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Turkey

Saudi Chamber of Commerce Warns Against Investing in Turkey

Riyadh (TM) -Ajlan Al-Ajlan, chairman of the Riyadh Chamber of Commerce and Industry (RCCI), has warned Saudi investors against making any investments in Turkey, citing the worsening economic situation and high risks for investors, the Saudi Gazette reported on Sunday. “The RCCI has received several complaints from Saudi investors in Turkey who faced problems threatening their investments,” […]

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Turkey Planning to Tap $6.6 Billion From Central Bank Reserves

Ankara (TM) -Turkey’s Treasury ministry is working on legislation to transfer the central bank’s 40 billion lira ($6.6 billion) in legal reserves to the government’s budget to shore it up, three economic officials told Reuters. The budget deficit is deeper than expected, said the sources, who requested anonymity because they were not authorized to speak publicly. It […]

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The AKP’s Recent Election Loss May End Up Tearing the Party Apart

Ankara (GPA) – After the recent election losses, Erdogan may be running out of external enemies and could be bringing his witch hunt home to the AKP. Following the most recent municipal elections in Turkey, the Justice and Development Party (AKP) took several big blows, but perhaps there are none worse than those that are […]

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Trump’s Gulf Backups for Iranian Oil Will Not be Good Enough for Turkey

Ankara (TM) – Turkey is loath to buy more oil from Saudi Arabia and the United Arab Emirates (UAE) as the United States looks to squeeze exports from Iran, currently the third-largest supplier of crude to the Middle East’s biggest economy, Bloomberg reported on Wednesday. “Iranian oil isn’t cheap, but there is a big difference” between it and […]

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Turkish FM Slams US Decision to Cancel Iran Oil Waivers

Ankara (TM) – Turkey’s Minister of Foreign Affairs Mevlüt Çavuşoğlu on Monday criticized a United States announcement to cancel oil-related sanctions waivers on Iran. “The US decision to end sanctions waivers on Iran oil imports will not serve regional peace and stability, yet will harm Iranian people. Turkey rejects unilateral sanctions and impositions on how to conduct relations […]

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Turkish Ambassador Denies Report Claiming Ankara Sent ISIS Fighters to Libya

Ankara (TM) – Turkish Ambassador to Tunisia Ömer Faruk Doğan has denied a Tunisian news report accusing Ankara of sending Islamic State in Iraq and the Levant (ISIL) terrorists to the Libyan capital of Tripoli from Syria, the state-run Anadolu news agency reported. In a statement, Doğan described the report by private newspaper Al-Chourouk as “lies.” The […]

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Turkish Opposition: Police Going Door-to-Door Asking Who Residents Voted For

Ankara (TM) – As controversy over the İstanbul mayoral election continues, the Turkish opposition has claimed that the police are going door-to-door in the Büyükçekmece district, asking residents who they voted for, the Artı Gerçek news website reported on Tuesday. The allegation was made by Engin Altay and Seyit Torun, top officials from the main opposition Republican People’s […]

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What Happened in the Turkish Municipal Elections and What’s Next?

Ankara (GPA) – Turkish President Erdogan and his Justice and Development Party had a bad weekend but it won’t necessarily slow them down. If you were closely following the Turkish municipal elections at all you’ve probably seen a lot about how the foundations of President Recep Tayyip Erdogan’s rule is finally starting to show some […]

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Erdogan & AKP Keep Putting up Victory Posters in İstanbul…Where They Lost

Istanbul (TM) – Turkey’s ruling Justice and Development Party (AKP) continues to hang banners claiming victory in İstanbul, which it has lost to the opposition nominee for mayor, according to the unofficial results of Sunday’s local elections. the Artı Gerçek news website reported on Tuesday. “Thanks, İstanbul” read the posters, which were put up at several points in […]

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US May Soon Freeze Preparations for F-35 Delivery to Turkey

Ankara (TM) – The United States could soon freeze preparations for delivering F-35 fighter jets to Turkey in what would be the strongest signal yet by Washington that Ankara cannot have both the advanced aircraft and Russia’s S-400 air defense system. Reuters reported in an exclusive on Thursday, citing officials. The United States is nearing an inflection point […]

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