Istanbul (AFP): In an effort to combat double-digit inflation, Turkey’s central bank reduced its main interest rate on Thursday for the first time in over two years. Citing improvements in “inflation expectations and pricing behavior,” the bank’s monetary policy committee voted to lower the target rate from 50% to 47.5%.Continue Reading
UNITED NATIONS (AP) – Two days after launching a $397 million plea to aid almost 5 million Syrians across the border in the rebel-held northwest, the United Nations issued a $1 billion appeal to assist 5,2 million earthquake sufferers in Turkey. U.N. spokesperson Stephane Dujarric was bombarded with questions aboutContinue Reading
ISTANBUL (Reuters) – The number of tankers waiting to leave the Black Sea through Turkish straits increased on Friday, and Turkiye became a significant roadblock in the way of a complicated international scheme to deny Russia the proceeds from oil sales during times of conflict. Despite days of pressure fromContinue Reading
Turkish President Recep Tayyip Erdogan stated Friday that his country is “not favourable” to Finland and Sweden joining NATO, implying that Turkey could use its veto power as a member of the Western military alliance to prevent the two countries from entering. “We are closely monitoring developments in Sweden andContinue Reading
The Turkish Armed Forces’ Chief of General Staff paid a visit to the Joint Staff Headquarters on Thursday, where he met with Chairman Joint Chiefs of Staff Committee (CJCSC) General Nadeem Raza to discuss bilateral cooperation and regional security. According to the Inter-Services Public Relations (ISPR), Turkish Armed Forces ChiefContinue Reading
Prime Minister Imran Khan praised the Turkish model of systematic and organised religious education system on Monday, emphasising bilateral collaboration in this area to share best practises and knowledge. The Prime Minister was speaking with Prof. Dr. Ali Erbas, the Head of Turkey’s Presidency of Religious Affairs, who had comeContinue Reading
Prime Minister Imran Khan wishes Turkey’s President Recep Tayyip Erdogan and his wife Emine Erdogan a speedy and complete recovery from COVID 19. “I just learned that my brother Recep Tayyip Erdogan, President of Turkey, and Madame Emine Erdogan tested positive for Covid-19 Omicron,” he stated in a message onContinue Reading
Foreign Minister Makhdoom Shah Mehmood Qureshi spoke by phone with Turkmen Foreign Minister Rashid Meredov on Monday, exchanging views on bilateral relations as well as important regional and international issues. Foreign Minister Qureshi emphasised the need of expanding commercial and economic ties between Pakistan and Turkmenistan. The two ministers agreedContinue Reading
YEREVAN, Armenia (AFP) – Armenia said Tuesday that it will designate a special envoy to work on improving relations with arch-foe Turkey, a day after Ankara made a similar declaration. Since the 1990s, Armenia and Turkey have had no official diplomatic relations and their common border has been closed. TheirContinue Reading
After four people were murdered and over 180 injured in forest fires in Turkey, Turkish actress Esra Bilgic alias Halime Sultan is in “indescribable grief.” Esra, who plays Halime Sultan in the historical drama series Dirilis: Ertugrul, took to Twitter to express her grief, writing in Turkish, “I am inContinue Reading
