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Turkey, UAE sign 13 agreements worth $50.7 bn Turkey and the UAE have signed 13 bilateral agreements worth $50.7 billion during the visit of Turkish President Recep Tayyip Erdogan to Abu Dhabi, the President's office said. The agreements, which cover energy, transportation, infrastructure, logistics, e-commerce, finance, health, food, tourism, real estate, construction, defence industry, artificial intelligence and advanced technologies, were signed in the presence of Erdogan and UAE President Sheikh Mohamed bin Zayed Al Nahyan. ...
Turkey, UAE sign 13 agreements worth $50.7 bn
Turkey, UAE sign 13 agreements worth $50.7 bn
Source: IANS
20/07/2023 11:15:12 AM
Recep Tayyip Erdogan says ready to host Vladimir Putin in August Turkish President Recep Tayyip Erdogan he is ready to host his Russian counterpart Vladimir Putin in Ankara next month for talks on several issues. "We are preparing to host Putin in August," Erdogan told reporters in Istanbul. According to Erdogan, one of the key issues expected on the agenda of the two leaders' talks is whether the Black Sea Grain Initiative will be prolonged, reports Xinhua news agency. The deal, brokered by Turkey and the UN that allows Ukraine to e...
Recep Tayyip Erdogan says ready to host Vladimir Putin in August
Recep Tayyip Erdogan says ready to host Vladimir Putin in August
Source: IANS
15/07/2023 11:03:50 AM
Dollar eases as deal over US debt ceiling lifts risk appetite The U.S. dollar fell on Tuesday against a basket of major currencies but did not drift far from a two-month peak, after a deal over the U.S. debt ceiling lifted risk sentiment, although the agreement could face a rocky path through Congress. The dollar index, which measures the U.S. currency against six major peers, slipped 0.125% to 104.17, easing away from the two-month high of 104.42 it touched on Friday. The index is set to end the month with a gain of 2.5%. A handful of hard-right ...
Dollar eases as deal over US debt ceiling lifts risk appetite
Dollar eases as deal over US debt ceiling lifts risk appetite
Source: Reuters
30/05/2023 8:52:27 AM
Turkey joins nuclear power club with Akkuyu plant: Recep Tayyip Erdogan Turkey has joined the club of nuclear power countries with the nuclear fuel delivery into the first power unit of the Akkuyu power plant, President Recep Tayyip Erdogan said. "With the delivery of nuclear fuel by sea and air to our plant, Akkuyu has now acquired the nuclear power plant status. Therefore, our country has risen to the league of countries with nuclear power, albeit after 60 years of delay," Erdogan said at a ceremony via video link, joined by his Russian counterpart...
Turkey joins nuclear power club with Akkuyu plant: Recep Tayyip Erdogan
Turkey joins nuclear power club with Akkuyu plant: Recep Tayyip Erdogan
Source: IANS
28/04/2023 5:46:27 PM
Turkey`s inflation eases for 4th month to 55.18% in February Turkey's annual inflation eased for the fourth month in a row to 55.18 per cent in February, the lowest level in the past 12 months, showed official data. Consumer prices registered a month-on-month growth of 3.15 per cent, while the producer price index eased to its lowest level in 15 months by rising 76.61 per cent annually, according to the Turkish Statistical Institute on Friday. Inflation in Turkey hit almost 85.5 per cent, a 24-year high, in October last year after rising for ...
Turkey`s inflation eases for 4th month to 55.18% in February
Turkey`s inflation eases for 4th month to 55.18% in February
Source: IANS
4/03/2023 10:40:57 AM
Erdogan increases salaries of civil servants, pensioners by 30% Turkish President Recep Tayyip Erdogan announced the salaries of civil servants and pensioners would rise by an additional 5 per cent to 30 per cent in the first half of 2023. The move came a day after Erdogan announced on Tuesday that salaries for both active and retired civil servants would be increased by 25 per cent for the first six months of this year, reports Xinhua news agency. "As a result of the studies carried out, we have provided opportunities to hike the salary increa...
Erdogan increases salaries of civil servants, pensioners by 30%
Erdogan increases salaries of civil servants, pensioners by 30%
Source: IANS
5/01/2023 3:52:43 PM
Turkish exports reach record high in 2022: Recep Tayyip Erdogan Turkish President Recep Tayyip Erdogan announced that the country's exports in 2022 reached a record high of $254.2 billion, registering a year-on-year growth of 12.9 per cent. "Our goal now is to make Turkey one of the top 10 exporting countries," Erdogan told the Turkey Exporters Assembly in Istanbul on Monday. He added that exports were only $36 billion when the ruling Justice and Development Party came to power 20 years ago, reports Xinhua news agency. According to ...
Turkish exports reach record high in 2022: Recep Tayyip Erdogan
Turkish exports reach record high in 2022: Recep Tayyip Erdogan
Source: IANS
3/01/2023 11:24:10 AM
Turkey revises up reserves in offshore gas fields: Minister Fatih Donmez Turkey has revised up its natural gas recoverable reserves in the Sakarya gas field off the Black Sea coast after a re-evaluation work in the existing wells and a new discovery in the field, Energy and Natural Resources Minister Fatih Donmez said. The total amount of recoverable reserves in this field is now calculated to be 710 billion cubic meters (bcm), Donmez said at a media briefing. The country announced its first discovery in the Black Sea with 405 bcm reserves in the Tuna-1 well...
Turkey revises up reserves in offshore gas fields: Minister Fatih Donmez
Turkey revises up reserves in offshore gas fields: Minister Fatih Donmez
Source: IANS
28/12/2022 10:58:27 AM
Turkish President vows to sharply ease inflation in 2023 Turkish President Recep Tayyip Erdogan has pledged to sharply slow the inflation in the coming months and relieve Turkish citizens of the burden of a high cost of living. "Hopefully, we will witness that inflation will go downhill in the coming months. Let's make 2023 the turning point of our liberation from the trouble of living cost," Erdogan told his party members at the parliament on Wednesday. The world has been struggling with waves of economic crisis, but Turkey has...
Turkish President vows to sharply ease inflation in 2023
Turkish President vows to sharply ease inflation in 2023
Source: IANS
22/12/2022 12:17:55 PM
Ukrainian Prez holds talks with French, Turkish leaders Ukrainian President Volodymyr Zelensky has said that he had separate conversations with French President Emmanuel Macron and Turkish President Recep Tayyip Erdogan. Zelensky tweeted on Sunday that he discussed with Macron "the implementation of our ten-step peace formula, cooperation on defense and energy stability" of Ukraine, Xinhua news agency reported. In the conversation with Erdogan over the phone, Zelensky thanked Turkey for "sheltering Ukrainian children and provi...
Ukrainian Prez holds talks with French, Turkish leaders
Ukrainian Prez holds talks with French, Turkish leaders
Source: IANS
12/12/2022 12:14:42 PM
Recep Tayyip Erdogan, Vladimir Putin discuss grain deal, Syrian security Turkish President Recep Tayyip Erdogan and his Russian counterpart Vladimir Putin discussed Turkey-Russia relations, including the exports through the Black Sea grain corridor and the fight against terrorism along the Turkish-Syrian border, Turkey's presidency said in a statement. Erdogan told Putin in a phone call that the grain deal ensured over 13 million ton of grain reaching those in need, noting that they could start "working on the export of different food products and grad...
Recep Tayyip Erdogan, Vladimir Putin discuss grain deal, Syrian security
Recep Tayyip Erdogan, Vladimir Putin discuss grain deal, Syrian security
Source: IANS
12/12/2022 12:09:22 PM
Turkish-Israeli ties enter 'new era`: Erdogan Turkish President Recep Tayyip Erdogan has said that the bilateral ties between Turkey and Israel have entered a new era "thanks to the strong will of both sides". Erdogan made the remarks on Thursday in phone talks with Israel's Prime Minister-designate Benjamin Netanyahu, the first of its kind between the two leaders after years-long strained ties between the two countries, Xinhua news agency reported. During their phone talk, Erdogan said that it is in the interest of b...
Turkish-Israeli ties enter 'new era`: Erdogan
Turkish-Israeli ties enter 'new era`: Erdogan
Source: IANS
18/11/2022 10:26:09 AM
Amid inflation, Turkey launches massive housing project for low-income families  Low-income families in Turkey started submitting applications for a massive social housing project that President Recep Tayyip Erdogan described as the largest such initiative in the history of the country currently in the grip of rising inflation. The five-year project was announced by Erdogan on Tuesday, as the government battles rising housing and rental costs as well as a 24-year-high inflation rate of more than 80 per cent in August, reports Xinhua news agency. Under the proj...
Amid inflation, Turkey launches massive housing project for low-income families
Amid inflation, Turkey launches massive housing project for low-income families
Source: IANS
15/09/2022 10:59:24 AM
Turkish lira tumbles as central bank cuts key interest rate The Turkish lira weakened by as much as 1 per cent against the US dollar after the country's central bank decided to lower its benchmark interest rate. The bank in Ankara announced on Thursday that the key rate would drop to 13 per cent from previously 14 per cent, reports dpa news agency. The lira fell past 18.1 versus the dollar. The central bank has not raised its benchmark rate since December 2021 following a round of controversial rate cuts, in line with President Recep Tayy...
Turkish lira tumbles as central bank cuts key interest rate
Turkish lira tumbles as central bank cuts key interest rate
Source: IANS
19/08/2022 10:37:28 AM
Turkey plans to have 10 satellites in space by 2023 Turkey plans to have a total of 10 satellites in space by 2023 as part of its national space programme, Turkish President Recep Tayyip Erdogan has said. "This satellite marks another turning point in our space adventure. With the national space programme, it is our duty of honor to defend our country's rights in space just like on land, at sea and in air," Erdogan said at a ceremony to mark the TURKSAT 5B satellite's entry into service. The TURKSAT 5B satellite, launch...
Turkey plans to have 10 satellites in space by 2023
Turkey plans to have 10 satellites in space by 2023
Source: IANS
15/06/2022 12:29:45 PM
Erdogan vows more interest cuts despite 24-yr-high inflation Turkey will continue to lower interest rates rather than increasing them, President Recep Tayyip Erdogan said, amid growing concerns about a surge in the country's inflation to a 24-year high. Defending his government's easing monetary policy, Erdogan told reporters on Monday that the government is implementing its own "genuine" economic programme, reports Xinhua news agency. Turkey is an "independent" country that can determine and implement its own politica...
Erdogan vows more interest cuts despite 24-yr-high inflation
Erdogan vows more interest cuts despite 24-yr-high inflation
Source: IANS
7/06/2022 10:10:52 AM