Author: Steven Sahiounie

The Turkish currency fell against its American counterpart, in today’s trading, and this comes in light of the presidential and parliamentary elections that took place on Sunday, amid expectations that the presidential race is heading to a run-off. And by 11:21 Moscow time, the dollar exchange rate rose by 0.42% to 19.6662 Turkish liras, according to Bloomberg data. Before that, the Turkish currency fell to 19.70 lira against the dollar, and the following is the direction of the lira’s trading today:19.66 On the Istanbul Stock Exchange, the main Borsa Istanbul 100 Index fell by 2.22% to 4,689.38 points. This article…

Erdogan says the majority of the people supported the AKP’s alliance in these elections. Turkish President Recep Tayyip Erdogan stressed that Turkey “has completed another feast of democracy with the 14th of May elections,” pointing out that “although the exact results are not clear yet, we are ahead.” In a speech addressed to his supporters at the headquarters of the Justice and Development Party in the Turkish capital, Ankara, Erdogan said the Turkish people “are the winners regardless of the election result.” “We know that we are leading by a wide margin, but we don’t know officially what the exact…

After counting more than 98% of the votes in all Turkish provinces and states, the Turkish President and the head of the Republican People’s Party are heading for a second round of the presidential elections. Turkey is heading to a presidential elections runoff after the main rivaling candidates failed to attain the 50% mark +1 of voter support. While Turkish President Recep Tayyip Erdogan of the Justice and Development AKP ruling party landed 49.34% of votes, Kemal Kilicdaroglu of the opposition’s coalition the Republican People’s Party CHP was able to garner 45% after more than 98% of the votes were…

Egypt was able to enter the Guinness Book of Records, with the largest date palm plantation in the world with an area of ​​132,000 square kilometers, surpassing Al-Rajhi farm in Saudi Arabia, which was also recorded in the encyclopedia. The official court accredited by the Guinness Book of Records, Kenzi Emad El-Dafrawi, said in her speech that “Egypt broke the record for the largest date palm plantation in the world with an area of ​​132,000 square kilometers,” noting that Egypt was also granted a certificate to register “the largest water withdrawal basin in the world with an amount of water.”…

Senior officials meeting preparatory for the Economic and Social Council of the Arab League (AL) which was held in Jeddah showed the strong brotherly ties with Syria since the participating delegations started to arrive. An immense joy was on the faces of the Palestinian delegation’s members who sincerely congratulated the Syrian media delegation which came to Jeddah to cover the activities of the Arab Summit and the preparatory meetings at various levels. Syria has always been open to all Arab cooperation and its media has always covered any Arab event that carries with it the common interest of the peoples…

European Commission analysts have improved their forecasts for the performance of the Russian economy for the year 2023, based on the European Commission’s spring forecasts, which were released today, Monday. Commission experts and analysts believe that the Russian economy will decline this year by 0.9%, after they had expected in the fall of last year that the Russian economy in 2023 would decline by 3.2%. The European Commission also improved its forecast for Russian GDP growth for the year 2024 to a growth of 1.3%, after it had previously expected a growth of 0.9%. Last week, the Russian Central Bank…

Shipments of Belarusian goods to Russia surged by as much as 50% in January compared to the same period a year ago, Moscow’s ambassador to Minsk, Boris Gryzlov, said last week. The envoy added that trade turnover between the two nations in 2022 totaled $45.8 billion, marking an increase of 14.3% year-over-year. According to Gryzlov, the allies were able to “reorient a major part of Belarusian goods to the Russian market,” which “made it possible to compensate for about 40% of exports that Belarus lost due to restrictions imposed by the West.”  “In 2022, Belarus increased exports to Russia by 40.2% to $22.9…

The Turkish Central Bank revealed the amount of foreign exchange reserves in its coffers. The Central Bank of Turkey indicated, in a statement, that there are 114 billion and 132 million US dollars. The statement indicated that the Turkish central foreign exchange reserves decreased by about $ 752 million compared to last week’s reserves. He pointed out that the Turkish central reserves of gold amounted to 45 billion, 720 million US dollars. This article was originally published by TurkPress.

Turkey and the UAE aspire to advance their trade relations during the coming period, reaching an unprecedented figure of $25 billion in relations between them. Last March, the two countries signed the Comprehensive Economic Partnership Agreement between the two countries, which will constitute an advanced historical milestone in the process of qualitative relations, and an era in the path of joint cooperation towards broader areas. The signing was witnessed at the time by Turkish President Recep Tayyip Erdogan and his Emirati counterpart, Sheikh Mohammed bin Zayed Al Nahyan, during a summit they held via visual communication technology. In an interview…

The value of direct international investments in Turkey increased by 23 percent during the first quarter of this year, amounting to $2.311 billion. This came in a statement published by the Central Bank of Turkey, on Thursday, about direct international investments in the country, as it indicated that their value during the last 12 months amounted to 13.527 billion dollars. The Netherlands topped the list of investments in Turkey during the first quarter, followed by France, Germany, Ireland and Luxembourg. According to Anadolu Agency. The statement included a comment by the head of the Turkish Presidency’s Investment Office, Buraq Daglioglu, on…