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Turkey steps up ties with Palestinian Authority

The Palestinian Authority (PA) and Turkey are boosting their ties in economic, investment and educational sectors, despite Turkey’s close relations with the rival Hamas movement. This raises a question about how Ankara will balance dealing with both parties. The Palestinian government approved Sept. 12 an agreement designed to encourage Turkish …

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Turkey’s financial crisis raises questions about China’s debt-driven development model

By James M. Dorsey   Financial injections by Qatar and possibly China may resolve Turkey’s immediate economic crisis, aggravated by a politics-driven trade war with the United States, but are unlikely to resolve the country’s structural problems, fuelled by President Recep Tayyip Erdogan’s counterintuitive interest rate theories. The latest crisis …

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Erdogan, Macron vow to foster trade ties

Turkish President Recep Tayyip Erdogan and his French counterpart Emmanuel Macron agreed in a phone call on Thursday to foster trade ties, a Turkish presidential source said, after the lira’s dramatic fall in the wake of escalating tensions with the US. “Both leaders emphasised the importance of fostering economic and …

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Qatar promises $15b investment in Turkey: presidency

Qatar pledged $15 billion (Dh55.09 billion) of investment in Turkey that will be channeled into Turkish financial markets and banks, a government source told Reuters yesterday. The investment package was announced after Qatar’s Emir Tamim Bin Hamad Al Thani met President Tayyip Erdogan in Ankara, as Turkey grapples with a …

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Erdogan to boycott iPhones

Turkish President Recep Tayyip Erdogan vowed to boycott American electronics, including Apple Inc.’s iPhone, as he retaliates against Donald Trump’s attempts to isolate his economy. After the US imposed sanctions on two Turkish ministers and amid growing domestic pressure from businesses and banks to contain a currency crisis, Erdogan said …

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Stocks rise as Turkish lira rebounds

Stocks rose on Tuesday as a rebound in the Turkish lira from an all-time low lifted investor sentiment. The Dow Jones Industrial Average rose 63 points, while the S&P 500 gained 0.3 percent. Both indexes were also on track to snap four-day losing streaks. The Nasdaq Composite gained 0.4 percent. …

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36 killed in explosion near Syrian-Turkish border

An explosion killed 36 people Sunday in the Syrian town of Sarmada, near the Turkish border, according to the White Helmets, a Syrian volunteer force. Women and children were among the dead, the United Kingdom-based Syrian Observatory of Human Rights reported. The group said the explosion took place at the …

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Ozil quits international football over ‘racism’

Mesut Ozil said Sunday he was quitting the German national football team, citing “racism” in the criticism of him in the side’s World Cup debacle. “It is with a heavy heart and after much consideration that because of recent events, I will no longer be playing for Germany at international …

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Turkey puts down roots in a corner of war-torn Syria

This pocket of northwestern Syria is starting to look a lot like neighboring Turkey. Many buildings bear signs in Turkish in addition to Arabic. Portraits of Turkish President Recep Tayyip Erdogan adorn public schools, where students learn Turkish as a second language instead of English or French. Three new hospitals …

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