The Comprehensive Economic Partnership Agreement (CEPA), signed in March, has further enhanced bilateral economic collaboration. The CEPA sets the stage for increased non-oil intra-trade, job creation, and a significant boost in UAE exports to Turkey.

Qatar’s emir Sheikh Tamim bin Hamad Al-Thani praised Turkey's efforts to improve the country's financial situation and reduce inflation rates through a comprehensive monetary policy. Erdogan recognized Qatar's inherent economic potential and its balanced growth rates, saying it was one of the most robust economies in the region.

Designated by the UN as one of the five countries in the world most touched by some effects of climate change, Iraq is experiencing its fourth consecutive summer of drought.

Riyadh, Saudi Arabia -- Saudi Arabia’s exports to Turkey during the past three years amounted to SAR 52.280 billion ($13.93 billion), and the Kingdom’s imports from Turkey totaled SAR 16.787 billion.Saudi exports largely comprised plastics, metal products, organic chemical products, steel, precious metals and stones and its imports from Turkey were carpets,...

Haluk Bayraktar, CEO of the drone manufacturer which is co-run by one of Erdogan's sons-in-laws, in a tweet called the deal "the biggest defence and aviation export contract in the history of the Turkish Republic". The value of the deal has not been made public.

Doha, Qatar--Small and medium-sized companies in Qatar have signed deals worth $201 million during the first half of 2023, benefiting from the various services of the Qatar's Export Development & Promotion Agency (Tasdeer). In a report, Tasdeer highlighted the momentum witnessed by the participation of small and medium-sized companies in...

Putin has been threatening to pull out of the arrangement, arguing that elements of the deal allowing the export of Russian food and fertilizers have not been honored. Russia also accuses rich countries of profiting from the bulk of Ukrainian exports. But Zelensky says that "60% of the volumes" were...

The move by Moscow will "strike a blow to people in need everywhere", Guterres said. "Hundreds of millions of people face hunger and consumers are confronting a global cost-of-living crisis. They will pay the price," the UN chief said.

They worry over the fate of residents in Syria's last remaining rebel strongholds, in the north and northwest, after the Security Council failed on Wednesday to extend the mechanism. Under a 2014 deal, aid had largely passed through the Bab al-Hawa crossing with Turkey without the authorization of Damascus.

A letter this week from Syrian authorities allowing use of the border crossing between Turkey and Syria "contains two unacceptable conditions," according to a document sent to the UN Security Council from the Office for the Coordination of Humanitarian Affairs (OCHA). The 15 UN Security Council members had been trying...

Dubai, UAE -- Deals worth SAR 2.3 billion ($613 million) were signed between Saudi Arabian and Turkish companies on the sidelines of the Saudi-Turkish Business Forum that kicked off in Istanbul on Wednesday.The deals have been signed for real estate development, construction, engineering consultancy and a number of other investment...

Russia vetoed a nine-month extension of the agreement allowing for the conduit during a vote at the UN headquarters in New York, and then failed to muster enough votes to adopt just a six-month extension. The UN-brokered agreement that allows for the delivery of aid overland from Turkey into rebel-held...

German Patriot missile systems and French fighter jets were guarding the skies as NATO leaders gathered in Lithuania, on NATO's eastern flank and a land once occupied by Moscow. The Western military alliance is set to offer its full-throated backing for Kyiv's quest for victory, but its 31 nations are...

Turkish President Recep Tayyip Erdogan's block on Sweden's membership bid had cast a cloud over preparations for Tuesday's meeting, but the countries ironed out their differences in 11th-hour talks in Vilnius. Swedish Prime Minister Ulf Kristersson said he was "very happy" and hailed "a good day for Sweden".

The United States supports Turkey's bid to enter the European Union but does not believe Ankara should link that to accepting Sweden's entry into NATO, a senior American official said Monday. Earlier Turkiye's Erdogan had said that EU should restart his country's inclusion bid into the EU bloc.

Tehran, Iran-- Hectic efforts are underway for the restoration of ties between Syria and Turkey and also to pave way for a meeting between the Syrian and Turkish presidents.According to the Special envoy of the Russian president in Syria, Alexander Lavrentiev, intense work is underway to normalize relations between Syria...

"The return of Azov commanders from Turkey to Ukraine is nothing but a direct violation of the terms of existing agreements," Kremlin spokesman Dmitry Peskov was quoted as saying by Russian news agencies. Peskov said the return was linked to the "failure of the counter-offensive" launched by Ukraine, and Ankara's...

According to the TUIK state statics agency, the rate slowed from 39.6% in May. But a separate study released by independent economists from the ENAG group who question the official data put the June figure at 108.6 percent, up from 105.2% in May. The official rate has been steadily dropping...

Egypt and Turkey said they had appointed ambassadors to each others' countries for the first time in a decade, in the latest sign of warming ties. The two foreign ministries said the move "aims at the re-normalization of relations between the two countries and reflects the mutual will to develop...

Turkey dropped its objections to Sweden's nordic neighbour Finland joining earlier in the year and Helsinki became a NATO member in April. Sweden has been a NATO "invitee" since June 2022, but its membership bid, which must be ratified by all 31 member states, has been blocked by Turkey and...

Ankara, Turkiye - The World Bank has announced its approval of $1 billion in financing to assist Turkiye in the reconstruction of rural housing and essential public services in earthquake-affected regions.In a statement Wednesday, the World Bank highlighted that the "Turkiye Earthquake Resilience and Reconstruction Project" will contribute to the...

New York, United States - Metatime, a blockchain technology company, has so far raised $25 million through crowdfunding, pre-sales, and angel investments, with investors from Turkey, Denmark, and Germany.The investors included Yildiz Tekno Venture Capital Investment Trust, Yildiz Technical University Technopark, and telecommunications and financial institutions, who participated in the...

The Turkish leader pushed the central bank to start slashing interest rates two years ago as part of a "new economic model" that focuses on job creation and economic growth. The policy badly backfired and nearly cost the veteran Turkish leader last month's general election. The annual inflation rate reached...

Ankara, Turkey - Turkish government has announced a 34 percent increase in the monthly minimum wage, effective from July 1. The decision was reached by the minimum wage assessment commission, following negotiations between workers and employers, according to Labour Minister Vedat Isikhan.The new minimum wage will amount to a net of...

QAMISHLI, SYRIA- A Turkish drone strike killed three employees of northeast Syria's semi-autonomous Kurdish administration on Tuesday, a spokesman said, amid a recent uptick in attacks targeting Kurdish-held areas.The strike targeted "a vehicle transporting civilian employees, killing two Kurdish women and a Christian" man, said Farhad Shami, spokesman for the Kurdish-led...

Dubai, UAE - Middle East, Turkey, and Africa (META) region ranks among the top three regions most prone to mobile financial scams, a recent report by cybersecurity firm Kaspersky has revealed. The study indicates that 14 percent of installations of potentially unwanted mobile financial apps on Android phones were made by...

The decision comes after the Supreme Court in May cleared his repatriation to Turkey, where he is expected to serve out a drug trafficking sentence.

Tehran, Iran-- Bilateral trade between Iran and Turkey is expected to vault to US$15 billion by 2025 on the back of deeper cooperation with the private sector.According to a senior official in Iran’s Trade Promotion Organization (TPO) trade with Turkey will easily reach $15 billion in early March 2025 to...

Abu Dhabi, UAE-- With the signing of the Comprehensive Economic Partnership Agreement (CEPA), the UAE exporters are expected to benefit more as they will gain more access to major sectors in Turkey like construction, metals, and their products, polymers, and other manufactured products.According to Abdulla bin Touq Al Marri, UAE...

Abu Dhabi, UAE-- The UAE and Turkey economic ties have witnessed a great leap in the last decade with non-oil intra-trade between the two countries crossing $103 billion, divided into $56 billion in imports, about $35 billion in exports, and more than $13 billion in re-exports, according to Federal Competitiveness...

ISTANBUL, TURKEY - UAE President Sheikh Mohamed bin Zayed Al Nahyan  arrived here on Saturday for a working visit and met with Turkish President Recep Tayyip Erdogan.The two leaders reviewed the growing bilateral ties between the UAE and Turkey and explored opportunities for further collaboration.The meeting between Sheikh Mohamed and...

Hafize Gaye Erkan -- whose appointment was published in the official gazette on Friday -- has taken over the post from Sahap Kavcioglu. Under Kavcioglu's watch, the bank's policy rate was decreased to 8.5 percent. It had been at 19 percent in 2021.

Seriously ill Syrians in the country's last rebel bastion of Idlib used to be able to access life-saving care across the border. But the main crossing there for medical visits slammed shut after a deadly earthquake ravaged southern Turkey on February 6, prompting Ankara to prioritise its domestic needs.

Erdogan was sworn in on Saturday after winning a historic election runoff on May 28 and named a new cabinet appointing market-friendly politician Mehmet Simsek as finance minister.

ISTANBUL, TURKEY - The chairman of Turkish Airlines said Monday that the company will make a final decision on plans for a record-breaking order of 600 aircraft in two months.The airline is in talks with US aircraft maker Boeing and its European rival Airbus to purchase 400 single-aisle planes along with...

ISTANBUL, TURKEY -  Airlines will fly 4.35 billion passengers this year, close to the 2019 record as the industry bounces back from the Covid pandemic, an industry group said on Monday.The sector will also be back in the green, with net profits forecast to reach $9.8 billion in 2023, or double...

Tehran, Iran-- Iran has called for expansion of ties between Tehran and Ankara after the victory of the incumbent president of Turkey in the recently held elections in the country.The sentiment was expressed by Iran's foreign minister Hossein Amir-Abdollahian in a phone call with his Turkish counterpart Foreign Minister Hakan...

Consumer prices rose by 39.6 percent on an annual basis and were almost stable, at 0.04 percent, compared to the previous month, according to the country's statistics agency. However, these official figures -- the first since President Recep Tayyip Erdogan was re-elected on May 28 -- are challenged by independent...

Istanbul, Turkey - NATO chief Jens Stoltenberg on Sunday called on Ankara to drop its opposition to Sweden's bid to join the defense alliance, saying Stockholm has addressed Turkey's security concerns."Sweden has taken significant concrete steps to meet Turkey's concerns," Stoltenberg told reporters after meeting President Recep Tayyip Erdogan. "Sweden has...

Doha, Qatar-- Qatar Chamber and Turkish officials from the Trabzon Chamber of Commerce and Industry (TCCI) and the Manisa Chamber of Commerce and Industry (MCCI) have discussed ways to boost investment cooperation in a meeting in Doha.QC first vice-chairman Mohamed bin Twar Al Kuwari met at the chamber's premises with...

Turkey's Recep Tayyip Erdogan has been sworn in for a third term as president, promising to serve "impartially" after winning a runoff election. "As president, I swear upon my honor and integrity, before the great Turkish nation ... to work with all my power to protect the existence and independence...

DUBAI, UAE -  The UAE is poised to play a pivotal role in global trade with its exports projected to reach around US$544 billion (AED2 trillion) by 2030, showcasing a robust annual growth rate of 5.5 percent. according to a Standard Chartered research study.The report, titled 'Future of Trade: New...

Strong backing for President Recep Tayyip Erdogan among Turks in Germany in last weekend's historic election has sparked renewed soul-searching about whether Berlin's attempts to integrate the minority are failing. There were scenes of jubilation in some German cities after Erdogan extended his two-decade rule in Sunday's runoff vote, with...

Turkey and Hungary are the only NATO countries that have yet to ratify Sweden's membership bid. Erdogan, who was re-elected Sunday for another five-year term as Turkey's president, has accused Sweden of being a haven for "terrorists", especially members of the Kurdistan Workers' Party (PKK).

Recep Tayyip Erdogan appealed for national unity Monday after winning a historic runoff election that extended two decades of his transformative rule until 2028. The 69-year-old overcame Turkey's worst economic crisis in a generation and the most powerful opposition alliance to ever face his Islamic-rooted party on his way to...

ABU DHABI, UAE - Minister of Energy and Infrastructure Suhail bin Mohammed Al Mazrouei headed the UAE delegation to the Development Road Conference in Iraq.The one-day conference brought together transport ministers and officials from the Gulf Cooperation Council, Iran, Turkey, Syria and Jordan and representatives of the European Union and...

In a world where Turkey and Russia are both sceptical of Western military, political and economic dominance, Putin and Erdogan see each other as reliable partners. "Russia must have breathed a sigh of relief," said a Western diplomat, referring to the outcome of the first round on May 14.

Known to his inner circle as "beyefendi" (sir) and to admirers as "reis" (the chief), Erdogan prides himself on being able to woo doubters through tireless campaigning. This passion has helped him and his party win more than a dozen local and national elections, allowing Erdogan to claim a people's...

Air strikes and artillery exchanges shook the Sudanese capital and armed men ransacked the Qatari embassy as the country's warring generals kept up their struggle. Khartoum residents said that heavy fighting raged despite repeated global calls for a truce. The area around the state television building in Omdurman was also...

The GCC is the third largest source of foreign investment in Turkey, with 1,973 Gulf companies currently operating in the country.