Author: Steven Sahiounie

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…

The Financial Regulatory Authority approved the launch of the first fund to invest in gold in Egypt, a step that provides a new mechanism for investing in the precious metal in the country, which has recently witnessed a great demand for bullion and gold pounds as a safe haven from the depreciation of the pound. Gold funds allow investing in the precious metal through the purchase of fund documents, which saves the cost of acquiring the metal itself, in addition to the possibility of buying in small amounts. Ahmed Abu Al-Saad, managing director of Azimut Egypt, said that the prospectus for the…

More than a month and a half after stopping sales of oil in the Kurdistan region of Iraq on March 25, estimated at 450,000 barrels per day via Turkey, following the issuance of the international arbitration decision in Paris in favor of Baghdad, which cost Iraq huge losses, it is expected that sales will resume through the port of Ceyhan. Al-Turki is under the supervision of the Iraqi Ministry of Oil, but the Turkish response to the Iraqi request has not yet been issued. Where the Iraqi Deputy Prime Minister for Energy Affairs and Oil Minister Hayan Abdul Ghani revealed…

Earlier in the day, Erdogan cast his vote in Istanbul and planned to stay in that city until the voting results are announced Turkish incumbent President Recep Tayyip Erdogan, who planned to wait for the results of Sunday’s presidential polls in Ankara, has arrived in Istanbul. The TRT state broadcaster and the Demiroren news agency aired his meeting with people in Istanbul’s Kisikli district. Earlier in the day, Erdogan cast his vote in Istanbul and planned to stay in that city until the voting results are announced. But later, for undisclosed reasons, he returned to Ankara. Meanwhile, people are gathering near the…

Thus, Erdogan has 49.98% of votes, while his main rival, Kemal Kilicdaroglu of the opposition Republican People’s Party is scoring 44.23% of votes Turkish incumbent President Recep Tayyip Erdogan’s support at Sunday’s presidential polls has dropped below 50%, the Anadolu news agency said citing data from the Supreme Election Council after processing 91.1% of ballot boxes. Thus, Erdogan has 49.98% of votes, while his main rival, Kemal Kilicdaroglu of the opposition Republican People’s Party (CHP) is scoring 44.23% of votes. Sinan Ogan of the right-wing Ancestral Alliance has 5.32% In order to win, a candidate must secure at least 50%…

Of the counted ballots so far, the People’s Alliance has garnered 50.86% of the votes, which translates to nearly 326 seats in the national legislature. The People’s Alliance which is led by Erdogan’s Justice and Development Party (AKP), is projected to win more than half of the seats in the Grand National Assembly, according to the Anadolu state news agency. Of the counted ballots so far, the People’s Alliance has garnered 50.86% of the votes, which translates to nearly 325 seats in the national legislature. Meanwhile, the National Alliance has garnered 34.35% of the votes so far which translates to 215 seats…

According to the report, Ukrainian President will meet with German Chancellor Olaf Scholz and President Frank-Walter Steinmeier Ukrainian President Vladimir Zelensky said in a Twitter post early on Sunday that he had arrived to Germany’s capital Berlin. “Already in Berlin,” he wrote. Germany’s N-TV television news chanel reported earlier that the Ukrainian president was scheduled to visit the country on May 13. His plane was supposed to land in the military section of Berlin Brandenburg Airport Willy Brandt. According to the report, Zelensky will meet with German Chancellor Olaf Scholz and President Frank-Walter Steinmeier. After that, he will travel to the city…

The decision is scheduled to be finalized by G7 leaders at a summit in Hiroshima next week Group of Seven countries and the European Union plan to ban imports of Russian pipeline gas on the routes where Moscow previously cut supplies, the Financial Times reported on Sunday, citing a draft G7 statement. The decision is scheduled to be finalized by G7 leaders at a summit in Hiroshima next week and would prevent Russia from resuming its pipeline gas exports to countries such as Poland and Germany. Moscow’s gas supplies on these routes ground to a halt in 2022. Source: Tass