ANKARA – Turkey’s security forces killed seven members of Syria’s Kurdish People’s Protection Units (YPG) after they attempted to infiltrate into Turkish military zone in northern Syria, the country’s defense ministry said Wednesday. The seven YPG militants “opened harassment fire against the region and attempted to infiltrate, (and) were neutralized by our fire-support vehicles,” the … Read more
ISTANBUL: Turkey’s state oil operator on Wednesday said that it had resumed crude flows through a ruptured pipeline linking Iraqi energy fields with international markets. Tuesday’s blast along the Kirkuk-Ceyhan link in southern Turkey contributed to a rise in international crude oil prices to a seven-year high. The pipeline normally carries more than 450,000 barrels … Read more
ANKARA – Turkey on Tuesday reported 69,658 new COVID-19 cases, raising its tally of infections to 10,591,757, according to its health ministry. The death toll from the virus in Turkey rose by 157 to 85,077, while 77,612 more people recovered in the last 24 hours. A total of 418,253 tests were conducted over the past … Read more
ANKARA – Turkish police on Tuesday detained nine suspects over their alleged links to a network accused of orchestrating a coup attempt in 2016, semi-official Anadolu Agency reported. Ankara chief public prosecutor’s office said the suspects had various roles in the Gulen movement, which the Turkish government accuses of infiltrating the state bureaucracy and then … Read more
ISLAMABAD: Foreign Secretary Sohail Mahmood on Friday had a telephonic conversation with the Deputy Foreign Minister of Turkey Sedat Onal and exchanged views on further fortifying Pakistan-Turkey bilateral cooperative ties. During the telephonic conversation, Foreign Secretary Suhail Mahmood and Deputy Foreign Minister Sedat Onal shared perspectives on regional and international matters and agreed to deepen … Read more
ISLAMABAD: The Islamabad Chamber of Commerce and Industry (ICCI) urged the government to focus on diversification of exportable products and markets in order to boost the volume of exports, which would ensure achieving better economic growth of the country and address many economic woes. ICCI president Muhammad Shakeel Munir said that Pakistan was mostly relying … Read more
ANKARA: Turkey’s consumer prices have soared by the highest rate since 2002, further undermining President Recep Tayyip Erdogan’s unorthodox battle for his developing country’s “economic independence”. Analysts attribute the jump of the official reading to 36.1 per cent last month to the surging cost of imports, which range from energy to many of the raw … Read more
LONDON: Royal Dutch Shell said on Friday that it will win a boost from soaring gas prices in the fourth quarter despite supply problems, but cautioned that Omicron weighs on oil demand. Shell expects “significantly higher” gas revenues in the three months to December thanks to the “high liquid natural gas spot price environment” as it … Read more
ANKARA: The Turkish government on Thursday changed the regulation for foreigners to acquire Turkish citizenship in a bid to support its Turkish lira, according to a decree issued in the Turkish official gazette. Foreigners who make a certain investment in the country, buy real estate or make a fixed capital investment could get Turkish citizenship, … Read more
Actress Minal Khan is seemingly fond of traveling. The star along with her husband Ahsan Mohsin Ikram has been relishing winter in Turkey after her Muree trip. View this post on Instagram A post shared by Minal Ahsan (@minalkhan.official) The Hassad star, who recently tied the knot, is giving major couple goals in … Read more
KARACHI: The Union of Small and Medium Enterprises (Unisame) has urged for early implementation of the Small and Medium Enterprises (SME) Policy 2021, a statement said on Wednesday. The Unisame president Zulfikar Thaver has stressed the need for implementation of the Policy, saying that it envisages rapid SME export promotion, modernisation and upgradation of SME … Read more
ANKARA: Turkey on Tuesday reported 54,724 new COVID-19 cases, raising its tally of infections to 9,652,394, according to its health ministry. The death toll from the virus in Turkey rose by 137 to 82,932, while 26,561 more people recovered in the last 24 hours. A total of 382,888 tests were conducted over the past day, … Read more
ANKARA: Turkey’s annual inflation rate surged to its highest level since 2002 in December, official data showed on Monday, after a currency crisis sparked by President Recep Tayyip Erdogan’s unconventional economic policies. Consumer prices jumped to 36.1 per cent last month from the same period in 2020, up from 21.3 per cent in November, according to … Read more
YEREVAN: Armenia said on Thursday it was lifting an embargo on Turkish goods from January 1, while Turkey announced the two countries’ envoys could meet in January to discuss mending ties. Arch-enemies Armenia and Turkey have recently made tentative moves to improve relations. In Yerevan, the Armenian economy ministry said it was lifting an embargo originally … Read more
ISTANBUL: Turkish doctoral student Gulfer Ulas saw the first edition of her favourite Thomas Mann collection published for 33 liras. She found the second print of the same two-volume set selling months later at her Istanbul book shop for 70 liras (about $6 at the latest exchange rate). The jump exemplifies the debilitating unpredictability of Turkey’s … Read more
ISTANBUL: Private Turkish and Qatari companies have agreed to jointly operate five airports in Afghanistan, although they are still waiting to reach a final deal with the Taliban, officials said on Tuesday. Turkish Foreign Minister Mevlut Cavusoglu said on Monday that a “memorandum of understanding” had been inked in Doha earlier this month, covering Kabul and … Read more
The sea of Bulgarian buses parked outside a market in Turkey’s historic city of Edirne betrays the scale of the currency crisis impeding President Recep Tayyip Erdogan’s path to a third decade of rule. The mosque-filled city on Turkey’s western edge was an early capital of the Ottoman Empire when it was expanding across the … Read more
Turkey will send 15 million Covid-19 vaccine doses to Africa, President Recep Tayyip Erdogan announced at a major summit of the continent’s leaders, adding that the low vaccination rates there were a blot on humanity. Ankara has invested heavily in developing trade and diplomatic ties with the world’s poorest continent during Erdogan’s rule as prime … Read more
EDIRNE: The sea of Bulgarian buses parked outside a market in Turkey’s historic city of Edirne betrays the scale of the currency crisis impeding President Recep Tayyip Erdogan’s path to a third decade of rule. The mosque-filled city on Turkey’s western edge was an early capital of the Ottoman Empire when it was expanding across the … Read more
ISTANBUL: Turkey’s troubled lira nosedived on Monday after President Recep Tayyip Erdogan justify not to raise the interest rates to stabilise the currency. Erdogan has pushed the central bank to sharply lower borrowing costs, despite the annual rate of inflation soaring to more than 20 per cent. Economists believe the policy could see consumer price increases … Read more
ANKARA: President Recep Tayyip Erdogan has vowed to rein in inflation decimating Turks’ purchasing power and doubled down on his opposition to high interest rates. Erdogan has gone against orthodox economic thinking as part of a “war of economic independence”, arguing repeatedly that high rates push up inflation. “Sooner or later, just as we lowered inflation … Read more
ISLAMABAD: Minister for Information and Broadcasting Chaudhry Fawad Hussain has said a joint television channel would be set up to promote media links between Pakistan, Turkey and Malaysia. “Focal persons have been named for media sharing, and the joint media network will be formed,” he said talking to media in Islamabad. Read more: Fawad urges … Read more
ISTANBUL: Turkish security forces detained Thursday 14 suspected members of the Islamic State (IS) in Turkey’s financial and cultural hub Istanbul. The Ihlas news agency said police units carried out simultaneous operations in nine districts and captured 14 suspects, including 13 foreigners whose identities were not immediately clear. The suspects have been allegedly active in … Read more
ISTANBUL: The Turkish lira on Thursday hit fresh lows after the central bank fired the latest salvo in President Recep Tayyip Erdogan’s “economic war of independence” by cutting interest rates for the fourth successive month. The reduction of the main rate to 14 per cent from 15 per cent comes in face of an annual inflation … Read more
AL-BAB, Syria: Mohammed al-Debek, a schoolteacher in northern Syria, is on strike: the currency devaluation in neighbouring Turkey has slashed the value of his salary by two-thirds. His town of Al-Bab lies in a northern area of war-torn Syria that in recent years has turned into a de facto Turkish protectorate. Because the Turkish lira is … Read more
WASHINGTON: S&P Global Ratings on Friday changed its outlook for Turkey’s credit rating to negative from stable, as the country struggles with high inflation and a depreciating currency. Turkey’s annual inflation has surged above 20 per cent to its highest level in three years after President Recep Tayyip Erdogan installed loyalists at the central bank who … Read more
ISTANBUL: Shrouded by acrid smoke, young Afghan crouches sorting waste he has pulled from the trash bins of Istanbul, anxious that Turkey will soon strip him of even this subsistence. “I start at eight in the morning and finish at eight at night,” said Issam Raffur, who has spent four of his 20 years in … Read more
ANKARA, Dec. 5 (Xinhua) — Turkey on Sunday reported 19,357 new COVID-19 cases, raising its total tally of infections to 8,901,117, according to its health ministry. The death toll from the virus in Turkey rose by 185 to 77,830, while 24,278 more people recovered in the last 24 hours. A total of 350,937 tests were … Read more
