Latest in Tag: Turkey Highlight
Latest in Tag: Turkey

How far Turkey crisis could affect emerging markets including Egypt in long run?
Turkish fall appears to cause sentiment towards EMs more generally to deteriorate

State of emergency in Turkey has ended, but violations still cited
Human rights organisations say that ending state of emergency is first step which is necessary in a long line of measures that new government must undertake

Egypt, Turkey dominate global tourism market: Exceltur
Egypt is one of the best tourist destinations in 2018, says American Forbes magazine

Erdogan re-elected president, defeating ambitious challenger
Turkeyâs strongman to enjoy new extraordinary executive powers as president

Erdogan faces real rival as Turks vote in first elections in years Â
left-center politician Muharrem İnce becomes foremost rival to Erdogan in intense presidential race.

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 (âŹ230.6 million) against the United States over what Ankara called “ill-advised and …

Which eurozone members face cold turkey if ECB ends stimulus?
The ECB’s âŹ2.55 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 …

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 Ramadanâs crescent, so the Turkish Directorate of Religious Affairs announces the start of Ramadan. As Ramadan starts in Turkey, lights at mosques are lit from …

Fears of water scarcity in Iraq as Turkey fills Ilısu Dam reservoir
Turkey started constructing dam in 2006 on Tigris River as part of South-eastern Anatolian Project (GAP)

Erdogan announces early presidential, parliamentary elections in June
Elections are first to be called early in Turkey since 2002

Turkish, Russian, Iranian leaders stress no military solution to Syrian crisis
Putin declares defeat of IS in Syria

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 …

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 Cyprusâs sovereign rights in its exclusive economic zone. Photiouâs remarks came during a press conference on Sunday, where he explained that his country will continue efforts to find …

Op-ed review: Erdogan criticised, Turkey sheltering âenemiesâ of Egypt
Private newspaperâs chairperson slams arrested ex-auditor Hisham Geneina

Attempts to violate Egyptâs sovereign rights will be confronted: Egyptâs FMÂ
Egypt rejects Turkish claims to Eastern Mediterranean economic zoneÂ

15 days into Turkeyâs operation in AfrinÂ
Syrian Kurds targeted before Washingtonâs eyes

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 …

Egyptian exports to Turkey increased by 44.2% during 10M 2017
Egyptian imports from Turkey declined by 18.7% from January to October 2017

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. …

Gulf Capital closes 3 new growth capital transactions in Egypt, Africa, Turkey
Fund will allocate $22m for oil, gas infrastructure in EgyptÂ

Putin, Erdogan discuss latest updates in Syrian crisis
Both leaders asserted their rejection of recent American decision on Jerusalem

Putin to visit Egypt, Turkey on Monday
Further escalation of tensions in Middle East region would be unacceptable, says a statement by the Kremlin announcing Putinâs visit

Egypt beats Turkey to organise Polish Chamber of Tourism conference
Egypt’s public relations campaign reason for securing opportunity, says Tourism Promotion AuthorityÂ

Egypt, Turkey put aside differences to boost business relations
Plans to establish a new industrial zone in Egypt worth EGP 3bn

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 …

Turkish troops reportedly to be deployed to Turkish military base in Qatar
Doha has to cut ties with Hamas and Muslim Brotherhood, says Saudi ArabiaÂ

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 …

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 …

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 …

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) …