based Turkish proxy group UID pursues business interests and engages with radical figures in Turkey
Abdullah Bozkurt / Stockholm A senior official with Turkish President Recep Tayyip ErdoÄan’s long arm in Europe, trained as a far-right nationalist in his youth in Germany, runs several companies in Turkey and has ties to radical Islamist politicians in the country, an investigation has revealed of the Nordic Monitor. …
Read More »MP: Iranians spent $ 7 billion on real estate in Turkey
An Iranian lawmaker said Iran has repeatedly saved the political life of the Turkish president. Mojtaba Yousefi, an Iranian lawmaker representing the city of Ahvaz in parliament, said that after Iran played a key role in preventing Turkish President Recep Tayyip Erdogan from falling in the 2016 coup, this time …
Read More »Students sleep in parks to protest against rising rents in Turkey | Europe | News and events from across the continent | DW
For 18 months, face-to-face classes were suspended in Turkey due to the pandemic. When universities reopened, many students had a nasty surprise: rents became almost unaffordable. This is partly explained by inflation and the corresponding price fluctuations, which also affected the housing market. In addition, the Turkish government has failed …
Read More »Erdogan’s false claim that Turkey is “incomparably free”
On September 26, Turkish President Recep Tayyip Erdogan gave an interview to CBS’s âFace the Nationâ show. Among other things, Erdogan discussed his relationship with the administration of US President Joe Biden, Turkey’s influence in the Middle East, and the state of freedoms in his country. Interviewer Margaret Brennan asked …
Read More »Van Hollen and Lankford lead bipartisan push, urging President Biden to hold Erdogan accountable for crackdown on Turkish democracy
September 30, 2021 Today, U.S. Senators Chris Van Hollen (D-Md.), A member of the Senate Foreign Relations Committee, and James Lankford (R-Okla.) Led Senators Ron Wyden (D-Ore.), Thom Tillis (RN.C.), Jeff Merkley (D-Ore.), Jeanne Shaheen (DN.H.), Angus King (I-Maine), Cory Booker (DN.J.), Ed Markey (D-Mass. ) and Sherrod Brown (D-Ohio) …
Read More »Putin and Erdogan: situational enemies
Russian President Vladimir Putin (right) eliminates Turkish President Recep Tayyip Erdogan after their meeting at the Russian Presidency’s official residence in Sochi, Russia, September 29, 2021. / Getty Russian President Vladimir Putin (right) eliminates Turkish President Recep Tayyip Erdogan after their meeting at the Russian Presidency’s official residence in Sochi, …
Read More »Turkey creates a new Ottoman Empire
UNITED NATIONS (PA) – The foreign minister of the divided island of Cyprus accuses the Turkish president of trying to promote a new Ottoman empire in the Eastern Mediterranean and the Middle East – and says that such an approach to the geopolitics could have a negative impact on regional …
Read More »The economic madness of Turkish Recep Erdogan
Turkish President Recep Erdogan’s pride in his country’s recent interest rate cut recalls the apocryphal story of mother’s pride in her son during a military parade. The source of his pride was that his son was the only one in the parade who, in his mind at least, was marching. …
Read More »Turkey’s biggest tech event ends with dazzling performances
ISTANBUL Teknofest, Turkey’s largest tech and aerospace event, ended on September 26 with breathtaking closing ceremonies and the dazzling coordinated performance of the Turkish Air Force. class = “cf”> The five-day event held at Istanbul’s Atatürk Airport included a host of activities such as air shows with warplanes and helicopters, …
Read More »Erdoğan’s government welcomes US-indicted Turkish associate of Alex Saab who breaks sanctions against Venezuelan regime
Abdullah Bozkurt / Stockholm A Turkish associate of Alex Nain Saab Moran, indicted by the United States for helping the Venezuelan regime escape sanctions, was a guest at an event sponsored by the government of President Recep Tayyip ErdoÄan, which tied the sanctions years of close ties with Venezuelan President …
Read More »Here are the best foreign stories at 1700 hours
Outlook September 26, 2021 5:09 PM IST Here are the best foreign stories at 1700 hours perspectivesinde.com 1970-01-01T05: 30: 00 + 0530 TOP FOREIGN STORIES AT 1700 HOURS FGN 10 CHINA-INDIA-SENT-BORDER Don’t change the goals, don’t confuse border management with solving the border issue, Indian envoy to China Beijing: India …
Read More »Turkish president refuses to acquire Russian missile defense system, despite potential risk to the United States
Turkish President Recep Tayyip Erdoğan said in an exclusive interview with CBS News this week that his government intends to challenge the United States and move forward with the purchase of another anti-defense system. -Russian-made anti-aircraft missile, despite repeated warnings that it endangers the security of the NATO alliance. Erdogan …
Read More »World Business Quick Take – Taipei Times
COINS Turkish lira at historic low The Turkish lira fell to near an all-time high yesterday, a day after a surprise rate cut by the Turkish central bank, as broader emerging market currencies headed for their third consecutive weekly loss amid fears the group Chinese Evergrande (æå¤§ éå) is not …
Read More »Ankara struggles to control inflation rhetoric as Turkish distrust grows
Shortly after a small group of Turkish academics began publishing their findings on inflation late last year, their data began to reflect what many Turks already suspected: prices were rising two times faster than the government claimed. Ankara’s backlash was swift. In February, the Turkish National Institute of Statistics (TurkStat) …
Read More »Turkish court rules ex-teacher tortured in custody
Turkey’s Constitutional Court ruled on May 18, 2021 that a former teacher arrested for links to the Gülen movement had been tortured in detention and his rights violated, Bold Medya reported. The court ordered that Eyüp Binici, 46, be paid 40,000 Turkish lira in compensation for being sexually assaulted, beaten …
Read More »Fitch maintains pessimistic outlook for Turkish inflation
Fitch Ratings has revised upward Turkey’s economic growth forecast for 2021 to 9.2%, according to the rating agency’s Global Economic Outlook for September, released on September 16. The new figure is a massive upward revision from the agency’s previous update on August 13, when it revised Turkey’s growth forecast upward …
Read More »Erdoğan promises to help Turkish exporters
Turkish President Recep Tayyip ErdoÄan on Saturday announced a number of measures to help the country’s exporters with the aim of boosting the Turkish economy by 2023. The initiatives announced by the Turkish president during the Export Champions program of the Turkish Exporters’ Assembly (TIM) in Istanbul include the restructuring …
Read More »Bitcoin ban: These are the countries where crypto is restricted or illegal
Bitcoin has been controversial since its inception in 2009, as have the cryptocurrencies that followed in its wake. Although widely criticized for its volatility, its use in nefarious transactions, and for the exorbitant use of electricity to mine it, Bitcoin is seen by some, especially in developing countries, as a …
Read More »Senator berates Turkish leaders
ATHENS, Greece – U.S. Senate Foreign Relations Committee Chairman Bob Menendez criticized Turkey on Friday during a visit to Athens, saying its current leaders are not committed to the principles of democracy and Right wing state. Menendez, the Democratic senator from New Jersey, is in Greece to attend events celebrating …
Read More »Greece, Turkey tackle massive forest fires
A firefighting helicopter shoots down as a forest fire burns in the village of Ippokratios Politia, north of Athens, Greece on August 6, 2021. Costas Baltas, Reuters Hundreds of firefighters battled a blaze on the outskirts of Athens on Friday as dozens of fires raged in Greece in what the …
Read More »Turkey Announces Reopening of Deserted Cyprus Town Amid Greek Objections | European news
Varosha is deserted and no one has been allowed to enter since a 1974 war divided the island. Authorities in the self-proclaimed Turkish Republic of Northern Cyprus on Tuesday announced the partial reopening of an abandoned town for possible resettlement, drawing strong rebuke from Greek Cypriots and international leaders. Varosha, …
Read More »“They have just left us”: Greece accused of having left migrants adrift at sea
ON BOARD TURKISH COAST GUARD SHIP – Wet and shaken, the women and children were pulled aboard the Turkish patrol boat first, followed by the men and other children. A 7-year-old girl in striped leggings, Heliah Nazari, shivered uncontrollably as she sat on the deck. An older woman threw up …
Read More »Turkey criticizes European court ruling on headscarf ban
ISTANBUL (AP) – Turkish President Recep Tayyip Erdogan’s spokesman on Sunday condemned a European Union court ruling allowing employers to ban staff from wearing Muslim headscarves as appeasing Islamophobia. “The European Court of Justice ruling on the headscarf in the workplace is another blow to the rights of Muslim women …
Read More »All eyes are on Varosha ahead of Erdogan’s visit to Cyprus
Whatever he announces, it will change the face of future discussions, analysts predict By Elias Hazou Turkish President Tayyip Erdogan’s upcoming visit to northern Cyprus next week has sparked rumors in the Greek Cypriot space, with experts anticipating some sort of Varosha announcement. That a movement is taking place there …
Read More »Turkish Coast Guard fires warning shot at Cypriot police ship, World News
A Turkish coastguard ship fired warning shots at a Cypriot police boat on Friday. The boat was on patrol for undocumented migrants, Cypriot media reported. The incident came amid high tensions on the island as Turkish President Recep Tayyip Erdogan prepares to visit the separatist Turkish Cypriot north next week …
Read More »Kuwaitis hail Turkish influence, praise Erdoğan
The Crown Prince of Kuwait, Sheikh Mishaal Al-Ahmad Al-Jaber Al-Sabah, stood out with a statement in which he described Turkish President Recep Tayyip ErdoÄan as a “brave man in his positions, his words and his acts â. His stance has been seen by Kuwaiti analysts as an indication of major …
Read More »Detained Kyrgyz-Turkish educator says he was abducted by Kyrgyz men
Kyrgyz-Turkish educator Orhan Inandi, currently held by the Turks, says he was kidnapped in Bishkek at the end of May by three Kyrgyz men, who could be part of the country’s security services, before being transferred to Turkey, where he is accused of being involved in terrorist activities. In his …
Read More »REUTERS NEWS SCHEDULE AT 10PM GMT / 6PM ET
Here are the best stories and upcoming coverage plans for the Reuters text service at 10 p.m. GMT / 6 p.m. ET. For a full calendar of news and events, visit our editorial calendar on Reuters Connect here. BEST STORIES GLOBAL ETHIOPIA-ELECTION Ethiopian Prime Minister Abiy’s party wins landslide election …
Read More »Turkey, US agree on ‘scope’ of Kabul airport security
DIYARBAKIR: Turkish President Recep Tayyip Erdogan said on Friday that Turkey and the United States had agreed on the “scope” of how to secure Kabul airport under the control of Turkish forces after the withdrawal Washington of Afghanistan. Turkey has pledged to ensure airport security once troops leave next month, …
Read More »The image of Recep Tayyip Erdogan and the Turkish economy are both undermined
July 10, 2021 FOR A MOMENT, Turkish President Recep Tayyip Erdogan had reason to hope that the storm unleashed by Sedat Peker, a gangster in exile with a YouTube account and an ax to settle with Mr. Erdogan’s government, would stop. Mr Peker, who took to social media to launch …
Read More »Greece still hopes to end German submarine deal with Turkey | Voice of America
Greeks redouble months-long diplomatic efforts to persuade Germany to stop selling submarines to Turkey, saying planned sale of half a dozen submarines will shift the balance of naval power in the eastern Mediterranean. Greece and Turkey have been locked in a feud over the territorial status of Mediterranean real estate …
Read More »As the United States withdraws from Afghanistan, Kabul airport is a final position
KABUL, Afghanistan – For years Hamid Karzai International Airport has been a primary gateway to Afghanistan, an ambitious symbol of civilian life and normalcy amid military bases, warplanes and airplanes. scars from decades of fighting in the surrounding countryside. But now the airport, known to everyone as Kabul International, has …
Read More »Eyeing Chinese investment, Turkey launches Istanbul canal project
ISTANBUL – The 45km canal was called “crazy” by its biggest booster when the idea first surfaced ten years ago. But on Saturday, Turkish President Recep Tayyip Erdogan attended the inauguration ceremony of a bridge which marks the first step towards the construction of his favorite “Istanbul Canal” project connecting …
Read More »Turkey launches canal project amid environmental and regional concerns | Voice of America
ISTANBUL – In a rush of publicity, Turkish President Recep Tayyip Erdogan laid a foundation stone near Istanbul, starting construction of a 45-kilometer canal connecting the Black and Marmara seas. Erdogan said the project would usher in a new era for Istanbul and for Turkey. âThis is going to be …
Read More »The “Kanal Istanbul” project starts with the construction of a bridge
ISTANBUL (Reuters) – Turkish President Tayyip Erdogan on Saturday launched a $ 15 billion canal project intended to relieve pressure on the Bosphorus Strait by laying the foundation for a bridge on the planned route. Critics of what Erdogan dubbed his “crazy project” when he revealed it ten years ago …
Read More »UPDATE 1-Russia monitors talks over Turkish military base in Azerbaijan, Kremlin says
(Add a quote from Peskov, Erdogan, detail from Aliyev) MOSCOW, June 18 (Reuters) – Moscow is closely monitoring developments around a potential Turkish military base in Azerbaijan, a move that could force Russia to take measures to ensure its own security and interests, the Kremlin said on Friday. . Kremlin …
Read More »Central Bank of Turkey keeps interest rate unchanged at 19% | Economic news
ISTANBUL (AP) – Turkey’s central bank left its policy rate unchanged at 19% on Thursday. The bank said in a statement that the interest rate would be set at a level close to inflation and that a “tight” monetary policy would continue “to maintain a strong disinflationary effect … and …
Read More »Turkey’s problems point to risks for emerging markets as economies recover
Any signal that the Federal Reserve will tighten policy on Wednesday could spill over into emerging markets dependent on the US dollar. The first of these is Turkey. The Turkish lira has come under pressure in recent weeks as investors try to assess whether the country’s central bank will heed …
Read More »Turkey is preparing to become an energy hub
Turkey has dreamed of becoming an energy hub for decades, and as offshore energy projects in the Eastern Mediterranean expand, it looks like that dream is coming true soon. With the discovery of new offshore gases in the region, Ankara has stepped up its aggressive approach to become a true …
Read More »Turkey named secret war plans for eastern Mediterranean after 16th-century Ottoman victory over Christian alliance
Abdullah Bozkurt / Stockholm Turkey named its secret military war plans for the Eastern Mediterranean after a key Ottoman naval victory over a Christian alliance fleet that solidified Turkish rule of the Mediterranean. According to a PowerPoint presentation prepared by the General Staff for an internal planning review, Turkey has …
Read More »The strongest Turkish lira in a month before Erdoğan-Biden meeting
The Turkish lira rose nearly 2% on Friday to its highest level in a month before a meeting between Turkish President Recep Tayyip ErdoÄan and his American counterpart scheduled for Monday. Traders said the meeting raised expectations of a thaw in cold diplomatic relations between Ankara and Washington. The currency …
Read More »How the Turkish President will defend himself against the coastal invasion of “sea snot”
The Turkish coasts are invaded by the sea glanders, a viscous substance resulting from the proliferation of phytoplankton. The sea snot invasion near Istanbul in Turkey’s Marmara Sea is considered the worst in history, Deseret News reported. Fishing, tourism and all coastal activities have been halted, reported The Guardian. Increasingly …
Read More »Turkish lira hit again by Erdogan’s words
The USD / TRY is trading below its all-time highs, but that doesn’t mean a significant downtrend is about to emerge. The USD / TRY was hit by another foray of “economic policy bravado” from Turkish President Recep Erdogan last week, which pushed the Forex pair to new highs. Even …
Read More »Mafia boss’s claims cast veil over Biden-Erdogan meeting
DJEDDAH: Most Turks were eagerly awaiting Sunday to watch the latest video and denunciation statements from a notorious gang figure who was close to the government until recently. In his ninth video, Turkish fugitive mafia boss Sedat Peker, who is believed to be living in Dubai, claimed that Turkish Interior …
Read More »Turkish President vows to save sea from “sea snot” epidemic
ISTANBUL (AP) – The Turkish president on Saturday promised to save the Sea of ââMarmara from an epidemic of “sea glanders” that worries marine biologists and environmentalists. A huge mass of marine mucilage, a thick, viscous substance composed of compounds released by marine organisms, flourished in Marmara in Turkey, as …
Read More »Turkey Experiments With Cannabis Cultivation To Boost Hemp Production | turkey
A bespectacled, well-dressed Islamist recently kicked out of the Turkish Journalists Association for comparing domestic violence activists to prostitutes may not be the most likely candidate for a staunch cannabis advocate. But Abdurrahman Dilipak, 72, is one of Turkey’s strongest voices in favor of legalization as attitudes change and the …
Read More »Gas news is no saving grace for the Turkish lira
Turkish President Tayyip Erdogan attends a press conference in Budapest, Hungary on November 7, 2019. REUTERS / Bernadett Szabo President Tayyip Erdogan lives up to his old tricks. The Turkish leader is expected to announce “good news” regarding natural gas in the Black Sea Read more, according to state media. …
Read More »Turkish Lira hits new low as investors lose confidence | News from banks
The current governor of Turkey’s central bank, Sahap Kavcioglu, has sought to reassure large foreign investors that concerns about premature rate cuts were unwarranted. The Turkish lira stabilized at its lowest level on Thursday at 8.7 per dollar, after good US jobs data accelerated a three-month decline in which investors …
Read More »Turkish lira hits record high after Erdogan renews call for rate cuts
Customers stand near the desk of a currency exchange office in Ankara, Turkey on February 5, 2021. ADEM ALTAN | AFP | Getty Images The Turkish lira hit an all-time low on Wednesday, triggered by President Recep Tayyip Erdoan’s call for lower interest rates in the country where inflation is …
Read More »Asian stocks remain open after mixed US data: markets buckle down
(Bloomberg) – Asian stocks got off to a good start on Wednesday after US stocks edged down as the battle between economic optimism and inflation fears continues to play out in markets. Treasury yields edged up. Japanese stocks fluctuated while Australia and South Korea posted modest gains. US equity contracts …
Read More »Erdogan from Turkey and Mitsotakis from Greece “meet at NATO summit” | Political news
Both sides are NATO members and came close to armed conflict last year, but have since tried to reduce tensions. Turkish President Recep Tayyip Erdogan and Greek Prime Minister Kyriakos Mitsotakis will meet at this month’s NATO summit, as the two sides pledge to resolve their differences. The two rivals …
Read More »Turkish Foreign Minister Cavusoglu begins visit to Greece
ATHENS, Greece (AP) – Turkish Foreign Minister Mevlut Cavusoglu began his trip to Greece on Sunday with an unofficial visit to the northeastern province of Thrace, where most of the Greek Muslim minority resides. The official part of Cavusoglu’s trip will take place on Monday morning, when he meets his …
Read More »Turkey: Erdogan opens mosque in Taksim Square | News | DW
Turkish President Recep Tayyip Erdogan on Friday inaugurated a grand mosque in Istanbul’s Taksim Square, fulfilling his decades-old goal of building a Muslim place of worship in the heart of Turkey’s largest city. The imposing mosque has a dome 30 meters high and combines the Ottoman and contemporary arch. It …
Read More »Support for Erdogan’s ruling party hits record high
Support for Turkish President Recep Tayyip Erdogan’s ruling justice and development party reached an all-time high in April, Bloomberg reported. Can Selcuki, head of Istanbul-based sociological agency Turkiye Raporu, noted that Erdogan’s sacking of the central bank head in March was a watershed moment for voters. Erdogan fired Naci Agbal …
Read More »Poland to acquire 24 Turkish-made combat drones | Voice of America
ANKARA, TURKEY – Turkey and Poland have signed an agreement for the sale of Turkish-made combat drones, making Poland the first NATO and European Union member country to purchase Bayraktar unmanned aerial vehicles Turkey’s TB2, Turkish President Recep Tayyip Erdogan said on Monday. The deal was signed during Polish President …
Read More »Turkish leaders accused of ‘playing political games’ following Covid response | turkey
On a hot day in Istanbul last July, hundreds of thousands of people gathered in front of the Hagia Sophia to celebrate President Recep Tayyip ErdoÄan’s statement that the historic building that the secular founders of the modern state made of a museum would be converted into a mosque. The …
Read More »New talks in Cyprus should start with 2 states, not communities: Turkish President
ANKARA The Turkish president spoke virtually on Saturday at the opening ceremony of an irrigation tunnel to the Turkish Republic of Northern Cyprus (TRNC), commenting on the Cypriot issue. “If there are to be new talks on Cyprus, these should no longer take place between the two communities, but between …
Read More »Erdogan’s $ 20 billion canal to nowhere
In April 2011, Turkish leader Recep Tayyip Erdogan outlined his vision for a nearly 50-kilometer canal connecting the Sea of ââMarmara and the Black Sea parallel to the Bosphorus Strait, about 20 km to the east. A decade later, after countless shutdowns and starts, Turkish officials plan to inaugurate the …
Read More »Turkey, Armenia and why Biden used the ‘G’ word
Turkey, Armenia and why Biden used the ‘G’ word Joe biden Every year as April 24 approaches, hasty preparations are made in Turkey to counter what countries with strong Armenian communities will do to commemorate the day. This date is the anniversary of the 1915 resettlement of Armenians living in …
Read More »Angry with Turkey, Biden keeps promise to recognize Armenian genocide
ANI | Update: May 2, 2021 11:38 AM STI By John SolomouNicosia [Cyprus], May 2 (ANI): US President Joe Biden last month kept his campaign pledge to officially recognize as genocide the deportation and slaughter of approximately 1,500,000 Armenians by the Ottoman Empire during World War I.Responding, Turkey rejected Biden’s …
Read More »Former Boston Celtic Enes Kanter, targeted by Turkish government, joins Senator Ed Markey in condemning human rights abuses under President Recep Tayyip Erdogan
Former Boston Celtic Enes Kanter, who along with his family has been targeted by the Turkish government, joined Senator Ed Markey on Sunday in condemning human rights abuses in his home country. Kanter, currently a Portland Trail Blazers center, has repeatedly spoken out against Turkish President Recep Tayyip Erdogan, whose …
Read More »Biden’s recognition of Armenian genocide reveals Erdoğan’s weak hand
Ankara – President Biden’s willingness to risk tensions with Turkey by acknowledging the Armenian genocide is a sign of Turkey’s waning support for the White House, Congress and the US security establishment. Why is this important: The statement seems to indicate that the new US administration has downgraded its strategic …
Read More »Complete COVID-19 lockdown adds financial pressure in Turkey
ISTANBUL – As cases and deaths skyrocket, the Turkish president has asked people to stay home for nearly three weeks and shut down many businesses under the toughest COVID-19 measures yet. President Recep Tayyip Erdogan did not announce a stimulus package to offset the economic impact of the new restrictions, …
Read More »Turkey summons US envoy after Biden ‘genocide’ declaration
(Bloomberg) – President Joe Biden commemorated the 106th anniversary of the massacre of Armenians by twice calling it “genocide” – a word that no American leader since Ronald Reagan used to describe the event for fear of s alienate Turkey, a NATO ally. In response, a spokesperson for the Turkish …
Read More »Erdogan replaces Turkish trade minister, further cabinet moves expected
Turkish President Tayyip Erdogan attends joint press conference following talks with Russian President Vladimir Putin in Moscow, Russia, March 5, 2020. Pavel Golovkin / Pool via REUTERS / File Photo President Tayyip Erdogan on Wednesday appointed a prominent member of the ruling AK party, Mehmet Mus, as trade minister and …
Read More »For Erdogan Istanbul Canal Project, Critics See Few Winners | Business and economic news
Istanbul, Turkey – About 500 years ago, Sultan Suleyman the Magnificent planned to build a canal to bypass the Bosphorus. Today, that dream is about to come true with Turkey’s latest and most ambitious âmegaprojectsâ launched under the leadership of President Recep Tayyip Erdogan. The project to build a 40 …
Read More »Turkey’s Grand Canal plan divides the nation
For his supporters, this means investment, jobs and security for Istanbul, Turkey’s largest city. For its detractors, it means an eco-disaster, a waste of precious funds and a threat to one of the most important treaties underlining the security of the country. “ Kanal Istanbul ” – a project to …
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