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Afghanistan Qatar Turkey

Qatar, Turkey to work together on stabilising Afghanistan (Farah Najjar, Al Jazeera)

Qatar’s foreign minister has reiterated his country’s position on addressing the situation in Afghanistan, saying Doha will continue to work towards enhancing humanitarian and economic efforts in the war-torn country.

In a joint press conference with his Turkish counterpart in Qatar’s capital Doha on Monday, Sheikh Mohammed bin Abdulrahman Al Thani said Qatar will work with ally Turkey and Taliban officials to ensure that Kabul’s international airport, the site of chaotic scenes after the Taliban takeover, continues to function.

Qatar, Turkey to work together on stabilising Afghanistan | Politics News | Al Jazeera

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Turkey

Erdogan says he hopes volatile Turkish lira will steady soon (Al Jazeera)

Turkish President Recep Tayyip Erdogan has said he hopes that volatile foreign exchange and inflation rates would stabilise shortly as he reiterated his stance against high interest rates in the wake of a huge plunge in the lira currency.

The lira shed some 30 percent during the last month in a selloff driven by aggressive interest rate cuts that Erdogan sought, but that economists and opposition politicians say are reckless in part due to soaring inflation.

Erdogan says he hopes volatile Turkish lira will steady soon | Business and Economy News | Al Jazeera

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Iraq Kurds Turkey

Kurdish protesters storm the chemical weapons body in The Hague (AFP, Arab News)

Dutch police arrested 50 people on Friday after Kurdish demonstrators alleging that Turkey is using chemical weapons in northern Iraq broke into the headquarters of the global toxic arms watchdog.
Protesters got past security to enter the grounds of the Organization for the Prohibition of Chemical Weapons in The Hague and staged a noisy rally outside the building’s front doors, AFP journalists saw.
Police dragged the demonstrators off one by one, put them on the ground and handcuffed them, before bundling them into waiting vans.
At least a dozen police vehicles sealed off the road outside the OPCW, which is opposite Dutch Prime Minister Mark Rutte’s official residence.
Several ambulances and a medical helicopter were also at the scene.
“At around noon, a large group of protesters stormed a building … We have arrested these protesters. Several police units are present at the building,” police said on Twitter.
“The approximately 50 arrested demonstrators who were on the site have been transferred to a police location.”
Turkey denies using chemical weapons in its conflict with the Kurdistan Workers’ Party.

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Turkey

Turkey’s Erdogan replaces finance minister amid economic turmoil (Al Jazeera)

Turkish President Recep Tayyip Erdogan has replaced the country’s finance minister after weeks of economic turmoil in which inflation soared as the lira plummeted to record lows.

The currency has lost more than 40 percent of its value against the US dollar this year, making it the worst-performing of all emerging market currencies.

Turkey’s Erdogan replaces finance minister amid economic turmoil | Business and Economy News | Al Jazeera

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Turkey

Turkey’s central bank sells foreign reserves to stem lira crash (Onur Ant and Selcan Hacaoglu, Bloomberg, Al Jazeera)

Turkey’s central bank fought to shore up the plunging lira, directly intervening in foreign-exchange markets for the first time in seven years.

The central bank sold foreign currencies, including the U.S. dollar, to combat “unhealthy price formations” in the market, according to a statement, which didn’t provide specific figures. People familiar with the matter put the sales at around $1 billion.

Turkey’s central bank sells foreign reserves to stem lira crash | Business and Economy News | Al Jazeera

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Turkey

Why is Turkey’s lira crashing and will currency crisis worsen? (Patricia Sabga, Al Jazeera)

Once again, Turkey is in the throes of a currency crisis. The lira has lost more than 40 percent of its value against the United States dollar this year, making it the worst-performing of all emerging market currencies.

In November alone, the lira lost more than 25 percent of its value against the dollar – landing it well into currency crash territory.

Why is Turkey’s lira crashing and will currency crisis worsen? | Business and Economy News | Al Jazeera

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Turkey

Turkish opposition politician arrested for alleged espionage (Arab News)

Turkish authorities have arrested a prominent member of an opposition party over accusations that he engaged in “political and military espionage,” Turkey’s state-run news agency reported.

Turkish opposition politician arrested for alleged espionage (arabnews.com)

Categorie
Turkey UAE

UAE, Turkey deepen economic ties with investment deals (Meneske Tokyay, Arab News)

Turkey welcomed Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed Al-Nahyan, the UAE’s de facto ruler, on Nov. 24, marking the highest-level visit to Ankara since a nearly decade-long disagreement between the two countries.

The visit represents a new page in Turkey-UAE economic relations with the signature of several investment accords that will be supported with a $10 billion fund.

UAE, Turkey deepen economic ties with investment deals (arabnews.com)

Categorie
Turkey Ukraine

Turkish, Ukrainian companies team up for Mi-8 helicopter upgrades (Burak Ege Bekdil, Defense News)

Turkey’s largest defense company has signed a deal with two Ukrainian businesses to share upgrade work for Ukrainian-made Mi-8 helicopters.

Military electronics specialist Aselsan will work with Ukraine’s Motor Sich and Ukroboronprom to perform electro-optical and missile upgrades on the Mi-8s. The deal was signed during Saha Expo, a defense and aerospace event held in Istanbul from Nov. 10 to 13.

Turkish, Ukrainian companies team up for Mi-8 helicopter upgrades (defensenews.com)

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