Latest in Tag: Turkey Highlight

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Latest in Tag: Turkey


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Turkey strikes back at higher US tariffs

Turkey is imposing higher tariffs on about 20 US products ranging from sunscreen to cars, the government in Turkey has confirmed. The move comes in retaliation to Washington’s duties on imported steel and aluminum.Starting Thursday, Turkey is implementing retaliatory tariffs worth $266.5 million (€230.6 million) against the United States over what Ankara called “ill-advised and …

Deutsche Welle

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Which eurozone members face cold turkey if ECB ends stimulus?

The ECB’s €2.55 trillion QE program is set to start winding down, with president Draghi likely to signal on Thursday how he intends to turn off the life-support system for the eurozone. So who’ll sink and who’ll swim?The macroeconomic conditions in the 19-member bloc are clearly conducive to ending the stimulus program, most market watchers …

Deutsche Welle

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Ramadan in Turkey

Like all people in Islamic countries, Turkish Muslims receive Ramadan with joy. They rely on astronomical calculations to determine the beginning of Ramadan. It is rare to see someone watching Ramadan’s crescent, so the Turkish Directorate of Religious Affairs announces the start of Ramadan. As Ramadan starts in Turkey, lights at mosques are lit from …

Daily News Egypt

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38.5% increase in Egyptian exports to Turkey in 2017

Minister of Trade and Industry Tarek Kabil announced that Egyptian exports to Turkey achieved unprecedented growth during the past year, increasing 38.5% to reach $1.998bn compared to $1.443bn in 2016. The minister added that Egyptian imports from Turkey witnessed a remarkable decline last year to reach $2.36bn compared to $2.733bn in 2016, a decline of …

Daily News Egypt

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Cyprus faces unprecedented Turkish intransigence, arrogance: Cypriot presidential commissioner

Cyprus’s presidential commissioner, Photis Photiou, said that Cyprus faces the intransigence of Turkey and its unprecedented arrogance, in addition to flagrant violations of international laws relating to Cyprus’s sovereign rights in its exclusive economic zone. Photiou’s remarks came during a press conference on Sunday, where he explained that his country will continue efforts to find …

Mohamed Samir

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Turkish ground forces enter Syria’s Kurdish-held Afrin, amid criticism

Turkey says its military forces have crossed into Syria’s Kurdish enclave of Afrin, as Ankara launched on Saturday an air assault to take the area held by the US-backed Kurdish People’s Protection Units (YPG). Turkish forces crossed the border into Syria’s Afrin district on Sunday, Prime Minister Binali Yildirim said. At a news conference in …

Daily News Egypt

Abdallah Al Moghazy

Iran, Turkey, and the interests game

It seems that Iran and Turkey agreed to share the legacy of the old, sick Arab man, although they disagreed on the master whose instructions they should follow in the region to help them to achieve their interests and plans. Iran is a Shiite Muslim country, and the majority of Turkey’s population is Sunni Muslim. …

Abdallah Al-Moghazy

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Authorities seize attempt to smuggle ancient guns to Turkey

Following several failing attempts to illegally smuggle relics outside Egypt, authorities seized an attempt to smuggle three ancient guns go back to Ottoman Empire on Friday, Ministry of Antiquities stated in a press release. The guns were planned to be illegally exported to Turkey. After examining the guns, they were detected to be rare ancient …

Daily News Egypt

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Hoffenheim’s Demirbay chooses Germany over Turkey

Among the players that Joachim Löw has nominated for the Confederations Cup is Kerem Demirbay, who was also eligible to play for Turkey. The Hoffenheim midfielder chose Germany at the last minute.Germany coach Joachim Löw’s naming of Kerem Demirbay to the national team on Wednesday came as a surprise to reporters at the DFB’s (German …

Deutsche Welle

PM Erdogan

Turkey’s referendum result could scare off investors

President Erdogan has built much of his political success on the back of a strong Turkish economy. But GDP and tourism are down and some investors fear Sunday’s referendum win could mean a less positive economic outlook.Turkey’s economic development played an important role in the debate over controversial plans to change the constitution. Sunday’s referendum …

Deutsche Welle

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Turkish court blocks Booking.com website

A Turkish commercial court has ordered the blocking of travel website Booking.com over alleged unfair competition its hotel and flight reservations platform may pose to local firms.”The decision has been taken to halt the unfair competition activities of Booking.com. in a case brought by Tursab,” the Association of Turkish Travel Agencies, Tursab said in a …

Deutsche Welle

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Turkish court bans travel website Booking.com

A Turkish commercial court has ordered the blocking of the popular travel website over alleged unfair competition, saying the Dutch company’s hotel and flight reservations may pose a threat to local firms.The Association of Turkish Travel Agencies (Tursab), said on Wednesday the court in Istanbul had fined Booking.com 2.5 million lira ($686,605 or 639,526 euros) …

Deutsche Welle