Generated by All in One SEO Pro v4.9.10, this is an llms-full.txt file, used by LLMs to index the site.## Posts ### [Gulf Medical University Commences 2026–2027 Academic Year, Reinforcing Its Commitment to Excellence in Health Professions Education](https://turkbusinessnews.com/2026/09/09/gulf-medical-university-commences-2026-2027-academic-year-reinforcing-its-commitment-to-excellence-in-health-professions-education/) **Published:** September 9, 2026 **Author:** News Desk **Excerpt:** Gulf Medical University (GMU) officially commenced the 2026–2027 new academic year on Monday, August 31, welcoming students and faculty for another year of academic growth, innovation and advancement in health professions education. The opening of the academic year has seen… **Content:** Gulf Medical University (GMU) officially commenced the 2026–2027 new academic year on Monday, August 31, welcoming students and faculty for another year of academic growth, innovation and advancement in health professions education. The opening of the academic year has seen a strong influx of students onto campus, reflecting the high demand for GMU’s health professions programmes as new and returning learners begin the 2026–2027 academic year. **“As we welcome our students and faculty to 2026–2027, our focus remains firmly on advancing academic excellence, strengthening research and innovation, and preparing healthcare professionals who are equipped to meet the changing needs of communities locally and globally. Our recent international recognitions reaffirm the quality of the work being done across GMU, but they also set a higher benchmark for what we aspire to achieve,” said Prof. Manda Venkatramana, Chancellor of Gulf Medical University.** The new academic year marks the beginning of another phase in GMU’s continuing evolution as a leading medical and health sciences university in the UAE and the region. Founded in 1998 by Dr. Thumbay Moideen, Founder and President of Thumbay Group, GMU has grown into a comprehensive academic health system integrating education, healthcare and research. The start of the academic year was marked by meetings and interactions among the university leadership, deans and heads of its constituent colleges, setting the direction and priorities for the year ahead. Dr. Thumbay Moideen met with the colleges deans as part of the academic year opening, while the Vice Chancellor and college heads reviewed academic priorities and plans for the coming year. The 2026–2027 academic year will focus on strengthening advanced healthcare science and foundational medical education, while continuing GMU’s expansion in digital health, interdisciplinary learning, research and innovation. The university’s colleges continue to provide a multidisciplinary environment designed to prepare graduates for the evolving needs of global healthcare. The new academic year also begins following significant international recognition for GMU. In June 2026, the university was awarded institutional accreditation by the UK’s Quality Assurance Agency for Higher Education (QAA), following a comprehensive international quality review. The accreditation is valid until 2031, with the review confirming that GMU met all 10 European Standards and Guidelines for Quality Assurance in the European Higher Education Area, with no conditions. GMU has also strengthened its global standing in the Times Higher Education (THE) Sustainability Impact Rankings 2026, maintaining its position in the global 301–400 band while recording notable results across the United Nations Sustainable Development Goals. The university ranked 23rd globally for Reduced Inequalities, 60th for Quality Education and 64th for Good Health and Well-being. These achievements provide an important foundation as GMU enters the new academic year with a continued focus on academic quality, research, innovation, clinical education and social impact. As students return to campus and a new cohort begins its journey in health professions, the university remains focused on creating an environment where future healthcare professionals can learn, innovate and contribute meaningfully to the communities they serve. GMU now has seven colleges: Medicine, Dentistry, Health Sciences, Pharmacy, Nursing, Healthcare Management and Economics, and its newest addition, the Thumbay College of Management and AI in Healthcare. The numbers underscore its scale — 45 accredited programmes, over 5,000 graduates, and students from 111+ nationalities on campus, with faculty from 56 countries. Clinical training is extensive, with 3,100+ training beds across a network of 7 academic hospitals owned by Thumbay Group, plus partnerships with 75+ international universities. GMU is also the only private academic health system of its kind in the region, and was ranked 1st by Times Higher Education’s Impact Rankings for Good Health and Well-Being among UAE universities in 2025. From its beginnings as Gulf Medical College, the institution has evolved into a comprehensive university and academic health system spanning education, healthcare and research. GMU offers programmes across its constituent colleges and has built an international academic community with students from around the world. The post [Gulf Medical University Commences 2026–2027 Academic Year, Reinforcing Its Commitment to Excellence in Health Professions Education](https://menawirenow.com/2026/09/gulf-medical-university-commences-2026-2027-academic-year-reinforcing-its-commitment-to-excellence-in-health-professions-education/) first appeared on [MENAWireNOW](https://menawirenow.com). **Publishing Source::** [menawirenow.com](https://menawirenow.com/2026/09/gulf-medical-university-commences-2026-2027-academic-year-reinforcing-its-commitment-to-excellence-in-health-professions-education/?utm_source=rss&utm_medium=rss&utm_campaign=gulf-medical-university-commences-2026-2027-academic-year-reinforcing-its-commitment-to-excellence-in-health-professions-education) ![author avatar](https://secure.gravatar.com/avatar/4e3a45e03c0bce69b866fb10b522d054c74b2afa03adaeb29a3148d4aadd366e?s=300&d=mm&r=g) News Desk [See Full Bio](https://turkbusinessnews.com/author/news-desk/) [ ](https://turkbusinessnews.com/author/news-desk/) **Categories:** Press Release --- ### [Cultural Heritage and Authentic Artistic Expression Fortify Saudi Intellectual Security, Riyadh Forum Hears](https://turkbusinessnews.com/2026/09/09/saudi-arabia-intellectual-security-culture-arts-riyadh-conference/) **Published:** September 9, 2026 **Author:** Samridhi Puri **Content:** Expression and preservation of culture provide a very important wall of defence in protecting national identity and ensuring that there is no threat to the intellectual security of society from outside forces, stated cultural figures and experts in their respective fields during the last day of the Security and History Dialogue Conference in Saudi Arabia’s capital city. Princess Haifa bint Abdulmohsen bin Abdulaziz Al‑Saud spoke at a panel discussion called “Culture and Arts and Strengthening Intellectual Security”. She is the director of development and partnerships at the Arabian Society for Culture and Arts. She stated that cultural preservation and memory must be treated as an institutional responsibility, not as an optional priority. Cultural preservation is not a side not. It is a core duty that must be upheld by every institution. She emphasised that cultural organisations play an irreplaceable role in shaping public consciousness and transmitting core national values to coming generations. The forum examined how domestic creative platforms—spanning local theatre, cinema, and fine arts—act as crucial channels for reinforcing collective thought and national belonging. Panellists strongly rejected the idea that cultural confidence hinders global engagement. Instead, speakers asserted that a firm foundation in Saudi heritage equips citizens to participate more effectively in international dialogue. ![](https://turkbusinessnews.com/wp-content/uploads/2026/09/185-1024x737.jpg "185 -")Distinguished speakers noted that true cultural universality stems from authentic local roots rather than imitating foreign artistic trends. Global audiences, experts observed, seek out original narratives that genuinely reflect the unique social fabric and historical trajectory of the Kingdom. Expanding Saudi theatrical and cinematic productions was highlighted as a priority to communicate the nation’s rich heritage on both regional and international stages. Panellists further emphasised that institutional responsibility extends beyond physically cataloguing archives. Cultural entities must actively bridge historical knowledge and society by converting historical records into dynamic, accessible creative works. Highlighting historical figures, traditional villages, and social history through dramatic storytelling creates immersive experiences that resonate deeply with diverse segments of the population. By translating historical milestones and national security achievements into engaging visual media and performance arts, the Kingdom continues to cultivate civic pride. As the three-day conference organised by the Ministry of Interior concluded at the Cultural Palace in Riyadh’s Diplomatic Quarter, speakers reiterated that safeguarding artistic expression ultimately protects the collective memory, sovereignty, and intellectual resilience of the nation. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** National **Tags:** culturalheritage, saudiarabia --- ### [Saudi Coalition Vows Resolute Counterstrike as Houthi Cross-Border Raids Injure 73](https://turkbusinessnews.com/2026/09/08/saudi-coalition-vows-resolute-counterstrike/) **Published:** September 8, 2026 **Author:** Samridhi Puri **Content:** The latest round of cross-border attacks by the Yemen-based Iran-allied Houthi rebel force has left 73 civilians wounded in southern Saudi Arabia, pushing the Saudi-led military coalition to announce firm retaliation against the attacks. Saudi Coalition Vows Resolute Counterstrike Turki al-Maliki, who serves as the spokesman for the coalition, said that the air raids were aimed at civilian targets and critical economic facilities. These air raids took place in several places in four vital southern cities – Abha, Khamis Mushait, Jazan, and Najran. Women and children, among others have been left injured in these residential and business areas, and emergency teams have quickly rushed to these sites to take the injured to hospitals. Labelling the offensive a dangerous breach of national sovereignty, the military spokesperson condemned the deliberate targeting of non-combatant populations and civilian assets. Official military statements emphasised that the cross-border strikes represent a severe infringement upon international humanitarian laws governing armed conflict. Furthermore, defence analysts noted that targeting non-military infrastructure exposes the reckless nature of the group’s ongoing campaign, which directly threatens regional trade routes and civilian flight corridors across the Arabian Peninsula. ![Saudi Coalition Vows Resolute Counterstrike](https://turkbusinessnews.com/wp-content/uploads/2026/09/184-1024x737.jpg "Saudi Coalition Vows Resolute Counterstrike -")Saudi Coalition Vows Resolute CounterstrikeIn response to the heightened hostilities, joint coalition forces announced plans to implement comprehensive military procedures aimed at neutralising the source of the aerial threats. Strategic command stressed that all necessary operational steps will be deployed to deter militia aggression, protect local communities, and safeguard critical national infrastructure. Tactical units have already intensified air patrols and surveillance over launching sites to intercept subsequent airborne devices before reaching border regions. The recent offensive marks a sharp intensification in regional tensions, disturbing a period of relative calm along the Saudi-Yemeni border. The Houthi militia has repeatedly utilised unmanned explosive drones and ballistic missiles against commercial hubs, urban neighbourhoods, and energy infrastructure across southern Saudi Arabia since the coalition intervened in Yemen in 2015 to restore the internationally recognised government. Civil protection agencies in the southern provinces have reaffirmed that emergency management systems are operating at full capacity to monitor further airspace developments. Meanwhile, coalition leadership reiterated that defence forces remain fully prepared to preserve regional stability, asserting that acts endangering Saudi residents will face an uncompromising defensive response designed to restore security along the nation’s southern frontier. [Turk Business News](https://turkbusinessnews.com/) ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** National **Tags:** houthiattack, saudiarabia --- ### [HKC, KOORUI and ANTGAMER Earn Five Honors for Display Innovation at IFA 2026](https://turkbusinessnews.com/2026/09/07/hkc-koorui-and-antgamer-earn-five-honors-for-display-innovation-at-ifa-2026/) **Published:** September 7, 2026 **Author:** News Desk **Excerpt:** BERLIN — HKC, KOORUI and ANTGAMER received five honors across two awards programs during IFA 2026, recognizing advances in display technology and product innovation. At the 2026 Global Product Technology Innovation Awards, HKC received the Advanced Display Technology Brand Award,… **Content:** BERLIN — HKC, KOORUI and ANTGAMER received five honors across two awards programs during IFA 2026, recognizing advances in display technology and product innovation. At the 2026 Global Product Technology Innovation Awards, HKC received the Advanced Display Technology Brand Award, while KOORUI received the Innovative Monitor Brand Award. Separately, the HKC Shield C83U60, ANTGAMER ANT275PQ Ultra and ANTGAMER ANT25ASF were named Honorees in the Best in Computing & Gaming category of the official IFA Innovation Awards 2026. According to HKC, the Shield C83U60 is the world’s first 83.4-inch 12K ultrawide curved monitor. Its expansive, curved screen is designed for professional content creation, immersive entertainment and multi-window productivity. ANTGAMER describes its 27-inch ANT275PQ Ultra as the world’s first dual-mode 1080Hz HMO gaming monitor. Featuring high-mobility oxide technology, it supports QHD at 540Hz and HD at 1080Hz, with a 1ms gray-to-gray response time. The 24.1-inch ANT25ASF delivers FHD at 1000Hz and a 0.8ms gray-to-gray response time for competitive first-person shooter (FPS) gaming. ANTGAMER describes it as the world’s first native 1000Hz Fast TN gaming monitor. It was also selected for a special showcase at IFA. Since the show opened, the products have attracted media representatives, industry partners and visitors to Booth H22-111 for live demonstrations and technical discussions. Under the theme “IMMERSIVE VISION, INSTANT RESPONSE,” the three brands will continue showcasing their latest display innovations at Messe Berlin through September 8. Visitors are invited to explore the featured products and the brands’ broader display lineup at Booth H22-111. **Contacts** HKC: Oversea-sales@hkcdisplay.com KOORUI: sales@koorui.com ANTGAMER: sales@antgamer.net **Websites** HKC: hkcglobal.net KOORUI: koorui.com ANTGAMER: antgamer.net ***Syndication Notice:** This press release is syndicated from the [original source](https://www.globenewswire.com/news-release/2026/09/08/3357285/0/en/hkc-koorui-and-antgamer-earn-five-honors-for-display-innovation-at-ifa-2026.html) for informational purposes. We do not claim ownership of the content. All copyrights, trademarks, images, and other intellectual property remain the property of their respective owners.* The post [HKC, KOORUI and ANTGAMER Earn Five Honors for Display Innovation at IFA 2026](https://menawirenow.com/2026/09/hkc-koorui-and-antgamer-earn-five-honors-for-display-innovation-at-ifa-2026/) first appeared on [MENAWireNOW](https://menawirenow.com). **Publishing Source::** [menawirenow.com](https://menawirenow.com/2026/09/hkc-koorui-and-antgamer-earn-five-honors-for-display-innovation-at-ifa-2026/?utm_source=rss&utm_medium=rss&utm_campaign=hkc-koorui-and-antgamer-earn-five-honors-for-display-innovation-at-ifa-2026) ![author avatar](https://secure.gravatar.com/avatar/4e3a45e03c0bce69b866fb10b522d054c74b2afa03adaeb29a3148d4aadd366e?s=300&d=mm&r=g) News Desk [See Full Bio](https://turkbusinessnews.com/author/news-desk/) [ ](https://turkbusinessnews.com/author/news-desk/) **Categories:** Press Release --- ### [ASUS Launches K-12 EmpowerED Hardware Grant](https://turkbusinessnews.com/2026/09/08/asus-launches-k-12-empowered-hardware-grant/) **Published:** September 8, 2026 **Author:** News Desk **Excerpt:** Applications now open: Four winning schools will receive a fully equipped ASUS tech lab for STEM, AI, Media, Digital Creativity and Esports Fremont, CA — ASUS is now accepting applications for its new EmpowerED Hardware Grant Program, designed to outfit up to… **Content:** **Applications now open: Four winning schools will receive a fully equipped ASUS tech lab for STEM, AI, Media, Digital Creativity and Esports** Fremont, CA — ASUS is now accepting applications for its new EmpowerED Hardware Grant Program, designed to outfit up to four U.S. K-12 schools with complete, 12-station technology labs. Each selected school will receive professional-grade ASUS desktops or laptops alongside dedicated peripherals tailored to one of four focus areas: AI/STEM, Gaming/Esports, Media & Digital Creativity, or Robotics. “Our goal with the EmpowerED Hardware Grant Program is to remove the technology barriers holding back great ideas,” said Shawn Chang, General Manager of ASUS North America. “By delivering complete, high-performance hardware directly to classrooms, we are helping educators create modern spaces where students can innovate and thrive.” **Empowering Visionary Projects in K-12 Classrooms** Great educators do not lack vision, rather they often lack the hardware needed to bring big ideas to life. The ASUS EmpowerED Hardware Grant Program solves this challenge by delivering complete and turn-key technology packages directly to forward-thinking K-12 institutions. Instead of providing general funding, ASUS equips schools with everything required to turn ambitious and hands-on learning concepts into active programs. Each winning school will be provided high-performance notebook or desktop configurations. These devices include a full suite of ASUS peripherals to outfit up to 12 student stations. The program concentrates on four high-impact disciplines: · **AI/STEM Labs:** Deliver the computing power needed to explore artificial intelligence, data science, and emerging technologies. · **Gaming/Esports Labs:** Support competitive and industry-standard programs that build teamwork, strategy, and technical skills. · **Media & Digital Creativity Labs:** Provide professional-grade tools for digital storytelling, graphic design, and content creation. · **Robotics Labs:** Supply the reliable hardware required to design, build, and program complex engineering projects. Through this initiative, ASUS aims to empower visionary educators. ASUS works alongside institutions to build modern spaces where students can innovate, collaborate, and thrive. **Who Can Apply** The EmpowerED Hardware Grant Program is open to all U.S. K-12 schools and districts, including specialized K-12 labs. Applicants are asked to share their vision for how they would use the equipment to power their program. Selected schools will partner with ASUS on a co-branded case study, marketing materials, and a live event, putting their program in front of ASUS’s national audience. **How to Apply** Applications for the EmpowerED Hardware Grant Program open on September 7 and close on October 16. ASUS will select the four partner schools by November 16, with project kickoff taking place between November and December. Schools can apply and learn more at us.asus.click/GrantProgramSite. **Press Contacts** asuspr\_usa@asus.com **About ASUS** ASUS is an innovative technology leader delivering the world’s most comprehensive AI solutions across Infrastructure, Physical AI, AI PC/Devices, and Engineering the AI Advantage. Guided by its “Ubiquitous AI. Incredible Possibilities” strategy, ASUS is bringing enterprise-to-edge AI to life. The ASUS portfolio also includes the ROG and ProArt sub-brands, which serve gamers and creators worldwide. **Press Inquiries** Anthony Spence asuspr\_usa \[at\] asus.com 48720 Kato Road | Fremont, CA 94538 ***Syndication Notice:** This press release is syndicated from the [original source](https://www.globenewswire.com/news-release/2026/09/08/3357298/0/en/asus-launches-k-12-empowered-hardware-grant.html) for informational purposes. We do not claim ownership of the content. All copyrights, trademarks, images, and other intellectual property remain the property of their respective owners.* The post [ASUS Launches K-12 EmpowerED Hardware Grant](https://menawirenow.com/2026/09/asus-launches-k-12-empowered-hardware-grant/) first appeared on [MENAWireNOW](https://menawirenow.com). **Publishing Source::** [menawirenow.com](https://menawirenow.com/2026/09/asus-launches-k-12-empowered-hardware-grant/?utm_source=rss&utm_medium=rss&utm_campaign=asus-launches-k-12-empowered-hardware-grant) ![author avatar](https://secure.gravatar.com/avatar/4e3a45e03c0bce69b866fb10b522d054c74b2afa03adaeb29a3148d4aadd366e?s=300&d=mm&r=g) News Desk [See Full Bio](https://turkbusinessnews.com/author/news-desk/) [ ](https://turkbusinessnews.com/author/news-desk/) **Categories:** Press Release --- ### [Riyadh to Host Landmark Ninth Global Health Exhibition as Saudi Arabia Accelerates Medical Investments](https://turkbusinessnews.com/2026/09/07/global-health-exhibition-riyadh/) **Published:** September 7, 2026 **Author:** Samridhi Puri **Content:** Saudi Arabia will host the edition of the Global Health Exhibition from October 26 to 29 at the Riyadh Exhibition and Convention Center in Malham. The event is guided by the theme “Invest in Health”. The Kingdom is demonstrating how it is fast becoming a centre for technology, biotechnology, and digital health in the Middle East region. **Global Health Exhibition Riyadh** The event will be hosted by the Ministry of Health of Saudi Arabia. The event is sponsored by the Health Sector Transformation Program, which is an important pillar of Saudi Vision 2030. In four days, more than 130,000 healthcare experts, government officials, and corporate leaders are expected to grace the occasion.The Global Health Exhibition continues to remain a forum for sharing and forming partnerships in the field of health. The extensive trade showcase will feature over 2,200 regional and international brands, 1,000 venture capitalists and institutional investors, and 500 expert speakers spanning more than 100 countries. Furthermore, clinical practitioners and researchers attending the convention will gain access to 120 hours of accredited continuing medical education programming. ![Global Health Exhibition Riyadh](https://turkbusinessnews.com/wp-content/uploads/2026/09/181-1-1024x737.jpg "Global Health Exhibition Riyadh -")Global Health Exhibition RiyadhThe upcoming gathering builds directly upon extraordinary commercial momentum generated during previous iterations. The prior edition witnessed landmark institutional agreements and private investment commitments exceeding SAR 133 billion ($35.4 billion), driven by a sixfold surge in private-sector commercial deals and a 54 per cent rise in foreign delegate attendance. This year’s conference will feature specialised leadership tracks, including the Leaders Summit, the Investors Forum, and the Digital Health Forum, showcasing breakthroughs in artificial intelligence diagnostics, genomic medicine, pharmaceuticals, specialised care, and next-generation medical equipment. Delivered through strategic joint partnerships involving Informa PLC, Tahaluf, the Saudi Federation for Cybersecurity, Programming and Drones, and the Events Investment Fund, the exhibition serves as a critical engine for foreign direct investment. By rapidly expanding modern health infrastructure, localising pharmaceutical manufacturing, and cultivating high-impact public-private partnerships, Saudi Arabia continues to overhaul its domestic health ecosystem while capturing a dominant share of the expanding regional life sciences market. [Turk Business News ](https://turkbusinessnews.com/) ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** National **Tags:** globalhealthexhibition, medicalinvestment --- ### [Gemcorp Joins AIM Congress 2026 as Gold Partner Advancing Investment Across Emerging Markets](https://turkbusinessnews.com/2026/09/05/gemcorp-joins-aim-congress-2026-as-gold-partner-advancing-investment-across-emerging-markets/) **Published:** September 5, 2026 **Author:** News Desk **Excerpt:** DUBAI, United Arab Emirates — Gemcorp, a financial industrial platform focused on emerging markets, participates as a Gold Partner of AIM Congress 2026, presenting an integrated investment model that combines capital markets expertise with the operational capabilities required to deliver… **Content:** DUBAI, United Arab Emirates — Gemcorp, a financial industrial platform focused on emerging markets, participates as a Gold Partner of AIM Congress 2026, presenting an integrated investment model that combines capital markets expertise with the operational capabilities required to deliver complex projects on the ground. At AIM Congress, Gemcorp showcases capabilities across three principal areas: regulated asset management in private markets; commodities trading, procurement, logistics, and supply chain management; and infrastructure delivery and operations. Together, these capabilities position the Group at the intersection of capital and implementation. The company’s platform combines the private markets expertise of Gemcorp Capital with the industrial and operational capabilities of Imbono. This integrated approach enables the Group to finance, execute, and operate large scale projects spanning energy, water, food security, logistics, and social infrastructure. While risk in emerging markets is often associated with economic fundamentals, Gemcorp views complexity, including execution challenges, market access, and coordination between stakeholders, as a central factor influencing investment outcomes. Its model addresses these challenges through local relationships, partnerships with sovereign entities and key institutions, and active operational oversight throughout the investment lifecycle. Since 2014, the Group has invested more than US$9 billion across over 25 countries, originating, structuring, and executing investments designed to address essential economic and infrastructure needs. Its participation at the Congress highlights how investors can move beyond financing to manage execution risk, navigate market complexity, and translate capital into measurable outcomes. Its portfolio includes investments and partnerships involving Banco de Negócios Internacional, the Cabinda Oil Refinery joint venture with Sonangol, Osprey Renewables, and infrastructure vehicles developed with Angola’s sovereign wealth fund, FSDEA. Gemcorp has also completed a senior secured direct lending facility for Bab Al Wasal Group, marking its first private capital deployment in the UAE and an important milestone in the development of its Middle East franchise. Through Imbono, the Group is pursuing a broader mission to improve lives through investments in essential infrastructure, supported by an international team comprising professionals from 32 countries who collectively speak 24 languages. Alongside this, Kuena serves as the Group’s social-impact platform, driving community-focused initiatives across health, education, environment and financial inclusion in the markets where Gemcorp operates. Gemcorp’s Gold Partnership reflects AIM Congress’ role in connecting international capital with credible opportunities and investment models capable of creating lasting economic and social value. The collaboration will contribute to discussions on emerging markets, infrastructure investment, risk management, and the importance of combining financial capacity with operational delivery. Its proposition is grounded in a clear principle: investment should extend beyond financing to deliver tangible outcomes. Media Contact Marina Mounir William marina.mounir@strategicinfinity.com ***Syndication Notice:** This press release is syndicated from the [original source](https://www.globenewswire.com/news-release/2026/09/05/3356865/0/en/gemcorp-joins-aim-congress-2026-as-gold-partner-advancing-investment-across-emerging-markets.html) for informational purposes. We do not claim ownership of the content. All copyrights, trademarks, images, and other intellectual property remain the property of their respective owners.* The post [Gemcorp Joins AIM Congress 2026 as Gold Partner Advancing Investment Across Emerging Markets](https://menawirenow.com/2026/09/gemcorp-joins-aim-congress-2026/) first appeared on [MENAWireNOW](https://menawirenow.com). **Publishing Source::** [menawirenow.com](https://menawirenow.com/2026/09/gemcorp-joins-aim-congress-2026/?utm_source=rss&utm_medium=rss&utm_campaign=gemcorp-joins-aim-congress-2026) ![author avatar](https://secure.gravatar.com/avatar/4e3a45e03c0bce69b866fb10b522d054c74b2afa03adaeb29a3148d4aadd366e?s=300&d=mm&r=g) News Desk [See Full Bio](https://turkbusinessnews.com/author/news-desk/) [ ](https://turkbusinessnews.com/author/news-desk/) **Categories:** Press Release --- ### [Infrastructure the Digital Economy Cannot Replace: US Capital Global Securities Announces $41 Million Offering for Willamette Intermodal Group](https://turkbusinessnews.com/2026/09/06/infrastructure-the-digital-economy-cannot-replace-us-capital-global-securities-announces-41-million-offering-for-willamette-intermodal-group/) **Published:** September 6, 2026 **Author:** News Desk **Excerpt:** Explore an investment opportunity in Willamette Intermodal Group, developer of the Oregon Port of Willamette, a shovel-ready inland intermodal rail facility designed to transform freight movement across Oregon’s Willamette Valley. San Francisco, California, USA — US Capital Global Securities LLC,… **Content:** **Explore an investment opportunity in Willamette Intermodal Group, developer of the Oregon Port of Willamette, a shovel-ready inland intermodal rail facility designed to transform freight movement across Oregon’s Willamette Valley.** San Francisco, California, USA — US Capital Global Securities LLC, the SEC-registered broker-dealer affiliate of the global financial group US Capital Global, is pleased to present eligible investors with the opportunity to participate in a $41 million convertible note offering for Willamette Intermodal Group, LLC (the “Company”), doing business as Oregon Port of Willamette. Willamette Intermodal Group is developing a major inland intermodal rail transfer facility near Woodburn, Oregon, strategically located in the Mid-Willamette Valley between Portland and Salem. The project is designed to provide agricultural exporters, manufacturers, retailers, and other regional shippers with a rail-based alternative to long-haul trucking to the ports of Seattle and Tacoma, helping address congestion, driver shortages, restricted terminal hours, container availability, and rising transportation costs. The Oregon Port of Willamette is planned across approximately 290 acres in Phase One, with roughly 400 acres under option. The facility is designed with two 8,000-foot dual tracks and initial capacity for up to 150,000 containers annually, scalable to approximately 300,000 containers. Revenue is expected to be generated from intermodal handling, storage, container repair, transloading, cross-docking, and municipal solid waste transport. The project addresses a significant infrastructure gap in the Pacific Northwest. Oregon exporters currently move much of their containerized freight approximately 225–250 miles by truck to the Ports of Seattle and Tacoma, while the Portland region’s existing rail-served container capacity remains constrained. The site is fully entitled, permit-ready, and contractor-ready, with construction expected to take approximately nine to twelve months. “Our objective is to create a modern transportation gateway for the Willamette Valley that gives regional businesses a more efficient and reliable connection to national and international markets,” said Stew Stone, Development Director of Willamette Intermodal Group. “Oregon’s agricultural exporters and other shippers have long depended heavily on trucking freight hundreds of miles to reach major container ports. The Oregon Port of Willamette is being developed to provide an alternative built around rail efficiency, strategic location, and long-term infrastructure.” “Willamette Intermodal Group represents an opportunity to participate in the development of strategically located transportation infrastructure serving a substantial regional freight market,” said Charles Towle, CEO of US Capital Global Securities LLC. “The project combines a shovel-ready site, established rail relationships, significant shipper interest, and physical infrastructure that would be difficult and time-consuming to replicate. We are pleased to be assisting Willamette Intermodal Group with this financing and invite eligible investors to learn more about the opportunity.” **About Willamette Intermodal Group** Willamette Intermodal Group, LLC, doing business as Oregon Port of Willamette, is developing an inland intermodal rail facility near Woodburn, Oregon. Designed to serve agricultural exporters, manufacturers, retailers, third-party logistics providers, and other regional shippers, the project seeks to shift freight from long-haul trucking to rail while improving transportation efficiency, reliability, and access to major Pacific Northwest ports. The planned facility will offer intermodal handling, storage, container repair, transloading, cross-docking, and related logistics services. **About US Capital Global** US Capital Global Securities LLC (“USCGS”) serves as the FINRA-member broker-dealer division of US Capital Global, specializing in facilitating growth-stage investments. Since 1998, US Capital Global has been dedicated to providing lower middle market businesses and investors with sophisticated investment opportunities. For further details about this investment opportunity, contact Ish Spencer, Managing Director and Partner, at ish@uscapital.com. *Disclaimer: USCGS or its affiliates may provide advice to, be compensated by, have other business relationships with, or may from time to time acquire, hold, or sell a position in the securities of the issuers mentioned herein. Any offer or solicitation shall be made only pursuant to the confidential private placement memorandum. View USCGS’ Form CRS at www.uscapglobalsecurities.com/crs.html.* ***Syndication Notice:** This press release is syndicated from the [original source](https://www.globenewswire.com/news-release/2026/09/07/3356939/0/en/infrastructure-the-digital-economy-cannot-replace-us-capital-global-securities-announces-41-million-offering-for-willamette-intermodal-group.html) for informational purposes. We do not claim ownership of the content. All copyrights, trademarks, images, and other intellectual property remain the property of their respective owners.* The post [Infrastructure the Digital Economy Cannot Replace: US Capital Global Securities Announces $41 Million Offering for Willamette Intermodal Group](https://menawirenow.com/2026/09/infrastructure-the-digital-economy-cannot-replace/) first appeared on [MENAWireNOW](https://menawirenow.com). **Publishing Source::** [menawirenow.com](https://menawirenow.com/2026/09/infrastructure-the-digital-economy-cannot-replace/?utm_source=rss&utm_medium=rss&utm_campaign=infrastructure-the-digital-economy-cannot-replace) ![author avatar](https://secure.gravatar.com/avatar/4e3a45e03c0bce69b866fb10b522d054c74b2afa03adaeb29a3148d4aadd366e?s=300&d=mm&r=g) News Desk [See Full Bio](https://turkbusinessnews.com/author/news-desk/) [ ](https://turkbusinessnews.com/author/news-desk/) **Categories:** Press Release --- ### [Qassim Launches 10-Day Madraj Camel Auction to Boost Regional Heritage and Trade](https://turkbusinessnews.com/2026/09/04/lelang-unta-madraj/) **Published:** September 4, 2026 **Author:** Samridhi Puri **Content:** There was an important [10-day-long event related](https://turkbusinessnews.com/) to livestock trading as well as culture that began in the central region of Saudi Arabia on Wednesday with the inauguration of the official Madraj Camel Auction at the Madraj Center located in Qassim Province. This commercial event has been organised by the Shari Municipality and is overseen on behalf of the Qassim Region. It is under direct supervision of Prince Faisal bin Mishaal, the governor of Qassim Region. As per news reports by the Saudi Press Agency, the Secretariat of Camel Auctions is overseeing this event. The event aims to modernise traditional livestock commerce across the Kingdom by pairing traditional transactional sales with specialised community spaces and public facilities. Site preparations undertaken before the event include dedicated trading arenas, display zones for local craftspeople and agricultural producers, and a full-service hospitality tent designed to accommodate high volumes of visitors, breeders, and commercial buyers throughout the event window. ![Desert market with traditional tents, warm string lights, and men in white robes chatting at a low table; camels and others in the background at dusk.](https://turkbusinessnews.com/wp-content/uploads/2026/09/179-1024x737.jpg "Lelang Unta Madraj -")Lelang Unta MadrajSpokesperson for the Qassim Region Municipality, Naif Al-Nafie, highlighted that extensive cross-departmental coordination was established to raise operational standards well beyond conventional livestock market formats. He emphasised that the collaborative framework among municipal and regional authorities provides a supportive, integrated environment tailored to both high-volume commercial traders and general cultural tourists. Al-Nafie further explained that the combined efforts of multiple participating public entities in organising the venue and delivering logistical support services reflect a sophisticated level of institutional cooperation. This multi-agency strategy ensures that the infrastructure remains fully equipped to serve camel owners, market participants, and visitors simultaneously, cementing the area’s growing reputation as a flagship location for regional livestock commerce. Beyond serving as a primary marketplace for livestock sales and competitive bidding, the gathering reflects a growing effort across Saudi Arabia’s administrative districts to transform historical regional practices into structured economic, social, and cultural showcases. The Madraj initiative falls directly under the strategic directives of the regional Camel Auctions Secretariat, which continues to refine auction logistics while highlighting the heritage value of camels in Saudi Arabia’s rural and national economies. These structural upgrades align with broader efforts across the Kingdom to support local commerce and preserve indigenous traditions through modern organisational frameworks. By integrating public services, hospitality, and local enterprise into a single venue, the Madraj event serves as a template for future agricultural and livestock gatherings in the central region, boosting local economic participation while celebrating deeply rooted Saudi heritage. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** Other **Tags:** camelauction, saudiarabia --- ### [SOUEAST and Red Bull Dance Your Style Unlock a New “Travel + Culture” Experience](https://turkbusinessnews.com/2026/09/04/soueast-and-red-bull-dance-your-style-unlock-a-new-travel-culture-experience/) **Published:** September 4, 2026 **Author:** News Desk **Excerpt:** KARAGANDA, Kazakhstan — The 2026 Red Bull Dance Your Style Kazakhstan National Final took place in Karaganda, bringing together 16 of the country’s top dancers for a series of freestyle dance battles. Set to music and rhythm, the dancers brought… **Content:** KARAGANDA, Kazakhstan — The 2026 Red Bull Dance Your Style Kazakhstan National Final took place in Karaganda, bringing together 16 of the country’s top dancers for a series of freestyle dance battles. Set to music and rhythm, the dancers brought their unique styles and energy to the floor, captivating the audience throughout the event. As an official sponsor, SOUEAST joined the event to connect with contemporary lifestyle and cultural trends, exploring new possibilities of “Travel + Culture”. As a globally recognized freestyle dance competition, Red Bull Dance Your Style attracts young audiences with its open and diverse cultural appeal. The individuality, energy and freedom of expression in street dance reflect the trendy lifestyles that today’s youth pursue. This resonates with SOUEAST’s “EASE YOUR LIFE” philosophy — encouraging people to explore the unknown with ease, experience different cultures along the way, and enjoy a relaxed, rewarding journey. At the event, the SOUEAST S06 drew attention with its bold design and powerful styling. As an Urban Stylish SUV designed for young urban users, the S06 meets their desire for self-expression and freedom to explore through its trendy appearance, versatile space and responsive performance. Its tiger-roar front face, R20-inch alloy wheels and LED interactive lights create a distinctive visual presence blending power and technology. Inside, the ultra-wide panoramic sunroof, integrated leather seats and 32 storage compartments enhance comfort and practicality for diverse mobility needs. Additionally, the S06’s 1.6T turbo engine, paired with a 7-speed dual-clutch transmission, forms an outstanding powertrain with smooth power delivery. With a maximum power of 145 kW, peak torque of 290 N·m, and rapid and seamless gear shifts enabled by the 7DCT transmission, the S06 delivers a balanced driving experience that combines dynamic performance with driving comfort. Through this collaboration, SOUEAST integrates its “Travel+” philosophy into contemporary youth culture through street dance, deepening its connection with consumers. Since entering Kazakhstan in April 2026, SOUEAST has continued to strengthen its localized operations. The brand now has 13 outlets across the country and is optimizing its network and service coverage in key cities including Almaty and Astana, providing local customers with greater convenience and choice. For more information about SOUEAST, please visit: Brand website: www.soueast-motor.com Facebook: Soueast Global Instagram: soueastglobal TikTok: soueastglobal Contact: **Wenquan Tang** PR Manager Email: business@soueast-motor.com ***Syndication Notice:** This press release is syndicated from the [original source](https://www.globenewswire.com/news-release/2026/09/04/3356392/0/en/soueast-and-red-bull-dance-your-style-unlock-a-new-travel-culture-experience.html) for informational purposes. We do not claim ownership of the content. All copyrights, trademarks, images, and other intellectual property remain the property of their respective owners.* The post [SOUEAST and Red Bull Dance Your Style Unlock a New “Travel + Culture” Experience](https://menawirenow.com/2026/09/soueast-and-red-bull-dance-your-style-unlock/) first appeared on [MENAWireNOW](https://menawirenow.com). **Publishing Source::** [menawirenow.com](https://menawirenow.com/2026/09/soueast-and-red-bull-dance-your-style-unlock/?utm_source=rss&utm_medium=rss&utm_campaign=soueast-and-red-bull-dance-your-style-unlock) ![author avatar](https://secure.gravatar.com/avatar/4e3a45e03c0bce69b866fb10b522d054c74b2afa03adaeb29a3148d4aadd366e?s=300&d=mm&r=g) News Desk [See Full Bio](https://turkbusinessnews.com/author/news-desk/) [ ](https://turkbusinessnews.com/author/news-desk/) **Categories:** Press Release --- ### [Saudi Arabia Launches 4 National Initiatives to Tackle Digital Well-Being](https://turkbusinessnews.com/2026/09/03/saudi-digital-well-being-initiatives/) **Published:** September 3, 2026 **Author:** Samridhi Puri **Content:** Saudi regulatory authorities and cultural institutions have launched four joint sustainability initiatives to evaluate and manage the impact of digital technology on public behavioural health and social development. The strategic rollout follows a formal memorandum of understanding established between the Communications, Space and Technology Commission (CST) and the King Abdulaziz Center for World Culture, widely known as Ithra. Operating directly under Ithra’s flagship digital well-being programme, Sync, the collaborative framework is designed to strengthen both national and international digital sustainability ecosystems. The joint initiatives aim to address the complex behavioural, physiological, and psychological consequences stemming from hyper-connectivity and excessive screen dependency across modern society. At the centre of the newly unveiled framework is a commitment to generating rigorous, data-driven academic research, specialised domain studies, and tailored educational curricula. These academic pillars will closely analyse technological consumption habits to better understand their wider societal implications. Furthermore, the programme incorporates collaborative international partnerships intended to deliver targeted educational workshops, foster regional knowledge exchange, and provide empirical evidence to assist Saudi policymakers in establishing modern digital governance standards. ![Saudi Digital Well-Being Initiatives](https://turkbusinessnews.com/wp-content/uploads/2026/09/177-1024x737.jpg "Saudi Digital Well-Being Initiatives -")Saudi Digital Well Being InitiativesThe national push coincides with rapid digital infrastructure expansion across the Kingdom. While high smartphone penetration rates, expanded digital public services, and rapid technological integration have significantly advanced national economic growth, officials emphasise that long-term social progress requires proactive digital hygiene and user safety. By establishing structured preventive frameworks, the CST and Ithra seek to promote responsible, balanced, and sustainable technology use across all demographic groups. The four new initiatives directly align with the strategic goals of Saudi Vision 2030, particularly those concerning societal health, human capital development, and quality of life enhancements. By prioritising evidence-based research alongside international public awareness campaigns, Saudi Arabia aims to establish a globally scalable benchmark for digital well-being that balances rapid technological transformation with human-centric social protections. The partnership also reinforces the Kingdom’s commitment to positioning human well-being at the heart of technological innovation. By fostering cross-sectoral collaboration between government regulators and cultural bodies, the initiative ensures that future digital policies actively mitigate digital fatigue while maximising the societal benefits of technology. As digital tools continue to permeate daily work and personal life, these structured interventions offer a proactive roadmap for sustaining long-term mental wellness and community resilience.[ Truk Business News ](https://turkbusinessnews.com/) ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** Technology **Tags:** 4nationalinitiatives, saudiarabia --- ### [PU Prime Launches Australian Operations under ASIC Licence](https://turkbusinessnews.com/2026/09/03/pu-prime-launches-australian-operations-under-asic-licence/) **Published:** September 3, 2026 **Author:** News Desk **Excerpt:** PU Prime officially launches operations in Australia through its ASIC-regulated local entity, PU Prime Trading Pty Ltd. With ASIC regulation and local operations in place, PU Prime is strengthening its presence and commitment to the Australian market. SYDNEY, Australia — PU… **Content:** - PU Prime officially launches operations in Australia through its ASIC-regulated local entity, PU Prime Trading Pty Ltd. - With ASIC regulation and local operations in place, PU Prime is strengthening its presence and commitment to the Australian market. SYDNEY, Australia — PU Prime, a global multi-licensed online brokerage, today announced the official launch of its operations in Australia through its local entity, PU Prime Trading Pty Ltd, regulated by the Australian Securities and Investments Commission (ASIC). *PU Prime Trading Pty Ltd holds Australian Financial Services Licence (AFSL) No. 410681* After obtaining its ASIC licence, PU Prime invested in the resources and infrastructure needed to support Australian clients, including local operations, a dedicated customer support team, and systems aligned with regulatory requirements. The launch reflects the company’s commitment to delivering a seamless and compliant trading experience in the Australian market. *“This launch marks the beginning of our long-term commitment to the Australian market. We will meet our obligations under the ASIC framework and deliver transparent and regulated services to our Australian clients,”* says **Mr Cristian Moreno, Director at PU Prime.** With the launch, Australian clients can now onboard directly through PU Prime’s ASIC-regulated entity, reinforcing the company’s commitment to operating within established regulatory frameworks while expanding access to its trading products and services. The milestone further strengthens PU Prime’s global regulatory footprint and long-term growth strategy. ***Important Notice:*** *Trading derivatives carries significant high risks. It is not suitable for all investors and if you are a wholesales client, you could lose substantially more than your initial investment. When trading CFDs, you do not own the underlying assets and have no rights to them. Past performance is no indication of future performance and tax laws are subject to change. Before acquiring any financial products, please ensure that you read the relevant legal documents and are fully aware of the associated risks.* **About PU Prime** Founded in 2015, PU Prime is a leading global fintech company and trusted CFD broker. Today, it offers regulated financial products across forex, commodities, indices, shares, and bonds. Operating in over 190 countries with more than 40 million app downloads, PU Prime provides innovative trading platforms to support traders worldwide in accessing global financial markets. PU Prime Trading Pty Ltd (AFSL No. 410681), is a separate legal entity incorporated in Australia and regulated by Australian Securities and Investments Commission (ASIC). PU Prime Trading Pty Ltd is the issuer of CFD products to Australian residents only. Any information provided is general in nature and does not take into account your personal objectives, financial situation or needs. The ASIC license held by PU Prime Trading Pty Ltd does not apply to, extent to, or cover any products or services offered by other PU Prime entities. References to PU Prime’s global brand, group presence or international operations are for general information only and should not be taken as an offer, invitation or recommendation by any offshore entity to provide financial products or services in Australia. ***Syndication Notice:** This press release is syndicated from the [original source](https://www.globenewswire.com/news-release/2026/09/03/3355637/0/en/pu-prime-launches-australian-operations-under-asic-licence.html) for informational purposes. We do not claim ownership of the content. All copyrights, trademarks, images, and other intellectual property remain the property of their respective owners.* The post [PU Prime Launches Australian Operations under ASIC Licence](https://menawirenow.com/2026/09/pu-prime-launches-australian-operations-under-asic-licence/) first appeared on [MENAWireNOW](https://menawirenow.com). **Publishing Source::** [menawirenow.com](https://menawirenow.com/2026/09/pu-prime-launches-australian-operations-under-asic-licence/?utm_source=rss&utm_medium=rss&utm_campaign=pu-prime-launches-australian-operations-under-asic-licence) ![author avatar](https://secure.gravatar.com/avatar/4e3a45e03c0bce69b866fb10b522d054c74b2afa03adaeb29a3148d4aadd366e?s=300&d=mm&r=g) News Desk [See Full Bio](https://turkbusinessnews.com/author/news-desk/) [ ](https://turkbusinessnews.com/author/news-desk/) **Categories:** Press Release --- ### [Jackaroo King Hosts Jordan Princess Championship for Women Players](https://turkbusinessnews.com/2026/09/01/jackaroo-king-hosts-jordan-princess-championship-for-women-players/) **Published:** September 1, 2026 **Author:** News Desk **Excerpt:** AMMAN, Jordan — Jackaroo King held its “Jordan Princess Championship” at The Dealer Cafe, bringing 16 women together in eight two-player teams on August 21. Competitors gathered onsite and played through the Jackaroo King app, while online players could enter… **Content:** AMMAN, Jordan — Jackaroo King held its “Jordan Princess Championship” at The Dealer Cafe, bringing 16 women together in eight two-player teams on August 21. Competitors gathered onsite and played through the Jackaroo King app, while online players could enter a dedicated tournament room to follow the matches and interact in real time. The tournament used a random draw followed by knockout rounds. Under classic Jackaroo rules, each pair had to read the board, plan piece movements, and adjust to changing situations. The format tested individual judgment while placing equal importance on communication, trust, and teamwork. Designed as a women-focused event, the championship offered Jordan’s female Jackaroo players a welcoming setting for competition and connection. Players moved from games with friends to an in-person tournament, sharing their enthusiasm for Jackaroo and highlighting women’s role in the local gaming community. The event also extended Jackaroo King’s online-to-offline social experience. The cafe gave players and friends a place to meet, while the in-app room allowed those unable to attend to watch the competition. Together, onsite gathering, digital play, and community interaction showed how a familiar board game can connect people. “Jackaroo is compelling not only because of strategy, but also because of the trust, communication, and companionship it creates between players,” said Yusuf, a representative of Jackaroo King. “Through the Jordan Princess Championship, we were pleased to give women a stage to demonstrate their skills, make friends, and share the joy of play. We will continue listening to different player communities and developing localized activities across the Middle East.”[ MenaWireNOW](https://menawirenow.com/) The Jordan Princess Championship represents another step in Jackaroo King’s work to strengthen local player communities. The game will continue exploring events built around classic gameplay, team competition, and social interaction, helping friends gather, take on challenges, and build meaningful connections. **About Jackaroo King** Operated by WEJOY PTE. LTD., Jackaroo King is a social board game rooted in classic Jackaroo rules. It combines real-time matches, private rooms, voice interaction, team competition, and localized tournaments. Guided by its mission, “Bring joy and friends to young people around the world,” Jackaroo King uses play to connect more players and communities. **Media Contact** Company: WEJOY PTE. LTD. Contact: Bryant Email: bryant@wejoysg.com Jackaroo King: https://www.jackarooapp.com/ WEJOY: ***Syndication Notice:** This press release is syndicated from the [original source](https://www.globenewswire.com/news-release/2026/09/02/3354798/0/en/jackaroo-king-hosts-jordan-princess-championship-for-women-players.html) for informational purposes. We do not claim ownership of the content. All copyrights, trademarks, images, and other intellectual property remain the property of their respective owners.* The post [Jackaroo King Hosts Jordan Princess Championship for Women Players](https://menawirenow.com/2026/09/jackaroo-king-hosts-jordan-princess-championship-for-women-players/) first appeared on [MENAWireNOW](https://menawirenow.com). **Publishing Source::** [menawirenow.com](https://menawirenow.com/2026/09/jackaroo-king-hosts-jordan-princess-championship-for-women-players/?utm_source=rss&utm_medium=rss&utm_campaign=jackaroo-king-hosts-jordan-princess-championship-for-women-players) ![author avatar](https://secure.gravatar.com/avatar/4e3a45e03c0bce69b866fb10b522d054c74b2afa03adaeb29a3148d4aadd366e?s=300&d=mm&r=g) News Desk [See Full Bio](https://turkbusinessnews.com/author/news-desk/) [ ](https://turkbusinessnews.com/author/news-desk/) **Categories:** Press Release --- ### [Levoit Brings Global Home-Living Innovation to IFA 2026, Giving Australians a Look at What’s Next](https://turkbusinessnews.com/2026/09/02/levoit-brings-global-home-living-innovation-to-ifa-2026-giving-australians-a-look-at-whats-next/) **Published:** September 2, 2026 **Author:** News Desk **Excerpt:** SYDNEY — Levoit, a global brand dedicated to making homes more comfortable through thoughtful technology and design, will join IFA 2026 in Berlin from September 4–8. At one of the world’s leading consumer electronics and home appliance trade shows, Levoit will… **Content:** SYDNEY — Levoit, a global brand dedicated to making homes more comfortable through thoughtful technology and design, will join IFA 2026 in Berlin from September 4–8. At one of the world’s leading consumer electronics and home appliance trade shows, Levoit will showcase its latest innovations and new product range, offering a global audience a glimpse into the future of comfortable, effortless home living. The appearance highlights Levoit’s growing presence in Australia and its international scale, with products available across global markets. Rather than asking consumers to adapt to technology, Levoit designs solutions that fit naturally into everyday life — helping people feel more comfortable, relaxed and at ease in their own homes. This year at IFA, Levoit will bring this philosophy to life through the concept **“A Home That Looks After You”** — where technology works quietly in the background to support everyday life. The showcase will feature new innovations across air care, home comfort and smart household solutions, alongside products already available to Australian consumers, including the Levoit Core 300S Smart HEPA Air Purifier and Tower Fans, designed to bring cleaner air, comfortable airflow and greater convenience into everyday spaces. Levoit’s participation is part of a broader global showcase from VeSync Group, the technology company behind a portfolio of smart-home and lifestyle brands. At IFA, VeSync will present its vision of **holistic wellness**, bringing together solutions that support different aspects of everyday wellbeing. Alongside Levoit, COSORI will showcase its latest kitchen innovations, demonstrating how technology can work across the home to support healthier, more comfortable lifestyles. For Australian consumers, IFA 2026 offers a first look at how this global vision is evolving — from products already available locally to new innovations that could shape what comes next for Australian homes. As Levoit continues to expand its global footprint, the brand remains committed to bringing innovations that help Australians live more comfortably, effortlessly and well. [MenaWireNOW](https://menawirenow.com/) **Visitors can find VeSync at Hall 4.1B, Booth 115.** **Media Contact** Levoit Marketing Team pr.au@vesync.com ***Syndication Notice:** This press release is syndicated from the* [original source](https://www.globenewswire.com/news-release/2026/08/31/3353749/0/en/levoit-brings-global-home-living-innovation-to-ifa-2026-giving-australians-a-look-at-what-s-next.html) *for informational purposes. We do not claim ownership of the content. All copyrights, trademarks, images, and other intellectual property remain the property of their respective owners.* The post [Levoit Brings Global Home-Living Innovation to IFA 2026, Giving Australians a Look at What’s Next](https://menawirenow.com/2026/09/levoit-brings-global-home-living-innovation-to-ifa-2026/) first appeared on [MENAWireNOW](https://menawirenow.com). **Publishing Source::** [menawirenow.com](https://menawirenow.com/2026/09/levoit-brings-global-home-living-innovation-to-ifa-2026/?utm_source=rss&utm_medium=rss&utm_campaign=levoit-brings-global-home-living-innovation-to-ifa-2026) ![author avatar](https://secure.gravatar.com/avatar/4e3a45e03c0bce69b866fb10b522d054c74b2afa03adaeb29a3148d4aadd366e?s=300&d=mm&r=g) News Desk [See Full Bio](https://turkbusinessnews.com/author/news-desk/) [ ](https://turkbusinessnews.com/author/news-desk/) **Categories:** Press Release --- ### [Saudi Ministry of Interior Unveils AI-Driven Security Ecosystem at LEAP 2026](https://turkbusinessnews.com/2026/09/02/saudi-ai-security-ecosystem-leap-2026/) **Published:** September 2, 2026 **Author:** Samridhi Puri **Content:** This integrated ecosystem of security solutions and applications of artificial intelligence and digital services has been showcased by the Saudi Ministry of Interior at its strategic participation at the LEAP 2026 technology expo in Malham, which is located in the vicinity of Riyadh. The opening of the pavilion of the ministry revealed how the Kingdom is moving towards becoming a smart security system rather than individual security systems in its command centres, on its public roads, and in its communities. The showcase provided by the ministry is a reflection of the bigger vision of Saudi Arabia of updating its security infrastructure through data analysis and digitalisation. Through transforming itself from being reactive in handling incidents into being more proactive in monitoring and surveilling potential threats, the country plans to enhance public safety and emergency response, among other goals. ![Saudi AI security ecosystem LEAP 2026](https://turkbusinessnews.com/wp-content/uploads/2026/09/175-1024x737.jpg "Saudi AI security ecosystem LEAP 2026 -")Saudi AI security ecosystem LEAP 2026At the heart of the exhibit is a comprehensive framework comprising six interconnected core systems: field security and safety, rapid response, traffic safety, security cameras, digital services, and institutional support. Together, these core pillars encompass 36 specialised projects and services. Field technologies featured prominently include autonomous surveillance drones, specialised explosive ordnance disposal robots, body-worn operational cameras, and the “Sprinter” mobile smart security checkpoint. Ministry officials noted that integrated artificial intelligence models now process continuous real-time data to extract actionable operational indicators, empowering field commanders and leadership to make accelerated, high-precision decisions during critical scenarios. Highlighting the scope of the Kingdom’s digital infrastructure, the ministry pointed to major advancements across its service platforms. Field personnel are actively leveraging platforms like “Maidan Companion” for dynamic situational awareness, alongside AI tools such as “Absher Companion”, which streamline automated transactions with high completion rates. Furthermore, public security branches showcased integrated data repositories for traffic accidents and violations, alongside micro-mobility solutions like electric scooters deployed for localised patrol duties. Ministry leadership emphasised that technological deployment ultimately centres on serving human needs, providing security personnel with enhanced tools while delivering streamlined, contactless services to the public. The official participation underscores the Kingdom’s drive to project an innovative, tech-forward security model capable of addressing evolving regional and global security challenges.[ Turk Business News ](https://turkbusinessnews.com/) ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** Technology **Tags:** AIdrivensecurity, saudiarabia --- ### [Mona Tougaard Fronts Tod’s Latest Campaign Celebrating Italian Heritage](https://turkbusinessnews.com/2026/09/01/mona-tougaard-fronts-tods-fall-winter-2026-campaign/) **Published:** September 1, 2026 **Author:** Samridhi Puri **Content:** > > > > Mona Tougaard, an international supermodel and one of the top models of our time, is the face of Tod’s latest Fall/Winter collection, playing a leading role in its narrative campaign called “Italian Stories”. The pictures were shot by the famous fashion photographer Alasdair McLellan in the northern Italian countryside at Villa San Martino. The photos reflect the series of private meetings taking place in typical Italian landscapes. The design is created under the supervision of designer Matteo Tamburini and combines the heritage tradition and new proportions of modern clothes. ![Woman in a tailored black pantsuit stands beside gold geometric panels, holding a small gray handbag in a modern showroom setting.](https://turkbusinessnews.com/wp-content/uploads/2026/09/173-1024x737.jpg "173 -")The visual campaign highlights several key design updates introduced by Tamburini for the upcoming season. Central to the showcase is the reinterpreted Di Bag, which takes on a structured bowling bag silhouette while retaining its classic calfskin finish. The house also spotlights the T Signature Bag, featuring sculptural geometry and customisable finishes tailored for individual preferences. Footwear developments include the hand-finished Metal Dots loafer, adorned with small gold studs along the heel, and the Red Dot Sneaker, a unisex urban design built with lightweight soles and elastic lacing. Among the ready-to-wear highlights is the Pashmy Bomber jacket, crafted from ultra-soft suede noted for its light feel and smooth texture. Tougaard’s inclusion in the campaign continues her strong trajectory across top-tier luxury advertising. Born in Denmark and possessing Danish, Somali, Ethiopian, and Turkish heritage, she entered international prominence after making her runway debut as a Prada exclusive in 2019. Since then, she has emerged as one of the fashion industry’s most sought-after faces, routinely headlining global campaigns and runway presentations for premier European fashion houses. By grounding its Fall/Winter offering in themes of warmth, domestic elegance, and unhurried living, Tod’s continues to reinforce its core “Made in Italy” identity. The campaign connects refined leisure apparel directly to the brand’s artisanal roots, demonstrating how traditional leather craftsmanship continues to shape contemporary luxury wardrobes. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** Other **Tags:** internationalmodel, monatougaard --- ### [Saudi Author Abdullah Nasser Earns Spot on 2026 Naguib Mahfouz Medal Shortlist](https://turkbusinessnews.com/2026/09/01/saudi-author-abdullah-nasser-naguib-mahfouz-medal-shortlist-2026/) **Published:** September 1, 2026 **Author:** Samridhi Puri **Content:** Popular Saudi writer Abdullah Nasser has made it to the list of six authors who have been nominated for the 2026 Naguib Mahfouz Medal Shortlist for Literature owing to his acclaimed book ‘This Is Not a Bullet’, published by Al Karma Publishers. The American University in Cairo (AUC) Press, responsible for conducting the annual awards, announced the shortlisted list of six books after a rigorous evaluation process. The renowned jury chose the shortlist from an enormous pool of 143 novels that were sent in from 23 different countries across the globe. Nasser has been chosen along with five other prominent regional writers. Egyptian novelists Ahmad Abdulatif (The Origin of the Species), Ganna Adel (Longa-Cairo Nuweiba), and Talal Faisal (An Old Egyptian Madness); Iraqi writer Inaam Kachachi (A Swiss Summer); and Palestinian author Mohamed Jubaiti (No Mail to Gaza). ![Naguib Mahfouz Medal Shortlist](https://turkbusinessnews.com/wp-content/uploads/2026/09/171-1024x737.jpg "Naguib Mahfouz Medal Shortlist -")Naguib Mahfouz Medal ShortlistChaired by Dr Hoda Elsadda, professor of English and comparative literature at Cairo University, this year’s independent jury comprises an array of literary scholars, cultural journalists, translators, and creative writers. Organisers emphasised that the 2026 shortlist captures an extraordinarily dynamic cross-section of modern Arabic narrative fiction. The selected works span diverse storytelling modes that examine complex historical memory, shifting contemporary social realities, and enduring human resilience across the Arab world. Nasser’s inclusion highlights the accelerating momentum and creative strength of Saudi Arabia’s modern literary movement. His shortlisted novel This Is Not a Bullet has earned widespread critical acclaim for its distinctive narrative voice, psychological depth, and stylistic precision. This milestone underscores how Saudi creative voices are increasingly gaining prominence, critical engagement, and readerships across the global literary landscape. First instituted in 1996, the Naguib Mahfouz Medal for Literature is widely regarded as one of the Arab world’s most prestigious honours for contemporary fiction. The prize explicitly celebrates outstanding contemporary Arabic novels that have not yet been published in English translation. The ultimate winner, who receives a $5,000 cash prize along with a formal contract for worldwide English translation and publication by AUC Press, will be officially declared during the formal ceremony on December 11, commemorating the birth anniversary of Egypt’s celebrated Nobel laureate Naguib Mahfouz [Turk Business News ](https://turkbusinessnews.com/) ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** Other **Tags:** abdullahnasser, saudiauthor --- ### [Flick Signals Reliance on Youth Prospect Hamza Abdelkarim Should Alvarez Transfer ](https://turkbusinessnews.com/2026/08/27/flick-links-hamza-abdelkarim-barcelona-future-alvarez-transfer-status/) **Published:** August 27, 2026 **Author:** Samridhi Puri **Content:** The head coach of FC Barcelona, Hansi Flick, has strongly suggested that the Catalan outfit could close the summer transfer window without signing a star striker in case their attempt to sign Argentine striker Julián Álvarez from Atlético Madrid does not come to fruition prior to the transfer deadline. While speaking at a pre-match press conference before the La Liga clash between Barcelona and Athletic Bilbao, the German tactician replied to the media queries concerning the club’s need for reinforcements in attack. As it was mentioned earlier, the recent exit of the club’s star striker Robert Lewandowski as well as of another attacking player, Ferran Torres, during the summer period has raised a number of questions. However, with Atlético Madrid maintaining a firm stance on their financial demands, Flick made it clear that the coaching staff is prepared to navigate the season using internal roster solutions. ![FC Barcelona crest beside a soccer ball, symbolizing football branding and team identity](https://turkbusinessnews.com/wp-content/uploads/2026/08/170-1024x737.jpg "170 -")Central to Flick’s alternative plan is 18-year-old Egyptian prospect Hamza Abdelkarim. Having originally joined the club from Cairo giants Al Ahly, Abdelkarim delivered impressive performances during Barcelona’s pre-season tour, scoring four goals in friendly matches and demonstrating strong tactical intelligence in central attacking areas. In recognition of his development, Barcelona has officially registered Abdelkarim with the first-team squad for the 2026–27 La Liga campaign, assigning him the No. 29 jersey. Flick emphasised that while every manager desires elite reinforcements, long-term operational stability and squad balance must take precedence over reactionary market moves. He expressed complete trust in Deco’s sporting management, noting that the club must focus on building a sustainable structure for the next three to five years rather than focusing exclusively on immediate short-term fixes. With new wingers Anthony Gordon and Karim Adeyemi already integrated into the frontline, Abdelkarim stands out as a viable central option alongside versatile attackers within the existing setup. Additionally, Flick highlighted the immediate tactical boost provided by summer signing Rodri, who is set to make his competitive debut against Athletic Bilbao. The manager expressed strong enthusiasm for pairing the veteran Spanish midfielder alongside Pedri, describing their partnership as a world-class foundation capable of controlling match tempo and commanding possession against top-tier opposition. Should the deal for Álvarez fall through, Flick reiterated that Barcelona possesses more than enough technical quality and tactical flexibility to remain competitive across all competitions this season. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** Sports **Tags:** flicksignals, hamzaabdelkarim --- ### [Saudi Streetwear Pioneer 1886 Secures London Retail Footprint at Selfridges](https://turkbusinessnews.com/2026/08/27/saudi-streetwear-label-1886-debuts-selfridges-london/) **Published:** August 27, 2026 **Author:** Samridhi Puri **Content:** With the entry of the Saudi streetwear brand 1886 into the United Kingdom’s luxury retail sector, the company’s range is now available at the department store Selfridges in Oxford Street. The launch of 1886 has been an achievement not only for the store but also for the company’s co-founders, Fahad Al-Jomiah and Khalid Al-Jammaz, who initially came up with the idea of establishing a clothing brand while studying in the British capital a decade ago. The launch at the physical store falls within the framework of the “Saudi: Sky’s the Limit” programme, which will be held in the Corner Shop until September 5. The programme features more than 20 Saudi companies operating in the fashion, cosmetics, and cuisine industries. ![Man browsing a clothing rack inside a store with coats, while city street and red bus visible through large windows outside.](https://turkbusinessnews.com/wp-content/uploads/2026/08/165-1024x737.jpg "165 -")For 1886, establishing a footprint inside Selfridges coincides directly with its tenth anniversary. The company originated in 2016 in Riyadh, taking its name from the dorm room numbers—18 and 86—occupied by the co-founders during their student years in London. Lacking formal backgrounds in apparel manufacturing, Al-Jomiah and Al-Jammaz sought to merge global urban subcultures, contemporary art, and music into a refined Saudi fashion narrative. At the time of the label’s founding, Saudi Arabia’s domestic streetwear market was virtually non-existent. The brand’s early operational challenge centred on changing local consumer perceptions and establishing credibility against established international labels. Over the past decade, 1886 built trust by focusing on design identity and product quality, expanding its product line from basic streetwear items to comprehensive collections featuring hoodies, customised denim, tailored dresses, and lifestyle accessories. The move into the UK capital follows the label’s international expansion into Paris last year, where it launched a specialised capsule collection created specifically for the French market. For its London entry, however, the executive team decided against creating market-specific modifications, opting instead to present its primary collection. Company leadership emphasised that global consumers, alongside London’s established community of Saudi travelers and residents, engage more authentically with brands that maintain their original heritage rather than altering designs for individual markets. Moving forward, the Riyadh-headquartered enterprise intends to maintain a targeted expansion strategy, focusing on high-tier international department stores and multi-brand retailers to build long-term brand value. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** Other **Tags:** saudifashion, saudistreetwear --- ### [AlUla Photography Collection Captures Saudi Oasis From Six Distinct Perspectives ](https://turkbusinessnews.com/2026/08/27/alula-photography-collection-saudi-oasis/) **Published:** August 27, 2026 **Author:** Samridhi Puri **Content:** A series of photos posted by Experience AlUla on the occasion of World Photography Day shows six unique views of the historic oasis of Saudi Arabia, featuring its landscapes, culture, streets, traditions and nightscape. The photos have been chosen from among eight other photos taken by eight photographers. This photo series shows AlUla through its lesser-known sides, showcasing the impact of light, weather conditions, architecture, way of living and nature on the identity of the destination through various photographic techniques. Experience AlUla said these photos prove that no single photograph could portray the personality of the historic oasis. ![](https://turkbusinessnews.com/wp-content/uploads/2026/08/167-1024x737.jpg "167 -")Among the featured works is Mohammed Nasif’s “When the Light Finds Elephant Rock”, which focuses on the 52-metre sandstone formation. The photograph captures the landmark at sunrise, when low sunlight highlights its textured surface and creates long shadows across the surrounding ground. Saudi photographer Ethar Alruwaili takes a more intimate approach in “AlUla Through a Smaller Frame”, photographing the landscape through an opening between sandstone formations. The composition brings together AlUla’s vegetation and rock formations while deliberately limiting the wider view. Abdulrahman Albalwi’s “Tradition in Motion” shifts attention toward the area’s living heritage. Camel riders crossing the desert appear against the landscape, with golden light and rising dust adding movement to the scene. English photographer Nick Jackson, who spends much of his time in AlUla, turns his camera toward everyday life in “Where the Streets Tell Their Own Story.” His image incorporates earthen buildings, mountain scenery, market stalls, textiles and people moving through the streets. Two further photographs explore AlUla under changing natural conditions. Abdulaziz Albalawi, known online as “Aziz AlUla,” photographed clouds moving through the sandstone mountains of Ashar Valley in “When the Clouds Descend on Ashar.” Abdulmajeed Albalawi’s “A Story Beneath the Stars” places the ruins of Hegra beneath a star-filled sky, with a lantern-bearing figure in the foreground. Experience AlUla released the collection earlier this month to mark World Photography Day, presenting photography as a way to explore both the visible landscapes and the cultural character of the destination. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** Other **Tags:** saudiarabia, tourism --- ### [Usetech to Showcase Its Operational Technology Portfolio at LEAP 2026 in Riyadh](https://turkbusinessnews.com/2026/08/26/usetech-to-showcase-its-operational-technology-portfolio-at-leap-2026-in-riyadh/) **Published:** August 26, 2026 **Author:** News Desk **Content:** **Riyadh, Saudi Arabia – 24 August 2026** – Usetech will participate in LEAP 2026 as an exhibitor, presenting its key products and integrated solutions for organisations developing digital infrastructure, managing operations, and applying AI across industrial and urban environments. LEAP 2026 will take place from 31 August to 3 September at RECC Malham in Riyadh. The Usetech team will be available at stand H3.B170 in Hall 3. At LEAP, Usetech will present: - **Launch**, an AI-powered platform that enables businesses to visualize, understand and enhance operational processes through multimodal data analytics. - **Octopus**, a universal platform for transparent management and AI-based optimization of IT resources allocation in Data Centers. - **Teal HR**, an advanced employee motivation and engagement platform designed to change workplace culture and improve organizational performance. - **Smart City**, an solution encompasses all aspects of civillian policing, traffic enforcement, emergency response and protection of critical infrastructure. - **Smart Manufacturing**, a modular, end-to-end portfolio that connects machines, processes, and systems into a unified data layer, transforms raw data into actionable insights in real time, and supports closed-loop decision-making. Usetech solutions help organisations develop their existing technology environment, strengthen operational visibility and control, and apply data and AI to practical business challenges. Visitors to LEAP can meet the Usetech team at **stand H3.B170 in Hall 3** to discuss operational priorities and explore the company’s portfolio. **About Usetech Usetech is a technology company specialising in applied artificial intelligence, data science, and advanced digital solutions. The company helps governments and enterprises transform AI, computer vision, and digital twins into scalable systems that improve operations, strengthen decision-making, and deliver measurable business value. **Media Contact:** Ekaterina Samsonova Head of PR and Marketing, MENA at Usetech https://www.linkedin.com/in/ekaterina-samsonova-a07251101 ![author avatar](https://secure.gravatar.com/avatar/4e3a45e03c0bce69b866fb10b522d054c74b2afa03adaeb29a3148d4aadd366e?s=300&d=mm&r=g) News Desk [See Full Bio](https://turkbusinessnews.com/author/news-desk/) [ ](https://turkbusinessnews.com/author/news-desk/) **Categories:** Press Release --- ### [Saudi Arabia’s Qiddiya Expands Globally with Landmark €6 Billion French Theme Park Deal](https://turkbusinessnews.com/2026/08/25/qiddiya-investment-company-france-mou-theme-park-deal/) **Published:** August 25, 2026 **Author:** Samridhi Puri **Content:** The Qiddiya Investment Company, an owned subsidiary of the Public Investment Fund of Saudi Arabia, has entered into a historic memorandum of understanding with the French Government for the development of a revolutionary entertainment centre that will cost $7 billion ($6 billion). The memorandum of understanding is a moment for Saudi Arabia’s efforts in economic diversification as envisaged in Vision 2030. In contrast to developing its own major entertainment venues in Saudi Arabia, Saudi Arabia has started exporting its entertainment ideas around the world. With QIC establishing itself as a powerful international brand in sports, culture, and lifestyle entertainment industries, the export of venue designs and destination management has become an essential part of its international strategy. ![Outdoor scene with a curved white wall displaying the Arabic text صندوق الاستثمارات العامة and large green letters 'PIF', a circular logo, palm trees, and a blue sky behind.](https://turkbusinessnews.com/wp-content/uploads/2026/08/163-1024x737.jpg "163 -")163Formalised on Monday, August 24, the agreement was concluded alongside 20 other economic pacts during Crown Prince Mohammed bin Salman’s official state visit to France. French President Emmanuel Macron hailed the project on social media as an “unprecedented announcement” that will establish a prominent international tourism hub in Europe. Initial plans for the development, located in Cergy-Pontoise, roughly 30 kilometres northwest of Paris, encompass up to three distinct theme parks—including a planned manga-themed attraction—integrated alongside hospitality, commercial dining, residential spaces, and sports infrastructure. Projected to generate approximately 22,000 direct local jobs, the collaborative venture aligns Saudi destination-building expertise with French urban planning, culture, and transport capabilities. Under the terms of the memorandum signed by Abdullah Al-Dawood, Director General of Qiddiya, and Roland Lescure, French Minister for Economy and Finance, joint working groups will evaluate overall project parameters, establish development models, and determine operational feasibility over the coming months. The European venture directly leverages technical operational capabilities cultivated at QIC’s flagship project, Qiddiya City. Located outside Riyadh, the master-planned mega-destination serves as the company’s foundational hub for gaming, motorsport, culture, and sports assets. By extending its domestic portfolio into overseas markets, QIC aims to build a broader international footprint while driving long-term value, cross-border investments, and technical knowledge-sharing between the Saudi and French entertainment sectors. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** Business **Tags:** publicinvestmentfund, saudiarabia --- ### [Saudi Arabia Nominates Dr Hanan Balkhy to Lead World Health Organization](https://turkbusinessnews.com/2026/08/25/saudi-arabia-nominates-hanan-balkhy-who-director-general-2027-2032/) **Published:** August 25, 2026 **Author:** Samridhi Puri **Content:** The Kingdom of Saudi Arabia has officially put forward Dr Hanan Hassan Balkhy as its nominee for the position of Director-General of the World Health Organization for the term 2027 to 2032. This choice puts a public health expert in charge of the international agency while the world faces many new health challenges. The diplomatic endorsement highlights Saudi Arabia’s plan to strengthen joint health frameworks, improve crisis readiness systems and promote fair medical coverage for developing countries. The Saudi Press Agency released a statement about this. This support shows that Saudi Arabia is doing its part to help build health security that lasts. Saudi Arabia is also helping to bring partners to reach an agreement ![Laboratory scientist wearing PPE examines samples through a microscope, with a blue virus image on the monitor behind.](https://turkbusinessnews.com/wp-content/uploads/2026/08/162-1024x737.jpg "162 -")Dr. Balkhy currently serves as the WHO Regional Director for the Eastern Mediterranean, a role she assumed in February 2024 after becoming the first woman elected to the position. Her international portfolio includes serving in Geneva as the agency’s inaugural Assistant Director-General for Antimicrobial Resistance, where she coordinated global initiatives aimed at addressing drug-resistant pathogens and improving stewardship frameworks across healthcare networks. Before taking up her United Nations positions, Dr Balkhy spent more than two decades in executive, academic and clinical roles within Saudi Arabia. She earned her medical degree from King Abdulaziz University in Jeddah before completing specialised fellowship training in paediatric infectious diseases at Massachusetts General Hospital in the United States. She later directed the National Infection Prevention and Control Center and led research initiatives at King Saud bin Abdulaziz University for Health Sciences, contributing to over 150 peer-reviewed scientific studies. If elected by member states during the upcoming voting process, Dr. Balkhy would become the first leader from the Middle East to steer the Geneva-based organisation, succeeding current Director-General Dr. Tedros Adhanom Ghebreyesus when his tenure concludes. Expressing gratitude to Saudi leadership, Dr. Balkhy emphasised that her candidacy prioritises robust pandemic preparedness, structural transparency, and equitable access to life-saving therapeutics for vulnerable populations worldwide. The nomination highlights Saudi Arabia’s broader foreign policy trajectory under Vision 2030, which emphasises expanded contributions to international organisations, humanitarian development initiatives, and regional scientific leadership. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** National **Tags:** Drhananbalky, worldhealthorganization --- ### [Saudi Leadership Receives Official Communications from UAE President and UK Prime Minister](https://turkbusinessnews.com/2026/08/25/saudi-leadership-written-messages-uae-uk/) **Published:** August 25, 2026 **Author:** Samridhi Puri **Content:** The president of the UAE, Sheikh Mohamed bin Zayed Al Nahyan, and the British Prime Minister, Andy Burnham, wrote an official letter to King Salman bin Abdulaziz Al Saud and his crown prince, Mohammed bin Salman, with an aim of further enhancing strategic relations between both countries. As Saudi Arabia is working towards developing a diplomatic relationship with different countries around the globe, it becomes important to note that as Riyadh plays a significant role in the international energy market, regional security environment, and economic development according to the 2030 vision, the continuous high-level diplomatic dialogue with strategic partners becomes very important in the foreign policy of the kingdom. ![Three men in a formal meeting around a large wooden table, one in traditional Middle Eastern attire and two in suits, discussing documents.](https://turkbusinessnews.com/wp-content/uploads/2026/08/159-1024x737.jpg "159 -")Saudi authorities messaged the Saudi Arabia vice minister of foreign affairs, Mr Waleed bin Abdulkarim Al-Khereiji.In the first official meeting, Vice Minister Al-Khereiji accepted the written message from the UAE President addressed to King Salman during a session with the Ambassador of the United Arab Emirates to the Kingdom, Matar Salem Al Dhaheri. The communication focused on further developing fraternal ties and mutual cooperation across priority sectors. Separately, Al-Khereiji received the British Prime Minister’s letter addressed to Crown Prince Mohammed bin Salman during a meeting with the Ambassador of the United Kingdom to Saudi Arabia, Stephen Charles Hitchen. Discussions centred on avenues to advance strategic cooperation, expand economic and diplomatic partnerships, and address shared priorities. Alongside these diplomatic exchanges, the Saudi leadership dispatched official cables to international counterparts. King Salman and Crown Prince Mohammed bin Salman extended formal congratulations to President Volodymyr Zelenskyy on Ukraine’s Independence Day, emphasising continued goodwill. The King and Crown Prince also sent congratulatory cables to President Mirza Fakhrul Islam Alamgir following his presidential election victory and swearing-in as President of the People’s Republic of Bangladesh. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** International **Tags:** saudiarabia, UAEpresident, ukprimeminister --- ### [Ambassador Yahya Shoukry Sarhan, Son of Iconic Egyptian Actor, Passes Away in Australia](https://turkbusinessnews.com/2026/08/24/ambassador-yahya-shoukry-sarhan-passes-away-australia/) **Published:** August 24, 2026 **Author:** Samridhi Puri **Content:** Yahya Shoukry Sarhan, who was the oldest child of the late famous Egyptian film star Shoukry Sarhan, has died in Australia, according to the family. According to a member of the Sarhan family, Mohsen Sarhan, the death of the ambassador has been reported in a press statement published on Facebook, adding that efforts are being made for his funeral to take place in Egypt after bringing his body from Australia to Cairo. It has been clarified that no further information concerning the funeral ceremony will be disclosed until everything is finalised. ![Three men in black suits stand with backs to camera at a cemetery, holding programs during a funeral.](https://turkbusinessnews.com/wp-content/uploads/2026/08/158-1024x737.jpg "158 -")Unlike his father, who became one of the most celebrated figures in Middle Eastern entertainment, Yahya Shoukry Sarhan built a distinguished career within Egypt’s foreign service framework, ultimately earning the rank of ambassador and representing the country across international diplomatic posts. Throughout his professional life and post-retirement years, he maintained a dignified public presence, occasionally appearing in regional broadcast interviews and cultural retrospectives to discuss his father’s profound contribution to Arab arts, offer personal insights into the private life of the acclaimed performer, and preserve the Sarhan family’s artistic heritage for future generations. His passing marks another poignant chapter in the historical legacy of his father, Shoukry Sarhan, widely considered a central pillar of Egyptian cinema’s golden era. The elder Sarhan achieved massive regional stardom following his defining performance in director Youssef Chahine’s 1951 landmark film Son of the Nile (Ibn El-Nil). Over a cinematic career spanning several decades, Shoukry Sarhan starred in dozens of classic feature films that shaped the landscape of modern Arab dramatic cinema and earned him numerous national and international accolades. Diplomatic colleagues and figures from Egypt’s cultural community have expressed condolences to the Sarhan family, recognising Ambassador Yahya Sarhan’s decades of dedicated public service to his nation as well as his lifelong commitment to honouring one of the Arab world’s most enduring cinematic legacies. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** International **Tags:** middleeast, yahyashoukrysarhan --- ### [Saudi Arabia and France Sign Landmark Bilateral Accord to Elevate Sports Cooperation](https://turkbusinessnews.com/2026/08/24/saudi-arabia-france-sign-sports-cooperation-mou-paris/) **Published:** August 24, 2026 **Author:** Samridhi Puri **Content:** Saudi Arabia and France have a bilateral agreement to drive institutional collaboration in athletics development and technical expertise across both elite and community sports ecosystems. The Ministry of Sports of Saudi Arabia signed a landmark memorandum of understanding with the French Ministry of Sports, Youth and Community Life in Paris. The deal was signed by Prince Abdulaziz bin Turki bin Faisal, the Minister of Sports in Saudi Arabia, and Marnia Ferreri, the Minister of Sports, Youth and Community Life in France, at the conclusion of the 2026 esports of the World Cup. The accord establishes an expansive operational framework to integrate joint initiatives, specialised knowledge, and administrative capabilities between the sporting sectors of both nations. ![Two officials sign documents on a table as flags of Saudi Arabia, France, and the EU loom behind.](https://turkbusinessnews.com/wp-content/uploads/2026/08/156-1024x737.jpg "156 -")Under the terms of the memorandum, the two countries will facilitate reciprocal visits by national athletic teams, host joint scientific research projects, and organise collaborative conferences, workshops, and technical seminars. The bilateral framework prioritises knowledge exchange among coaches, technical specialists, and administrative personnel across key disciplines. These target areas include sports medicine, sports law, high-performance elite training, physical education research, and grassroots sports initiatives. Furthermore, the pact broadens public and private sector collaboration to encompass anti-doping programmes, sports for people with disabilities, applied sports technology, event management, infrastructure planning, sports tourism investment, and commercial development within the rapidly expanding gaming and esports industries. The agreement reflects deepening diplomatic and economic relations between Riyadh and Paris, leveraging sports development as a primary pillar for strategic international engagement. For Saudi Arabia, the strategic partnership directly supports the broader objectives of Vision 2030. By deepening international ties with premier global sporting nations, elevating domestic human capital, and promoting active lifestyles, the Kingdom continues to position itself as a major hub for global athletic competition, sports innovation, and international hosting rights. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** International **Tags:** ministryofsports, saudiarabia --- ### [Saudia Rolls Out 50 Per Cent International Fare Discount to Drive Global Transit Growth](https://turkbusinessnews.com/2026/08/22/saudia-launches-50-percent-international-flight-discount-until-december/) **Published:** August 22, 2026 **Author:** Samridhi Puri **Content:** There is a huge international promotional campaign launched by the flag carrier of Saudi Arabia, Saudia, with cuts of up to 50% in the prices of guest and business classes. This promotion will last for a period of two weeks starting from August 20 to September 3, 2026. As per the official announcement made by the airline, this promotional pricing will be valid for the travel scheduled during the period of September 1 to December 10, 2026. This promotion will be applicable for both one-way and return tickets departing from Saudi Arabia and connecting through the main hubs of the carrier to destinations on four different continents. No promotional code is required, with discounted rates applied directly across published sales channels. ![Family of four walking through a bright airport terminal with rolling suitcases and a plane outside the window at gate area.](https://turkbusinessnews.com/wp-content/uploads/2026/08/154-1024x737.jpg "154 -")To incentivise frequent flyers, the national airline is offering double-tier credit benefits through its loyalty ecosystem. Members of the AlFursan loyalty programme who complete bookings during this promotional period will earn 100 per cent Bonus Tier Credits on their journeys, accelerating status progression or helping maintain current membership tiers. Furthermore, eligible connecting passengers can take advantage of the carrier’s integrated digital Stopover Visa, which automatically provides an entry permit valid for up to 96 hours to perform Umrah, explore local culture, or attend seasonal events. The promotional campaign aligns closely with Saudia’s broader commercial strategy to transform King Abdulaziz International Airport in Jeddah into a premier global transit hub. By synchronising flight schedules into coordinated departure and arrival waves, the carrier aims to enable smoother, more efficient connections for international travellers moving between Asia, Europe, Africa, and North America. This operational restructuring supports targets established under the national Saudi Aviation Strategy, which projects connecting passenger volume through the Kingdom to increase significantly from over 2 million toward 5.5 million by the decade’s end. Passengers travelling under the promotional rates will have full access to Saudia’s upgraded fleet offerings, including high-speed onboard Wi-Fi connectivity and enhanced digital ground services. Industry analysts note that competitive fare adjustments, paired with rapid fleet modernisation and route expansion, remain critical tools as regional carriers contend for market share across competitive long-haul transit c ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** Business **Tags:** saudiairline, saudiarabia --- ### [Local Photographers Highlight Jeddah's Architectural Evolution in New Visual Exhibition](https://turkbusinessnews.com/2026/08/21/saudi-photographers-jeddah-heritage-modern-transformation/) **Published:** August 21, 2026 **Author:** Samridhi Puri **Content:** A new visual exhibition has opened in the Red Sea port city. It shows a picture of how Jeddah’s buildings have changed over time. The exhibition compares the sea-related history with the fast growth of modern city life. It does this by showing the work of Saudi photographers. This display is happening because Saudi Arabia is doing a lot of work to protect its culture and build things. They are doing this as part of the Saudi Arabia Vision 2030 plan. The exhibition has buildings made of stone, and these buildings have window frames. These wooden window frames are called rawasheen. The rawasheen are from the area of Al-Balad, in Saudi Arabia. It also shows modern buildings. This shows how the city is changing in both shape and society. ![Man in a white kandura studies black-and-white photos in a gallery, with a city skyline visible through glass walls behind him.](https://turkbusinessnews.com/wp-content/uploads/2026/08/152-1024x737.jpg "152 -")Urban photographer Yasser Halawani is one of the artists in the exhibition. He and other Saudi visual artists created photos. Their work looks at street views, building details and everyday life in the city. The collection highlights Jeddah’s dual identity as both the centuries-old gateway for millions of international pilgrims travelling to Mecca and a growing regional centre for commerce, tourism, and contemporary creative arts. The exhibition aims to give emerging Saudi photographers a prominent public platform while simultaneously building a permanent visual record of the city’s changing urban landscape. Cultural observers note that the initiative reflects a broader trend across the Kingdom, where public demand for visual storytelling that celebrates native heritage while embracing modern progress continues to rise. To enhance visitor engagement, organisers incorporated digital features across the display space. Each photograph includes dedicated QR codes linking directly to background information on featured landmarks, as well as digital profiles of the participating photographers to support their ongoing creative careers. As Jeddah continues to undergo extensive revitalisation, such artistic showcases reinforce the role of local creative talent in capturing the city’s evolving character, serving as a vital bridge between its rich historical legacy and ambitious future. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** Other **Tags:** architecturalevolution, jeddah --- ### [Ehsan Platform Transformed into Independent Foundation Under Royal Decrees](https://turkbusinessnews.com/2026/08/21/saudi-arabia-establishes-independent-ehsan-charitable-foundation/) **Published:** August 21, 2026 **Author:** Samridhi Puri **Content:** The National Platform for Charitable Work, popularly referred to as Ehsan, in Saudi Arabia has officially been restructured as an independent charity organisation called the Ehsan Charitable Foundation in accordance with the royal decrees released on Thursday, August 20, 2026. There has been a comprehensive restructuring of institutions, which will see the setting up of the Board of Trustees headed by Minister of Commerce Dr Majid bin Abdullah Al-Qasabi, while Minister of Human Resources and Social Development Eng. Ahmed bin Sulaiman Al-Rajhi will be the vice chairman of the board. The other people on the board are the SDAIA President, Dr. Abdullah bin Sharaf Al-Ghamdi, and the Governor of the General Authority for Awqaf. Ahmed bin Sulaiman Al-Rajhi, the SDAIA President, Dr Abdullah bin Sharaf Al-Ghamdi, and the Governor of the General Authority for Awqaf will be working together on the board. ![Futuristic control center with several touchscreen kiosks displaying abstract blue network graphics inside a modern building. External city skyline visible through large windows.](https://turkbusinessnews.com/wp-content/uploads/2026/08/149-1024x737.jpg "149 -")The structural transition is designed to optimise overall non-profit efficiency, enhance transparent operational governance, and accelerate digital innovation across the Kingdom’s expanding philanthropic ecosystem in close alignment with Saudi Arabia’s Vision 2030 development objectives. Originally launched in 2021 under royal directives, the original Ehsan platform was developed and operated by SDAIA to leverage artificial intelligence and advanced technology for secure, transparent digital giving. Over five years, the platform established a highly regulated operational framework that directly connected individual and corporate donors with verified beneficiaries across critical humanitarian sectors, including healthcare, housing, education, social welfare, food security, and religious affairs. Prior to its formal conversion into a standalone foundation, Ehsan processed more than 440 million donation transactions with a total value exceeding SAR 17 billion ($4.53 billion), demonstrating immense public trust in the national platform. Under its newly granted corporate autonomy, the foundation gains broader operational flexibility and greater statutory authority to introduce advanced technical capabilities, consolidate national donation infrastructure, and cultivate corporate social responsibility across public and private institutions. Official statements emphasised that this institutional maturity ensures long-term financial sustainability, fosters continuous service innovation, and maximises social and economic impact throughout the Gulf nation’s rapidly growing non-profit sector. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** National **Tags:** riyadh, saudiarabai, vision2030 --- ### [Macron to Host Saudi Crown Prince in Paris to Launch Strategic Council and Attend Esports Finale ](https://turkbusinessnews.com/2026/08/21/saudi-crown-prince-france-visit-macron-paris-summit/) **Published:** August 21, 2026 **Author:** Samridhi Puri **Content:** The French president Emmanuel Macron will receive Saudi Crown Prince and Prime Minister Mohammed bin Salman in Paris. The Saudi prince and president went for the official visit, which began on Sunday, 23 August, as per the statement released by the Elysee Palace. The high level of the summit marks a significant milestone in bilateral relations, highlighted by the inaugural convening of the Franco-Saudi Strategic Partnership Council. Co-chaired by President Macron and Crown Prince Mohammed bin Salman, the newly established institutional framework aims to deepen long-term economic collaboration, expand mutual investment projects, and strengthen security ties between Paris and Riyadh. The summit builds directly on momentum established during President Macron’s official diplomatic state visit to Saudi Arabia in December 2024. ![Paris cityscape featuring the Eiffel Tower along the Seine with a grand neoclassical building in the foreground and flags at the entrance.](https://turkbusinessnews.com/wp-content/uploads/2026/08/147-1024x737.png "147 -")Beyond economic and institutional cooperation, discussions between the two leaders will focus on major global economic policy and pressing geopolitical developments across the Near and Middle East. French officials emphasised that ongoing coordination with key Gulf allies remains vital for promoting regional security, managing crises, and fostering long-term stability during a period of complex regional challenges. Soft power and sports diplomacy will also feature prominently on the summit agenda. On Sunday, both leaders will jointly attend the grand finale of the Esports World Cup in Paris, marking the first time the premier global gaming tournament is held outside Saudi Arabia since its inception. French officials stated that hosting the international esports tournament underscores France’s ongoing appeal as a leading hub for major global events, coming on the heels of the successful Paris 2024 Olympic and Paralympic Games. Furthermore, Élysée Palace representatives noted that joint cultural, athletic, and technological initiatives reflect a shared ambition by both nations to utilise sport and modern entertainment as major drivers for expanding economic integration and building stronger societal ties. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** International **Tags:** esportworlcup, strategiccouncil --- ### [MedPro Healthcare Staffing Names Laurie Reichert President, Domestic Staffing](https://turkbusinessnews.com/2026/08/19/medpro-healthcare-staffing-names-laurie-reichert-president-domestic-staffing/) **Published:** August 19, 2026 **Author:** News Desk **Excerpt:** Seasoned healthcare workforce executive brings more than two decades of leadership experience to guide the continued growth of MedPro’s Domestic division. FORT LAUDERDALE — MedPro Healthcare Staffing, a leading provider of healthcare workforce solutions, welcomed Laurie Reichert as President of its Domestic division, strengthening the company’s… **Content:** **Seasoned healthcare workforce executive brings more than two decades of leadership experience to guide the continued growth of MedPro’s Domestic division.** FORT LAUDERDALE — MedPro Healthcare Staffing, a leading provider of healthcare workforce solutions, welcomed Laurie Reichert as President of its Domestic division, strengthening the company’s leadership team as MedPro continues to expand its workforce solutions and partnerships with healthcare organizations nationwide. Reichert brings more than two decades of leadership experience across healthcare staffing and workforce solutions. Her career has been shaped by a consistent focus on people and performance, with an understanding that the two are closely intertwined. She has led organizations through periods of growth and transformation while creating environments where teams are equipped to succeed, and businesses are positioned to move forward. Most recently, Reichert served as Chief Operating Officer at Ingenovis Health from 2021 to 2025 and previously as Chief Operating Officer at Fastaff Travel Nursing. Additionally, she was named to Staffing Industry Analysts Global Power 150 – Women in Staffing for her impact in providing healthcare professionals to communities across the country during the COVID-19 pandemic. Reichert developed an approach to leadership grounded in recognizing potential and creating opportunities for people to build on their strengths. Rather than viewing talent development and business performance as separate priorities, she believes organizations are at their strongest when people understand how their work contributes to a larger purpose and are given the opportunity to perform at their best. “Laurie’s depth of experience in healthcare staffing and workforce operations makes her an exceptional addition to MedPro’s executive leadership team,” said Liz Tonkin, President and CEO of MedPro Healthcare Staffing. “She understands that strong business results begin with strong people. Throughout her career, she has demonstrated an ability to bring out the best in teams while guiding organizations through growth and change. That leadership will be important as we continue building on the strength of our domestic business and deepening the relationships we have with healthcare organizations across the country.” For Reichert, joining MedPro represents an opportunity to bring that leadership philosophy to an organization where relationships have long been central to the way the company approaches healthcare staffing. “I believe some of the greatest outcomes begin when people are given the opportunity to use their strengths,” said Reichert. “That belief has shaped how I lead throughout my career, and it’s one of the reasons I’m excited to join MedPro. I look forward to building on the strong foundation already in place and creating an environment where our teams can do their best work as we continue to grow and serve our healthcare partners.” Reichert’s appointment reflects MedPro’s continued investment in leadership. Recently ranked No. 20 on Staffing Industry Analysts’ 2026 list of the Largest Healthcare Staffing Firms in the United States, MedPro has built a strong position in the industry while remaining focused on the relationships and service that have shaped its business. With Reichert at the helm of the Domestic division, the company is building on that momentum and is just getting started. The future begins with the people responsible for delivering those commitments every day. That perspective aligns closely with the role MedPro plays within healthcare. MedPro will continue building on that foundation as it enters its next stage of growth. Her appointment brings together decades of workforce leadership experience with a people-centered approach to performance, positioning the division to continue evolving alongside the healthcare organizations and professionals it serves. **About MedPro Healthcare Staffing Founded in 1983, MedPro Healthcare Staffing has grown from its beginnings in South Florida into a leading healthcare workforce solutions provider serving healthcare organizations nationwide. For more than four decades, MedPro has helped hospitals and healthcare facilities address evolving workforce needs by connecting them with qualified nursing, allied health, and laboratory professionals. Over the years, MedPro has expanded its capabilities through both domestic and international staffing. Its international division has built a global network of healthcare professionals seeking to establish long-term careers in the United States, while its domestic division provides workforce solutions designed to help healthcare organizations respond to immediate staffing needs and broader workforce challenges. Today, MedPro continues to build on more than 40 years of healthcare staffing experience while evolving its services to meet the changing needs of healthcare organizations and professionals across the country. For more information about MedPro Healthcare Staffing, visit medprostaffing.com. ***Syndication Notice:** This press release is syndicated from the [original source](https://www.globenewswire.com/news-release/2026/08/19/3348007/0/en/medpro-healthcare-staffing-names-laurie-reichert-president-domestic-staffing.html) for informational purposes. We do not claim ownership of the content. All copyrights, trademarks, images, and other intellectual property remain the property of their respective owners.* The post [MedPro Healthcare Staffing Names Laurie Reichert President, Domestic Staffing](https://menawirenow.com/2026/08/medpro-healthcare-staffing-names-laurie-reichert-president/) first appeared on [MENAWireNOW](https://menawirenow.com). **Publishing Source::** [menawirenow.com](https://menawirenow.com/2026/08/medpro-healthcare-staffing-names-laurie-reichert-president/?utm_source=rss&utm_medium=rss&utm_campaign=medpro-healthcare-staffing-names-laurie-reichert-president) ![author avatar](https://secure.gravatar.com/avatar/4e3a45e03c0bce69b866fb10b522d054c74b2afa03adaeb29a3148d4aadd366e?s=300&d=mm&r=g) News Desk [See Full Bio](https://turkbusinessnews.com/author/news-desk/) [ ](https://turkbusinessnews.com/author/news-desk/) **Categories:** Press Release --- ### [Elena Cardone Says Understanding the Mind Was Key to Building Her Empire](https://turkbusinessnews.com/2026/08/20/elena-cardone-says-understanding-the-mind-was-key-to-building-her-empire/) **Published:** August 20, 2026 **Author:** News Desk **Excerpt:** LOS ANGELES — In a recent appearance on the Define Success – The Vlad Experience podcast, Elena Cardone described the internal struggles behind building a global business empire. She explained how understanding the source of her reactions changed how she approached challenges… **Content:** LOS ANGELES — In a recent appearance on the *Define Success – The Vlad Experience* podcast, Elena Cardone described the internal struggles behind building a global business empire. She explained how understanding the source of her reactions changed how she approached challenges and the decisions that shaped her life and business. “I had to let go of self-doubt, fear and self-sabotage. I became more stable and calm, which shifted how I show up every day,” Cardone said. Cardone’s experience reflects a broader challenge among entrepreneurs. A Startup Snapshot report found that 72% of founders reported an impact on their mental health, while 81% said they weren’t really open about their stress, fears and challenges. For Cardone, transformation wasn’t about avoiding the challenges of building an empire. It was about changing how she responded to them. “The people who actually build something have a threshold for pain,” Cardone said. “They don’t let the pain stop them. They fight through it, and that’s what separates the ones who make it.” Cardone points to the resource behind her turnaround: *Dianetics: The Modern Science of Mental Health* by L. Ron Hubbard. “That’s why I recommend reading *Dianetics*,” she said. “No one teaches us anything about the mind, but this book actually does.” Since its publication in 1950, *Dianetics* has offered readers a framework for understanding the mind and the reactions that influence behavior. The book describes two distinct aspects of the mind: the analytical mind, which reasons and makes decisions, and the reactive mind, where painful experiences can be stored and later influence emotions and behavior. Understanding that distinction was a turning point for Cardone in learning to respond to setbacks rather than react to them. “Your mindset will make you, or it will break you,” she said. For Cardone, understanding her mind isn’t something she considers finished. It remains a foundation she continues to build on and why she keeps pointing people back to *Dianetics*—the book that changed how she responds to life. Established in 1981, Bridge Publications, Inc., located in Los Angeles, California, is the publisher of the nonfiction works of international best-selling author L. Ron Hubbard. Bridge Publications’ award-winning state-of-the-art facility serves geographic regions including North and Latin America, Africa, Asia, Australia and New Zealand. For more information, visit dianetics.org. Sara Lucatero Bridge Publications, Inc. sdinges@bridgepub.com ***Syndication Notice:** This press release is syndicated from the [original source](https://www.globenewswire.com/news-release/2026/08/20/3348767/0/en/elena-cardone-says-understanding-the-mind-was-key-to-building-her-empire.html) for informational purposes. We do not claim ownership of the content. All copyrights, trademarks, images, and other intellectual property remain the property of their respective owners.* The post [Elena Cardone Says Understanding the Mind Was Key to Building Her Empire](https://menawirenow.com/2026/08/elena-cardone-says-understanding/) first appeared on [MENAWireNOW](https://menawirenow.com). **Publishing Source::** [menawirenow.com](https://menawirenow.com/2026/08/elena-cardone-says-understanding/?utm_source=rss&utm_medium=rss&utm_campaign=elena-cardone-says-understanding) ![author avatar](https://secure.gravatar.com/avatar/4e3a45e03c0bce69b866fb10b522d054c74b2afa03adaeb29a3148d4aadd366e?s=300&d=mm&r=g) News Desk [See Full Bio](https://turkbusinessnews.com/author/news-desk/) [ ](https://turkbusinessnews.com/author/news-desk/) **Categories:** Press Release --- ### [Bodor Laser Launches Flagship X Series for Intelligent, Efficient, and Stable Sheet Metal Production](https://turkbusinessnews.com/2026/08/21/bodor-laser-launches-flagship-x-series-for-intelligent-efficient-and-stable-sheet-metal-production/) **Published:** August 21, 2026 **Author:** News Desk **Excerpt:** JINAN, China — Bodor Laser has introduced the X Series, a new flagship high-speed sheet metal laser cutting platform developed to deliver intelligent operation, higher production efficiency, and long-term processing stability. In sheet manufacturing, cutting speed represents only one part… **Content:** JINAN, China — Bodor Laser has introduced the X Series, a new flagship high-speed sheet metal laser cutting platform developed to deliver intelligent operation, higher production efficiency, and long-term processing stability. In sheet manufacturing, cutting speed represents only one part of overall productivity. A typical production shift may involve frequent job changes, different materials and sheet sizes, irregular remnants, repeated parameter adjustments, dense-hole patterns, short contours, and continuous directional changes. These conditions place demands not only on motion speed, but also on machine rigidity, trajectory control, setup efficiency, and process consistency. Designed around these practical production requirements, the X Series integrates a high-strength cast-iron machine structure, high-dynamic motion performance, AI-assisted parameter optimization, intelligent vision positioning, and automated functions into one coordinated manufacturing platform. **A Flagship Platform Built for Long-Term Stability** The structural foundation of a laser cutting machine directly influences dynamic stability, long-term accuracy retention, and operational reliability. The X Series adopts an upgraded 10-ton integrated cast-iron bed engineered to provide the rigidity and damping characteristics required for continuous high-dynamic processing. Compared with conventional welded structures, cast iron provides inherent vibration damping, thermal stability, structural rigidity, and fatigue resistance. These characteristics help control vibration during high-speed motion, maintain geometric accuracy over extended operation, and provide a reliable foundation for consistent cutting quality. According to Bodor Laser Laboratory testing, the upgraded machine structure delivers 50% higher stability and reduces lifetime maintenance costs by 30%. The structure is paired with an optimized servo motion system capable of acceleration of up to 4G and a maximum linkage speed of 200 m/min. The combination supports stable trajectory control during repeated acceleration and deceleration, dense-hole processing, short-contour cutting, and frequent directional transitions. For manufacturers requiring an even higher level of production consistency, the X Pro model incorporates an integrated hydraulic lifting exchange table. By maintaining a consistent processing height throughout table exchange and continuous operation, the system helps preserve cutting accuracy and processing stability. **Intelligent Functions for More Efficient Production** The X Series incorporates intelligent technologies designed to reduce setup time, simplify operation, and minimize non-cutting activities. AI Cutter assists operators in optimizing cutting parameters for different materials, thicknesses, and production requirements. By reducing repeated manual adjustment, it helps accelerate setup while supporting greater process consistency across different jobs and operator experience levels. The intelligent vision system uses 20 MP dual cameras to identify sheet boundaries, material positioning, and irregular remnants in as little as 0.5 seconds. According to Bodor Laser Laboratory testing, the system can improve positioning efficiency by up to 90%, allowing manufacturers to reduce preparation time and devote more of the production cycle to value-added cutting. Automatic nozzle changing further reduces manual intervention between jobs, particularly in production environments involving multiple materials, thicknesses, or cutting requirements. Together, these functions allow the X Series to transform isolated intelligent features into a coordinated production workflow—from material identification and positioning to parameter preparation and continuous cutting. **Engineered for Automation and Unattended Operation** As manufacturers increasingly adopt automated loading and unloading systems, intelligent material storage, and unattended production, the reliability of the machine platform becomes critical. The X Series is designed to provide the structural and functional foundation required for automated sheet metal processing. Its integrated cast-iron bed supports long-term mechanical stability, while AI Cutter, smart vision system and automatic nozzle changing help reduce the need for manual setup and intervention. This combination enables the machine to maintain more consistent processing performance during extended automated production and helps manufacturers improve equipment utilization without relying solely on additional cutting speed. **Stable Processing, Higher Efficiency, and Lower Long-Term Costs** By integrating structural engineering, high-dynamic motion control, intelligent vision, AI-assisted parameter optimization, and automated functions, the X Series addresses productivity across the complete manufacturing cycle. Its flagship cast-iron platform supports stable high-speed processing and long-term accuracy retention. Intelligent functions reduce setup and positioning time, while automated capabilities prepare the machine for increasingly connected and unattended production environments. According to Bodor Laser Laboratory testing, the X Series improves machine stability by 50%, increases positioning efficiency by up to 90%, and reduces lifetime maintenance costs by 30%. **Powered by AI. Proven by Stability.** With the launch of the X Series, Bodor Laser brings together premium structural engineering and intelligent production technologies in a flagship platform designed to help sheet metal manufacturers achieve greater efficiency, more consistent output, and lower long-term operating costs. **Media Contact** Bodor Laser Inc. Jessy Liang info@bodor.com www.bodor.com/us ***Disclaimer:*** *This content is provided by Bodor Laser. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or business advice. All investments carry inherent risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own due diligence and consult with a qualified financial advisor before making any investment decisions. Neither the media platform nor the publisher shall be held responsible for any inaccuracies, misrepresentations, or financial losses resulting from the use or reliance on the information in this press release. Speculate only with funds you can afford to lose. In the event of any legal claims or concerns regarding this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.* **Legal Disclaimer:** This media platform provides the content of this article on an “as-is” basis, without warranties or representations of any kind, express or implied. We assume no responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained herein. Any complaints, copyright issues, or inquiries regarding this article should be directed to the content provider listed above. ***Syndication Notice:** This press release is syndicated from the [original source](https://www.globenewswire.com/news-release/2026/08/21/3348884/0/en/bodor-laser-launches-flagship-x-series-for-intelligent-efficient-and-stable-sheet-metal-production.html) for informational purposes. We do not claim ownership of the content. All copyrights, trademarks, images, and other intellectual property remain the property of their respective owners.* The post [Bodor Laser Launches Flagship X Series for Intelligent, Efficient, and Stable Sheet Metal Production](https://menawirenow.com/2026/08/bodor-laser-launches-flagship-x-series-for-intelligent/) first appeared on [MENAWireNOW](https://menawirenow.com). **Publishing Source::** [menawirenow.com](https://menawirenow.com/2026/08/bodor-laser-launches-flagship-x-series-for-intelligent/?utm_source=rss&utm_medium=rss&utm_campaign=bodor-laser-launches-flagship-x-series-for-intelligent) ![author avatar](https://secure.gravatar.com/avatar/4e3a45e03c0bce69b866fb10b522d054c74b2afa03adaeb29a3148d4aadd366e?s=300&d=mm&r=g) News Desk [See Full Bio](https://turkbusinessnews.com/author/news-desk/) [ ](https://turkbusinessnews.com/author/news-desk/) **Categories:** Press Release --- ### [2027 Hyundai Tucson reveal](https://turkbusinessnews.com/2026/08/20/2027-hyundai-tucson-revealed-new-design/) **Published:** August 20, 2026 **Author:** Samridhi Puri **Content:** Hyundai has introduced the 2027 Tucson, bringing a change that gives the compact SUV a more upright and tough look while also updating the inside significantly. The fifth-generation version is different from the model, which had a rounded look. Now it has a stance, sharper edges and more noticeable body parts. This change is very important for Hyundai because the Tucson is still one of the selling cars from the company. The new design makes the SUV look more like the Hyundai models, like the Santa Fe, and gives it a more unique look in the very busy compact SUV market. At the front, the 2027 Tucson features a broader, upright design with angular headlights and prominent lighting elements extending across the vehicle. Box-shaped fender flares add to its tougher appearance, while the rear follows the same wider design theme with full-width lighting. ![Rear three-quarter view of a gray Hyundai Tucson SUV on a city street at dusk with skyscrapers in the background. The taillights are illuminated.](https://turkbusinessnews.com/wp-content/uploads/2026/08/146-1024x737.jpg "146 -")146Inside, Hyundai has taken a more technology-focused approach. The cabin uses a horizontal dashboard layout and appears to draw inspiration from the larger Ioniq 9 electric SUV. A large central infotainment display dominates the dashboard, while the overall design uses cleaner surfaces and fewer conventional buttons. The two-spoke steering wheel gives the interior another distinctive visual element. Hyundai has not yet released full technical specifications for the new Tucson. However, current expectations point to the continuation of gasoline, hybrid and plug-in hybrid powertrains, along with front- and all-wheel-drive configurations. An XRT version focused on more rugged styling and capability is also expected, while an N-Line variant could return. The redesigned Tucson is expected to reach international markets as a 2027 model, with further information on engines, performance, pricing and market availability expected from Hyundai. The launch forms part of Hyundai’s wider product strategy as the automaker prepares numerous new and updated models for major markets through the end of the decade. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** Other **Tags:** hyundai, hyundaiSUV --- ### [Saudi rapper Dehmez and his favourite songs](https://turkbusinessnews.com/2026/08/20/saudi-rapper-dehmez-and-his-favourite-songs/) **Published:** August 20, 2026 **Author:** Samridhi Puri **Content:** The music rapper Dehmez has disclosed that music has influenced his personal life and artistic career. He is exploring his taste from childhood television memories and saudi music to Arabic classics, folk tradition and hip-hop. The artist told his relation that his rap had started as a listener before he eventually moved into performing. Dehmez stated that he listened to hip hop music in the mid-2000s and became immersed in the emerging local rap scene. By 2010, he had started making music himself, although he initially regarded it as a hobby. In 2010 he was starting to make music himself; he had started as a hobby that time, but in 2021 he changed his approach. began pursuing music more seriously, he wrote a music and released a song online Among his earliest musical memories is the theme song from “Baba Farhan”, a Saudi television series from his childhood. He said the programme remains particularly memorable for people from his generation. ![A man wearing headphones sits at a desk with vinyl records and a phone showing a Spotify profile, in a cozy room with framed photos on the wall.](https://turkbusinessnews.com/wp-content/uploads/2026/08/141-1024x737.jpg "141 -")Music also connects Dehmez to people close to him. He selected “Majnoon” by Fahad Al-Qubaisi as a song associated with a close friend who would ask him to sing it.For his own playlist, Dehmez named “Wadi Wadi” as a track capable of energising a dance floor. He also highlighted Egyptian rapper Abyusif’s “Hal Di Kat Hayatak?”, saying its reflections on personal experience resonate with his own life. Saudi yanbawi folk music occupies another important place in his listening habits. Dehmez said the traditional music puts him in a good mood and is sometimes played before performances. For songwriting, he pointed to “Madnak” by Mohammed Abdel Wahab, praising its imagery and the work of poet Ahmed Shawqi. He also cited Rabeh Saqer’s “Rah Wo Ma Regaea” among his favourite examples of strong lyrics. Long road trips call for longer classics, he said, with Umm Kulthum among his preferred choices. His favourite from her repertoire is “Darat Al-Ayam”. For a more light-hearted choice, Dehmez admitted that Ruby’s “Leh Beydari Keda” remains a personal guilty pleasure. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** Other **Tags:** dehmez, saudirapper --- ### [Lebanon resumes exports to Saudi Arabia through the Al-Masnaa border crossing](https://turkbusinessnews.com/2026/08/20/lebanon-exports-saudi-arabia-al-masnaa-border-crossing/) **Published:** August 20, 2026 **Author:** Samridhi Puri **Content:** Lebanon has initiated its efforts to restore land-based exports to Saudi Arabia through the Al-Masnaa border crossing point, re-establishing an important export route for the exporters of Lebanon, which had been shut down for quite some time. The authorities of Lebanon have set up a system for inspecting trucks at the border crossing point on Thursday, preparing for the resumption of commercial transport. This move will come as a huge relief for exporters from Lebanon, especially the agricultural industry. Restoration of economic ties with Saudi Arabia and the broader Gulf area holds supreme significance for Lebanon. Lebanon’s Minister of Public Works and Transport, Fayez Rasamny, welcomed Saudi Arabia’s decision to resume imports of Lebanese goods and thanked the Kingdom’s leadership for the move. He also said the Al-Aboudieh crossing is expected to reopen within weeks, potentially creating another route for cross-border commercial activity. The Al-Masnaa crossing connects Lebanon with Syria and serves as one of the country’s principal land gateways for movement toward regional markets. Its role is particularly important for Lebanese products that depend on road transport to reach destinations beyond Syria. ![Line of trucks on a highway with crates of vegetables stacked in the trailer behind them.](https://turkbusinessnews.com/wp-content/uploads/2026/08/144-1024x737.jpg "144 -")The resumption follows Saudi Arabia’s decision to lift its ban on Lebanese products after an interruption that had lasted around four years. The development has prompted Lebanese truck operators and exporters to prepare for renewed commercial activity toward the Kingdom. The reopening comes against a backdrop of continued efforts to restore movement across Lebanon’s land borders with Syria. Earlier disruptions had affected both passenger movement and freight traffic, highlighting the importance of reliable border infrastructure for Lebanon’s trade-dependent sectors. For Lebanese exporters, renewed access to the Saudi market could improve logistics options and reduce pressure on businesses seeking to move agricultural and manufactured goods into Gulf markets. The expected reopening of additional crossings could further strengthen Lebanon’s overland trade network and support the gradual restoration of commercial flows between Lebanon, Syria and Saudi Arabia. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** International **Tags:** exports, saudiarabia --- ### [Saudi Exchange Briefly Halts Trading Following Unexpected Technical Glitch](https://turkbusinessnews.com/2026/08/19/saudi-exchange-temporarily-suspends-trading-due-to-technical-issue/) **Published:** August 19, 2026 **Author:** Samridhi Puri **Content:** The Saudi stock exchange will, for a limited period of time, be suspending all trading activity on 19 August Wednesday due to an unforeseen technical problem. The suspension will continue until the technical problem is sorted out and the trading resumes. The technical problem affected all market securities and segments, and the exchange was forced to put in place contingency measures in order to ensure the integrity of the market as well as equal participation by all market participants. The exchange made the following statement just after the technical problem had occurred: Following the sorting out of the technical problem, Tadawul initiated an order maintenance auction at 10:15 am local time, enabling investors and broking firms to manage, modify, or cancel orders prior to the official restart. Active trading officially resumed at 10:30 a.m., with all matching engines, clearing mechanisms, and execution functions returning to standard operational capacity for the remainder of the day. ![Trader in a suit sits at a desk with multiple stock monitors displaying graphs and quotes in a busy trading floor.](https://turkbusinessnews.com/wp-content/uploads/2026/08/137-1024x737.jpg "137 -")The Saudi Exchange issued an official apology to market participants, institutional investors, and brokerage houses for the inconvenience caused by the unexpected operational pause. The management emphasised its continued commitment to taking all necessary preventative measures to maintain infrastructure resilience, enhance system stability, and safeguard market efficiency. Unplanned technical suspensions are rare on the Kingdom’s main financial exchange, which serves as the principal equity market in the Middle East and North Africa region. Regulatory frameworks established by Tadawul and the Capital Market Authority mandate immediate market-wide halts in the event of system-level disruptions to prevent informational asymmetry, execution errors, or unfair pricing conditions. Following the resumption of operations, trading concluded smoothly across primary sector indices without further technical impediments reported. The brief, unplanned suspension on the Saudi Exchange highlights the strict regulatory frameworks designed to protect market integrity and investor equity during technical disruptions. By swiftly resolving the system issue, conducting an order maintenance auction, and restoring full operational capacity, Tadawul demonstrated infrastructure resilience and maintained market efficiency. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** Business **Tags:** saudistockmarket, trading --- ### [Arabica Star Obtains $4 Million Shariah-Compliant Financing from Saudi National Bank](https://turkbusinessnews.com/2026/08/19/arabica-star-obtains-4-million-shariah-compliant-financing-from-saudi-national-bank/) **Published:** August 19, 2026 **Author:** Samridhi Puri **Content:** The Star Arabia company, known in the commercial market as Arabic Star, has concluded a 15 million Saudi riyal ($4 million) Shariah-compliant credit facility with Saudi National Bank to expedite a long-term corporate expansion and fund targeted market acquisition across the kingdom. The agreement introduced a five-year credit line to help to establish new commercial investment, boost a working capital reserve and maximise daily operational cash flows across its retail and beverage footprint. The financial arrangement underscores a broader push among publicly listed Saudi enterprises to capitalise on structured Islamic banking instruments to fuel domestic growth. By securing long-term capital from one of the Kingdom’s largest financial institutions, Arabica Star strengthens its position within Saudi Arabia’s rapidly expanding consumer ecosystem, directly supporting the nation’s ongoing economic diversification efforts under Vision 2030. ![](https://turkbusinessnews.com/wp-content/uploads/2026/08/136-1024x737.jpg "136 -")136In a formal regulatory disclosure filed with the Saudi Exchange, Arabica Star outlined that the capital injection will be allocated toward several overarching strategic priorities. Beyond meeting primary operational commitments and enhancing working liquidity, the enterprise plans to utilise the facility to expand its current commercial branch network and evaluate potential corporate acquisitions within high-growth market segments. To secure the credit line, the enterprise issued a promissory note equal to the complete loan value as collateral to Saudi National Bank. The official regulatory filing confirmed that the corporate transaction involved no related-party interests, adhering fully to standard governance protocols and transparency guidelines established for publicly traded firms. The transaction highlights the critical role of domestic banking liquidity in backing high-growth enterprises listed on the Nomu-Parallel Market. Through access to flexible, Shariah-compliant capital, growth-stage corporate entities remain better equipped to navigate shifting market dynamics, pursue strategic scale, and maintain long-term balance sheet stability amidst an increasingly competitive regional commercial environment. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** Other **Tags:** arabicastar, saudinationalbank --- ### [Saudi Jobs Surge as HRDF Helps 329,000 Citizens Find Employment in H1 2026](https://turkbusinessnews.com/2026/08/19/saudi-jobs-surge-hrdf-employment-329000-citizens-h1-2026/) **Published:** August 19, 2026 **Author:** Samridhi Puri **Content:** The Human Resources Development Fund (HRDF) in Saudi Arabia has facilitated the successful recruitment of 329,000 Saudi nationals within the Saudi Arabian job market over the first six months of 2026, representing an impressive growth of 23 per cent in comparison with the same period of the previous year. The performance indicators officially announced by the government-owned Saudi Press Agency have reported that HRDF has allocated roughly SAR4.9 billion ($1.3 billion) for direct funding in the specified period of time. The capital inflow was directly utilised to launch various courses of specialised training, empowerment of the workforce, and career guidance services that facilitate seamless integration of highly competitive national manpower into lucrative job roles in the private sector. ![Five professionals posing in a modern office, arms crossed, with a large line chart on screen in the background.](https://turkbusinessnews.com/wp-content/uploads/2026/08/134-1024x737.jpg "134 -")Overall public engagement with the state development fund expanded substantially during the first half of the year, with more than 1.69 million Saudi nationals actively benefiting from HRDF services and institutional support frameworks. The organisation’s expanding developmental outreach aimed at elevating national skill sets directly aligns with long-term structural workforce goals established under Saudi Vision 2030 and the National Human Capability Development Program. Institutional employer participation recorded parallel double-digit growth over the same timeframe. The total number of corporate entities and commercial establishments benefiting from HRDF services exceeded 171,000 across multiple economic sectors, representing a robust 25 percent year-on-year increase. Notably, micro, small, and medium-sized enterprises (MSMEs) accounted for 95 percent of all beneficiary businesses, underscoring dedicated institutional efforts to bolster local private sector enterprise growth, aid operational scaling, and accelerate Saudi talent recruitment. Commenting on the operational metrics, HRDF Director General Turki Al-Jawini emphasized that the fund remains steadfastly committed to expanding integrated strategic partnerships with government authorities and private sector organizations. Al-Jawini highlighted that these collaborative efforts focus on innovating more flexible, highly efficient support mechanisms that elevate job readiness among Saudi men and women, ensuring their sustainable entry into quality private sector employment while driving sustainable national economic diversification. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** Other **Tags:** HRDF, saudiarabia, saudijob --- ### [Damascus Court Sentences Wasim al-Assad to Death for War Crimes](https://turkbusinessnews.com/2026/08/18/damascus-court-sentences-wasim-al-assad-to-death-for-war-crimes/) **Published:** August 18, 2026 **Author:** Samridhi Puri **Content:** The Fourth Criminal Court of Damascus ruled in absentia on Tuesday a death sentence on Wasim al-Assad, who is a cousin of former president of Syria, Bashar al-Assad, after his indictment for war crimes and crimes against humanity during the reign of the former government. The judge, Fakhr al-Din al-Oryan, pronounced the decisive ruling during the sixth session of this highly publicised trial. According to the court, all the evidence presented was enough to prove that al-Assad played a direct role as a leader of the armed paramilitary groups that were acting based on orders from Fourth Division commander Brigadier General Ghiath Dalla. The groups carried out the military attacks against the civilian population in Eastern Ghouta, especially the town of Al-Mleiha. ![Judge seated at a wooden bench in a courtroom, red-trimmed robe, with a flag behind and attendees facing the panel.](https://turkbusinessnews.com/wp-content/uploads/2026/08/132-1024x737.jpg "132 -")The judicial panel further convicted al-Assad on multiple counts of premeditated murder, systematic torture, armed robbery, and targeted kidnapping. The final ruling specifically highlighted an aggressive raid in the Damascus suburb of Jaramana, where al-Assad’s loyalist militants stormed a commercial establishment, looted private property, and abducted the business owner over his explicit political opposition to the ruling government. Beyond battlefield atrocities and civilian intimidation, the prosecution detailed his central role in running illicit drug trafficking networks—most notably the regional smuggling of Captagon—alongside organised extortion rings. As part of the court order, Judge al-Oryan mandated the immediate execution of capital punishment alongside the conversion of all precautionary freezes on al-Assad’s movable and immovable assets into permanent state seizures for the national treasury. Official representatives from the National Transitional Justice Commission and international human rights monitors observed the courtroom proceedings. Arrested near the Syrian-Lebanese border in June 2025 during a coordinated intelligence operation, al-Assad remains the only prominent member of the former ruling family to face justice in person. Although the judgement is subject to appeal before the Court of Cassation, the landmark ruling marks a fundamental turning point in Syria’s evolving post-regime transitional justice framework. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** International **Tags:** Syria, Wasimal-Assad --- ### [Saudi Gold Refinery Bids for Gold Exploration Licenses in Egypt’s Eastern Desert](https://turkbusinessnews.com/2026/08/18/saudi-gold-refinery-applies-exploration-licenses-egypt/) **Published:** August 18, 2026 **Author:** Samridhi Puri **Content:** The Saudi Gold Refinery Company has officially placed bids on exploration licences in mineral-bearing areas in the Egyptian Eastern Desert, representing a major expansion across borders in the regional mining industry. According to Al-Othaim in an interview with Asharq Bloomberg, the company’s plan is to obtain mining licences and begin commercial gold mining operations prior to 2030. The company’s bid follows the issuance of an international tender in Cairo with 260 blocks through an open block system that allows for continual bidding with flexible royalties and taxes. Suliman Al-Othaim noted that the Riyadh-based mining firm possesses adequate capacity and funds to develop each stage of the operation from exploration to complete mine development. The company envisions developing assets in Egypt capable of matching the production output and operational scale of the renowned Sukari mine. ![Two construction workers in hard hats and neon vests stand on a rocky ledge, pointing toward an expansive desert open-pit mine in the distance.](https://turkbusinessnews.com/wp-content/uploads/2026/08/129-1024x737.jpg "129 -")According to an Egyptian government official, the Saudi operator is targeting at least five specific blocks, concentrating on high-concentration deposits near Al-Baramiya, south of Marsa Alam in the Red Sea Governorate. Prior partnership discussions between the company and Egypt’s state-owned Shalateen Mineral Resources Company previously stalled due to structural disagreements over concession terms, with the Saudi firm insisting on a royalty-and-tax setup rather than a production-sharing agreement. Established in 2008, Saudi Gold Refinery Co. holds approximately 25 domestic exploration permits across 150 locations within Saudi Arabia. The push into Egypt coincides with Cairo’s broader economic drive to attract $1 billion in yearly mining investment and boost annual gold yield to 800,000 ounces by 2030. The strategic venture reflects a broader alignment between Saudi capital and Egypt’s economic ambition to transform its mining sector into a core growth pillar. By leveraging its financial self-reliance and domestic operational expertise, Saudi Gold Refinery Company aims to unlock untapped mineral wealth in the Eastern Desert, directly supporting Cairo’s goal of expanding annual gold production and securing crucial foreign direct investment. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** Finance **Tags:** eygypteasterndessert, saudigoldrefinery --- ### [Saudi Arabia Strongly Condemns Drone Attack on Iraqi Kurdistan PM’s Office](https://turkbusinessnews.com/2026/08/18/saudi-arabia-condemns-attack-iraqi-kurdistan-pm-office/) **Published:** August 18, 2026 **Author:** Samridhi Puri **Content:** In response to a targeted attack against the office of Prime Minister of the KRG, Masrour Barzani, Saudi Arabia has issued a clear condemnation of the assault, labelling the attack an obvious breach of the territorial sovereignty of Iraq. This latest diplomatic reaction by Saudi Arabia highlights increasing concerns in the region about the implications of unilateral military activities that could affect political stability in the region as a whole. As per an official statement issued by the Saudi Ministry of Foreign Affairs on Tuesday, the Kingdom of Saudi Arabia categorically rejects any hostile action against any legitimate political figures and government facilities. ![Rocket launch leaving an orange flame and white contrail diagonally across a blue sky.](https://turkbusinessnews.com/wp-content/uploads/2026/08/127-1024x737.jpg "127 -")Saudi diplomatic authorities emphasised that operational strikes directed against institutional leadership pose a grave threat to governance across the Republic of Iraq, while directly undermining broader international efforts to preserve regional peace and security. The diplomatic intervention follows an explosive drone strike targeting Prime Minister Barzani’s executive premises in the Pirmam district near Erbil on Monday. KRG security agencies reported that two explosive-laden unmanned aerial vehicles carried out the coordinated strike from across the Iranian border, sparking widespread domestic and international condemnation. While the strike resulted in immediate physical damage to government infrastructure, no human casualties were reported, and Regional Government authorities vowed to maintain operational continuity and public safety throughout the autonomous territory. In its official declaration, the Ministry of Foreign Affairs reiterated Saudi Arabia’s foundational foreign policy doctrine regarding strict non-intervention in sovereign state governance. Riyadh reaffirmed its unwavering opposition to external interference in internal domestic affairs, calling upon all neighbouring powers to adhere strictly to established international legal frameworks, respect territorial borders, and honour principles of good neighbourliness. Saudi Arabia further confirmed its complete diplomatic solidarity with both the federal government in Baghdad and regional leadership in Erbil, pledging ongoing support for state measures intended to safeguard Iraqi institutions, maintain public order, and protect sovereign integrity against external hostility. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** International **Tags:** droneattack, Iraqi, saudiarabia --- ### [Designkit Launches AI Video Platform that Turns Product Photos Into E-Commerce Marketing Videos](https://turkbusinessnews.com/2026/08/17/designkit-launches-ai-video-platform-that-turns-product-photos-into-e-commerce-marketing-videos/) **Published:** August 17, 2026 **Author:** News Desk **Excerpt:** New platform turns existing product images into marketing videos for online stores, social media campaigns and digital advertising in minutes SAN FRANCISCO — Designkit is pleased to announce the release of its AI video platform that helps online sellers turn existing product… **Content:** **New platform turns existing product images into marketing videos for online stores, social media campaigns and digital advertising in minutes** SAN FRANCISCO — Designkit is pleased to announce the release of its AI video platform that helps online sellers turn existing product photos into ready-to-use videos for e-commerce platforms, social media channels, and digital advertising. According to the company, a single product may appear across an online store, marketplace listings, social media posts and paid advertisements. Each channel often requires a different video length, format or message. Producing those variations through conventional filming and editing can become difficult to manage, particularly for brands with large or frequently changing product catalogues. Designkit was created to remove some of the practical barriers that have traditionally slowed video production. Brands can begin with product images already used in their stores or catalogues and turn them into video content without arranging a shoot or editing each piece from the ground up. “E-commerce teams are under growing pressure to publish more video content, but traditional production methods are not always practical when a brand has dozens or hundreds of products,” said a Designkit spokesperson. “Designkit is intended to make video creation a repeatable part of the marketing workflow, helping businesses move from a product image to campaign-ready content without rebuilding the production process for every asset.” Through Designkit’s marketing video creation tools, businesses can turn existing product assets into content for launches, seasonal promotions, marketplace listings and advertising campaigns. Its image-to-video generator can adapt product photography into videos for channels such as TikTok, Instagram, YouTube and online storefronts, giving brands a practical way to extend the use of material they already have. The platform also supports a range of formats through its AI video ad maker, including product demonstrations, explainers, before-and-after videos, promotional clips and UGC-style creative. Designkit’s AI unboxing video maker provides another option for presenting the opening and discovery of a product without organizing a conventional unboxing shoot. For businesses managing several products or frequent campaigns, the broader benefit is a more manageable creative workflow. Teams can prepare content for different products, audiences and placements from one platform, making it easier to test ideas, refresh campaigns and maintain a steady flow of video across sales and marketing channels. For more information, please visit https://www.designkit.com/ **About Designkit** Designkit is an AI-powered creative platform that helps businesses create product images, marketing visuals and promotional videos for e-commerce, social media and digital advertising. Its tools are designed to support online sellers, brands and marketing teams seeking to produce consistent creative content more efficiently while reducing the time and resources associated with traditional production. ***Syndication Notice:** This press release is syndicated from the [original source](https://www.globenewswire.com/news-release/2026/08/18/3346565/0/en/designkit-launches-ai-video-platform-that-turns-product-photos-into-e-commerce-marketing-videos.html) for informational purposes. We do not claim ownership of the content. All copyrights, trademarks, images, and other intellectual property remain the property of their respective owners.* The post [Designkit Launches AI Video Platform that Turns Product Photos Into E-Commerce Marketing Videos](https://menawirenow.com/2026/08/designkit-launches-ai-video-platform/) first appeared on [MENAWireNOW](https://menawirenow.com). **Publishing Source::** [menawirenow.com](https://menawirenow.com/2026/08/designkit-launches-ai-video-platform/?utm_source=rss&utm_medium=rss&utm_campaign=designkit-launches-ai-video-platform) ![author avatar](https://secure.gravatar.com/avatar/4e3a45e03c0bce69b866fb10b522d054c74b2afa03adaeb29a3148d4aadd366e?s=300&d=mm&r=g) News Desk [See Full Bio](https://turkbusinessnews.com/author/news-desk/) [ ](https://turkbusinessnews.com/author/news-desk/) **Categories:** Press Release --- ### [Kailas FUGA Continues Trail Shoe Innovation with New FUGA EX PRO G](https://turkbusinessnews.com/2026/08/18/kailas-fuga-continues-trail-shoe-innovation-with-new-fuga-ex-pro-g/) **Published:** August 18, 2026 **Author:** News Desk **Excerpt:** GUANGZHOU, China — Kailas FUGA has announced the FUGA EX PRO G for Autumn 2026 just ahead of some of Europe’s biggest trail races. Engineered for elite trail runners, the FUGA EX PRO G includes an integrated, protective gaiter and… **Content:** GUANGZHOU, China — Kailas FUGA has announced the FUGA EX PRO G for Autumn 2026 just ahead of some of Europe’s biggest trail races. Engineered for elite trail runners, the FUGA EX PRO G includes an integrated, protective gaiter and a lighter version of the carbon plate racing structure that has made the FUGA EX PRO such a success on podiums since it launched in 2025. The G (gaiter) model benefits from a sock-like ankle cover that prevents gravel and debris from entering the shoe. Weighing just 269g with a 5mm drop and lug depth 4/6 mm this is one of the lightest in the industry. The 30-100k distance shoe is designed for use by advanced and elite ultra-distance trail runners on mixed terrain. The shoe has already been chosen by several Kailas FUGA athletes for maximising their 2026 performances whilst competing at UTMB and TorX® with Kailas. With a superior cushioning foundation, the FUGA EX PRO G delivers enhanced breathability, and lightweight greater rebound, while its innovative zoned double-lug depth design ensures ultra-strong grip across diverse terrains. All Kailas FUGA’s shoes are tested through feedback from elite Kailas FUGA Team athletes and FUGA Mountain Club, its running community of 500+ athletes. Each model undergoes a multi-stage process to refine the design overseen by Head of Product Development, Kailas FUGA Founder Baggio ZHONG. Kailas FUGA, Brand Director, Nina SUN explained “Following the success of the FUGA EX PRO which has been seen on podiums over 200 times, the FUGA EX PRO G was designed in response to demand from our elites for a design which tackles the frustration of small stones and earth entering the shoe whilst moving at speed. Working together with partner Vibram, we have enhanced the design whilst continuing our Kailas FUGA proprietary Power Grip.” Kailas FUGA’s Power Grip is a solution which enables athletes to tackle any trail with strength and speed whether on rocky slopes or muddy paths. Power Grip soles feature Vibram MEGAGRIP offering up to 30% better grip than standard rubber; Vibram LITEBASE, reducing weight by up to 30%; and Vibram TRACTION LUG, improving traction by up to 25%. Kailas FUGA’s XDiMESH upper enables rapid heat dissipation and moisture wicking. ***Syndication Notice:** This press release is syndicated from the [original source](https://www.globenewswire.com/news-release/2026/08/18/3346586/0/en/kailas-fuga-continues-trail-shoe-innovation-with-new-fuga-ex-pro-g.html) for informational purposes. We do not claim ownership of the content. All copyrights, trademarks, images, and other intellectual property remain the property of their respective owners.* The post [Kailas FUGA Continues Trail Shoe Innovation with New FUGA EX PRO G](https://menawirenow.com/2026/08/kailas-fuga-continues-trail-shoe-innovation/) first appeared on [MENAWireNOW](https://menawirenow.com). **Publishing Source::** [menawirenow.com](https://menawirenow.com/2026/08/kailas-fuga-continues-trail-shoe-innovation/?utm_source=rss&utm_medium=rss&utm_campaign=kailas-fuga-continues-trail-shoe-innovation) ![author avatar](https://secure.gravatar.com/avatar/4e3a45e03c0bce69b866fb10b522d054c74b2afa03adaeb29a3148d4aadd366e?s=300&d=mm&r=g) News Desk [See Full Bio](https://turkbusinessnews.com/author/news-desk/) [ ](https://turkbusinessnews.com/author/news-desk/) **Categories:** Press Release --- ### [ZTE Reinforces Middle East Strategy Through Full-stack AI Infrastructure Innovation](https://turkbusinessnews.com/2026/08/14/zte-reinforces-middle-east-strategy-through-full-stack-ai-infrastructure-innovation/) **Published:** August 14, 2026 **Author:** News Desk **Excerpt:** As artificial intelligence reshapes industries and economies worldwide, AI infrastructure has become the foundation of the next wave of digital transformation. Nowhere is this transformation more evident than in the Middle East, where sovereign AI initiatives, hyperscale data centers and… **Content:** As artificial intelligence reshapes industries and economies worldwide, AI infrastructure has become the foundation of the next wave of digital transformation. Nowhere is this transformation more evident than in the Middle East, where sovereign AI initiatives, hyperscale data centers and cloud investments are rapidly positioning the region as one of the world’s fastest-growing AI markets. Against this backdrop, ZTE Corporation is reinforcing its long-term commitment to the Middle East through enhanced regional leadership, continued technology innovation and deeper local engagement. **A Showcase of AI Excellence at WAIC 2026**ZTE’s commitment was on full display at the recently concluded World Artificial Intelligence Conference (WAIC 2026) in Shanghai, where the company made a powerful statement with its full-stack AI capabilities. ZTE obtained the WAIC SAIL Award for the second consecutive year. This back-to-back recognition underscores ZTE’s leadership in AI infrastructure innovation, full-stack optimization and large-scale deployment. **The World’s First AI Agent Phone**Arguably the most talked-about announcement at WAIC 2026 was the unveiling of the world’s first AI agent phone: nubia NaviX Ultra. A mass-production flagship co-developed by ZTE’s nubia brand and Doubao AI assistant, the device fundamentally redefines how humans interact with their smartphones. ![ZTE Reinforces Middle East Strategy Through Full-stack AI Infrastructure Innovation](https://menawirenow.com/wp-content/uploads/2026/08/ZTE-Reinforces-Middle-East-Strategy-Through-Full-stack-AI-Infrastructure-Innovation-2.webp "-") Unlike conventional handsets that demand manual input at every step, nubia NaviX Ultra comes equipped with a native AI agent that transcends typical AI-powered features. It doesn’t just assist—it autonomously understands user intent, executes complex tasks, and remembers preferences for future interactions. All it takes is a single voice command. As ZTE puts it: “One sentence—nubia handles it all.” **ZTE Strategic Positioning: An End-to-End AI Comprehensive Solution Provider**Guided by its “Connectivity + Computing” strategy, ZTE is evolving from a connectivity leader into a comprehensive provider of intelligent computing infrastructure. With over 40 years of ICT expertise, ZTE has been recognized as one of the world’s leading ICT providers. The company ranks No. 2 globally in 5G infrastructure shipments for 6 consecutive years and No. 1 worldwide in CPE market share for 5 consecutive years, with 100+ million annual shipments of home terminal products, including PON ONT, DSLÐ CPE, and STB. ![ZTE Reinforces Middle East Strategy Through Full-stack AI Infrastructure Innovation](https://menawirenow.com/wp-content/uploads/2026/08/ZTE-Reinforces-Middle-East-Strategy-Through-Full-stack-AI-Infrastructure-Innovation-3-1024x683.webp "-") Today, the company positions itself as an end-to-end AI solution provider, delivering TCO-optimized “AI factories” that cover the entire infrastructure value chain – from high-performance computing clusters and intelligent energy systems to ultra-low-latency networks. **Building the AI Infrastructure Foundation**In the AI infrastructure domain, ZTE focuses on three critical capabilities — computing, energy, and networking — to build highly reliable, efficient and scalable intelligent computing platforms. ![ZTE Reinforces Middle East Strategy Through Full-stack AI Infrastructure Innovation](https://menawirenow.com/wp-content/uploads/2026/08/ZTE-Reinforces-Middle-East-Strategy-Through-Full-stack-AI-Infrastructure-Innovation-4-1024x683.webp "-") On the computing front, ZTE can provide ultra-high-bandwidth, low-latency connectivity for large AI model training and inference. With its openness, ZTE platform is fully compatible with diverse GPU ecosystems, supporting flexible compute matching. On the energy front, ZTE is accelerating innovation in intelligent energy solutions to support the rapid growth of AI infrastructure. The company offers a comprehensive portfolio including Battery Energy Storage Systems (BESS), smart power distribution, liquid cooling, integrated energy management and green data center solutions. These technologies work in concert to improve energy efficiency, optimize operating costs and reduce carbon emissions. With full-stack liquid cooling technology, ZTE’s data centers achieve a PUE below 1.15, while the integration of renewable energy sources further enhances sustainability. By combining its expertise in both ICT and power technologies, ZTE helps customers build energy-resilient AI facilities that meet the demanding requirements of hyperscale computing. On the networking front, ZTE offers a comprehensive portfolio of data center switches and routers for AI workloads. These solutions deliver massive switching capacity up to 51.2 Tbps with high-density 400GE and 800GE interfaces, support lossless RoCE for low-latency fabric, and incorporate intelligent load balancing and congestion control algorithms to optimize throughput in large-scale AI clusters. **A Proven Capability in Middle East Region**ZTE has been a trusted partner in the Middle East for over two decades. ZTE has built a large-scale logistics hub located in Dubai. This strategic facility serves as a regional supply and transshipment center, efficiently distributing equipment across the Gulf Cooperation Council (GCC) countries and the whole Middle East region. ZTE’s engineering and delivery capabilities go far beyond traditional equipment supply. By integrating technical subcontractors, construction teams and local partners, ZTE ensures that projects are not only built to quality but also fully compliant with local regulations and practices. ZTE, with its ecological partners, has delivered numerous successful projects in the Middle East, such as public cloud solutions and future-proof networks. **Driving Value for the Middle East’s AI Future**As the Middle East accelerates its journey to become a global AI hub, ZTE is uniquely positioned to bring together connectivity, intelligent computing and sustainable energy to shape the region’s next-generation digital economy. With its end-to-end AI infrastructure capabilities — spanning high-performance computing clusters, smart energy systems and high-speed networks — ZTE offers a comprehensive partner for sovereign AI initiatives, hyperscale data centers and enterprise AI deployments. Looking ahead, ZTE will continue to invest in technology innovation, local partnerships and talent development across the Middle East. With AI positioned as the company’s main strategic focus and sustained high R&D investment, ZTE aims to become the best-in-class provider of end-to-end AI infrastructure solutions — working alongside regional stakeholders to build an intelligent, resilient and sustainable digital future, where connectivity and trust are accessible to all. The post [ZTE Reinforces Middle East Strategy Through Full-stack AI Infrastructure Innovation](https://menawirenow.com/2026/08/zte-reinforces-middle-east-strategy-through/) first appeared on [MENAWireNOW](https://menawirenow.com). **Publishing Source::** [menawirenow.com](https://menawirenow.com/2026/08/zte-reinforces-middle-east-strategy-through/?utm_source=rss&utm_medium=rss&utm_campaign=zte-reinforces-middle-east-strategy-through) ![author avatar](https://secure.gravatar.com/avatar/4e3a45e03c0bce69b866fb10b522d054c74b2afa03adaeb29a3148d4aadd366e?s=300&d=mm&r=g) News Desk [See Full Bio](https://turkbusinessnews.com/author/news-desk/) [ ](https://turkbusinessnews.com/author/news-desk/) **Categories:** Press Release --- ### [Saudi Arabia Promotes Scenic Overland Travel Corridors to Historic AlUla](https://turkbusinessnews.com/2026/08/14/prince-khalid-meets-iraq-top-general-defense-talks-2/) **Published:** August 14, 2026 **Author:** Samridhi Puri **Content:** There are several prominent overland routes that have been noted from Jeddah, Madinah, and Tabuk towards AlUla, making the overland trip part of the cultural and environmental tourism strategy of Saudi Arabia. The extensive network of roads will provide access to the gateway cities straight into AlUla’s historic oasis. Travellers visiting Saudi Arabia will get to experience the diversity of the country’s landscape through this road network, according to Saudi Press Agency reports. There will be abundant opportunities for travellers they can take self-drive trips to historical locations, coastlines, and volcanic formations, among others. ![Car driving on a winding desert road toward towering rock formations near AlUla, with a brown sign listing AlUla, Hegr(a), and Old Town AlUla in Arabic and English.](https://turkbusinessnews.com/wp-content/uploads/2026/08/126-1024x737.jpg "126 -")Each distinct travel route showcases a unique geographic and cultural cross-section of the Kingdom. The coastal corridor from Jeddah runs along the Red Sea shoreline before cutting east toward the historic valley. Meanwhile, the southern route originating in Madinah stretches across approximately 383 kilometres, guiding motorists through the volcanic fields and heritage sites of Khaybar on a four- to five-hour drive. Travellers departing from Tabuk navigate a 295-kilometre northern corridor that cuts across open desert horizons, completing the journey in roughly four hours. Upon arrival in AlUla, the internal road network connects visitors directly to world-renowned archaeological sites, dramatic sandstone formations, and cultural venues embedded within the lush palm groves of the central oasis. The promotion of regional overland travel aligns with broader national efforts under Vision 2030 to establish Saudi Arabia as a premier global destination. By turning transportation routes into curated tourism experiences, authorities aim to drive economic diversification, spur regional business along key highway corridors, and showcase the Kingdom’s rich heritage landscapes year-round. Through continued investments in regional road networks, clear travel logistics, and regional infrastructure, Saudi officials are positioning road trips as an accessible, high-value component of the country’s growing leisure economy. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** Other **Tags:** tourism, travelinfrastructure --- ### [Saudi Defence Minister Holds High-Level Security Talks With Iraqi Military Chief](https://turkbusinessnews.com/2026/08/14/prince-khalid-meets-iraq-top-general-defense-talks/) **Published:** August 14, 2026 **Author:** Samridhi Puri **Content:** Prince Khalid Bin Salman, the Defence Minister of Saudi, holds a strategy discussion with Iraq’s Commander General Abdul Amir al-Shaamari in the kingdom. The discussion seeks to enhance defence cooperation and guarantee regional stability. The discussion represents an important diplomatic effort by the Saudi government to strengthen its security relations with Baghdad amid rising regional tensions. Both military chiefs emphasised the need for continuous military involvement to safeguard common security concerns and ensure that regional tensions do not arise, with Prince Khalid restating his country’s intention to work with Iraq to maintain regional stability and sovereignty. During the discussion, the two discussed issues concerning defence agreements, military cooperation, and security concerns in the Middle East region. ![Saudi and Iraqi flags flank a golden handshake sculpture on a polished conference table with water bottles and notepads nearby, signaling diplomatic talks.](https://turkbusinessnews.com/wp-content/uploads/2026/08/123-1024x737.jpg "123 -")Reaffirming the neighbourly bonds between the two nations, the Saudi defence minister emphasised that the Kingdom stands firmly behind Iraq’s ongoing efforts toward economic prosperity, internal peace, and territorial security. These high-level consultations follow a series of sensitive intelligence engagements between the two nations. Just last week, Saudi Arabia’s intelligence chief Khalid al-Hmeidan travelled to Baghdad to confer with the Iraqi prime minister, delivering a renewed official invitation for a state visit to Riyadh after previous diplomatic plans were postponed due to cross-border security concerns. The security talks take place against a complex strategic backdrop in the region. Verified reports indicate heightened concern over potential hostile manoeuvres involving regional proxy groups. In response to previous threats originating from non-state actors in the region, Saudi Arabia conducted coordinated defensive military operations alongside American forces last month, targeting infrastructure utilised by hostile armed groups. By maintaining direct lines of communication between defence officials and intelligence leaders, Riyadh and Baghdad aim to establish robust security safeguards, enhance border monitoring capabilities, and prevent regional hostilities from escalating into wider conflicts that could impact stability across the Arabian Peninsula and broader Middle East. ###### n ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** International **Tags:** iraqmilitarychief, securitytalk --- ### [Saudi Crown Prince, CENTCOM Chief Hold High-Level Security Talks in Riyadh](https://turkbusinessnews.com/2026/08/14/mbs-meets-centcom-chief-saudi-us-defense-cooperation/) **Published:** August 14, 2026 **Author:** Samridhi Puri **Content:** The high-level security talk held in the capital of Saudi Arabia on Thursday was held by Saudi Crown Prince Mohammed bin Salman and Admiral Brad Cooper, commander of United States Central Command. The agenda of the meeting is to deepen military cooperation and coordinate strategic efforts to reduce regional tensions. The meeting shows that both countries are strengthening their strategic defence relationship during a time when security issues are complicated across the Middle East. As allies, both nations are still focused on keeping the region stable, building strong defence systems together and protecting important sea routes that are used by many countries. According to official reports released by the Saudi Press Agency, the conference centred on strengthening bilateral defence integration, evaluating joint military initiatives, and reviewing pressing geopolitical developments in the region. During the audience, the Crown Prince and the CENTCOM commander discussed practical avenues to lower regional friction while examining ongoing collaboration between the Saudi Armed Forces and American military personnel operating within CENTCOM’s regional area of responsibility. ![Military officers in camouflage uniforms discuss a map at a conference table with laptops and phones visible, signaling a briefing or planning session.](https://turkbusinessnews.com/wp-content/uploads/2026/08/121-1024x737.jpg "121 -")Military and security coordination continues to serve as a cornerstone of the broader US-Saudi strategic alliance. This bilateral foundation is continually strengthened through structured defence consultations, joint military training exercises, intelligence-sharing mechanisms, and co-developed maritime defence initiatives designed to ensure freedom of navigation throughout the Red Sea, the Gulf of Aden, and the Arabian Gulf. Admiral Cooper’s consultation with the Saudi leadership reflects Washington’s commitment to maintaining close defence synchronisation with key partners in the Arabian Peninsula. The talks underscore Riyadh’s influential diplomatic and military role in shaping regional stability through constructive engagement, defence modernisation, and strategic risk mitigation. By continually reinforcing formal military channels, expanding intelligence cooperation, and maintaining direct operational communication, both Riyadh and Washington aim to enhance their shared capacity to counter emerging security threats, protect critical regional infrastructure, and foster a durable security architecture supporting long-term peace and economic resilience throughout the wider Middle East region. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** International **Tags:** riyadh, securitytalk --- ### [KAIYI X7 Hybrid: Efficient Power for Every Journey](https://turkbusinessnews.com/2026/08/13/kaiyi-x7-hybrid-efficient-power-for-every-journey/) **Published:** August 13, 2026 **Author:** News Desk **Excerpt:** YIBIN, China — Launched globally in the first half of 2026, the KAIYI X7 Hybrid answers families’ mobility needs. Combining efficient hybrid performance and extended range, it supports daily commuting and long-distance travel through KAIYI Super Hybrid technology. Five Intelligent… **Content:** YIBIN, China — Launched globally in the first half of 2026, the KAIYI X7 Hybrid answers families’ mobility needs. Combining efficient hybrid performance and extended range, it supports daily commuting and long-distance travel through KAIYI Super Hybrid technology. **Five Intelligent Modes for Diverse Scenarios** The system pairs a dedicated 1.5T hybrid engine with two electric motors. The engine delivers maximum power of 115 kW and maximum torque of 220 N·m; the drive motor produces peak power of 150 kW and peak torque of 310 N·m. Maximum combined power and torque reach 265 kW and 530 N·m, respectively. Based on speed, power demand and battery charge, the system switches among EV, series hybrid, parallel hybrid, direct engine drive and regenerative braking. EV mode enables smooth, quiet low-speed driving. When the battery charge is low or the vehicle is traveling at low to moderate speeds, series mode keeps the engine operating efficiently while the motor powers the wheels. During hard acceleration, overtaking or climbing, parallel mode combines engine and motor output. At steady highway speeds, direct drive reduces conversion losses, while regenerative braking recovers energy during deceleration. **Efficient Power for Daily Use** Together, these modes balance performance and efficiency as driving conditions change. The dedicated 1.5T engine achieves a peak thermal efficiency of 44.5%. In stop-start traffic, low-speed driving and acceleration, the electric motor shares the power demand, helping it avoid inefficient operating ranges. Under NEDC conditions, depleted-battery fuel consumption is 5.2 L/100 km, helping reduce refueling frequency and running costs for families. **Longer Range, Greater Freedom** This fuel-saving performance lays the foundation for longer journeys. With a combined range of up to 1,200 km, the X7 Hybrid makes road trips, intercity travel and journeys where charging is limited easier to plan. Drivers benefit from convenient refueling and efficient electric drive. An NEDC electric range of up to 105 km can cover commutes and school runs, with the engine ready for longer journeys. **Hybrid Technology: Perfect Choice for Families** From low fuel consumption to extended range, KAIYI Super Hybrid technology balances efficiency, refueling and travel freedom. As the X7 Hybrid enters global markets, KAIYI will continue developing electrified mobility around real-world needs, delivering efficient and reliable hybrid mobility for families worldwide. Wang Hanlu Senior Brand Manager Email: wanghanlu@newcowin.com ***Syndication Notice:** This press release is syndicated from the [original source](https://www.globenewswire.com/news-release/2026/08/13/3344252/0/en/kaiyi-x7-hybrid-efficient-power-for-every-journey.html) for informational purposes. We do not claim ownership of the content. All copyrights, trademarks, images, and other intellectual property remain the property of their respective owners.* The post [KAIYI X7 Hybrid: Efficient Power for Every Journey](https://menawirenow.com/2026/08/kaiyi-x7-hybrid-efficient-power-for-every-journey/) first appeared on [MENAWireNOW](https://menawirenow.com). **Publishing Source::** [menawirenow.com](https://menawirenow.com/2026/08/kaiyi-x7-hybrid-efficient-power-for-every-journey/?utm_source=rss&utm_medium=rss&utm_campaign=kaiyi-x7-hybrid-efficient-power-for-every-journey) ![author avatar](https://secure.gravatar.com/avatar/4e3a45e03c0bce69b866fb10b522d054c74b2afa03adaeb29a3148d4aadd366e?s=300&d=mm&r=g) News Desk [See Full Bio](https://turkbusinessnews.com/author/news-desk/) [ ](https://turkbusinessnews.com/author/news-desk/) **Categories:** Press Release --- ### [Türkiye, Iraq discuss steps to boost trade to $30B](https://turkbusinessnews.com/2026/08/12/turkiye-iraq-discuss-steps-to-boost-trade-to-30b/) **Published:** August 12, 2026 **Author:** spsingh **Content:** Türkiye and Iraq discussed steps to increase bilateral trade to $30 billion during talks in Ankara on Wednesday, Turkish Trade Minister Ömer Bolat said. Bolat met with Iraqi Ambassador to Ankara Majid Abdul Ridha Hassan Al-Lachmawi, according to a statement he posted on the Turkish social media platform NSosyal. The two discussed efforts to implement agreements reached during Iraqi Prime Minister Ali Falih al-Zeydi’s visit to Türkiye last month, the Turkish trade minister said. He said strengthening cooperation under the Development Road Project and steps to raise bilateral trade volume to $30 billion were at the center of the meeting. The two sides also consulted on resolving the issues faced by Turkish exporters, Bolat said. “We once again reaffirmed our commitment to further advancing our relations with our neighbor Iraq through concrete projects,” Bolat said. He noted that Iraq ranked fifth among Türkiye’s export markets in 2025, as Turkish exports to the country reached approximately $12.4 billion in 2025. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Business **Tags:** 30B, Boost, discuss, Iraq, steps, trade, Türkiye --- ### [Supporting Palestine is shared responsibility of all humanity: Turkish president](https://turkbusinessnews.com/2026/08/12/supporting-palestine-is-shared-responsibility-of-all-humanity-turkish-president/) **Published:** August 12, 2026 **Author:** spsingh **Content:** Supporting Palestine is a shared responsibility of all humanity, particularly the Muslim world, Turkish President Recep Tayyip Erdoğan said Wednesday. “We, as Türkiye, will continue to strongly defend the Palestinian cause on every platform,” he added. Erdoğan also said the “genocidal Netanyahu government” continues its illegal actions in the occupied West Bank and occupied East Jerusalem “before the eyes of the entire world.” “The existence of a sovereign Palestinian state is being undermined. It is impossible to ignore this or remain indifferent to it,” he said. Erdoğan called for the necessary conditions to be established as soon as possible to launch the reconstruction and rebuilding process in Gaza and ensure security in the enclave. “We are particularly strongly opposed to provocations aimed at changing the status quo at Al-Aqsa Mosque, our first qibla, and other holy sites,” Erdoğan said. Reiterating Ankara’s support for Palestinian statehood, Erdoğan said Türkiye would resolutely work for the establishment of an independent, geographically contiguous Palestinian state based on the 1967 borders, with occupied East Jerusalem as its capital. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** National **Tags:** humanity, Palestine, President, responsibility, shared, Supporting, Turkish --- ### [Mecca Agreement could be starting point for regional stability, security: Palestinian president](https://turkbusinessnews.com/2026/08/12/mecca-agreement-could-be-starting-point-for-regional-stability-security-palestinian-president/) **Published:** August 12, 2026 **Author:** spsingh **Content:** The Mecca Joint Defense Agreement could be a starting point for ensuring regional stability and security, Palestinian President Mahmoud Abbas said Wednesday. Abbas said he and Erdoğan held “very important and productive” talks on developments in the region and bilateral relations, adding that they agreed to strengthen bilateral dialogue. He said a just peace could only be achieved by ending the occupation and establishing an independent Palestinian state with occupied East Jerusalem as its capital. Abbas said achieving this goal within the framework of international law and the Arab Peace Initiative was important. “I thank President Erdoğan and brotherly Türkiye for their support for our rights and the cause of the Palestinian people,” he said. Abbas also thanked Türkiye for providing humanitarian aid to Gaza, hosting Palestinian students, and treating patients and the wounded. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** International **Tags:** agreement, mecca, Palestinian, point, President, regional, security, stability, starting --- ### [Turkey’s financial crisis: Erdogan needs to make new friends | The Strategist](https://turkbusinessnews.com/2026/08/12/turkeys-financial-crisis-erdogan-needs-to-make-new-friends-the-strategist/) **Published:** August 12, 2026 **Author:** spsingh **Content:** One of the drawbacks of amassing untrammelled power, Turkish President Recep Tayyip Erdogan might ruefully reflect, is that he’s saddled with every decision and blamed for every crisis. After finally ascending to one-man rule in elections at the end of June, it was a matter of weeks before Erdogan was hurled into a currency crisis—which threatens to turn into a full-blown financial crisis that may weaken his iron grip on the country. But Erdogan doesn’t usually do reflection. His primary tactic is to polarise, loudly, in barnstorming tours of Turkey and in daily tirades on television channels that hang on his every outburst. These are methods that have served him well. With June’s dual general and presidential elections, he has clocked up 14 victories in more than 15 years in power, first as prime minister and then as president. But running an economy isn’t the same thing as running for office. And for Erdogan, economics has only ever been an accoutrement—to be artfully draped around the election calendar. His ruling Justice and Development Party (AKP) came to power in 2002 just as Turkey emerged from its worst financial crisis since 1945. He hasn’t really had to make hard economic choices. He does now. Turkey is facing an economic emergency, the essentials of which were already in place before Erdogan fell out spectacularly last month with US President Donald Trump, hitherto such an admirer of the Turkish strongman that he fist-bumped him at July’s NATO summit. Turkey’s economy faces many of the problems afflicting emerging markets, from Argentina to South Africa, especially as the cost of foreign borrowing, kept artificially low as the world recovered from the 2008 financial crisis, has been rising. But Erdogan’s construction-and-consumption economic model, tailored to almost yearly votes, relied for much longer on cheap foreign credit that has kept the economy vulnerably overheated. Turkey is suffering from high inflation (currently running at 18%); a plummeting currency (down 25% last month alone, and more than 40% for the year) that means leading businesses and banks that owe US$295 billion in foreign loans, half of which mature in the 12 months to next July, risk defaulting; and a gaping current-account deficit, running at an annualised 7% of GDP, that raises the spectre of a balance-of-payments crisis. Trump is now adding to Turkey’s pain. The cauldron of grievances between Ankara and Washington was already overflowing. Turkey is livid at America’s backing, in the air and on the ground, of Syrian Kurd fighters linked to the Kurdistan Workers’ Party (PKK) insurgency inside Turkey, and its refusal to extradite Fethullah Gülen, the Pennsylvania-based imam and former Erdogan ally whose shadowy network Ankara blames for the abortive coup in 2016. The US, long before Trump, was fed up with its NATO ally Turkey’s dalliance with Russia and its breaking of sanctions against Iran. Congress is readying sanctions to dissuade Ankara from buying the S-400 air defence system from Moscow, including withholding the new generation of F-35 fighter jets, of which Turkey has ordered more than 100. The sanctions-busting issue has so far seen a government-linked bank executive, Mehmet Atilla, sentenced to 32 months in prison by a New York court, with what promises to be a huge fine on state-owned Halkbank still to come. The final straw for the US is the continuing detention of Andrew Brunson, an evangelical Protestant pastor Ankara is holding on fanciful allegations of collusion with Gülenist coup plotters and the PKK (even though Gülen first fell out with Erdogan over the then prime minister’s peace feelers to the Kurds). Erdogan also maintains that the Halkbank/Atilla case in the US is a fabrication by the Gülenists. He would be on stronger ground emphasising that Trump—and his evangelical vice-president, Mike Pence—are particularly exercised by the Brunson case ahead of November’s mid-term elections, given that Trump won more than 80% of the white evangelical vote in 2016. This is a successful tactic, at least in the short term. Trump’s decision to sanction Turkish ministers close to Erdogan and to double tariffs on US imports of Turkish steel and aluminium lends credence to the government’s charges that it is the victim of an ‘economic war’. The US president’s belligerence has all but obliged Turkey’s opposition to line up behind its own president. But there are difficulties with this approach in the longer term. The crisis is largely home-grown and needs to be fixed internally. Yet pulling the obvious levers would mean a loss of face for Erdogan. A salutary rise in interest rates—which Erdogan has called ‘the mother and father of all evil’—might brake the lira’s slide. Erdogan affects to believe that high interest rates cause inflation. More germane is that they would endanger his credit-fuelled growth-at-any-cost strategy ahead of municipal elections next March in which he fears the loss of Turkey’s big cities. Erdogan, moreover, ruling in solitary splendour from his neo-Ottoman kitsch palace in Ankara, has cut himself off from every reservoir of expertise and knowledge. Liberals and left-wingers who backed him to neuter the army and steer the country towards Europe have long since abandoned him. He has cast all his AKP co-founders into political limbo. The vast purges against Gülenists infiltrated in the state amount to a lobotomy of the cadres the government hitherto relied on. And now that Erdogan has centralised all power—including substituting the top echelons of the civil service with political appointees—he has traded institutional wisdom for courtiers and sycophants. Instead of Mehmet Simsek, his former economy chief who had credibility in the markets, Berat Albayrak, his untested son-in-law, is now economy tsar. A paradox facing the president is that his very success in selling the crisis as a foreign plot translates into votes for his ultra-nationalist allies rather than the AKP—and makes it all but impossible for him to approach the International Monetary Fund for help. He talks instead of how his ‘new friends and allies’ will help Turkey, as part of a global anti-Trump alliance. But Russia’s priority is to climb free of Ukraine-related sanctions. China wants to end Trump’s trade war, and in any case mostly does project finance rather than debt relief. The EU, reliant on Turkey to curb Syrian refugee flows, can help a bit—but is constrained by Erdogan’s autocratic behaviour. Qatar, Turkey’s one surviving Arab ally, has its hands full with a Saudi-led blockade, yet has pledged US$15 billion. But that’s a fraction of the sums Turkey will eventually need. To relieve pressure on the lira and perhaps unlock an eventual deal with the IMF—the only body that can mobilise such sums—Erdogan will have to find a face-saving way to release Brunson and damp down Trumpian ire. He has the entire media at his disposal to spin this volte-face. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Finance **Tags:** Crisis, Erdoğan, Financial, friends, Strategist, Turkeys --- ### [Sineng Electric and Turkey’s Arde Enerji sign 1GW supply agreement](https://turkbusinessnews.com/2026/08/12/sineng-electric-and-turkeys-arde-enerji-sign-1gw-supply-agreement/) **Published:** August 12, 2026 **Author:** spsingh **Content:** Sineng Electric has signed a 1GW supply agreement with Arde Enerji during Intersolar Europe, marking a new milestone in the strategic cooperation between the two companies and reinforcing their shared commitment to advancing Turkey’s clean energy transition. The agreement was signed by Arde Enerji CEO Eray Hazer and Sineng Vice Chairman and Co-founder Viktor Duan, witnessed by Rock Li, GM of Sineng Electric Europe and Country Manager Adem Gezer. Under the agreement, Sineng will supply its advanced PV inverter and PCS solutions for renewable energy projects across Turkey. By combining its industry-leading technology with Arde Enerji’s strong local expertise and project execution capabilities, the collaboration will support the delivery of reliable, efficient and high-performance clean energy solutions throughout the country. As one of the region’s fastest-growing renewable energy markets, Turkey continues to accelerate investments in solar power and energy storage to strengthen energy security and support sustainable economic growth. To date, Sineng has supplied more than 1GW of PV inverters and PCS to the Turkish market, with its technologies demonstrating proven performance across a diverse range of solar and energy storage applications. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Technology **Tags:** 1GW, agreement, Arde, Electric, Enerji, sign, Sineng, supply, Turkeys --- ### [Saudi Royal Nature Reserve Launches Educational Initiative to Demystify Environmental Terminology](https://turkbusinessnews.com/2026/08/12/saudi-royal-nature-reserve-launches-educational-initiative-to-demystify-environmental-terminology/) **Published:** August 12, 2026 **Author:** Samridhi Puri **Content:** Saudi Arabia’s Imam Turki bin Abdullah Royal Nature Reserve Development Authority has introduced a public awareness campaign designed to demystify complex environmental and scientific terminology, aiming to strengthen grassroots engagement in regional biodiversity preservation. The newly launched awareness campaign provides simplified, regularly updated explanations of core ecological concepts, connecting technical scientific definitions directly to practical conservation efforts currently underway within the expansive northern nature reserve. By bridging the gap between specialised environmental science and everyday public understanding, the reserve authority aims to foster widespread community awareness regarding the protection of fragile desert ecosystems, natural habitat restoration, and sustainable resource management across the Kingdom. ![Two wildlife researchers in khaki uniforms scan the desert herd with binoculars near a waterhole and rugged mountains in the background (or x).](https://turkbusinessnews.com/wp-content/uploads/2026/08/120-1024x737.jpg "120 -")This educational initiative directly aligns with Saudi Arabia’s overarching environmental sustainability goals under Vision 2030, which prioritises biodiversity restoration, strict habitat protection, and active community participation in safeguarding the nation’s rich natural heritage for future generations. In its inaugural educational publications, the initiative defined fundamental terms such as “wildlife”—encompassing all living organisms, including indigenous plants, desert animals, natural habitats, and the delicate ecological relationships among them. The authority also outlined its systematic programs to preserve native vegetation, protect desert biodiversity, and implement specialized breeding and propagation initiatives for threatened species. Furthermore, the campaign highlighted the technical concept of “reintroduction”, explaining the ecological process of returning native animal species to their historical natural habitats following localised extinction or prolonged absence. Highlighting practical applications, the authority showcased its successful breeding and release programmes within the reserve, which have returned iconic regional species to the wild, including the houbara bustard, Arabian oryx, Arabian gazelle, sand gazelle, and ostrich. By continuously publishing accessible terminology alongside real-world conservation achievements, the Imam Turki bin Abdullah Royal Nature Reserve Development Authority seeks to cultivate an informed public base that actively supports long-term environmental sustainability, wildlife protection, and biodiversity preservation across Saudi Arabia. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** Other **Tags:** educationalinitiative, enviornmental --- ### [Saudi Arabia FDI Stock Reaches $293 Billion as 676 Multinationals Secure Riyadh Regional HQs](https://turkbusinessnews.com/2026/08/12/saudi-arabia-fdi-hits-293bn-multinational-riyadh-regional-hq-licences/) **Published:** August 12, 2026 **Author:** Samridhi Puri **Content:** The overall foreign direct investment stock of Saudi Arabia has reached $293 billion (SAR 1.1 trillion), due to structural changes in the economy of the Kingdom, improvements in regulatory efficiency, and the high level of investors’ trust in the country due to the Vision 2030 reform programme, stated in a research paper published by W7Worldwide Strategic Communications Agency. The document titled “Why Investors Choose Saudi Arabia: Investment Appeal and Future Growth Opportunities” states that more than 676 global multinationals have obtained legal permits to open their Regional Headquarters in Riyadh. This significant achievement is an indicator of the success of government policies, business regulations, and financial incentives aimed at attracting the best international companies to establish their regional offices in Saudi Arabia**.** According to the findings, annual investment performance demonstrated remarkable momentum, with new inward FDI flows reaching SAR 133.3 billion ($35.5 billion) over the year. Concurrently, Saudi Arabia’s non-oil activities recorded a real GDP growth rate of 4.9 percent, demonstrating steady, tangible progress in diversifying the Kingdom’s national economic base away from traditional oil revenue reliance while expanding private sector output and employment across high-priority commercial sectors. ![Business professionals stand around a city model with a large green investment graph and Saudi flag, highlighting 3 billion investment.](https://turkbusinessnews.com/wp-content/uploads/2026/08/118-1024x737.jpg "118 -")Key structural catalysts behind this sustained investor influx include modern legal frameworks, accelerated digital transformation across government ministries, simplified corporate registration procedures, and robust regulatory protections for foreign capital. Furthermore, targeted government initiatives—such as dedicated special economic zones, flexible corporate tax privileges, and prioritised state procurement opportunities—have collectively established the Kingdom as a highly competitive global investment destination. Looking ahead, Saudi Arabia remains strategically positioned to consolidate its status as the leading commercial, financial, and technological hub in the Middle East and North Africa. As capital commitments toward national giga-projects, industrial expansion, and advanced technology sectors continue to expand, the steady accumulation of foreign direct investment stock reinforces international market trust in the Kingdom’s long-term economic vision and structural transformation. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** Business **Tags:** FDIstock, saudiarabia --- ### [Rising Saudi Sprinter Sarah Al-Ablan Targets Olympic Debut After Rapid Athletic Breakthrough ](https://turkbusinessnews.com/2026/08/12/saudi-sprinter-sarah-al-ablan-olympic-dream-athletics/) **Published:** August 12, 2026 **Author:** Samridhi Puri **Content:** Up-and-coming Saudi Arabian track and field sprinter Sarah Al-Ablan is now targeting Olympic success after making an accelerated development from a promising university student into a national multi-time medallist runner. The young 21-year-old competitor representing Al-Adalah Club and the national track and field team of Saudi Arabia came into her potential by mere luck in 2023 when, inspired by a gym coach at King Faisal University, she took part in the 100m race in Riyadh without having any previous athletic experience and ran it in 14.97 seconds. Her coach decided to develop her natural talent, and since then, she has been rapidly progressing in competition for three years. ![Female runner wearing a hijab and sunglasses mid-stride in a road race, bib 6239, on a sunny street with palm trees in the background.](https://turkbusinessnews.com/wp-content/uploads/2026/08/116-1024x737.jpg "116 -") Al-Ablan’s trajectory reflects the broader transformation within Saudi women’s sports. Benefiting from expanded domestic leagues, international training scholarships, and dedicated technical staff, her rise underscores how structural investment in the Kingdom is cultivating elite female athletic talent for international competition. Following her debut, Al-Ablan secured bronze in the 400 metres at the 2025 university championships before advancing to national club meets in 2026, where she lowered her 400-metre mark to 67.30 seconds. Her international breakthrough arrived at the 2026 Gulf Universities Championship in Doha, claiming gold in both the 400 metres (63.13 seconds) and 200 meters (27.91 seconds). Testing her endurance, she also placed fourth in a 5-kilometre road race at the 2026 Al-Ahsa Runs event, clocking 24 minutes and 40 seconds. Supported by family, Saudi national staff, Al-Adalah coach Azza Mohammed, and a 10-month training scholarship in Qatar, Al-Ablan manages rigorous athletic demands alongside her academic obligations. Facing intense training schedules and physical strain, she views her journey as part of a wider movement encouraging women to pursue sports, emphasising that personal discipline and faith-based choices, such as wearing the hijab, present no barrier to athletic excellence. Looking ahead, the Saudi sprinter remains focused on lowering her personal records and representing the Kingdom at international championships, with the ultimate objective of earning a spot on the Olympic stage. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** National **Tags:** gulfspports, womensports --- ### [Saudi Aid Agency Delivers 24,500 Hot Meals to Vulnerable Gaza Families](https://turkbusinessnews.com/2026/08/12/ksrelief-provides-hot-meals-gaza-families-saudi-aid/) **Published:** August 12, 2026 **Author:** Samridhi Puri **Content:** Many thousands of impoverished Palestinian households in the Gaza Strip have benefited from an immediate supply of nutrients due to the completion of a humanitarian food distribution programme led by the main humanitarian aid organisation from Saudi Arabia. The King Salman Humanitarian Aid and Relief Center, also known as KSrelief, has managed to deliver and distribute 24,500 hot and freshly made meals to densely populated communities in the central and southern parts of the besieged region. It is reported that this humanitarian relief programme supplied nutrition directly to 24,500 people who are facing serious shortages in resources and are experiencing displacement problems. ![Aid worker hands a bag of grain to a man amidst rubble and packed aid supplies in a desert town scene](https://turkbusinessnews.com/wp-content/uploads/2026/08/114-1024x737.png "114 -")This extensive distribution forms an integral component of the ongoing Saudi national campaign established to assist the Palestinian population during the current crisis in Gaza. Operating as the Kingdom’s specialised diplomatic and humanitarian aid arm, KSrelief continues to mobilise resources across affected sectors, prioritising the immediate deployment of essential nourishment, emergency medical supplies, and shelter equipment to vulnerable populations in desperate need. By focusing hot meal distributions specifically within southern and central Gaza, relief personnel are directly addressing acute dietary deficiencies in regions where domestic cooking facilities, local food markets, and fuel supplies have been severely disrupted. The provisioning of ready-to-consume meals ensures that displaced families receive necessary daily sustenance without needing localised preparation resources or domestic utilities. The Kingdom’s continuous relief operations through KSrelief reflect a broader, sustained humanitarian commitment to mitigating civilian suffering across Palestinian territories. Saudi aid officials confirmed that field teams continuously monitor evolving needs on the ground to streamline supply corridors, navigate logistical hurdles, and maintain uninterrupted emergency relief operations. Alongside direct food assistance, KSrelief manages a broader portfolio of regional humanitarian initiatives, maintaining persistent logistical pipelines designed to channel vital medical supplies, clean water resources, healthcare support, and winterization materials to crisis-impacted residents across the region. Saudi authorities confirmed that additional aid deliveries will proceed systematically as part of the Kingdom’s overarching humanitarian assistance framework. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** National **Tags:** Gaza, humanitariancenter --- ### [Oregon’s Bridge of the Gods Marks Centennial in 2026](https://turkbusinessnews.com/2026/08/12/oregons-bridge-of-the-gods-marks-centennial-in-2026/) **Published:** August 12, 2026 **Author:** News Desk **Excerpt:** Centennial Celebration Showcases the Landmark’s Rich History, Cultural Significance, and the Beauty of the Columbia River Gorge Cascade Locks, ORE — Experience Mt. Hood and the Gorge announces the centennial celebration of one of the Pacific Northwest’s most iconic landmarks.… **Content:** **Centennial Celebration Showcases the Landmark’s Rich History, Cultural Significance, and the Beauty of the Columbia River Gorge** Cascade Locks, ORE — Experience Mt. Hood and the Gorge announces the centennial celebration of one of the Pacific Northwest’s most iconic landmarks. The Bridge of the Gods, connecting Oregon and Washington across the Columbia River, marks its 100th anniversary in 2026, culminating in the Bridge of the Gods Centennial Celebration on Saturday, September 19, 2026, in Cascade Locks. More than a birthday celebration, the centennial tells the remarkable story of the Bridge of the Gods and the role it has played in Cascade Locks and the Columbia River Gorge for the past century. While the steel bridge has connected travelers across the Columbia River since 1926, the story of the Bridge of the Gods goes back much further. Native American oral histories tell of a natural land bridge that once spanned the Columbia, creating a vital connection between tribes on both sides of the river. Today, the modern bridge stands in the same location as its namesake, representing a powerful connection between Indigenous history, engineering achievement, and the enduring cultural significance of the Columbia River Gorge. “The Bridge of the Gods is far more than a crossing over the Columbia River. It represents generations of connection between people, cultures, and communities,” said Jeremiah Blue, Executive Director for the Port of Cascade Locks. “Its centennial is an opportunity to celebrate the rich history of Cascade Locks while inviting visitors and residents to experience the landscapes, outdoor adventure, and vibrant community that define the Columbia River Gorge.” For the past 100 years, the bridge has served residents, visitors, Pacific Crest Trail hikers, cyclists, and travelers from around the world while becoming one of Oregon’s most photographed landmarks. The centennial provides a unique opportunity to experience Cascade Locks through its history, outdoor recreation, arts and culture, local businesses, and scenic beauty. The celebration will feature live music, historical presentations, family activities, local vendors, a vintage car show, food, and community events throughout the day, bringing together residents and visitors to honor the bridge’s legacy and the community it has connected for a century. The community of Cascade Locks and its main street businesses will continue to celebrate with Bridge of the Gods themed events and specials into the fall. Visitors can extend their stay by exploring nearby waterfalls, hiking and biking trails, river recreation, wineries, the Historic Columbia River Highway, the Pacific Crest Trail, Thunder Island, Mt. Hood and the many shops, restaurants, and attractions in the Columbia River Gorge. The Bridge of the Gods Centennial Celebration will take place Saturday, September 19, 2026, at Marine Park in Cascade Locks from 12:00-8:00 p.m. Admission is free. For more information and a complete schedule of events, visit www.portofcascadelocks.gov/bridge-of-the-gods-centennial-celebration. Contact Info Experience Mt. Hood and the Gorge emele@emelehibdonpr.com ***Syndication Notice:** This press release is syndicated from the [original source](https://www.globenewswire.com/news-release/2026/08/12/3343390/0/en/oregon-s-bridge-of-the-gods-marks-centennial-in-2026.html "original source") for informational purposes. We do not claim ownership of the content. All copyrights, trademarks, images, and other intellectual property remain the property of their respective owners.* The post [Oregon’s Bridge of the Gods Marks Centennial in 2026](https://menawirenow.com/2026/08/oregons-bridge-of-the-gods-marks-centennial-in-2026/) first appeared on [MENAWireNOW](https://menawirenow.com). **Publishing Source::** [menawirenow.com](https://menawirenow.com/2026/08/oregons-bridge-of-the-gods-marks-centennial-in-2026/?utm_source=rss&utm_medium=rss&utm_campaign=oregons-bridge-of-the-gods-marks-centennial-in-2026) ![author avatar](https://secure.gravatar.com/avatar/4e3a45e03c0bce69b866fb10b522d054c74b2afa03adaeb29a3148d4aadd366e?s=300&d=mm&r=g) News Desk [See Full Bio](https://turkbusinessnews.com/author/news-desk/) [ ](https://turkbusinessnews.com/author/news-desk/) **Categories:** Press Release --- ### [Space42 and Leonardo DRS Sign MoU to Advance Next-Generation National Security Mission Systems](https://turkbusinessnews.com/2026/08/12/space42-and-leonardo-drs-sign-mou-to-advance-next-generation-national-security-mission-systems/) **Published:** August 12, 2026 **Author:** News Desk **Excerpt:** ABU DHABI, United Arab Emirates — Space42, the UAE-based AI-powered SpaceTech company with global reach has signed a Memorandum of Understanding (MoU) with Leonardo DRS. The agreement establishes a framework to integrate Leonardo DRS mission systems with Space42’s secure satellite… **Content:** ABU DHABI, United Arab Emirates — Space42, the UAE-based AI-powered SpaceTech company with global reach has signed a Memorandum of Understanding (MoU) with Leonardo DRS. The agreement establishes a framework to integrate Leonardo DRS mission systems with Space42’s secure satellite connectivity to boost sovereign national security across the United Arab Emirates. Under the MoU, Leonardo DRS will contribute its expertise in C5ISR mission systems while Space42 will provide secure, AI-enabled satellite communications and Beyond Line of Sight (BLOS) connectivity. Together, the companies will explore the joint design and integration of advanced mission capabilities for the UAE. “It is a strategic priority for Space42 to be recognized as a trusted leader in secure connectivity, as we set the standard for resilient, mission-ready networks,” said Ahmed AlMehrzi, Chief Commercial Officer – Government at Space42. “By combining our sovereign satellite infrastructure and AI-enabled communications capabilities with Leonardo DRS’s advanced mission systems, we are strengthening protected communications that advance the UAE’s national security ecosystem.” “This MoU marks a significant step forward in our commitment to supporting U.A.E. national security priorities with proven, advanced integrated capabilities that enable mission success in today’s evolving threat landscape,” said Denny Crumley, Senior Vice President & General Manager of the Leonardo DRS Land Electronics business unit. “We are proud to be a part of this opportunity with Space42 as we continue to grow our international business with strategic partners around the world.” As national security operations grow more complex and interconnected, sovereign forces require integrated mission systems, secure satellite communications, and ongoing situational awareness. Leonardo DRS delivers proven expertise in developing and integrating rugged, high-performance C5ISR technologies and mission-critical vehicle electronics for international partners. Complementing this capability, Space42 provides sovereign satellite communications and space services that extend secure connectivity beyond terrestrial networks, supporting informed decision-making and operational resilience for the UAE. Leonardo DRS is a trusted provider of advanced mission management systems, network computing and vehicle integration capabilities for the U.S. military and allied forces around the world. The company is a recognized leader in providing proven, high-performance tactical computing, smart displays, AI-enabled processing, and integrated C4/C5/C6ISR solutions that reduce the cognitive burden on commanders and crews operating in complex security environments. The systems are designed to deliver real-time situational awareness and are scalable, platform agnostic, and support open architectures. **About Space42** Space42 (ADX: SPACE42) is a UAE-based AI-powered SpaceTech company that integrates satellite communications, geospatial analytics and artificial intelligence capabilities to enlighten the Earth from space. Formed in 2024 by the successful merger of Bayanat and Yahsat, Space42’s global reach allows it to address the rapidly evolving needs of its customers in governments, enterprises, and communities. Space42 comprises two business units: Space Services and Smart Solutions. Space Services focuses on upstream satellite operations for both fixed and mobility satellite services. Smart Solutions integrates geospatial data acquisition and processing with AI to inform decision-making, enhance situational awareness, and improve operational efficiency. Major shareholders include G42, Mubadala, and IHC. For more information, visit: www.space42.ai; follow us on X: @space42ai **About Leonardo DRS** Leonardo DRS, Inc. (Nasdaq: DRS) is at the forefront of developing and delivering transformative defense technologies for U.S. and allied military customers. The company specializes in high-performance sensing, network computing, force protection, and electric power and propulsion solutions designed to address the most demanding mission requirements. For additional information, visit www.LeonardoDRS.com. **Legal Notice and Cautionary Statement regarding forward-looking information** This announcement may contain forward-looking statements based on current expectations and assumptions about future events. These statements—identified by terms such as “expect,” “will,” or similar—are subject to risks and uncertainties and may prove inaccurate. They reflect information available as of the date hereof, and the companies disclaim any obligation to update them. No assurance is given that any forward-looking statement will occur, and undue reliance should not be placed on them. This announcement does not constitute a financial promotion or an offer to buy or sell securities in any jurisdiction. MEDIA CONTACT Space42 Communications Team – media@space42.ai ***Syndication Notice:** This press release is syndicated from the [original source](https://www.globenewswire.com/news-release/2026/08/12/3343371/0/en/space42-and-leonardo-drs-sign-mou-to-advance-next-generation-national-security-mission-systems.html) for informational purposes. We do not claim ownership of the content. All copyrights, trademarks, images, and other intellectual property remain the property of their respective owners.* The post [Space42 and Leonardo DRS Sign MoU to Advance Next-Generation National Security Mission Systems](https://menawirenow.com/2026/08/space42-and-leonardo-drs-sign-mou-to-advance-next-generation/) first appeared on [MENAWireNOW](https://menawirenow.com). **Publishing Source::** [menawirenow.com](https://menawirenow.com/2026/08/space42-and-leonardo-drs-sign-mou-to-advance-next-generation/?utm_source=rss&utm_medium=rss&utm_campaign=space42-and-leonardo-drs-sign-mou-to-advance-next-generation) ![author avatar](https://secure.gravatar.com/avatar/4e3a45e03c0bce69b866fb10b522d054c74b2afa03adaeb29a3148d4aadd366e?s=300&d=mm&r=g) News Desk [See Full Bio](https://turkbusinessnews.com/author/news-desk/) [ ](https://turkbusinessnews.com/author/news-desk/) **Categories:** Press Release --- ### [LiTime Launches Argoseeker Electric Outboard Motor Series for Small-Boat Electrification](https://turkbusinessnews.com/2026/08/11/litime-launches-argoseeker-electric-outboard-motor-series-for-small-boat-electrification/) **Published:** August 11, 2026 **Author:** News Desk **Excerpt:** SYDNEY — LiTime, a global LiFePO₄ power solutions expert, announced the launch of Argoseeker on August 10th, its first electric outboard motor series, marking the company’s expansion from battery innovation into one-stop marine power solutions. The initial lineup includes the Argoseeker A1… **Content:** SYDNEY — LiTime, a global LiFePO₄ power solutions expert, announced the launch of Argoseeker on August 10th, its first electric outboard motor series, marking the company’s expansion from battery innovation into one-stop marine power solutions. The initial lineup includes the Argoseeker A1 24V 700W Electric Outboard Motor and the Argoseeker A2 48V 2000W Electric Outboard Motor. Both models are designed for kayaks, canoes, inflatable boats, jon boats and other small recreational watercraft. **Argoseeker A1:** Delivering up to 60 lbs of thrust and performance comparable to an approximately 2 HP gasoline outboard. Weighing 13.4 lbs, it is designed for lightweight watercraft and reached speeds of 4.3–6.2 mph in testing with a total boat weight of approximately 330 lbs. **Argoseeker A2:** Delivering up to 120 lbs of thrust and performance comparable to an approximately 5 HP gasoline outboard. Designed for heavier small boats and longer trips, it reached speeds of 5.6–7.5 mph in testing with a total boat weight of approximately 660 lbs. Its propeller includes a built-in weed-cutting blade to help reduce tangling in vegetation-heavy waters. The Argoseeker Series is designed to simplify small-boat electrification—from system selection and installation to everyday operation—through three key benefits: **One-Stop Marine Power System**: When paired with LiTime LiFePO₄ batteries, Argoseeker brings the electric outboard motor, controller and battery together in one coordinated marine power solution, simplifying component selection and compatibility checks. **3-minute Clamp-On Installation**: The motor can be installed in as little as three minutes without complex drilling or permanent hull modifications, making it easy to install, remove and transfer as needed. **Smart On-Water Control:** Wireless remote control allows users to operate the motor from a more convenient position, while cruise control helps maintain a selected speed during longer trips. Together, these features offer paddle-craft users a quieter, cleaner way to explore farther, reach fishing spots more easily and return comfortably after a day on the water. **About LiTime** LiTime is a global LiFePO₄ power solutions expert, providing reliable batteries and one-stop lithium power solutions for RV, marine, golf cart, and off-grid applications. Trusted by 3.5M+ users worldwide, LiTime brings 17 years of core-team R&D experience, 380+ certifications, and AIG Commercial General Liability Insurance with product liability coverage—providing customers with reliable power, added protection, and greater confidence in long-term use. Visit: https://au.litime.com/ Contact: marketpr@litime.com Contact Person: Jelly Xie ***Syndication Notice:** This press release is syndicated from the [original source](https://www.globenewswire.com/news-release/2026/08/11/3342435/0/en/litime-launches-argoseeker-electric-outboard-motor-series-for-small-boat-electrification.html) for informational purposes. We do not claim ownership of the content. All copyrights, trademarks, images, and other intellectual property remain the property of their respective owners.* The post [LiTime Launches Argoseeker Electric Outboard Motor Series for Small-Boat Electrification](https://menawirenow.com/2026/08/litime-launches-argoseeker-electric-outboard/) first appeared on [MENAWireNOW](https://menawirenow.com). **Publishing Source::** [menawirenow.com](https://menawirenow.com/2026/08/litime-launches-argoseeker-electric-outboard/?utm_source=rss&utm_medium=rss&utm_campaign=litime-launches-argoseeker-electric-outboard) ![author avatar](https://secure.gravatar.com/avatar/4e3a45e03c0bce69b866fb10b522d054c74b2afa03adaeb29a3148d4aadd366e?s=300&d=mm&r=g) News Desk [See Full Bio](https://turkbusinessnews.com/author/news-desk/) [ ](https://turkbusinessnews.com/author/news-desk/) **Categories:** Press Release --- ### [Iran war drives up plastic costs, pushes bottled water prices higher](https://turkbusinessnews.com/2026/08/11/iran-war-drives-up-plastic-costs-pushes-bottled-water-prices-higher/) **Published:** August 11, 2026 **Author:** spsingh **Content:** The war in Iran has disrupted global trade and increased the cost of raw materials, with plastic among the products most affected. The conflict, which began in late February, has severely disrupted shipping through the Strait of Hormuz, a major international trade route. The energy sector was among the first to be hit, affecting oil, gas and kerosene supplies. The impact has since spread to other industries, including manufacturers that rely on plastic packaging. In Europe, 43.3 million metric tons of plastic are used each year. One of the key raw materials used to make many plastics is naphtha, a product derived from oil refining. The price of a metric ton of naphtha rose from about $500 in January to $800 in March, an increase of nearly 60%. French companies said between 20% and 40% of their suppliers were expected to demand higher prices as a result. The rising cost of plastic has put pressure on everyday products sold in plastic packaging, including bottled water and yogurt. Packaging can account for up to 10% of the price of a bottle of water. As a result, consumers were expected to see the cost of a pack of bottled water rise by a few cents. That increase has now begun to materialize, adding bottled water to the growing list of consumer products affected by the conflict. The disruption has also affected other raw materials, including rubber, silicone and packaging materials, leading to shortages and higher prices. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Business **Tags:** bottled, costs, drives, higher, Iran, plastic, Prices, pushes, war, water --- ### [Türkiye proposes licensing rules, fee cap for foreign accommodation platforms](https://turkbusinessnews.com/2026/08/11/turkiye-proposes-licensing-rules-fee-cap-for-foreign-accommodation-platforms/) **Published:** August 11, 2026 **Author:** spsingh **Content:** A bill requiring foreign digital accommodation platforms operating in Türkiye to obtain a government permit and comply with new financial and operational rules was submitted to the nation’s parliament on Tuesday. The bill, sponsored by lawmakers from the ruling Justice and Development (AK) Party, covers foreign-based service providers and intermediaries offering accommodation and related services electronically in Türkiye. Platforms would be required to obtain a two-year, non-transferable permit from the Culture and Tourism Ministry for 5 million Turkish liras ($104,700). The fee would rise annually in line with Türkiye’s revaluation rate, while the president could double or halve it. Applicants must be digital services taxpayers, have no outstanding tax debt, provide a domestic notification address, and designate a Turkish citizen or legal entity as their representative. Licensed platforms could directly market ministry-certified accommodation facilities, approved short-term rental homes, and airline tickets. Other services reserved for travel agencies or authorized car rental companies could only be offered through licensed businesses. The amount charged by platforms on accommodation sales, regardless of its designation, could not exceed 17% of the sale price excluding value-added tax. Platforms would also be prohibited from restricting accommodation providers from offering different prices through alternative channels, forcing them to participate in discount campaigns, or penalizing them in rankings for filing complaints with public or judicial authorities. They would pay a tourism contribution equivalent to 0.075% of the digital services tax base to the Türkiye Tourism Promotion and Development Agency. Disputes arising from activities covered by the permit would be governed exclusively by Turkish law and fall under the jurisdiction of Turkish courts. Violations would draw penalties ranging from 200,000 liras ($4,200) to 500,000 liras ($10,470), while platforms charging above the 17% ceiling or collecting unauthorized fees could be fined 10 times the amount improperly collected. Failure to provide a promised service could result in fines of 50,000 to 100,000 liras ($1,050 to $2,100) per contract. Repeated violations could lead to permit cancellation. Platforms operating without a permit, or whose permits expire or are revoked, could have access to their services blocked. Existing foreign platforms would have three months after the legislation takes effect to apply for a permit. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** National **Tags:** accommodation, cap, fee, foreign, licensing, platforms, proposes, rules, Türkiye --- ### [Norways $2T sovereign wealth fund could disappear amid global crisis: Manager director](https://turkbusinessnews.com/2026/08/11/norways-2t-sovereign-wealth-fund-could-disappear-amid-global-crisis-manager-director/) **Published:** August 11, 2026 **Author:** spsingh **Content:** Norway’s sovereign wealth fund, the world’s largest with assets of about $2 trillion, could eventually lose its entire value, its managing director warned Tuesday. Nicolai Tangen said the prospect was “not totally improbable,” given the risks facing the global economy and financial markets. “Can the oil fund disappear? The answer is yes. And the worst part is that, in the world we live in today, it’s not totally improbable,” he said during a speech in southern Norway. The fund was established in 1996 to invest the country’s oil and gas revenues for future generations. It has doubled in value in less than a decade, surpassing $1 trillion in 2017, and now finances about a quarter of Norway’s public spending, up from around 10% a decade ago. But Tangen warned that the extraordinary growth could not be expected to continue indefinitely. “No country in history has managed to retain such a considerable fortune for any length of time. Fortunes always end up disappearing,” he said, pointing to historical examples in Spain and the UK. The fund invests globally in stocks, bonds and real estate and is intended to provide long-term financial support for future generations. Global risks Tangen highlighted several extreme scenarios that could threaten the fund’s value, including nuclear war and acts of biological terrorism. He warned of the possibility of a prolonged economic depression caused by a combination of factors, including the bursting of an “AI bubble” and a trade war between the US and China. The warning comes as investors have placed high valuations on companies linked to artificial intelligence. A severe downturn of this kind could resemble the Great Depression of 1929, according to Tangen. Even with safeguards that exist today, he said, such a crisis could wipe out “at least 80%” of the value of stock market investments. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** International **Tags:** Crisis, director, disappear, fund, global, Manager, Norways, sovereign, wealth --- ### [Cold Turkey: Coronavirus further weakens the lira](https://turkbusinessnews.com/2026/08/11/cold-turkey-coronavirus-further-weakens-the-lira/) **Published:** August 11, 2026 **Author:** spsingh **Content:** Recep Tayyip Erdoğan, President of Turkey   Author: Charlotte Gifford It’s not often that a pastor sparks an economic crisis, but this is exactly what happened in 2018 when Andrew Brunson, a Christian missionary who left the US for Turkey’s Aegean coast, was accused of plotting to overthrow the Turkish Government. To penalise Turkey for his arrest, the US doubled steel and aluminium tariffs, quickly sending the Turkish lira into free fall. In the space of just 24 hours, the currency had lost 20 percent of its value. Now, Turkey could be heading for its second currency crisis in just two years. The lira weakened 16 percent in the first five months of 2020 as the coronavirus pandemic triggered massive capital outflows from emerging markets. According to the Institute of International Finance, March saw more than $80bn in investment flee from a group of over 20 emerging economies, including Turkey. Once again, the country is burning through its dollars – only this time, not in protest, but as part of a desperate attempt to keep the lira from depreciating. At the start of the year, the country’s central bank had roughly $40bn in foreign exchange reserves, but this figure plummeted to $25.9bn by mid-April, while state banks have sold at least $32bn worth of hard currency. Without sufficient foreign reserves, Turkey could struggle to weather the economic slowdown caused by the coronavirus crisis, which has already deprived the country of critical income from exports and summer tourism. The country’s erratic economic policy – pushed by President Recep Tayyip Erdoğan – isn’t helping. Unconventional policyErdoğan has had a much greater influence on Turkey’s monetary policy than his predecessors. “When the people fall into difficulties because of monetary policies, who are they going to hold accountable?” he asked in a 2018 interview. “They’ll hold the president accountable. Since they’ll ask the president about it, we have to give off the image of a president who’s influential on monetary policies.” Except Erdoğan seems to have a deep misunderstanding of some of the monetary tools he’s deploying. He has repeatedly challenged the purpose of high interest rates, calling them “a tool of exploitation”. Even as Turkey’s inflation rose to 18 percent in August 2018, Erdoğan refused to raise interest rates, insisting it would further hike inflation. Views like this have led economists to label the president’s economic beliefs “unorthodox”. Orkun Saka, an assistant professor of finance at the University of Sussex, told World Finance: “The mainstream economic theory suggests that a country has to increase interest rates if it wants to boost the attractiveness of its currency and to contain the inflationary expectations… The president seems to believe the opposite – in the sense that he suggests lowering rates will also lower inflation. So far in Turkey, we do not see much evidence in favour of the latter argument.” The seemingly self-sabotaging decision to keep interests rates low has rattled investors’ confidence. On May 21, Erdoğan cut interest rates for the ninth time in a row in a bid to spur cheap credit. But analysts warn that this could simply hike inflation and deter investors from holding lira or lira-denominated assets.There is another mainstream economic theory – called the ‘trilemma’ – that Erdoğan has defied. “The trilemma says that a country can only maintain two of the following three policy objectives: a stable currency, an independent monetary policy (to choose whatever interest rate the government wants) and free capital flows,” Saka said. “Turkey had maintained a stable currency and free capital flows for a long duration under Erdoğan’s rule. However, with the increasingly more visible preference for choosing his own interest rates in the last few years, the country is now \[starting\] to pay the price by having to impose capital controls.” Overstepping the markAs well as keeping interest rates low in defiance of economic logic, this year, Erdoğan has also taken increasingly creative steps to prop up the country’s battered currency. “As the authorities realise reserves cannot contain a depreciation trend forever, they have started strengthening their regulatory framework and putting obstacles on easily exchanging the lira across borders,” Saka said. For example, Turkish authorities introduced measures to make it more difficult for foreign investors to bet that the currency would fall. “Some of the interventions also came a bit out of the blue,” Saka said. “Such as the one where regulatory agencies initiated an investigation for JPMorgan in 2019 due to its advice at the time to short the Turkish lira.” These attempts to prop up the lira backfired spectacularly. Restrictions on short selling and speculating about the currency spooked investors and, as a result, on May 7, the currency hit an all-time low of TRY 7.2 per US dollar (see Fig 1). ![Value of the Turkish Lira](http://www.worldfinance.com/wp-content/uploads/2020/08/Screen-Shot-2020-07-29-at-09.48.23.png "-") Keeping the lira below seven per dollar is often described as psychologically important to Turkey. Although the significance of the number is arbitrary, the anxiety surrounding any dip in the currency is a testament to Turkey’s high levels of foreign debt. “As the foreign currency price increases, the amount of debt rises and erodes the balance sheets of the debtor companies,” said Turkish economist and writer Mustafa Sönmez. “It only serves exporters and tourism professionals – the foreign currency winners. But in Turkey, foreign exchange expenditure is heavier, so this spells trouble for the country.” On the same day that the lira’s value plummeted dramatically, Turkish authorities introduced a transaction ban on BNP Paribas, Citigroup and UBS, further undermining investor confidence. However, the ban was only in place for four days. Saka believes there was a somewhat rational explanation for the move: “It declared a ban on the grounds that these banks failed to satisfy Turkish lira liabilities vis-a-vis local ones. This recent act seems to be a rules-based decision, though, in line with the recently updated regulations… It was a good sign that the sanctions were lifted on these banks as soon as they complied with the local rules.” National prideAlthough interventionist measures can spook investors, Saka points out that such manoeuvres are sometimes necessary in the short term. “Whether this is good or bad for the country depends on what type of investors would be discouraged by these interventions and how long the restrictions stay in place,” he explained. “Currency markets are inherently volatile and, especially in times of heightened global risk aversion, can create self-fulfilling trends where the speculation itself may become the sole reason why investors might be shorting a currency.” However, while interventionist measures like this are common in emerging markets, Turkey has nevertheless been overzealous in deploying them. “It is not unusual for emerging markets to have an interventionary stance in the aftermath of a currency crisis,” Saka said. “We interpret this as something that countries do to stabilise their currencies. However, we also find such interventions to be temporary and to be left behind after a few years. If they become permanent features of the Turkish financial markets, then there is a risk that the country may lose investors.” Without sufficient foreign reserves, Turkey could struggle to weather the economic slowdown caused by the coronavirus crisis Since the stability of the lira is treated in Turkey as a key sign of the economy’s health, it is highly politicised. “Let us not use dollars,” Erdoğan told his party’s parliamentary group in November 2019. “Let’s turn to Turkish lira. Let us show our nationalism.” When the value of the lira plunged in May 2020, Erdog˘an blamed this on foreign powers intending to “destroy” the economy. Scapegoating other countries in this way is a repeated tactic of Erdoğan’s. When Turks destroyed US dollars during the 2018 currency crisis, it was in part because Erdoğan’s strong anti-US sentiment had inspired them to do so. But while it’s true that Brunson’s arrest and President Donald Trump’s subsequent tariff increase did accelerate the lira’s fall in value, the country was already steeped in economic problems. Need a dollarUnder Erdoğan, borrowing and foreign debt have soared. This is largely because of the president’s major infrastructure projects, which include a new airport in Istanbul, costing $11bn to build, and the Çamlıca Mosque, now the biggest mosque in the country. This construction boom was followed by a painful hangover. “The growth rate of 2019 was close to zero and was accompanied by 14 percent unemployment, double-digit inflation and unpayable external debt problems,” Sönmez told World Finance. “The pandemic has exacerbated all these problems. Now the estimated unemployment is 30 percent, foreign capital outflow has occurred, \[and\] the dollar price fluctuates in the amount of seven lira. The IMF estimates the shrinkage rate by five percent, but it could exceed 10 percent.” Turkey is now juggling a toxic combination: low reserves as well as debt costs of roughly $170bn. Because of this heavy reliance on foreign capital, Turkey is considered extremely vulnerable to economic slowdown. To bolster its depleted reserves, Turkey has been attempting to build currency swap lines between its central bank and foreign central banks. The US Federal Reserve, despite agreeing on swap lines with 14 countries, seems reluctant to lend a helping hand. Qatar, however, has offered to boost Turkey’s foreign exchange reserves by as much as $10bn – a lifeline that could help its balance of payments. The lira saw a slight rise in value after the swap line was announced.However, it’s dollar swap lines that Turkey really needs. “If the Erdoğan government cannot find a source for the short-term debt of $170bn – which should be paid in the next 12 months – it will not be able to keep the foreign exchange price or increase,” Sönmez said. “This will affect all balances negatively.” He points out that a bailout could be on the horizon, although Erdoğan has repeatedly ruled this out as a possibility, adding: “The only option for finding outsourcing is the IMF way, which will \[cost\] him a heavy political price. His hope is that the effect of the pandemic in the world will pass and that money will be re-entered from abroad. But this is no longer easy.” Turkey is highly dependent on foreign financing. But, for the last several years, Erdoğan’s heavy management of the nation’s currency has deterred foreign investors from committing the capital that the country urgently needs to balance its payments. Now, with debt high and reserves low, Erdoğan would be wise to seek the help of the IMF. But if his track record is anything to go by, Turkey’s strongman president would rather maintain his stranglehold on the economy, even if it crashes as a result. Post navigation ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Finance **Tags:** Cold, Coronavirus, lira, Turkey, weakens --- ### [Turkey Creates New Infrared Eyes for Nearly Everything in Its Military Arsenal](https://turkbusinessnews.com/2026/08/11/turkey-creates-new-infrared-eyes-for-nearly-everything-in-its-military-arsenal/) **Published:** August 11, 2026 **Author:** spsingh **Content:** Aselsan has given Turkey a domestically produced infrared sensing capability, providing a key building block for military systems that rely on thermal vision, target detection, and precision tracking. The Turkish defense giant’s new electro-optical system can be configured in both cooled and uncooled modes, allowing it to adapt to different mission requirements. It is designed to span nearly every corner of Turkey’s military arsenal, with potential applications across drones, missiles, combat aircraft, and armored vehicles. Read the full story on NextGen Defense: Turkey Creates New Infrared Eyes for Nearly Everything in Its Military Arsenal ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Technology **Tags:** Arsenal, Creates, eyes, Infrared, military, Turkey --- ### [Saudi Virtual Hospital Achieves Milestone With 11 Remote Robotic Surgeries](https://turkbusinessnews.com/2026/08/11/saudi-arabia-remote-robotic-surgeries-seha-virtual-hospital/) **Published:** August 11, 2026 **Author:** Samridhi Puri **Content:** Healthcare industry in Saudi Arabia has recorded a remarkable technological achievement following the successful conduct of 11 successive robotically conducted surgeries on patients in different parts of the country by experts working at Seha Virtual Hospital. The doctors managed to conduct complicated surgery on patients based in Hail through a central control centre in Riyadh. The project is part of a bigger national telemedicine programme aimed at ensuring surgical interventions to specialised medical facilities and far-flung geographical areas in the country. The procedures included the right lower-lobe resection that has been accomplished for the second time remotely worldwide and the fifth remotely conducted pneumonectomy globally. ![Surgeon in blue scrubs at a robotic surgery console, monitoring screens while robotic arms operate on a patient beyond the draped operating table.](https://turkbusinessnews.com/wp-content/uploads/2026/08/112-1024x737.jpg "112 -")Beyond thoracic procedures, the surgical team carried out complex interventions, including sleeve gastrectomy, pelvic exploration, hysterectomy, and hernia repair. This pioneering achievement operates under the newly established Saudi protocol for remote surgical procedures. Spearheaded by Seha Virtual Hospital, the project serves as the Kingdom’s standardised regulatory framework, governing robotic interventions while guaranteeing strict adherence to international clinical quality and safety protocols. To ensure full regulatory compliance and patient protection, every robotic device utilised throughout these operations received formal authorisation from the Saudi Food and Drug Authority (SFDA). The agency’s endorsement confirms that the advanced surgical equipment satisfies all national technical and medical safety benchmarks required for direct clinical application. By integrating cutting-edge robotics into the national health infrastructure, Saudi Arabia continues to broaden specialised healthcare access, reducing the need for patient transfers from remote provinces to major regional medical centres. This technological milestone reinforces Saudi Arabia’s broader vision to modernize its healthcare infrastructure through digital innovation. By deploying advanced medical robotics across regional centers, the Kingdom is significantly improving patient outcomes, optimizing clinical efficiency, and establishing a scalable blueprint for the future of nationwide remote surgical care. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** National **Tags:** roboticsurgeries, saudiarabia --- ### [Gaza Education Recovery: Student Registration Opens at Saudi-Funded Makkah School](https://turkbusinessnews.com/2026/08/11/student-registration-opens-saudi-backed-makkah-school-gaza/) **Published:** August 11, 2026 **Author:** Samridhi Puri **Content:** Registration of the students at Makkah School in southern Gaza is now open, thus making way for the much-needed return to formal education of young Palestinians who have been unable to pursue their education due to conflicts in the region. Run by the King Salman Humanitarian Aid and Relief Center (KSrelief), the institution seeks to rebuild damaged social infrastructure and provide educational continuity in the area. Administrative teams from the Saudi Center for Culture and Heritage, which is the main local implementing partner, are handling the application process to get ready for the coming school year. During the initial period of operations, the new educational institution will house 1,000 boys and girls with 32 teachers and administrative staff on board. ![Teacher in a hijab greets students at the classroom door as they arrive with backpacks.](https://turkbusinessnews.com/wp-content/uploads/2026/08/110-1024x737.jpg "110 -")Project coordinators have outlined future expansion plans designed to scale total capacity to roughly 4,000 students, ensuring broader access to secure learning environments tailored to academic, social, and creative development. The educational project operates as part of a comprehensive humanitarian campaign funded by Riyadh to alleviate severe hardships facing displaced populations. Alongside school operations, the broader framework integrates community relief programmes, including large-scale hot meal distribution through central relief kitchens operating in heavily affected sectors. To facilitate registration, administrative centres have begun welcoming parents to complete essential paperwork, verify student credentials, and receive orientation regarding available academic resources. Community leaders have highlighted that returning children to formal classrooms serves as a critical measure for mitigating long-term developmental setbacks caused by prolonged school closures. By establishing accessible, safe learning spaces, the KSrelief initiative reinforces ongoing international efforts to maintain essential public services for Palestinian youth while providing stable environments that foster community resilience and future personal growth. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** National **Tags:** gazaeducation --- ### [Riyadh Metro Drives Surge in Saudi Rail Passengers to 38 Million in Q2 2026](https://turkbusinessnews.com/2026/08/11/riyadh-metro-drives-saudi-rail-passenger-surge-q2-2026/) **Published:** August 11, 2026 **Author:** Samridhi Puri **Content:** The number of rail passengers in Saudi Arabia reached above 38 million within the second quarter of 2026 due to large-scale popularity of the recently launched Riyadh Metro, according to the official data released by the Transport General Authority (TGA) on Tuesday. The statistics highlight the significant changes that modern rail transportation has brought about in terms of enhancing urban transportation and connectivity. Urban rail systems have been responsible for more than 36 million passenger trips in the course of three months. The Riyadh Metro became the main source of using urban transport, having transported 29.7 million people, accounting for more than four-fifths of all trips in urban rail transport systems. Additionally, a considerable number of passengers were served by the other transit systems – the Al-Mashaaer Al-Mugaddassah Metro transported 1.9 million passengers, and King Abdulaziz International Airport and Princess Nourah bint Abdulrahman University automated people movers carried 3.9 million and 635 thousand passengers, respectively. ![Modern green and white metro train on an elevated track with a city skyline in the background.](https://turkbusinessnews.com/wp-content/uploads/2026/08/107-1024x737.png "107 -")Intercity rail networks simultaneously reported strong demand, carrying millions of travellers across regional hubs and holy sites. The Haramain High-Speed Railway, which connects Makkah, Madinah, Jeddah, and King Abdullah Economic City, transported 1.6 million passengers in Q2. Additionally, regional services operated by Saudi Arabia Railways saw 389,000 passengers on the Eastern Line connecting Riyadh to Dammam, while the Northern Line carried roughly 246,000 passengers. Beyond passenger transit, Saudi Arabia’s national rail framework handled substantial freight volumes to bolster national supply chain logistics. TGA reported that rail freight operators moved over 3.7 million tonnes of minerals and general cargo alongside 47,000 standard twenty-foot equivalent container units (TEUs) during the quarter, with the North and East lines serving as crucial logistical arteries. Transport officials highlighted that the rapid expansion and adoption of rail infrastructure directly align with Saudi Vision 2030 goals. By diverting millions of commuter trips away from highway networks, the national rail system continues to reduce traffic bottlenecks, lower carbon emissions, and strengthen connectivity between key economic zones and regional urban centers. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** Other --- ### [Base Markets Appoints Nazim Moussaoui as Head of Premium Clients and Partnerships](https://turkbusinessnews.com/2026/08/10/base-markets-appoints-nazim-moussaoui-as-head-of-premium-clients-and-partnerships/) **Published:** August 10, 2026 **Author:** News Desk **Excerpt:** Former Pepperstone and Capital.com senior client executive brings two decades of experience across central banking, institutional sales and premium client management to the growing multi-asset broker EBENE, Mauritius — Base Markets, the multi-asset online brokerage, today announced the appointment of Nazim… **Content:** **Former Pepperstone and Capital.com senior client executive brings two decades of experience across central banking, institutional sales and premium client management to the growing multi-asset broker** EBENE, Mauritius — Base Markets, the multi-asset online brokerage, today announced the appointment of Nazim Moussaoui as Head of Premium Clients and Partnerships. Moussaoui will lead the firm’s relationships with high-value traders, institutional clients and introducing brokers across the Middle East and international markets as the company enters its next phase of commercial growth. Moussaoui brings more than twenty years of financial markets experience spanning central banking, treasury, funds management and online brokerage. He began his career at the Central Bank of Ireland before spending almost seven years at Depfa Bank, where he held senior roles across treasury trading and institutional sales, covering central banks, sovereign wealth funds and institutional clients in the Middle East. He subsequently held funds management and investment operations leadership roles in Australia and Luxembourg, including with RBC Investor & Treasury Services and Schroders. Over the past six years Moussaoui has specialised in premium client management within online brokerage, serving as Premium Client Manager for Australia, MENA and Latin America at Pepperstone, Head of Sales – Middle East, Premium Clients at Capital.com, and most recently in the Premium Clients team at Pepperstone. “Experienced traders know exactly what they want from a broker: sharp execution, transparent pricing and a relationship that goes beyond an account number,” said Nazim Moussaoui. “Base Markets is being built around precisely that promise, and the opportunity to shape the client experience from the ground up — in a region we know well — is one I could not pass up.” “Nazim has spent his career on both sides of the market — inside a central bank and on treasury desks, and at the front line of client service for two of the industry’s best-known brokers,” said Alex Kolpokchi, Chief Executive Officer of Base Markets. “His appointment reflects the standard we have set for ourselves: relationship-led service for serious traders, delivered by people who have done this at the highest level. He will play a central role as we grow our client and partner network.” *Watch — Base Markets Co-Founder and CEO Alex Kolpokchi on building a client-first brokerage, in conversation with Finance Magnates Chief Editor Yam Yehoshua.* Moussaoui’s appointment comes just weeks after Base Markets announced its public launch, as the newly established broker begins building its client base and introducing broker network, with plans for an operational presence and additional regulatory licensing in the Middle East region and beyond. **About Base Markets** Base Markets is a multi-asset online brokerage providing leveraged trading access to global financial markets for retail and professional clients. Through the MetaTrader platform environment, clients trade foreign exchange, equity indices, precious metals, energy and soft commodities. In an industry that increasingly competes on noise, bonuses and gimmicks, Base Markets deliberately goes against the grain — offering a serious trading experience built on trust, transparency and client success, combining institutional-grade infrastructure with a personal, relationship-led service for serious traders. Base Markets is incorporated in the Republic of Mauritius (Company No. 223521/GBC) and is regulated by the Mauritius Financial Services Commission (Licence No. GB25204723). **Disclaimer:** Trading leveraged products involves significant risk of loss and is not suitable for all investors. **Contact** **Marketing** **Base Markets** **marketing@basemarkets.com 00441224076060** ***Syndication Notice:** This press release is syndicated from the [original source](https://www.globenewswire.com/news-release/2026/08/10/3341638/0/en/base-markets-appoints-nazim-moussaoui-as-head-of-premium-clients-and-partnerships.html) for informational purposes. We do not claim ownership of the content. All copyrights, trademarks, images, and other intellectual property remain the property of their respective owners.* The post [Base Markets Appoints Nazim Moussaoui as Head of Premium Clients and Partnerships](https://menawirenow.com/2026/08/base-markets-appoints-nazim-moussaoui-as-head-of-premium-clients-and-partnerships/) first appeared on [MENAWireNOW](https://menawirenow.com). **Publishing Source::** [menawirenow.com](https://menawirenow.com/2026/08/base-markets-appoints-nazim-moussaoui-as-head-of-premium-clients-and-partnerships/?utm_source=rss&utm_medium=rss&utm_campaign=base-markets-appoints-nazim-moussaoui-as-head-of-premium-clients-and-partnerships) ![author avatar](https://secure.gravatar.com/avatar/4e3a45e03c0bce69b866fb10b522d054c74b2afa03adaeb29a3148d4aadd366e?s=300&d=mm&r=g) News Desk [See Full Bio](https://turkbusinessnews.com/author/news-desk/) [ ](https://turkbusinessnews.com/author/news-desk/) **Categories:** Press Release --- ### [Jeff Bezos nears deal to buy Liverpool stake: Report](https://turkbusinessnews.com/2026/08/10/jeff-bezos-nears-deal-to-buy-liverpool-stake-report/) **Published:** August 10, 2026 **Author:** spsingh **Content:** The consortium is led by British-Indian businessman Amit Bhatia and also includes Facebook co-founder Eduardo Saverin, according to the broadcaster. Liverpool’s controlling shareholder, Fenway Sports Group (FSG), is preparing to announce the transaction as early as this week, the report said. FSG confirmed in July that Bhatia’s consortium had approached the group about acquiring a minority stake in the club. The deal would reportedly value Liverpool at about $5.9 billion, putting the value of the roughly 30% stake at around $1.8 billion. FSG would retain control of the club. Bhatia is a former shareholder of Queens Park Rangers and the son-in-law of Indian steel billionaire Lakshmi Mittal. If completed, the deal would bring Bezos, Bhatia and Saverin into Liverpool’s ownership structure as members of the minority investment consortium. Forbes estimates Bezos’ fortune at more than $280 billion and Saverin’s at over $32 billion. FSG has controlled Liverpool since purchasing the club for about $402 million in 2010. It also secured a minority investment from global sports investment firm Dynasty Equity in 2023. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Business **Tags:** Bezos, buy, deal, Jeff, Liverpool, nears, Report, stake --- ### [Turkish President Erdoğan welcomes Austrian chancellor](https://turkbusinessnews.com/2026/08/10/turkish-president-erdogan-welcomes-austrian-chancellor/) **Published:** August 10, 2026 **Author:** spsingh **Content:** Turkish President Recep Tayyip Erdoğan on Monday welcomed Austrian Chancellor Christian Stocker with an official ceremony at the Presidential Complex in Türkiye’s capital, Ankara. Turkish Foreign Minister Hakan Fidan, Communications Director Burhanettin Duran, the president’s chief advisor Akif Çağatay Kılıç, and other officials were present at the ceremony. Stocker is paying an official visit to Türkiye at the invitation of President Erdoğan. During meetings during his visit, multidimensional relations between the two nations will be discussed, and steps to further develop existing cooperation will be addressed. The talks are also expected to cover regional and global issues. Relations between Türkiye and Austria have recently shown signs of renewed engagement, with both sides seeking closer cooperation on trade, migration, and security. Turkish Foreign Minister Hakan Fidan visited Vienna this April, where he met his Austrian counterpart Beate Meinl-Reisinger as well as Stocker, highlighting efforts to strengthen bilateral ties while also discussing Türkiye-EU relations and regional conflicts. Economic links remain a major pillar of the relationship. Bilateral trade reached about $4.36 billion in 2025, up from $3.91 billion in 2024, according to Türkiye’s Foreign Ministry; Austrian government figures put 2025 trade at almost €4.3 billion (about $4.97 billion). Austria is also a significant investor in Türkiye. The relationship is also shaped by a large Turkish community in Austria and substantial tourism ties. More than 563,000 Austrian tourists visited Türkiye in 2025, while Austrian investment in Türkiye between 2005 and 2025 exceeded $11.2 billion. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** National **Tags:** Austrian, chancellor, Erdoğan, President, Turkish, welcomes --- ### [Nearly 6,000 displaced in one day by clashes in Sudan’s West Darfur: UN migration agency](https://turkbusinessnews.com/2026/08/10/nearly-6000-displaced-in-one-day-by-clashes-in-sudans-west-darfur-un-migration-agency/) **Published:** August 10, 2026 **Author:** spsingh **Content:** Nearly 6,000 people were displaced from seven villages in Sudan’s West Darfur state in a single day amid clashes between the army and the paramilitary Rapid Support Forces (RSF), the International Organization for Migration (IOM) said Monday. The UN agency said in a statement that 5,975 people fled the villages of Lakisa, Rofeid, Shibeit Ardu, Um Ghadara, Hajar Sangeid, Salamtar and Abu Suruj in Sirba locality on Sunday because of “deteriorating security conditions.” Most households crossed the border into Chad, while others sought refuge in locations within El Geneina locality, the capital of West Darfur, it added. The situation remains tense, the agency said, noting that it continues to monitor developments closely. On Sunday, the IOM reported that 5,135 people had been displaced from 10 villages in Sirba a day earlier because of escalating security tensions. On Saturday, Darfur Governor Minni Arko Minnawi said the Sudanese army had repelled a large-scale attack by the RSF on Bir Saliba. Bir Saliba lies north of El Geneina, the capital of West Darfur, and is considered strategically important because of its location along routes leading to the city. The area has repeatedly witnessed fighting between the RSF and the army and its allied forces. Fighting between the Sudanese army and the RSF has continued since April 15, 2023, following disputes over integrating the paramilitary force into the regular military. The conflict has killed tens of thousands of people and displaced millions. As of the end of June 2026, the IOM had recorded about 8.69 million internally displaced people in Sudan, along with more than 4.64 million people, who had returned to areas inside the country or from abroad. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** International **Tags:** agency, clashes, Darfur, Day, displaced, migration, Sudans, West --- ### [IFC Investment to Boost Access to Finance for Farmers, Strengthen Agribusiness in Turkey](https://turkbusinessnews.com/2026/08/10/ifc-investment-to-boost-access-to-finance-for-farmers-strengthen-agribusiness-in-turkey/) **Published:** August 10, 2026 **Author:** spsingh **Content:** Istanbul, Turkey, February 19, 2021—A targeted new investment by IFC, a member of the World Bank Group, will help address the critical financing needs of Turkey’s underserved micro, small, and medium enterprises (MSMEs) in the agricultural sector, helping preserve jobs and accelerate the country’s economic recovery. IFC is investing $150 million as a part of an approximately US$435 million equivalent Diversified Payment Rights (DPR) issuance of DenizBank A.Ş. (DenizBank). Other investors include the European Bank for Reconstruction and Development, Credit Suisse, and Emirates NBD. Photo Credit: Aksel Kirci-Bursa MSMEs, continue to be the worst affected by the COVID-19 pandemic in Turkey. Vital to Turkey’s economic growth, they account for 99 percent of its businesses, more than 73 percent of employment, and 58 percent of the country’s investment. Yet, access to finance for MSMEs remains severely constrained and they are susceptible to credit-cycle fluctuations. Moreover, the pandemic has disrupted the potential growth of the agricultural sector, mainly composed of MSMEs. The sector accounts for 6.5 percent of Turkey’s GDP (gross domestic product) and 15 percent of its exports. “As DenizBank, we provide 45% of the funding to the agricultural sector among private banks. However, I believe that besides our market share, the innovative solutions we offer to the sector have a great impact on this loan that we get from IFC. For example, our mobile application specific to farmers, namely ‘Deniz’den Toprağa’, which has unique features all around the globe, is one of the key indicators of the responsibility we take for the digital transformation of agriculture” said Hakan Ateş, DenizBank Financial Services Group, CEO. “While sustainability of access to food becomes vital during the pandemic period, we will put all the resources secured to service our farmers so that they can continue and grow their business and make it profitable.” IFC’s funding will enable DenizBank to continue to provide financing to agricultural MSMEs in rural areas.This is in line with IFC’s strategy to support the deepening and diversification of capital markets in the country by leveraging diverse instruments, including DPRs. “With this financing, we are directly aiming to support the Turkish agribusiness MSMEs, especially in these challenging times, to keep businesses afloat and boost economic growth,” said Vittorio Di Bello, IFC’s Regional Head of Industry for Financial Institutions in Europe and Central Asia. “We look forward to further strengthening our collaboration with DenizBank and will continue to seek out new projects to increase access to finance to the underserved segments in the country.” IFC has supported private sector development in Turkey for over 50 years, with a committed exposure of over $4 billion in the country as of June 2020. About IFC IFC—a member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2020, we invested $22 billion in private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity. For more information, visit www.ifc.org Stay Connected www.facebook.com/IFCwbg[www.twitter.com/IFC\_org](https://ifcextapps.ifc.org/ifcext/pressroom/ifcpressroom.nsf/0/www.twitter.com/IFC_org)www.youtube.com/IFCvideocastswww.ifc.org/SocialMediaIndexwww.instagram.com\\ifc\_org​ About DenizBank DenizBank started its journey when it was acquired by Zorlu Holding in 1997 from the Privatization Administration in the form of a banking license. The Bank’s shares were acquired by Dexia, one of the leading finance groups of Europe, in October 2006, and later by Sberbank, the largest bank of Russia, on September 28, 2012. As of July 31, 2019, the Bank was transferred to Emirates NBD, also among the largest institutions in its region. Aiming to create a “financial supermarket”, gathering various financial services under one roof, DenizBank Financial Services Group has 749 branches in total, including subsidiary branches and close to 14 thousand employees serving in 81 provinces of Turkey, five domestic and three international financial subsidiaries, six domestic non-financial subsidiaries and a branch in Bahrain. For more information, visit www.denizbank.com​ ​​​​​ ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Finance **Tags:** access, Agribusiness, Boost, Farmers, Finance, IFC, investment, Strengthen, Turkey --- ### [Teknofest brings technology drive to Türkiye’s southeast - Türkiye News](https://turkbusinessnews.com/2026/08/10/teknofest-brings-technology-drive-to-turkiyes-southeast-turkiye-news/) **Published:** August 10, 2026 **Author:** spsingh **Content:** ŞIRNAK Teknofest has launched its program in southeastern Türkiye with the opening stage of its Drone Championship in Şırnak, ahead of the main festival in Şanlıurfa from Sept. 30 to Oct. 4. Selçuk Bayraktar, chairman of the Teknofest board and the T3 Foundation’s board of trustees, attended the competition at Şırnak City Stadium and met with young participants. “The technology drive will rise from the southeast,” Bayraktar said, noting that competitions and other events would be held across the region. Nearly 18,000 young people from Şırnak applied to Teknofest’s technology competitions, placing the province among the top 10 nationwide in applications, he said. Twenty-two teams from the province reached the semifinals. Other regional events are planned in Diyarbakır, Siirt, Batman, Gaziantep, Mardin and Adıyaman before the main gathering in Şanlıurfa. Applications were received from all 81 provinces and 97 countries, according to Bayraktar. A record 1.6 million competitors in 730,000 teams applied this year, he said. Organizers will provide more than 100 million Turkish Liras in support and over 75 million liras in prizes. Before the Şanlıurfa festival, Teknofest Blue Homeland will take place at Gölcük Shipyard from Aug. 20 to 23. Bayraktar said the event would feature TCG Anadolu, TCG Istanbul and TCG Savarona, alongside the Kızılelma, Akıncı and TB3 aircraft. Bayraktar also recalled that much of the early development work on the Bayraktar Mini UAV was conducted in Şırnak in 2006, describing the city as his “second home.” ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Technology **Tags:** brings, drive, News, southeast, Technology, TEKNOFEST, Türkiye, Türkiyes --- ### [India’s incoming Saudi envoy sees stronger ties ahead across trade and investment](https://turkbusinessnews.com/2026/08/10/indias-incoming-saudi-envoy-sees-stronger-ties-ahead-across-trade-and-investment/) **Published:** August 10, 2026 **Author:** Samridhi Puri **Content:** The Indian ambassador, Vipul, visited Saudi Arabia to expand bilateral relations in trade, investment, technology, energy and sports. These are emerging key areas for deeper cooperation between both states. Vipul, who was presented with the certificate by the Indian president Droupadi Murmu on July 31, is expected to start his mission in Riyadh. In an interview to Arab News, he said that the two countries have a lot of mutual interests and institutions that can be used to strengthen strategic relations. ![](https://turkbusinessnews.com/wp-content/uploads/2026/08/103-1024x737.jpg "103 -")103The link between them has expanded tremendously in the last decade, with Vision 2030 of Saudi Arabia providing more scope for Indian companies and investors. The Strategic Partnership Council, established after Crown Prince Mohammed bin Salman’s 2019 visit to New Delhi, has provided a framework for cooperation across multiple sectors. Vipul identified investment as a major priority, pointing to opportunities for Saudi companies and the Kingdom’s sovereign wealth fund in India, as well as for Indian companies seeking projects in Saudi Arabia. He highlighted sectors including logistics, mining, minerals, renewable energy, tourism, entertainment, infrastructure, data centres and power. He said the partnership now extends beyond traditional areas such as energy and trade to include technology, security, defence and culture. Artificial intelligence, in particular, is an area where he sees significant potential as the technology reshapes economies and societies. Regional stability is another priority for New Delhi. Vipul said continued communication between the two governments is important as India maintains substantial economic and social connections with the Gulf. He stressed that peace and stability in the region are essential to India’s development interests. Sports could also become a growing part of bilateral economic cooperation. Saudi Arabia is preparing to host the Asian Games and the FIFA World Cup in 2034, creating opportunities for infrastructure, technology and investment involving Indian companies. Vipul, a career diplomat who previously served as India’s ambassador to Qatar from 2023 to 2026, also pointed to longstanding people-to-people links, including those associated with Hajj. He said he expects India-Saudi relations to strengthen further across multiple sectors as both countries pursue economic growth and diversification. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** International **Tags:** indiasaudirelation, trade, tradeandinvestment --- ### [Makkah Museum Displays Rare 18th-Century Quranic Manuscript at Hira Cultural District](https://turkbusinessnews.com/2026/08/10/makkah-museum-displays-18th-century-quran-manuscript/) **Published:** August 10, 2026 **Author:** Samridhi Puri **Content:** A very rare 18th-century Quranic manuscript that includes various styles of classical calligraphy has gone on display at the Holy Quran Museum in the Hira Cultural District of Makkah. This rare manuscript will give an idea of the great skill, craftsmanship, and dedication which have been used throughout the years to keep the sacred texts of Islam intact. This public display of the manuscript will give the citizens, scholars, and pilgrims from around the world a chance to see how the typography of the Arabic language has developed in the past along with learning about the process of preserving manuscripts. This historic museum is situated near the base of Jabal Al Nour, which is the place where the first divine message was received. ![Two researchers in a restoration lab, wearing masks and gloves, examine an open ancient manuscript with a magnifying glass.](https://turkbusinessnews.com/wp-content/uploads/2026/08/105-1024x737.jpg "105 -")Executed in rich black ink, the volume displays remarkable technical mastery by harmoniously integrating design elements from several distinct Islamic calligraphic traditions. The anonymous scribe employed meticulous diacritical markings and precise vowel notations throughout the text to ensure exact vocalisation, illustrating the uncompromising standards governing handwritten Qurans during the period.Beyond its script features, the manuscript is equally distinguished by its elaborate visual ornamentation. The opening folios feature intricate floral motifs, delicate gilding, and symmetrical border designs, reflecting the sophisticated decorative arts and illumination techniques that flourished in 18th-century artisan workshops across the region. The Holy Quran Museum forms a major cornerstone of the 67,000-square-metre Hira Cultural District, an expansive destination created to enrich the intellectual and spiritual journeys of visitors in Makkah. Equipped with interactive digital displays, curated artifact halls, and research facilities, the museum traces the evolution of writing materials, binding practices, and ornamental styles across various Islamic eras. Cultural authorities noted that exhibiting such rare historical artifacts strengthens Makkah’s position as a global center for Islamic art conservation, historic research, and scriptural study, offering millions of Hajj and Umrah pilgrims deeper context into the sacred heritage of the region. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** National **Tags:** makkahmuseum, quranicmanuscript --- ### [Saudi startup targets global carbon removal hub in the Kingdom](https://turkbusinessnews.com/2026/08/10/saudi-arabia-global-carbon-removal-hub-startup/) **Published:** August 10, 2026 **Author:** Samridhi Puri **Content:** A new start-up from Saudi Arabia is trying to establish the country as a global hub for permanent carbon removal, with an attempt to create an entire industry based on carbon extraction technologies from the air. This is happening at a time when Saudi Arabia is trying to widen its overall carbon management strategy and develop technologies that would help it meet the net zero emissions target by 2060. Carbon capture, utilisation, and storage technology has been identified as an important aspect of this process. ![Four scientists in a lab assemble a transparent modular apparatus with tubing and a cooling fan at a workbench, monitors in the background reveal data.](https://turkbusinessnews.com/wp-content/uploads/2026/08/102-1-1024x737.jpg "102 -")The start-up’s strategy is aimed at growing interest in carbon removal technology, especially those which will be able to take carbon dioxide out of the atmosphere. Such approaches are increasingly viewed as a potential tool for addressing emissions that are difficult to eliminate through conventional decarbonisation measures. Saudi Arabia has several characteristics that could support large-scale carbon removal projects, including extensive energy infrastructure, industrial clusters and geological formations suitable for carbon storage. A Global CCS Institute assessment said the Kingdom is targeting 44 million tonnes per year of carbon capture, utilisation and storage capacity by 2035. The Kingdom is already advancing major carbon-management infrastructure. Its Jubail carbon capture and storage hub is planned to initially handle up to 9 million tonnes of CO2 annually by 2027, while Saudi Arabia is examining the development of broader hubs around the Jubail and Yanbu industrial areas. Research is also examining the economics of direct air capture in Saudi Arabia. A 2026 KAPSARC study found that large-scale deployment could require measures such as long-term carbon-removal purchase agreements, clearer monitoring and verification rules, green financing and streamlined project approvals. The push is part of Saudi Arabia’s wider circular carbon economy approach, which treats carbon management as both an emissions challenge and an economic opportunity. In 2024, the Ministry of Energy and the Ministry of Economy and Planning launched a global challenge seeking innovative carbon capture and utilisation solutions from startups. If the startup can scale its technology and attract investment, Saudi Arabia could strengthen its role in the emerging global carbon-removal market while building a new technology sector alongside its established energy industry. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** Technology **Tags:** carbonremoval --- ### [Egypt’s flag carrier resumes flights to Sudan after suspension since May 2025](https://turkbusinessnews.com/2026/08/09/egypts-flag-carrier-resumes-flights-to-sudan-after-suspension-since-may-2025/) **Published:** August 9, 2026 **Author:** spsingh **Content:** EgyptAir resumed flights to Sudan on Wednesday, with its first flight landing at Port Sudan International Airport after operations had been suspended since May 2025. Sudan Airports Company said in a statement that Port Sudan International Airport had received EgyptAir’s first flight, marking the resumption of the direct route between Cairo and Port Sudan. The return of direct flights would strengthen air connectivity between Sudan and Egypt, support operations at Port Sudan International Airport and expand travel options for passengers, the company added. With EgyptAir’s return, the number of international airlines operating at Port Sudan International Airport has increased to five, it said. The other international carriers currently serving the airport are Ethiopian Airlines, Qatar Airways, Turkish Airlines and Oman’s SalamAir. Sudan has been engulfed in a war between the army and the paramilitary Rapid Support Forces (RSF) since April 2023 over disagreements concerning the integration of the RSF into the military. The conflict has triggered one of the world’s worst humanitarian crises, killing tens of thousands of people and displacing around 13 million others, according to UN estimates. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Business **Tags:** carrier, Egypts, flag, flights, resumes, Sudan, suspension --- ### [Türkiye close to joining world’s top 10 defense exporters](https://turkbusinessnews.com/2026/08/09/turkiye-close-to-joining-worlds-top-10-defense-exporters/) **Published:** August 9, 2026 **Author:** spsingh **Content:** Türkiye’s growing defense sector is close to breaking into the ranks of the world’s top 10 defense exporters as domestically developed platforms gain widespread international trust, the head of the Turkish Defense Industries Secretariat (SSB) said at the agency’s second anniversary event in Ankara. Haluk Görgün, secretary of the SSB, said the global success of Turkish defense platforms was driving demand, while the agency and affiliated companies hosted dozens of foreign delegations every week as an increasing number of countries sought to purchase Turkish defense products. Görgün said the sector’s global success was largely due to its human capital, noting that the average age of defense industry employees in Türkiye was 34, while some companies generating around $1 billion in revenue had an average employee age of under 30. “Thanks to its young and skilled workforce, Türkiye is ready to meet the needs of its allies for decades to come,” he said. Görgün emphasized that nations survive through the capacity they build long before crises emerge and said the National Competency Initiative, a framework approved at a defense meeting chaired by Turkish President Recep Tayyip Erdoğan in 2024, represented the human resources and competency dimension of the country’s national resilience strategy. “Many new fields became decisive in ensuring national security, ranging from artificial intelligence (AI) to quantum technologies, and from space exploration to cybersecurity,” he said. “We’re determined to be one of the pioneers in this great technological race, since after all, foreign dependence for critical technologies could spell a silent transfer of sovereignty.” Görgün said the initiative had reached around 500,000 people, bringing together seven target groups, ranging from high school students to industry executives, under a common development model comprising 11 programs. “We reached 2,541 students over five semesters and included 7,000 vocational and technical high school students from 13 schools in 12 cities in our competency development initiatives, while implementing the Defense Industry Campus Program in eight cities with 3,000 participants,” he said. “We conducted modules at universities, offering 288 courses to 4,991 students.” He said career and competency meetings had also been held with a total of 111,000 people, while the Defense Career Platform brought together around 290,000 users and 339 companies. The platform also delivered around 665 training sessions totaling more than 158,000 hours to over 73,000 users, he added. Görgün said Erdoğan’s vision of full independence for the Turkish defense industry was “the strongest pillar” supporting the sector through strategic planning. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** National **Tags:** close, defense, exporters, joining, Top, Türkiye, worlds --- ### [Pope Leo voices concern over tragic situation in Sudan](https://turkbusinessnews.com/2026/08/09/pope-leo-voices-concern-over-tragic-situation-in-sudan/) **Published:** August 9, 2026 **Author:** spsingh **Content:** Pope Leo XIV on Sunday expressed his concern over the ongoing “tragic” situation in Sudan, calling on the international community to support efforts aimed at bringing about an immediate ceasefire. He expressed his concern, citing in particular the Sudanese city of el-Obeid, and called on the international community “to support efforts aimed at bringing about an immediate ceasefire.” Fighting between the Sudanese army and the paramilitary Rapid Support Forces (RSF) has continued since 2023, following disputes over integrating the paramilitary force into the regular military. The conflict has killed tens of thousands of people and displaced millions. As of the end of June, the International Organization for Migration had recorded about 8.69 million internally displaced people in the North African nation, along with more than 4.64 million people who returned to areas inside the country or from abroad. Turning to the war between Russia and Ukraine, Pope Leo highlighted how “tragic episodes” are not only continuing but are multiplying, leading to a rising number of civilian causalities. “I stand with the families of the victims, the wounded, and all those who are suffering as a result of the ongoing conflict,” he added. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** International **Tags:** concern, Leo, Pope, situation, Sudan, tragic, voices --- ### [Ceasefire Essential for Troop Talks - Ukraine-Russia Conflict | Global Banking & Finance Review](https://turkbusinessnews.com/2026/08/09/ceasefire-essential-for-troop-talks-ukraine-russia-conflict-global-banking-finance-review/) **Published:** August 9, 2026 **Author:** spsingh **Content:** Turkey Urges Ceasefire Before Discussing Troop Deployment ANKARA (Reuters) -Turkey’s defence ministry said on Thursday that a ceasefire between Ukraine and Russia must be achieved first before any discussions can take place on possible troop deployment for a potential reassurance force. On Tuesday, French President Emmanuel Macron said the force would have French, British and Turkish soldiers. Ankara, which has maintained cordial ties with both Moscow and Kyiv during the war, has said it was open to discussing such a deployment but only if its modalities were set. “First, a ceasefire must be established between Russia and Ukraine. Afterward, a mission framework must be established with a clear mandate, and the extent to which each country will contribute must be determined,” the ministry said at a press briefing when asked about Macron’s comments. (Reporting by Tuvan Gumrukcu; Editing by Jonathan Spicer) Advertisement Newsletter Stay ahead of the markets The day’s essential banking & finance news, free to your inbox. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Finance **Tags:** Banking, ceasefire, Conflict, Essential, Finance, global, Review, talks, Troop, UkraineRussia --- ### [KoçSistem Leads Türkiye’s Information Technology (IT) System Integrator for the Eighth Consecutive Year as KoçDigital Wins Top Artificial Intelligence (AI) Award](https://turkbusinessnews.com/2026/08/09/kocsistem-leads-turkiyes-information-technology-it-system-integrator-for-the-eighth-consecutive-year-as-kocdigital-wins-top-artificial-intelligence-ai-award/) **Published:** August 9, 2026 **Author:** spsingh **Content:** ![Article image](https://www.africa-newsroom.com/files/large/90e2f32cf4c524a) KoçSistem (www.KocSistem.com.tr ), a Türkiye-based technology company, ranked first in the main Information Technology Systems Integrator and Business Partner category of the 27th ICT 500, the country’s most comprehensive ICT (information and communication technology) sector research. The company announced that the eighth consecutive category lead, as well as 10 combined category wins for KoçSistem and KoçDigital, support its MENA growth through offices in Dubai and Riyadh. “Securing this leadership for an eighth consecutive year in ICT 500 is a strong reference for our leadership position in Türkiye,” said Mehmet Ali Akarca, General Manager of KoçSistem. “It also supports our objective of growing in international markets. We are pleased to take the technology expertise and operational capabilities we developed over many years in Türkiye to the MENA region.” Ten category wins across two companies KoçSistem’s eight first-place results covered the main system integrator category and areas including consulting, cloud, hosting management, cybersecurity, managed services and data backup and storage hardware. KoçDigital added two first-place results in data warehousing and business intelligence software, and artificial intelligence under the “Contribution to Türkiye’s Economy” category. ICT 500 ranks Türkiye’s largest ICT companies ICT 500 is BThaber’s annual ranking of Türkiye’s 500 largest ICT companies by revenue, with additional tables covering operating categories. The latest edition assessed 2025 data and marked the study’s 27th year. The research reported that the combined 2025 revenue of the 500 ranked companies reached TRY 1.6 trillion, up 40 per cent from 2024. MENA growth through Dubai and Riyadh KoçSistem opened offices in Dubai and Riyadh in 2024 and continues to develop its MENA business in AI, cloud, cybersecurity, data analytics and managed services. The offices extend a regional initiative outlined at GITEX Dubai 2024, when KoçSistem described Dubai as a base for developing customer and partner relationships across the Gulf and wider MENA markets. “With over 80 years of experience, we aim to create long-term value for the region’s digital ecosystem,” Akarca concluded. Distributed by APO Group on behalf of KoçSistem. About KoçSistem: Having more than 80 years of experience, KoçSistem is an information technology company operating under Koç Group, Türkiye’s largest industrial and services conglomerate. Headquartered in İstanbul, it provides integrated technology products and services across cloud, cybersecurity, analytics, business solutions and digital workplace technologies. KoçSistem operates international offices in Azerbaijan, Dubai and Riyadh and works with business partners across 30 countries. Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release. © ZAWYA 2026 ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Technology **Tags:** Artificial, Award, consecutive, Eighth, Information, Integrator, Intelligence, KoçDigital, KoçSistem, Leads, system, Technology, Top, Türkiyes, wins, Year --- ### [Asian tech stocks fall amid renewed volatility in AI-linked shares](https://turkbusinessnews.com/2026/08/08/asian-tech-stocks-fall-amid-renewed-volatility-in-ai-linked-shares/) **Published:** August 8, 2026 **Author:** spsingh **Content:** Asian technology stocks declined on Thursday, tracking losses on Wall Street as concerns over the sustainability of artificial intelligence-related spending fueled renewed volatility across the sector. In South Korea, SK Hynix was down 2.2% after plunging nearly 10% earlier in the session, while Samsung Electronics declined 6.3% and Seoul Semiconductor lost 3.7%. In Japan, technology investment company SoftBank Group fell 3.4%, while chipmaking equipment producer Tokyo Electron dropped more than 5.4%. Semiconductor testing equipment maker Advantest lost 2.6%, and memory chip producer Kioxia declined 9.2%. Taiwan Semiconductor Manufacturing Company, the world’s largest contract chipmaker, fell 1.66%. The losses followed a retreat in US technology shares during overnight trading as investors continued to assess whether the rapid expansion in AI-related spending could be sustained. Asian semiconductor stocks have recorded sharp swings in recent sessions, with South Korea’s chip-heavy equity market alternating between steep losses and record gains. Despite the volatility, JPMorgan said the recent regional technology sell-off had not disrupted the broader AI investment cycle, according to CNBC. The bank said it did not expect major cloud computing companies, known as hyperscalers, to significantly reduce capital spending and saw no fundamental indicators pointing to meaningful weakness over the next six to 12 months. S&P Global said technology and defense spending were supporting global economic growth. The global purchasing managers’ index for technology equipment output increased in July at its fastest pace since May 2021, while the broader technology sector recorded its strongest growth in 10 months. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Business **Tags:** AIlinked, Asian, fall, renewed, shares, stocks, tech, volatility --- ### [Türkiyes National Security Council calls for return to Iran-US talks](https://turkbusinessnews.com/2026/08/08/turkiyes-national-security-council-calls-for-return-to-iran-us-talks/) **Published:** August 8, 2026 **Author:** spsingh **Content:** Türkiye’s National Security Council on Thursday called for the resumption of Iran-US talks, warning that renewed conflict could spread across the region and disrupt global trade routes. It came in a statement issued after the council’s meeting chaired by President Recep Tayyip Erdoğan at the Presidential Complex in Ankara. “The risks and threats posed by the renewed conflict between Iran and the US spreading to regional countries and global trade routes were highlighted, and all parties were called on to refrain from the use of force and return to negotiations aimed at establishing lasting peace,” it said in a statement. The council also said it reviewed progress toward the goals of a “Terror-Free Türkiye” and a “terror-free region.” “Progress made toward the goals of a Terror-Free Türkiye and a terror-free region was reviewed, and consultations were held on the next phases of efforts constituting a historic milestone in ensuring the security, stability and prosperity of our country,” it said. The statement stressed that “the international community should take a clear and uncompromising stance” against the Israeli administration’s continued ceasefire violations, escalation of settler terrorism in Palestinian territories and provocative attacks targeting holy sites, particularly Al-Aqsa Mosque. The council was also briefed on operations conducted at home and abroad against threats to Türkiye’s national unity and survival, particularly those posed by the PKK/KCK-PYD/YPG, FETÖ and Daesh terror organizations, as well as recent international developments. Marking the 10th anniversary of the national resistance against the July 15 coup attempt, the council reviewed the latest stage of the fight against FETÖ and said measures aimed at eliminating the “network of betrayal” would continue with vigilance. The council described the NATO summit recently hosted by Türkiye as a “critical threshold” for the alliance’s future and reaffirmed Ankara’s constructive approach to sharing its advanced capabilities with allies. On the Russia-Ukraine war, the council said the strategic deadlock could not be overcome by turning neighboring areas, particularly the Black Sea and the Caspian Sea, into conflict zones. It urged the warring parties to reduce rising regional tensions and take concrete steps toward establishing peace. The council also underlined the importance of Türkiye’s multidimensional cooperation with neighboring Syria and Iraq for regional security, peace and prosperity. It said Türkiye would continue to make the maximum possible contribution to processes aimed at strengthening regional solidarity. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** National **Tags:** calls, Council, IranUS, National, return, security, talks, Türkiyes --- ### [Turkish parliament committee adopts National Solidarity bill as part of Terror-Free Türkiye process](https://turkbusinessnews.com/2026/08/08/turkish-parliament-committee-adopts-national-solidarity-bill-as-part-of-terror-free-turkiye-process/) **Published:** August 8, 2026 **Author:** spsingh **Content:** A bill on strengthening national solidarity and social cohesion, prepared as part of the Terror-Free Türkiye process, was adopted by the Justice Committee of the Turkish parliament. The bill aims to determine the procedures for suspending ongoing investigations and prosecutions, the enforcement of convictions and other related proceedings following security authorities’ determination that the PKK/KCK terrorist organization and all formations linked to it have ended their de facto existence and surrendered all weapons and ammunition under their control, as well as for the publication in the Official Gazette of a National Security Council (MGK) decision confirming this determination. The regulation will cover the offenses of establishing or leading the PKK/KCK terrorist organization, membership in the organization, knowingly and willingly assisting it, and making propaganda for the organization, as well as crimes committed as part of the organization’s activities and offenses regulated under the Law on the Prevention of the Financing of Terrorism that are committed in favor of the organization. Under the bill, Organization refers to the PKK/KCK terrorist organization and all formations linked to it, while Board refers to the board to be established under the relevant provision of the regulation. According to the bill, provided that security authorities determine that the organization has ended its de facto existence and surrendered all weapons and ammunition under its control, and an MGK decision confirming this determination is published in the Official Gazette, investigations and prosecutions concerning offenses covered by the bill and punishable by a maximum sentence of 15 years or less will be suspended for five years. Investigations and prosecutions concerning offenses punishable by more than 15 years in prison, life imprisonment or aggravated life imprisonment will be suspended for 10 years. The suspension will not apply to investigations and prosecutions involving intentional homicide committed as part of the organization’s activities or offenses committed before June 1, 2005 that carry life imprisonment or aggravated life imprisonment. The statute of limitations for criminal proceedings will not run during the suspension period. Case files and evidence that may be used to prove the offenses will be preserved throughout the suspension period, beginning from the date the suspension decision is issued. A decision to liquidate property and assets subject to confiscation will be issued together with the suspension decision, and such assets will be registered as revenue for the Treasury. The decision will be notified to those entitled to seek legal remedies. It will also specify the right to appeal or object, the applicable deadline and the relevant authority. Those entitled to seek legal remedies against decisions issued by a public prosecutor under this provision may apply to a criminal judgeship of peace within two weeks. Decisions issued by a court to suspend a prosecution under the provision may likewise be challenged within two weeks. Investigations launched after the publication of the MGK decision in the Official Gazette concerning offenses covered by the regulation but committed before the publication of that decision will require authorization from the Board. Protective measures involving detention and judicial control imposed in connection with offenses subject to suspension will be reviewed by the competent judge or court at the stage of the investigation or prosecution, as well as by the relevant criminal chamber of a regional appeals court or the Court of Cassation. Where the necessary conditions are met, these measures will be lifted. Cases concerning offenses subject to suspension that are under appellate or cassation review will be overturned. – Registration of suspension decisions and subsequent offenses Suspension decisions will be entered into a dedicated system. These records may be used only for the specified purpose if requested by a public prosecutor, judge or court in connection with an investigation or prosecution. If a terrorism-related offense is committed during the suspension period after the date the suspension decision was issued, the suspension decision will be revoked and the investigation or prosecution will continue. If a conviction is subsequently handed down, enforcement of the sentence will not be suspended under the relevant provision of the regulation, and all legal consequences of the conviction will take effect. If the specified period expires without an offence being committed, a decision of non-prosecution or dismissal will be issued. The bill also stipulates that, provided security authorities determine that the organization has ended its de facto existence and surrendered all weapons and ammunition under its control, and the relevant MGK decision confirming this determination is published in the Official Gazette, enforcement of prison sentences imposed on convicted persons for offenses covered by the regulation will be suspended by a decision of an enforcement judge. The provision excludes persons convicted of intentional homicide committed as part of the organization’s activities and those sentenced to life imprisonment or aggravated life imprisonment for offenses committed before June 1, 2005. For convictions carrying a total prison sentence of 15 years or less, enforcement of the sentence will be suspended for five years. For convictions carrying more than 15 years in prison, life imprisonment or aggravated life imprisonment, enforcement will be suspended for 10 years. The suspension will not prevent the enforcement of confiscation decisions. The statute of limitations on the sentence will not run during the suspension period. Suspension decisions issued by an enforcement judge may be challenged. Such decisions will also be entered into the designated system, and the records may be used only for the specified purpose if requested by a public prosecutor, judge or court in connection with an investigation or prosecution. If a terrorism-related offense is committed during the suspension period, the enforcement judge will revoke the suspension decision and order the continued enforcement of the sentence. If the specified period expires without an offense being committed, the sentence will be deemed to have been served. Public prosecutors’ offices will be responsible for monitoring the suspension decisions. – Monitoring, coordination and implementation The Board may establish subcommittees when necessary and may invite representatives of ministries, institutions and organizations, as well as other persons deemed necessary, to meetings of the Board and its subcommittees. The Board may assign members to subcommittees to facilitate progress in the process involving the organization. Where deemed necessary, the Board may request judicial, administrative and legislative measures. Suspension decisions issued under the bill will be periodically reviewed by the Board following security authorities’ determination that the PKK/KCK terrorist organization and all formations linked to it have ended their de facto existence and surrendered all weapons and ammunition under their control, and the publication of the relevant MGK decision in the Official Gazette. Where deemed necessary, the Board may request from a criminal judge of peace or a court the removal, with all its consequences, of restrictions on rights arising from investigations and prosecutions. It may likewise request from an enforcement judge the removal, with all its consequences, of restrictions on rights arising from convictions. The relevant authority will decide on such requests, and those decisions may be challenged. For a request concerning restrictions on rights arising from convictions to be made, two years must have passed from the date of the decision in cases where the suspension period was set at five years, and three years must have passed where the suspension period was set at 10 years. The Board will regularly brief the Turkish Grand National Assembly on its work. The TBMM Presidency will establish a Monitoring Commission to oversee activities covered by the regulation. The Monitoring Commission will monitor activities carried out under the law and may issue recommendations. Secretariat services for the Board will be provided by the Secretary-General of the Presidency. – Surrender of weapons and equipment Weapons, ammunition, vehicles, equipment, explosives, and all other materials brought by or declared by members of the organization covered by the bill will be registered. The procedures and principles governing the implementation of the regulation will be determined by the Interior Ministry and Defense Ministry, taking into account the views of the security authorities. The provisions of the bill will apply to individuals who, within six months following security authorities’ determination that the PKK/KCK terrorist organization and all formations linked to it have ended their de facto existence and surrendered all weapons and ammunition under their control, and the publication of the MGK decision confirming this determination in the Official Gazette, submit a written notification to the public prosecutor’s office in their locality or to institutions designated by the Board stating that they wish to benefit from the provisions of the regulation. Tasks assigned under the bill will be carried out promptly by the relevant public institutions and organizations. Individuals who perform duties assigned under the bill within the scope of its objectives and activities will not incur civil, administrative or criminal liability as a result of carrying out those duties. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** International **Tags:** adopts, bill, committee, National, Parliament, part, process, Solidarity, TerrorFree, Turkish, Türkiye --- ### [Seven Shifts Defining the Future of Technology Leadership in Türkiye](https://turkbusinessnews.com/2026/08/08/seven-shifts-defining-the-future-of-technology-leadership-in-turkiye/) **Published:** August 8, 2026 **Author:** spsingh **Content:** IDC – Agentic AI in Türkiye: 7 Shifts for CIOs to Watch Skip to main Skip to search Skip to footer Leadership Strategies August 7, 2026 3 min More than 400 CIOs and technology leaders gathered in Sapanca for the 17th IDC CIO Summit Türkiye, and the message was clear: the agent economy isn’t coming, it’s already here. IDC’s Eren Eser breaks down the seven shifts now defining how Turkish enterprises lead, govern, and compete. Every year, the IDC CIO Summit Türkiye takes the temperature of the country’s technology leadership. On May 6–7, 2026, during the 17th edition of the summit in Sapanca, more than 400 CIOs, chief technology officers (CTOs), and digital leaders gathered under a single banner called “The Rise of Agentic Systems.” The mood in the room told the real story. Türkiye is not preparing for the agent economy; it is already inside it. The numbers behind that shift are hard to ignore. IDC projects more than a billion AI agents in production by 2029, generating 217 billion actions and 3.7 trillion tokens every day at a delivery cost above $68 billion. Global AI spending is set to climb from $940 billion in 2026 to $2.1 trillion by 2029. The opportunity is obvious. The question that ran through every session was more grounded: What does it actually take for a Turkish enterprise to operate, govern, and compete when the workforce includes software that acts on its own? The summit confirmed that Türkiye’s technology leadership community is firmly inside the agent economy, not preparing for it. Foundational investments in sovereign cloud, hyperscaler regions, AI-ready data platforms, and responsible AI frameworks are being committed to at scale. The question is no longer whether to act, but how to sequence the work. In Türkiye, the CIO is becoming the chief value architect. CIOs who continue to lead with technical key performance indicators (KPIs) alone will lose ground to peers who lead with business outcomes (revenue uplift, margin protection, customer experience, and resilience) and treat technology metrics as enablers. The CTO is becoming the chief transformation officer. The CTO title is increasingly a misnomer for what the role demands. The CTO mandate has evolved toward a chief transformation officer remit, with technology leadership evaluated on continuous business outcomes reported in real time at the C-suite. The most effective leaders will own transformation end to end. Foundations, including data, infrastructure, and sovereignty, are the new battleground. The expanding footprint of hyperscaler-grade local infrastructure in Türkiye materially changes the latency, sovereignty, and cost calculus. IDC expects accelerated repatriation onto local sovereign and hybrid platforms over the next 12–18 months, with platformization (AI development platforms, data hubs, and low-code governance) outpacing point AI tooling investments. Agentic AI is in production, and governance is the hard part. The next two years will be defined less by model selection and more by orchestration, observability, agent identity, model armor, and the human–AI interface. Enterprises that succeed will redesign roles, controls, and accountability rather than layer agents on top of unchanged processes. Responsible AI is an operating discipline, not a slide. Mandatory AI literacy programs, continuous model life-cycle management, and use case–level authorization frameworks point to where the market is going: dynamic, embedded guardrails aligned with both personal data protection law and incoming local AI regulation. IDC recommends that CIOs in Türkiye treat responsible AI as a design constraint upstream of every initiative, not a compliance review at the end. Talent and HR are now part of the technology stack. Bringing business unit shadow IT teams into formal partnership, running structured AI literacy programs, and rethinking IT–HR collaborations are no longer side projects. They are the operating model of the agent economy enterprise. Resilience and innovation must be pursued together. Türkiye operates in an environment in which energy, geopolitics, currency, and demographics all introduce volatility. The CIO’s job is to design technology architectures (hybrid, sovereign, observable, and governed) that absorb shocks while still compounding business value. ![Eren Eser](https://analyst-api-cdn.idc.com/analysts/PRF004963/photo) Eren Eser – Associate Research Director, IDC Türkiye Eren Eser is a seasoned analyst with over 22 years of experience in the ICT sector. As a core member of IDC’s Global Services Insights team, he directs all ICT research and consulting engagements in Türkiye and leads IDC’s sustainability… Subscribe to our blog Stay ahead in a rapidly evolving market. Get timely insights, trusted research, and actionable guidance to help you make smarter technology and business decisions — whether you’re driving innovation, evaluating solutions, or shaping strategy. IDC Environmental Policy International Data Group is committed to protecting the environment, the health and safety of our employees, and the community in which we conduct our business. It is our policy to seek continual improvement throughout our business operations to lessen our impact on the local and global environment. We are committed to environmental excellence, pollution prevention and to purchasing products that reduce the use of natural resources. We fulfill this mission by a commitment to: Encouraging all partners to share in our mission Understanding environmental issues and sharing information with our partners Recognizing that fiscal responsibility is essential to our environmental future Instilling environmental responsibility as a corporate value Developing innovative and flexible solutions to bring about change Using our platforms and position in the IT industry to promote sustainability Minimize air travel to help reduce our impact on the environment Minimize use of materials and energy consumption in our offices Create a working environment that efficiently uses our office space Develop and maintain a hybrid working model that benefits both our employees and business partners Encourage employees to measure, minimize and collaborate on reducing energy consumption at home and in the office Engaging employees and promoting active participation in environmental and sustainability initiatives × Leaving? You are about to leave this section. Do you wish to continue? Cancel Continue × ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Technology **Tags:** Defining, Future, leadership, Shifts, Technology, Türkiye --- ### [Hayy Jameel brings cinema, music and animal welfare together for International Cat Day](https://turkbusinessnews.com/2026/08/08/hayy-jameel-international-cat-day-jeddah/) **Published:** August 8, 2026 **Author:** Samridhi Puri **Content:** JEDDAH: Hayy Jameel hosted an event dedicated to the International Cat Day, where people enjoyed the screening of films and live entertainment along with supporting rescued animals. The event made Hayy Cinema a pet-friendly space, where the visitors could watch selected movies together with their pets. The lineup included a winner of the Academy Awards, 2024, “Flow”, as well as the documentary movie “Kedi”, which was filmed back in 2016. The event was a part of the activities organised by Hayy Cinema and aimed to engage the audience in the cultural exchange and participation with the help of the film. Zohra Ait El-Jamar, head of cinema at Art Jameel, pointed out that this lineup was chosen to show how cats can be presented in the movie from different angles and what relationship they have with humans. ![Street scene with two musicians playing guitar beside a colorful mural while many cats rest on blankets nearby. A sign promotes animal welfare.](https://turkbusinessnews.com/wp-content/uploads/2026/08/99-1024x737.jpg "99 -")A major part of the weekend was “Tunes for Tuna”, an arts and music event organised by Moondust and Atlas. The programme featured performances, artwork, food, merchandise and opportunities to adopt cats, with proceeds directed to the Get Along With Me Animal Welfare Association. Organisers Doha Nahas and Mosaid Khalid said the concept had been in development since 2019, with the aim of linking music to a meaningful social cause. They said artists, volunteers and organisers contributed their time to support the initiative, while proceeds will help fund animal treatment, surgery, medication, daily care and rescue operations. The organisers also pointed to growing public interest in animal adoption across Saudi Arabia, crediting social media and rescue campaigns with helping more people connect with animals needing homes. They said encouraging adoption over purchasing pets remains an important challenge. Beyond cinema and music, visitors participated in creative activities, including a beaded-fish workshop led by artist Sumayah Sendi of Kuiper Beads. For attendees, the event offered both entertainment and an opportunity to promote adoption. Visitor Sarah Ibrahim said the pet-friendly format allowed people and their animals to share the experience while helping raise awareness about animal welfare and bringing the community together. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** Other **Tags:** animalwelfareinitiatives --- ### [Saudi Arabia, Pakistan and Turkey sign a joint defence agreement in Mecca](https://turkbusinessnews.com/2026/08/08/saudi-pakistan-turkey-mecca-joint-defense-agreement/) **Published:** August 8, 2026 **Author:** Samridhi Puri **Content:** A joint defence pact has been signed by Saudi Arabia, Pakistan, and Turkey in the holy city of Mecca, which serves as a framework for collective security between the trio amid increasing military conflicts in the Middle East region. The Mecca Joint Defence Pact, signed on Friday, August 7, shows the three countries agreeing that any kind of attack on any one of the three nations will be seen as an attack on all of them. The agreement signed by Turkey’s president Recep Tayyip Erdogan, Saudi Arabia’s Prince Mohammed bin Salman, and Pakistan’s prime minister Shehbaz Sharif brings in a new trilateral security arrangement. The agreement was signed in Mecca. The move comes amid heightened regional instability and follows growing concerns over attacks and threats affecting countries across the Middle East. ![Three national flags waving in the wind: Saudi Arabia, Pakistan, and Turkey against a blue sky, on flagpoles](https://turkbusinessnews.com/wp-content/uploads/2026/08/98-1024x737.jpg "98 -")The pact marks a significant expansion of defence coordination between the three governments. Saudi Arabia and Pakistan already maintain a longstanding military relationship, while Ankara and Riyadh have also strengthened strategic ties in recent years. The agreement is expected to deepen cooperation on regional security and strengthen collective deterrence. However, analysts note that the pact does not automatically establish a military structure comparable to NATO, and the precise mechanisms for responding to an attack remain important to its practical implementation. Its signing also comes at a particularly sensitive moment for the region. Saudi Arabia has faced repeated security challenges linked to the wider conflict, while Pakistan and Turkey have sought to expand their roles in regional diplomacy and security. The Mecca agreement therefore represents more than a bilateral defense arrangement. By bringing Riyadh, Islamabad and Ankara under a shared security framework, it signals a greater emphasis on regional cooperation at a time when traditional security partnerships are being reassessed. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** International **Tags:** defenceagreement, mecca, middleeastsecurity --- ### [The UN Security Council condemns Houthi attacks on Saudi Arabia and commercial shipping](https://turkbusinessnews.com/2026/08/08/un-security-council-condemns-houthi-attacks-saudi-arabia/) **Published:** August 8, 2026 **Author:** Samridhi Puri **Content:** Several Houthi missile strikes have been condemned by the UN Security Council, which have attacked Saudi Arabia and ships sailing commercially. The council has also noted that the rise in aggression may escalate the situation in the region and hamper peace-making efforts in Yemen. The Security Council is also concerned about airplanes flying to the airports of Yemen without the authorisation of the Yemeni government. Such flights were non-compliant with the regulations on civil aviation. Such incidents raised concerns regarding the security, sovereignty of Yemen and freedom of movement of ships. According to the members of the Security Council, Houthi missile strikes targeting Saudi Arabia began on July 13, while those on ships have started since July 22.They also pointed to Iranian aircraft landing at Sana’a International Airport on July 3 and Hodeidah Airport on July 13 without the required government clearances. ![Two gray military vessels sail in calm blue sea near rocky desert coastline; a large cargo ship is ahead to the right.](https://turkbusinessnews.com/wp-content/uploads/2026/08/44-1024x737.jpg "44 -")44The council reaffirmed Yemen’s sovereignty, independence and territorial integrity and stressed that flights operating to Yemeni airports must receive authorization from the internationally recognised Yemeni government. At the same time, it called for reliable air access for humanitarian and civilian purposes, provided such operations comply with international law. Members also highlighted UN Security Council Resolution 2216, which restricts the supply of weapons, military assistance, training and related financial support to individuals and groups covered by the relevant sanctions regime, including the Houthis. The council said continued Houthi actions could threaten maritime navigation, increase the risk of further escalation and damage diplomatic efforts aimed at ending the conflict. It urged the Houthis to avoid additional escalation and use established dialogue channels to address disputes. The council also reiterated its backing for UN Special Envoy for Yemen Hans Grundberg and his efforts to pursue an inclusive, negotiated political settlement led and owned by Yemenis. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** International **Tags:** houthiattack, UN --- ### [Türkiye says Greeces tourism framework carries no legal consequences for Ankara](https://turkbusinessnews.com/2026/08/07/turkiye-says-greeces-tourism-framework-carries-no-legal-consequences-for-ankara/) **Published:** August 7, 2026 **Author:** spsingh **Content:** Türkiye on Friday said Greece’s newly announced Special Spatial Framework for Tourism would have no legal consequences for Ankara regarding interconnected disputes in the Aegean Sea. The Foreign Ministry said the framework also covers geographical formations whose sovereignty has not been transferred to Greece under international treaties. “We once again emphasize that attempts to instrumentalize universal values such as environmental protection for political purposes are futile and will in no way affect our country’s established legal position,” Foreign Ministry spokesperson Öncü Keçeli said in a statement on US social media platform X. He also stressed that unilateral actions should be avoided in enclosed or semi-enclosed seas such as the Aegean and the Mediterranean. “International maritime law encourages cooperation among coastal states in such seas, including on environmental issues,” he said. Recalling that Türkiye is one of the two littoral states of the Aegean Sea, Keçeli said Ankara remains ready to cooperate with Greece. He also reaffirmed Türkiye’s commitment to the principles of the Athens Declaration on Friendly Relations and Good-Neighbourliness, signed on Dec. 7, 2023, saying Ankara continues to advocate a sincere and comprehensive approach to resolving bilateral issues on the basis of international law, equity and good-neighborly relations. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Business **Tags:** Ankara, carries, consequences, framework, Greeces, legal, tourism, Türkiye --- ### [Türkiyes envoy condemns deadly Damascus bombing, reaffirms support for Syria](https://turkbusinessnews.com/2026/08/07/turkiyes-envoy-condemns-deadly-damascus-bombing-reaffirms-support-for-syria/) **Published:** August 7, 2026 **Author:** spsingh **Content:** People look at a damaged vehicle following an explosion, in Jaramana, Damascus countryside, Syria, August 6, 2026. (REUTERS) Türkiye’s ambassador to Syria, Nuh Yılmaz, on Thursday strongly condemned a deadly bombing in Damascus’ Jaramana district and reaffirmed Ankara’s support for efforts to achieve lasting stability and security in the country. “Violence and terrorism have no place in Syria,” he wrote on US social media company X, adding that Türkiye would continue to stand in solidarity with the “friendly and brotherly Syrian people.” Türkiye will continue supporting efforts to establish lasting stability and security in Syria, Yılmaz noted. At least two people were killed, and 13 others injured in the powerful explosion in the Syrian capital, according to authorities. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** National **Tags:** bombing, condemns, Damascus, deadly, envoy, reaffirms, support, Syria, Türkiyes --- ### [Mexico and Peru reestablish ties after asylum spat](https://turkbusinessnews.com/2026/08/07/mexico-and-peru-reestablish-ties-after-asylum-spat/) **Published:** August 7, 2026 **Author:** spsingh **Content:** Mexico and Peru announced the reestablishment of diplomatic ties on Friday, following a months-long split over the asylum bid of a former Peruvian official accused of coup plotting. The governments of leftist Mexican President Claudia Sheinbaum and her newly inaugurated, right-wing Peruvian counterpart Keiko Fujimori, “considering the historic bonds of brotherhood, friendship, and cooperation that unite Mexico and Peru, agreed on this date to resume diplomatic relations between the two States,” they said in a joint statement. Sheinbaum later said at her daily press conference that the former official at the center of the spat, ex-prime minister Betssy Chavez, was being flown on Friday aboard a Mexican military plane to Mexico. Fujimori’s government had granted safe passage to Chavez as a gesture of “goodwill,” Sheinbaum said. Mexico and Peru have had strained relations for years, following the ouster of leftwing Peruvian leader Pedro Castillo in December 2022. He had been impeached and removed from office after attempting to dissolve Congress, and was arrested on his way to the Mexican embassy to seek asylum. He and Chavez, his prime minister at the time, faced charges of plotting a coup over the Congress dissolution bid. While Castillo has been in jail since his arrest, Chavez had been released on bail. She sought asylum in the Mexican embassy in November 2025. The move prompted a furious reaction from the Peruvian government and kicked off a diplomatic tit-for-tat, which included Peru’s Congress voting to declare Sheinbaum persona non grata. Fujimori, who narrowly won a runoff election in June, had said she hoped to mend ties with Mexico. She took office in late July, becoming Peru’s ninth president in a decade, including a series of interim leaders following Castillo’s ouster. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** International **Tags:** asylum, Mexico, Peru, reestablish, spat, ties --- ### [Turkey to merge its state-owned Islamic banks, announces Erdogan](https://turkbusinessnews.com/2026/08/07/turkey-to-merge-its-state-owned-islamic-banks-announces-erdogan/) **Published:** August 7, 2026 **Author:** spsingh **Content:** Ziraat Katilim, Vakıf Katilim, and Halk Katilim banks would be consolidated, with the goal of creating “significant synergy” in the Islamic financial sector International Finance Business Desk 2 Min Read Turkey is to merge its three state-owned Islamic banks, with President Recep Tayyip Erdogan pitching participation finance, often known as interest-free or Shariah-compliant finance, as a “fairer” model for the whole world. “Participation finance is a fairer and safer model not just for Muslims but for the entire world,” Erdogan told the audience at the recently concluded “Third Global Islamic Economy Summit.” Ziraat Katilim, Vakıf Katilim, and Halk Katilim banks would be consolidated, with the goal of creating “significant synergy” in the Islamic financial sector. Erdogan also announced plans for an initial public offering (IPO) of another participation bank, Emlak Katilim, which he said would allow Turkish citizens to become partners in the venture’s growth. The institution was restructured in 2018 from Emlak Bank and has since become a key player in Turkey’s Islamic financial ecosystem. While describing Islamic finance as being based on justice, ethics, risk-sharing, sustainability, and social welfare, the president also said that “participation finance” and related capital market instruments have gained ground in Turkey’s financial system over the years. “In the first quarter of 2026, the market value of companies included in the participation index reached 36% of the total market value of companies traded on Borsa Istanbul. The active asset size of 10 Turkish participation banks, three of which are digital, currently stands at more than TL 4.7 trillion (over USD 100 billion),” Erdogan said. “Their market share within the banking sector has reached 9.5%,” he added further. Referring to global financial risks, Erdogan cited Institute of International Finance (IIF) data showing that global debt reached USD 350 trillion in the first quarter of 2026. “How sustainable this debt burden is remains a serious question that must be answered for the future of the global economy,” he noted. He stressed structural problems and recurring financial imbalances can only be solved by the deeper implementation of reforms. “You cannot treat conditions that require surgery with a simple bandage. Financial crises cannot be prevented without transitioning to an economic and financial paradigm centered on the principles of justice, ethics, production, and equitable distribution,” Erdogan said. He called for increased criticism and objections toward the current global financial architecture, stating more effort should be exerted to bring concrete alternatives into realization. “The more we embrace the principles set forth by the Islamic economy, and the more we make this model our focal and starting point, the faster we will reach our goals,” Erdogan concluded. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Finance **Tags:** announces, banks, Erdoğan, Islamic, merge, stateowned, Turkey --- ### [Türkiye prioritizes technology access over F110 local production: Report - Türkiye Today](https://turkbusinessnews.com/2026/08/07/turkiye-prioritizes-technology-access-over-f110-local-production-report-turkiye-today/) **Published:** August 7, 2026 **Author:** spsingh **Content:** Türkiye has revised its industrial strategy for the GE Aerospace F110 engines intended for the KAAN combat aircraft, shifting its priority from securing licensed local production toward using the associated offset package to obtain new technologies, rights, and higher-value work packages, defense outlet TurDef reported. Türkiye’s publicly stated objective had previously been to obtain a license allowing TUSAS Engine Industries (TEI) to manufacture the engines in Eskisehir, according to TurDef. That priority has now reportedly shifted toward using the industrial participation and offset package to secure technologies, rights and higher-value work packages not currently available to the Turkish propulsion industry. Why Türkiye is rethinking its F110 industrial strategy The shift does not necessarily exclude TEI from the F110 program or mean local production has been formally abandoned, according to TurDef. However, renewed licensed production is no longer regarded as the principal industrial objective of the procurement, TurDef reported. The U.S. State Department formally notified Congress on June 24 of a package worth more than $700 million covering F110 engines and related support for KAAN, according to TurDef. The 15-day congressional review period expired July 9 without legislation blocking the transaction. The notified package covers defense articles, services and technical data required for the integration, installation, external modification, qualification, certification, assembly and testing of engines identified in the notification as the F110-GE-129E/F. TurDef reported that Türkiye plans to procure approximately 80 engines for KAAN’s flight-test and initial production phases, with the F110 serving as an interim powerplant until the indigenous TF35000 turbofan becomes available for later production blocks. ![](https://www.turkiyetoday.com/s/i/i-fotobuyut.svg) An F110-GE-100 jet engine sits on an engine test frame for inspection Nov. 6, 2014, at Eielson Air Force Base, Alaska. (Photo via U.S. Air Force) From licensed production to a broader industrial goal In May 2023, then-TEI General Manager Mahmut Faruk Aksit said negotiations were continuing to manufacture KAAN’s initial engines in Türkiye. Aksit said Türkiye wanted the first production aircraft to fly with engines manufactured in Eskisehir, even though the engine design itself was not Turkish, TurDef reported. TurDef separately reported at the time that Türkiye was seeking U.S. approval for licensed F110 production at TEI. Türkiye already has extensive assembly, testing, and maintenance experience with the F110 family. The Turkish Air Force (TurAF) ordered F110-GE-129B engines for its additional F-16s and became the first international customer of the F110 Service Life Extension Program, according to GE Aerospace. TEI states it assembled and tested 271 F110 engines under the Oncel-I and Oncel-II programs and another 42 under Oncel-IV, and also assembled and tested 10 engines for the Royal Air Force of Oman. TEI later extended this capability beyond the 129B configuration, completing maintenance, repair and technology-upgrade work in 2024 on an Omani engine and delivering it in the F110-GE-129D configuration. ![An image of a morale painting designed, funded, and created by members of a New Jersey Air National Guard propulsion element at the engine test cell facility at the 177th Fighter Wing, Atlantic City Air National Guard Base, N.J., Jan. 31, 2017. (Photo via U.S. Air National Guard)](https://img.turkiyetoday.com/images/2026/8/6/turkiye-prioritizes-technology-access-over-f110-local-production-report-3225547_202608061750_20260806175041_2.jpg) ![](https://www.turkiyetoday.com/s/i/i-fotobuyut.svg) An image of a morale painting designed, funded, and created by members of a New Jersey Air National Guard propulsion element at the engine test cell facility at the 177th Fighter Wing, Atlantic City Air National Guard Base, N.J., Jan. 31, 2017. (Photo via U.S. Air National Guard) What changes with the D and E engine configurations GE Aerospace identifies the F110-GE-129D and F110-GE-129E as 6,000 Total Accumulated Cycles (TAC) configurations for single-engine F-16 and twin-engine F-15 applications, respectively. TAC is not a direct measure of flight hours or sorties but a weighted measure of the thermal and mechanical fatigue caused by engine starts and changes between power settings. The D and E configurations extend the interval between scheduled engine visits from 4,300 to 6,000 TAC, according to GE Aerospace. Their Service Life Extension Program hardware includes three-dimensional aerodynamic technology and upgrades to the combustor and high-pressure turbine. Integration of the engines into KAAN’s twin-engine architecture will also involve aircraft-specific control-system and interface requirements. TurDef noted these are operationally important improvements that build on an engine family with which Türkiye already has substantial assembly, testing and maintenance experience. GE Aerospace says 92% of F110 components have undergone some form of design change during the engine’s evolution, including new materials, coatings and improved manufacturing and inspection processes. Advanced cooling technology and longer-life rotating components have also increased time on wing and reduced life-cycle costs. Against this background, Türkiye is assessing whether updating its existing F110 capability would provide the best long-term industrial return, or whether the procurement could instead open access to technologies, rights and work packages not currently available in the country, according to TurDef. ![U.S Air Force Senior Airman engine test facility (ETF) maintainer completes an inspection on a General Electric F110-GE-129 engine at Shaw Air Force Base, S.C., August 14, 2020. (Photo via U.S. Air Force)](https://img.turkiyetoday.com/images/2026/8/6/turkiye-prioritizes-technology-access-over-f110-local-production-report-3225547_202608061750_20260806175041_3.jpg) ![](https://www.turkiyetoday.com/s/i/i-fotobuyut.svg) U.S Air Force Senior Airman engine test facility (ETF) maintainer completes an inspection on a General Electric F110-GE-129 engine at Shaw Air Force Base, S.C., August 14, 2020. (Photo via U.S. Air Force) GE Aerospace’s stake in TEI doesn’t guarantee technology access GE Aerospace owns 46.2% of TEI, making it the company’s second-largest shareholder after Turkish Aerospace, which holds 50.5%. This ownership structure does not automatically provide TEI access to GE Aerospace technologies, production licenses or international work packages, TurDef reported; any additional access would depend on separate agreements and applicable U.S. export controls. Türkiye’s revised approach therefore distinguishes between licensed local production and longer-term technological advancement, according to TurDef. Re-establishing an F110 production line could contribute to domestic manufacturing, while obtaining new rights, capabilities or international work packages could provide a broader and more durable industrial return, TurDef reported. Offset package value remains undisclosed Under the Presidency of Defense Industries’ (SSB) industrial participation and offset directive, eligible projects should carry an offset commitment of at least 50% of the procurement contract value, according to TurDef. The directive also allows the applicable threshold and offset rate to be changed through project-specific tender documentation. The more than $700 million value notified to the U.S. Congress covers engines together with integration, certification, testing, technical data and other services, and is not necessarily identical to the procurement contract value on which the offset obligation would be calculated, according to TurDef. As a result, the size of the industrial participation package cannot be established simply by dividing the publicly announced figure in half. The offset package’s precise value and content have not been disclosed, according to TurDef. ![](https://www.turkiyetoday.com/s/i/i-share.svg) August 06, 2026 05:57 PM GMT+03:00 ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Technology **Tags:** access, F110, local, prioritizes, production, Report, Technology, Today, Türkiye --- ### [Saudi POS Transactions Jump 33% in Weekly Surge as Education and Retail Spending Accelerate](https://turkbusinessnews.com/2026/08/07/saudi-pos-transactions-surge-33-percent-sama-august-2026/) **Published:** August 7, 2026 **Author:** Samridhi Puri **Content:** Total consumer expenditure in Saudi Arabia witnessed a significant rise on a weekly basis, as the value of POS transactions saw a 33 per cent surge to hit SR16.3 billion ($4.35 billion) in the week ended August 1, as per the latest data provided by the Saudi Arabian Monetary Authority (SAMA). The growth in value was seen amid an 18.1 per cent rise in the volume of transactions, which stood at 267.1 million for the week. The rise in the value and volume of transactions indicates ongoing growth in domestic consumption and increasing digitalisation, which are crucial components of the Kingdom’s Vision 2030 plan. Nearly every sector monitored by SAMA posted gains, led by education, freight transport and telecommunications. ![Infographic showing a payment terminal at center with +33% growth in Saudi POS transactions; surrounding sectors include education, freight transport, construction, transportation, restaurants, food & beverages, apparel, pharmacies, laundry, telecommunications, all around a city skyline.](https://turkbusinessnews.com/wp-content/uploads/2026/08/95-1024x737.jpg "95 -")Education registered the strongest weekly growth, with spending soaring 69.9 per cent to SR177.8 million, while transaction volumes in the category rose 15.4 per cent, indicating a higher average value per purchase. Freight transport and postal and courier services followed with a 65.5 per cent increase to SR73.9 million, while spending on laundry services climbed 53.8 per cent to SR70.4 million. Telecommunications expenditure also recorded robust growth, rising 53.1 per cent to SR246.2 million. Pharmacies and medical supplies advanced 46.6 percent to SR275.7 million, while apparel and accessories spending increased 46.1 per cent to SR1.41 billion. Food and beverages remained the kingdom’s largest spending category, expanding 40.8 per cent to SR2.69 billion. Restaurants and cafés ranked second with SR2.04 billion, up 24.4 per cent, while transportation spending rose 31.6 percent to SR1.26 billion. By contrast, construction and building materials recorded the smallest increase at 12.5 per cent, and airline-related spending grew a comparatively modest 9.3 per per cent. Riyadh continued to account for the largest share of POS spending, with transactions increasing 25.8 per cent to SR5.23 billion. Jeddah recorded a 26 per cent rise to SR2.18 billion, while Dammam, Madinah and Makkah also posted notable gains. Among smaller cities, Ahad Al-Masarha led the weekly growth with a 91 per cent increase, followed by Tabarjal and Al-Laith. The latest figures underline the continued expansion of digital payment adoption across Saudi Arabia, with rising consumer activity extending beyond major metropolitan areas into smaller cities, reinforcing the Kingdom’s push toward a more cashless and digitally connected economy. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** Local News **Tags:** consumerspending, POStransaction --- ### [Arab Teams Make History with Landmark Performances at 2026 FIFA World Cup Group Stage](https://turkbusinessnews.com/2026/08/07/arab-teams-2026-fifa-world-cup-group-stage-highlights/) **Published:** August 7, 2026 **Author:** Samridhi Puri **Content:** The group stage of the 2026 FIFA World Cup marked a watershed moment for Arab football, with a record number of teams competing and several producing memorable performances that highlighted the region’s growing presence on the global stage. From historic victories to breakthrough individual displays, Arab nations left a lasting impression before the knockout rounds began. Eight Arab countries qualified for the expanded 48-team tournament, the highest representation in World Cup history. While not every side advanced to the round of 32, the campaign showcased significant progress in competitiveness and demonstrated the continued development of football across the Middle East and North Africa. ![Golden FIFA World Cup trophy beside a Telstar Adidas soccer ball on a grassy stadium field at sunset.](https://turkbusinessnews.com/wp-content/uploads/2026/08/92-1024x737.jpg "92 -")Egypt produced one of the standout results among Arab teams with a convincing 3-1 victory over New Zealand in Group G, securing the nation’s first World Cup win since 1990. The Pharaohs’ disciplined display strengthened their hopes of progressing and underlined their return to football’s biggest stage after missing the previous edition. Saudi Arabia also delivered a resilient performance by earning a 1-1 draw against Uruguay in their tournament opener. The result kept the Green Falcons firmly in contention in a challenging Group H and reflected the team’s ability to compete against established football nations. Meanwhile, Qatar celebrated another milestone by scoring their first goal at a World Cup earned through qualification rather than automatic host status, demonstrating the country’s continued football development following the 2022 tournament. Jordan, making its FIFA World Cup debut, gained valuable experience despite a difficult group campaign, while Morocco, Iraq, Tunisia and Algeria also contributed to the region’s record participation. Although results varied, the collective presence of Arab teams illustrated the expanding depth of football talent across the region. Analysts say the performances represent another step forward for Arab football, building on recent international successes and increasing investment in player development, domestic leagues and infrastructure. The 2026 tournament has reinforced the region’s ambition to become a sustained force in world football, with several nations already looking ahead to future global competitions. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** Sports **Tags:** 2026FIFA, arabteam --- ### [Saudi Arabia Raises Security Alert Over Intelligence of Potential Iran-Backed Proxy Attacks](https://turkbusinessnews.com/2026/08/07/saudi-arabia-security-alert-iran-proxy-attack-intelligence/) **Published:** August 7, 2026 **Author:** Samridhi Puri **Content:** The Kingdom of Saudi Arabia has stepped up its security preparedness due to assessments made by its intelligence agencies showing that pro-Iran armed groups might have plans for conducting simultaneous attacks on targets in the Kingdom. The threat is believed to involve Yemen’s Houthi faction, Iraqi militia groups, and the Iranian IRGC, with possible attacks targeting civilians, the economy, and vital infrastructure. This comes at a time when the tension levels have been high within the region following months of conflict between Iran and other countries, including the US and Israel. The Saudi officials are keeping tabs on the situation while boosting their defensive positions. ![Military personnel stand near a large mobile missile launcher on a concrete pad beside a coastal industrial complex at sunset.](https://turkbusinessnews.com/wp-content/uploads/2026/08/91-1024x737.jpg "91 -")According to the senior source cited by Al Arabiya English, intelligence points to coordination between multiple Iran-aligned groups preparing possible operations against Saudi Arabia. While officials did not disclose specific locations or a timeline for the alleged attacks, they indicated that security agencies have heightened readiness to respond to emerging threats. Iran and the groups named in the report had not publicly responded to the allegations at the time of publication. The security alert follows renewed cross-border violence in the region. Saudi Arabia recently reported that Houthi shelling in Najran injured 11 civilians, including a child, while accusing the Iran-aligned group of deliberately targeting populated areas in violation of international humanitarian law. The incident marked one of the most serious escalations since the 2022 truce in Yemen significantly reduced large-scale fighting. The warning also coincides with growing regional defence coordination. Saudi Arabia, Pakistan and Turkey are expected to deepen military cooperation through a new defence agreement as Gulf states seek to strengthen collective security amid rising geopolitical uncertainty. Analysts say the latest intelligence reflects the Kingdom’s increasing focus on protecting vital infrastructure and maintaining regional stability as diplomatic efforts to reduce tensions continue. Saudi Arabia has consistently stated that it supports diplomatic solutions to regional disputes while affirming its right to defend its territory, citizens and critical facilities against any attack. The latest intelligence warning underscores the fragile security environment facing the Gulf as governments balance military preparedness with ongoing diplomatic engagement. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** National **Tags:** Iran, regionaltension, securityalert --- ### [Pakistan PM Shehbaz Sharif Heads to Saudi Arabia as Regional Security and Economic Talks Take Centre Stage](https://turkbusinessnews.com/2026/08/07/shehbaz-sharif-saudi-arabia-visit-gulf-security-talks/) **Published:** August 7, 2026 **Author:** Samridhi Puri **Content:** Pakistan Prime Minister Shehbaz Sharif is undertaking a state visit to Saudi Arabia amid Pakistan’s efforts to consolidate its strategic relationship with the Kingdom amid rising tensions in the Gulf region and the larger Middle East region. The visit is in line with Pakistan’s ongoing diplomacy geared towards improving its security relations with Saudi Arabia and creating economic ties. It is anticipated that Prime Minister Sharif will hold talks with Saudi Crown Prince and Prime Minister Mohammed Bin Salman about regional security, defence cooperation, investments, and economic relations. It is in recognition of Pakistan’s efforts to seek continuous financial support from the Kingdom, which has been one of the country’s most important partners politically and economically through financial and energy cooperation. ![Two national flags waving on flagpoles: the Saudi Arabian flag (green with white Arabic inscription and sword) on the left and the Pakistani flag (green with white crescent and star beside a white stripe) on the right](https://turkbusinessnews.com/wp-content/uploads/2026/08/88-1024x737.jpg "88 -")The discussions are taking place as tensions remain elevated in the Gulf following recent regional conflicts involving Iran, concerns over maritime security and renewed diplomatic initiatives to safeguard shipping routes and energy supplies. Pakistan has attempted to balance its longstanding relationship with Saudi Arabia while maintaining diplomatic engagement with neighbouring Iran, advocating dialogue and de-escalation throughout recent crises Security cooperation is expected to feature prominently during the visit. Saudi Arabia and Pakistan have deep military ties, with the two countries expanding defence coordination in recent years through joint training, intelligence cooperation and strategic agreements. Reports also indicate that Turkish President Recep Tayyip Erdogan is scheduled to meet both Crown Prince Mohammed bin Salman and Sharif in Saudi Arabia, highlighting broader regional efforts to coordinate on defence and geopolitical issues. Beyond security, Pakistan is seeking to attract additional Saudi investment as it works to strengthen its economy. Riyadh has pledged multi-billion-dollar investments across sectors, including mining, energy and infrastructure, making the Kingdom one of Pakistan’s most important economic partners. Analysts say Sharif’s latest visit underscores Islamabad’s strategy of deepening economic cooperation while reinforcing political and security ties with Gulf allies during a period of regional uncertainty. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** National **Tags:** gulftension, pakistanPM --- ### [Changan Automobile Showcases New Energy Lineup at FILDA 2026, Deepening Strategic Layout in Africa](https://turkbusinessnews.com/2026/08/07/changan-automobile-showcases-new-energy-lineup-at-filda-2026-deepening-strategic-layout-in-africa/) **Published:** August 7, 2026 **Author:** News Desk **Excerpt:** LUANDA, Angola — From July 21 to 26, the 41st Luanda International Fair (FILDA 2026) was successfully held in Luanda, the capital of Angola. Far more than an auto show, FILDA, the nation’s largest and most important international business event, offered… **Content:** LUANDA, Angola — From July 21 to 26, the 41st Luanda International Fair (FILDA 2026) was successfully held in Luanda, the capital of Angola. Far more than an auto show, FILDA, the nation’s largest and most important international business event, offered Changan Automobile an important platform to reaffirm its enduring commitment to the Angolan market. Together with local dealers and partners, the company presented its latest product line-up on a significantly larger exhibition area than in previous participations, outlining a comprehensive blueprint for its globalization strategy in Angola and the broader African markets. At the stand, Changan showcased a line-up of star models that drew sustained attention: the DEEPAL S05, DEEPAL G318, CHANGAN CS75 PLUS, and the New CHANGAN UNI-S. These vehicles embodied Changan’s brand positioning of intelligence, dynamism and advanced technology, sparking great interest among visitors and potential partners eager to experience the brand’s cutting-edge vehicles and technologies in person. Changan’s presence at FILDA 2026 underscores the acceleration of its global strategy. Since launching the Vast Ocean Plan in 2023, the company has embraced the principles of long-term development, localization and systematization, transitioning from product exports to comprehensive industrial globalization, strengthening cooperation with upstream and downstream partners across the global supply chain. Today, Changan operates across 118 countries and regions, supported by a global network of 22 manufacturing bases and a worldwide sales and service footprint, along with a 24,000-strong R&D team spanning six countries and ten locations in a 24/7 collaborative workflow to deliver competitive, locally adapted products. Within this framework, the Middle East and Africa region stands as one of Changan’s five core regional pillars, alongside Europe, Eurasia, Southeast Asia and Latin America. Across Africa, Changan is building a complete ecosystem covering sales, service, after-sales and parts support, guided by a clear principle of “no sales without spare parts, no long-term growth without reliable customer service.” CHANGAN aims to accompany Africa’s modernization journey, creating value for customers, opportunities for partners, and momentum for the region’s economic diversification. This approach embodies the company’s mission: to “lead sustainable mobility and benefit human life.” Contact information: Chongqing Changan Automobile Co., Ltd. E-mail: [global@changan.com.cn](https://www.globenewswire.com/Tracker?data=4Px_qNTz4jlhZXphftmcobZikXGmgBwFixEVxKyImRVITQ-WOTDQ2pwazR1C-PuPNV3JIBj-B21kS0VGRqNVdAO1K-FvfKoZX5j_Az3rkmw=) ***Syndication Notice:** This press release is syndicated from the [original source](https://www.globenewswire.com/news-release/2026/08/07/3340954/0/en/changan-automobile-showcases-new-energy-lineup-at-filda-2026-deepening-strategic-layout-in-africa.html) for informational purposes. We do not claim ownership of the content. All copyrights, trademarks, images, and other intellectual property remain the property of their respective owners.* The post [Changan Automobile Showcases New Energy Lineup at FILDA 2026, Deepening Strategic Layout in Africa](https://menawirenow.com/2026/08/changan-automobile-showcases-new-energy-lineup-at-filda-2026/) first appeared on [MENAWireNOW](https://menawirenow.com). **Publishing Source::** [menawirenow.com](https://menawirenow.com/2026/08/changan-automobile-showcases-new-energy-lineup-at-filda-2026/?utm_source=rss&utm_medium=rss&utm_campaign=changan-automobile-showcases-new-energy-lineup-at-filda-2026) ![author avatar](https://secure.gravatar.com/avatar/4e3a45e03c0bce69b866fb10b522d054c74b2afa03adaeb29a3148d4aadd366e?s=300&d=mm&r=g) News Desk [See Full Bio](https://turkbusinessnews.com/author/news-desk/) [ ](https://turkbusinessnews.com/author/news-desk/) **Categories:** Press Release --- ### [European wildfires cause up to $22B in total damage](https://turkbusinessnews.com/2026/08/06/european-wildfires-cause-up-to-22b-in-total-damage/) **Published:** August 6, 2026 **Author:** spsingh **Content:** Flames and smoke rise during a wildfire near Montfort-sur-Argens, near Correns, in the Var department, as drought conditions worsen following a heatwave and water shortages across much of France, August 1, 2026. (REUTERS File Photo) Record-breaking wildfires across Europe caused an estimated €15.6-€19.1 Billion ($18-$22 billion) in economic losses and total damage. Weather service AccuWeather Chief Meteorologist Jonathan Porter said late on late Wednesday that extreme heat and prolonged drought fueled the dangerous wildfires in countries including France, Spain, and Greece, burning more than half a million hectares. Porter warned that the extreme conditions threatened lives, reduced crop production, and created serious health risks due to smoke and poor air quality. Data from the European Forest Fire Information System showed that France and Spain experienced some of the most extensive fires, while the UK recorded more than 22,000 burned hectares. A historic wildfire near Bordeaux destroyed homes and forced the evacuation of more than 224,000 people across 420 square kilometers. Flames in Greece also destroyed properties and prompted mass evacuations near Athens. Forecasters expect very extreme wildfire danger to persist across western and Central Europe as the fire season continues. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Business **Tags:** 22B, damage, European, total, wildfires --- ### [Turkish justice minister says anti-terror bill excludes ringleaders, killers of security personnel](https://turkbusinessnews.com/2026/08/06/turkish-justice-minister-says-anti-terror-bill-excludes-ringleaders-killers-of-security-personnel/) **Published:** August 6, 2026 **Author:** spsingh **Content:** Turkish Justice Minister Akın Gürlek said on Thursday that the proposed Bill on Strengthening National Solidarity and Social Integration contains no provisions concerning those who gave orders for terrorist acts or those responsible for the deaths of Turkish security personnel. “The proposal submitted to parliament contains no provision regarding those who gave orders for terrorism or those who martyred our security forces. No special status is granted to any individual, and the regulation will not be extended to other structures,” Gürlek said in a video message shared on Turkish social media platform NSosyal. He said Türkiye was building the “Century of Türkiye” under the leadership of President Recep Tayyip Erdoğan and moving decisively toward a more prosperous, just and peaceful future. “We are witnessing a historic stage together through our Terror-Free Türkiye vision on the path toward making the Century of Türkiye the century of justice,” he said, describing the initiative as a national state policy based on public peace, state security and the country’s common future. Gürlek said the operational space of terrorist threats had been significantly reduced through “the wisdom of the nation, the determination of the state and the sacrifices of the security forces,” making it a shared responsibility to take legal, social and institutional steps to ensure lasting peace and security. He recalled that the 12-article draft law, to which the Justice Ministry contributed during its preparation, was submitted to parliament on Wednesday with the support of 360 lawmakers. “The proposal aims to strengthen social solidarity, reinforce the sense of shared belonging and eliminate the grounds on which terrorism could once again be exploited,” he said. Gürlek said the draft includes provisions concerning certain investigation, prosecution and execution procedures. “The fundamental principle is clear. For the provisions of the proposal to be implemented, the terrorist organization must completely cease to exist,” he said, adding: “All weapons and ammunition under its control must be destroyed completely and irreversibly.” He noted that this would be clearly and definitively determined by security institutions, confirmed by the National Security Council (MGK), and published in the Official Gazette. According to Gürlek, a board chaired by the vice president will be established, while parliament will form a monitoring commission to oversee the process and make recommendations when necessary. Reiterating that the Republic of Türkiye has the determination and capability to combat all forms of terrorism, Gürlek said all procedures would be carried out in line with the Constitution and the principles of the rule of law while taking into account the sensitivities of the Turkish people. “The sensitivities of our martyrs’ families and our heroic veterans will be the fundamental measure of the process. No action that would harm their honor or the sacred memory of our martyrs will be allowed,” he said. He added that the process would be transparent, subject to oversight and bound by the legal conditions set out in the law. TERROR-FREE TÜRKİYE A COMMON GOAL Gürlek said a Terror-Free Türkiye is the common goal of the country’s 86 million citizens and would mean a stronger economy, stronger democracy, a stronger investment environment and stronger development, as well as greater social solidarity and lasting brotherhood. He also said the vision extends beyond domestic security, describing it as one that also envisages “a Syria free of terrorism, a more stable Iraq, a more peaceful Middle East and stronger regional cooperation.” “The end of terrorism will narrow the space for foreign intervention and enhance the security of trade corridors, energy projects and transportation routes,” Gürlek said. He said reforms, investments and democratization steps implemented under Erdoğan’s leadership would be crowned with lasting peace, while Türkiye would continue to uphold the principles of the rule of law. Calling the proposal an important step toward strengthening the legal basis of the Terror-Free Türkiye initiative, Gürlek thanked Erdoğan, Nationalist Movement Party (MHP) Chairperson Devlet Bahçeli, all political parties that contributed to the proposal, stakeholders and everyone involved in its preparation. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** National **Tags:** antiterror, bill, excludes, justice, killers, minister, personnel, ringleaders, security, Turkish --- ### [UN chief warns nuclear risks rising in Hiroshima anniversary message](https://turkbusinessnews.com/2026/08/06/un-chief-warns-nuclear-risks-rising-in-hiroshima-anniversary-message/) **Published:** August 6, 2026 **Author:** spsingh **Content:** UN Secretary-General Antonio Guterres on Thursday warned that the world is facing growing nuclear dangers as geopolitical tensions deepen, urging nations to reject nuclear deterrence and recommit to diplomacy and disarmament. “Eighty-one years ago, Hiroshima was reduced to ruins. Tens of thousands of people were killed. And our world came face to face with the catastrophic power of nuclear war,” Guterres said in a message to commemorate the atomic bombing of the Japanese city of Hiroshima by the US. The Aug. 6, 1945, bombing during World War II left an estimated 140,000 victims dead by the end of the year, while an atomic bomb dropped on the city of Nagasaki three days later killed an estimated 74,000 victims. Guterres warned that the observance comes at a time of “deepening geopolitical division, rising mistrust, and intensifying competition,” adding that the safeguards that have helped prevent nuclear catastrophe for decades are under increasing pressure. He noted that the long-running decline in global nuclear arsenals is reversing, the international norm against nuclear testing is under threat and worldwide military spending hit $2.9 trillion in 2025. The secretary-general also cautioned that “nuclear sabers are being rattled once again in the name of power and coercion.” “Peace is not secured through fear and might. Peace is built through trust,” he said, urging greater investment in dialogue, diplomacy, international cooperation and adherence to international law. He urged all countries, particularly nuclear-armed states, to reduce nuclear risks, rebuild confidence, strengthen the global disarmament regime and advance toward the elimination of nuclear weapons. Rejecting the notion that nuclear weapons guarantee security, Guterres said nations must abandon “the zero-sum logic that nuclear weapons are the ultimate guarantee of security, when they are in fact the very opposite.” He also noted that the UN General Assembly’s first resolution in 1946 demanded the elimination of nuclear weapons, saying that goal remains “unfulfilled — but not unachievable.” “On this 81st anniversary, let’s act with clarity and conviction. Let’s choose dialogue over division, cooperation over confrontation, and common security over narrow advantage. And let’s move closer to a world where the tragedy of Hiroshima is never repeated,” Guterres added. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** International **Tags:** anniversary, chief, Hiroshima, message, nuclear, rising, risks, warns --- ### [US Hamas financing case exposes Turkey-based charity network and Erdogan gov't - Nordic Monitor](https://turkbusinessnews.com/2026/08/06/us-hamas-financing-case-exposes-turkey-based-charity-network-and-erdogan-govt-nordic-monitor/) **Published:** August 6, 2026 **Author:** spsingh **Content:** Abdullah Bozkurt/Stockholm A senior Hamas operative based in Istanbul allegedly used a major UK-registered Islamic charity to secretly channel millions of dollars, truckloads of goods and other resources to a terrorism-designated militant organization while presenting the operation to donors and international organizations as humanitarian relief for civilians in Gaza, according to a newly unsealed US federal complaint. Mohammad Yousef Hasna, also known by his adopted Turkish name “Orhan Korkmaz” and the nom de guerre “Abu al-Baraa,” was arrested in the United Kingdom on July 31 and ordered detained pending extradition proceedings. The 45-year-old Istanbul resident faces three counts in the Southern District of New York: conspiracy to provide material support to Hamas, conspiracy to finance terrorism and financing terrorism. Each charge carries a maximum sentence of 20 years in prison. The complaint, filed under seal on July 24 and made public after Hasna’s arrest, presents Turkey not simply as his place of residence but as an operational and institutional hub from which he allegedly managed a global fundraising and logistics network. It also reveals that Hasna worked with the Türkiye Diyanet Foundation (TDV), an organization that is controlled by Turkey’s state-run Directorate of Religious Affairs (Diyanet), to organize a high-profile international Gaza aid summit in Istanbul while he was allegedly coordinating aid shipments and financial transactions directly with a senior Hamas official. US prosecutors describe Hasna as the global director of an unnamed UK-registered organization referred to in the complaint as the “Sham Charity.” Although the Justice Department did not disclose its actual name, the details contained in the court filing and matching public records indicate that the organization is the Al-Khair Foundation. The complaint says the charity was founded in 2003, expanded from Islamic education to emergency relief in 2005 and later acquired a television network used for religious programming and fundraising. Al-Khair’s own account of its history contains the same details, including its establishment in 2003, its move into emergency relief in 2005 and the creation of IQRA TV by its founder. The UK Charity Commission lists Al-Khair Foundation under charity number 1126808 and reported income of £74.79 million for the financial year ending July 31, 2025. Text of the complaint filed against Mohammad Yousef Hasna, also known as “Orhan Korkmaz” and “Abu al-Baraa”: The strongest identifying link appears in the complaint itself. An FBI footnote cites an official TDV announcement about a November 2024 summit that public records show was jointly organized by TDV and the Al-Khair Foundation. The event, titled “International Humanitarian Aid Summit: The Future of Gaza,” brought more than 200 representatives of aid organizations and academia from 40 countries to Istanbul. Turkish President Recep Tayyip Erdogan, Hamas’s most ardent supporter, sent a video message to the opening of the summit, while Ali Erbaş, then-head of the Diyanet and chairman of TDV’s board of trustees, addressed the gathering. Erdogan’s endorsement of the event went beyond a routine greeting. In a video message played at the summit, he explicitly identified the Al-Khair Foundation as a co-organizer along with the government-linked Türkiye Diyanet Foundation. “I wholeheartedly congratulate the valued members of our Türkiye Diyanet Foundation and the Al-Khair Foundation, which have taken the lead in organizing this summit concerning Gaza’s future, reconstruction and rebuilding,” Erdogan said. His remarks confirm that Al-Khair was publicly recognized at the highest level of the Turkish government as one of the two organizations leading the event. Erdogan also welcomed participants arriving from across the Islamic world and said he believed the summit would support Turkey’s campaign on behalf of Gaza. The presidential message gave Al-Khair considerable official legitimacy and visibility. It associated the organization with Turkey’s state-backed humanitarian diplomacy and placed it alongside TDV. The depth of Al-Khair’s involvement was also confirmed by İzani Turan, general director of the TDV, in his promotional address in advance of the conference. On November 29, 2024, the Al-Khair Foundation jointly organized a conference in Turkey that was attended and endorsed by senior government officials. Turan said TDV had joined forces with the Al-Khair Foundation under the leadership of Turkey’s Directorate of Religious Affairs, creating what he described as a substantial international platform attended by 270 people from 33 countries. “We extend our sincere thanks to our highly valued charitable partner, the Al-Khair Association, which covered the financial side of this meeting, including the guests’ travel, arrival, accommodation and all related expenses,” he said. The statement further demonstrates the level of institutional legitimacy Al-Khair enjoyed in Turkey. Al-Khair’s institutional commitment to the summit was further demonstrated by the personal participation of its founder and chairman, Imam Qasim Rashid Ahmad, who attended the Istanbul conference and addressed the gathering. Ahmad, who also serves as chief executive of IQRA TV, represented Al-Khair at the event along with senior officials from the Turkish government. His presence showed that the partnership with TDV was approved and promoted by the charity’s top leadership rather than arranged solely by lower-ranking employees. During the conference, Erbaş announced that TDV and the Al-Khair Foundation planned to send 200 trucks of humanitarian supplies to Gaza. The summit’s final declaration said future aid coordination would continue under the leadership of the two organizations. The US complaint reveals that Hasna discussed the same event with Ghazi Hamad, a member of Hamas’s Politburo and head of the Hamas-controlled Ministry of Social Development in Gaza. ![](https://nordicmonitor.com/wp-content/uploads/2026/08/Imam-Qasim-Rashid-Ahmad-and-Diyanets-president-together-300x200.jpg "-")Al-Khair’s founder and chairman, Imam Qasim Rashid Ahmad — the black-bearded man seated at the center next to Diyanet President Ali Erbaş, who is wearing a white robe — attended and addressed the Istanbul conference hosted by the Turkish government in November 2024. In a voice message sent on November 3, 2024, Hasna told Hamad that he was organizing a conference in Turkey on November 29 and 30 called “Gaza the Day After” with what he described as the “Turkish Diyanet delegation.” Hasna said he wanted to invite representatives of UN institutions but lacked direct access to them. He then asked Hamad, who interacted with the United Nations Relief and Works Agency and other humanitarian organizations through his position in Gaza, to provide telephone numbers for officials at the United Nations and the International Committee of the Red Cross so that invitations could be sent. The event provided Hasna and the charity with access to Turkish state-linked institutions, international humanitarian organizations and hundreds of civil society representatives at a time when prosecutors say he was secretly acting at Hamad’s direction. The official endorsement also afforded the organization significant public legitimacy. Erdogan’s video appearance and Erbaş’s announcement of a 200-truck joint aid initiative came only weeks after Hasna allegedly discussed methods of disguising the actual ownership, destination and distribution of cargo entering Gaza. According to the complaint, Hasna had been operating within international humanitarian structures for years. From approximately 2009 until May 2017, he served as director of the Gaza coordination office in the Humanitarian Affairs Department of the Organisation of Islamic Cooperation, an intergovernmental body representing 57 states. He became a regional director at the charity in August 2018 and was promoted to global director in October 2023, shortly after the Hamas attack on Israel on October 7. Although the organization was registered in the United Kingdom, Hasna was primarily based in Turkey and used a Turkish telephone number ending in 9200. ![](https://nordicmonitor.com/wp-content/uploads/2026/08/Mohammad-Yousef-Hasna-300x300.jpg "-")Mohammad Yousef Hasna, also known by his adopted Turkish name, “Orhan Korkmaz,” The filing does not explain the origin or legal status of the Turkish name “Orhan Korkmaz.” He appears to have acquired Turkish citizenship and adopted a Turkish name. The Erdogan government has granted residency and citizenship to numerous Hamas figures, while also providing some of them with access to senior government officials. Several Turkish media reports published after his arrest in the United Kingdom also described him as a Turkish national. A Nordic Monitor investigation found that Al-Khair appears to have established a formal legal and operational presence in Turkey through the Istanbul-based Hayır Sosyal ve Yardımlaşma Derneği (Association for Charity, Social Aid and Solidarity, HSYD). Although the association’s website does not identify its executives, Hasna has been photographed meeting with international and local partners at the HSYD office. In the photographs he poses in front of a banner displaying the names and logos of Al-Khair and HSYD together, presenting them as part of the same organization. For instance, a delegation from the International Aid Campaign is seen meeting with Al-Khair Foundation officials at the organization’s regional headquarters in Istanbul on March 11, 2021. The campaign was established at the initiative of Ehee Jamiyya in cooperation with more than 120 nongovernmental organizations. Al-Khair regional director Hasna and Arabic relations and digital marketing head Adham Abu Selmiya received the foreign delegation. ![](https://nordicmonitor.com/wp-content/uploads/2026/08/Mohammad-Y.-Hasna-meet-with-vice-governor-of-Turkeys-Kilis-province-300x225.jpg "-")Mohammad Yousef Hasna is seen meeting with the deputy governor of Turkey’s Kilis province, near the Syrian border. According to the association’s organizational records, the HSYD was officially established in Istanbul on July 6, 2018, as a nonprofit humanitarian and social assistance organization. It is registered with the Interior Ministry under association number 34-244-193, indicating that it passed the required police and intelligence vetting and was approved despite its questionable ties. The association was also assigned tax number 4600790812 and MERSİS number 0460079081200001. MERSİS, or Merkezi Sicil Kayıt Sistemi, is Turkey’s Central Registry Record System, a nationwide electronic database that records companies, commercial enterprises and trade-registry transactions. The Turkish entity says it conducts or supports humanitarian programs in Palestine, Syria, Yemen, Lebanon, Afghanistan, Pakistan and parts of Africa. Its declared activities include emergency relief, food distribution, shelter, medical assistance, hygiene supplies, orphan sponsorship and support for vulnerable families. The date of the HSYD’s establishment roughly coincides with the period when Hasna became a regional director of the organization described in the US complaint. Federal investigators say Hasna assumed that role in August 2018 and later became the charity’s global director in October 2023. The existence of a formally registered association also indicates that Al-Khair’s Turkey connection went beyond conferences and temporary humanitarian campaigns. Such a structure could provide the organization with the legal means to maintain offices, employ staff, enter contracts, rent facilities and warehouses, operate bank accounts and coordinate projects with Turkish institutions. US prosecutors allege that Hasna was not merely a humanitarian official who unknowingly dealt with institutions controlled by Hamas. They portray him as a longtime ideological supporter of the organization who openly glorified members of its armed wing, the Izz al-Din al-Qassam Brigades, before later attempting to hide the organization’s role in aid distribution. ![](https://nordicmonitor.com/wp-content/uploads/2026/08/Al_Khair_founadtion_Istanbul_office_March_11_2021-300x230.jpg "-")Mohammad Yousef Hasna and his aide are seen meeting with foreign visitors at Al-Khair’s Istanbul office, which also serves as the premises of its Turkish entity, Hayır Sosyal ve Yardımlaşma Derneği (Association for Charity, Social Aid and Solidarity, HSYD). In October 2014 Hasna allegedly posted an image of an armed Hamas fighter and declared that an uprising had begun. In March 2015 he promoted a social media event featuring Hamas founder and Politburo member Rawhi Mushtaha. A month later he posted an image of Hamas co-founder Abdelaziz Rantisi holding an assault rifle, accompanied by a statement praising martyrdom. In January 2016 Hasna posted photographs of masked and armed Hamas militants in a tunnel, describing seven fighters killed in a tunnel collapse as heroes and martyrs. He also reposted material from Hamas’s official al-Qassam website. The operational allegations are largely based on encrypted messages, voice recordings, invoices and financial records exchanged between Hasna and Hamad. Hamad, designated by the US Treasury as a global terrorist in November 2024, has occupied several senior positions in Hamas, including adviser to former Hamas chief Ismail Haniyeh, deputy foreign minister, official spokesperson and Politburo member. As head of the Ministry of Social Development, Hamad was also positioned to control aid warehouses, recipient lists and contacts with international relief agencies. Prosecutors allege that Hasna repeatedly accepted instructions from Hamad concerning the purchase, transport, storage, presentation and distribution of supplies. On July 26, 2024, Hamad asked Hasna to provide video footage of aid parcels without showing signs or markings inside the storage facility. According to the FBI, the objective was to prevent viewers and donors from understanding who actually controlled or received the shipments. Hasna agreed and informed Hamad that the charity’s allocation of seven trucks had arrived and that filming would be arranged the following week. Four days later Hasna discussed an order involving 20,000 food parcels and 30 trucks. An invoice reproduced on page 16 of the complaint lists $661,500 for the parcels and $66,000 for transportation to Gaza, bringing the total to $727,500. ![](https://nordicmonitor.com/wp-content/uploads/2026/08/Izani_Turan_TDF_Director-300x275.jpg "-")İzani Turan, general director of the Turkish government-controlled Türkiye Diyanet Foundation (TDV), worked closely with Al-Khair, which US prosecutors allege provided funding and logistical support to Hamas in Gaza. Hasna told Hamad that the order had already formally been placed with a Jordanian humanitarian organization and would be difficult to cancel. However, he assured Hamad that he remained committed to their private agreement. Investigators concluded that Hasna intended to divert approximately 5,000 parcels from the larger order to recipients selected by Hamad. The communications indicate that organizations nominally involved in the operation were sometimes used to conceal the final destination of the cargo. In October 2024 Hasna and Hamad discussed trucks held in Al-Arish, Egypt, and goods stored in warehouses belonging to the charity, the Jordanian organization and the Hamas-controlled Ministry of Social Development. One message said a convoy that had entered Gaza was being held at ministry warehouses and stressed the need for the nominal consignee to claim the cargo immediately. The FBI concluded that the communications reflected a coordinated effort to move goods through a network of charities and warehouses for Hamas’s ultimate benefit while concealing the true distribution chain. The alleged deception extended to photographs and publicity material used to demonstrate to donors that the charity had delivered aid. On November 29, 2024, the same day the Istanbul summit was taking place, Hasna complained to Hamad that goods intended for recipients identified by Hamas had to be delivered to his own warehouse rather than directly to Ministry of Social Development facilities. ![](https://nordicmonitor.com/wp-content/uploads/2026/08/Mohammad_Y_Hasna-300x166.jpg "-")Mohammad Yousef Hasna. “If they go to your warehouses, I won’t be able to film or take the picture I want,” Hasna said, according to the complaint. He told Hamad that he had rented a warehouse for $60,000 and assigned a special staff to it. The FBI interpreted the statement as evidence that Hasna wanted to photograph the goods in a location carrying his charity’s branding, even though the items were earmarked for recipients designated by Hamas. Hasna later said that 18 of 25 incoming trucks belonged to his charity and expressed concern that unloading them elsewhere would prevent his personnel from controlling the images. He argued that the organization needed to demonstrate its credibility and ability to manage deliveries. In another message Hasna told Hamad that his office operated two computerized central warehouses and could enter “whatever names you want” into the database. Investigators believe this meant the charity could create or alter beneficiary records using names supplied by Hamad, enabling the Hamas official to determine who received supplies while the charity retained a formal paper trail suggesting independent humanitarian distribution. The complaint also alleges that commercial merchandise was falsely portrayed as charitable aid. Hasna said he had told intermediaries that certain goods were commercial but wanted the seller to describe them as having been sold for charity. The FBI concluded that the goods would enter Gaza under the charity’s name and then be sold to generate revenue for Hamas. Financial records recovered during the investigation suggest that the alleged network handled millions of dollars. ![](https://nordicmonitor.com/wp-content/uploads/2026/08/TDV_Khair_foundation_poster-300x148.jpg "-")A November 2024 poster announces an upcoming conference jointly organized by the Türkiye Diyanet Foundation and the Al-Khair Foundation. Hasna arranged the personal delivery of $3,000 in cash to Hamad in August 2024. In December he asked for both dollar and shekel-denominated bank account details so that funds could be transferred in whichever currency was available. A ledger covering approximately July 2024 to July 2025 listed incoming funds totaling about $5.3 million and expenses of approximately $3.1 million. Expenditures included payments to named individuals, transfer fees, commissions and a “Civil protection department.” The largest group of expenses, totaling $700,000, was recorded as being “in Dr.’s hand.” Since Hasna routinely addressed Hamad as “Doctor,” investigators concluded that the entry indicated Hamad personally received approximately $700,000. The scale of the organization’s financial growth after October 7 is also central to the case. According to disclosures submitted to British authorities, its gross income increased from approximately $41.8 million in fiscal year 2023 to $81.56 million in 2024. For the financial year ending July 31, 2025, it reported gross income of about $100 million and spending of approximately $91.4 million on charitable activities. The figures correspond with Al-Khair Foundation’s Charity Commission filings, which record income of £60.98 million for the year ending July 2024 and £74.79 million for the following year. The complaint further claims that Hasna looked for alternative organizations and intermediaries after Israeli authorities linked the charity to Hamas. In August 2024 he suggested that another charity headquartered in the United States purchase goods and resell them to his organization for a small administrative fee. ![](https://nordicmonitor.com/wp-content/uploads/2026/08/Erdogan_video_message_Nov_2024-300x168.jpg "-")Turkish President Recep Tayyip Erdogan sent a prerecorded video message to the event jointly organized by the Al-Khair Foundation and the Türkiye Diyanet Foundation (TDV). Hasna said the arrangement could prevent the charity from being directly connected to the supply channel after Israel had labeled it as a terrorist organization and killed its Gaza office manager in an airstrike. The FBI interpreted the proposal as an effort to use a third organization to conceal the charity’s procurement of goods for Hamas. The Turkey connection is particularly significant because Ankara’s policy towards Hamas differs fundamentally from that of its NATO allies. Turkey does not designate Hamas as a terrorist organization, and Erdogan has repeatedly called it a resistance or liberation movement rather than a terrorist group. Turkey has also regularly received senior Hamas officials for political meetings, and Erdogan has often provided them with an audience in his presidential office. That political environment has allowed individuals and organizations associated with Hamas to operate publicly, participate in conferences, engage Turkish institutions and cultivate relationships with senior officials without automatically attracting the scrutiny applied to them in the United States or European Union. The Hasna case does not accuse Turkish government officials of participating in the alleged financing scheme. Yet it shows how a person accused of coordinating directly with Hamas’s Politburo could base himself in Istanbul, operate under a Turkish alias, use a Turkish telephone number and partner with one of the country’s most prominent government-linked religious foundations. It is also worth noting that the Justice Department thanked British authorities and the Israeli Security Agency for their assistance in the investigation, while acknowledging substantial support from UK law enforcement and the Justice Department’s Office of International Affairs. The announcement made no mention of cooperation from Turkish authorities, suggesting that Ankara was kept out of the confidential investigation. This omission could indicate that US officials did not trust the Erdogan government to act against the suspect and therefore did not seek his arrest in Turkey, where such a request would certainly have faced serious obstacles given the government’s open political support for Hamas. In the meantime, Hasna remains in British custody while US authorities seek his extradition to New York. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Finance **Tags:** case, charity, Erdoğan, exposes, financing, govt, Hamas, Monitor, Network, Nordic, Turkeybased --- ### [Aselsan's Order Book Is Growing Faster Than Its Revenue](https://turkbusinessnews.com/2026/08/06/aselsans-order-book-is-growing-faster-than-its-revenue/) **Published:** August 6, 2026 **Author:** spsingh **Content:** Home › Turkey › Turkish Defence News › Aselsan’s Backlog Hits $23.2 Billion as Türkiye’s Defence Electronics Giant Grows 25% in Real Terms Turkish Defence News Aselsan reported H1 2026 revenue of TRY 88.5 billion, up 25% in real terms, with order backlog reaching $23.2 billion. The Turkish defense electronics firm raised R&D spending 41% and capacity investment 195%. Aselsan – which brands itself Türkiye’s leading defense industry company – reported revenue of 88.5 billion Turkish lira for the first half of 2026, a 25% increase in real terms and roughly US$1.8 billion. The real-terms qualifier carries weight. Turkish issuers report under inflation accounting, so the 25% figure is already adjusted for domestic price growth rather than flattered by it, and the same result converts to 37% in US dollars. Earnings before interest, taxes, depreciation and amortization (EBITDA) reached US$488 million at a margin of 26.3%, an improvement of 120 basis points year-on-year. Second-quarter results drove much of that. Aselsan booked net profit of 8.5 billion lira against a market expectation of 6.9 billion lira, on quarterly revenue of 51.8 billion lira and an EBITDA margin of 27%. The order book is where the company’s trajectory is clearest. Aselsan signed new contracts worth US$4.9 billion in the half, a 72% increase on the same period in 2025. Total backlog closed the half at US$23.2 billion, up 45% year-on-year and up from US$20.7 billion at the end of the first quarter. Because intake is running well ahead of recognized revenue, the backlog is compounding rather than drawing down. Chief executive Ahmet Akyol said the company expects to see US$30 billion next year, against a figure that exceeded US$20 billion in 2025. For comparison, Aselsan closed full-year 2025 with revenue of 180.4 billion lira on 15% real growth and export revenue of US$958 million, the latter an 89% increase. Domestic demand still dominates the mix. International sales accounted for 17% of the total in the first half, against 83% domestic – weighted toward the Turkish Armed Forces and the Presidency of Defence Industries (SSB), the authority that runs Türkiye’s major procurement programs. Much of that domestic flow ties to Çelik Kubbe, or Steel Dome, the layered air defence architecture first deployed at EFES 2026, for which Aselsan supplies sensors, effectors and the command layer. Spending grew faster than sales in two categories. Research and development outlays reached US$804 million, up 41%, while capacity and scale investments reached US$323 million, up 195%. Physical expansion accompanied that. The company brought a new production and test facility of 17,360 square metres into service and installed nineteen new robotic automation lines, with the first phase of its Oğulbey technology hub due to become operational in the third quarter of 2026. Headcount rose alongside it, with more than 1,000 new hires during the half, roughly 15% of them international. The balance sheet absorbed the investment without visible strain. Operating cash flow came in at 15.2 billion lira, the equity ratio stood at 56%, and net debt to EBITDA eased to 0.55 from 0.57. Guidance for the full year was left unchanged, with the company targeting real revenue growth of 10% or more against 2025, an EBITDA margin above 24%, and capital expenditure of 50 billion lira. Aselsan’s portfolio spans the Hisar surface-to-air missile family and the Korkut self-propelled anti-aircraft gun, radar and electronic warfare suites, the ASELPOD targeting pod, military 5G infrastructure and naval combat management systems, including the fit aboard the Pakistan Navy’s Babur-class MILGEM corvettes. The order book has kept building since the period closed, with Aselsan signing a €1.47 billion contract in July to expand Steel Dome air defence production. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Technology **Tags:** Aselsans, book, Faster, growing, order, Revenue --- ### [Chicano Hollywood Film Festival and Pure Flix Familia Honor Oscar-Nominated Makeup Artist Ken Diaz](https://turkbusinessnews.com/2026/08/06/chicano-hollywood-film-festival-and-pure-flix-familia-honor-oscar-nominated-makeup-artist-ken-diaz/) **Published:** August 6, 2026 **Author:** News Desk **Excerpt:** LOS ANGELES, CA — The award recognizes individuals whose lives reflect the values of faith, family, service and cultural leadership — The Chicano Hollywood Film Festival announced that Oscar-nominated makeup artist, character designer and longtime community advocate Ken Diaz has been… **Content:** LOS ANGELES, CA ***— The award recognizes individuals whose lives reflect the values of faith, family, service and cultural leadership —*** The Chicano Hollywood Film Festival announced that Oscar-nominated makeup artist, character designer and longtime community advocate Ken Diaz has been named the inaugural recipient of the Community Impact Legacy Award, presented by Pure Flix Familia, Great American Media’s upcoming Spanish-language and bilingual faith and family entertainment destination. The annual award recognizes individuals whose lives exemplify faith, servant leadership and a lifelong commitment to strengthening families and communities. The honor was presented during the festival’s Closing Night Awards Ceremony. “Ken Diaz has spent a lifetime creating unforgettable characters on-screen, but his greatest legacy is the lives he has touched off-screen,” said Johnny Murillo, founder of the Chicano Hollywood Film Festival. “His story reflects the values this award was created to recognize faith, redemption, service and a commitment to helping others discover hope and purpose.”“The Community Impact Legacy Award, presented by Pure Flix Familia, recognizes people who use their gifts to make a lasting difference in the lives of others,” said Denise Crayne, Chief Financial Officer of Great American Media. “Ken’s remarkable career speaks for itself, but what makes him truly deserving of this honor is the way he has invested his faith, influence and compassion in the lives of others. His commitment to mentoring others, supporting second chances and pointing people toward hope reflects everything this award was created to celebrate.” The honor reflects Pure Flix Familia’s mission to celebrate individuals whose lives demonstrate the power of faith, service and authentic storytelling to strengthen families and communities. While Diaz’s Hollywood career has earned widespread acclaim, it was his personal journey of faith and ministry that made him the unanimous choice for the festival’s inaugural honor. In 1991, Diaz was shot in the leg after confronting young gang members spray-painting graffiti beneath a Los Angeles freeway overpass. During his recovery, a friend prayed with him and introduced him to Jesus Christ, beginning a profound spiritual transformation that would shape the rest of his life. Soon afterward, Diaz became involved in a church in Pico Rivera, where he spent months working alongside former gang members who shared powerful dramatic presentations based on their own lives. Their stories revealed not only the violence and consequences of gang culture, but also the hope found through faith, forgiveness and redemption. That encounter changed the course of Diaz’s life, reshaping both his faith and the stories he would spend the next three decades helping bring to the screen. “I had gone from wanting to beat these kids…to having a deeper understanding of them,” Diaz recalled in a recent interview with the *Los Angeles Times*. “I realized the humanity of the hurt, damaged people who just need love and guidance.” Those relationships profoundly influenced both his ministry and his work in Hollywood. They enabled Diaz to bring extraordinary authenticity and humanity to acclaimed films including *Blood In Blood Out*, *American Me* and *Training Day*, portraying gang life not as something to glorify, but as a reflection of broken lives that can be transformed through hope and redemption. Today, Diaz continues that commitment through his service with Homeboy Industries, the world’s largest gang intervention, rehabilitation and re-entry program. He serves on the Advisory Board of Homeboy Media, the organization’s film and media initiative dedicated to creating pathways into the entertainment industry for formerly gang-involved and formerly incarcerated individuals. Founded in Los Angeles in 1988, Homeboy Industries provides hope, healing and opportunity through job training, education, mental health services, tattoo removal, legal assistance and workforce development, helping thousands of men and women rebuild their lives with dignity and purpose. Through Homeboy Media, Diaz is helping develop filmmaking programs that provide career training and job placement for roles both in front of and behind the camera while producing films and television projects that reflect the organization’s philosophy of kinship, redemption and hope. “Ken has never separated his faith from his profession,” Murillo said. “Whether mentoring young artists, helping tell authentic stories on screen, or creating opportunities for men and women rebuilding their lives after incarceration, he has consistently used his God-given talents to serve others. That lifelong commitment to faith, family and second chances makes him the ideal inaugural recipient of this award.” **About Great America Media** Great American Media is the leader in faith and family entertainment, and one of the fastest-growing entertainment networks on television. Great American Media is home to a portfolio of entertainment brands that celebrate faith, family, and country, including Great American Family, the flagship linear network featuring original Christmas movies, rom-coms, and beloved series; Great American Pure Flix, the leading faith and family streaming service; Great American Faith & Living, the unscripted companion network; and GFam+, an app that lets viewers watch anytime, anywhere. Great American Media, established in June 2021 by Bill Abbott and a group of US-based family offices, is available via cable, streaming on Pure Flix and YouTube TV, and on the GFam+ app. **About Pure Flix Familia** Pure Flix Familia is a soon-to-launch Spanish-language streaming platform featuring faith- and family-centered films, series, and original programming created for Latino audiences. Through culturally relevant storytelling and collaborations with established and emerging Latino creators, Pure Flix Familia aims to become a trusted entertainment destination where families can discover uplifting stories that reflect their faith, values, and experiences. For more information, follow Pure Flix Familia on Facebook (@PureFlixFamilia), Instagram (@PureFlixFamilia) and TikTok (@PureFlixFamilia). **About The Chicano Hollywood Film Festival** The Chicano Hollywood Film Festival is a celebration of film, Latino culture, and community that brings together emerging and established storytellers from across the entertainment industry. More than a traditional film festival, the event offers an immersive experience featuring independent film screenings, industry-led workshops, filmmaker Q&As, networking opportunities, and cultural showcases honoring the richness of Chicano and Latino storytelling.https://chicanohollywood.com/. ***Syndication Notice:** This press release is syndicated from the [original source](https://www.globenewswire.com/news-release/2026/08/06/3340166/0/en/chicano-hollywood-film-festival-and-pure-flix-familia-honor-oscar-nominated-makeup-artist-ken-diaz.html) for informational purposes. We do not claim ownership of the content. All copyrights, trademarks, images, and other intellectual property remain the property of their respective owners.* The post [Chicano Hollywood Film Festival and Pure Flix Familia Honor Oscar-Nominated Makeup Artist Ken Diaz](https://menawirenow.com/2026/08/chicano-hollywood-film-festival-and-pure-flix-familia/) first appeared on [MENAWireNOW](https://menawirenow.com). **Publishing Source::** [menawirenow.com](https://menawirenow.com/2026/08/chicano-hollywood-film-festival-and-pure-flix-familia/?utm_source=rss&utm_medium=rss&utm_campaign=chicano-hollywood-film-festival-and-pure-flix-familia) ![author avatar](https://secure.gravatar.com/avatar/4e3a45e03c0bce69b866fb10b522d054c74b2afa03adaeb29a3148d4aadd366e?s=300&d=mm&r=g) News Desk [See Full Bio](https://turkbusinessnews.com/author/news-desk/) [ ](https://turkbusinessnews.com/author/news-desk/) **Categories:** Press Release --- ### [Newcastle Appoint Former Al Ahli Coach Matthias Jaissle as New Head Coach](https://turkbusinessnews.com/2026/08/06/newcastle-appoint-former-al-ahli-coach-matthias-jaissle-as-new-head-coach/) **Published:** August 6, 2026 **Author:** Samridhi Puri **Content:** The football club Newcastle United have made Matthias Jaissle from Germany the new head coach of their team after his success in leading the team of Saudi Pro League club Al Ahli. The English Premier League club has finalised the deal of bringing him to the club after the dismissal of Eddie Howe. It is worth mentioning that the head coach comes to the English Premier League after his huge success in Saudi Arabia, where he won the AFC Champions League Elite titles for two years. His success in the Kingdom also included competing for the Saudi Pro League title while developing an aggressive, high-pressing style of football that attracted interest from several European clubs. ![Soccer coach explains tactics to players on a training field with a whiteboard showing a lineup.](https://turkbusinessnews.com/wp-content/uploads/2026/08/86-1024x737.jpg "86 -")86The 38-year-old replaces Eddie Howe, whose departure marked the end of a transformative period for Newcastle. Club officials said Jaissle’s tactical philosophy, leadership qualities and track record of developing young players made him the preferred candidate to lead the Magpies into the next phase of their project. In his first remarks after the appointment, Jaissle said Newcastle’s vision and ambition convinced him to accept the challenge, adding that he is eager to begin work with the squad. His appointment comes during a period of significant change for Newcastle, with the club rebuilding after missing out on European qualification and seeing several senior players depart during the summer transfer window. Jaissle is expected to oversee the remainder of pre-season preparations before making his competitive debut in the Premier League later this month. Meanwhile, Al Ahli have moved quickly to fill the vacancy by appointing Bosnian coach Marino Pušić as Jaissle’s successor. The Saudi club thanked the German manager for his achievements, which included delivering back-to-back continental titles and strengthening the team’s standing in both domestic and Asian competitions. Jaissle first rose to prominence with Austria’s Red Bull Salzburg, where he won two league titles before joining Al Ahli in 2023. His move to Newcastle marks his first managerial role in the Premier League and represents another example of coaches transitioning from the rapidly developing Saudi Pro League to Europe’s top competitions. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** Sports **Tags:** newcastle --- ### [Saudi Arabia Launches New Digital Service to Transfer Domestic Workers from Companies to Individuals](https://turkbusinessnews.com/2026/08/06/saudi-arabia-launches-new-digital-service-to-transfer-domestic-workers-from-companies-to-individuals/) **Published:** August 6, 2026 **Author:** Samridhi Puri **Content:** The Kingdom of Saudi Arabia has also rolled out a new electronic service that would enable people to transfer the services of their domestic employees from the establishments of the private sector. This move comes as yet another effort on the part of the Kingdom to digitalise labour services. This new service has been rolled out by the Ministry of Human Resources & Social Development. This service will regulate the transfer of domestic employees from companies to families. Officials said the transfer process is subject to specific conditions and regulatory requirements intended to safeguard the rights of employers, workers and individual beneficiaries while ensuring compliance with Saudi labour laws. Under the system, private sector establishments can transfer workers to individuals only if both parties meet the ministry’s eligibility criteria. The electronic process aims to simplify procedures, reduce paperwork and accelerate approvals through integrated digital services. Authorities said the initiative supports the Kingdom’s broader strategy of improving labour market efficiency while expanding the use of e-government services. ![Arab man in a white thobe explains something on a computer screen to a man and woman at a service desk.](https://turkbusinessnews.com/wp-content/uploads/2026/08/85-1024x737.jpg "85 -")The ministry noted that the service applies to domestic professions and forms part of ongoing reforms to strengthen governance in the recruitment and employment of domestic workers. By digitising transfers, officials expect to enhance transparency, improve regulatory oversight and make it easier for qualified individuals to recruit workers already residing in the Kingdom through legal channels. Saudi Arabia has introduced a series of labour market reforms in recent years as part of Vision 2030, including expanded digital employment services, improved contractual protections and streamlined administrative procedures for employers and expatriate workers. The latest initiative complements these reforms by offering an additional pathway for lawful workforce transfers while supporting the Kingdom’s objective of creating a more flexible and efficient labour market. Officials encouraged applicants to review the service requirements before submitting requests through the ministry’s electronic platforms. The digital transfer mechanism is expected to reduce processing times, improve service quality and strengthen oversight of domestic employment across Saudi Arabia. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** Local News **Tags:** domesticworker, newdigitalservice --- ### [Türkiye urges EU to include Ankara in new trade, industrial policies](https://turkbusinessnews.com/2026/08/05/turkiye-urges-eu-to-include-ankara-in-new-trade-industrial-policies/) **Published:** August 5, 2026 **Author:** spsingh **Content:** Türkiye’s trade minister said Wednesday that the European Union’s emerging trade, competition, and industrial policies should be designed to include Türkiye, arguing that such an approach would strengthen the bloc’s competitiveness and Europe’s economic security. Ömer Bolat made the remarks in a meeting with Spanish Economy, Trade, and Business Minister Carlos Cuerpo in Madrid to discuss bilateral economic relations, Türkiye-EU ties, and recent global and regional economic developments. “We discussed the EU’s recently implemented trade, competition and industrial policies, particularly the Industrial Acceleration Act,” Bolat said on Turkish social media platform NSosyal. “We emphasized that shaping these policies through an inclusive approach that also covers Türkiye would make significant contributions both to the EU’s competitiveness and to Europe’s economic security,” he added. Bolat said Spain is one of Türkiye’s most important trading partners within the EU, calling the two countries strategic partners, friends, and allies. The two also discussed Türkiye’s expectations for the updating and more effective implementation of the Türkiye-EU Customs Union, which Bolat said forms the foundation of Ankara’s strong economic integration with EU member states. Public procurement was identified as another priority area that could advance economic cooperation, he said. UPPING GOAL FOR BILATERAL TRADE Bolat and Cuerpo agreed to hold the fourth meeting of the Türkiye-Spain Joint Economic and Trade Commission (JETCO) in Madrid this fall, with strong participation from the business communities of both countries. Spain is Türkiye’s fourth-largest trading partner within the EU, with annual bilateral trade currently totaling about $20.5 billion. “Our goal is to increase our bilateral trade volume with Spain from $20.5 billion to $25 billion annually in the medium term,” Bolat said. He added that the longstanding friendship and strategic partnership between the two countries would continue to get stronger through innovative business initiatives and mutual trust. During the meeting, Bolat also congratulated Spain on winning the 2026 FIFA World Cup last month and expressed Türkiye’s condolences over recent wildfires in the country. He reaffirmed Ankara’s support for Spain in dealing with the fires. Türkiye earlier deployed two firefighting aircraft to Spain to help it contain the fires. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Business **Tags:** Ankara, include, industrial, policies, trade, Türkiye, urges --- ### [Nearly 20 Islamic countries weigh collective measures over Al-Aqsa: Turkish foreign minister](https://turkbusinessnews.com/2026/08/05/nearly-20-islamic-countries-weigh-collective-measures-over-al-aqsa-turkish-foreign-minister/) **Published:** August 5, 2026 **Author:** spsingh **Content:** Turkish Foreign Minister Hakan Fidan said nearly 20 Islamic countries discussed “collective measures” against Israel’s recent violations at Al-Aqsa Mosque during a ministerial meeting on Jerusalem in Amman on Wednesday, stressing that regional crises should not distract international attention from developments in the occupied Palestinian territories. Speaking to reporters after the meeting and responding to a question from Anadolu, Fidan said participants focused exclusively on recent Israeli actions targeting Al-Aqsa Mosque. “Today, we attended a truly historic meeting in Amman,” Fidan said, adding: “There were serious exchanges of views. Distinguished countries of the Islamic world expressed both their concerns and their anger, while also discussing practical, diplomatic and other steps that should be taken.” He said the ongoing war in the Gulf, the regional and global repercussions stemming from the closure of the Strait of Hormuz, and the resulting shift in international attention had not diverted the participants’ focus from “the Palestinian issue, Al-Aqsa Mosque, Gaza and the West Bank.” “Because we know that if our attention is diverted to one issue, Israel will find it easier to carry out what it is doing in Gaza, at Al-Aqsa Mosque, on the Jerusalem issue and in the West Bank,” he said. The minister reiterated Jordan’s historical and legal role as custodian of the holy sites in Jerusalem and said Türkiye regards Al-Aqsa Mosque as one of its own sacred sites. “Our president (Erdoğan), our government, our state and our society see Al-Aqsa Mosque as one of our own holy places. Any violation directed against it is regarded as a violation of the values of our nation,” Fidan said. He added that Türkiye and Jordan had delivered a message of solidarity on Jerusalem and Al-Aqsa during the meeting. QUARTET DISCUSSES GAZA PEACE PLAN, REGIONAL VISION Fidan also said he attended the fifth ministerial meeting of the “Group of Four,” comprising Saudi Arabia, Türkiye, Egypt and Pakistan, where ministers discussed developments in Gaza and efforts to implement a peace plan. He said the four countries had been working actively to advance the plan, noting that Egypt and Türkiye continue to play mediation roles. The ministers also examined what Fidan described as Israel’s approach to the peace process. “We seriously discussed how to respond to and manage Israel’s attitude, its disregard for international law and its failure to abide by rules during the implementation of the peace plan,” he said. Fidan said the ministers had reached several decisions that would be conveyed to their respective leaders, adding: “You will see steps related to those decisions in the coming days.” The meeting also addressed broader regional tensions, including risks associated with the conflict, instability linked to the Red Sea, and the possibility of further escalation, he said. Fidan said the four countries also reviewed a regional vision document they have been jointly developing, describing it as an initial framework aimed at providing lasting solutions to the region’s longstanding challenges. “This will be the first step toward drawing a framework for permanently resolving the problems across the region,” he said. “By systematically completing this work, we hope to establish lasting regional stability, security and peace step by step.” ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** National **Tags:** AlAqsa, collective, Countries, foreign, Islamic, measures, minister, Turkish, weigh --- ### [Kyrgyzstan begins joint economic forum with Russia](https://turkbusinessnews.com/2026/08/05/kyrgyzstan-begins-joint-economic-forum-with-russia/) **Published:** August 5, 2026 **Author:** spsingh **Content:** A Kyrgyz-Russian Economic Forum opened on Wednesday, bringing together government officials and business representatives from the two countries to discuss regional economic cooperation through 2030. Kyrgyz Prime Minister Adylbek Kasymaliev is leading the Kyrgyz side, while Russian Deputy Prime Minister Alexey Overchuk heads the Russian delegation to the forum, held on the shores of Lake Issyk-Kul in eastern Kyrgyzstan. The forum’s agenda includes an assessment of Kyrgyzstan’s first decade as a member of the Eurasian Economic Union (EAEU), as well as the impact of closer economic ties and remaining regulatory, customs, and logistics hurdles to bilateral trade. Participants are also expected to discuss expanding cooperation beyond trade and developing joint industrial and technological projects in areas including energy, machinery, agriculture, and digital technologies. Energy cooperation is expected to feature prominently, with discussions focusing on joint hydropower projects, including their financing and technological development. The forum will also address conditions for Russian businesses operating in Kyrgyzstan, including possible government support and guarantees. Kyrgyzstan and Russia are expected to identify a number of priority projects aimed at shaping bilateral economic cooperation through 2030. The forum is being held together with the 12th Kyrgyz-Russian Interregional Conference under the theme “Kyrgyzstan 2030: Partnership Between the Regions of Kyrgyzstan and Russia as a Driver of Growth.” ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** International **Tags:** begins, economic, forum, Joint, Kyrgyzstan, Russia --- ### [Championing participation insurance in Turkey](https://turkbusinessnews.com/2026/08/05/championing-participation-insurance-in-turkey/) **Published:** August 5, 2026 **Author:** spsingh **Content:**   Author: Mahmut Güngör, General Manager, Bereket Sigorta Bereket Sigorta was established in 1995 and provides services within the framework of a multi-sales channel business model with the motto ‘just in case.’ By 2017, it was serving in more than 500 locations, in places where other insurance companies do not have any distribution channels, and continues to meet the demands of customers all around Turkey with a wide range of products for all. It has a widespread and efficient supply network of over 3,300; consisting of 10 regional directorates, agencies of Agricultural Credit Cooperatives of Turkey, participation banks, saving financing companies, agencies and brokers. Agricultural Credit Cooperatives of Turkey, the main shareholder of the company, was founded in 1863 and is the largest farmer organisation in Turkey, with total assets of €4bn and more than 850,000 members. With the all-encompassing support of Agricultural Credit Cooperatives of Turkey, Bereket Sigorta has set out to create a model for participation insurance based on taking the lead in the market to restructure insurance products so that they are in compliance with Takaful principles. Bereket Sigorta has developed an exemplary model for the sector called ‘the performance supported incentive proxy model.’ The model was created with the vision of being the benchmark for participation insurance. The idea is to offer positive balance sharing incentives over the profitability of the entire pool without separating income from investments. What is participation insurance?Participation Insurance is a type of insurance based on the idea of solidarity. It is built on a system that is far from the traditional economic and financial practices, with interest and activities that are considered forbidden, or ‘haram’ in Islam. It can also be defined as a type of insurance created to meet the insurance needs of individuals who stay away from traditional insurance for religious reasons. In this type of insurance, insurance activities based on risk sharing and cooperation among the participants is carried out. ![](http://www.worldfinance.com/wp-content/uploads/2021/11/Screenshot-2021-11-26-at-17.00.14-300x287.png "-") Participation insurance refers to the insurance practice in which financial assets are managed within a special framework and under the supervision of an advisory committee consisting of experts in the field of Islamic sciences and insurance. In accordance with the principles of participation, companies can’t guarantee religiously illegitimate issues and risks, or manage financial assets within the framework. They must establish an advisory committee and a compliance unit and prepare a participation internal audit report. The basic principles of participation insurance are to evaluate premium/donation collected from capital owners and participants within the framework, check which are in line with Islamic principles and submit for the approval of the advisory board, which is specialised in Islamic law, for insurance business and transactions. Participation insurance began in Turkey in 2009 and it has shown serious development due to the growth of the interest-free finance sector as well as the regulations introduced in the last decade or so. As part of the medium term programme (2022–24) published by the T.R. Presidency, Presidency of Strategy and Budget, actions to ensure compliance with international standards in the field of participation finance and to expand participation insurance are included. In this context, participation insurance, as long as it is presented correctly to the segment it addresses, will continue to be an important potential source of funding. Navigating a crisisThe company operates across all branches including motor, traffic, fire, housing, engineering, agriculture, health, personal accident, transportation, legal protection, TCIP and liability insurance, and continues to progress rapidly in the sector with its technological infrastructure and digital solutions. With its dynamic and innovative brand vision, Bereket Sigorta continues to swiftly progress at the point of customer experience with more than 100 robotic applications in operational business processes and 24/7 service through digital platforms of individual internet and mobile branches. Participation insurance, as long as it is presented correctly to the segment it addresses, will continue to be an important potential source of funding With the effect of quarantine and restrictions during the pandemic that affected the whole world, the company highlighted its online sales channel, took quick action and increased the efficiency of its digital channels. As a part of the digital transformation process started in 2019, Bereket Sigorta became the first company to offer online insurance products through the instant messaging service BIP, which is like the Turkish version of WhatsApp. Through our application, customers can buy insurance products and access information from agencies and authorised services. Bereket Sigorta, which implements the first and unique participation model in Turkey, continues to stand out in the sector with all kinds of corporate social responsibility projects and collaborations that will contribute to the sustainable growth of the participation finance ecosystem as well as the faster and healthier development of participation insurance. It contributes heavily to the spread of participation insurance through public institutions, non-governmental organisations, universities, associations and sports clubs, with a special focus on corporate social responsibility projects. Within this scope, Bereket Sigorta worked with the Turkish foundation for waste reduction (TI˙SVA) and provided $101m coverage to more than 55,000 women entrepreneurs as they take important steps into economic life. In order to encourage low-income women entrepreneurs within the agricultural sector, the ‘women farmer loan’ project, which includes basic agriculture and basic financial literacy training, was implemented in cooperation with Tekfen Foundation and TI˙SVA. This programme, implemented as a social management project, allowed the provision of support for low-income women farmers in the Aegean region of Turkey. ![](http://www.worldfinance.com/wp-content/uploads/2021/11/C051_rt.jpg "-") To deepen the participation finance ecosystem and spread the participation insurance to the base, a protocol was signed between the independent industrialists and businessmen association (MUSIAD) and Bereket Sigorta, with the idea of becoming a ‘unifying force in the economy.’ With this cooperation, discounted insurance products for MUSIAD women, young members and employees are offered, as well as membership of Bereket loyalty club, which provides advantages in many areas of daily life from shopping to personal development. Continued excellence and growthParticipation insurance constitutes approximately five percent of the insurance sector premium production in terms of volume and this will likely increase to 10 percent in the coming periods. According to data compiled from the union insurance and reinsurance companies of Turkey (TSB), the total premium production in participation insurance in 2020 increased by 24.2 percent compared to the same period in the previous year and reached 4.3 billion TL ($460m). There are 10 companies operating in the field of participation insurance and they represent a significant proportion of production, having the largest share in premium production. Bereket Sigorta received two awards at once in the categories of the ‘Most Reliable Participating (Takaful) Insurance Company in Turkey’ and ‘CSR Excellence and Dedication to Community in Turkey’ within the scope of the 2021 Islamic Finance awards presented by World Finance. This accolade is in recognition of Bereket’s leadership and for demonstrating remarkable vision in identifying tremendous opportunity in the greatly underserved Turkish market, while simultaneously answering community needs for participation insurance. Bereket Sigorta’s successful nomination is not only due to its long-standing records of expertise in risk management, but also for its compelling business plan, mobilising highly qualified professionals with procedural know-how, allocating resources and being able to make outstanding progress in a short period of time. Post navigation ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Finance **Tags:** Championing, insurance, Participation, Turkey --- ### [Turkish tech major Turkcell advances its accessibility projects, efforts](https://turkbusinessnews.com/2026/08/05/turkish-tech-major-turkcell-advances-its-accessibility-projects-efforts/) **Published:** August 5, 2026 **Author:** spsingh **Content:** Turkish telecommunications and tech giant Turkcell continues its accessibility efforts with determination through the number of inclusive projects it has launched in different fields. Over the past year, it has reached 200,000 people with disabilities, strengthening equal opportunities in every aspect of life, from communication and education to arts and sports, through the possibilities offered by technology, the company said Thursday. Speaking during Disability Week on May 10-16, Turkcell’s chief marketing and digital services officer, Murat Akgüç, said they “believe the true power of technology lies in its ability to make life more accessible and equal.” “With our approach that ‘communication is not just speaking, but building connections,’ we are transforming technology into an inclusive experience for everyone.” Acting with the vision of “an accessible world for everyone,” Turkcell develops solutions that support the equal, free, and independent participation of people with disabilities in social life. Projects ranging from customer services provided in sign language to accessible content, educational investments, and sports support turn the equalizing power of technology into tangible benefits. Building connections Emphasizing that they are working toward building a barrier-free world through the power of technology, Akgüç said: “We believe the true power of technology lies in making life more accessible and equal for everyone.” “Through the solutions we develop with this understanding, we support easier access for people with disabilities to information, communication, and digital services. With our approach that ‘communication is not just speaking, but building connections,’ we are transforming technology into an experience accessible to all segments of society,” he noted. Customer services with sign language Through its “Face-to-Face Customer Services,” users can receive support in sign language via video calls through the Turkcell mobile app or in stores. Offered free of charge every day of the week, the service handles an average of 3,500 video calls per month through expert teams proficient in sign language. Inclusion through accessible content, arts Turkcell also prioritizes accessibility in the arts. Through the “Movies Overcoming Barriers” category on the TV platform, content is provided with audio descriptions and sign language options. In addition, scriptwriting, post-production, cinematography, and technical training programs for visually impaired individuals have reached approximately 60,000 people to date. Moreover, expanding accessible customer experiences through its Barrier-Free Stores across Türkiye, Turkcell offers solutions tailored to the needs of individuals with hearing, visual, and physical disabilities. Features such as charging stations for electric wheelchairs and ergonomic designs are among the applications that make the customer experience easier. Contributing to equal opportunities in education Developing inclusive solutions in education as well, Turkcell has established technology classrooms in 112 schools across 60 provinces under the Barrier-Free Education Program carried out in cooperation with the Education Ministry, reaching thousands of students each year. Similarly, through Barrier-Free Life training programs, educational content in sports, arts, and personal development has been provided to 100,000 people with disabilities to date, while scholarships are granted every year to hundreds of students in cooperation with TESYEV. Turkcell has also supported 50,000 children with autism and their families through digital content via the Autism Information Support Platform launched on the BiP platform in partnership with Tohum Autism Foundation. Support for disability sports In the field of sports, Turkcell continues to contribute to the national and international success of athletes with disabilities as the first sponsor of the Türkiye National Amputee Football Team and through its cooperation with the Turkish National Paralympic Committee. The Daily Sabah Newsletter Keep up to date with what’s happening in Turkey, it’s region and the world. SIGN ME UP You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Technology **Tags:** accessibility, advances, efforts, major, projects, tech, Turkcell, Turkish --- ### [Saudi Source Denies Reports of Houthi Talks in Muscat or Through Mediators](https://turkbusinessnews.com/2026/08/05/saudi-denies-houthi-talks-muscat-mediators-red-sea-tensions-august-2026/) **Published:** August 5, 2026 **Author:** Samridhi Puri **Content:** The denial of the talks came from Saudi Arabian officials who said that there are no talks being held, directly or indirectly, neither in Muscat nor through any other mediator. This is happening amid increasing tensions in the region with speculations that talks are going on to resolve the situation in the region. This denial came following some reports by various media sources that such discussions were taking place in Muscat. However, the source told Al Arabiya that such claims are inaccurate, stressing that there are currently no negotiations between Riyadh and the Iran-backed Houthi group through Omani channels or any other intermediary. The denial comes as security concerns remain elevated across the region following recent attacks on commercial shipping and energy infrastructure linked to the Houthis. The developments have intensified international attention on the Red Sea and Bab al-Mandab Strait, two of the world’s most strategically important maritime corridors. While diplomatic initiatives involving regional and international actors continue on broader security issues, Saudi officials have made clear that reports of separate discussions with the Houthis should not be viewed as official policy. ![Aerial view of a busy shipping canal at sunset with numerous container ships and tankers scattered along the waterway between rocky coastlines.](https://turkbusinessnews.com/wp-content/uploads/2026/08/83-1024x737.jpg "83 -")Saudi Arabia has consistently said it supports efforts that contribute to regional stability and a political resolution to the conflict in Yemen. The Kingdom has backed internationally recognised peace initiatives in previous years while maintaining that any lasting settlement must safeguard regional security and freedom of navigation. The latest clarification underscores Riyadh’s intention to dispel speculation surrounding unofficial mediation efforts at a time of rapidly evolving geopolitical developments. Analysts say conflicting reports about possible negotiations have emerged as diplomatic activity has increased across the Middle East following recent military and maritime tensions. For now, the Saudi source’s remarks indicate there are no active communication channels with the Houthis in Muscat or elsewhere through mediators, leaving the diplomatic landscape unchanged despite persistent regional speculation. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** National **Tags:** houthi, saudiarabia --- ### [Curbee Signs Industry-Leading Mobile Service Dealership Bozard Ford Lincoln](https://turkbusinessnews.com/2026/08/05/curbee-signs-industry-leading-mobile-service-dealership-bozard-ford-lincoln/) **Published:** August 5, 2026 **Author:** News Desk **Excerpt:** Nation’s recognized mobile service leader selects Curbee platform to help fuel next phase of growth and innovation LOS ANGELES — Curbee, the leading mobile service platform for automotive dealerships, today announced that Bozard Ford Lincoln, widely recognized as the nation’s… **Content:** **Nation’s recognized mobile service leader selects Curbee platform to help fuel next phase of growth and innovation** LOS ANGELES — Curbee, the leading mobile service platform for automotive dealerships, today announced that Bozard Ford Lincoln, widely recognized as the nation’s leader in dealership mobile service, has selected Curbee as its new mobile service technology platform. The move represents one of the most significant technology transitions yet in dealership mobile service, with Bozard entrusting Curbee with its already established mobile-service operations after an extensive evaluation of the market. Bozard operates one of the country’s largest and most sophisticated dealership mobile service programs, completing more than 2,000 mobile service appointments each month with a fleet of more than 40 service vehicles serving customers across Northeast Florida. For Bozard, the decision reflects a commitment to continuous improvement, not from a position of weakness but because of its position as the industry leader. “Innovation is the key to distinguishing ourselves as leaders,” Bozard Ford Lincoln COO and General Manager Ed Roberts said. “If we’re going to continue extending our lead, we have to keep challenging ourselves to improve. Curbee shares our vision for innovation. They’ve been incredibly responsive to our needs, and they have the flexibility to grow alongside us.” “Curbee’s pace of product development, willingness to collaborate and ability to rapidly build new capabilities ultimately won the dealership over,” Roberts said. “Bozard challenged us to think differently, move faster and build new capabilities that will improve mobile service for every Curbee dealer,” Curbee CEO Amit Chandarana said. “This wasn’t simply winning a customer, it was earning the trust of the dealership that has defined what automotive mobile service can become.” While many dealerships expand mobile service primarily through oil changes and recalls, Bozard performs nearly every repair that does not require major engine or transmission work at customers’ homes or workplaces. Roberts said convenience – not the vehicle purchase – is what creates lasting customer loyalty. This kind of thinking is just one of the reasons Bozard is recognized as a ten-time Triple Crown award winner, placing within the top 1% of dealers for volume and customer satisfaction. “Customers don’t remember buying a vehicle nearly as long as they remember owning one,” Roberts said. “If we can service a vehicle where the customer already is and give them their time back, that’s what creates loyalty. Mobile service removes friction from ownership. That’s why we keep investing in it.” Bozard has operated mobile service since 2015, steadily expanding from basic maintenance into diagnostics and increasingly complex repairs in the field. Today, the dealership serves customers throughout Northeast Florida and beyond. Implementing a new technology platform at that scale requires careful planning. Curbee is dedicating its largest implementation team to date to support the transition, working closely with Bozard throughout the launch to ensure a seamless experience for dealership employees and customers. “The best organizations partner with the best capabilities, but Ed was also able to make an intelligent quantitative decision. He chose Curbee because of the massive incrementality that we brought to their operation simply because of product capabilities. The best organizations never assume today’s success guarantees tomorrow’s success,” Chandarana said. “Ed and the Bozard team embody that mindset, and we’re honored they’ve chosen Curbee to help power their future.” **About Curbee** Curbee is the No. 1 mobile service platform. Curbee enables dealerships to offer mobile service with its platform called M.A.R.S. (Mobile and Remote Service). With M.A.R.S., it’s simple: dealerships send the right van to the right job, using the right route with the right parts, at the right time. The company’s street credit comes from in-market experience and best practices. With Curbee’s software, solutions and success team, dealers can scale mobile service quickly, delivering a game-changing customer experience while driving revenue growth. Curbee’s innovative technology supports AI-powered scheduling & analytics, ensuring dealers efficiently “go mobile.” Curbee’s team has highly relevant experience from Tesla, Toyota, Ford and Roadster and is backed by DVx Ventures, a venture studio with a unique approach to company creation and scaling. For more information, visit www.curbee.com. **Media Contact** Katie Merx katiemerx@gmail.com (313) 510-5090 ***Syndication Notice:** This press release is syndicated from the [original source](https://www.globenewswire.com/news-release/2026/08/05/3339172/0/en/curbee-signs-industry-leading-mobile-service-dealership-bozard-ford-lincoln.html) for informational purposes. We do not claim ownership of the content. All copyrights, trademarks, images, and other intellectual property remain the property of their respective owners.* The post [Curbee Signs Industry-Leading Mobile Service Dealership Bozard Ford Lincoln](https://menawirenow.com/2026/08/curbee-signs-industry-leading-mobile-service-dealership-bozard-ford-lincoln/) first appeared on [MENAWireNOW](https://menawirenow.com). **Publishing Source::** [menawirenow.com](https://menawirenow.com/2026/08/curbee-signs-industry-leading-mobile-service-dealership-bozard-ford-lincoln/?utm_source=rss&utm_medium=rss&utm_campaign=curbee-signs-industry-leading-mobile-service-dealership-bozard-ford-lincoln) ![author avatar](https://secure.gravatar.com/avatar/4e3a45e03c0bce69b866fb10b522d054c74b2afa03adaeb29a3148d4aadd366e?s=300&d=mm&r=g) News Desk [See Full Bio](https://turkbusinessnews.com/author/news-desk/) [ ](https://turkbusinessnews.com/author/news-desk/) **Categories:** Press Release --- ### [Saudi Cabinet Approves 15 Decisions Covering AI, Investment, Housing and International Cooperation](https://turkbusinessnews.com/2026/08/05/saudi-cabinet-approves-15-decisions-covering-ai-investment-housing-and-international-cooperation/) **Published:** August 5, 2026 **Author:** Samridhi Puri **Content:** The cabinet of Saudi Arabia has made a series of 15 decisions covering areas ranging from investments to artificial intelligence, housing, international cooperation and governance during a meeting that was chaired by the Crown Prince and Prime Minister, Prince Mohammed bin Salman, in Jeddah. During the meeting, regional developments were also discussed, and a commitment to diplomatic actions geared towards tension reduction in the region was made. At the beginning of the meeting, the Crown Prince updated the ministers regarding his recent meetings with several world leaders, which included: US President Donald Trump, King Hamad bin Isa Al Khalifa of Bahrain, President Ahmed Al Sharaa of Syria, President Recep Tayyip Erdogan of Turkey, and Spanish Prime Minister Pedro Sánchez. The talks focused on regional developments, bilateral cooperation and the importance of dialogue to reduce escalation and promote peaceful solutions. ![Saudi government ministers sit around a curved wooden conference table in a gilded, ornate room; a Saudi flag and portraits line the wall, with a large blue screen displaying Arabic text behind them.](https://turkbusinessnews.com/wp-content/uploads/2026/08/80-1-1024x737.jpg "80 -")Among the key resolutions, the Cabinet approved a new Government Tenders and Procurement Law, adopted the statute of the International Center for Research and Ethics of Artificial Intelligence, and endorsed a range of agreements with partner countries. These include cooperation with Ecuador, an investment protection agreement with Kazakhstan, a civil aviation memorandum with Spain, maritime transport cooperation with Somalia and a space collaboration agreement between the Saudi Space Agency and Türkiye’s space agency for the peaceful use of outer space. The Cabinet also approved a housing initiative allowing investors to develop planned land and build homes for beneficiaries of developmental housing programmes in exchange for ownership of a share of the land. In addition, it extended by one year the deadline for correcting the status of undocumented real estate transactions, a move expected to provide property owners with additional time to complete legal documentation. Financial institutions licensed by the Ministry of Investment were also authorised to conduct approved cross-border financial activities through their regional headquarters in the Kingdom. Ministers welcomed the International Monetary Fund’s latest assessment highlighting the resilience of the Saudi economy, citing the impact of Vision 2030 reforms, sound fiscal planning and continued economic diversification. The Cabinet also praised the achievements of the Pilgrim Experience Program and reiterated Saudi Arabia’s commitment to humanitarian work, including preparations for the fifth Riyadh International Humanitarian Forum scheduled for next April. The meeting concluded with approvals of several senior government promotions and administrative decisions. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** International **Tags:** governmentreforms, saudiarabia --- ### [F2Hash Launches in the UAE, Bringing Hassle-Free Cloud Crypto Mining to Everyday Investors](https://turkbusinessnews.com/2026/08/04/f2hash/) **Published:** August 4, 2026 **Author:** News Desk **Excerpt:** Crypto Mining Company F2Hash — Has shattered the barrier for entry to cryptocurrency mining in the Middle East. Being a globally recognized leader in digital asset infrastructure, F2Hash has officially announced its expansion into the United Arab Emirates. Backed by… **Content:** [**Crypto Mining Company F2Hash**](https://f2hash.com) — Has shattered the barrier for entry to cryptocurrency mining in the Middle East. Being a globally recognized leader in digital asset infrastructure, F2Hash has officially announced its expansion into the United Arab Emirates. Backed by a massive surge in computational power from its international data centers, F2Hash is offering UAE residents a streamlined, frictionless way to mine cryptocurrency directly from their personal devices, completely eliminating the need for expensive hardware, technical expertise, or sky-high electricity bills. The announcement marks a major milestone for the region’s digital economy, arriving at a time when Bitcoin and other digital assets continue to solidify their place in the future of global finance. **The End of the “Hardware Headache”** For years, the lucrative world of cryptocurrency mining was locked behind high walls. To participate, individuals have had to invest thousands of dollars into specialized ASIC mining rigs, configure complex software, deal with deafening machine noise, and absorb punishing monthly energy costs. F2Hash’s cloud mining model changes the equation entirely. By leveraging the company’s “mining-as-a-service” platform, everyday users can now rent top-tier computational power—known as “hashrate”—on a subscription basis through simply buying their curated mining plans. **The process is designed for maximum simplicity:** 1. **Register Instantly:** Users simply create an account on their smartphone, tablet, or laptop. 2. **Select a Plan:** Browse a variety of flexible cloud mining contracts tailored to different budget levels and goals. 3. **Earn Passively:** Once a contract is activated, the rented hashrate goes to work 24/7. Earnings are calculated daily and linked directly to the user’s personal crypto wallet so users receive their bitcoin mining rewards within 24 hours of activation. Because all the heavy lifting is handled remotely, users never have to worry about cooling fans, hardware degradation, or maintenance downtime. **Global Powerhouses Fueling Local Earnings** How is F2Hash able to offer such seamless service to the UAE? The secret lies in a massive recent expansion of their physical infrastructure. The company’s move into the Middle Eastern market is directly powered by its state-of-the-art, high-efficiency data centers located in **São Paulo, Brazil**, and a recently acquired, hydro-powered facility in **Dubova, Romania** (near the Iron Gate region). By strategically locating their mining farms in regions with robust infrastructure and cost-effective, renewable energy sources, F2Hash has drastically scaled its mining capacity. The integration of advanced liquid-cooling technologies and high-efficiency ASIC machines allows the platform to generate massive, stable hashrates while remaining environmentally conscious. *“Mining is no longer a guessing game. Our mission is to bring structure, trust, and sustainability to the process,”* noted Nikolai Terskikh, CEO of F2Hash, regarding the company’s global strategy. *“With institutional confidence rising, it’s the platforms that offer transparency, compliance, and energy efficiency that will lead the charge.”* **Why the UAE?** The United Arab Emirates has rapidly established itself as a global haven for digital finance, boasting progressive regulations and a tech-savvy population eager to adopt next-generation wealth-building tools. Until now, however, residents seeking to *mine* digital assets rather than just trade them lacked a trusted, user-friendly platform. F2Hash’s entry bridges this gap perfectly. The platform includes a highly intuitive, built-in calculator that allows users to transparently forecast their projected crypto earnings and real-world value before they even sign up. **A New Era of Digital Wealth** As Bitcoin continues to demonstrate resilience and command six-figure valuations, the appeal of generating passive digital income [has](https://turkbusinessnews.com/) never been higher. F2Hash is not just offering a tech product; it is offering financial empowerment. Whether you are a seasoned digital asset investor looking to diversify, or a complete beginner curious about the blockchain, F2Hash ensures that the future of finance is now just a few taps away. ***To explore the new cloud mining plans and start earning today, users can access the F2Hash platform at F2hash.com.*** The post [F2Hash Launches in the UAE, Bringing Hassle-Free Cloud Crypto Mining to Everyday Investors](https://menawirenow.com/2026/08/f2hash-launches-in-the-uae-bringing-hassle-free-cloud-crypto-mining/) first appeared on [MENAWireNOW](https://menawirenow.com). **Publishing Source::** [menawirenow.com](https://menawirenow.com/2026/08/f2hash-launches-in-the-uae-bringing-hassle-free-cloud-crypto-mining/?utm_source=rss&utm_medium=rss&utm_campaign=f2hash-launches-in-the-uae-bringing-hassle-free-cloud-crypto-mining) ![author avatar](https://secure.gravatar.com/avatar/4e3a45e03c0bce69b866fb10b522d054c74b2afa03adaeb29a3148d4aadd366e?s=300&d=mm&r=g) News Desk [See Full Bio](https://turkbusinessnews.com/author/news-desk/) [ ](https://turkbusinessnews.com/author/news-desk/) **Categories:** Press Release --- ### [Türkiye’s naval defense, maritime tech to be showcased at TEKNOFEST Blue Homeland](https://turkbusinessnews.com/2026/08/04/turkiyes-naval-defense-maritime-tech-to-be-showcased-at-teknofest-blue-homeland/) **Published:** August 4, 2026 **Author:** spsingh **Content:** Türkiye’s constantly growing naval defense and maritime technology sectors will take center stage with cutting-edge offerings at the TEKNOFEST Blue Homeland festival, showcasing the country’s latest underwater capabilities this month. The event will immerse visitors in the future of Turkish maritime engineering at the Golcuk Naval Shipyard Command from Aug. 20-23. It will be jointly organized by the Turkish National Defense Ministry and the Türkiye Technology Team (T3) Foundation, underscoring Ankara’s broader National Technology Initiative. Held under TEKNOFEST, the world’s largest aviation, space and technology festival, TEKNOFEST Blue Homeland stands out with its varied program and competitions covering domestically developed naval platforms and underwater technologies. The four-day gathering will bring together state-of-the-art technology, defense industry innovations and maritime culture to cultivate the next generation of engineers. The festival is relocating to Golcuk in the northwestern Kocaeli province, one of Türkiye’s key naval power hubs, following its successful debut in Istanbul last year. The festival will feature highly anticipated competitions in unmanned underwater systems, underwater rockets and unmanned surface vehicles (USVs). Aspiring young engineers and entrepreneurs will have the opportunity to test their innovative projects in real-world scenarios through these platforms, providing insight into Türkiye’s future maritime vision. Additionally, attendees will be able to board and tour several key Turkish Navy vessels in special exhibition areas, providing an up-close experience of active military hardware. Elite military units, including the SAT and SAS underwater commandos and naval aviation teams, will conduct live demonstrations at the event. Representatives from TEKNOFEST partner organizations will also operate booths showcasing their ongoing defense activities. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Business **Tags:** Blue, defense, Homeland, maritime, naval, showcased, tech, TEKNOFEST, Türkiyes --- ### [Turkish foreign minister to attend ministerial meeting on Jerusalem in Jordan](https://turkbusinessnews.com/2026/08/04/turkish-foreign-minister-to-attend-ministerial-meeting-on-jerusalem-in-jordan/) **Published:** August 4, 2026 **Author:** spsingh **Content:** Turkish Foreign Minister Hakan Fidan will attend a ministerial meeting on Jerusalem in Jordan’s capital Amman on Wednesday to discuss the city’s status, the situation in the occupied Palestinian territories and efforts to advance a two-state solution, according to Turkish Foreign Ministry sources. According to the sources, the meeting will be hosted by Jordanian Deputy Prime Minister and Foreign Minister Ayman Safadi. Senior officials from Türkiye, Jordan, Palestine, Egypt, Pakistan, Saudi Arabia, Qatar, Indonesia, Bahrain, Iraq, Morocco, Tunisia, Algeria, Somalia and Malaysia, as well as the secretary-general of the Arab League, are expected to attend. Participants are expected to discuss preserving the historical and legal status of Jerusalem’s holy sites, developments in occupied East Jerusalem and the West Bank, Israel’s actions that are deemed contrary to international law, the Gaza ceasefire process, recent developments concerning the Palestinian issue and international efforts to implement a two-state solution. According to the sources, Fidan is expected to stress the religious, historical and cultural significance of Jerusalem for Muslims and underscore that preserving the city’s historical and legal status is a shared responsibility of the international community. He is also expected to voice concern over Israeli actions aimed at altering the historical and legal status of Al-Aqsa Mosque, occupier terrorism and provocative acts, as well as violations targeting Christian holy sites and institutions in Jerusalem. Fidan is expected to reiterate that relocating embassies to Jerusalem violates international law and relevant UN resolutions, undermines the city’s internationally recognized status and harms prospects for a two-state solution. The sources said he is also expected to express deep concern over policies aimed at changing the demographic composition of East Jerusalem, including the forced displacement of Palestinians and home demolitions, while warning of increasing de facto annexation policies and occupier terrorism in the occupied West Bank. The Turkish foreign minister is also expected to call for concrete international action against Israel’s violations of international law and stress the importance of ending impunity for such acts. On Gaza, Fidan is expected to say that Türkiye has made constructive contributions to implementing the Gaza Peace Plan and express hope that the process will also produce positive outcomes for the West Bank and East Jerusalem. He is also expected to condemn the Benjamin Netanyahu government’s continued attacks on Gaza despite the agreed roadmap for implementing the Gaza Peace Plan, and call for increased international diplomatic pressure on the Israeli government. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** National **Tags:** attend, foreign, Jerusalem, Jordan, meeting, minister, ministerial, Turkish --- ### [Russian, Brazilian presidents discuss expanding trade](https://turkbusinessnews.com/2026/08/04/russian-brazilian-presidents-discuss-expanding-trade/) **Published:** August 4, 2026 **Author:** spsingh **Content:** Russian President Vladimir Putin spoke by phone with Brazilian President Luiz Inacio Lula da Silva on Tuesday to discuss stronger bilateral ties, including expanding and diversifying trade, the Kremlin said. The leaders also exchanged views on international issues, including the war in Ukraine. Putin thanked Lula for his efforts to help find a political and diplomatic solution to the conflict, according to the Kremlin. The presidents said Russia and Brazil share similar positions on many key global issues and agreed to continue coordinating through the UN and other multilateral forums. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** International **Tags:** Brazilian, discuss, expanding, presidents, Russian, trade --- ### [Country Report: Turkey's Booming Numbers](https://turkbusinessnews.com/2026/08/04/country-report-turkeys-booming-numbers/) **Published:** August 4, 2026 **Author:** spsingh **Content:** A surging stock market, lower inflation, and strength in key sectors are powering the Turkish economy. But political risks remain. New year 2026 got underway amid unprecedented geopolitical uncertainty. But the vibe in Turkey—hardly located in the world’s calmest region—has been surprisingly upbeat. The stock market is booming—the BIST 100 index hit a record 13,867 points in early February—delighting investors. Amongst other factors, it was buoyed by a 100-basis point interest rate cut by the Central Bank of the Republic of Türkiye in January, to 37%, marking the start of what the CBRT says should be continued easing on the back of falling inflation. Elsewhere, the Treasury in Ankara raised $3.5 billion from two eurobond issues, one of which—for $1.5 billion on a 12-year maturity—demonstrated that investors view the country more positively than they have for many months. In a call with investors, Türker Tunali, CFO at Akbank, said the institution was “continuing to see high interest and demand from institutional investors for our various financial instruments.” Foreign exchange reserves, meanwhile, stood at $218 billion last month, well past their level of $100 billion in late 2023 and even though $224 billion of Turkish debt comes due this year, well over half of this—$109 billion—in bank debt. Ratings agencies reflect the upbeat mood. Fitch Ratings raised its sovereign outlook on its BB- rating from Stable to Positive at the end of January and followed with a similar upgrade to 13 leading Turkish banks and 11 non-bank financial institutions (NBFIs), citing a generally improved operating environment and outlook. Douglas Winslow, Turkey analyst, Fitch “A vital part of the change in our rating outlook was the assumption there won’t be a return to the highly unorthodox and ultra-loose policy of a few years ago,” says Douglas Winslow, Turkey analyst at Fitch. “We think the leadership has learned some lessons and is less likely to take such a gamble with stability.” Meanwhile, Ankara has stepped up peace talks with the Kurdish nationalist group PKK, with senior government figures suggesting its jailed leaders, Abdullah Öcalan and Salahattin Demirtaş, should be released and Kurdish mayors removed from office over a year ago, reinstated. An end to the 43-year Kurdish conflict, which has cost thousands of lives and billions of dollars in material damage, would be a boon for Turkey and for President Recep Tayyip Erdoğan personally. Since Devlet Bahçeli, leader of the far-right Nationalist Movement Party who is spearheading the peace talks, made calls for the releases, it suggests that Erdoğan—whom many believe will call early elections next year—is serious about allaying any nationalist concerns regarding Kurdish rapprochement. Staying The Course The president reinforced the positive mood in a speech to mark the start of the year: “We have achieved uninterrupted growth for 21 quarters in a period when ambiguities have increased in the global economy, trade wars have escalated, and tensions have prevailed in our vicinity and the world.” To the relief of investors who lived through the controversial growth-at-any-cost policies that cut interest rates but pushed inflation toward 90% in 2022, policymakers say they will not change course from the current tough anti-inflation program. That said, in a year when Turkey will play a big role on the global stage—in July it hosts the NATO summit, in the fall the annual summit of the Organization of Turkic States, and in November the COP31 global climate summit—the country wants to show its best face to the world. In economic terms, the priority will be to boost and maintain non-inflationary growth. This means fine-tuning, as evidenced by the 1.5% interest rate cut to 38% carried out in December and January’s additional 1% cut. This year is also expected to see new projects and investments, reflecting Erdogan’s ambition, driven by the 2024-2028 Development Plan, to boost Turkey into one of the world’s top 10 economies. Ankara is targeting GDP growth of 4% to 5%, which Fitch Ratings’s Winslow believes is within reach, especially with an early election in the cards. “A reasonably favorable trend growth rate of around 4% is a strength of the rating, helped by a fairly dynamic and resilient private sector,” he says, noting that low household debt and wealth effects from record gold prices are also helping insulate consumers from high real interest rates. The further aim is to boost foreign direct investment to 1.5% of the global total and 12% of regional FDI as Turkey continues to transform national infrastructure and increase investment in the key aerospace, automotive, construction, and energy sectors. “FDI inflows have somewhat improved but remain low relative to the size of the economy,” says Konstantine Kintsurashvili, associate director, Economics and Policy for Turkey and Caucasus at the European Bank for Reconstruction and Development (EBRD). “An existing pipeline of investments in renewable energy grids, energy efficiency, industrial decarbonization, social housing, and connectivity infrastructure can support growth if these come to fruition. The upside potential to growth from increasing FDI is significant.” Ahead of COP 31, sustainable energy looks likely to be one of the most active sectors. The EBRD sees significant untapped investment potential in the energy sector and beyond. “Positive regional developments put Turkey into a favorable position to benefit from investments in connectivity and reconstruction and to access growing markets,” says Kintsurashvili. Turkish Airlines has just unveiled eight major projects worth $2.2 billion, reflecting the country’s tourism success and its plan to become the world’s number one national airline by 2033. In early January, China’s Dongfeng Motor announced it was in talks to start producing passenger cars in Turkey, in a major new investment. Construction is also lively; one of the best performers since February of last year on the Istanbul Stock Exchange is international engineering and building firm Enka Insaat Ve Sanayi, whose value has risen more than 100% over that period. The firm, which spent $253 million on a new London office last October, announced a new $1 billion project that month with TotalEnergies in Iraq, going on to announce a contract for the construction of a $158 million, 456-megawatt power plant in Mozambique. The nature of the economy itself is changing, however, along with the geopolitical environment. Evidence of this is fast-growing Aselsan, which produces sophisticated defense technology—including drones—satellites, and radar equipment as well as land and air missile systems. Over the past year, Aselsan’s share price rose almost 250%, reflecting record demand for its products from NATO members and other customers. Staying Alert To Potential Risks What can investors expect into 2026 and 2027? While the mood right now is positive, Winslow and other observers say it is important to remain alert to potential risks, including a “high degree of policy unpredictability and the possibility of a lurch backwards to unorthodoxy,” which he says constrain Turkey’s sovereign rating. “Similarly, the potential for domestic political events triggering market volatility on the scale that followed March 2025’s jailing of Imamoğlu has declined, but sizeable risks remain ahead of the election,” he adds. Hande Küçük, economist at Bank of America in London, is somewhat more upbeat, anticipating a gradual improvement in consumer expectations supporting domestic demand and reflecting a gradual move to disinflation ahead of a 2027 early election. She expects inflation to drop to 24% by the end of this year, a CBRT central policy rate of 30%, and GDP growth rising to 4.3%. “However, high inflation will remain a key voter concern and a focus for government policy ahead of the next election,” she notes. With no likely structural or labor market reforms before the election, Turkish business leaders have acted on their own. On January 31, DEÍK, the Foreign Economic Relations Board, with the leaders of Turkey’s 26 EU business councils, published an open letter to EU leaders proposing “a paradigm shift in Turkey-EU relations.” The authors suggested that “the time has come to reconsider the current unproductive methodology which stalls Turkey’s accession process. Giving Turkey a clear and unambiguous perspective on becoming an EU member … would restore strategic clarity and mutual confidence.” It would likely benefit investors, markets, and FDI, making a return to policy unpredictability and political volatility much less likely. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Finance **Tags:** Booming, country, Numbers, Report, Turkeys --- ### [Russian Gerbera Drone Found in Turkey - What is It? - Technology Org](https://turkbusinessnews.com/2026/08/04/russian-gerbera-drone-found-in-turkey-what-is-it-technology-org/) **Published:** August 4, 2026 **Author:** spsingh **Content:** The Russo-Ukrainian war is gigantic. The frontline is way over a thousand kilometres long. Both sides are using loads of unmanned long-range systems, which are bound to fail sometimes. Inevitably, this does result in significant international complications, which one day may involve NATO members, especially the ones bordering the Black Sea. Gerbera on a Turkish beach appeared significantly damaged (Screenshot) The Black Sea is buzzing with the sound of unmanned Russian and Ukrainian systems. Those include naval drones as well as UAVs, of course. However, the Black Sea is surrounded by other countries not directly involved in this war. They are now getting to know Ukrainian sea drones and Russian flying drones with a level more intimate than they signed up for. A Russian Gerbera drone washed up on the coast of Istanbul on Monday morning, apparently after failing en route to Ukraine and crashing into the Black Sea before drifting toward Turkey, a NATO member. Turkish explosive‑ordnance teams secured and neutralized the device without incident. The discovery highlights how far these lightweight Russian drones can travel and how easily they can create international complications when they malfunction. Remember that it is the peak of summer when there are plenty of unsuspecting people on the beaches and in recreational boats on the sea. The Gerbera is a Russian multi‑role UAV introduced in 2024 as a cheaper alternative to the Shahed‑136, known in Russia as the Geran‑2. Initially built as a decoy to force Ukraine to waste air‑defence ammunition, it has since evolved into a platform for reconnaissance, strike missions, and even airborne signal relaying to extend the control range of other drones. Constructed largely from foam and plastic, the Gerbera is inexpensive, easy to mass‑produce, and buoyant enough to float intact after crashing. Despite being much smaller than the Shahed – roughly two meters long with a wingspan of about 2.5 meters – the Gerbera can still fly long distances, with an estimated range of around 600 kilometers. This is not the first time when Gerbera visits NATO countries. In 2025, two armed Gerbera drones violated Lithuanian airspace in separate incidents, prompting diplomatic protests and raising concerns that Russia was testing NATO’s response thresholds. Of course, this most recent example with Turkey is very different as the drone simply washed ashore. However, it is still a good reminder that the war in Ukraine is a regional problem. Written by Povilas M. Sources: [NOELreports on X](https://twitter.com/NOELreports/status/2079139934305149364), Wikipedia ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Technology **Tags:** Drone, Gerbera, Org, Russian, Technology, Turkey --- ### [Saudi Stock Exchange Records Four Block Trades Worth SAR111.5 Million](https://turkbusinessnews.com/2026/08/04/saudi-stock-exchange-records-four-block-trades-worth-sar111-5-million/) **Published:** August 4, 2026 **Author:** Samridhi Puri **Content:** There were four privately negotiated block trades carried out on Tuesday at the Saudi Exchange (Tadawul) that totalled approximately SAR111.5 million in total value, signalling continuous institutional activity in the Saudi stock market. This included stocks from Saudi National Bank (SNB) and the Saudi Investment Bank (SAIB). Unlike regular exchange transactions, block trades are arranged directly between buyers and sellers and are carried out at mutually agreed prices that comply with Tadawul’s regulations. As a result, the agreed prices may differ from those seen during normal market trading. These transactions are reported separately from routine trading activity and are widely used by institutional investors and large shareholders to transfer significant stakes without creating major price movements in the open market. ![Five businessmen in a boardroom review charts and documents at a wooden table, with laptops and a city skyline through floor-to-ceiling windows.](https://turkbusinessnews.com/wp-content/uploads/2026/08/78-1024x737.jpg "78 -")According to exchange data, two of the four transactions were carried out on shares of Saudi National Bank. One was executed at SAR39.22 per share, while another matched the market price of SAR39.44 per share. The remaining trades involved shares of The Saudi Investment Bank, contributing to the day’s overall value of negotiated transactions. Block trades play an important role in Saudi Arabia’s capital market by enabling sizeable transactions to be completed without significantly affecting price movements in the open market. Such transactions are frequently undertaken by institutional investors, investment funds and major shareholders seeking to adjust their holdings while limiting market volatility. The disclosure of negotiated transactions forms part of Tadawul’s transparency framework, allowing investors to monitor significant share transfers alongside regular trading activity. While these deals may indicate portfolio rebalancing or strategic ownership changes, they do not automatically signal shifts in a company’s financial performance or business outlook. Saudi Arabia’s capital market has continued to attract increasing institutional participation as the Kingdom advances financial sector reforms under Vision 2030, with enhanced liquidity and improved market infrastructure supporting both domestic and international investment activity. Block trades remain a regular feature of the exchange, particularly in highly liquid banking stocks, where large investors often execute substantial transactions through negotiated deals rather than the open order book. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** Business **Tags:** fourblocktrade, saudistockmarket --- ### [Saudi Aramco Q2 Profit Climbs 42% as Higher Oil Prices Boost Earnings](https://turkbusinessnews.com/2026/08/04/saudi-aramco-q2-profit-climbs-42-as-higher-oil-prices-boost-earnings/) **Published:** August 4, 2026 **Author:** Samridhi Puri **Content:** Saudi Aramco, the energy company in Saudi Arabia, said it made a lot of money in the second part of the year. This is because the price of oil went up, and they did well in the energy and downstream parts of their business. The Middle East is still a tense place. Saudi Aramco made a profit of around $32.7 billion during this time. They did well, and the Middle East situation did not seem to affect Saudi Aramco’s profits that much. This is a jump from the year before. The company said they made money because the price of oil was high and they sold a lot of refined products and chemicals. Saudi Aramco did well, and this is why they have so much money now. The high price of oil really helped Saudi Aramco make a lot of money. The results exceeded many market expectations and reinforced Aramco’s position as the world’s largest oil producer by market value. Aramco said its operational resilience enabled it to maintain reliable energy supplies during a period of heightened regional tensions that disrupted shipping routes and global oil markets. The company reported a supply reliability rate of 98.4%, crediting its diversified production network, strategic infrastructure and export flexibility, including the use of the East-West Pipeline linking oil fields to the Red Sea coast. ![Saudi Aramco refinery at sunset featuring a large white storage tank with the logo and a network of pipes and towers behind it, glowing lights.](https://turkbusinessnews.com/wp-content/uploads/2026/08/77-1-1024x737.jpg "77 -")President and CEO Amin H. Nasser said global energy markets continue to face supply challenges, noting that geopolitical developments have underscored the importance of dependable producers capable of responding to market disruptions. He added that Aramco remains focused on maintaining production capacity, investing in downstream expansion and advancing projects that support long-term energy security and shareholder value. The strong quarterly performance comes as crude oil prices remained elevated during the reporting period amid supply concerns linked to instability affecting key shipping routes in the Middle East. Although higher energy prices strengthened earnings, the company indicated that operating expenses and taxes also increased compared with a year earlier. Investors will closely monitor Aramco’s performance over the remainder of 2026 as oil prices, geopolitical developments and global demand continue to shape the outlook for the energy sector. Analysts say the company’s integrated business model and large-scale infrastructure provide a competitive advantage during periods of market volatility, while its financial strength remains central to Saudi Arabia’s broader economic diversification strategy under Vision 2030. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** National **Tags:** saudieconomy, saudienergy --- ### [Edge Marketing and Law.com Launch The Edge Room for Women, Influence & Power in Law 2026](https://turkbusinessnews.com/2026/08/03/edge-marketing-and-law-com-launch-the-edge-room-for-women-influence-power-in-law-2026/) **Published:** August 3, 2026 **Author:** News Desk **Excerpt:** AI-enhanced media engagement platform now open for sponsors MINNEAPOLIS — Edge Marketing, Inc., leading marketing and public relations agency for the legal, accounting and professional services sectors, announced today a new collaboration with Law.com to deliver its AI-enhanced media engagement platform, The… **Content:** **AI-enhanced media engagement platform now open for sponsors** MINNEAPOLIS — Edge Marketing, Inc., leading marketing and public relations agency for the legal, accounting and professional services sectors, announced today a new collaboration with Law.com to deliver its AI-enhanced media engagement platform, The Edge Room, to the upcoming Women, Influence & Power in Law conference. This exciting new partnership marks the first time The Edge Room will be featured at the Women, Influence & Power in Law (WIPL) conference, connecting legal innovators with credentialed members of the media. The event is the nation’s premier conference for women in the legal profession, convening general counsel, law firm leaders, and legal innovators to advance women’s leadership across the industry. WIPL provides a platform for candid conversation, actionable strategy, and community-building among the legal profession’s most influential women. “We’re honored to bring The Edge Room to WIPL this year,” says Amy Juers, CEO of Edge Marketing. “The Edge Room creates a bridge between conference sponsors and the media, making it easier for organizations to share their news and insights while giving journalists a centralized source for the latest developments from the event. We’re especially excited to partner with a conference that celebrates the leadership, innovation and impact of women across the legal profession, helping those important conversations reach an even broader audience.” The Edge Room offers an intuitive, secure platform for sponsors to upload press releases, announcements, demo videos and company news, giving credentialed media a centralized source for the latest news, announcements and insights from conference participants. “We’re excited to partner with Edge Marketing to bring The Edge Room to WIPL,” says Jennifer Turney, Vice President and Global Event Director for Law.com. “Our continued commitment to spotlighting bold voices and actionable strategies for women’s leadership in the legal profession makes The Edge Room an ideal addition to this year’s conference. It creates another opportunity for attendees, speakers and sponsors to share their insights, amplify important conversations and extend the impact of the event well beyond the conference itself.” The Edge Room for WIPL 2026 opens today for sponsors and on August 31 for credentialed members of the media. Media representatives interested in covering WIPL 2026 can apply for a press pass and access to The Edge Room by contacting Vicki LaBrosse at vlabrosse@edgemarketinginc.com. Questions about The Edge Room can be directed to Tanya Amyote at tamyote@edgemarketinginc.com. For more information about Edge Marketing and The Edge Room, visit http://www.theedgeroom.com. To learn more about WIPL, visit [http://www.event.law.com/corpcounsel-wipl/](https://www.globenewswire.com/Tracker?data=m_t0GVc16I0cfXUl0EQcLV9d1bMtcik2G7hBpgpNj79DDfTeduuEWlKSAXpE86fw34sQuf_n8gn6YUmrD1_ACRWXyrIfPj5f0TneYAhQpXCiwbEjkIaXWsyYhDJJMf5TqO4mXQ-50ydATjkrnmS5Lw==). **About Women, Influence & Power in Law (WIPL)** Women, Influence & Power in Law is the nation’s premier conference for women in the legal profession, convening general counsel, law firm leaders, and legal innovators to advance women’s leadership across the industry. WIPL provides a platform for candid conversation, actionable strategy, and community-building among the legal profession’s most influential women. **About Law.com** Law.com is the trusted global intelligence platform for the legal industry, delivering strategic insights, proprietary data, and expert analysis that support smarter decision-making. Built on more than 30 years of deep market expertise and informed by long-standing relationships with law firm and legal department leaders, Law.com combines data-driven insight with AI-enabled technology to help professionals understand change, manage risk, and identify opportunity. Millions of legal professionals worldwide rely on Law.com to power critical decisions across growth, strategy, and the business of law. [Law.com](https://www.globenewswire.com/Tracker?data=pnU0TsX4OyJ4WLmgayGN1F9bevc3eSR0eW_req7owRxxSRpg2XWBanV8gbU6ndxe5doAfifPe5RWsGNpfARcfawINI74Ll5FVcCQ9aHY4mDhTUjLRpnLWM_cS43b5KZ20LnEgd44M1lRhIoW4G3rg5yoT6K29EqbyAZckBxl_pcelb-RUCsQPQ8H887MWKcvoErwgL0xQClUL1gRzDdyfv-7m7WT_y73oaYHbd3DCzUWD2xUuYBiTHXb6Eeps0VkVhAoGmP5OwAbUejYGk610pwDII8sEIWnBNm83KK7eJ2G7BwxKqTCwGS_0G5dPEt-Yagfh5-M8ff2_EEnjLwrj4Lqoot-IfjceOSzdiX3R0iS80FeyAmdjhIfy9oAnM-jSbsJV7aSS-Wuy2FNSQ7kexUanSWbAx3YeCpgof_cB004Agx5VcN-5qrp8ythuFv7cK3HHjguhij3XpZMohzmXw==) is part of Centellic, a global provider of strategic intelligence, data, and insight solutions for legal and professional markets. **About Edge Marketing** Founded in 1997, Edge Marketing is a strategic communications and marketing agency serving organizations across legal, accounting, technology, and other regulated industries. The firm helps clients strengthen market visibility, authority and business growth through integrated public relations, thought leadership, digital marketing, and strategic advisory services. To learn more, visit [http://www.edgemarketinginc.com](https://www.globenewswire.com/Tracker?data=m_t0GVc16I0cfXUl0EQcLUoNQl5CItuzUtHvepB9CW337qbw6rsJwmj1PA-FIgKYA1QK8jWj_lD7BEMPnvDAYy2d3vKZfaiYd2uB-5VV8UXnMq6EuPZjdkJtrFoo4q8u). **Conference Contact** Jennifer Turney Vice President & Global Event Director [**jennifer.turney@alm.com**](https://www.globenewswire.com/Tracker?data=swf58xuYvZoLQzP93efRDfX785xKMM0cg6LqIRFHq00oockTmsKEEo0L3WOW9sZLX2J_A23jN-MNwH4A4rnlwvB1G7Z1PSSdm8HAM-Qi_1urADI6NofGGMq61ayvBqN6) **Media Contact** Vicki LaBrosse, Managing Director & Director of Global Public Relations Edge Marketing [**vlabrosse@edgemarketinginc.com**](https://www.globenewswire.com/Tracker?data=OIuIBm2ydUonKAPWc7tcRdf4v0UWx3Vf1Ds_crHRiXrZ6OhmgG0TOPl81DyvJFbQr-nBCQ8pMFN8XpEu0Qmrwh5M8Mqqltydc4ykZhqVpwFDSHVGwcVbxMOya0RK7vQq) ***Syndication Notice:** This press release is syndicated from the [original source](https://www.globenewswire.com/news-release/2026/08/03/3337630/0/en/edge-marketing-and-law-com-launch-the-edge-room-for-women-influence-power-in-law-2026.html) for informational purposes. We do not claim ownership of the content. All copyrights, trademarks, images, and other intellectual property remain the property of their respective owners.* The post [Edge Marketing and Law.com Launch The Edge Room for Women, Influence & Power in Law 2026](https://menawirenow.com/2026/08/edge-marketing-and-law-com-launch-the-edge-room-for-women/) first appeared on [MENAWireNOW](https://menawirenow.com). **Publishing Source::** [menawirenow.com](https://menawirenow.com/2026/08/edge-marketing-and-law-com-launch-the-edge-room-for-women/?utm_source=rss&utm_medium=rss&utm_campaign=edge-marketing-and-law-com-launch-the-edge-room-for-women) ![author avatar](https://secure.gravatar.com/avatar/4e3a45e03c0bce69b866fb10b522d054c74b2afa03adaeb29a3148d4aadd366e?s=300&d=mm&r=g) News Desk [See Full Bio](https://turkbusinessnews.com/author/news-desk/) [ ](https://turkbusinessnews.com/author/news-desk/) **Categories:** Press Release --- ### [AMSilk collaboration: Biotech silk protein yarns feature in Balenciaga 55th Couture Collection](https://turkbusinessnews.com/2026/08/04/amsilk-collaboration-biotech-silk-protein-yarns-feature-in-balenciaga-55th-couture-collection/) **Published:** August 4, 2026 **Author:** News Desk **Excerpt:** Haute Couture evening gown constructed using AMSilk-blend fabric Follows debut of AMSilk bioengineered silk protein yarns in Balenciaga Spring Collection 2026 NEURIED, Germany — AMSilk, a global leader in advanced biomaterials made from silk proteins, today announces that its bioengineered… **Content:** - *Haute Couture evening gown constructed using AMSilk-blend fabric* - *Follows debut of AMSilk bioengineered silk protein yarns in Balenciaga Spring Collection 2026* NEURIED, Germany — AMSilk, a global leader in advanced biomaterials made from silk proteins, today announces that its bioengineered yarns have been featured in Balenciaga’s 55th Couture Collection. An evening cocoon gown, constructed using an AMSilk-blend fabric, appeared as part of Creative Director Pierpaolo Piccioli’s debut Couture Collection for Balenciaga. The design celebrates the versatility and inherent lightness of AMSilk’s bioengineered yarns and represents the latest exciting development in the Company’s pioneering collaboration with the House. The collaboration is emblematic of the luxury fashion industry’s increasing focus on scalable, sustainable alternatives to conventional fabrics, including silk, and the simultaneous evolution of AMSilk’s bioengineered yarns, which don’t compromise on quality or aesthetics. **Ulrich Scherbel, Chief Operating Officer Premium Filaments at AMSilk, said**: *“Seeing our material feature so prominently as part of the Balenciaga Couture Collection is a meaningful milestone for AMSilk. Haute Couture has always been defined by exceptional craftsmanship and extraordinary materials. For us, this latest application represents an important validation of our technology and demonstrates the growing potential of biotechnology-enabled materials in luxury fashion. We are proud to be advancing this journey together with visionary partners such as Balenciaga.”* AMSilk’s advanced biomaterials are inspired by spider silk. By decoding and reengineering nature’s protein blueprint, AMSilk produces silk proteins via precision fermentation and converts them into wet-spun filaments. The result is a unique filament engineered for luxury-grade aesthetics and consistency while remaining fully compatible with established textile manufacturing processes such as knitting, weaving, dyeing and finishing. Completely protein-based, fully biodegradable, and microplastic-free, AMSilk’s advanced biomaterials herald a new era in material innovation. **Contact** **AMSilk GmbH** Isabel Rosenberger Head of Marketing & Communications Tel. +49 (0) 151 6106 3269 E-Mail: isabel.rosenberger@amsilk.com **Optimum Strategic Communications** Nick Bastin, Joshua Evans Tel: +44 (2)03 922 1906 E-mail: amsilk@optimumcomms.com **About AMSilk** AMSilk is a global pioneer in industrial biotechnology, redefining materials through outstanding performance and sustainability credentials. Inspired by the extraordinary properties of spider silk proteins, the company leverages advanced protein design and precision fermentation to create unique performance materials. Through advanced protein design, AMSilk creates breakthrough materials that can be tailored for multiple industries while delivering superior functionality. When spun into fibers, these materials embody the principles of a circular economy, offering recyclability and a significantly reduced environmental footprint. Formulated as ingredients for industrial applications, AMSilk’s materials provide outstanding performance and empower industries to meet both current and future regulatory standards. AMSilk’s materials offer an alternative with strong market differentiation and superior bio-performance. For more information, please visit www.amsilk.com. **Disclaimer** This press release contains forward-looking statements. These statements reflect the current views, expectations and assumptions of the management of AMSilk GmbH and are based on information currently available to management. Forward-looking statements are not guarantees of future performance and involve known and unknown risks and uncertainties. Actual future results and developments concerning AMSilk may therefore differ materially from the expectations and assumptions expressed herein due to various factors. ***Syndication Notice:** This press release is syndicated from the [original source](https://www.globenewswire.com/news-release/2026/08/04/3338057/0/en/amsilk-collaboration-biotech-silk-protein-yarns-feature-in-balenciaga-55th-couture-collection.html) for informational purposes. We do not claim ownership of the content. All copyrights, trademarks, images, and other intellectual property remain the property of their respective owners.* The post [AMSilk collaboration: Biotech silk protein yarns feature in Balenciaga 55th Couture Collection](https://menawirenow.com/2026/08/amsilk-collaboration-biotech-silk-protein-yarns-feature/) first appeared on [MENAWireNOW](https://menawirenow.com). **Publishing Source::** [menawirenow.com](https://menawirenow.com/2026/08/amsilk-collaboration-biotech-silk-protein-yarns-feature/?utm_source=rss&utm_medium=rss&utm_campaign=amsilk-collaboration-biotech-silk-protein-yarns-feature) ![author avatar](https://secure.gravatar.com/avatar/4e3a45e03c0bce69b866fb10b522d054c74b2afa03adaeb29a3148d4aadd366e?s=300&d=mm&r=g) News Desk [See Full Bio](https://turkbusinessnews.com/author/news-desk/) [ ](https://turkbusinessnews.com/author/news-desk/) **Categories:** Press Release --- ### [Around 268,000 Israelis left country over past 3 years - study](https://turkbusinessnews.com/2026/08/03/around-268000-israelis-left-country-over-past-3-years-study/) **Published:** August 3, 2026 **Author:** spsingh **Content:** Around 268,000 Israelis left the country over the past three years, in a wave of departures that reached record levels since 2023, according to Israeli media on Monday. The daily Yedioth Ahronoth said a new study by researchers from Tel Aviv University showed that the migration wave that began in 2023 reached record and worrying levels last year. According to the study, 86,509 Israelis left the country for three consecutive months or more in 2023, followed by 91,499 in 2024 and 90,922 in 2025. The study found that nearly 270,000 Israelis left the country between 2023 and 2025, averaging around 90,000 people annually, compared with about 60,000 per year between 2010 and 2019. Professor Itai Ater of Tel Aviv University’s Coller School of Management, who supervised the study, said the number of Israelis leaving for long periods is “deeply troubling.” “The real danger lies in the loss of equilibrium and the possibility that emigration numbers will continue rising rather than remain at their current levels,” he warned. Yedioth Ahronoth also referred to a previous report that found a sharp increase in the number of doctors, PhD holders, engineers, academics and high-income earners leaving Israel. “The Israeli economy is not rich in natural resources and relies heavily on high-quality human capital concentrated in the high-tech sector and other knowledge-intensive industries,” the paper said. The study comes as Israel continues its genocidal war on Gaza since Oct. 8, 2023. Tel Aviv also expanded its military operations to Lebanon, Syria, Yemen and Iran. Israeli military figures showed that at least 966 soldiers have been killed since the start of the Gaza war in October 2023. According to official Israeli figures, Israel’s population exceeds 10 million. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Business **Tags:** country, Israelis, left, study, years --- ### [Turkish Airlines sets daily passenger, flight records in early August](https://turkbusinessnews.com/2026/08/03/turkish-airlines-sets-daily-passenger-flight-records-in-early-august/) **Published:** August 3, 2026 **Author:** spsingh **Content:** Turkish Airlines announced Monday that it set new daily passenger and flight records during the first weekend of August. The Turkish flag carrier transported 248,922 passengers on Saturday, setting a new daily record for Turkish Airlines operations, according to a company statement through US social media firm X. The airline group surpassed that figure on Sunday, carrying a total of 352,715 passengers, including 248,318 on Turkish Airlines flights and 104,397 through its low-cost subsidiary AJet. Turkish Airlines and AJet operated a combined 1,970 passenger flights on Sunday, including 1,388 Turkish Airlines services and 582 AJet flights. When Turkish Cargo operations were included, the group’s total daily flight count reached an all-time high of 2,034. The airline said it expects to set further records during August as it seeks to strengthen Türkiye’s position in global aviation. Turkish Airlines carried 44.5 million passengers in the first half of this year, up 5.5% from the same period last year, while its passenger load factor rose 2.3 percentage points to 83.7%. International passenger numbers increased 6.6% to 29.4 million during the January-June period, while domestic passenger traffic rose 3.6% to 15.1 million. Cargo and mail volume climbed 13.3% to nearly 1.16 million tons. The group transported 92.6 million passengers in 2025, an annual increase of 8.8%, while international passenger traffic grew 11.3% to 60.7 million. Its cargo and mail volume rose 8.4% to nearly 2.17 million tons last year. Turkish Airlines has a fleet of 563 aircraft, including 28 freighters. The carrier’s network spans 358 destinations — 53 domestic and 305 international — across 133 countries. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** National **Tags:** Airlines, August, daily, early, flight, passenger, records, sets, Turkish --- ### [Flash floods kill 29 in Afghanistan: WHO](https://turkbusinessnews.com/2026/08/03/flash-floods-kill-29-in-afghanistan-who/) **Published:** August 3, 2026 **Author:** spsingh **Content:** Flash floods triggered by recent heavy rains have killed 29 people and injured 129 others across Afghanistan, while four people remain missing, the World Health Organization said Monday. The floods caused casualties and widespread damage in Nuristan, Nangarhar, Laghman, Paktika, Paktia, Khost, Ghazni, Kabul, Kapisa, Panjshir, Parwan, Logar and Maidan Wardak provinces, according to a WHO report. At least 300 households were affected in Nuristan and Laghman provinces alone. The WHO said it has deployed three mobile health teams, in coordination with its health partners, to provide medical services to flood-affected communities. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** International **Tags:** Afghanistan, Flash, floods, kill --- ### [IFC Invests in TSKB to Drive Gender Equality in Turkish Companies, Boost Financial Inclusion](https://turkbusinessnews.com/2026/08/03/ifc-invests-in-tskb-to-drive-gender-equality-in-turkish-companies-boost-financial-inclusion/) **Published:** August 3, 2026 **Author:** spsingh **Content:** ​Istanbul, Turkey, 11 March 2022—To boost access to finance and employment opportunities for women in Turkey and create more gender-equal businesses, IFC announced an investment in Türkiye Sinayi Kalkinma Bankasi (TSKB), the country’s largest development bank. IFC is providing a $100 million financing package to TSKB to allocate to mid-cap companies in Turkey that are also women-inclusive enterprises. To qualify as a women-inclusive enterprise, a company must meet specific gender criteria, such as having a minimum number of women owners, board members, or senior executives, a valid gender equality certification, or a minimum score from IFC’s gender tool kit. “Women are one of the most vulnerable groups in the face of global risks such as climate change and pandemics,” said TSKB CEO Ece Börü. “On the 8th of March, International Women’s Day, we are pleased to sign an important funding agreement that increases women’s employment with IFC, a longstanding business partner for us. We will continue to take concrete steps towards the equal representation of women in both production and management by contributing to the inclusive transformation of private sector companies”. According to the World Economic Forum’s Global Gender Gap Report, Turkey has one of the highest gender gaps in labor force participation rates among OECD countries and emerging economies, at 38.5 percent for females ages 15-64, compared to 78 percent for males. Overall, the report ranks Turkey 140th out of 156 countries on the gender gap in the Economic Participation and Opportunity category. “Women lag behind men when it comes to access to finance and formal labor force participation in Turkey, facing significant hurdles both as employees and entrepreneurs,” said Wiebke Schloemer, IFC Director for Turkey and Central Asia. “Increasing female participation rates in the workforce are not just a moral imperative – it’s also essential to support a sustainable, inclusive economic recovery.” TSKB and IFC are long-standing partners. IFC has provided financing to the bank since 1963, with a focus on energy efficiency, renewable energy, and reducing pollution. The bank identified gender finance as a focus area in 2016 and has been systematically developing the area since then. Turkey represents IFC’s second-largest country exposure in terms of commitments. IFC has supported private sector development in Turkey for more than 50 years, with a committed exposure of over $4.3 billion in the country as of June 2021. About TSKB Headquartered in İstanbul and established in 1950 with the support of World Bank and the Central Bank of Türkiye and shareholding of private commercial banks, Türkiye Sınai Kalkınma Bankası (TSKB) is Türkiye’s first privately-owned development and investment bank. Ever since its inception, TSKB has been engaging in business partnerships with supranational financial institutions, international development agencies, and financial institutions all over the World. TSKB has been supporting Türkiye’s sustainable growth with its deep knowledge and experience as well as the broad array of corporate banking, investment banking, and consultancy services. TSKB’s banking model offers solutions for combating climate change and supports transition to a low-carbon economy under its sustainability-focused activities while targeting inclusiveness investments as well. TSKB’s support for investments to contribute to the sustainable development of Türkiye constitutes nearly 90% of the Bank’s total loan portfolio. Medium to long-term targets of the Bank could be found in its Integrated Financial Report and Climate Risks Report. For more information, visit www.tskb.com.tr. About IFC IFC—a member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2021, IFC committed a record $31.5 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of the COVID-19 pandemic. For more information, visit www.ifc.org. Stay Connected www.facebook.com/IFCwbg[www.twitter.com/IFC\_org](https://ifcextapps.ifc.org/ifcext/pressroom/ifcpressroom.nsf/0/www.twitter.com/IFC_org)www.youtube.com/IFCvideocastswww.ifc.org/SocialMediaIndexwww.instagram.com\\ifc\_org ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Finance **Tags:** Boost, Companies, drive, Equality, Financial, Gender, IFC, Inclusion, Invests, TSKB, Turkish --- ### [With Terminal Istanbul, Türkiye aims to rise as global startup hub](https://turkbusinessnews.com/2026/08/03/with-terminal-istanbul-turkiye-aims-to-rise-as-global-startup-hub/) **Published:** August 3, 2026 **Author:** spsingh **Content:** Once a bustling transport hub, Istanbul’s Atatürk Airport is set to find a new role, and it would eventually serve as what a top Turkish official called the “world’s largest” tech and entrepreneurship center in the years to come. Under the name of Terminal Istanbul, Türkiye is currently building a massive center on the grounds of the former airport, aiming to attract startups from around the world and position itself as stronger on the global tech map. Envisioned as a new hub for the global technology and entrepreneurship ecosystem, Terminal Istanbul would bring together a broad range of stakeholders – from entrepreneurs and investors to technology companies and young talent – under one roof. Designed as one of the world’s largest technology and innovation centers, the project aims to strengthen Türkiye’s capabilities in artificial intelligence, software and advanced technologies. By fostering collaboration between the public and private sectors, universities and the startup ecosystem, Terminal Istanbul seeks to accelerate the development of high-value-added technologies. The project’s initial phase is expected to open this month. Speaking to Anadolu Agency (AA), Industry and Technology Minister Mehmet Fatih Kacır said Atatürk Airport had served Türkiye for many years, but as passenger demand outgrew its capacity, Istanbul required a new airport. He noted that the new airport offers capabilities far beyond those of the former facility and has enabled Turkish aviation to achieve remarkable growth. He referred to the new Istanbul Airport, which has often emerged among the busiest in Europe, even the busiest, less than a decade since its opening. Kacır also said that, under the direction of President Recep Tayyip Erdoğan, the terminal buildings at Atatürk Airport are being transformed into a technology center that will continue to serve Türkiye and its economy. “Under the Terminal Istanbul brand, this will become the world’s largest technology entrepreneurship center. We are preparing to open the first phase, covering 5,000 square meters,” the minister said. ![Industry and Technology Minister Mehmet Fatih Kacır poses during an interview, Istanbul, Türkiye, Aug. 1, 2026. (AA Photo)](https://idsb.tmgrup.com.tr/ly/uploads/images/2026/08/02/453741.jpg) “Once the project is completed next year, we will have created a 200,000-square-meter campus serving Türkiye’s technology entrepreneurship ecosystem, as well as entrepreneurs and investors from around the world,” he added. ‘A truly exceptional hub’ Kacır said Terminal Istanbul will be a unique center, distinguished not only by its scale but also by its ecosystem. “It will be the world’s largest entrepreneurship center, hosting accelerator programs across various industries led by major companies and technology leaders. Partners running startup acceleration programs from the U.S., Europe, China and other parts of Asia will also work with us here, making this a truly exceptional hub.” He said the center would offer entrepreneurs a broad range of opportunities. “We are diversifying financing mechanisms that will help startups scale more quickly. At the same time, we are building infrastructure that will enable entrepreneurs to commercialize their prototypes faster. All of this will make Terminal Istanbul a unique entrepreneurship hub,” he maintained. Moreover, Kacır emphasized that the complex will be more than just a startup center. “It will also serve as a vibrant social destination. Some of Istanbul’s best restaurants and cafes will operate here,” he suggested. He also pointed out that an AI and software school will help train young people in these fields, while a science center would provide educational opportunities for children, students and families. He also said that the center would have a major exhibition venue capable of hosting some of the world’s leading technology exhibitions. As a result, Terminal Istanbul will become an attraction not only for Turkish citizens but also for tourists visiting Istanbul and Türkiye, according to Kacır. The minister also informed that private aviation operations will continue at Atatürk Airport, adding that the goal is for venture capital fund managers arriving by private jet to step directly into Terminal Istanbul and meet dozens of startups operating in the sectors they are interested in investing in. “This will be a center that brings together all stakeholders in the ecosystem, entrepreneurs, financial executives, venture capital funds, talent development organizations, accelerator program managers, corporations and public institutions,” he added. Support for entrepreneurs Asked where Terminal Istanbul would be in five years, Kacır said: “Five years from now, Terminal Istanbul will be the world’s largest entrepreneurship center, home to thousands of entrepreneurs.” He said entrepreneurs based at the center would benefit from collaboration opportunities, accelerator programs, diverse funding options and support mechanisms. Kacır added that the government aims to increase the number of Turkish unicorns, known as Turcorns, valued at more than $1 billion. “Türkiye currently has eight Turcorns. Through our Turcorn 100 Program, we are preparing more than 30 startups to achieve unicorn status. Terminal Istanbul will serve as a catalyst in that journey, enabling startups to scale more rapidly,” he said. He also said the center would host international invitation programs for entrepreneurs from around the world. The minister also noted that Türkiye has introduced a legal framework allowing digital company formation, making it easier for entrepreneurs to establish businesses online, with Terminal Istanbul expected to play a leading role in implementing the initiative. Partnerships with accelerator programs Kacır said the ministry is working with global startup accelerator programs, particularly Techstars, one of the world’s largest accelerators founded in the United States, as well as investment funds in Shanghai, the Gulf region and Europe to establish Terminal Istanbul as a global entrepreneurship and investment hub. He said these partnerships are intended to make the center a key meeting point for entrepreneurs and venture capital investors from around the world, helping transform Terminal Istanbul into a global attraction. Call to young entrepreneurs Furthermore, addressing young entrepreneurs, Kacır identified Türkiye as an address “where dreams can become reality and where globally successful technology startups can be founded and grow.” “I encourage our young people to pursue their dreams and never give up on entrepreneurship. This center has been built for them. Here, they will have access to opportunities beyond what they could find anywhere else in the world,” he said. Kacır also informed that the first phase of the project is scheduled to open this month, with the full campus expected to become operational next year. “God willing, starting in August, the initial phase will begin serving entrepreneurs. Ultimately, this will be a center spanning more than 200,000 square meters, and we aim to have all of its components fully operational next year,” he noted. “More than 60 startups have already applied and secured a place in the center. That is an encouraging number for the initial phase, but in the long-term this will be a hub hosting thousands of startups.” ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Technology **Tags:** aims, global, hub, Istanbul, rise, startup, terminal, Türkiye --- ### [Magnitude 5.5 Earthquake Shakes Eastern Egypt, Prompts Emergency Response With No Immediate Reports of Major Damage](https://turkbusinessnews.com/2026/08/03/magnitude-5-5-earthquake-shakes-eastern-egypt-prompts-emergency-response-with-no-immediate-reports-of-major-damage/) **Published:** August 3, 2026 **Author:** Samridhi Puri **Content:** There was an earthquake with magnitude 5.5 early Monday morning east of Egypt. The earthquake affected several regions in Egypt, such as the Greater Cairo region, and there have been emergency measures that were taken on the national level following this event. There are, however, no reports of casualties or any loss of property due to the earthquake. The earthquake according to National Research Institute of Astronomy and Geophysics (NRIAG) that is Egyptian institute occurred at 3:00 am and the epicenter of the earthquake was about 40 kilometers north of Suez at depth of 10 km. Although there were some differences between the magnitudes indicated by other international organisations regarding this earthquake, they agreed on the fact that the earthquake was shallow. Residents in Cairo, the Nile Delta and several eastern governorates reported being awakened by the shaking, while people in neighbouring countries also experienced mild tremors due to the earthquake’s reach across the eastern Mediterranean. Authorities said emergency hotlines remained operational, but no widespread structural damage had been identified during initial inspections. ![Emergency responders in helmets and reflective vests explain building safety to a group of civilians outside a multi-story residential block.](https://turkbusinessnews.com/wp-content/uploads/2026/08/75-1024x737.jpg "75 -")Health Minister Khaled Abdel Ghaffar instructed ambulance services and emergency teams nationwide to remain on maximum alert as a precaution. Civil protection authorities continued monitoring the situation while engineering teams assessed public infrastructure and buildings in affected areas. Although Egypt is not among the world’s most earthquake-prone countries, seismic activity occasionally occurs because of the country’s proximity to active fault systems around the Gulf of Suez, the Red Sea and the Gulf of Aqaba. Experts say most tremors are minor, but authorities routinely activate preparedness plans following stronger earthquakes to ensure a rapid response if needed. The latest earthquake serves as another reminder of the region’s geological activity, even as officials emphasised that the situation remained stable and that emergency agencies would continue monitoring for any aftershocks or new developments. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** International **Tags:** 5.5magnitudeearthquake, easternegypt --- ### [Egyptian Actors Hamdi Al-Mirghani and Israa Abdel Fattah Announce Separation After Nine Years of Marriage](https://turkbusinessnews.com/2026/08/03/egyptian-actors-hamdi-al-mirghani-and-israa-abdel-fattah-announce-separation-after-nine-years-of-marriage/) **Published:** August 3, 2026 **Author:** Samridhi Puri **Content:** Egyptian actors Hamdi Al-Mirghani and Israa Abdel Fattah have announced the end of their nine-year-old marriage, ending one of the country’s most famous entertainment industry relationships. The announcement came via a social media post shared today (June 4), confirming what several news outlets reported last night: Israa Abdel Fattah told fans they’d agreed to split up after almost a decade of marriage. “We ask you all to respect our privacy and do not speculate about us,” she said, asking her followers to avoid posting details about either of them now. The two married in 2017 after collaborating on projects within Egypt’s entertainment industry. They also share a daughter. Throughout their relationship, they frequently appeared together in television programs, comedy productions, and public events, making them one of the most familiar celebrity couples in the Egyptian media landscape. Their marriage had often attracted public attention due to their on-screen chemistry and regular social media appearances. Reports of difficulties in their relationship had circulated in recent months, but neither actor had publicly commented until the announcement of their separation. Earlier rumours had prompted widespread discussion online, with both artists previously avoiding detailed responses to the speculation. ![Smiling couple taking a sunset selfie on a sandy beach, with palm trees and the sea in the background.](https://turkbusinessnews.com/wp-content/uploads/2026/08/73-1-1024x737.jpg "73 -")Despite confirming the separation, neither Hamdi Al-Mirghani nor Israa Abdel Fattah disclosed the reasons behind the decision. No information has been provided regarding legal proceedings or future arrangements concerning their family, and both have chosen to keep those matters private. The announcement quickly became one of the most discussed entertainment stories across Egyptian social media, where fans expressed surprise and shared messages of support for both actors. Many followers also recalled the couple’s long-standing partnership and successful collaborations in television and comedy projects. Hamdi Al-Mirghani has built a strong reputation in Egyptian comedy through appearances in television series, films and stage productions, while Israa Abdel Fattah has established herself as a television and film actress with roles in several popular productions. The separation marks the conclusion of a nine-year marriage that had been closely followed by fans of Egyptian entertainment, with both actors expected to continue their professional careers independently. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** Other **Tags:** egyptianactors, separation --- ### [Saudi Major Shareholders Increase Stakes in Nine Listed Companies as Selling Limited to One Stock](https://turkbusinessnews.com/2026/08/03/saudi-major-shareholders-increase-stakes-in-nine-listed-companies-as-selling-limited-to-one-stock/) **Published:** August 3, 2026 **Author:** Samridhi Puri **Content:** Major shareholders in the stock market increased their positions in several companies during the most recent reporting period. This shows that investors still have confidence. Buying activity was much higher than selling, according to data from the Saudi Exchange, also known as Tadawul. The recent reports show that ownership went up in nine companies. One company saw a drop in a major shareholder’s stake. This pattern suggests that big investors are choosing to add shares. They are doing this even though the market is still changing. It looks like these investors are focusing on long-term plans of taking profits quickly. Among the notable changes, major shareholders raised their ownership in Leejam Sports, Al Jouf Cement, Saudi Exports Co., Etihad Gulf Cooperative Insurance, Balsam Medical, DRC, Future Vision, Hamad bin Saidan Real Estate, and Al-Madawa Medical Services. In contrast, Tehama Advertising, Public Relations, and Marketing was the only company to register a reduction in a major shareholder’s stake during the reporting period. One of the most significant increases was recorded in Saudi Exports Co., where a major investor lifted ownership by 0.26 percentage points. Hamad bin Saidan Real Estate also posted a notable rise, with a shareholder increasing the stake by 0.14 percentage points, while Leejam Sports registered a gain of 0.11 percentage points. Meanwhile, the largest reduction was seen in Tehama, where ownership declined by 0.36 percentage points. ![Man in a white thobe and a woman in a black hijab review a document as stock charts glow on surrounding monitors.](https://turkbusinessnews.com/wp-content/uploads/2026/08/70-1024x737.jpg "70 -")Ownership disclosures involving investors holding at least 5% of a listed company’s shares are closely monitored by market participants because they often provide insight into institutional sentiment and long-term investment trends. While such changes do not necessarily indicate future stock performance, they are widely viewed as an important gauge of confidence among strategic investors. Saudi Arabia’s equity market has continued to attract both domestic and foreign capital as economic reforms under Vision 2030 broaden investment opportunities and deepen market participation. Analysts say regular monitoring of major shareholder movements can help investors identify shifts in ownership patterns, although investment decisions should also consider company fundamentals, financial performance, and broader market conditions. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** Business **Tags:** saudieconomy, saudistockmarket --- ### [Türkiye, Iraq reaffirm commitment to $30B trade target](https://turkbusinessnews.com/2026/08/02/turkiye-iraq-reaffirm-commitment-to-30b-trade-target/) **Published:** August 2, 2026 **Author:** spsingh **Content:** Türkiye and Iraq reaffirmed their commitment Tuesday to deepening commercial and economic relations and achieving a medium-term trade volume target of $30 billion. Turkish Trade Minister Ömer Bolat met his Iraqi counterpart, Mustafa Nizar Jumaa, in Ankara as part of Prime Minister Ali Zeydi’s visit to Türkiye. Bolat said on Turkish social media platform NSosyal that the two ministers discussed concrete steps needed to reach the trade target, expand existing areas of cooperation and encourage mutual investments. The talks also focused on the strategic importance of the Development Road Project as alternative international trade routes gain prominence. They assessed efforts to develop new joint projects, facilitate transit trade, harmonize customs procedures and strengthen cooperation between the two countries’ customs authorities. Bolat said Türkiye and Iraq would establish a new roadmap during the third meeting of the Türkiye-Iraq Joint Economic and Trade Committee, or JETCO, scheduled in Türkiye in the final quarter of 2026. Bolat said earlier that the rapid integration of the Ibrahim Khalil Border Gate into the ASYCUDA customs system implemented by the Iraqi government would make an important contribution to achieving the $30 billion trade target. He added that the Development Road Project would accelerate investment and contracting activities between Türkiye and Iraq, including through the establishment of new logistics centers and cities. In a separate statement, Türkiye’s Transport and Infrastructure Minister Abdulkadir Uraloğlu said they met with Vahab al-Hasani, Iraq’s transport minister. Al-Hasani is part of the delegation of Iraqi Prime Minister Ali al-Zaidi, who is on a visit to Türkiye upon the invitation of President Recep Tayyip Erdoğan. “Based on the deep-rooted friendship and strategic partnership between Türkiye and Iraq, our collaborations—especially in transportation—that will contribute to our common goals will provide significant contributions to the development of both countries and to our regional stability,” Uraloğlu added. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Business **Tags:** 30B, commitment, Iraq, reaffirm, target, trade, Türkiye --- ### [Türkiye, Lebanon share deep-rooted ties, strong will for cooperation: Lebanese president](https://turkbusinessnews.com/2026/08/02/turkiye-lebanon-share-deep-rooted-ties-strong-will-for-cooperation-lebanese-president/) **Published:** August 2, 2026 **Author:** spsingh **Content:** Türkiye and Beirut share “deep-rooted ties,” said Lebanese President Joseph Aoun on Thursday, adding that there is a “strong” drive to work together to serve both nations’ interests. Relations between Türkiye and Lebanon would advance further in a manner worthy of their shared history, Aoun said. “Türkiye’s role within the United Nations Interim Force in Lebanon (UNIFIL) is extremely important. We will never forget this support,” he added. Praising Erdoğan’s leadership, Aoun said the Turkish president has strengthened ties between Türkiye and Lebanon through his vision and steadfast commitment. Aoun thanked Erdoğan for his warm hospitality and constructive dialogue, reiterating that he viewed the visit as the beginning of a new beginning in bilateral relations. “Long live Lebanese-Turkish friendship,” he said. LEBANON SEEKS FULL ISRAELI WITHDRAWAL Aoun said Lebanon has endured years of hardship and was continuing to suffer major losses as a result of Israeli attacks. He said many families have been displaced from their homes and the country has been devastated, but stressed that the determination of the Lebanese people remained unbroken. Aoun said Lebanon was working to defend its sovereignty, rebuild the country and secure a stable future. “We are striving to achieve this. We are working for Israel’s complete withdrawal from Lebanese territory, for displaced people to return to their homes, for reconstruction and for the revival of the economy,” he said. “We are also working to restore the authority of the legitimate institutions, recover every inch of our territory and ensure that this is achieved under one state, with one army and one authority.” Aoun said Lebanon was pursuing these objectives without compromising its national dignity and would not allow any interference in its sovereignty. CONDITIONS FOR PEACE Stressing the “deep-rooted” relations between Ankara and Beirut, Aoun recalled Türkiye founder Mustafa Kemal Atatürk’s principle, “Peace at home, peace in the world,” saying it has become even more relevant today. “Peace at home can only be established through a strong state, strong institutions, a strong economy, justice and independence,” he said. Peace in our region and around the world can only be achieved through respect for the sovereignty of states, the right of peoples to determine their own future and their right to own and use their natural resources. Relations should be developed beneficially within a framework of partnership,” he added. Aoun noted that he was only the third Lebanese president to visit Türkiye in the past 70 years, describing the visit as highly significant and saying bilateral relations deserved to advance further. My visit will mark the beginning of a new era in Türkiye-Lebanon relations. It is important in terms of partnership, mutual trust and joint action,” Aoun said, stressing that Lebanon’s stability was essential for the stability of the entire region. Aoun thanked the Turkish government, leadership and people for standing by Lebanon during its most difficult periods. He also recalled Türkiye’s support following the 2020 Beirut Port explosion. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** National **Tags:** cooperation, deeprooted, Lebanese, Lebanon, President, share, strong, ties, Türkiye --- ### [Nikol Pashinyan reappointed as Armenias prime minister](https://turkbusinessnews.com/2026/08/02/nikol-pashinyan-reappointed-as-armenias-prime-minister/) **Published:** August 2, 2026 **Author:** spsingh **Content:** Armenian President Vahagn Khachaturyan on Sunday reappointed Nikol Pashinyan as the country’s prime minister. “Based on Article 149, Part 1 of the Constitution: Appoint Nikol Pashinyan as prime minister,” Khachaturyan said in a decree published on the presidential website. Pashinyan’s Civil Contract Party secured victory in Armenia’s parliamentary elections in June, paving the way for him to remain in office for another term. Under the country’s Constitution, the government resigned after the newly elected National Assembly convened for its first session, with the outgoing Cabinet continuing in a caretaker capacity until a new government is formed. Pashinyan had said his party would submit its candidate for prime minister to President Khachaturyan, with the incumbent expected to lead the next government. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** International **Tags:** Armenias, minister, Nikol, Pashinyan, prime, reappointed --- ### [Shin Bet, IDF expose Turkey-based covert Hamas finance network backed by Iran](https://turkbusinessnews.com/2026/08/02/shin-bet-idf-expose-turkey-based-covert-hamas-finance-network-backed-by-iran/) **Published:** August 2, 2026 **Author:** spsingh **Content:** IDF Arabic-language spokesman Col. Avichay Adraee said Sunday the IDF and the Shin Bet have uncovered a clandestine Hamas money-transfer network operating in Turkey under Iranian direction. According to documents revealed by the IDF and the Shin Bet, Hamas is operating a system of Gaza-born money changers living in Turkey and exploiting the country’s financial infrastructure for terrorism. The network, they said, works in full cooperation with the Iranian regime and has transferred hundreds of millions of dollars directly to Hamas and its senior leaders. ![מחבלי חמאס באיזור שחרור החטופים בעזה](https://ynet-pic1.yit.co.il/cdn-cgi/image/format=auto/picserver6/crop_images/2025/02/15/BkgsTf26F1g/BkgsTf26F1g_0_0_3000_1688_0_x-large.jpg "Hamas terrorists (Photo: Hatem Khaled/ Reuters) ") Hamas terrorists (Photo: Hatem Khaled/ Reuters) The network conducts extensive financial activity in Turkey, including receiving, storing and forwarding Iranian funds to Hamas. Officials said the newly revealed documents show only a small sample of the transfers, which amount to hundreds of thousands of dollars. The identities of three operatives, all originally from Gaza, were also disclosed. According to the IDF and Shin Bet, they operate in Turkey under Iranian direction: • Tamer Hassan, a senior figure in Hamas’ finance office in Turkey who works directly under Khalil al-Hayya • Khalil Farwana and Farid Abu Dair, described as money changers in the Hamas network ![Leket](https://ynet-pic1.yit.co.il/cdn-cgi/image/format=auto/picserver6/crop_images/2025/12/07/S1WyIQXMbg/S1WyIQXMbg_0_0_1600_900_0_x-large.jpg "The three operatives, all originally from Gaza (Photo: IDF) ")![Leket](https://ynet-pic1.yit.co.il/cdn-cgi/image/format=auto/picserver6/crop_images/2025/12/07/S1WyIQXMbg/S1WyIQXMbg_0_0_1600_900_0_x-large.jpg "The three operatives, all originally from Gaza (Photo: IDF) ") The three operatives, all originally from Gaza (Photo: IDF) The IDF said the terrorist organization Hamas, encouraged and supported by the Iranian regime, continues to pursue terrorism against Israel and rebuild its capabilities outside Gaza after causing destruction across the Strip. The IDF and the Shin Bet warned against maintaining any ties with the network or with Hamas’ other financial arms. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Finance **Tags:** backed, Bet, covert, expose, Finance, Hamas, IDF, Iran, Network, Shin, Turkeybased --- ### [Burning data centers in Gulf make Türkiye new alternative](https://turkbusinessnews.com/2026/08/02/burning-data-centers-in-gulf-make-turkiye-new-alternative/) **Published:** August 2, 2026 **Author:** spsingh **Content:** Türkiye has announced tax incentives for individuals and companies affected by the Gulf crisis due to the Iran war. It is now preparing a broader package centered on energy continuity and fiscal advantages to attract AI data centers negatively impacted by the Middle East conflict. The disruption triggered by the Gulf crisis could accelerate AI data center investments in Türkiye. Iran has also reportedly designated 11 U.S. technology companies as targets, including Microsoft, Google, Apple, Meta, Oracle and Nvidia. Gulf countries had aimed to build a $500 billion ecosystem by 2030 under the Stargate project, leveraging tax incentives and low-cost energy. Regional instability, however, has disrupted those plans. Between Feb. 28 and March 31, around 500,000 foreign residents reportedly left the region with their families, primarily from Dubai and Doha, while 15,000 companies either suspended operations or relocated to safer jurisdictions. Companies that move their regional headquarters to the Istanbul Financial Center (IFC) will be granted corporate tax exemptions on profits generated from overseas operations for 20 years. Foreign professionals who had not resided in Türkiye during the previous three years before relocation will also receive income tax exemptions on foreign earnings for the same period. If these incentives are followed by AI infrastructure and data center investments, Türkiye could strengthen its appeal as a new technology hub. The first tangible commitment came from Google Cloud, which signed a deal for a $3 billion hyperscale data center in Ankara, with groundbreaking scheduled soon under a partnership with Turkcell. The move marked the first major hyperscale cloud investment entering the country. Meanwhile, Amazon Web Services (AWS) and Microsoft are reportedly reassessing partnership structures and waiting for the most favorable conditions before making commitments. With energy continuity, infrastructure incentives and tax advantages, Türkiye is increasingly positioning itself as a potential magnet for data center investment. New generation of cloud players In recent weeks, Treasury and Finance Minister Mehmet Şimşek said Türkiye is making an intensive effort to attract large-scale data centers, adding that one of the main motivations behind the country’s nuclear energy investments is meeting the enormous power needs of such facilities. A similar message was delivered by Vice President Cevdet Yılmaz at the opening of an AI data center project established through cooperation between NGN and Cerebrum Tech. Data centers directly influence the technology startup ecosystem. Energy and water consumption are critical factors in such investments, as large-scale facilities require vast electricity resources alongside intensive cooling systems. Wherever computing power scales globally, the number of AI startups reaching valuations of hundreds of millions or even billions of dollars tends to rise alongside it. Türkiye is introducing tax incentives to attract skilled professionals relocating due to the Gulf crisis. Now, it has an opportunity to attract a second wave: AI infrastructure investments. Computing infrastructure CoreWeave has scaled from zero to $5 billion in annual revenue. Nebius saw revenue growth of $500 million, fueling a 524% stock market surge. Nscale raised $1.3 billion. Their shared formula is simple: they secured GPU capacity early and built ecosystems around it. A clear pattern has repeated itself throughout the last three years of AI history: Compute infrastructure is built first, and startup ecosystems grow around it later. The sequence has remained remarkably consistent. Türkiye could gain priority in capturing delayed Gulf-related compute orders, but there is a practical constraint. Data centers are resource-intensive not only in electricity demand but also in water consumption for cooling. This means long-term planning is essential. Without proper forecasting, cities could face strain on water and energy systems while feeding the growing infrastructure “monster.” For that reason, locations outside major metropolitan centers are emerging as stronger candidates. Beyond Istanbul and Ankara, provinces such as Konya, Karaman, Niğde, Aksaray and Nevşehir stand out due to lower year-round cooling requirements and stronger sustainability profiles. Türk Telekom puts Türkiye in the fiber Champions League With infrastructure exceeding 550,000 kilometers (341,750 miles) and carrying nearly 80% of the country’s fiber network, Türk Telekom has helped propel Türkiye into the global top tier of digital infrastructure. According to the latest data published by the FTTH Council Europe, Türkiye is now emerging as one of Europe’s fastest-rising fiber markets. The FTTH/B Market Panorama report covering the September 2024-September 2025 period confirmed Türkiye’s accelerating rise in digital infrastructure. According to the report, Türkiye ranked second in Europe after Germany in annual growth of fiber-to-the-home/building (FTTH/B) household coverage. Türkiye also entered Europe’s top five fastest-growing markets in annual fiber household coverage growth, alongside Belgium, Malta, Germany and Switzerland. The data showed that the operator contributing most significantly to this surge was Türk Telekom. 2030 global targets already surpassed Türk Telekom’s fiber strength extends beyond fixed-line infrastructure into next-generation mobile communications. The company has raised the fiberization rate of LTE mobile base stations, a critical enabler for 5G deployment, to 62%, already surpassing the global benchmark targeted for 2030. This expansion creates a stronger infrastructure backbone for delivering seamless 5G connectivity across Türkiye. Investment driven by people, not just profit Türk Telekom said its strategy is built on a “not just the center, but everyone” approach, emphasizing nationwide inclusion rather than purely urban-focused deployment. Ebubekir Şahin, CEO of Türk Telekom, said the company is not only addressing today’s connectivity needs but also building a robust digital backbone capable of supporting the 5G ecosystem, artificial intelligence applications and broader advanced technologies. Türk Telekom CEO Ebubekir Şahin. (Courtesy of Türk Telekom) “As Türk Telekom, which leads Türkiye’s digital transformation, we are carrying our country into the future through human-centered investments and uninterrupted efforts,” Şahin said. “Our activities do not simply meet today’s connectivity requirements. We are also building a powerful digital backbone that will support the AI ecosystem of the 5G era, advanced technologies and our national technology production vision.” He added that the company is extending this digital backbone even into Türkiye’s most challenging geographies. “Türkiye ranked second in Europe in annual FTTH/B growth, and we are proud to have made the largest contribution to this increase. The FTTH Council report stands as a concrete reflection of our vision and proves that Türkiye is becoming a game-changing force in Europe’s digital transformation journey.” Türk Telekom, he added, remains committed to positioning Türkiye as one of the central hubs of the global digital economy. Coverage reaches 99% As part of this strategy, Türk Telekom has also expanded investments into regions with lower population density. According to the SEGE-2022 Socio-Economic Development Ranking report, fiber household coverage in 343 districts classified as less socio-economically developed rose from 671,000 households in 2020 to 1.2 million households by 2025. In the same regions, 6,600 new mobile base stations were deployed over the last five years, increasing mobile population coverage from 76% to 99%. These large-scale infrastructure investments led by Türk Telekom further reinforce Türkiye’s role as a digital infrastructure player at the European level, while supporting the country’s longer-term ambition of becoming a strategic hub in the global digital economy. Grand Games’ unicorn journey continues with fivefold growth Türkiye’s list of homegrown unicorn candidates has continued to expand in recent years, and Grand Games is emerging as one of the strongest contenders to join it in record time after raising $103 million across three funding rounds in just two years. A mobile gaming company from Türkiye has managed to capture the attention of major global investors while climbing the ranks in one of the world’s most competitive digital markets. Since its founding roughly two years ago, Grand Games has raised $103 million and recently posted 500% growth, making it one of the sector’s standout performers. Founded by Bekir Batuhan Çelebi, Mehmet Çalım and Mustafa Fırtına, Grand Games has taken an unconventional path in the mobile gaming industry. Rather than getting lost in a crowded field of dozens of titles, the company focused on the hybrid casual puzzle segment, a niche still seen as underpenetrated. Today, with six active games and more than 50 million downloads, the company has climbed as high as the top two spots on the U.S. iOS download charts with titles including Magic Sort and Block Out. The U.S. market remains the mobile gaming industry’s largest revenue generator and also its most fiercely competitive arena. Reaching the top of those rankings means competing directly against companies backed by multimillion-dollar marketing budgets and years of accumulated brand recognition. $103 million raised across 3 rounds Grand Games secured a $70 million Series B investment in May 2025, led by Balderton Growth Fund. Existing investors, including Bek Ventures, Laton Ventures, and angel investor Mert Gür also participated in the round. The raise came roughly one year after its Series A, also led by Balderton Early Fund, making the follow-on investment particularly notable as a renewed vote of confidence from the same lead investor. ![Grand Games has raised $103 million across three funding rounds in just two years. (Courtesy of Grand Games)](https://idsb.tmgrup.com.tr/ly/uploads/images/2026/05/15/441334.jpg) Grand Games has raised $103 million across three funding rounds in just two years. (Courtesy of Grand Games) Three funding rounds completed in just two years and a total of $103 million in capital have placed Grand Games among Türkiye’s fastest-growing technology startups. The central question behind investor enthusiasm is straightforward: why does the same investor continue doubling down on the company with increasingly larger checks? Real differentiator At the heart of Grand Games’ rapid growth lies not only product quality and market selection, but also its organizational philosophy. The company has built a structure consisting of five independent studios in which teams developing the games have direct authority over product decisions. Each studio carries full responsibility for its own title, while infrastructure, data and production systems are centrally shared. This model enables the company to combine speed and quality without the bureaucratic drag often associated with larger organizations. CEO Çelebi says this approach reflects the company’s founding philosophy: “In many companies, teams remain purely executors. We built a model where the people developing the games have real ownership over the product.” Laton Ventures Founding Partner Görkem Türk echoes this point, noting that launching a successful hit game is already difficult enough, but turning that success into a repeatable platform is far rarer. Grand Games’ ability to reach six active titles in such a short period suggests it is not dependent on a single breakout success. Closing in on unicorn status In startup terminology, unicorn status refers to a $1 billion valuation. How close Grand Games is to crossing that threshold has not been publicly disclosed, but the signals point strongly in that direction. A fivefold increase in revenue within a year, top-two rankings on the U.S. App Store, two consecutive rounds with the same lead investor, and $103 million in total funding all represent strong indicators in valuation discussions. More importantly, the company has demonstrated an ability not only to scale existing games but also to consistently produce new titles. In the mobile gaming sector, where investors prioritize sustainable platforms over one-off hits, that distinction is critical. The Series B funding is expected to be used primarily for team expansion and scaling existing games to broader audiences, reinforcing the company’s ambition to sustain its growth trajectory in the near term. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Technology **Tags:** alternative, Burning, centers, data, Gulf, Türkiye --- ### [Trump expresses concern about Iran wars economic fallout in meeting with Netanyahu: Report](https://turkbusinessnews.com/2026/08/01/trump-expresses-concern-about-iran-wars-economic-fallout-in-meeting-with-netanyahu-report/) **Published:** August 1, 2026 **Author:** spsingh **Content:** US President Donald Trump expressed concern about the severe repercussions of the Middle East war on global financial systems during his meeting with Israeli Prime Minister Benjamin Netanyahu in the Oval Office, Axios reported Wednesday. Netanyahu responded by asserting that Tehran is using its influence over the Strait of Hormuz as its final remaining lever to extract concessions from Washington. Although the prime minister acknowledged the US president’s fears of a worldwide economic downturn, he urged a continued maritime blockade to intensify the financial squeeze on Tehran, according to the report. Netanyahu had deep skepticism about the possibility of a final agreement with Tehran, despite diplomatic efforts. The Israeli official said the leaders “candidly” reviewed three specific strategies Washington is considering: finalizing a diplomatic deal, maintaining the naval blockade with increased economic pressure, or resuming high-intensity military strikes. Netanyahu informed Trump and US leadership of his intent to phase out US military aid to Israel, reducing it to zero within a decade. The prime minister reportedly seeks a formal memorandum to establish the transition, citing a desire to avoid dependence on the “goodwill” of a US Congress where he perceives shifting political winds toward military assistance. The meeting Tuesday was the first face-to-face encounter between the two leaders since the war with Iran began Feb. 28. The visit occurred amid public friction between the two leaders. Trump recently criticized the prime minister for publicly voicing concerns about Iran’s nuclear facilities instead of discussing them privately. He also dismissed Netanyahu’s opposition to US fighter jet sales to Türkiye, asserting that no one would dictate American arms exports. Despite the disagreements, Trump said Monday that the two are “pretty close” on the Iranian issue, while acknowledging a “little difference” in approaches. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Business **Tags:** concern, economic, expresses, fallout, Iran, meeting, Netanyahu, Report, Trump, wars --- ### [Scripps completes acquisition of WTVQ in Lexington](https://turkbusinessnews.com/2026/08/01/scripps-completes-acquisition-of-wtvq-in-lexington/) **Published:** August 1, 2026 **Author:** News Desk **Excerpt:** CINCINNATI — The E.W. Scripps Company has completed its previously announced acquisition of WTVQ, the ABC affiliate in Lexington, Kentucky, from Morris Network, Inc. for $15.8 million. The acquisition creates a duopoly in Lexington with Scripps’ existing NBC affiliate, WLEX, strengthening the… **Content:** CINCINNATI — The E.W. Scripps Company has completed its previously announced acquisition of WTVQ, the ABC affiliate in Lexington, Kentucky, from Morris Network, Inc. for $15.8 million. The acquisition creates a duopoly in Lexington with Scripps’ existing NBC affiliate, WLEX, strengthening the company’s local media presence in Central Kentucky. The completion of the WTVQ acquisition is part of Scripps’ broader strategy to optimize and strengthen its local television portfolio through strategic acquisitions, divestitures and station transactions. This year, Scripps has completed sales of WFTX in Fort Myers, Florida, and WRTV in Indianapolis, generating combined gross proceeds of $123 million. The company also recently completed a station swap with Gray Media that expanded Scripps’ presence in the Mountain West. **Media contact:** Becca McCarter, The E.W. Scripps Company, (513) 410-2425, rebecca.mccarter@scripps.com **Investor contact**: Carolyn Micheli, The E.W. Scripps Company, (513) 977-3732, carolyn.micheli@scripps.com **About Scripps** The E.W. Scripps Company (NASDAQ: SSP) is a diversified media company focused on creating connection. As one of the nation’s largest local TV broadcasters, Scripps serves communities with quality, objective local journalism and operates a portfolio of about 60 stations in 40 markets. Scripps reaches households across the U.S. with national news outlet Scripps News and popular entertainment brands ION, Bounce, Grit, ION Mystery, ION Plus and Laff. Scripps is the nation’s largest holder of broadcast spectrum. Scripps Sports serves professional and college sports leagues, conferences and teams with local market depth and national broadcast reach of up to 100% of TV households. Founded in 1878, Scripps is the steward of the Scripps National Spelling Bee, and its longtime motto is: “Give light and the people will find their own way.” ***Syndication Notice:** This press release is syndicated from the [original source](https://www.globenewswire.com/news-release/2026/08/01/3337133/0/en/scripps-completes-acquisition-of-wtvq-in-lexington.html) for informational purposes. We do not claim ownership of the content. All copyrights, trademarks, images, and other intellectual property remain the property of their respective owners.* The post [Scripps completes acquisition of WTVQ in Lexington](https://menawirenow.com/2026/08/scripps-completes-acquisition-of-wtvq-in-lexington/) first appeared on [MENAWireNOW](https://menawirenow.com). **Publishing Source::** [menawirenow.com](https://menawirenow.com/2026/08/scripps-completes-acquisition-of-wtvq-in-lexington/?utm_source=rss&utm_medium=rss&utm_campaign=scripps-completes-acquisition-of-wtvq-in-lexington) ![author avatar](https://secure.gravatar.com/avatar/4e3a45e03c0bce69b866fb10b522d054c74b2afa03adaeb29a3148d4aadd366e?s=300&d=mm&r=g) News Desk [See Full Bio](https://turkbusinessnews.com/author/news-desk/) [ ](https://turkbusinessnews.com/author/news-desk/) **Categories:** Press Release --- ### [Türkiye captures FETO terrorist wanted for 2016 attempt to assassinate president](https://turkbusinessnews.com/2026/08/01/turkiye-captures-feto-terrorist-wanted-for-2016-attempt-to-assassinate-president/) **Published:** August 1, 2026 **Author:** spsingh **Content:** Turkish police have captured a member of the terrorist group FETO wanted for the attempted assassination of the president during the 2016 defeated coup, the Interior Ministry said Saturday. The suspect, identified by the initials B.K., was part of the Fetullah Terrorist Organization (FETO) unit involved in an attempt to assassinate Recep Tayyip Erdogan in Marmaris during the July 2016 coup bid, the ministry said. The ministry said the suspect was a dismissed army captain and former helicopter pilot who was wanted under an Interpol Red Notice. Police intelligence units in the provinces of Afyonkarahisar and Eskisehir carried out a joint operation coordinated by the Security Directorate’s Intelligence Department, according to the ministry. The operation located the suspect, identified as B.K., who was then captured by counterterrorism police in Afyonkarahisar, the ministry said. The ministry said Türkiye would continue its fight against FETO and its structures. The defeated coup attempt, in which 253 people were killed and 2,734 were wounded, was plotted and carried out by FETO under its ringleader, Fetullah Gulen. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** National **Tags:** assassinate, attempt, captures, FETO, President, terrorist, Türkiye, wanted --- ### [EU chief says Ceuta migrants returned to Morocco, calls for stronger border controls](https://turkbusinessnews.com/2026/08/01/eu-chief-says-ceuta-migrants-returned-to-morocco-calls-for-stronger-border-controls/) **Published:** August 1, 2026 **Author:** spsingh **Content:** European Commission President Ursula von der Leyen said Saturday that the vast majority of people who entered Spain’s North African enclave of Ceuta illegally had returned to Morocco following joint efforts by Spanish and Moroccan law enforcement authorities. Von der Leyen said she held a conference call with European Commissioner for Internal Affairs and Migration Magnus Brunner and European Commissioner for the Mediterranean and for Demography Dubravka Suica to receive an update on the situation in Ceuta. She said the situation showed the importance of controlling Europe’s borders. “This shows why the control of our European borders matters. We have a strong system in place. But it needs to be further strengthened,” she said. The European Commission president said EU authorities must remain vigilant at key entry points and maintain close coordination between all relevant authorities. “At the same time, we need a lessons learned process to improve our European resilience,” she added. Von der Leyen said the European Commission had offered support to Spain from the first moment. “I received letters from several leaders and I welcome the call for an extraordinary videoconference to take stock of what has happened,” she said. “Fighting illegal migration requires solidarity and a united European response,” von der Leyen added. Earlier, several European leaders called for an emergency meeting of EU interior ministers over the migration situation in Ceuta, urging a coordinated response to prevent further irregular crossings. According to Spain’s Interior Ministry, at least 67 people died trying to reach Spain during the crisis, while nearly 70,000 migrants who entered Ceuta from Morocco have already returned. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** International **Tags:** border, calls, Ceuta, chief, controls, migrants, Morocco, returned, stronger --- ### [Turkey’s gold sales deepen bullion slump](https://turkbusinessnews.com/2026/08/01/turkeys-gold-sales-deepen-bullion-slump/) **Published:** August 1, 2026 **Author:** spsingh **Content:** Turkey has sold or loaned out $20bn of gold since the outbreak of the Iran war in a flurry of bullion disposals that contributed to the biggest monthly price drop for the metal since 2008. The Central Bank of the Republic of Turkey sold 52 tonnes of gold between February 27 and March 27, according to analysis by consultancy Metals Focus based on official data, bringing Turkey’s net central bank holdings to 440 tonnes, their lowest level in more than two years. The central bank also arranged about 79 tonnes of gold swaps — which involve leasing out gold bars to generate income and add to downward pressure on bullion prices by increasing the supply available to markets — during the period, as it battled to support the value of the lira. The combined sales and swaps are worth nearly $20bn at current prices, according to FT calculations. The global energy shock and widening war in the Middle East have prompted a growing number of countries, including Russia and Poland, to consider selling gold to bolster their currencies or improve their fiscal positions. The CBRT was also among global central banks selling US Treasuries in a bid to support their currencies. While central banks were a big driver for the multiyear bullion rally that propelled gold prices to a record high of more than $5,500 a troy ounce in January, a recent shift in their behaviour has pulled them down, analysts say. Last month prices fell by 11.5 per cent, bullion’s worst month in 18 years. “Central banks’ sales are the dominant driver of the $1,000 price fall over the past few weeks,” said Nicky Shiels, analyst at refiner MKS Pamp. “The market has always assumed that central banks have been the backstop . . . But the recent data flows and official statements are sort of refuting that.” The pace of Turkey’s gold sales accelerated towards the end of March, with 31 tonnes sold in the week ending March 27, the Metals Focus figures show. “Turkey’s central bank has been holding 60 to 70 per cent of its reserves in gold. So it had to sell or swap some of that to raise needed dollar liquidity,” said Uğur Gürses, a Turkish economic commentator who once worked in the bank’s gold reserve management department. “If 50 tonnes enters the gold market, that can have a huge effect on prices,” Gürses said, adding that he believed the CBRT now had sufficient liquidity and no immediate need to sell more gold. The gold sales underscore Turkey’s determination to prop up the lira, because currency stability is a central plank in the country’s more than two-year-long campaign to curb inflation, which is running at 31 per cent. Turkey’s net international reserves have fallen by almost half to $46bn since the Iran war began, according to calculations based on official data by Bürümcekçi Research and Consulting. The sales also exemplify a broader shift in global central banks’ management of gold reserves. Last year, central banks’ net gold purchases were about 860 tonnes, a decline of 20 per cent from the previous year, according to data from the World Gold Council, an industry body. This year, besides Turkey, known sellers include Russia, which disposed of 15 tonnes in January and February. Meanwhile, Poland’s central bank chief recently proposed selling bullion to raise funds for defence, although the government has opposed the plan. Some content could not load. Check your internet connection or browser settings. ![](https://images.ft.com/v3/image/raw/https%3A%2F%2Fpublic.flourish.studio%2Fvisualisation%2F27411964%2Fthumbnail%3FcacheBuster%3D991994?source=next-article&fit=scale-down&quality=highest&width=1020&dpr=1) Market participants say further sales this year could come from oil-importing countries hit by the energy crisis, such as India, or from Central Asian nations with significant gold reserves. Gold’s sharp decline last month, which belies its traditional status as a safe haven and inflation hedge, also reflects four weeks of outflows from gold exchange traded funds since the war began as some investors rushed to take profits on winning trades as the conflict in the Middle East erupted. The metal has fallen back to about $4,650 a troy ounce. A growing number of central banks are also choosing to repatriate their gold, including France, which last week said it had finished a years-long repatriation programme and no longer held any in the US. Recommended ![Close-up of one kilogram gold bars with "1 kg gold 999.9" stamped on the surface, showing their shiny, textured finish.](https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fimages.ft.com%2Fv3%2Fimage%2Fraw%2Fhttps%253A%252F%252Fd1e00ek4ebabms.cloudfront.net%252Fproduction%252Fe702d92c-a32c-4064-b97a-3dffcf2b0ea1.jpg%3Fsource%3Dnext-article%26fit%3Dscale-down%26quality%3Dhighest%26width%3D700%26dpr%3D1?source=next&fit=scale-down&dpr=2&width=240) Not all central banks are selling. The People’s Bank of China bought 160,000 troy ounces in March, its biggest reported purchase in more than a year, according to data released on Tuesday. Shaokai Fan, head of Asia Pacific at the World Gold Council, said China’s accelerated buying could reflect a desire to take advantage of lower prices. “We are seeing central banks take both sides in this movement of the gold price right now,” Fan said. “The interest in gold among central banks has increased in the last few months — but it cuts both ways.” Additional reporting by Cheng Leng and Raphael Minder ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Finance **Tags:** bullion, deepen, gold, sales, slump, Turkeys --- ### [Mohamed Salah Agrees Mega Deal With Al-Ittihad, Reports Say as Saudi Club Moves Closer to Landmark Signing](https://turkbusinessnews.com/2026/08/01/mohamed-salah-agrees-mega-deal-with-al-ittihad-reports-say-as-saudi-club-moves-closer-to-landmark-signing/) **Published:** August 1, 2026 **Author:** Samridhi Puri **Content:** It has been reported that Mohamed Salah, Egyptian international footballer, might finally complete his move to Saudi Arabian professional league side Al-Ittihad after coming to terms with the fundamentals of the contract that would put an end to speculations regarding his future after Liverpool FC. As per several reports, Al-Ittihad might become the final destination of the player who is aged 34 and is known for playing as a winger. As per the report published by OneFootball citing Sabah, Al-Ittihad has managed to get closer to the deal following its previous unsuccessful attempts. Salah became a free agent after leaving Liverpool at the conclusion of the 2025–26 season, prompting interest from clubs across Europe, Major League Soccer, and the Saudi Pro League. Turkish club Besiktas had also been linked with the Egyptian international, but club officials recently confirmed negotiations collapsed over financial differences, leaving the door open for rival suitors. If completed, the transfer would represent one of the Saudi Pro League’s highest-profile signings and reunite Salah with a league that has aggressively recruited elite international players in recent years. Al-Ittihad has long viewed the former Liverpool forward as a marquee target capable of strengthening both the club’s sporting ambitions and the league’s global profile. ![A person walks toward a soccer stadium field, carrying a duffel bag, as the tunnel doors frame the scene at sunset.](https://turkbusinessnews.com/wp-content/uploads/2026/08/69-1024x737.jpg "69 -")During his nine-year spell at Liverpool, Salah established himself as one of the club’s greatest players, scoring more than 250 goals and helping the Reds win the Premier League, UEFA Champions League, FA Cup, and League Cup. His achievements also made him one of the most decorated African footballers in European football. Neither Salah nor Al-Ittihad has officially confirmed the transfer. However, reports indicate an announcement could be made once the remaining contractual formalities and regulatory procedures are completed. Until then, the move remains subject to final approval despite growing confidence that the long-anticipated switch to Saudi Arabia is nearing completion ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** International **Tags:** mohamedsalah, saudiproleague --- ### [Report urges Türkiye to develop its own AI-era technopolitical doctrine](https://turkbusinessnews.com/2026/08/01/report-urges-turkiye-to-develop-its-own-ai-era-technopolitical-doctrine/) **Published:** August 1, 2026 **Author:** spsingh **Content:** Türkiye should develop its own technopolitical doctrine that combines strategic capability, secure artificial intelligence design and public legitimacy as AI reshapes global power, according to a report published Friday by the National Intelligence Academy (MIA). The report, titled “Technopolitical Order Debates in World Politics and Türkiye,” argues that artificial intelligence has evolved beyond a technological innovation into a strategic asset that influences state capacity, economic competitiveness, social trust and the balance of power in international politics. The publication comes as governments around the world compete to secure leadership in AI, semiconductor production, critical minerals, energy resources and data infrastructure, areas increasingly viewed as central to national security and geopolitical influence. In the report’s foreword, MIA President Prof. Dr. Talha Köse said future international competition would be shaped not only by AI technologies but also by advanced chips, critical minerals, energy supplies, data infrastructure and robotic systems that enable them. Köse said debates over technology policy are becoming the defining framework for global politics, economics and society, adding that Türkiye must become an active participant in the emerging technological order to avoid strategic surprises and capitalize on new opportunities. The report describes AI as one of the primary determinants of strategic capacity, arguing that competition now extends beyond technological superiority to include governments’ ability to make data-driven decisions, the growing influence of private technology companies over public life, the preservation of democratic legitimacy and the role of human agency in an increasingly automated environment. Researchers identify three major schools of thought shaping the emerging technopolitical order. The technorealist approach views AI primarily as a source of geopolitical and military advantage for states. The technopragmatist perspective emphasizes secure, reliable and governable AI systems. The technohumanist approach prioritizes human dignity, individual freedoms and social justice in technological development. Rather than adopting a single framework, the report argues that Türkiye should combine the strengths of all three approaches to build a balanced and realistic national strategy. According to the study, Türkiye already possesses several advantages, including experience gained through its defense industry, AI-assisted decision-making capabilities, operational expertise and accumulated data resources. Cooperation between public institutions and the private sector, along with a growing pool of qualified professionals, was also identified as a competitive asset. At the same time, the report points to structural challenges, including fragmented data governance, inconsistent standards among institutions, uneven data quality and the need for greater transparency and accountability. It says technological capabilities should be reinforced through stronger institutional governance. The report argues that Türkiye’s long-term position in the AI era will depend on developing an original technopolitical model that integrates strategic capacity, secure system design and social legitimacy within a single institutional framework. It also warns that treating AI solely as an instrument of technological superiority could reinforce new forms of global hierarchy. Instead, the report says Türkiye’s civilizational heritage and human-centered approach could enable it to offer an alternative governance model while evolving from a country that primarily adopts AI technologies into one that shapes its own doctrine and governance framework. Among its policy recommendations, the academy calls for strengthening Türkiye’s national AI infrastructure, improving data governance, expanding interdisciplinary education and increasing the country’s technopolitical diplomatic capacity. It also recommends adopting a risk-based AI governance model, establishing common standards across public institutions, reducing technological dependence on foreign suppliers, playing a more active role in international technology governance and transferring innovations developed in the defense sector into civilian applications. The report concludes that the technopolitical transformation driven by artificial intelligence extends far beyond technological advancement, affecting national strategy, economic resilience, social structures and international influence. It says Türkiye’s long-term strategic interests will depend on becoming one of the countries helping shape the emerging global AI order rather than simply adapting to it. The Daily Sabah Newsletter Keep up to date with what’s happening in Turkey, it’s region and the world. SIGN ME UP You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Technology **Tags:** AIera, develop, doctrine, Report, technopolitical, Türkiye, urges --- ### [Over 1,400 People Displaced in Sudan's North Kordofan as Insecurity Forces Fresh Exodus](https://turkbusinessnews.com/2026/08/01/over-1400-people-displaced-in-sudans-north-kordofan-as-insecurity-forces-fresh-exodus/) **Published:** August 1, 2026 **Author:** Samridhi Puri **Content:** As per the UN migration agency, 1,430 people were forced to flee from AI-Jamama in the Sodari locality after deteriorating security conditions forced residents to seek safety elsewhere. Most of the displaced have relocated to other areas within Sodari, while others have moved to locations west of the city of Bara. The United Nations migration agency said that one thousand four hundred thirty people had to leave their homes in Al-Jamama village in the locality. This happened because the situation with safety got really bad and the people who lived there had to go else to be safe. The United Nations migration agency is talking about the people from Al-Jamama village who were forced to leave. Humanitarian agencies warn that newly displaced families face increasingly difficult living conditions, with urgent needs for food, clean water, shelter, and healthcare as the conflict shows little sign of easing. North Kordofan has witnessed recurring population movements in recent months as clashes and insecurity spread across parts of the region. Aid organizations continue to monitor the situation while coordinating emergency assistance for affected communities. However, access to vulnerable populations remains challenging in several conflict-affected areas because of ongoing violence and logistical constraints. ![Aerial view of a desert refugee camp with hundreds of white tents arranged in neat rows, dirt roads, and several large tents and water tanks nearby.](https://turkbusinessnews.com/wp-content/uploads/2026/08/67-1024x737.jpg "67 -")Sudan has been engulfed in conflict since April 2023, triggering one of the world’s largest displacement crises. Millions of people have been forced from their homes, either relocating within the country or seeking refuge in neighboring states. International humanitarian organizations have repeatedly appealed for greater access to affected areas and increased global support to address mounting humanitarian needs. The IOM said it continues to track displacement across Sudan through its monitoring mechanisms to provide updated information for relief operations. The agency noted that the latest movement from Al-Jamama reflects the persistent volatility in North Kordofan, where civilians remain vulnerable to renewed outbreaks of violence. Humanitarian groups have urged all parties to ensure the protection of civilians and facilitate the safe delivery of emergency assistance to communities affected by the conflict. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** International **Tags:** northkordfan, Sudan --- ### [Egypt Launches Pilot Digital Visa System at Cairo Airport to Modernize Entry Procedures ](https://turkbusinessnews.com/2026/08/01/egypt-launches-pilot-digital-visa-system-at-cairo-airport-to-modernize-entry-procedures/) **Published:** August 1, 2026 **Author:** Samridhi Puri **Content:** The pilot version of a new electronic visa-on-arrival has been implemented in Egypt at Cairo International Airport, as Egypt has issued an electronic visa via QR code instead of a visa sticker. This step falls into the overall framework of the digitalisation of Egyptian border procedures. The pilot version started working on August 1. This is expected to help make the process of immigration easier and also cut down traffic at the entry counters in Egypt. People who are eligible for the e-visa will be able to apply for it through a website, smartphone application, or self-service terminal. Once approved, applicants receive a QR code that immigration officers scan upon arrival to verify entry authorisation electronically. Authorities said the system allows visitors to apply for a visa up to 48 hours before arrival, either individually or through licensed travel agencies. Visa and service fees are paid electronically, eliminating the need for cash transactions during the application process. Officials believe the platform will shorten processing times, improve operational efficiency, and provide a smoother arrival experience for tourists. ![Man at an airport using a smartphone with a QR code, near a self-checkin/scan gate.](https://turkbusinessnews.com/wp-content/uploads/2026/08/65-1024x737.png "65 -")The pilot programme forms the first stage of a nationwide rollout that will eventually extend to other Egyptian airports. While the digital option becomes available, existing visa procedures will continue during the transition period to ensure uninterrupted travel services. The government says the project is part of ongoing efforts to strengthen Egypt’s tourism sector by introducing smart technologies across airports and immigration services. The tourist visa fee remains $30, while the digital service includes an additional processing charge. Officials also confirmed that current entry arrangements for Sharm El Sheikh and South Sinai remain unchanged, including the free entry permit available to eligible visitors for short stays. By replacing paper-based visa stickers with electronic verification, Egypt aims to enhance security, speed up border clearance, and align its airport operations with international digital travel standards. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** International **Tags:** digitalvisasystem, Egypt --- ### [Wink Expands Its Creative Toolkit With AI Enhancement and Video Cleanup](https://turkbusinessnews.com/2026/07/31/wink-expands-its-creative-toolkit-with-ai-enhancement-and-video-cleanup/) **Published:** July 31, 2026 **Author:** News Desk **Excerpt:** SAN FRANCISCO — Wink, one of the AI-powered product brands belonging to Meitu, today announced the expansion of its creative toolkit, bringing together AI video enhancement, AI image enhancement, video editing, and content cleanup into a connected workflow that helps users improve… **Content:** SAN FRANCISCO — [**Wink**](https://wink.ai/), one of the AI-powered product brands belonging to **Meitu**, today announced the expansion of its creative toolkit, bringing together AI video enhancement, AI image enhancement, video editing, and content cleanup into a connected workflow that helps users improve and prepare visual content for publishing. Instead of switching between multiple editing applications, users can enhance photos and videos, refine their edits, and remove unwanted visual elements within a single platform. Designed for creators, small businesses, ecommerce sellers, marketers, and everyday users, Wink makes it easier to improve low-quality visuals without requiring professional editing experience. Whether the goal is restoring an old family memory, preparing product visuals for an online store, or polishing content for social media, the platform combines practical AI tools that simplify the journey from raw footage to a polished final result. **Improving the Quality of Everyday Visual Content** Many of the videos and photos people want to share are less than ideal. Mobile footage may be blurry, noisy, compressed, or recorded in poor lighting. Older images often lose detail over time, while social media platforms can further reduce image and video quality after upload. Users frequently find themselves moving between several tools just to improve one piece of content. Wink addresses these everyday challenges with AI-powered enhancement technology that helps restore clarity while keeping the editing process simple and accessible. Its video enhancement capabilities help improve footage affected by low resolution, blur, compression, image noise, poor lighting, and soft detail. The result is cleaner, more polished video that is better suited for short form content, product demonstrations, travel clips, talking head videos, lifestyle content, and personal memories. The platform also includes an AI **Image Enhancer** that helps improve blurry, compressed, low light, and low resolution photos. From portraits and travel photography to e-commerce product images and social media posts, users can enhance image quality while maintaining a consistent visual standard across both photos and video. **One Workflow for Enhancement and Editing** Wink is positioned as more than an enhancement tool. After improving visual quality, users can continue refining their projects using the platform’s integrated video editing capabilities. Rather than exporting files into different applications, users can trim clips, organize footage, refine their presentation, and prepare content for publishing within the same workflow. This connected approach helps users spend less time managing software and more time creating content. Existing videos and images can also be refreshed and repurposed instead of being recreated from the beginning, giving older assets a second life. **Cleaning Up Content Before Publishing** As part of the final editing stage, Wink also includes practical cleanup features such as its AI removal tool. Users can remove unwanted watermarks, outdated logos, subtitles, date stamps, text overlays, and other distracting visual elements from content they own or are authorized to edit. By combining enhancement, editing, and cleanup into one streamlined workflow, Wink reduces the need to rely on multiple specialized tools while making advanced editing more accessible to users with varying levels of experience. *“Visual content often needs more than a single edit before it is ready to publish. With Wink, users can improve quality, refine their videos, and clean up unwanted elements through a more connected creative workflow.”* **About Wink** Wink is an AI-powered video and photo enhancement platform that helps users improve, edit, and clean up visual content through a simple, connected workflow. The platform combines AI video enhancement, image enhancement, video editing, and practical watermark remover tools to help creators, businesses, and everyday users produce higher quality visual content with less effort. **About Meitu** Meitu is a technology company driven by a passion for beauty and powered by artificial intelligence. It is dedicated to creating world-class imaging products that make image, video, and design creation simple and efficient. Its growing portfolio includes Meitu, Wink, DesignKit, Kaipai, BeautyCam, Kumoo, RoboNeo, WHEE, ZCOOL, and other AI-powered creative products that help creators, businesses, and consumers produce high-quality visual content more efficiently. ***Syndication Notice:** This press release is syndicated from the [original source](https://www.globenewswire.com/news-release/2026/07/31/3336843/0/en/wink-expands-its-creative-toolkit-with-ai-enhancement-and-video-cleanup.html?_gl=1*1ceo8c4*_up*MQ..*_ga*OTQ1MzU2MTEuMTc4NTUwODUxOQ..*_ga_B6167QB2TF*czE3ODU1MDg1MTgkbzEkZzAkdDE3ODU1MDg1MTgkajYwJGwwJGg0MjcwOTM2NTA.*_ga_ERWPGTJ5X8*czE3ODU1MDg1MTgkbzEkZzAkdDE3ODU1MDg1MTgkajYwJGwwJGgw) for informational purposes. We do not claim ownership of the content. All copyrights, trademarks, images, and other intellectual property remain the property of their respective owners.* The post [Wink Expands Its Creative Toolkit With AI Enhancement and Video Cleanup](https://menawirenow.com/2026/07/wink-expands-its-creative-toolkit-with-ai-enhancement-and-video-cleanup/) first appeared on [MENAWireNOW](https://menawirenow.com). **Publishing Source::** [menawirenow.com](https://menawirenow.com/2026/07/wink-expands-its-creative-toolkit-with-ai-enhancement-and-video-cleanup/?utm_source=rss&utm_medium=rss&utm_campaign=wink-expands-its-creative-toolkit-with-ai-enhancement-and-video-cleanup) ![author avatar](https://secure.gravatar.com/avatar/4e3a45e03c0bce69b866fb10b522d054c74b2afa03adaeb29a3148d4aadd366e?s=300&d=mm&r=g) News Desk [See Full Bio](https://turkbusinessnews.com/author/news-desk/) [ ](https://turkbusinessnews.com/author/news-desk/) **Categories:** Press Release --- ### [US Federal Reserve holds rates steady as 3 policymakers back hike](https://turkbusinessnews.com/2026/07/31/us-federal-reserve-holds-rates-steady-as-3-policymakers-back-hike/) **Published:** July 31, 2026 **Author:** spsingh **Content:** The US Federal Reserve kept its benchmark interest rate unchanged Wednesday as three policymakers voted in favor of a quarter-point increase. The Federal Open Market Committee maintained the federal funds rate target range between 3.5% and 3.75% in a 9-3 vote. Beth Hammack, Neel Kashkari and Lorie Logan opposed keeping the rate unchanged, preferring to raise the target range 25 basis points at the meeting. The Fed said economic activity continued to expand at a solid pace despite heightened uncertainty partly stemming from the war in the Middle East. Productivity growth and capital investment remained strong, while job gains kept pace with labor force growth and the unemployment rate changed little, it added. The central bank said inflation remained above its 2% target, partly due to supply shocks that pushed up prices in some sectors, including energy. The Fed also said it would continue its policy of maintaining ample reserves in the banking system. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Business **Tags:** Federal, hike, holds, policymakers, rates, Reserve, steady --- ### [Historic launch from KIZILELMA](https://turkbusinessnews.com/2026/07/31/historic-launch-from-kizilelma/) **Published:** July 31, 2026 **Author:** spsingh **Content:** The Bayraktar KIZILELMA unmanned combat aircraft, one of the best examples of its kind worldwide, continues to be equipped with highly advanced features. In the test conducted recently, TEBER-82 and TOLUN ammunition were successfully fired from the internal weapons bays. Defense Industry Expert Ahmet Alemdar, in answering this question, first draws a general framework. He says that internal weapons bays are one of the distinguishing features of 5th generation combat aircraft and new generation unmanned combat aerial vehicles. More precisely, this capability is one of the most important differences separating new generation aerial vehicles from existing 4th generation platforms. Carrying ammunition or other payloads on the wings of an aircraft is almost a standard practice. Consequently, every element outside the aircraft brings with it the disadvantage of being more visible to the adversary. Not only that. Every external load increases drag and negatively affects flight performance in terms of range, speed, and other factors. Alemdar points out that when the ammunition is placed inside the fuselage, the platform’s radar cross-section decreases. “In this test firing, BAYKAR not only demonstrated the technology of special coating paint or aerodynamic design. At the same time, a critical combat capability was applied with all of these. In other words, a combat structure that adversary radars could detect later was demonstrated,” he says. “THE NUMBER OF COUNTRIES THAT WANT TO BUY KIZILELMA IS QUITE HIGH” Ahmet Alemdar also underlines that there is a special pylon system developed by ASELSAN for firing from KIZILELMA’s internal bays. He shares the information that thanks to this, not 1 but 4 munitions can be carried on a single pylon. The fact that these munitions can be armor-piercing, concrete-piercing, or capable of electronic warfare is one of the most critical points of the matter. It’s no secret that the Turkish defense industry is a ‘golden key’ in Ankara’s foreign policy. Alemdar indicates that KIZILELMA’s potential export story will also take shape this way. And he concludes his words as follows: “KIZILELMA has become even more strategic with its internal multi-pylon system. As it will be remembered, signatures were made for its sale to Indonesia. Thus, it went down in history as ‘the world’s first unmanned combat aircraft sale.’ Many countries are interested in Türkiye’s pet project. In fact, as reflected in the public, there are quite a few requests to partner with the project. BAYKAR will first make this project, developed with its own resources, available to the Turkish Armed Forces, and then to Türkiye’s strategic friends and allies.” ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** National **Tags:** historic, KIZILELMA, launch --- ### [Moscow must adopt ‘active defense’ against sanctions, Medvedev says](https://turkbusinessnews.com/2026/07/31/moscow-must-adopt-active-defense-against-sanctions-medvedev-says/) **Published:** July 31, 2026 **Author:** spsingh **Content:** Russian Security Council Deputy Chairman Dmitry Medvedev said Friday that Moscow should pursue an “active defense” against Western sanctions rather than “just sitting in a trench.” Speaking at a meeting on countering Western sanctions against Russian companies, Medvedev said the sanctions regime had become increasingly comprehensive and systemic since 2014. “A number of illegal measures are being used, not just a number, but a huge number of them, such as asset freezes, so-called sectoral bans, and export restrictions,” he said in remarks posted on the Russian social media company Max. Medvedev argued that sanctions had failed to cripple Russia’s economy but acknowledged that “it certainly creates difficulties.” He accused the European Union of leading the sanctions campaign, saying the US, Japan, Canada and Australia had also undermined the interests of Russian businesses as part of what he described as an effort to inflict a “strategic defeat” on Moscow. Medvedev said such attempts were “doomed to failure” but required a stronger response. “I would like to emphasize that we should be talking specifically about active defense,” he said. “It’s not just about sitting in a trench and, so to speak, firing back, but about active defense. Here we need to think about what tools to use in the future.” He said Russia should continue challenging sanctions through the courts and domestic legal measures while adopting a more systematic approach to protecting the country’s interests and expanding its influence abroad. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** International **Tags:** active, adopt, defense, Medvedev, Moscow, sanctions --- ### [Financing the next generation of green growth and prosperity in Turkey](https://turkbusinessnews.com/2026/07/31/financing-the-next-generation-of-green-growth-and-prosperity-in-turkey/) **Published:** July 31, 2026 **Author:** spsingh **Content:** Turkey is particularly vulnerable to the impacts of climate change. Average temperatures are rising, precipitation amounts are decreasing, and climate-related hazards, such as floods and droughts, are becoming more common. These shifts hinder agricultural yields, endanger food security and threaten the safety and welfare of hundreds of thousands of people in Turkey. Recent announcements from Turkey’s leadership indicate ambitious plans to mitigate the adverse impacts of climate change, strengthen adaptation and resilience, and address several environmental priorities. Turkey ratified the Paris Agreement on climate in October 2021 and renamed the Ministry of Environment, Urbanization and Climate Change, affirming its commitment to climate action and long-term greener growth. This will drive increased demand for green finance and a stronger role in climate action for the private sector in the future. Given its unique role in mobilizing and directing investments, the financial sector can and should step up its role in mobilizing capital for climate action. A new World Bank Technical Note, Unlocking Green Finance in Turkey, provides an in-depth analysis of global developments in green finance and potential options for unlocking investments in priority areas of climate action in Turkey. Download the report here ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Finance **Tags:** financing, generation, Green, growth, prosperity, Turkey --- ### [Migrant Surge Near Spain’s Ceuta Border Leaves Nine Dead as Clashes and Arson Erupt](https://turkbusinessnews.com/2026/07/31/migrant-surge-near-spains-ceuta-border-leaves-nine-dead-as-clashes-and-arson-erupt/) **Published:** July 31, 2026 **Author:** Samridhi Puri **Content:** In an unfortunate turn of events, what started out as a massive wave of migrants near the Spanish outpost of Ceuta has taken a dark turn as several people have lost their lives during the night. It was said that nine people at least lost their lives, and the riots that erupted as a result of crossing the border resulted in a number of cars catching on fire. This unfortunate event happened in the city of Fnideq in Morocco, which lies opposite Ceuta, where the migrants gathered in large numbers despite having strict border controls. Some migrants even tried other ways to cross into EU territory since the official crossing points had been closed to them. The situation quickly escalated into chaos as confrontations broke out with Moroccan security forces. According to Spanish authorities, military personnel and additional police units were deployed to Ceuta after the sudden influx overwhelmed local resources. Officials in the autonomous city confirmed that nine bodies had been recovered, while emergency teams continued search and rescue operations along the coastline. The exact circumstances surrounding each death remain under investigation. ![Aerial view of a crowded pebble beach with many people gathered, emergency vehicles parked along the shore, and rescue boats approaching from calm blue sea.](https://turkbusinessnews.com/wp-content/uploads/2026/07/63-1024x737.jpg "63 -")Television reports in Spain estimated that between 2,000 and 3,000 migrants managed to reach Ceuta before security measures tightened. Many of those who failed to cross remained near the shoreline, hoping to find another way into the enclave. During the disorder, a bus and seven other vehicles were set on fire, adding to the tense atmosphere in the border region. Ceuta, together with the nearby Spanish enclave of Melilla, forms the European Union’s only land border with Africa and has long been a focal point for irregular migration. The territory has periodically witnessed mass crossing attempts by migrants seeking access to Europe, prompting repeated cooperation between Spanish and Moroccan authorities on border management. Spanish Prime Minister Pedro Sánchez condemned the violence and attributed the tragedy to criminal smuggling networks that exploit vulnerable migrants by encouraging dangerous crossings. Officials from both Spain and Morocco said coordination efforts would continue to restore order, strengthen border security and address the humanitarian challenges created by one of the region’s most significant migration incidents in recent years. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** International **Tags:** ceutaborder, Spain --- ### [Naguib Sawiris Rejects Iran FM’s Claim Linking Damietta Port Fire to Israel](https://turkbusinessnews.com/2026/07/31/naguib-sawiris-rejects-iran-fms-claim-linking-damietta-port-fire-to-israel/) **Published:** July 31, 2026 **Author:** Samridhi Puri **Content:** Naguib Sawiris, the Egyptian businessman, has ignored statements by Iran’s foreign minister, Abbas Araghchi, who alleged that the drone attack that caused two ships to catch fire in Egypt’s Damietta Port was part of an attempt to sabotage peace talks in the region. After this statement, Sawiris reacted through the use of social media in which he contested the claims made by the Iranian diplomat about efforts to sabotage diplomacy following the port fire at the Mediterranean coast. The Egyptian businessman rejected the efforts to claim that the fire was the result of Israeli actions based on mere allegations without any factual evidence. The debate emerged after Egyptian authorities confirmed that a drone strike caused fires aboard two vessels at Damietta Port. Officials said emergency teams quickly contained the blaze and stressed that the incident did not affect the country’s energy supplies or port operations. The government also launched an investigation to determine the circumstances surrounding the attack. Araghchi had earlier alleged that Israel was attempting to create instability and obstruct diplomatic initiatives in the region, linking the Damietta incident to broader geopolitical tensions. His remarks came amid heightened security concerns across the Middle East following a series of attacks targeting energy infrastructure and maritime assets. ![Large cargo ship with blackened hull undergoing firefighting at a busy port; firefighters spray water from a fireboat while officials in hard hats review documents nearby, with cranes and shipping containers in the background.](https://turkbusinessnews.com/wp-content/uploads/2026/07/60-1024x737.png "60 -")Sawiris, one of Egypt’s most prominent business figures, challenged that narrative, saying conclusions should not be drawn before official investigations are completed. His comments quickly gained attention online, prompting debate among social media users over responsibility for the attack and the wider regional implications. The incident has unfolded against a backdrop of increased military and diplomatic tensions involving Iran, Israel and several Arab states. Regional governments have repeatedly called for restraint, warning that further escalation could threaten maritime security, commercial shipping, and economic stability. Egypt has not publicly attributed responsibility for the drone strike and continues to investigate the attack. Authorities have reiterated that port activities remain operational while emphasizing the importance of relying on official findings as the inquiry progresses. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** International **Tags:** Iran, naguibsawiris --- ### [Türkiye, Moldova push to strengthen trade, defense, tech ties](https://turkbusinessnews.com/2026/07/31/turkiye-moldova-push-to-strengthen-trade-defense-tech-ties/) **Published:** July 31, 2026 **Author:** spsingh **Content:** Türkiye and Moldova discussed measures to deepen economic and strategic cooperation, including in trade, defense technologies and investment, Trade Minister Ömer Bolat said on Thursday. Bolat met Moldovan Deputy Prime Minister and Minister of Economic Development and Digitalization Eugen Osmochescu and Defense Minister Anatolie Nosatii at the Trade Ministry in Ankara. The Moldovan officials visited Türkiye for the first Türkiye-Moldova Defense Industry Cooperation Meeting. During the talks, the sides reviewed steps to accelerate bilateral trade, expand strategic partnerships in the defense industry and technology sectors, and increase mutual investments, Bolat said on Turkish social media platform NSosyal. Türkiye is determined to advance its economic and strategic cooperation with Moldova through a shared vision and strong political will, he added. Bolat described Moldova as a friend and strategic partner, saying the two countries would continue carrying their long-standing relations into the future through concrete steps. The Daily Sabah Newsletter Keep up to date with what’s happening in Turkey, it’s region and the world. SIGN ME UP You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Technology **Tags:** defense, Moldova, push, Strengthen, tech, ties, trade, Türkiye --- ### [AC Milan Pays Emotional Tribute to Franco Baresi, Calling Club Icon ‘Forever’ After His Death at 66](https://turkbusinessnews.com/2026/07/31/ac-milan-pays-emotional-tribute-to-franco-baresi-calling-club-icon-forever-after-his-death-at-66/) **Published:** July 31, 2026 **Author:** Samridhi Puri **Content:** A deeply heartfelt tribute to the iconic captain and honorary vice president of AC Milan, Franco Baresi, who has passed away at 66, has been paid by the Italian football club, which refers to the defender in question as a person who left behind a legacy that is likely to be associated with the club eternally. “The announcement of his death has been like losing the heart and soul of Milan,” the club’s statement released on Friday reads. “May all of you players, workers, and fans take inspiration from everything that he has always represented, from his leadership, his character, and his lifelong devotion to our colors. Baresi is forever.” Baresi is widely regarded as one of the greatest defenders in football history and one of the most influential figures ever to wear the Milan shirt. He spent his entire professional career with the club, making more than 700 appearances across two decades, captaining the side for 15 seasons and helping deliver six Serie A titles along with three European Cups. After retiring in 1997, Milan permanently retired his iconic No. 6 jersey in recognition of his extraordinary contribution. ![Memorial bouquet of red and white flowers on the sideline as thousands in red and black fill the stadium in tribute.](https://turkbusinessnews.com/wp-content/uploads/2026/07/59-1024x737.png "59 -")The club also reflected on Baresi’s final public appearance earlier this year during the opening ceremony of the Milano Cortina Winter Olympics, where he participated as a torchbearer before a packed San Siro stadium. Milan described the moment as a lasting image of one of its greatest ambassadors. Baresi had undergone surgery in 2025 after doctors discovered a pulmonary nodule and later received specialist treatment during his recovery. Although the club had recently dismissed false reports about his death, it confirmed on Friday that the football icon had passed away, prompting tributes from across Italy and the wider football community. Messages of remembrance quickly poured in from former teammates, rival clubs, and public figures, many highlighting Baresi’s loyalty, humility, and influence on the game. For AC Milan supporters, the club said, his achievements extend beyond trophies, ensuring his memory will remain part of the Rossoneri’s history forever. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** Sports **Tags:** ACMilan, francobaresi --- ### [Health Monitor Network Earns 11 Awards in 2026 National Health Information Awards Program](https://turkbusinessnews.com/2026/07/30/health-monitor-network-earns-11-awards-in-2026-national-health-information-awards-program/) **Published:** July 30, 2026 **Author:** News Desk **Excerpt:** Point of care media leader recognized across oncology, cardiology, neurology, and nephrology for excellence in consumer health education Montvale, NJ — Health Monitor Network, the leading point of care media company creating patient and healthcare provider education content, today announced… **Content:** **Point of care media leader recognized across oncology, cardiology, neurology, and nephrology for excellence in consumer health education** Montvale, NJ — Health Monitor Network, the leading point of care media company creating patient and healthcare provider education content, today announced it has won 11 awards in the 33rd annual National Health Information Awards℠, the nation’s most respected program recognizing excellence in consumer health information. The awards span multiple therapeutic areas—a reflection of Health Monitor’s reach across the conditions that matter most to patients and the clinicians who treat them. All content is developed in-house and guided by a board of physician key opinion leaders from top-tier academic institutions, ensuring every piece of education is both clinically accurate and genuinely useful at the moment patients need it most. “We’re honored to be recognized across so many categories in this year’s National Health Information Awards,” said Alanna Fincke, Chief Content Officer at Health Monitor. “This recognition reflects our team’s relentless focus on turning complex health information into content people can actually use—and it reaffirms why point of care education remains one of the most powerful tools for helping patients make informed decisions about their health.” The awards program is coordinated by the Health Information Resource Center, a national clearinghouse for consumer health information programs and materials. About Health Monitor Network For over 40 years, Health Monitor has been a nationally recognized, targeted healthcare marketing platform for the Pharma/OTC industry. Our in-house, award-winning content studio creates bespoke healthcare education that fosters more productive patient-physician dialogues at every point of care—we call it #TheHealthMonitorDifference. We have the largest proprietary physician office network in the industry, reaching over 250,000 offices and 450,000+ healthcare professionals through omnichannel educational products. Health Monitor develops premium point of care content that empowers patients and HCPs with trusted information to achieve better health outcomes while delivering measurable ROI for brands. Learn more at healthmonitornetwork.com and follow us on LinkedIn, X, YouTube and Instagram. ***Syndication Notice:** This press release is syndicated from the [original source](https://www.globenewswire.com/news-release/2026/07/30/3336194/0/en/health-monitor-network-earns-11-awards-in-2026-national-health-information-awards-program.html?_gl=1*cbhnnh*_up*MQ..*_ga*NDM5Mjk1MjYuMTc4NTQyNDk5OQ..*_ga_B6167QB2TF*czE3ODU0MjQ5OTkkbzEkZzAkdDE3ODU0MjQ5OTkkajYwJGwwJGg4ODg4MjIxOTY.*_ga_ERWPGTJ5X8*czE3ODU0MjQ5OTkkbzEkZzAkdDE3ODU0MjQ5OTkkajYwJGwwJGgw) for informational purposes. We do not claim ownership of the content. All copyrights, trademarks, images, and other intellectual property remain the property of their respective owners.* The post [Health Monitor Network Earns 11 Awards in 2026 National Health Information Awards Program](https://menawirenow.com/2026/07/health-monitor-network-earns-11-awards-in-2026/) first appeared on [MENAWireNOW](https://menawirenow.com). **Publishing Source::** [menawirenow.com](https://menawirenow.com/2026/07/health-monitor-network-earns-11-awards-in-2026/?utm_source=rss&utm_medium=rss&utm_campaign=health-monitor-network-earns-11-awards-in-2026) ![author avatar](https://secure.gravatar.com/avatar/4e3a45e03c0bce69b866fb10b522d054c74b2afa03adaeb29a3148d4aadd366e?s=300&d=mm&r=g) News Desk [See Full Bio](https://turkbusinessnews.com/author/news-desk/) [ ](https://turkbusinessnews.com/author/news-desk/) **Categories:** Press Release --- ### [Everybody wants to do more with Canada, except US, Carney says about trade relations](https://turkbusinessnews.com/2026/07/30/everybody-wants-to-do-more-with-canada-except-us-carney-says-about-trade-relations/) **Published:** July 30, 2026 **Author:** spsingh **Content:** Prime Minister Mark Carney on Wednesday defended his government’s approach to trade negotiations with the US, saying Canada remains in a “strong position” as Ottawa works toward a “more stable” trading relationship with Washington. Asked about concessions, including the Gordie Howe Bridge revenue split, digital services tax changes and streaming funding rules, Carney pointed to the economic benefits of keeping the trade infrastructure and cross-border commerce moving. Carney said the $6.5 billion cost of the bridge represents less than 5% of the economic activity it supports, arguing that the agreement allows Canada to reinvest in the region. Turning to broader trade relations, Carney said Canada continues to have more than 80% of its trade with the US tariff-free and is seeking a more stable arrangement with Washington. “We’re engaged with discussions, working to have a more permanent or more stable is a better way to put it … but a more stable relationship, trading relationship with the US that addresses issues in some of our largest industries, and that recognizes the new US approach to trade,” he said. Carney said Canada is entering negotiations from a position of strength, pointing job growth, foreign investment and efforts to diversify its trade relationships. “We are stronger than when it started,” he said. “Everybody wants to do more with Canada, except the United States.” He added that Ottawa is “on track to have free trade access to 3 billion consumers.” When asked about the additional US tariffs that are taking effect in August, Carney said US and Canadian officials are currently in talks in Washington. “We’re only going to accept a solution that works for Canadians. We have lots of options of what we would do if that’s not there, both positive in terms of supporting the economy and also addressing other issues,” he noted. Last week, Washington announced additional 50% tariffs on certain Canadian goods, covering products from wine to hockey sticks to cement, according to the White House. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Business **Tags:** Canada, Carney, relations, trade --- ### [Türkiye targets FIBA Basketball World Cup 2027 qualification: Federation chief](https://turkbusinessnews.com/2026/07/30/turkiye-targets-fiba-basketball-world-cup-2027-qualification-federation-chief/) **Published:** July 30, 2026 **Author:** spsingh **Content:** Turkish Basketball Federation President Hidayet Turkoglu said Türkiye’s top priority is to secure qualification for the 2027 FIBA Basketball World Cup in Qatar following the national team’s recent successes. Speaking to Anadolu, Turkoglu said the Turkish men’s national team’s unbeaten 6-0 campaign in the first round of the FIBA Basketball World Cup 2027 European Qualifiers was a significant achievement. Turkoglu said the team’s performances showed that anything is possible in tournament basketball and expressed confidence in the squad. He praised the team’s chemistry and said players competing in the NBA, EuroLeague and Turkish League were eager to join the national team once their club seasons ended. “I believe we will begin preparing for our games in August with a strong and complete squad. They have earned their place here through their performances and fighting spirit, and I expect us to be at full strength in August,” he added. Turkoglu also said Turkish clubs have represented the country successfully in European competitions and backed their participation in the proposed NBA Europe project. “Our clubs have represented Turkish basketball in the best possible way over the past eight years. Having a Turkish club involved in the NBA Europe project is also very important for us. It also means a great deal to us to have our clubs competing in FIBA competitions and representing our country. I wish all of our clubs the best of luck,” he said. Turkoglu also called on basketball fans to support the Turkish women’s national team at the 2026 FIBA Women’s Basketball World Cup, which will be held in Berlin, Germany, on Sept. 4-13. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** National **Tags:** Basketball, chief, Cup, Federation, FIBA, qualification, targets, Türkiye, World --- ### [Trump ‘exasperated’ on Iran with officials lacking consensus on strategy: Report](https://turkbusinessnews.com/2026/07/30/trump-exasperated-on-iran-with-officials-lacking-consensus-on-strategy-report/) **Published:** July 30, 2026 **Author:** spsingh **Content:** US President Donald Trump is “exasperated” by stalled efforts to end the Iran conflict and disagreements among his top military advisers, according to a media report on Wednesday. A US official said Trump’s frustration stems from divisions over how to handle the war, which began with joint US-Israeli airstrikes on Feb. 28 that killed Ayatollah Ali Khamenei and later escalated into Iranian retaliation, the closure of the Strait of Hormuz and a stalemate. “After all this time, there is no unity,” the official said. “We have had a series of tactical victories, but are facing a strategic defeat without clear policy guidance or a decision about where this is going.” The source also claimed Trump had “erupted” during a national security meeting and shouted expletives at advisers. White House Press Secretary Karoline Leavitt denied the account, saying: “This is false. The president has a great team whom he trusts, and everyone on the team knows he’s the final decision-maker.” She added: “The president is not going to stand by as they break the (memorandum of understanding), kill our soldiers and fire at our ships in the strait. So until that behavior changes, his behavior will not change. He’s locked and loaded to keep punishing Iran.” Chief Pentagon spokesperson Sean Parnell echoed that message, saying the Department of Defense was “locked and loaded, ready to execute the president’s directives at a moment’s notice.” ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** International **Tags:** consensus, exasperated, Iran, lacking, officials, Report, Strategy, Trump --- ### [Turkey's finance minister Lütfi Elvan replaced by his deputy](https://turkbusinessnews.com/2026/07/30/turkeys-finance-minister-lutfi-elvan-replaced-by-his-deputy/) **Published:** July 30, 2026 **Author:** spsingh **Content:** Duvar English Turkey’s Treasury and Finance Minister Lütfi Elvan was replaced by his deputy Nureddin Nebati on Dec. 2. Earlier rumors have said that Elvan might soon resign from his post as he drew the condemnation of President Recep Tayyip Erdoğan over his remarks on tackling inflation. AKP officials were quoted as saying that Erdoğan got mad at Elvan’s remarks. Erdoğan last month addressed his ruling Justice and Development Party (AKP) members in parliament, saying that he can’t walk alongside those defending interest rates. “Interest rates are the cause and inflation is the result. Our friends who defend interest rates should not be offended, but I can’t walk together with those defending interest rates,” Erdoğan said. “What’s happening to our friends?” Erdoğan asked, in remarks which AKP officials said were pointing to Elvan. While all of the AKP lawmakers were seen on cameras applauding Erdoğan over his speech, it was just Elvan who did not applaud the president. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Finance **Tags:** deputy, Elvan, Finance, Lütfi, minister, replaced, Turkeys --- ### [Saudi Prince Dismisses Viral Threat Over Kingdom's Iraq Airstrikes as "Empty Noise."](https://turkbusinessnews.com/2026/07/30/saudi-prince-dismisses-viral-threat-over-kingdoms-iraq-airstrikes-as-empty-noise/) **Published:** July 30, 2026 **Author:** Samridhi Puri **Content:** A prominent member of Saudi Arabia’s royal family has publicly brushed off a social media post accusing the Kingdom of “brutality” over its role in joint airstrikes against Iran-backed militias in Iraq, calling the accompanying threats laughable rather than credible. Prince Abdulrahman bin Musaed, known for his frequent and outspoken commentary on X, responded Wednesday to a post by an account identified as Fadi Boudaya, which claimed Saudi forces had bombed Popular Mobilization Forces (PMF) sites in Amirli and a guest facility in Karbala. The post described the strikes as unwarranted aggression demanding a “decisive response” and warned that Saudi Arabia had entered “a war whose consequences it does not know.” ![Nighttime cityscape with several bright rocket launches streaking upward and leaving smoke trails over the urban horizon at night, with a tall lit radio tower on the right.](https://turkbusinessnews.com/wp-content/uploads/2026/07/57-1024x737.jpg "57 -") In his reply, Prince Abdulrahman said Riyadh’s action was a legitimate answer to a drone attack carried out by a militia operating outside the control of the Iraqi state, adding that he found the warning more amusing than alarming and urging the account’s owner to “find something else to occupy himself with.” The exchange unfolded hours after Saudi Arabia and the United States carried out predawn strikes across seven Iraqi provinces—including Baghdad, Karbala, Nineveh, Basra, Kirkuk, Wasit, and Diyala—targeting PMF facilities linked to Iran-aligned factions. The PMF reported at least 20 fighters killed and 32 wounded, while Iraqi officials, including President Nizar Amidi, condemned the operation as a violation of Iraqi sovereignty. It marked the first time Saudi Arabia has publicly claimed a strike inside Iraq since its war with Iran began earlier this year. Riyadh has said the operation, conducted jointly with US forces, followed repeated drone attacks aimed at its Eastern Province oil facilities, which it intercepted earlier in the week. Saudi officials maintain the Kingdom is not seeking to widen the conflict but will respond to continued aggression from Iran-backed groups. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** National **Tags:** saudiarabia, viralthreatoverkingdom --- ### [Riyadh Airport Shuts Runway for Six Hours Amid Reports of Explosions, No Cause Confirmed](https://turkbusinessnews.com/2026/07/30/riyadh-airport-shuts-runway-for-six-hours-amid-reports-of-explosions-no-cause-confirmed/) **Published:** July 30, 2026 **Author:** Samridhi Puri **Content:** One of the runways at King Khalid International Airport in Riyadh had been closed down for six hours overnight on Wednesday, following an aviation notice, amid unconfirmed explosions in the vicinity of the Saudi capital. As per an aviation notice, runway 15L/33R at the airport, which has an aviation code of OERK, was to be kept closed from 9:00 pm UTC on July 29 to 3:00 am UTC on July 30. There was no reason mentioned in the notice for the closure, nor have the Saudi authorities made any link between the explosions reported in the area and the runway closure. The precise source of any blasts near Riyadh remained unverified, with no confirmation attributing them to Iran, Iraqi militias or Yemen’s Houthi movement. ![Nighttime airport scene: ground crew in reflective vests near barriers along a taxiway with parked planes and a distant control tower at night.](https://turkbusinessnews.com/wp-content/uploads/2026/07/53-1024x737.jpg "53 -")The closure came against the backdrop of the kingdom’s most turbulent security stretch in months. Two days earlier, Saudi Arabia’s defense ministry said it had intercepted and destroyed several drones targeting oil facilities in Riyadh and the Eastern Province, blaming Iran-backed armed groups operating from Iraqi territory. Hours before the runway closure, Saudi and US warplanes struck Iran-aligned militia positions across seven Iraqi provinces, marking the first time Riyadh had publicly claimed a strike inside Iraq since the outbreak of the wider US-Iran war earlier this year. Iran, in turn, fired missiles at a US base in Jordan on the same day. King Khalid International, Riyadh’s main gateway for domestic and international traffic, has continued operating throughout the conflict even as neighboring airports have faced disruption; four civilian airports in the kingdom’s south were closed for days earlier in July after a Houthi missile and drone barrage. Even brief runway suspensions at a hub as busy as King Khalid can trigger delays, diversions and aircraft holding patterns while authorities assess whether it is safe to resume normal operations. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** National **Tags:** riyadhairport, runwayshutdown --- ### [Türkiye’s defense industry key to NATO deterrence, says aerospace CEO - Latest News](https://turkbusinessnews.com/2026/07/30/turkiyes-defense-industry-key-to-nato-deterrence-says-aerospace-ceo-latest-news/) **Published:** July 30, 2026 **Author:** spsingh **Content:** LONDON NATO’s deterrence increasingly depends on industrial capacity, resilient supply chains and joint technology development alongside military strength, Turkish Aerospace Industries (TUSAŞ) CEO Mehmet Demiroğlu has said. Demiroğlu spoke at a July 27 panel at Chatham House in London titled “Perspectives from Ankara: The security and defence implications of the NATO Summit.” The event examined the alliance’s changing security needs, defense investment and cooperation among member states’ industries. Describing the emerging approach as “NATO 3.0,” Demiroğlu said defense spending should be assessed not only by the size of national budgets but also by the capabilities developed to address specific threats. Under this model, sustainable production, technological superiority and joint industrial projects have become key elements of collective deterrence, he said. “Türkiye is making a strategic contribution to NATO’s future security architecture,” Demiroğlu said, citing the country’s technology development capacity, engineering expertise and defense industry ecosystem. He said TUSAŞ supports this role through domestically developed platforms, engineering infrastructure and production capacity, adding that Türkiye now supplies systems not only for its own defense needs but also for friendly and allied countries. “We want to see a stronger NATO with contributions from both sides of the Atlantic,” he said, stressing the importance of deeper transatlantic cooperation. Demiroğlu cited Spain’s HÜRJET program as an example of Türkiye’s growing role in the European and NATO defense ecosystem. Spain has contracted for 30 aircraft under an integrated combat training program led by Airbus in cooperation with Turkish Aerospace. The Spanish version of the aircraft will be designated SAETA II. HÜRJET can be adapted to different user requirements and NATO standards, Demiroğlu said, adding that cost-effective systems capable of rapid production and adjustment to operational needs were gaining importance alongside advanced platforms. KAAN, ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Technology **Tags:** aerospace, CEO, defense, deterrence, industry, key, Latest, NATO, News, Türkiyes --- ### [Long Hours of TV Watching Linked to Brain Changes Tied to Dementia Risk, Study Finds](https://turkbusinessnews.com/2026/07/30/long-hours-of-tv-watching-linked-to-brain-changes-tied-to-dementia-risk-study-finds/) **Published:** July 30, 2026 **Author:** Samridhi Puri **Content:** Watching television for a time over many years might be linked to changes in the shape of the brain. These changes could make it more likely for someone to have problems with thinking and memory as they get older. This is what new research says.It appears to have a much stronger impact on males than females These results were published in the journal Alzheimer’s & Dementia. This study employed data collected over 24 years from 1,712 people. These participants were 53 years old at the beginning of the study. The research was part of an initiative called Atherosclerosis Risk in Communities. At the beginning, the people said how often they watched television when they were not working. They also told how much time they spent sitting at their jobs. 20 years later, they had scans of their brains so scientists could check how the brains were doing. ![Older woman sits on a gray couch at home, holding a remote while a tiger appears on the large TV screen in a cozy living room.](https://turkbusinessnews.com/wp-content/uploads/2026/07/51-1024x737.jpg "51 -")Participants who reported heavy television viewing showed smaller volumes in brain regions associated with early markers of Alzheimer’s disease, along with a greater presence of white matter hyperintensities—both signs linked to elevated dementia risk. They also had reduced volume in frontal and posterior brain regions responsible for planning, decision-making, and visual processing. By contrast, long hours of sitting at work were not tied to the same changes; participants whose jobs required mental engagement while seated retained comparatively better brain health, suggesting the type of activity during sedentary time matters more than its duration. Researchers noted mentally stimulating pursuits—reading, problem-solving, writing, and hands-on tasks—may strengthen “cognitive reserve,” the brain’s capacity to withstand ageing and disease-related changes. However, they cautioned the study is observational and relied on self-reported data, meaning it cannot establish direct causation. Because no baseline MRI scans were taken before the 20-year follow-up, it also remains unclear whether the brain changes developed during that period or predated the study. The team recommended limiting continuous TV viewing, taking regular breaks and pursuing brain-stimulating activities ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** Other **Tags:** brainhealth, health --- ### [Arab Currencies Edge Lower Against Egyptian Pound in Latest Banking Update](https://turkbusinessnews.com/2026/07/30/arab-currencies-edge-lower-against-egyptian-pound-in-latest-banking-update/) **Published:** July 30, 2026 **Author:** Samridhi Puri **Content:** This week the value of Arab currency declined against the Egyptian pound’s trading. As per the latest exchange rate published by the National Bank of Egypt. According to exchange figures, major currencies of the Gulf region are the Kuwaiti dinar, Saudi riyal, UAE dirham, Qatari riyal, and Jordanian dinar. The exchange rates of these currencies saw slight changes. As per the experts, routine fluctuations in Egypt’s foreign exchange market continue as banks adjust rates in line with market conditions. Among the listed currencies, the Kuwaiti dinar remained the highest-valued Arab currency. The National Bank of Egypt quoted the currency at EGP 159.82 for buying and EGP 164.82 for selling. The Saudi riyal, one of the most widely traded foreign currencies. in Egypt due to travel for Umrah and Hajj as well as commercial activity, was priced at EGP 13.45 for buying and EGP 13.51 for selling. Meanwhile, the UAE dirham stood at EGP 13.77 for buying and EGP 13.81 for selling. ![Stacks of colorful banknotes arranged on a counter, including 500 and 100 denominations.](https://turkbusinessnews.com/wp-content/uploads/2026/07/50-1024x737.jpg "50 -")The Qatari riyal was quoted at EGP 12.85 for buying and EGP 13.92 for selling, while the Jordanian dinar reached EGP 70.61 for buying and EGP 71.68 for selling, according to the bank’s latest update. Exchange rates for Gulf currencies are closely monitored in Egypt because of strong economic ties with the region. Millions of Egyptians work across Gulf Cooperation Council (GCC) countries, making currencies such as the Saudi riyal and UAE dirham important for remittances. Seasonal demand for the Saudi riyal also typically rises during the Hajj and Umrah periods, while the UAE dirham benefits from robust trade and investment links between Egypt and the United Arab Emirates. Currency values are updated regularly by banks and may change throughout the trading day in response to market movements. Financial analysts advise individuals and businesses involved in foreign exchange transactions to monitor official bank rates before completing currency exchanges. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** Finance **Tags:** arabcurrencies, egyptcurrency --- ### [LUXEED Signs Partnership with Omeir Bin Youssef Group, Officially Enters the Middle East and Kicks Off Global Expansion](https://turkbusinessnews.com/2026/07/29/luxeed-signs-partnership-with-omeir-bin-youssef-group-officially-enters-the-middle-east-and-kicks-off-global-expansion/) **Published:** July 29, 2026 **Author:** News Desk **Excerpt:** WUHU, China — LUXEED and UAE-based enterprise Omeir Bin Youssef Group held an official distribution agreement signing ceremony on July 28. Zhu Yingjun, Executive Deputy General Manager of LUXEED International Business Division, and Abdulla Bin Omeir, Chief Executive Officer of… **Content:** WUHU, China — LUXEED and UAE-based enterprise Omeir Bin Youssef Group held an official distribution agreement signing ceremony on July 28. Zhu Yingjun, Executive Deputy General Manager of LUXEED International Business Division, and Abdulla Bin Omeir, Chief Executive Officer of Omeir Bin Youssef Group, signed the cooperation agreement, which represents LUXEED’s first overseas dealer partnership, constituting an important milestone in the brand’s global development. As the premium intelligent new energy brand under Chery Group, LUXEED targets the global high-end new energy vehicle market. Centered on extreme driving pleasure, beyond-class enjoyment, and ultimate intelligence, the brand develops forward-looking intelligent premium mobility experiences for consumers worldwide. LUXEED has fully rolled out its systematic overseas strategy, designating 2026 as its inaugural year for global expansion. Pursuing a phased, region-focused development roadmap, the brand adopts a phased, region-specific rollout plan. It aims to establish marketing and service infrastructure in key overseas regions by 2027 and gradually build comprehensive global operational capabilities. Founded in 1956, Omeir Bin Youssef Group is a well-established private family-owned diversified conglomerate based in Abu Dhabi. With more than seven decades of local market experience, the Group has built comprehensive automotive sales channels and after-sales service networks. It boasts extensive connections with government and enterprise clients and possesses mature capabilities in passenger vehicle market operation. This strategic cooperation marks a pivotal starting point of LUXEED’s global journey. Under the joint plan, three brand showrooms will be constructed across Abu Dhabi within the next three years to achieve full regional coverage. A pop-up boutique showroom at Marina Mall will launch vehicle sales at an early stage, while LUXEED’s 3S flagship showroom of the Middle East is scheduled to open by the end of 2026. Moving forward, LUXEED will further accelerate the implementation of its international strategy. Relying on superior product strength as the core and a global service system as support, the brand will showcase the technological strengths and brand value of premium intelligent new energy vehicles to markets around the globe, steadily advancing its layout in the global high-end mobility sector. For more information: LUXEED International Brand Department Ms. Wu Yi Email: luxeed@luxeedinternational.com ***Syndication Notice:** This press release is syndicated from the [original source](https://www.globenewswire.com/news-release/2026/07/29/3335425/0/en/luxeed-signs-partnership-with-omeir-bin-youssef-group-officially-enters-the-middle-east-and-kicks-off-global-expansion.html?_gl=1*rsuj3f*_up*MQ..*_ga*MTE4NTAzOTMzLjE3ODUzMzg3ODc.*_ga_B6167QB2TF*czE3ODUzMzg3ODYkbzEkZzAkdDE3ODUzMzg3ODYkajYwJGwwJGgxMzc0MDM5ODI3*_ga_ERWPGTJ5X8*czE3ODUzMzg3ODckbzEkZzAkdDE3ODUzMzg3ODckajYwJGwwJGgw) for informational purposes. We do not claim ownership of the content. All copyrights, trademarks, images, and other intellectual property remain the property of their respective owners.* The post [LUXEED Signs Partnership with Omeir Bin Youssef Group, Officially Enters the Middle East and Kicks Off Global Expansion](https://menawirenow.com/2026/07/luxeed-signs-partnership-with-omeir-bin-youssef-group/) first appeared on [MENAWireNOW](https://menawirenow.com). **Publishing Source::** [menawirenow.com](https://menawirenow.com/2026/07/luxeed-signs-partnership-with-omeir-bin-youssef-group/?utm_source=rss&utm_medium=rss&utm_campaign=luxeed-signs-partnership-with-omeir-bin-youssef-group) ![author avatar](https://secure.gravatar.com/avatar/4e3a45e03c0bce69b866fb10b522d054c74b2afa03adaeb29a3148d4aadd366e?s=300&d=mm&r=g) News Desk [See Full Bio](https://turkbusinessnews.com/author/news-desk/) [ ](https://turkbusinessnews.com/author/news-desk/) **Categories:** Press Release --- ### [Apple hits $5T market value for first time](https://turkbusinessnews.com/2026/07/29/apple-hits-5t-market-value-for-first-time/) **Published:** July 29, 2026 **Author:** spsingh **Content:** Apple’s market capitalization briefly hit $5 trillion for the first time Tuesday, a day after the iPhone maker surpassed Nvidia to become the world’s most valuable publicly traded company. Apple shares rose to an intraday record of $342.89 before trimming gains. The stock has advanced about 25% since the beginning of the year. Nvidia, which became the first company to reach a $5 trillion valuation in October, has gained about 6% this year. The chip firm closed at a record $5.7 trillion on May 14, but it has since lost about $1 trillion in valuation. Apple is due to announce its quarterly financial results Thursday. The company also introduced a leasing program called Upgrade on Tuesday, allowing customers in the US to lease iPhones and other products rather than purchase them outright. The program starts at $17.99 per month and will be offered through Apple’s retail stores and online store in partnership with Klarna. Leasing options will also cover Apple Watch, Mac and iPad products. Apple raised prices on MacBooks and iPads last month as higher memory and storage costs increased pressure on device prices. Thursday’s earnings call is expected to be Tim Cook’s last as chief executive. John Ternus is set to take the helm Sept. 1. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Business **Tags:** Apple, hits, market, time --- ### [Türkiye showcases International Astronautical Congress to foreign diplomats ahead of Antalya gathering](https://turkbusinessnews.com/2026/07/29/turkiye-showcases-international-astronautical-congress-to-foreign-diplomats-ahead-of-antalya-gathering/) **Published:** July 29, 2026 **Author:** spsingh **Content:** Türkiye on Tuesday presented this year’s International Astronautical Congress (IAC) to ambassadors and foreign mission representatives ahead of the world’s largest annual space gathering, which the country will host in the Mediterranean resort city of Antalya in October. The congress, organized annually by the International Astronautical Federation (IAF), will take place on Oct. 5-9 at the Antalya NEST Congress Center under the coordination of Türkiye’s Industry and Technology Ministry, hosted by the Turkish Space Agency (TUA) and co-hosted by SAHA Istanbul. Speaking at a promotional reception in Ankara, Industry and Technology Minister Mehmet Fatih Kacir said the event would provide a platform for governments, researchers, industry leaders, and international organizations to strengthen cooperation in the space sector. “We want IAC 2026 to open new channels of dialogue, connect scientific communities, foster new industrial partnerships and inspire the young people who will shape the future of space,” Kacir said. He said the global space economy has surpassed $600 billion and is projected to approach $1.8 trillion by 2035, making investment in space increasingly important for innovation, economic competitiveness and technological development. Kacir described the congress as one of the world’s leading forums for the space community and said hosting the event reflects Türkiye’s ambition to play a larger role in the global space sector. He said this year’s theme, “The World Needs More Space,” highlights the need to expand access to space opportunities and strengthen international cooperation in the peaceful exploration and use of outer space. “At a time of growing geopolitical fragmentation, space remains one of the few fields where countries with different priorities can still work together, exchange knowledge and build common ground,” he said. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** National **Tags:** ahead, Antalya, Astronautical, Congress, diplomats, foreign, gathering, international, showcases, Türkiye --- ### [UN chief says Cyprus leaders agree to prepare for expanded informal talks](https://turkbusinessnews.com/2026/07/29/un-chief-says-cyprus-leaders-agree-to-prepare-for-expanded-informal-talks/) **Published:** July 29, 2026 **Author:** spsingh **Content:** UN Secretary-General Antonio Guterres said Wednesday that he had secured the agreement of both Cypriot leaders and the three guarantor powers to move toward a 5+1 meeting, but stressed that further confidence-building, methodological and substantive preparations were needed before it could take place. “I have the consensus of both sides and the guarantors to move into a 5+1 meeting,” he said. Guterres said the meeting would require adequate preparation on confidence building, methodology and substance, stressing that he did not want “more 5+1 meetings without results.” The 5+1 format brings together the Turkish Cypriot and Greek Cypriot sides, guarantor powers Türkiye, Greece and the UK, and the UN. Guterres also reiterated the UN’s commitment to supporting Cyprus, saying: “The United Nations cannot impose peace (in Cyprus), but let me be very clear, the United Nations remains fully committed to supporting the people of Cyprus in this crucial moment for the island and wider region.” He said reaching a settlement in Cyprus was “absolutely crucial,” not only for safeguarding the interests and peace of the Cypriot people but also as “a factor of stability in what is becoming a dangerously instable region.” Guterres said he was encouraged by the work of the Committee on Missing Persons and the activities of the technical committees. He also expressed confidence in the continued support of the three guarantor countries, Türkiye, Greece, and the UK. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** International **Tags:** agree, chief, Cyprus, expanded, informal, leaders, prepare, talks --- ### [Turkey's Finance Minister Nebati goes to London to meet investors](https://turkbusinessnews.com/2026/07/29/turkeys-finance-minister-nebati-goes-to-london-to-meet-investors/) **Published:** July 29, 2026 **Author:** spsingh **Content:** Nureddin Nebati is due to meet foreign investors and executives in London on his first international trip since taking the helm of Turkey’s Treasury and Finance Ministry. Nebati will discuss the latest developments with investors and outline Turkey’s new economic path based on low interest rates, according to reports in the Turkish media. President Recep Tayyip Erdoğan has been endorsing a model based on lower borrowing costs, which he says will boost production, employment and exports, and also eventually help Turkey to solve the chronic current account deficit problem and contribute to stabilizing the Turkish lira. To support the drive, Turkey’s central bank has slashed its interest rates by 500 basis points since September to 14%, before pausing the easing cycle last month. The lira had weakened 44% last year and hit a record low of 18.4 against the United States dollar in late December but rebounded after Erdoğan’s announcement of a scheme to boost lira deposits by protecting them against depreciation. The scheme aims to encourage foreign currency holders to convert their funds to lira and keep their savings in Turkish money, compensating depositors for any losses due to lira depreciation. The initiative had helped the lira rally sharply to just over 10 and then settle at current levels just under 14 to the dollar. The currency has held steady in 2022 and was flat at 13.5505 at 8:30 a.m. GMT on Monday. The facility has attracted more than TL 290 billion ($21 billion) so far, Mehmet Ali Akben, the head of the Banking Regulation and Supervision Agency (BDDK), said last Thursday, up from some TL 200 billion in late January. “Turkey is attracting much interest, especially after we unveiled the ‘Turkey Economy Model’ and the currency stabilized in a short period of two months,” Nebati told Japan’s Nikkei last week. Nebati was appointed in December after his predecessor Lütfi Elvan stepped down. He will hold two separate meetings in London, set to be organized by London-based Dome Group, according to private broadcaster Bloomberg HT. “We will tell our determination that there is no turning back from this policy, and we have no rate hike in our agenda,” Nebati said ahead of the investor meetings. “We will make sure they will hear this from the highest relevant authority. We will explain what kind of an economy will be welcoming them here in a transparent fashion.” After London, Nebati said he will accompany Erdoğan to the United Arab Emirates (UAE), and from there will go to Jakarta for a G-20 meeting. “I will also visit Bahrain and London one more time,” he added. “In spring, I want to visit Japan, China and Singapore to wrap up a Europe, (Persian) Gulf, Far East tour.” The Daily Sabah Newsletter Keep up to date with what’s happening in Turkey, it’s region and the world. SIGN ME UP You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Finance **Tags:** Finance, investors, London, meet, minister, Nebati, Turkeys --- ### [Turkish electro-optical tech integrated into South Africa's Mwari aircraft](https://turkbusinessnews.com/2026/07/29/turkish-electro-optical-tech-integrated-into-south-africas-mwari-aircraft/) **Published:** July 29, 2026 **Author:** spsingh **Content:** An electro-optic reconnaissance, surveillance and targeting system developed by Türkiye’s state-run defense contractor Aselsan has been integrated into the South African-developed multi-role tactical aircraft Mwari, a report said Tuesday. That expands the Turkish company’s international footprint with ASELFLIR-500, a product the country developed indigenously following years of restrictions and embargoes on drone camera systems. The integration enhances the capabilities of the aircraft, developed by South Africa’s Paramount Aerospace Industries, in intelligence, surveillance and reconnaissance, as well as target detection, tracking and designation, Anadolu Agency (AA) said, citing information provided by Aselsan. Designed for both manned and unmanned aerial platforms, the ASELFLIR-500 combines a high-resolution mid-wave infrared camera, a daylight camera and a short-wave infrared imaging channel. The system also features laser rangefinding, laser target designation, automatic target tracking, precision stabilization and advanced image-processing capabilities. Weighing approximately 54 kilograms, its laser rangefinder and designator have an operational range of up to 35 kilometers (22 miles). Equipped with artificial intelligence-supported image processing, the ASELFLIR-500 enables long-range target detection and identification by processing imagery from multiple optical channels. Its four-axis gimbal and two-axis optical stabilization system minimizes the effects of aircraft maneuvering and vibration, allowing operators to maintain a stable view of targets during missions. The two-seat Mwari aircraft features an open architecture and plug-and-play integration approach, enabling it to be configured with a range of sensors, weapons and mission systems. It is designed for intelligence, surveillance and reconnaissance missions, border and coastal security, counterinsurgency, counterterrorism and precision-strike operations. Powered by a single turboprop engine, the aircraft can carry payloads of up to 1,000 kilograms (2,205 pounds) across six underwing hardpoints. It has a maximum cruise speed of about 230 knots, a service ceiling of 21,000 feet and a mission range of approximately 1,150 nautical miles. The integration combines Türkiye’s expertise in electro-optical systems with South Africa’s aircraft development capabilities and is expected to support Aselsan’s expansion into new export markets while enhancing the Mwari’s competitiveness in international sales campaigns. Aselsan began serial production of the ASELFLIR-500 in 2024. The system has since been integrated into multiple aerial platforms, including the world-renowned Turkish combat drones, including Bayraktar TB2 and Bayraktar TB3, and has been exported to more than 20 countries. The Daily Sabah Newsletter Keep up to date with what’s happening in Turkey, it’s region and the world. SIGN ME UP You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Technology **Tags:** Africas, aircraft, electrooptical, integrated, Mwari, South, tech, Turkish --- ### [Powerful Earthquake Damages Historic Kumamoto Castle as Stone Walls Collapse in Southern Japan](https://turkbusinessnews.com/2026/07/29/powerful-earthquake-damages-historic-kumamoto-castle-as-stone-walls-collapse-in-southern-japan/) **Published:** July 29, 2026 **Author:** Samridhi Puri **Content:** There is an earthquake in Japan’s Kumamoto Prefecture that has resulted in damage to the historic Kumamoto Castle, as some of its stone walls have come crashing down. This event has made people wonder about how safe historic places are in a country that has many earthquakes. The earthquake hit parts of southern Japan, causing checks of buildings and old monuments. While officials worked fast to find out how much damage the earthquake caused. Initial reports said the most affected place was Kumamoto Castle, whose old stone wall had fallen down after the earthquake. Kumamoto Castle is regarded as one of Japan’s most important feudal-era landmarks and has undergone extensive restoration since it sustained severe damage during the devastating 2016 Kumamoto earthquakes. Engineers and conservation experts have spent years reinforcing the structure while preserving its historical character, making the latest damage another setback for long-term restoration efforts. ![Emergency responders in orange uniforms and helmets sweeping debris from a cracked street next to a traditional wooden storefront after a quake, with a red fire truck in the background and concerned pedestrians nearby.](https://turkbusinessnews.com/wp-content/uploads/2026/07/48-1024x737.jpg "48 -")Emergency response teams inspected the castle grounds to determine whether additional structural risks remained. Authorities also monitored nearby public areas and transport networks to ensure public safety following the earthquake. No immediate reports of major casualties linked to the castle damage were released, although officials urged residents to remain alert for possible aftershocks. Japan lies along the Pacific Ring of Fire, where several tectonic plates converge, making the country highly susceptible to earthquakes. As a result, strict building regulations and sophisticated earthquake monitoring systems have helped reduce the impact of many seismic events. However, protecting centuries-old cultural monuments continues to present unique engineering challenges because many historic structures were built long before modern seismic standards were introduced. The latest earthquake serves as another reminder of the ongoing threat posed by seismic activity in Japan and the importance of balancing cultural preservation with disaster resilience. Authorities are expected to complete detailed structural assessments before determining the next phase of restoration work at Kumamoto Castle. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** International **Tags:** kumamaotocastle, southernjapan --- ### [Crown Prince Mohammed bin Salman Swears In Eight New Saudi Ambassadors in Jeddah](https://turkbusinessnews.com/2026/07/29/crown-prince-mohammed-bin-salman-swears-in-eight-new-saudi-ambassadors-in-jeddah/) **Published:** July 29, 2026 **Author:** Samridhi Puri **Content:** Eight newly appointed Saudi ambassadors took the oath in a ceremony conducted in Jeddah on Tuesday in front of Crown Prince Mohammed bin Salman. The oath ceremony was performed by King Salman. After performing the oath, the ambassadors were officially declared fit for their diplomatic positions. The eight new ambassadors of Saudi Arabia are for the newly assigned positions in South Asia, Africa, Europe, and Latin America. The envoys will represent Saudi Arabia in Pakistan, Senegal, Syria, Colombia, Sweden, Belgium, Niger and Denmark, with several also holding non-resident accreditation to neighboring states. Dr. Rajeh bin Tami Al-Buqami was sworn in as ambassador to Pakistan, while Dr. Turki bin Mohammed Al-Qahtani takes up the Senegal post, additionally covering Cape Verde, Guinea and Gambia on a non-resident basis. Ghazi bin Rafi Al-Anzi was confirmed as ambassador to Syria, a posting that comes as Riyadh continues to recalibrate its ties with Damascus following years of regional upheaval. ![Businessman in a white thobe and red-and-white keffiyeh signs documents at a wooden desk in a modern office.](https://turkbusinessnews.com/wp-content/uploads/2026/07/45-1024x737.jpg "45 -")Badr bin Saud Al-Traifi was appointed to Colombia, with added responsibility for Panama, while Aseel bint Sultan Al-Shuhail becomes ambassador to Sweden and non-resident envoy to Iceland—one of two women named in the latest diplomatic reshuffle. Abdulrahman bin Qulail Al-Khudaidi was sworn in for Belgium, also covering Luxembourg, and Ahmed Omar Al-Muhaili takes charge of the Niger mission. Rounding out the list, Mohammed bin Rashid Al-Hudaithi was appointed ambassador to Denmark, with non-resident accreditation to Lithuania. The appointments reflect a broader pattern in recent Saudi foreign policy: pairing resident postings with non-resident coverage of smaller or neighboring states, allowing the kingdom to extend diplomatic reach without proportionally expanding its embassy network. The ceremony took place under royal protocol, with the crown prince presiding in his capacity as prime minister. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** National **Tags:** eightnewsaudiambassador, jeddah --- ### [Saudi Arabia Strengthens Red Sea Oil Export Strategy as Houthi Threats Raise Security Concerns Around Bab al-Mandab](https://turkbusinessnews.com/2026/07/29/saudi-arabia-strengthens-red-sea-oil-export-strategy-as-houthi-threats-raise-security-concerns-around-bab-al-mandab/) **Published:** July 29, 2026 **Author:** Samridhi Puri **Content:** High safeguard security in Saudi Arabia in the red sea of crude oil exports after Yemen’s Houthi movement renewed threats against commercial shipping near the Bab al-Mandab Strait. The Red Sea connects with the Gulf region of Aden. The renewed warnings from the Iran-backed Houthi group have once again raised concerns about security along one of the world’s busiest energy shipping routes. Although commercial traffic through the area has begun to recover in recent weeks, ongoing regional tensions continue to pose risks for vessels operating off Yemen’s western coast. The Kingdom has increasingly relied on its East-West pipeline to transport crude from its eastern oil fields to the Red Sea export terminal at Yanbu, reducing dependence on the Strait of Hormuz during periods of heightened regional instability. However, any disruption in the Bab al-Mandab Strait could also affect shipments departing from Saudi Arabia’s Red Sea coast, adding another layer of risk for global energy markets. ![Gray military patrol boat sailing on calm blue water near a rocky desert coastline with a large tanker in the distance.](https://turkbusinessnews.com/wp-content/uploads/2026/07/44-1024x737.jpg "44 -")According to reports, the Houthis have declared that vessels linked to Saudi ports could become targets as part of an expanded maritime campaign. The group has also threatened to tighten its presence around Bab al-Mandab, a chokepoint that carries a significant share of global seaborne trade and energy supplies. Despite these developments, commercial traffic through the waterway has shown cautious improvement in recent days. Shipping analytics indicate that more cargo vessels have resumed transits, encouraged by ongoing diplomatic efforts aimed at reducing regional tensions. Several oil tankers carrying Saudi crude have successfully completed voyages through the area, although many operators continue to assess security conditions before entering the corridor. Energy analysts say continued instability around Bab al-Mandab could increase shipping costs, insurance premiums, and delivery times if more vessels are forced to reroute around southern Africa. Such disruptions would have implications not only for Gulf oil exporters but also for major importing economies across Asia that depend heavily on uninterrupted energy supplies. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** International **Tags:** hauthirebel, Redsea --- ### [Satellite Images Show Damage at Saudi Aramco Facilities Following Reported Houthi Attacks](https://turkbusinessnews.com/2026/07/29/satellite-images-show-damage-at-saudi-aramco-facilities-following-reported-houthi-attacks/) **Published:** July 29, 2026 **Author:** Samridhi Puri **Content:** The new satellite imagery has revealed that the energy facilities of Saudi Aramco have been destroyed by a drone and missile attack by Yemen’s Houthi movement. The attack has increased the risk to the kingdom’s energy infrastructure amid escalating regional tensions. Thermal data and commercial satellite images depicted the damaged parts of Aramco facilities in Jinzan and Yanbu, the most important hub on Saudi Arabia’s Red Sea coast. The attacks are the latest in a renewed cycle of hostilities that has expanded beyond Yemen and intensified concerns over the security of regional energy supplies. The Houthis said the operations targeted Saudi oil infrastructure in retaliation for coalition airstrikes on Houthi-controlled areas in Yemen. Saudi authorities have not released a detailed assessment of the reported damage, while Saudi Aramco has also not publicly commented on the satellite imagery. However, independent imagery reviewed by multiple organizations suggests visible burn marks and structural impacts at sections of the affected sites. ![Middle East Satellite Map](https://turkbusinessnews.com/wp-content/uploads/2026/07/42-1024x737.jpg "42 -")The attacks come at a particularly sensitive time for Saudi Arabia’s energy sector. In recent months, the Kingdom has increasingly relied on Red Sea export facilities, including Yanbu, as an alternative route for crude shipments amid continued uncertainty surrounding maritime traffic through the Strait of Hormuz. Any disruption to these installations could have broader implications for global oil markets and supply chains. The renewed strikes mark one of the most serious escalations between Saudi Arabia and the Iran-aligned Houthis since the collapse of a years-long period of relative calm. Following the attacks, Saudi-led forces launched airstrikes against Houthi positions in Yemen, signaling a return to direct military exchanges after the 2022 ceasefire largely held for several years. Energy analysts say the use of satellite imagery has become increasingly important in verifying the impact of attacks on critical infrastructure, particularly when official information remains limited. The latest images offer one of the clearest indications yet of the physical effects of the strikes, even as authorities continue to evaluate operational consequences. The developments underscore the vulnerability of strategic oil facilities to regional conflict and reinforce concerns that continued military escalation could threaten energy exports, maritime security, and stability across the Gulf and Red Sea regions. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** National **Tags:** satelliteimage, saudiaramco --- ### [Trump urges Fed to cut rates, says US should have world’s lowest borrowing costs](https://turkbusinessnews.com/2026/07/28/trump-urges-fed-to-cut-rates-says-us-should-have-worlds-lowest-borrowing-costs/) **Published:** July 28, 2026 **Author:** spsingh **Content:** US President Donald Trump renewed his call for the Federal Reserve to lower interest rates, arguing that the country should have the lowest borrowing costs in the world. “Rates should be lower,” Trump told reporters, claiming the US economy could grow at rates of 8%, 9%, 10% or even 12%. “We should have the lowest interest rate in the world, like it used to be 30 years ago,” he said, arguing that some countries benefit from lower borrowing costs despite relying heavily on the US economy. Trump also suggested that some members of the Federal Reserve Board were “very political,” adding that Fed Chair Kevin Warsh wanted to “do the right thing” but needed the consent of other policymakers. Warsh took the oath of office as Fed chair on May 22, succeeding Jerome Powell. Trump nominated him on March 4, while the Senate confirmed him as a Fed governor on May 12 and as chair on May 13. His term as chair runs through May 21, 2030, while his term as a member of the Fed board expires on Jan. 31, 2040. Trump repeatedly criticized Powell during his tenure for moving too slowly to reduce borrowing costs, accusing him of making politically motivated interest-rate decisions. He publicly called for Powell to resign and claimed that the Fed’s restrictive policy was holding back economic growth. Trump pointed to the latest inflation data as evidence that price pressures were easing, describing the report as “very good” and that costs were “going down rapidly.” US consumer prices fell 0.4% month-on-month in June, while annual inflation slowed to 3.5% from 4.2% in May. Core inflation, which excludes food and energy, eased to 2.6%. The Fed has kept its benchmark interest rate within a target range of 3.5%-3.75% since the beginning of the year. Its next monetary policy meeting is scheduled for July 28–29. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Business **Tags:** borrowing, costs, cut, Fed, lowest, rates, Trump, urges, worlds --- ### [Türkiye to host UNESCO World Heritage Committees 49th session in Istanbul in 2027](https://turkbusinessnews.com/2026/07/28/turkiye-to-host-unesco-world-heritage-committees-49th-session-in-istanbul-in-2027/) **Published:** July 28, 2026 **Author:** spsingh **Content:** Türkiye will host the 49th session of the UNESCO World Heritage Committee in Istanbul in 2027 after its bid was unanimously approved during the committee’s 48th session in Busan, South Korea, the Foreign Ministry said on Tuesday. In a statement, the ministry said the 49th session is scheduled to take place in Istanbul from June 27 to July 7, 2027. The ministry said Türkiye will continue contributing to international cooperation aimed at protecting cultural and natural heritage recognized as the common heritage of humanity. At the same session, Türkiye’s permanent delegate to UNESCO, Ambassador Mustafa Yurdakul, assumed the chairmanship of the 49th session. Meanwhile, sources said hosting the session and taking on the committee’s presidency will further strengthen Türkiye’s active role within UNESCO and enhance its visibility in the field of cultural diplomacy, while also providing an important opportunity to promote the country’s rich cultural and natural heritage internationally. Türkiye was elected to the UNESCO World Heritage Committee for the 2023-2027 term with a record number of votes. The country currently has 22 cultural and mixed heritage sites inscribed on the UNESCO World Heritage List. The UNESCO World Heritage Committee was established under the 1972 Convention Concerning the Protection of the World Cultural and Natural Heritage and serves as the convention’s decision-making body. Comprising 21 member states elected for four-year terms, the committee decides on new inscriptions to the World Heritage List, reviews the conservation status of listed sites, adopts decisions on the List of World Heritage in Danger, and determines the use of the World Heritage Fund. It also coordinates international cooperation to protect, promote and pass on to future generations cultural and natural sites recognised as having Outstanding Universal Value. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** National **Tags:** 49th, Committees, Heritage, host, Istanbul, session, Türkiye, UNESCO, World --- ### [Iran’s Foreign Minister Holds Talks With Saudi and Omani Counterparts on Regional Security, Hormuz Stability](https://turkbusinessnews.com/2026/07/28/irans-foreign-minister-holds-talks-with-saudi-and-omani-counterparts-on-regional-security-hormuz-stability/) **Published:** July 28, 2026 **Author:** Samridhi Puri **Content:** According to the official statements from the Iranian Foreign Ministry, Araghchi held talks with Saudi Foreign Minister Prince Faisal bin Farhan and Oman’s Foreign Minister Sayyid Badr Albusaidi. These talks touched upon the current political and security situation and issues regarding cooperation between the countries to prevent any further escalation. These contacts were made against the backdrop of increased attention of the world community to the Strait of Hormuz due to its importance for oil exports. Regional governments have intensified diplomatic engagement in recent weeks following security concerns affecting one of the world’s busiest maritime trade routes. Officials from Iran, Saudi Arabia, and Oman emphasized the importance of dialogue in addressing shared regional challenges and safeguarding maritime security. During his conversation with Prince Faisal, Araghchi reviewed bilateral relations alongside broader regional issues. The Saudi foreign minister stressed the importance of preserving regional stability through diplomatic engagement and cooperation, while both sides exchanged views on recent developments affecting Gulf security. ![Middle east news](https://turkbusinessnews.com/wp-content/uploads/2026/07/13-1-1024x737.jpg "13 -")In his call with Oman’s foreign minister, Araghchi discussed Muscat’s ongoing diplomatic efforts to promote dialogue among regional stakeholders. Oman has long played a mediation role in Middle East diplomacy and continues to support initiatives designed to reduce tensions and encourage peaceful solutions. Recent proposals involving regional cooperation on navigation and maritime safety in the Strait of Hormuz have highlighted Muscat’s continued engagement in regional diplomacy. The telephone consultations reflect continued communication between Gulf states and Iran as regional governments seek to prevent further instability through diplomatic channels. The latest exchanges also underscore the strategic importance of the Strait of Hormuz, through which a significant share of global oil shipments passes, making security cooperation a priority for countries across the region. The discussions form part of broader diplomatic contacts taking place across the Middle East as governments work to contain regional tensions while supporting initiatives aimed at maintaining stability, protecting international shipping routes, and encouraging continued political dialogue. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** International **Tags:** Iran, iranforeignminster --- ### [Poland joins EU initiative to build AI gigafactories](https://turkbusinessnews.com/2026/07/28/poland-joins-eu-initiative-to-build-ai-gigafactories/) **Published:** July 28, 2026 **Author:** spsingh **Content:** Poland has formally joined the EU’s initiative to build AI gigafactories after signing a joint procurement agreement with the European High Performance Computing Joint Undertaking, Polish broadcaster TVP World reported Tuesday. The agreement allows Poland to take part in the EU-wide procurement process for the planned AI facilities, Deputy Digital Affairs Minister Dariusz Standerski said. Poland is seeking to host a medium-scale AI gigafactory capable of supporting at least 75,000 AI accelerators. The government has allocated more than 400 million zlotys (about $106 million) for the project and is negotiating with private-sector partners that would build and operate the facility. The first EU procurement round is expected to select seven AI gigafactories, with contracts due to be signed in early 2027 and the facilities expected to begin operating in 2028. Standerski also said Poland is preparing a cooperation agreement with the Czech Republic and has received support from Lithuania, while discussions with other EU member states are ongoing. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** International **Tags:** build, gigafactories, initiative, Joins, Poland --- ### [RSF Leader Hemedti Announces Military Reshuffle Following Setbacks in Sudan’s Kordofan Region](https://turkbusinessnews.com/2026/07/28/rsf-leader-hemedti-announces-military-reshuffle-following-setbacks-in-sudans-kordofan-region/) **Published:** July 28, 2026 **Author:** Samridhi Puri **Content:** Mohamed Hamdan Dagalo, widely known as Hemedti, has announced a restructuring of the Rapid Support Forces (RSF) command after the paramilitary group suffered battlefield losses in Sudan’s Kordofan region, signaling an effort to reorganize its military operations as fighting with the Sudanese Armed Forces (SAF) continues. In a recorded address released by RSF-affiliated channels, Hemedti said new military appointments had been made to improve operational performance and strengthen the group’s command structure. The announcement follows weeks of intense clashes in Kordofan, where the Sudanese army has reported advances against RSF positions as both sides seek to gain strategic control of key territories. According to Hemedti, the changes are intended to increase combat readiness and enhance coordination among field commanders. The leadership reshuffle comes amid one of the most challenging phases for the RSF since the conflict erupted in April 2023. Military confrontations have intensified across several parts of Sudan, particularly in Kordofan and Darfur, where both rival forces continue to contest supply routes and population centers. The fighting has contributed to a worsening humanitarian crisis, displacing millions of civilians and disrupting access to essential services. ![Military personnel in camo work in a command center, studying a large map on a whiteboard and satellite screens displaying terrain data and routes.](https://turkbusinessnews.com/wp-content/uploads/2026/07/40-1024x737.jpg "40 -")During his remarks, Hemedti acknowledged recent military losses but insisted that the RSF remained capable of continuing its operations. He urged his fighters to remain united and described the command changes as part of a broader effort to adapt to developments on the battlefield. The Sudanese Armed Forces have not immediately responded to the RSF leader’s latest statements. International organizations and regional governments have repeatedly called for an immediate ceasefire and renewed negotiations to end the conflict, warning that continued hostilities are deepening humanitarian suffering and threatening regional stability. Despite several mediation efforts, fighting has persisted across multiple fronts, with neither side showing signs of securing a decisive military advantage. The latest leadership overhaul underscores the fluid nature of Sudan’s conflict, where battlefield developments continue to shape military strategies while diplomatic efforts to reach a political settlement remain stalled. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** International **Tags:** hemedti, kordofanregion --- ### [Former Finance, Energy Minister Albayrak publishes book on economy, energy](https://turkbusinessnews.com/2026/07/28/former-finance-energy-minister-albayrak-publishes-book-on-economy-energy/) **Published:** July 28, 2026 **Author:** spsingh **Content:** Former Finance and Energy Minister Berat Albayrak has published a book, set to go on sale soon, on Turkey’s economy, focusing in particular on the country’s economic independence. The book, titled “This Part Is Very Important! – Fully Independent Turkey from Energy to Economy,” is already available for preorders for TL 40 on the publisher Turkuvaz Kitap’s online stores as of Monday. Albayrak, who says in the description section of the book that Turkey has now successfully left behind the difficult part in its economic development, noted, “We will enter the most powerful period in the history of the country in terms of the economic and welfare level, even before we reach the year 2030. “Our process of becoming one of the most developed countries in the world in terms of per capita income, current account balance, employment and production will now begin,” he said. “With its great legacy from history, with its geopolitical and geostrategic location at the intersection of three continents – especially with its consolidated regional and global experience over the last 20 years – its strong leadership, its solid infrastructure and capacity built from transportation to the defense industry, from economy to energy, Turkey will be one of the most important countries ready to demonstrate this vision,” the description further read. The cover of Former Finance and Energy Minister Berat Albayrak’s book titled “This Part Is Very Important! – Fully Independent Turkey from Energy to Economy” is seen in this picture published by Turkuvaz Kitap on Mar. 7, 2022 Albayrak resigned from his post as the treasury and finance minister, which he had held for five years, in November 2020. At the time he also said that Turkey will soon reach its targets in the economy “just as it did in energy.” “I have no doubt about it,” he noted. Albayrak, who also served as energy minister, was appointed to lead Turkey’s Treasury and Finance Ministry in July 2018. He completed his master’s degree from New York’s Pace University in finance and holds a Ph.D. in the financing of renewable energy resources. As energy minister, Albayrak accomplished a great number of projects that aimed to reduce Turkey’s dependency on external resources, particularly with innovative solar and wind power projects that attracted foreign investment. Under his supervision, Turkey’s national energy and mining policy that relied on three principles – indigenization, predictability and security of supply – was prepared and introduced. Turkey also proactively resumed its exploration activities in the Black and Mediterranean seas and bought its first drilling ship during his tenure. ![](https://i.hizliresim.com/JN9LXf.png) The Daily Sabah Newsletter Keep up to date with what’s happening in Turkey, it’s region and the world. SIGN ME UP You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Finance **Tags:** Albayrak, book, economy, energy, Finance, minister, publishes --- ### [AI, tech programs top university choices - Türkiye News](https://turkbusinessnews.com/2026/07/28/ai-tech-programs-top-university-choices-turkiye-news/) **Published:** July 28, 2026 **Author:** spsingh **Content:** ANKARA This photo shows the entrance of Istanbul University in the Fatih district. Turkish candidates will prioritize artificial intelligence and digital technology programs when the national university placement period begins tomorrow, following centralized exam results. Students use their scores from the Higher Education Institutions Examination (YKS) —Türkiye’s nationwide university entrance exam taken annually by millions of high school graduates — to enter rapidly developing fields like AI engineering, cybersecurity, big data analytics, digital transformation electronics, electronics and automation, and air conditioning and refrigeration technologies. The Higher Education Board (YÖK) opened 81 informatics programs over three years, adding 16 this year, including history and AI, philosophy and AI, biotechnology and genetics, digital game technologies and mobile security technologies. Artificial Intelligence Policies Association (AIPA) Head Zafer Küçükşabanoğlu said AI automates routines and generates unprecedented professions. Türkiye can become a regional hub through its engineering infrastructure, startups and youth, he said. Citing the Industry and Technology Ministry’s National AI Action Plan, he said AI provides advantages for doctors, lawyers, teachers, journalists, diplomats, finance experts and public administrators. AI’s link to space technologies, climate change and work-life requires sociologists, psychologists and behavioral scientists, while lawyers, political scientists, international relations experts and public administrators must ensure safe AI development, he said. He advised pursuing international certificates, open-source projects and internships to boost project experience, AI use, languages and adaptability. Software Developers Federation of Türkiye (TÜYAFED) Chairman Mustafa Çalış said AI transforms health, defense, finance, agriculture, production and education, placing youth in strategic roles for 10 to 20 years. Banks, defense, automotive firms, healthcare, energy and public institutions seek experts, he said. Machine learning, cybersecurity, robotics, autonomous systems, data science, big data analytics, AI-supported software, cloud computing, health, defense technologies, FinTech and smart production systems will stand out, he said. Success requires math, foreign languages, analytical thinking and continuous learning, Çalış said. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Technology **Tags:** choices, News, Programs, tech, Top, Türkiye, university --- ### [Turkish central bank chief says deterioration in inflation expectations remains limited despite geopolitical backdrop](https://turkbusinessnews.com/2026/07/27/turkish-central-bank-chief-says-deterioration-in-inflation-expectations-remains-limited-despite-geopolitical-backdrop/) **Published:** July 27, 2026 **Author:** spsingh **Content:** Turkish Central Bank Governor Fatih Karahan said Wednesday that inflation expectations and the slowdown in demand will shape the inflation outlook in the coming period. “The deterioration in inflation expectations remained limited despite the geopolitical backdrop,” Karahan said during a presentation titled “Inflation and Macroeconomic Outlook” in London. Karahan said food and energy inflation, which rose due to supply shocks, could ease as geopolitical tensions subside, while slowing demand and declining inertia support disinflation in durable goods and services. He noted that the weakening in demand is expected to improve pricing behavior, while higher energy prices have increased Türkiye’s import bill. However, slower domestic demand has limited pressure on the current account balance, he said. Karahan also said exports have remained resilient, partly due to demand being partially redirected. On the risk of renewed dollarization, Karahan said demand for Turkish lira assets remains strong, supported by tight monetary policy, macroprudential tools and strong foreign exchange reserves. “Residents’ demand for Turkish lira remains robust, and foreign exchange reserves are strong,” he said. Karahan said short-term inflation dynamics are being shaped by supply developments in food and energy, easing inertia in services and the slowdown in demand. Food inflation remains volatile and has recently followed an elevated course, he said, while declining inertia in rent and education items has supported disinflation. He added that the decline in household inflation expectations has become more widespread, while economic activity has slowed and the capacity utilization rate remains weak. Karahan said indicators such as retail sales volume and total card spending point to a slowdown in economic activity, while loan growth has also decelerated. On the current account outlook, Karahan said the foreign trade deficit narrowed in the second quarter, while the impact of geopolitical developments on tourism has remained limited. He said the current account deficit remains moderate compared with its historical average, while households’ demand for foreign currency has stayed limited. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Business **Tags:** backdrop, Bank, central, chief, deterioration, expectations, geopolitical, inflation, limited, remains, Turkish --- ### [Turkish sports minister congratulates womens national volleyball team over its championship](https://turkbusinessnews.com/2026/07/27/turkish-sports-minister-congratulates-womens-national-volleyball-team-over-its-championship/) **Published:** July 27, 2026 **Author:** spsingh **Content:** Turkish Youth and Sports Minister Osman Aşkın Bak on Sunday congratulated Türkiye’s women’s national volleyball team after it defeated Brazil 3-1 in the 2026 FIVB Volleyball Nations League final to claim the title. “They truly achieved something remarkable. They delivered a consistent performance. They gained the upper hand over their opponents and advanced through the quarterfinals, semifinals and final. They made our nation proud, and we thank them,” Bak told Anadolu. Bak said they had made a difficult journey to watch the match at the venue. “We came through a very challenging route to make it to today’s match. There was a storm, and there was a possibility that the plane would not be able to land, but we made it. We witnessed such a wonderful championship,” he said. Noting that President Recep Tayyip Erdoğan had also followed the match, Bak said: “As soon as the match ended, our president called. He congratulated each of our athletes individually. He watched the match himself and follows the team closely.” “There have been major investments in sports. It makes us proud to see such achievements as a result of those investments. One leg of this season was held in Ankara, where our national team won all four matches. The arena was completely full, and we also congratulate our supporters. The European Championship lies ahead, and we believe they will also accomplish very good things there. We truly have an excellent generation,” he added. Bak also congratulated national team player Melissa Vargas on being named the tournament’s most valuable player. “We congratulate Melissa Vargas on being selected as the MVP. Winning a championship is a beautiful thing, and so is winning. It is also very special to have the Turkish national anthem played for the whole world,” he said. “We congratulate all our athletes, our federation president and his team, our head coach, the technical staff and everyone who contributed. Bringing joy to our nation is important. Our people have strong national feelings, and everyone becomes excited when such results are achieved. Everyone watched the match on television. May this championship be a gift to our nation. Defeating Brazil 3-1 in the final was also very important. We are proud of our athletes. “Major investments are being made in sports and sports facilities. It is also very important that our president comes from a sporting background and follows sports closely. We also thank our sponsors for their strong support for Turkish sports. May this championship bring pride and joy to our nation,” he added. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** National **Tags:** championship, congratulates, minister, National, sports, Team, Turkish, volleyball, womens --- ### [Thea Energy Expands Magnet Manufacturing Lines with $20 Million ARPA-E SCALEUP Program Award](https://turkbusinessnews.com/2026/07/27/thea-energy-expands-magnet-manufacturing-lines-with-20-million-arpa-e-scaleup-program-award/) **Published:** July 27, 2026 **Author:** News Desk **Excerpt:** The Company is establishing the first domestic production lines of modular HTS magnets KEARNY, N.J. — Thea Energy, Inc., a technology company advancing the stellarator for the commercialization of an abundant source of baseload fusion power, today announced the U.S. Department… **Content:** *The Company is establishing the first domestic production lines of modular HTS magnets* KEARNY, N.J. — Thea Energy, Inc., a technology company advancing the stellarator for the commercialization of an abundant source of baseload fusion power, today announced the U.S. Department of Energy’s (DOE) Advanced Research Projects Agency – Energy (ARPA-E) has recently selected the Company for a $20 million award as part of the Seeding Critical Advances for Leading Energy technologies with Untapped Potential (SCALEUP) program. With this funding, Thea Energy is scaling its manufacturing and test capabilities to support the first domestic production line of modular high-temperature superconducting (HTS) magnets. The Company’s core magnet technologies are being actively scaled across the fusion landscape as well as adjacent technology sectors that utilize compact, efficient, high-performance HTS magnet systems. Over the past two years, Thea Energy has developed its foundational HTS magnet technologies. The Company has also validated the performance of these magnets and the manufacturing technologies that prime them for high-volume, efficient production. “Our magnets are designed to be mass manufactured and in just a couple of years, we’ve iterated these coils over a hundred times, finalized the design, and derisked this core technology, positioning us for this next phase – manufacturing scale up,” said Brian Berzin, Co-founder and Chief Executive Officer of Thea Energy. “We will utilize approximately 300 of these planar shaping coils in our first large-scale integrated stellarator system, ‘Eos’. Expanding our capabilities and the use of our superconducting magnets across the fusion industry will accelerate commercialization of various system architectures. Ultimately, this same high-performance technology is also primed to revolutionize adjacent industries beyond fusion. SCALEUP allows us to expand this business with our initial partners and customers interested in powerful HTS magnets produced via scalable, efficient processes.” Following a competitive review, awardees were chosen based on technical maturity and commercial scalability of key innovations that strengthen domestic energy supply chains. SCALEUP focuses on the next generation of energy and ways to accelerate technologies from portfolio toward market adoption. The SCALEUP program provides funding to previous ARPA-E awardees, including Thea Energy as a spin-out of Princeton University and Princeton Plasma Physics Laboratory. Thea Energy’s planar coil technology was developed as part of the ARPA-E Breakthroughs Enabling THermonuclear-fusion Energy (BETHE) program. For more details on the SCALEUP program and full list of awardees, visit: arpa-e.energy.gov Dr. Dave Nye, SCALEUP Federal Lead, added, “ARPA-E’s mission is to develop technologies that deliver affordable, reliable, secure energy for all Americans. Thea Energy has validated its magnets and outlined a clear strategy to scale the consistent, high-yield fabrication of these coils. Modular, factory-built magnet components will enable the rapidly growing fusion power industry to create power at unprecedented scale.” This award comes on the heels of Thea Energy’s $100 million Series B capital raise, HTS magnet validation campaign, and “Helios” power plant design review, representing a series of milestones that establish Thea Energy as a leader in commercial fusion. **About Thea Energy, Inc.** Thea Energy, Inc. is commercializing scalable and economical fusion energy systems via its planar coil stellarator architecture. Thea Energy’s stellarator power plants will uniquely provide an abundant and safe source of zero-emission energy for the future of humanity. The Company has utilized arrays of mass-manufacturable magnets and dynamic software controls to reinvent the stellarator. Thea Energy spun out of Princeton University and Princeton Plasma Physics Laboratory in 2022 to commercialize the stellarator, a mature magnetic confinement fusion architecture. The Company was selected as an inaugural awardee of the U.S. Department of Energy’s Milestone-Based Fusion Development Program following a detailed merit review process. Thea Energy is also supported via six Department of Energy INFUSE awards and an ARPA-E SCALEUP award. Thea Energy is currently collaborating with leading national labs, academic institutions, and industrial partners to commercialize fusion energy on the fastest and most efficient path. To learn more about Thea Energy’s mission, visit thea.energy and follow us on LinkedIn and X . **Contact** Madeline Joanis maddy@thea.energy ***Syndication Notice:** This press release is syndicated from the [original source](https://www.globenewswire.com/news-release/2026/07/27/3333511/0/en/thea-energy-expands-magnet-manufacturing-lines-with-20-million-arpa-e-scaleup-program-award.html?_gl=1*6vged9*_up*MQ..*_ga*MjExMTAwNjA1NS4xNzg1MTU1OTc2*_ga_B6167QB2TF*czE3ODUxNTU5NzUkbzEkZzAkdDE3ODUxNTU5NzUkajYwJGwwJGgyMDkwMzI5OTAz*_ga_ERWPGTJ5X8*czE3ODUxNTU5NzUkbzEkZzAkdDE3ODUxNTU5NzUkajYwJGwwJGgw) for informational purposes. We do not claim ownership of the content. All copyrights, trademarks, images, and other intellectual property remain the property of their respective owners.* The post [Thea Energy Expands Magnet Manufacturing Lines with $20 Million ARPA-E SCALEUP Program Award](https://menawirenow.com/2026/07/thea-energy-expands-magnet-manufacturing-lines/) first appeared on [MENAWireNOW](https://menawirenow.com). **Publishing Source::** [menawirenow.com](https://menawirenow.com/2026/07/thea-energy-expands-magnet-manufacturing-lines/?utm_source=rss&utm_medium=rss&utm_campaign=thea-energy-expands-magnet-manufacturing-lines) ![author avatar](https://secure.gravatar.com/avatar/4e3a45e03c0bce69b866fb10b522d054c74b2afa03adaeb29a3148d4aadd366e?s=300&d=mm&r=g) News Desk [See Full Bio](https://turkbusinessnews.com/author/news-desk/) [ ](https://turkbusinessnews.com/author/news-desk/) **Categories:** Press Release --- ### [Spain ‘cares about you’: Sanchez thanks Palestinian girl for painting mural of him in Gaza](https://turkbusinessnews.com/2026/07/27/spain-cares-about-you-sanchez-thanks-palestinian-girl-for-painting-mural-of-him-in-gaza/) **Published:** July 27, 2026 **Author:** spsingh **Content:** Spanish Prime Minister Pedro Sanchez on Monday shared a video on social media thanking a Plestinian girl and local artists for painting a mural of him in Gaza, reaffirming Spain’s support for the Palestinian people. In the video, Sanchez responded to a message from a Palestinian girl named Layan, who unveiled the portrait of the Spanish premier that she and other artists painted amid the destruction in Gaza. He thanked the artists for the “beautiful gesture” and expressed gratitude to the Palestinian people for showing “such affection toward Spain.” “In the midst of so much pain, you found a moment to send us your kindness. So, to Layan, to all the boys and girls of Gaza, and to your families, I want to say something very simple: the whole of Spanish society hears you, sees you, cares about you, and does not forget you,” Sanchez said. He also expressed hope that “the children of Gaza can return to painting without fear in their schools and live a future of peace.” ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** International **Tags:** cares, Gaza, girl, mural, painting, Palestinian, Sanchez, Spain --- ### [Turkey Mints First Female Central Bank Governor](https://turkbusinessnews.com/2026/07/27/turkey-mints-first-female-central-bank-governor/) **Published:** July 27, 2026 **Author:** spsingh **Content:** Gaye Erkan, a Turkish-US citizen, was an unexpected choice with no central bank experience and is already bucking Erdoğanomics. The world’s rather short list of female central bank governors added a new name in June when Hafize Gaye Erkan, 43, became the first female governor of the Central Bank of the Republic of Turkey. Gaye Erkan, a Turkish-US citizen, was an unexpected choice. A graduate of Harvard Business School, she was a managing director at Goldman Sachs and deputy CEO of First Republic Bank before becoming co-CEO of US real estate company Greystone last year. She has no central bank experience and comes from a world that President Recep Tayyip Erdoğan professes to despise. Her technical background—degrees in industrial and financial engineering—and her apparent belief in conventional economic policymaking go against the Erdoğanomics followed most recently by her predecessor, Şahap Kavcioğlu, which included maintaining lowering interest rates even in the face of massive economic instability. Ahead of the May elections, Erdoğan and his government insisted they would retain this policy. But with inflation running at around 40%, the lira facing unprecedented instability—it lost 20% of its dollar value just following the election—and the balance of payments deficit running at 6.1% of GDP, something had to give. Alongside Gaye Erkan, Erdoğan appointed Mehmet Şimşek, as finance minister. The respected former deputy prime minister promises to restore fiscal discipline and work with Gaye Erkan to restore Turkey’s battered international financial image. Gaye Erkan has taken a low-key approach, being mindful of Erdoğan’s views and his interventionist tendencies. At the June 22 CB meeting, she boosted interest rates to 15% from 8.5%, rather less than many observers had expected, leaving rates still firmly negative in real terms. Other increases are likely to follow. “Rebuilding policy credibility and predictability is likely to take time given the long record of policy reversals and premature policy easing, as well as repeated changes in central bank leadership,” says Erich Arispe, senior director of sovereigns at Fitch Ratings. Echoing this view, ING Bank predicted that “a pivot to more conventional policies will take time, with risks on the downside.” Gaye Erkan’s career has ticked all the boxes from a financial perspective, but its latest phase will be its most challenging—not least staying on the good side of one of the world’s most mercurial leaders, who is unafraid of making his views known. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Finance **Tags:** Bank, central, Female, Governor, Mints, Turkey --- ### [Saudi Embassy in Egypt Oversees Medical Evacuation of Two Citizens for Continued Treatment in Kingdom](https://turkbusinessnews.com/2026/07/27/saudi-embassy-in-egypt-oversees-medical-evacuation-of-two-citizens-for-continued-treatment-in-kingdom/) **Published:** July 27, 2026 **Author:** Samridhi Puri **Content:** The Saudi embassy in Egypt has arranged a medical evacuation of Saudi citizens from Cairo to the kingdom, where they will receive healthcare services through the Ministry of defence air medical evacuation service. The patient was transported to the Cairo International Airport. Airport aboard a dedicated medical evacuation aircraft operated by the Saudi Ministry of Defense. They safely went to Saudi Arabia to complete the treatment required for their medical conditions, reflecting the Kingdom’s continued efforts to provide timely assistance to its citizens abroad. In the statement, the embassy closed and coordinated and oversaw the evacuation, reaffirming its commitment to the safety and well-being of Saudi nationals living in or visiting Egypt. ![White jet on the tarmac with multiple ambulances and paramedics transferring a patient from a stretcher to an ambulance on a sunny day.](https://turkbusinessnews.com/wp-content/uploads/2026/07/34-1-1024x737.jpg "34 -")It emphasized that supporting citizens during emergencies and ensuring they receive appropriate care remain among its key responsibilities. The diplomatic mission also acknowledged the cooperation of the Ministry of Defense and the medical and administrative teams involved in the operation. According to the embassy, coordination among the relevant authorities helped facilitate the transfer procedures and ensured the patients received the necessary medical support throughout the journey. Saudi Arabia regularly conducts medical evacuation missions for citizens who require advanced treatment or specialized healthcare services unavailable at their current location. Such operations are typically coordinated between Saudi diplomatic missions, healthcare providers, and government agencies to ensure safe transportation while maintaining continuity of medical care. The embassy concluded its statement by wishing both citizens a speedy recovery and expressing appreciation to all organizations that contributed to the successful evacuation. Officials noted that cooperation between diplomatic, medical, and defense authorities remains essential to delivering prompt assistance whenever Saudi nationals require urgent support overseas. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** International **Tags:** Cairo, medicalevacuation --- ### [Oil Prices Slide More Than 5% as Easing US-Iran Tensions Calm Global Energy Markets](https://turkbusinessnews.com/2026/07/27/oil-prices-slide-more-than-5-as-easing-us-iran-tensions-calm-global-energy-markets/) **Published:** July 27, 2026 **Author:** Samridhi Puri **Content:** On Monday, the global price of oil decreased more than 5% after a reduction in tensions between the US and Iran, calming the oil distribution from the Middle East. The sharp decline followed a weekend pause in hostilities, improving investor confidence that diplomatic efforts could prevent further escalation in one of the world’s most strategically important oil-producing regions. During Monday trading, the Brent crude future fell to around $92 per barrel, while the US West Texas Intermediate (WTI) also recorded steep losses. The decline erased last week when escalating regional tensions had pushed oil prices close to the $100 mark. Markets had previously priced in the risk of prolonged conflict affecting crude exports and shipping through the Strait of Hormuz, a vital corridor that carries a significant share of global oil supplies. ![Industrial refinery scene with tall distillation columns, pipes, and steam vents under a blue sky; workers in hard hats scattered across the yard.](https://turkbusinessnews.com/wp-content/uploads/2026/07/31-1024x737.jpg "31 -")The latest retreat in prices reflects growing optimism that the temporary halt in military operations could create room for renewed diplomatic engagement. Although no comprehensive agreement has been announced, traders interpreted the absence of fresh attacks as a sign that immediate threats to regional energy infrastructure and maritime traffic may be easing. Despite the market’s positive reaction, analysts cautioned that geopolitical risks remain elevated. Commercial shipping activity through the Strait of Hormuz has yet to fully recover, while security concerns continue to influence vessel movements across nearby waterways, including the Bab al-Mandeb. Energy traders are expected to closely monitor any changes in military activity or diplomatic negotiations that could quickly alter supply expectations. Fears drove the earlier surge in crude prices that escalating confrontation between Washington and Tehran could interrupt exports from the Gulf, a region responsible for a substantial portion of the world’s oil production. As those fears temporarily eased, investors shifted focus toward supply fundamentals and broader economic indicators. Market participants are now awaiting further developments in US-Iran diplomacy alongside upcoming economic data and central bank decisions, all of which could influence energy demand and determine whether oil prices stabilize or resume their recent volatility. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** International **Tags:** oilpricefall5%, usirantensioncalm --- ### [Türkiye boosts support for clean tech startups ahead of COP31](https://turkbusinessnews.com/2026/07/27/turkiye-boosts-support-for-clean-tech-startups-ahead-of-cop31/) **Published:** July 27, 2026 **Author:** spsingh **Content:** The Scientific and Technological Research Council of Türkiye (TÜBITAK), the leading national scientific agency, has launched new initiatives to support clean technology startups ahead of the U.N. Climate Change Conference (COP31), which the country will host together with Australia in Antalya in November. COP31 will take place in the Mediterranean resort city from Nov. 9-20, bringing together governments to advance cooperation on climate action, emissions reduction, clean energy transition and climate finance. According to information obtained and reported recently by Anadolu Agency (AA), TÜBITAK has expanded its support for clean energy, clean technologies and green transformation through a series of new funding calls and accelerator programs aimed at helping innovative startups commercialize their technologies and attract investment. The initiatives build on support programs launched earlier this year, with the latest focusing on the second phase of the Global Cleantech Innovation Programme (GCIP), implemented by TÜBITAK in cooperation with the U.N. Industrial Development Organization (UNIDO) and several government ministries. The second phase aims to transform clean technology solutions into market-ready businesses through accelerator programs, technology validation and investment readiness activities. Applications for the GCIP Türkiye Accelerator 2026 and the Inclusive Green Transition Accelerator 2026 will remain open until Aug. 3. Startups developing solutions in energy efficiency, renewable energy, waste valorization, water efficiency, green buildings, sustainable transportation, and advanced materials and chemicals are eligible to apply. The accelerator programs will help participants strengthen their technologies and business models, validate their products, and prepare for investment and entry into domestic and international markets. Winning teams in each accelerator will receive cash awards from TÜBITAK, with first place earning TL 700,000 ($17,300), second place TL 500,000 and third place TL 400,000. TÜBITAK will also provide dedicated support for female-led clean technology startups, with winners in four categories receiving TL 300,000 each, alongside investment readiness support. Separately, TÜBITAK and UNIDO will launch the Inclusive Green Transition Accelerator 2026 to support technology-based solutions promoting an inclusive green economy. Selected teams will attend the GCIP Türkiye 2026 National Academy in September, receiving training, mentoring and additional online support through December to help develop and commercialize their clean technology solutions. The Daily Sabah Newsletter Keep up to date with what’s happening in Turkey, it’s region and the world. SIGN ME UP You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Technology **Tags:** ahead, boosts, clean, COP31, startups, support, tech, Türkiye --- ### [Old Video Falsely Shared as Footage of Saudi Fighter Jet Downed by Houthis Over Hodeidah](https://turkbusinessnews.com/2026/07/27/old-video-falsely-shared-as-footage-of-saudi-fighter-jet-downed-by-houthis-over-hodeidah/) **Published:** July 27, 2026 **Author:** Samridhi Puri **Content:** In recent days on social media, one video has been gaining the attention of Houthi fighters shooting down a Saudi military jet over Yemen’s Hodeidah governorate. After a fact-check, it is misleading footage. As per the investigation, the video is not connected with regional developments and is unrelated to current events. The video grabbed attention on several social media platforms, but the video is not connected with recent events. The users claimed it showed Houthi fighters shooting down a Saudi military jet during recent developments. However, fact-checks found that the footage is several years old and has been repeatedly shared with false claims during different conflicts. The video does not depict a recent incident involving the Royal Saudi Air Force or military operations near Hodeidah. Visual verification and reverse-image searches traced the footage to earlier stages of the Yemen conflict, where similar claims had already been disputed. Previous versions of the same video were linked to separate incidents that occurred long before the latest regional tensions, making the current narrative inaccurate. ![Two-seat military fighter jet in level flight against a clear blue sky, gray camouflage with rear exhausts visible from behind the cockpit area.](https://turkbusinessnews.com/wp-content/uploads/2026/07/30-1024x737.jpg "30 -")The misleading post emerged as heightened military activity and online speculation fueled a surge of unverified content related to the Middle East. Analysts say periods of conflict often trigger the reappearance of archived images and videos that are presented as new, making independent verification essential before such material is widely shared. No Saudi authority has announced the loss of a fighter aircraft in Hodeidah corresponding to the claims made in the viral posts. Likewise, there is no verified evidence supporting assertions that the footage shows a recent operation involving Saudi forces. Publicly available records and previous reporting indicate the video has been misrepresented outside its original context. Fact-checkers have urged social media users to rely on official statements and verified news organizations when following developments related to Yemen and the wider Middle East. They note that recycled videos remain one of the most common forms of online misinformation during periods of armed conflict, often spreading rapidly before their origins are confirmed. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** National **Tags:** falselyshared, saudifightejet --- ### [Iran Warns Ukraine of Consequences After Deadly Caspian Sea Vessel Attack](https://turkbusinessnews.com/2026/07/27/iran-warns-ukraine-of-consequences-after-deadly-caspian-sea-vessel-attack/) **Published:** July 27, 2026 **Author:** Samridhi Puri **Content:** The Iranian government issued a threat to Ukraine, stating that there will be consequences for the attack on their commercial vessel through a drone in the Caspian Sea. This move only added to the existing tensions between Tehran and Kyiv, raising more worries on the geopolitical front. Officials of Iran stated that this was an “international law violation” and that this “will not go unanswered.” The warning came after an explosion occurred in an Iranian vessel operating in the Caspian Sea. One crew member was killed and another injured. Iran accused Ukraine of carrying out the attack and summoned the Ukrainian chargé to the lodge to lodge the official protest. Ukrainian officials have not accepted responsibility for attacking an Iranian civilian ship, although President Volodymyr Zelenskyy has previously confirmed long-range operations targeting vessels allegedly involved in transporting military cargo linked to Russia’s war effort. ![Large blue cargo ship on the water with a fierce fire in its midsection and thick black smoke pouring upward amid gray clouds.](https://turkbusinessnews.com/wp-content/uploads/2026/07/27-1024x737.jpg "27 -")Iranian Foreign Minister Abbas Araghchi raised the issue during separate conversations with European Union foreign policy chief Kaja Kallas and Russian Foreign Minister Sergei Lavrov, stressing that Tehran considers the attack unacceptable. He urged international actors to prevent what he described as further aggressive actions by the Ukrainian government while reaffirming Iran’s intention to safeguard its national interests. The incident comes as military and political tensions continue to intensify across several regions. Iran has repeatedly accused Ukraine of supporting actions against Iranian interests because of Tehran’s strategic ties with Russia, while Kyiv has long alleged that Iranian-made drones have been used extensively by Russian forces during the war in Ukraine. These competing accusations have increasingly drawn the Middle East into the wider security landscape surrounding the Russia-Ukraine conflict. Security analysts say the Caspian Sea has become an increasingly important logistical corridor linking Russia and Iran, making it a sensitive area for both countries. Any escalation involving maritime infrastructure or commercial shipping could further complicate diplomatic efforts already underway to reduce tensions in the Middle East following recent indirect contacts between Tehran and Washington. While Iran has pledged a response, officials have not specified what measures may be taken. The latest dispute is expected to remain under close international scrutiny as governments monitor whether the confrontation extends beyond diplomatic protests into broader regional security developments. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** International **Tags:** iranwarnsukraine, vesselattack --- ### [Russia says its ban on gasoline exports will be extended to end of 2026](https://turkbusinessnews.com/2026/07/26/russia-says-its-ban-on-gasoline-exports-will-be-extended-to-end-of-2026/) **Published:** July 26, 2026 **Author:** spsingh **Content:** Deputy Prime Minister Alexander Novak said Saturday that Russia will extend its ban on gasoline exports until the end of the year. He said that Russia’s ban on diesel exports, meanwhile, will be lifted “as the market recovers” so that oil refineries do not experience difficulties with oversupply and reduced processing volumes. He also said that once the domestic market is secured, it will be important for Russia to export diesel fuel to ensure its refineries are fully operational. Ukraine’s intensified attacks on Russian oil refineries in recent weeks have prompted Moscow to periodically impose restrictions aimed at stabilizing the domestic fuel market. In April, a ban on gasoline exports by domestic producers took effect through July 31. Meanwhile, Russia imposed a full ban on diesel fuel exports earlier this month to “increase supplies to the domestic market.” Novak also said that the fuel situation is gradually stabilizing, but expressed that it is too early to say the Russian fuel market has fully stabilized. “In some regions, especially in Siberia, the situation remains quite difficult, so to speak,” he said. “I’m confident that the situation is temporary and will be mitigated, and everything is being done to ensure that.” According to media outlet Vesti, Novak also said that excess petroleum products from Kazakhstan may be supplied to Russia if needed. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Business **Tags:** ban, exports, extended, gasoline, Russia --- ### [VISION ART PLATFORM brings contemporary art to Bodrum](https://turkbusinessnews.com/2026/07/26/vision-art-platform-brings-contemporary-art-to-bodrum/) **Published:** July 26, 2026 **Author:** spsingh **Content:** VISION Art Platform approaches contemporary art not only through the presentation of artworks, but as an integral part of everyday experience. Through its expanding network of collaborations, the platform continues to create new spaces and opportunities for art to connect with diverse audiences. Share This Album Published 07.25.2026 07:54 PM Updated 07.25.2026 09:36 PM Subscribe ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** National **Tags:** ART, Bodrum, brings, contemporary, PLATFORM, vision --- ### [Russia claims it captured another settlement in southeastern Ukraine](https://turkbusinessnews.com/2026/07/26/russia-claims-it-captured-another-settlement-in-southeastern-ukraine/) **Published:** July 26, 2026 **Author:** spsingh **Content:** Russia on Sunday claimed that its forces have captured another settlement in southeastern Ukraine. In a statement on Telegram, the Defense Ministry said that Russian forces took control of the village of Shevchenko in the Donetsk region. Shevchenko is located about 3 kilometers (1.9 miles) southwest of Pokrovsk, which Moscow claimed to have captured in December. Ukraine has not yet commented on Russia’s latest claims, and independent verification of the claims remains difficult because of the ongoing war. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** International **Tags:** captured, claims, Russia, settlement, southeastern, Ukraine --- ### [The Shifting Politics of Debt in Turkey - MERIP](https://turkbusinessnews.com/2026/07/26/the-shifting-politics-of-debt-in-turkey-merip/) **Published:** July 26, 2026 **Author:** spsingh **Content:** When the first wave of the Covid-19 pandemic in 2020 triggered widespread economic hardship, Turkish President Recep Tayyip Erdoğan’s administration reacted quickly with the offer of cheap loans through state-owned banks. People walk past by a branch of the Turkish Halkbank in central Istanbul, 2020. Murad Sezer/Reuters In the first two months of the pandemic, these financial institutions extended low-interest consumer loans to almost 7 million people to provide financial support and mitigate the economic slump. Around 1.8 million of those were first-time borrowers and, although the official figures are not known, the number of applicants far exceeded the number of loans made. Financial inclusion programs typically entail the expansion of financial education and microcredit campaigns. They are designed to remove the barriers that hinder access to financial institutions for lower-income borrowers. States adopting financial inclusion policies invite previously excluded social segments into the financial system, using campaigns or nudging techniques, with the help and contributions of financial institutions. Microcredit institutions quickly provide new borrowers with small loans as they require less paperwork and no collateral (aside from the necessary credibility in group lending). Using credit to substitute for income, however, can result in the over-indebtedness of newcomers or the transfer to the creditors of a significant part of the current and future income of low-income groups. In other words, converting those groups previously excluded from the financial system into bank customers and small entrepreneurs does not always produce the outcomes desired by international financial institutions such as the World Bank. In Bosnia, for example, almost 60 percent of microcredit users had debt payments that surpassed their disposable income. In Kenya, steps taken to advance branchless banking resulted in at least half of the population losing significant parts of their income due to late payment fees. Since lenders had set three-digit interest rates (annualized) for the overdue fines, financial inclusion carried predatory characteristics for many people. Inviting masses into the financial sector, organizing financial literacy programs amid stagnating or declining real wages and expecting people to reinvent themselves as entrepreneurs or small-scale investors were the main pillars of the financial inclusion agenda. It did not solve the problems faced by low-income groups, women and minorities. Instead, these groups’ increased access to credit resulted in heightened credit dependency, further aggravated during the Covid-19 pandemic. This toxic brew of indebtedness and crisis pushed low-income groups to increasingly resort to consumer loans, a move facilitated by the state, while the banking sector supplied both the discourse and official action plans. The primary beneficiaries have been the banking sector and the social bloc built around Erdoğan, which maintained its strength despite economic turbulence and deepened inequalities. Credit Frenzy In the late twentieth century, like their counterparts in much of the Global South, Turkish policymakers saw financial liberalization as the remedy to insufficient domestic savings and the unwillingness of the owners of capital to invest their money inside Turkey. But financial liberalization—including the lifting of policies that imposed restrictions on those moving capital out of Turkey—created a cyclical pattern of booms and busts that continues. The dependency of the economy on imports and the Turkish governments’ difficulties in managing monetary and fiscal policy contributed to these cycles. When the economy experienced high growth rates, accompanied by higher current account deficits under favorable global financial circumstances, it was easier for corporations to access credit in US dollars. Much like other countries of the Global South, fragility in the financial system and large accumulated debt levels then created economic turbulence, triggering capital outflows and resulting in dramatic crises. Eventually, these crises were followed by a new cycle—one stimulated by capital inflows. This included capital that flowed to corporations, lured by the government’s high interest rates for foreign investors (relative to rates in the Global North), as well as increasing domestic consumption facilitated by the deepening of domestic financial markets. With the ability of corporations to access new financial resources, Turkey’s economy grew at a rate of 7.3 percent on average from 2003 to 2008. This growth was accompanied by an expansion in household debt levels driven by government policy choices that were themselves shaped by extended International Monetary Fund surveillance that discouraged state spending on public goods and services. Turkey’s economy grew at a rate of 7.3 percent on average from 2003 to 2008. This growth was accompanied by an expansion in household debt levels driven by government policy choices that were themselves shaped by extended International Monetary Fund surveillance that discouraged state spending on public goods and services. Many consumers in Global South countries expanded their borrowing to cope with similar contractions in government spending. Turkey, which offered handsome returns to foreign investors while lowering the interest rate for domestic borrowers, was no exception. Buoyed by the high levels of global liquidity and easy money that characterized the early 00’s, opening the gates of finance provided not only temporary financial stability but also immense profit opportunities for different groups of capitalists. Under these circumstances, Turkey’s Central Bank followed the path of reserve accumulation like other central banks in the Global South. This political choice was less costly than it would have been, as the unprecedented levels of foreign direct investment and portfolio flows created an abundance of US dollars, which in turn propped up a relatively high value for the Turkish lira. Accessing cheap foreign currency credits and lending more and more to domestic consumers amid relative appreciation of the domestic currency generated enormous revenues for the newly restructured banking sector. The Central Bank’s strategy did not channel the banking sector funds to long-term credit provision for new investment but rather to short-term loans aimed at stimulating consumption in the face of stagnant real wages and an increased cost of living, all of which drove households to increase their borrowing. There were two main actors in this period of rapid household debt growth between 2002 and 2013—the state and the private banks. In 2001–2002, the state spent almost 25 percent of GDP to bail out the banking sector and in the ensuing years was forced to allocate primary budget surpluses to controlling public debt levels. At the same time, the austerity programs succeeded in imposing an unprecedented fiscal discipline on the state, and the borrowing of the public sector declined rapidly. Without a heavily indebted public sector to lend money to, these financial institutions saw household consumers as their new market. In the ensuing decade, the ratio of consumer loans to GDP jumped from around 2 percent to 13 percent.\[2\] Though the ratio remained low compared to some other countries in the Global South, the pace of increase was notable as it occurred alongside high overall growth rates, except for the 2008–2009 collapse around the global financial crisis. The ruling Justice and Development Party succeeded in controlling public debt and increasing social expenditures: The ratio of public social spending to GDP increased from around 5 percent to about 10 percent in the early 2000s. Despite this positive metric, the gradual commodification of essential public services and the stagnation of real wages in many sectors limited its beneficial impact on the working class. The consumption capacity of low-income groups increased not because of increased real wages but due to expanded credit opportunities. As an official strategy, financial inclusion was adopted in the Turkish context in 2014, much later than the global push that characterized the 00’s. The financial transformation affiliated with inclusion was, however, evident in the integration of millions of households into the financial sector in the early twenty-first century. By the time financial inclusion became a widely cited development tool and officially declared a target, Turkish state managers were already attempting to deal with the ramifications of its negative effect—accumulated household debt. The Predatory Characteristics of Financial Inclusion Turkey’s official financial inclusion strategy (drafted in 2013 and implemented until 2018) envisioned the growth of household savings and the emergence of millions of fiscally prudent borrowers working in lockstep with the state and private banks. The only non-governmental actors that contributed to the policymaking process were the financial sector representatives and their affiliated associations. Indeed, the financial inclusion strategy was merely a compilation of those representatives’ proposals rounded out with some inclusive-sounding rhetoric borrowed from international financial circles. The absence of organizations representing the interests of the working-class borrowers meant there was no critical discussion of the potential pitfalls of a massive expansion of borrowing, such as the enormous burden that the financial sector fees and commissions would place on debtors. The state’s strategy explicitly emphasized the strength of Turkey’s banking sector and financial infrastructure. The policymakers saw no problems with the supply of financial services, only the need for financial education that would transform the population into suitable consumers of these services. The financial education promoted by the authorities included financial literacy programs sponsored by private banks as well as household budgeting courses organized through the cooperation of the state, financial institutions and the non-governmental organizations that worked closely with the banks. While organizations such as the Association of Financial Literacy or networks such as TurkishWIN partnered with private banks (or payment processors such as Mastercard) to promote financial literacy programs, the absence of a structural critique that connected the need for borrowing to persistent low wages and the rising cost of basic services meant these campaigns were mostly window dressing. Predictably, the Turkish financial inclusion process worked to deepen social inequalities just as the country was drifting toward a crisis in the late 2010s. The proponents of financial inclusion, however, heavily emphasize two counterexamples. One specific characteristic of Turkey’s financial inclusion program is the state’s central role in the microcredit sector. Despite the initiatives of some associations, the Turkish microcredit sector remains mainly state-organized and controlled by a wakf (foundation). The most extensive program is Turkey Grameen Microfinance Program. In collaboration with the Grameen Bank, Turkey Waste Reduction Foundation provided most of the microcredit in the 2010s. The program extended credit to over 50,000 women annually in the mid-2010s. Since the credits were not securitized and the foundation is a non-profit, this fact has been put forth as a positive example by policymakers. Nevertheless, the markup rates of the program were not low, with nominal interest rates of 15 percent and real interest rates revolving around 6 to 9 percent in the early to mid-2010s. There is more than enough fieldwork documenting that many women used microcredit to smooth their consumption and remained dependent on credit.\[3\] The second example touted by supporters of financial inclusion is the 2012 pension fund regulations, which matched 25 percent of the pensioner’s contribution with funds from the state. Though it is perceived as a successful effort to increase savings, these funds are concentrated in the upper-level income groups with salaries sufficient to generate savings. Unregistered workers, who comprise one-third of the workforce, as well as the laborers who receive the minimum wage (around 50 percent of the workforce in the 2010s according to the calculations of trade union confederations) would not have been recipients of these new state contributions. While interest rates were rising in the post-2013 period, there was no significant improvement in real wages, and people were being pushed in growing numbers into the financial system to make ends meet. Under these circumstances, banks’ lending practices revealed predatory characteristics. While interest rates were rising in the post-2013 period, there was no significant improvement in real wages, and people were being pushed in growing numbers into the financial system to make ends meet. Under these circumstances, banks’ lending practices (though monitored by the Banking Regulation and Supervision Agency) revealed predatory characteristics. While workers were increasingly relying on credit cards to supplement their low wages and resorting to late payments, banks set higher overdue fees and commissions in a coordinated manner. These actions violated the law according to Turkey’s Competition Board, which notably issued fines to 12 banks for coordinated action against consumers in 2013 and launched new investigations in the 2010s. The average rate of interest on consumer loans doubled the inflation rate during this period according to Central Bank data. The inability of the masses to roll over debt amid increasing interest rates in the mid-2010s pushed the number of orders waiting on court bailiff desks higher, nearing 20 million during the 2018 currency crisis. By the end of the same year, debt collectors had a portfolio consisting of 3.5 million separate loans previously extended to around 1.5 million people. The outcome of the financial inclusion strategy of 2014–2018 is not well documented. Elements of the strategy were repeated in the new five-year plan published by the Erdoğan administration after the country’s transition to a presidential system in 2018. Still, there has been no comprehensive evaluation of the successes and failures of the program. The Global Findex data from 2011 to 2017 suggests that the Turkish population became more integrated into the financial system. More people use financial services despite the stagnation of household indebtedness as a ratio to GDP in the mid-to-late 2010s. The ratio of account owner women to the total adult female population jumped from 32 percent in 2011 to 54 percent in 2017. As a result of the pension regulations, more people have savings in the banks, but the data also shows that at the same time, more people than ever are in debt. From Currency Crisis to Pandemic Increased dependency on credit became a more acute problem for Turkish citizens as the tightening of global finance slowed the country’s economic performance in 2018, triggering a severe currency crisis and subsequent recession. The state’s rhetoric of the early 2010s that encouraged borrowers to take personal responsibility for their own economic circumstances and financial future was converted into a new discourse about economic warfare against Turkey’s enemies. For example, at the height of the 2018 currency crisis, policymakers launched a new campaign offering cheap credit rates through public banks to home buyers in state-selected projects. Its objectives were to simultaneously mitigate the financial losses of the urban middle classes and to support the construction sector. In this way, the state mobilized its financial capacity to bail out some construction companies and provide favorable borrowing conditions for a minuscule and wealthy segment of society. The state, however, presented this campaign as a vital protection of a primary sector for the country’s future. At the campaign’s press conference, “Time for Investment in Turkey” held on August 28, 2018, the then Urban and Environment minister supported the new credit campaign with the statement: “Today is not about gaining; it is about sacrifice.” Various state-sponsored credit expansion attempts provide examples of the Erdoğan administration sticking to the debt-led growth strategy of the 2000s and supporting further borrowing. Yet they also demonstrate that the Turkish financial inclusion process diverged in recent years from the dominant approach of most of the international financial community, which centers on deploying new technologies to increase borrowing and deepen financial markets. When the currency crisis struck, the images of financially literate and business savvy borrowers participating in the growth of the Turkish economy quickly gave way to those of a benevolent state helping those in need through increasing loans. Turkey’s state-owned banks became the engines of credit expansion in these times of financial volatility since private banks restricted their lending to safer bets where they could ask for more collateral and ration their credits. The story of debt expansion and financial inclusion in Turkey also sheds new light on the state’s pandemic-era response, revealing how the credit growth of the early 2000s left a stark imprint on subsequent policy responses. Each time the economy stagnated, or incoming capital dried up, the Justice and Development Party governments (and later the Erdoğan administration) pushed for new credit campaigns allowing households and small and medium enterprises to roll over their debts. The pandemic-era response was the same: policymakers used public financial institutions to postpone or attempt to manage severe economic challenges. This willingness to deploy public institutions and assets to mitigate damage is at least partly responsible for the ruling party’s ability to maintain the broad alliance they built in the early 2000s. Each time the economy stagnated, or incoming capital dried up, the Justice and Development Party governments (and later the Erdoğan administration) pushed for new credit campaigns allowing households and small and medium enterprises to roll over their debts. Turkish policies of financial inclusion also revealed a subtle gender discourse based on a joining of conservative and patriarchal values with the image of female entrepreneurialism. The implication is that the neoliberal marketplace—being supposedly devoid of politics—is an acceptable zone of female engagement and empowerment. As the gendered inequalities in wage, status and working conditions in Turkish labor markets were never a concern for the ruling party or the banking sector, the financial transformation likely intensified women’s relative indebtedness. Although official statistics are not available over a sufficient period to make a conclusive argument, providing financial literacy programs for women in distressed economic conditions and with stagnating wages probably just produces more indebted women. And it stands as a microcosm of capitalism’s broader forces that continue to innovate new methods to extract value from the marginalized and working classes to drive accumulation and expansion. Recurrent currency shocks during the Covid-19 pandemic led to renewed state activism in Turkey and the promotion of an economic model that relies on cheaper labor and depreciated domestic currency. This orientation has not yet produced the results expected by the Erdoğan administration, such as the minimization of current account deficits, lower unemployment ratios and rapidly increased export volume. The erosion of central bank capacity in the aftermath of the 2018 crisis and the pandemic made it harder to slow down currency depreciation, resulting in further price hikes. In 2022, the highest inflation rates of the twenty-first century were recorded in the country, raising concerns also among conservatives who now face growing challenges in presenting the last two decades as a remarkable success story. The social bloc built around the Justice and Development Party and the president, though maintaining its disharmonious unity, is facing challenges in controlling the working-class neighborhoods. The endurance of the Erdoğan administration partly depends on its ability to avoid new economic turmoil and postpone problems through new credit campaigns. Policies of financial inclusion, however, generated an unsustainable pattern and the previously accumulated household debt—which at the time supported the success narrative of the Justice and Development Party—now seems to limit the future options of state managers. \[Ali Rıza Güngen is a MESA Global Academy Fellow for 2021–2023.\] Endnotes \[1\] For a detailed account of financial transformation in Turkey in recent decades and the crisis management during 2018–2019, see Ü. Akçay and A. R. Güngen, “Dependent Financialisation and Its Crisis: The Case of Turkey,” Cambridge Journal of Economics, 46/2 (2022). \[2\] Similar data and detailed tables on household indebtedness and the financial inclusion process are available in my previous works: A. R. Güngen, (2018) “Financial Inclusion and Policy Making: Strategy, Campaigns and Microcredit a la Turca,” New Political Economy, 23/3 (2018) and A. R. Güngen, Politics of Debt: Financial Inclusion in Turkey, (Istanbul: İletişim, 2021) \[Turkish\] \[3\] T. Bulut and F. Adaman, Diyarbakır’dan İstanbul’a 500 Milyonluk Umut Hikâyeleri: Mikrokredi Maceraları (İstanbul: İletişim 2007); S. Arı, Batman’da Mikro Kredi Deneyimleri, Kadir Has Üniversitesi Sosyal Bilimler Enstitüsü (unpublished MA thesis, 2011). ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Finance **Tags:** Debt, MERIP, Politics, Shifting, Turkey --- ### [Heberlein And Bozok: Driving Sustainable Growth In Türkiye Through Advanced Technology And Strong Partnerships](https://turkbusinessnews.com/2026/07/26/heberlein-and-bozok-driving-sustainable-growth-in-turkiye-through-advanced-technology-and-strong-partnerships/) **Published:** July 26, 2026 **Author:** spsingh **Content:** WATTWIL, Switzerland / ISTANBUL, Turkey — April 14, 2026 — Heberlein is globally recognized as a leading provider of air interlacing and air texturing jets for synthetic filament yarns. In Türkiye, the brand has built a strong market presence thanks to its close cooperation with its experienced representative Bozok Mümessillik Makina Kimya San. ve Tic. A.Ş. in Istanbul. Together, they support Turkish filament yarn producers with advanced technology, local expertise, and trusted services. A strong textile nation with advanced demands Türkiye is the important textile and filament yarn production hub between Europe and Asia. With a dynamic, export-oriented business, Turkish producers continuously invest in high-performance technologies to ensure efficiency, quality, sustainability, and satisfied international customers. Heberlein’s expertise in air interlacing and air texturing perfectly matches the requirements of the Turkish synthetic yarn market. Producers demand stable processes, reduced air consumption, consistent interlacing quality, and long service life – all key strengths of Heberlein solutions. Local expertise combined with world-leading technology ![](https://wordpress.textileworld.com/wp-content/uploads/2026/05/Bozok.png "-")Pelin Bozok, Sales Manager, Bozok Mümessillik Makina Kimya San. ve Tic. A.Ş. As Heberlein’s long-standing representative, Bozok plays a crucial role in bridging Swiss innovation and Turkish production expertise. With deep knowledge of the local textile industry, Bozok supports customers throughout the entire process – from technical consultation and product selection to trials and after-sales service. In-plant trials are a highly appreciated service. Working closely with Heberlein specialists, Bozok supports customers in evaluating interlacing density and stability, yarn regularity and overall quality, air consumption optimisation, and opportunities to improve process efficiency. This hands-on approach not only provides valuable real-world insights but also builds strong customer confidence, helping each producer identify the ideal jet solution for their specific POY, FDY, or texturing processes. Experience innovation at ITM 2026 Heberlein’s philosophy combines innovation, technical precision, and long-term customer relationships. Continuous investment in R&D at the company’s Swiss textile laboratory ensures that customers worldwide benefit from the advanced technological developments. The APe series is a perfect example of Heberlein’s innovative strength. These jets can reduce compressed air consumption by up to 15% while maintaining the same number of knots. For DTY yarn producers, this translates into significant energy cost savings. Experts from Heberlein and Bozok support customers in calculating the individual savings potential. They are at visitors’ service at ITM 2026 in Istanbul, Türkiye. The Heberlein and Bozok team will welcome interested parties in Hall 7, Booth 708A, at the Tüyap Fair Convention and Congress Center, from June 9 to 13. Firsthand information will also be available on PolyJet-TG-3. The new generation of high-performance air interlacing jets for spinning achieves uniform interlacing density and heavy, reliable knots for high-tenacity yarn. Heberlein’s PolyJet-TG-3 performs more than 12 knots per meter with 1100f98dtex and 1670f98dtex. The improved yarn quality leads to reduced variation in tensile strength, elongation, and elasticity. As a result, bobbins show improved unwinding behaviour, contributing to higher production efficiency. “Turkish customers value performance, reliability, and measurable production improvements,” says Levent Umut, Sales Manager, Bozok Mümessillik Makina Kimya San. ve Tic. A.Ş. “With Heberlein technology, we are able to deliver exactly that. We look forward to welcoming customers and partners at ITM 2026 in Istanbul.” Posted: May 7, 2026 Source: Heberlein Technology AG ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Technology **Tags:** Advanced, Bozok, Driving, growth, Heberlein, Partnerships, strong, Sustainable, Technology, Türkiye --- ### [Apple shares fall following firms price hike](https://turkbusinessnews.com/2026/07/25/apple-shares-fall-following-firms-price-hike/) **Published:** July 25, 2026 **Author:** spsingh **Content:** The US-based technology giant Apple’s shares decreased by around 5.3% as of 1600 GMT, following that the firm increased some products’ prices. On Thursday, Apple raised prices on some of its products, citing the rapid and significant rise in chip prices driven by extraordinary demand resulting from the proliferation of AI data centers. In a statement, Apple noted that the consumer electronics industry is facing unprecedented challenges. “We have shielded our customers from these increases so far, but we have now reached a point where we need to begin ⁠raising prices on a number of products, including today’s increases for iPad and Mac,” the firm said. The iPhone was excluded from Apple’s price increases. The company also did not raise prices for its Apple Watch smartwatch or AirPods wireless earbuds. The starting price of the iMac desktop computer was raised from $1,299 to $1,499, and the price of the Mac Studio desktop computer was raised from $1,999 to $2,499. The starting price of the MacBook Neo was updated from $599 to $699, and the price of the 13-inch MacBook Air was updated from $1,099 to $1,299. The starting price of the MacBook Pro was raised from $1,699 to $1,999. The starting price of the iPad Pro has been raised from $999 to $1,199, and the starting price of the iPad Air has been raised from $599 to $749. The price of the Vision Pro has also been updated from $3,499 to $3,699. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Business **Tags:** Apple, fall, firms, hike, price, shares --- ### [Turkish lawmakers discuss F-35s, CAATSA and defense ties with US congressional leaders](https://turkbusinessnews.com/2026/07/25/turkish-lawmakers-discuss-f-35s-caatsa-and-defense-ties-with-us-congressional-leaders/) **Published:** July 25, 2026 **Author:** spsingh **Content:** A Turkish parliamentary delegation had “constructive and solution-oriented” talks with senior US lawmakers during a recent visit to Washington, focusing on defense cooperation, NATO, counterterrorism, the F-35 fighter jet program and CAATSA sanctions. Hulusi Akar, chairman of the Turkish Parliament’s National Defense Committee, said Thursday that the delegation met with House Intelligence Committee Chairman Rick Crawford, House Armed Services Committee Chairman Mike Rogers, NATO Parliamentary Assembly Defense and Security Committee Chairman Mike Turner, and House Foreign Affairs Committee Chairman Brian Mast. Akar said the meetings were part of an official parliamentary visit arranged in advance by Türkiye’s Embassy in Washington. The delegation included lawmakers from the ruling AK Party, the main opposition Republican People’s Party (CHP) and the Nationalist Movement Party (MHP), he said. According to Akar, the Turkish delegation clearly presented Türkiye’s positions on national security, the defense industry, NATO cooperation, counterterrorism, the F-35 fighter jet program and CAATSA sanctions. Responding to criticism over his meeting with Brian Mast, a military veteran who is a double amputee, Akar said the talks were held solely because Mast chairs the House Foreign Affairs Committee. “Our counterpart was the chairman of the Foreign Affairs Committee. Throughout the meeting, we addressed him in that capacity while defending our country’s rights and interests clearly and openly. Taking the issue elsewhere is neither well-intentioned nor appropriate,” Akar said. Separately, Akar said the parliamentary defense committee is continuing work on legislation to strengthen support for families of fallen soldiers and military veterans. He said the committee has held 28 meetings with relevant institutions and consulted veterans, associations and families of fallen service members while preparing the legislation. Rejecting claims that the proposal would create divisions among veterans, Akar said the committee was treating all veterans and families of fallen personnel equally and remained committed to addressing their needs. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** National **Tags:** CAATSA, congressional, defense, discuss, F35s, lawmakers, leaders, ties, Turkish --- ### [Maybe hes a racist: Donald Trump hits out at NBA star LeBron James](https://turkbusinessnews.com/2026/07/25/maybe-hes-a-racist-donald-trump-hits-out-at-nba-star-lebron-james/) **Published:** July 25, 2026 **Author:** spsingh **Content:** United States President Donald Trump has hit out at LeBron James when asked whether he or Michael Jordan is the best NBA player in history. “Michael Jordan is a guy that’s a friend of mine. I play golf with him. He’s a really good guy,” Trump said. “I think LeBron is, maybe he’s a racist, but maybe he doesn’t like Trump. I don’t know. I only like people that like me, so I would say Michael Jordan all the way.” Trump did not elaborate why he used the word “racist” on LeBron, who said on Friday that he will play for the Philadelphia 76ers next season, which will be his 24th in the NBA. James, 41, is a four-time NBA champion, NBA and NBA finals Most Valuable Player. He has been a regular critic of Trump during his terms as president, endorsed Democrat candidates in past presidential elections and named Trump “a bum” on X in 2017 in a row over White House invitations for NBA winners. Trump retorted a year later on the same platform, saying: “Lebron James was just interviewed by the dumbest man on television, Don Lemon. He made Lebron look smart, which isn’t easy to do.” ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** International **Tags:** Donald, hes, hits, James, LeBron, NBA, racist, star, Trump --- ### [The next generation of financial services in Turkey](https://turkbusinessnews.com/2026/07/25/the-next-generation-of-financial-services-in-turkey/) **Published:** July 25, 2026 **Author:** spsingh **Content:**   Author: Ceren Acer Kezik, Executive Vice President of Retail Banking, Garanti BBVA Established in 1946, Garanti BBVA is Turkey’s second largest private bank with consolidated assets close to TL1.472trn ($77bn) as of March 31, 2023. Garanti BBVA is an integrated financial services group operating in every segment of the banking sector including corporate, commercial, SME, payment systems, retail, private and investment banking together with its subsidiaries in pension and life insurance, leasing, factoring, brokerage and asset management, as well as international subsidiaries in the Netherlands and Romania. With 18,552 employees the bank provides a wide range of financial services to its almost 24 million customers through an extensive distribution network of 825 domestic branches, nine foreign branches, seven in Cyprus and one in Malta, and one international representative office. How does Garanti BBVA support its clients towards financial health, an idea that’s gained increasing importance in recent years?Financial health is a key area of focus for us. We provide personalised, timely and accurate advice to our customers by leveraging big data and artificial intelligence. In today’s world, where digitalisation provides such ease, we believe that investing in personalised customer experience has become even more important. We support recommendation systems that help our customers make the right financial decisions for them, with smart solutions integrated into next-generation payment technologies. We analyse our customers’ spending habits and other financial behaviours to help develop dynamic recommendations for them. In 2021, we launched a feature called ‘My Status’ in the Garanti BBVA mobile app. It notifies our customers of important expenses and directs them towards saving and controlled spending. With different financial recommendations and action plans developed in 2022, an average of four million customers used ‘My Status’ monthly. We have also brought a ‘Card Check-Up’ function to our mobile application for customers whose credit card applications are rejected. In the case of declined applications, we provide personalised advice to increase the likelihood of approval next time. In branch, our customer relationship managers provide one-to-one financial advice for products such as deposits, investment funds and fixed-income securities. In the coming period, we aim to increase awareness and responsibility for accessing financial services, introduce more young people and women to banking, expand our service portfolio, develop our digital functions and maximise customer satisfaction. All this helps us differentiate ourselves in a crowded market. How does Garanti BBVA benefit from AI in areas such as technology, digitalisation and customer experience?We are actively incorporating advancing technologies and data sources into our business model to take a more analytical approach to customer management. By using advanced data analytics, machine learning and artificial intelligence, we aim to enhance our operational efficiency and improve business results. Working towards our goal of making our technological infrastructure more agile and robust, in 2022 we integrated new machine-learning and deep-learning models into 77 projects. That same year, Ugi, Turkey’s first AI-powered smart assistant, successfully engaged with more than 5.1 million customers, resulting in over 53 million interactions. With its impressive natural language processing abilities, Ugi was able to increase its unique user count by over 29 percent. Our ongoing efforts to position Garanti BBVA Mobile as the primary channel for customer interaction and to continue developing Ugi’s capabilities have contributed to the system’s understanding capacity reaching over 90 percent. We have also developed an AI-supported analytical model that automatically categorises customer feedback received through the internet banking platform. We are currently in the process of improving our voice response system to provide customers with even more personalised and efficient financial solutions. Through these technological innovations and our commitment to customer satisfaction, we are dedicated to simplifying our customers’ financial lives. How did the Turkish banking sector – and Garanti BBVA in particular – adapt following the transition to digital onboarding in Turkey?With the increasing importance of digitalisation and technology in our lives, digital banking, particularly through mobile applications, has become a primary channel for customers. According to TBB data, in the past five years the number of customers using mobile banking has nearly tripled in the banking sector in Turkey. At Garanti BBVA we have seen the number of active mobile users increase from 7.7 million at the end of 2019 to over 13 million by the end of 2022. We are able to carry out almost all transactions, including the customer onboarding process, through mobile banking applications without the need for physical branch visits. We continue to work on improving and developing our digital customer onboarding process. Our focus is on increasing the variety of products and transactions, enabling all customers to access banking services through our digital channels and providing a seamless end-to-end experience. How will the rise of open banking impact the banking industry and its customers in Turkey?With the impact of digital transformation and regulatory changes, open banking gained momentum towards the end of 2022. Open banking enables the democratisation of data, allowing customers who want to consolidate their financial information under one roof to enjoy the convenience of viewing and managing their accounts from different banks in one place. We have been focusing on tackling the climate crisis and promoting inclusive growth towards sustainable development We have introduced account consolidation and initiating payments applications to our individual, personal company and corporate customers through the Garanti BBVA mobile app and website, using open banking services that eliminate boundaries in banking. Customers who struggle to manage accounts with different banks can now easily view their balances and transactions without the need for separate user information and password entries. Moreover, they can transfer money between their different accounts with ease. As part of our digitalisation strategy in 2023, we plan to bring direct debits, bulk transfers/EFTs and supplier finance product applications to our digital channels. Additionally, we will develop API services for the infrastructure of our bulk transfers/EFTs and direct debit services. We will also complete the development of e-receipts and begin providing our customers with e-signed receipts, which will replace wet-signed receipts. How do you create value for your stakeholders?We focus on creating long-term value for all stakeholders with our responsible banking model. We create value in multiple ways: by providing loans, creating business opportunities, offering a safe work environment, and developing social investment programmes. Our customer-centric service model is also key to value creation. By leveraging the possibilities of technology to design better channels of engagement, we gain a closer connection with our customers. We also conduct regular surveys to measure our performance in meeting customer expectations. In 2022, as a result of this approach, we gained 2.8 million new customers and reached 24 million in total. Tell us about your approach to digitalisationOur long-standing investment in digital banking and technological infrastructure has allowed us to maintain our leading position in this field. Over the past three years, our active mobile customer base has grown by more than five million, reaching 13 million in total. Approximately 80 percent of our customers actively use mobile banking, with our digital channels accounting for nearly 98 percent of basic transactions, including ATM usage. Furthermore, more than 85 percent of our product sales are made through digital channels. These figures not only help us maximise customer experience but also contribute to a more efficient business model. Digitalisation increases the effectiveness of our branches, allowing us to create more space for value-added work. And while our branch network plays a critical role in customer engagement, it remains our most important channel for customer acquisition. How do you integrate sustainability into your retail banking activities?We focus on the direct impact on natural resources through our own operations, including energy, water and climate. Through social investments and partnerships, we contribute to the socio-economic development of multiple communities. ![](http://www.worldfinance.com/wp-content/uploads/2023/06/Screenshot-2023-06-16-at-11.56.52-199x300.png "-") Awareness of environmental, social and corporate governance (ESG) is increasing. Sustainable investments are gaining prominence both globally and in our country. We see that the investment world is beginning to reshape around this concept. Garanti BBVA Asset Management aims to achieve both high financial performance and support for a sustainable future by investing in the capital market instruments of foreign and domestic companies that have integrated ESG criteria into their investment decisions. Our sustainability-themed funds include the Clean Energy Variable Fund, ESG Sustainability Fund Basket, Sustainability Stock (Turkish Lira, TL) Fund and Garanti BBVA Climate Index Stock (TL) Fund. As of March 31, 2023, our sustainability investment funds reached a total of TL450m ($23m) and our Sustainability Stock Pension Investment Fund reached a size of TL1bn ($51m). These funds, which include different investment strategies and asset allocations, will be important alternatives for investors who want to invest their savings in sustainability and achieve potential returns in TL with a medium to long-term perspective. At Garanti BBVA, we have been focusing on tackling the climate crisis and promoting inclusive growth towards sustainable development for over 17 years. Our sustainability-focused products include loans for eco-friendly vehicles and electric bikes and shopping credit opportunities for the financing of electric vehicle charging stations. With the increasing popularity of rooftop solar power systems, we also provide customers who want to charge their vehicles with energy from sustainable sources, with credits through our affiliated companies. Furthermore, we have launched the ‘My Ecological Status’ feature on Garanti BBVA Mobile to help increase customers’ awareness of the steps they can take in their own lives to combat the climate crisis. Customers can view their carbon footprint and make suggestions about how to reduce it. Those who opt for digital onboarding, digital account statements and the like will trigger our support for planting schemes. Post navigation ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Finance **Tags:** Financial, generation, Services, Turkey --- ### [Saudi Arabia Approves New General Education Law by Royal Decree to Strengthen Governance and Learning Standards](https://turkbusinessnews.com/2026/07/25/saudi-arabia-approves-new-general-education-law-by-royal-decree-to-strengthen-governance-and-learning-standards/) **Published:** July 25, 2026 **Author:** Samridhi Puri **Content:** A new education policy law was introduced in Saudi Arabia after the King approved it,strengthening the framework. The motive of this policy is to develop the country’s education sector. The legislation’s main objectives are to improve the quality of education and governance to define the role of education authorities clearly. Vision 2030 has long-term development goals. New laws provided a framework of education policy for all stages of general education from early childhood through Grade 12. It defined the role of the Ministry of Education, the General Education Affairs Council, and others to ensure to put into action in the education sector is managed more effectively. Officials say the changes are intended to create a more efficient regulatory system while enhancing educational outcomes nationwide. A key feature of the legislation is the creation of stronger governance mechanisms that align education policies with national priorities. The law also encourages greater participation by private and nonprofit organisations in delivering educational services through a clear regulatory framework to expand learning opportunities, attract investment, and improve service quality across both public and private institutions. ![Teacher in a black abaya explains science to students in a bright classroom with a large interactive screen showing diagrams.](https://turkbusinessnews.com/wp-content/uploads/2026/07/26-1024x737.jpg "26 -")The framework places significant emphasis on safeguarding students’ and teachers’ rights by promoting a secure and supportive learning environment. It also reinforces the role of families in students’ educational development while expanding support for early childhood education, gifted learners, and students with disabilities through more inclusive educational services. Education Minister Yousef bin Abdullah Al-Benyan welcomed the Royal Decree, thanking Custodian of the Two Holy Mosques King Salman bin Abdulaziz and Crown Prince and Prime Minister Mohammed bin Salman for backing the reform. He described the legislation as a major milestone that strengthens the operational and regulatory framework of Saudi Arabia’s education system and supports ongoing modernization efforts. The Ministry of Education will now work with relevant government bodies to finalize executive regulations governing the implementation of the law. The new system also replaces the previous Adult Education and Literacy Law, while transitional provisions will remain in place until updated regulations are issued by the General Education Affairs Council within the specified implementation period. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** National **Tags:** neweducationlaw, strengthengovernment --- ### [Türkiye launches clean technology startup programs ahead of COP31 - Türkiye Today](https://turkbusinessnews.com/2026/07/25/turkiye-launches-clean-technology-startup-programs-ahead-of-cop31-turkiye-today/) **Published:** July 25, 2026 **Author:** spsingh **Content:** A screen shows the COP31 logo organized by Türkiye and Australia during the COP30 UN Climate Change Conference in Belem, Para state, Brazil, November 22, 2025. (AFP Photo) July 25, 2026 06:05 AM GMT+03:00 Türkiye’s Scientific and Technological Research Council, TUBITAK, has launched new funding and accelerator initiatives to help clean technology startups commercialize their products and attract investment ahead of COP31 in Antalya in November. The U.N. Climate Change Conference will be held in the Mediterranean resort city from Nov. 9 to Nov. 20, bringing governments together to advance cooperation on climate action, emissions reduction, clean energy transition and climate finance. According to information obtained by Anadolu, TUBITAK has expanded its support for clean energy, clean technologies and green transformation through funding calls, mentoring and accelerator programs designed to prepare startups for domestic and international markets. More to Read ![Türkiye to launch Climate Bridge at COP31 to unlock green investment](https://img.turkiyetoday.com/images/2026/6/25/turkiye-to-launch-climate-bridge-at-cop31-to-unlock-green-investment-3222662_20260625161102.jpg) Applications open for 2026 accelerator programs The latest initiatives focus on the second phase of the Global Cleantech Innovation Programme, implemented by TUBITAK in cooperation with the U.N. Industrial Development Organization and several government ministries. The program aims to turn clean technology solutions into market-ready businesses through acceleration, technology validation and investment readiness activities. Applications for the GCIP Türkiye Accelerator 2026 and the Inclusive Green Transition Accelerator 2026 will remain open until Aug. 3. Eligible startups may develop solutions in energy efficiency, renewable energy, waste valorization, water efficiency, green buildings, sustainable transportation, and advanced materials and chemicals. The programs will help participants improve their technologies and business models, validate products and prepare for investment and market entry. ![Minister of Environment, Urbanization and Climate Change Murat Kurum delivered a speech at the Erciyes Summit, held at the Sabanci Cultural Center in Kayseri under the theme “Climate, Water, Food and Security,” June 19, 2026. (AA Photo)](https://img.turkiyetoday.com/images/2026/7/24/turkiye-launches-clean-technology-startup-programs-ahead-of-cop31-3224555_202607241327_20260724132721_1.jpg) ![](https://www.turkiyetoday.com/s/i/i-fotobuyut.svg) Minister of Environment, Urbanization and Climate Change Murat Kurum delivered a speech at the Erciyes Summit, held at the Sabanci Cultural Center in Kayseri under the theme “Climate, Water, Food and Security,” June 19, 2026. (AA Photo) Winning startups to receive cash awards TUBITAK will provide cash awards to the top three teams in each accelerator. First-place teams will receive ₺700,000 ($17,300); second-place teams, ₺500,000; and third-place teams, ₺400,000. Women-led clean technology startups will receive dedicated support, with winners in four categories awarded ₺300,000 each alongside investment readiness assistance. TUBITAK and UNIDO will separately launch the Inclusive Green Transition Accelerator 2026 to support technology-based solutions that promote an inclusive green economy. Selected teams will attend the GCIP Türkiye 2026 National Academy in September. Participants will receive training, mentoring and additional online support through December to help develop and commercialize their clean technology solutions. ![](https://www.turkiyetoday.com/s/i/i-share.svg) July 25, 2026 06:06 AM GMT+03:00 ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Technology **Tags:** ahead, clean, COP31, launches, Programs, startup, Technology, Today, Türkiye --- ### [Saudi Civil Defense Declares Situation Safe in Yanbu and Jazan After Early Warning Alert Ends](https://turkbusinessnews.com/2026/07/25/saudi-civil-defense-declares-situation-safe-in-yanbu-and-jazan-after-early-warning-alert-ends/) **Published:** July 25, 2026 **Author:** Samridhi Puri **Content:** The General Directorate of Civil Defence of Saudi Arabia announced that the conditions in Yanbu and Jazan are now normal after an earlier warning led the authorities to take precautionary measures in both. Authorities stated the threat has passed and assured residents that the situation is now under control. Civil defence introduced the alert, which was removed after continuous monitoring and coordination with relevant agencies confirmed that the situation no longer posed a threat. The official thanked residents following the warning and said safety measures were taken to protect people and their priority. The earlier notification was issued through the Kingdom’s national early warning system, which is designed to rapidly inform residents of potential emergencies and encourage them to follow official safety instructions. During the alert period, authorities advised the public to remain vigilant, monitor official communication channels, and comply with guidance issued by emergency services. ![](https://turkbusinessnews.com/wp-content/uploads/2026/07/23-1024x737.jpg "23 -")Following updated assessments, Civil Defense confirmed that normal activities can resume in both Yanbu and Jazan. The agency urged residents to rely only on verified government sources for emergency information and avoid circulating unverified reports or rumors that could create unnecessary public concern. Saudi Arabia has continued to strengthen its emergency preparedness capabilities by expanding its early warning infrastructure and improving coordination among government agencies. The system plays a critical role in delivering timely alerts related to weather events, environmental hazards, and other situations that may require public action. Officials reiterated that precautionary alerts are issued as part of the Kingdom’s proactive approach to risk management and public safety. They stressed that early warnings should always be taken seriously, even if the potential danger ultimately subsides, as they are intended to minimize risks and ensure communities have sufficient time to respond. The Civil Defense also encouraged the public to remain aware of future notifications and continue following official instructions whenever alerts are issued. Authorities said ongoing monitoring of environmental and weather conditions will continue to ensure a rapid response should any new developments arise in Yanbu, Jazan, or other parts of the Kingdom. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** National **Tags:** EarlyWarningAlertEnds, Generaldirectorateofcivildefense --- ### [Riyadh Air Unveils Tiered Rewards Card Program to Enhance Passenger Experience Across Every Journey](https://turkbusinessnews.com/2026/07/25/riyadh-air-unveils-tiered-rewards-card-program-to-enhance-passenger-experience-across-every-journey/) **Published:** July 25, 2026 **Author:** Samridhi Puri **Content:** Riyadh Air has recently introduced a new loyalty scheme based on cards and offering customers rewards for all stages of their flights. The airline continues to emphasize the importance of digital innovation and customer experience. As per the new reward system, travelers can take advantage of it before the flight, during a flight, or after a flight. Launching diverse membership tiers. Riyadh Air also provides loyal customers with personalized benefits, special services, and travel-related incentives that meet different passenger needs. The program is in line with Riyadh Air’s wider plan to revolutionize the travel experience and deliver on Saudi Arabia’s Vision 2030 objective of establishing a global hub for aviation. ![Airport check-in area with Riyadh Air counters, passengers with luggage, and staff assisting passengers in a modern terminal.](https://turkbusinessnews.com/wp-content/uploads/2026/07/20-1024x737.jpg "20 -")Unlike traditional frequent flyer programs that primarily reward miles flown, Riyadh Air’s new system is designed to engage customers throughout the entire travel experience. Members will be able to accumulate points through various travel activities and enjoy benefits that extend beyond flights, reflecting the airline’s digital-first approach to customer engagement. The program introduces several membership levels, allowing travelers to unlock increasingly valuable rewards as they progress. Higher-tier members will receive enhanced travel privileges, including priority airport services, exclusive offers, and access to premium experiences. Riyadh Air said the system has been developed to make earning and redeeming rewards more flexible while creating stronger long-term relationships with passengers. The airline is positioning the loyalty platform as a central part of its customer experience strategy, integrating advanced technology to deliver seamless access to benefits through digital channels. The initiative also complements Riyadh Air’s vision of building a modern aviation ecosystem that combines innovation, convenience, and personalized service. Backed by Saudi Arabia’s Public Investment Fund (PIF), Riyadh Air is preparing to begin commercial operations as one of the Kingdom’s newest full-service carriers. The airline is expected to play a significant role in expanding international connectivity, supporting tourism growth, and contributing to the national goal of attracting millions of visitors under Vision 2030. With the launch of its new rewards card program, Riyadh Air is seeking to differentiate itself in the competitive aviation market by placing customer loyalty and digital innovation at the centre of its travel experience. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** Technology **Tags:** flight, Riyadhair --- ### [Apple’s A20 Chip May Ship Two Main Efficiency Upgrades for the iPhone 18 Professional](https://turkbusinessnews.com/2026/07/25/apples-a20-chip-may-ship-two-main-efficiency-upgrades-for-the-iphone-18-professional/) **Published:** July 25, 2026 **Author:** Samridhi Puri **Content:** The approaching iPhone 18 Professional type of Apple is anticipated to incorporate a next-generation A20 chip. As in step with trade stories, the processor will center of attention on pace and effort potency. If the improve arrives, as anticipated, the A20 chip may also be one of the vital greatest {hardware} enhancements in Apple’s 2026 flagship smartphones. As in step with stories, the A20 chip is a manufactured complicated semiconductor processor. IT is helping to reach prime efficiency whilst the use of much less energy. The 18 Professional and iPhone 18 Professional Max deal with not easy duties extra successfully, extending battery lifestyles with out compromising processing energy. ![Close-up of an Apple A20 Bionic processor chip on a blue circuit board, with the Apple logo visible against dark circuitry.](https://turkbusinessnews.com/wp-content/uploads/2026/07/22-1024x737.jpg "22 -")Probably the most expected improvements comes to a redesigned chip packaging generation. The upgraded packaging is anticipated to give a boost to verbal exchange between the processor, reminiscence, and different inside elements, leading to quicker knowledge switch, decrease latency, and smoother total gadget efficiency. The trade may just get advantages resource-intensive packages reminiscent of gaming, video modifying, and on-device synthetic intelligence options. The second one main growth is more likely to come from larger energy potency. Via adopting a extra complicated production procedure, Apple would possibly cut back the chip’s power intake whilst keeping up upper processing speeds. This would translate into longer battery lifestyles all through on a regular basis use and higher thermal control beneath heavy workloads, permitting the system to maintain top efficiency for longer classes. The A20 processor may be anticipated to beef up Apple’s rising center of attention on synthetic intelligence. Quicker neural processing functions may just reinforce extra complicated on-device AI options, together with smarter pictures, real-time language processing, and enhanced Siri capability, whilst holding extra consumer knowledge processed immediately at the system to give a boost to privateness. Despite the fact that Apple has no longer formally showed the specs of the A20 chip or the iPhone 18 Professional lineup, analysts be expecting the brand new processor to play a central position within the corporate’s subsequent era of top class smartphones. Extra main points are more likely to emerge as the predicted release approaches, with Apple historically unveiling its flagship iPhone fashions all through its annual fall product tournament. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** Technology **Tags:** appleA20chip, iphone18pro --- ### [Saudi Arabia Arrests 15 in Major Anti-Corruption Crackdown as Nazaha Uncovers Multi-Million-Riyal Bribery Circumstances](https://turkbusinessnews.com/2026/07/24/saudi-arabia-arrests-15-in-main-anti-corruption-crackdown-as-nazaha-uncovers-multi-million-riyal-bribery-circumstances/) **Published:** July 24, 2026 **Author:** Samridhi Puri **Content:** Fifteen corruptionists were arrested through Saudi Arabia’s oversight, and an anti-corruption investigation has began into bribery, abuse of authority, forgery, and misuse of public budget. It stated the investigation is underway in opposition to the entire suspects. The motion taken is for the federal government’s public fund safety and to construct transparency throughout govt establishments. Nazaha introduced that corruption has interconnected with more than one govt departments and personal organisations. The investigation disclosed that government are sporting out a wide-ranging crackdown on monetary and administrative corruption. One of the vital important circumstances concerned a businessman accused of providing SAR 1.6 million to a customs dealer to facilitate the access of 2 bins sporting limited tobacco via Jeddah Islamic Port. The alleged scheme used to be meant to evade customs tasks estimated at SAR 14 million. Government additionally detained a Ministry of Well being worker accused of receiving SAR 900,000 in installments in change for unlawfully awarding public initiatives to a industrial entity. ![Two uniformed officers walk toward the glass entrance of the Nazaha building (Oversight and Anti-Corruption Authority) with a police SUV parked nearby.](https://turkbusinessnews.com/wp-content/uploads/2026/07/14-1-1024x737.jpg "14 -")In some other investigation, a employee assigned to a Ministry of Power challenge used to be arrested whilst allegedly accepting SAR 200,000 to stop consequences totaling SAR 1.5 million from being imposed on a industry. Separate circumstances concerned an engineering marketing consultant appointed as a courtroom professional, a former passport officer, customs workers, municipal personnel, and officers from the Ministry of Human Assets and Social Building. The investigations additionally exposed allegations of nepotism, embezzlement, falsified scientific reviews, abnormal car inspections, and the illegal issuance of using licenses. Nazaha stressed out that efforts to struggle corruption will proceed irrespective of a person’s place or employer. The authority reiterated that monetary and administrative corruption offences stay matter to prosecution even after a public worker leaves administrative center, underscoring Saudi Arabia’s broader force to enhance transparency, offer protection to state assets, and uphold the guideline of legislation. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** National **Tags:** 15arrest, anticorruption --- ### [SABIC and CEER Sign MOU to Advance Saudi Arabia's Electrical Car Trade](https://turkbusinessnews.com/2026/07/24/sabic-ceer-signal-mou-to-advance-saudi-arabias-electrical-car-trade/) **Published:** July 24, 2026 **Author:** Samridhi Puri **Content:** Saudi Basic Industries Corporation (SABIC) and CEER, Saudi Arabia’s first homegrown electric vehicle brand, signed a memorandum of understanding. the motive of this agreement is to work together to develop advance material and manufacturing solution to strengthen the electric vehicle (EV) industry. The partnership supports Saudi Arabia’s brotherhood vision to build a competitive automotive ecosystem under Vision 2030. The memorandum of understanding is signed by SABIC’s headquarters in Riyadh and will set out the guidelines for reviewing the ways SABIC’s sophisticated materials and technologies could be incorporated in the designing and manufacturing of CEER’s electric cars. Additionally, the collaboration will look into the commercial possibilities of further cooperation between both firms. The agreement was signed in the presence of SABIC Chief Executive Officer Dr. Faisal Alfaqeer and CEER Chief Executive Officer James DeLuca. Beyond materials development, both companies plan to work together on innovative processing technologies, exchange expertise in sustainability and engineering, and identify new opportunities that support the long-term growth of Saudi Arabia’s EV sector. ![Silver electric car charging at a sleek station in a modern showroom with neon Arabic script on the wall](https://turkbusinessnews.com/wp-content/uploads/2026/07/18-1024x737.jpg "18 -")A key focus of the collaboration is the development of a stronger domestic supply chain capable of supporting electric vehicle manufacturing to international standards. The companies will explore strategic sourcing opportunities within the Kingdom while encouraging greater localization of automotive production and advanced manufacturing capabilities. CEER, backed by Saudi Arabia’s Public Investment Fund, is leading the Kingdom’s ambitions to establish a local electric vehicle manufacturing industry. SABIC, one of the world’s largest chemical companies, already supplies advanced materials used by global automakers to improve vehicle performance, durability and sustainability. By combining these capabilities, the two companies aim to accelerate innovation while supporting Saudi Arabia’s transition toward cleaner mobility solutions. The partnership aligns with broader national efforts to diversify the economy, expand high-value manufacturing and position Saudi Arabia as a regional hub for advanced mobility technologies. Industry leaders say collaboration between local manufacturers and materials producers will play an important role in building a resilient EV ecosystem capable of serving both domestic and international markets. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** Technology **Tags:** electricvehicalindustry, MoU --- ### [White Area says new tariff announcement coming very quickly](https://turkbusinessnews.com/2026/07/24/white-area-says-new-tariff-announcement-coming-very-quickly/) **Published:** July 24, 2026 **Author:** spsingh **Content:** The White Area stated Thursday that US Industry Consultant Jamieson Greer will quickly announce subsequent steps on business coverage, hours prior to transient 10% international price lists are set to run out. Requested whether or not President Donald Trump would search a congressional extension of the price lists, White Area spokeswoman Karoline Leavitt informed journalists that Greer “will be having an announcement on that very soon later today.” The sanctions, imposed in February after the Superb Court docket struck down Trump’s broader reciprocal price lists, are restricted through regulation to 150 days until Congress authorizes an extension. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Business **Tags:** announcement, coming, House, tariff, White --- ### [1,500-year-old blacksmith workshop unearthed at historic town in southern Türkiye](https://turkbusinessnews.com/2026/07/24/1500-year-old-blacksmith-workshop-unearthed-at-historic-town-in-southern-turkiye/) **Published:** July 24, 2026 **Author:** spsingh **Content:** Archaeologists have exposed a remarkably well-preserved blacksmith workshop relationship again about 1,500 years on the historic town of Seleukeia Sidera in Türkiye’s southern Isparta province, providing uncommon perception into ironworking and commercial task within the 5th century A.D. The invention was once made all over year-round excavations performed via Suleyman Demirel College in Isparta with permission from Türkiye’s Tradition and Tourism Ministry. Archaeologists exposed an iron-production furnace, an anvil, a charcoal garage space, an iron-quenching pool, and a large number of ironworking artifacts, revealing just about each and every degree of iron manufacturing inside a unmarried workshop. Isparta Provincial Director of Tradition and Tourism Vural Oguzlar advised newshounds that excavations at Seleukeia Sidera have sped up this 12 months following an build up in workforce assigned to the undertaking. He stated important discoveries have been made within the town’s historic market, the place industrial task as soon as flourished. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** National **Tags:** 1500yearold, ancient, blacksmith, city, southern, Türkiye, unearthed, workshop --- ### [Japan tells X, Google to enhance transparency on tackling destructive on-line content material](https://turkbusinessnews.com/2026/07/24/japan-tells-x-google-to-enhance-transparency-on-tackling-destructive-on-line-content-material/) **Published:** July 24, 2026 **Author:** spsingh **Content:** Japan’s Communications Ministry on Friday ordered the operators of X, Google, and 3 different on-line platforms to enhance public disclosure of ways they take care of destructive and malicious on-line content material, after discovering their transparency studies failed to fulfill prison requirements. The Ministry of Inside Affairs and Communications issued corrective suggestions beneath the Knowledge Distribution Platform Act, announcing the firms’ disclosures on enforcement measures throughout fiscal 2025 have been incomplete and didn’t absolutely fulfill reporting necessities set out in a ministerial ordinance. The suggestions practice to X Corp., Google LLC, Meta Platforms, nameless bulletin board operator Shonan Seibu House Co., which runs bakusai.com, and Jap media corporate Dwango Co., operator of the video-sharing platform Niconico. Beneath the legislation, which got here into drive in April final yr, designated platform operators are required to enhance responses to unlawful and destructive on-line content material, together with making improvements to transparency over content material moderation and dashing up responses to requests for content material removing. If the firms fail to agree to the suggestions with out official grounds, the ministry might factor formal corrective orders beneath the regulation. The transfer marks one of the crucial first enforcement movements beneath Japan’s platform transparency regime, which targets to carry main virtual platforms extra in command of their dealing with of destructive on-line content material whilst requiring higher public disclosure of moderation practices. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** International **Tags:** content, Google, harmful, improve, Japan, online, tackling, tells, transparency --- ### [Turkey’s ‘Tomahawk’ Emerges: GEZGİN Cruise Missile Places Strategic Objectives Throughout Jap Mediterranean, Black Sea and Center East Inside of 1,500km Strike Vary - Defence Safety Asia](https://turkbusinessnews.com/2026/07/24/turkeys-tomahawk-emerges-gezgin-cruise-missile-places-strategic-objectives-throughout-jap-mediterranean-black-sea-and-center-east-inside-of-1500km-strike-vary-defence-s/) **Published:** July 24, 2026 **Author:** spsingh **Content:** Turkey’s ‘Tomahawk’ Emerges: GEZGİN Cruise Missile Places Strategic Objectives Throughout Jap Mediterranean, Black Sea and Center East Inside of 1,500km Strike Vary – Defence Safety Asia HomeEnglishTurkey’s ‘Tomahawk’ Emerges: GEZGİN Cruise Missile Places Strategic Objectives Throughout Jap Mediterranean, Black Sea and Center East Inside of 1,500km Strike Vary You can not print contents of this website online. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Technology **Tags:** 1500km, Asia, Black, Cruise, defence, East, eastern, emerges, GEZGİN, Mediterranean, Middle, Missile, Puts, Range, Sea, security, strategic, strike, targets, Tomahawk, Turkeys --- ### [Saudi-Owned Shipment Vessel Attacked in Purple Sea as Team Get away Unhurt](https://turkbusinessnews.com/2026/07/23/saudi-owned-shipment-vessel-attacked-in-purple-sea-as-team-get-away-unhurt/) **Published:** July 23, 2026 **Author:** Samridhi Puri **Content:** A business shipment send, the Liberian-flagged Eternity C*,* of Saudi Arabia, crusing within the Purple Sea, was once attacked, however the entire workforce individuals are protected after the incident. Heightened the safety chance on the earth’s busiest maritime business routes. Maritime safety companies showed the workforce of the shipment send was once unhurt regardless of the assault. In the meantime, the investigation surrounding the incident continues. The send was once assisted, and officers performed the preliminary harm evaluation. The assault has renewed issues over delivery protection within the strategically essential waterway. The Purple Sea has skilled repeated assaults on service provider vessels since past due 2023, disrupting world delivery and forcing many operators to reroute vessels round Africa as a substitute of the use of the Suez Canal. The most recent incident underscores the continual demanding situations dealing with business delivery regardless of higher naval patrols by means of global forces working within the area. ![Bulk carrier Eternity C sailing on calm blue sea with a small tugboat nearby, Monrovia flag visible on the hull](https://turkbusinessnews.com/wp-content/uploads/2026/07/vessel-1-1024x737.jpg "vessel -")Saudi government have no longer reported any accidents amongst the ones on board, and officers mentioned the workforce was once accounted for following the assault. Maritime safety organizations proceed to observe the location whilst coordinating with delivery corporations to make sure the security of vessels navigating the realm. Further information about the assault, together with the kind of guns used and the identification of the ones accountable, weren’t straight away showed. The Purple Sea serves as a very important hall linking Europe, Asia and the Center East, wearing an important proportion of worldwide power exports and container visitors. Any disruption within the area can have an effect on provide chains, freight prices and supply occasions for global business. Trade professionals say delivery corporations are prone to handle heightened security features and proceed comparing alternative ways till the danger stage declines. Governments around the area have additionally reiterated the significance of defending freedom of navigation and safeguarding business vessels working in global waters. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** National **Tags:** Commercialcargoship, Redsea --- ### [UAE Becomes World’s Second Most Powerful Passport in 2026, Leading the Arab Region](https://turkbusinessnews.com/2026/07/24/uae-turns-into-internationals-2d-maximum-robust-passport-in-2026-main-the-arab-area/) **Published:** July 24, 2026 **Author:** Samridhi Puri **Content:** The United Arab Emirates has taken the second one spot on the earth as essentially the most tough passport for 2026. The United Arab Emirates is changing into a passport to the Arab international locations and one of the vital fastest-growing commute paperwork world wide. In step with the Henley Passport Index, Emirati electorate can now move to 187 international locations while not having a visa upfront. With this, the UAE is now in position in conjunction with Japan and South Korea. Singapore is first; its electorate can move to 192 puts with no visa. The most recent score confirmed that the UAE’s diplomatic paintings and visa offers have helped building up motion. The Henley Passport Index, compiled by way of Henley & Companions the usage of information from the Global Air Shipping Affiliation (IATA), measures passport power according to the choice of locations out there with no prior visa. ![Pedestrians walking along the Thames promenade with Tower Bridge in the background on a sunny day.](https://turkbusinessnews.com/wp-content/uploads/2026/07/UAE-1024x737.jpg "UAE -")The UAE stays the one Arab country to characteristic a number of the international’s best 10 passports. Over the last decade, it has recorded one of the vital largest enhancements in international scores, mountaineering from thirty eighth position in 2016 to its present place. Since 2006, the rustic has added 149 visa-free locations, representing one of the vital biggest features accomplished by way of any country all over that duration. Somewhere else within the Gulf, Qatar ranked forty fifth, adopted by way of Kuwait at forty seventh. Saudi Arabia and Bahrain shared 51st position, whilst Oman was once indexed at 54th in the most recent index. Those scores are decided only by way of visa-free and visa-on-arrival get right of entry to slightly than financial efficiency or political affect. Past simplifying world commute for tourism and industry, a more potent passport additionally displays increasing diplomatic ties and world cooperation. Higher visa-free get right of entry to reduces administrative limitations for vacationers and helps cross-border industry, funding, and cultural exchanges. The 2026 scores as soon as once more spotlight Asia’s dominance in international mobility, with Singapore keeping up its lead and the UAE rising because the highest-ranked Arab nation. The most recent effects underscore the Emirates’ increasing world connectivity and sustained efforts to support its international partnerships via bilateral agreements and visa facilitation. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** International **Tags:** powerfulpassport, UAE --- ### [Gulf States, Jordan Name Persisted Iranian Moves "Acts of Aggression": Urge UN to Take Instant Motion](https://turkbusinessnews.com/2026/07/24/gulf-states-jordan-name-persisted-iranian-moves-acts-of-aggression-urge-un-to-take-instant-motion/) **Published:** July 24, 2026 **Author:** Samridhi Puri **Content:** The six Gulf Cooperation Council (GCC) states and Jordan have denounced the Iranian assault. In step with them, it was once a transparent act of aggression that impacted the peace and balance of the Heart East. GCS and Jordan pressed the United Countries Safety Council to take an pressing step to halt assaults. Within the joint observation of Saudi Arabia, Jordan, Oman, Qatar, Kuwait, Bahrain, and the United Arab Emirates, assaults have persisted since overdue February, and so they nonetheless have not stopped after the memorandum of working out was once signed between the USA and Iran on 17 June. The governments argued that the violence has intensified quite than eased, in particular affecting Bahrain, Kuwait, and Jordan. In step with the observation, repeated moves have focused civilian infrastructure, together with power amenities, desalination crops, ports, and airports, along different strategic installations. The seven nations mentioned such movements violate the UN Constitution, world humanitarian regulation and UN Safety Council Solution 2817, whilst additionally breaching commitments Iran made beneath the US-Iran settlement. ![Row of colorful national flags on tall poles in front of a modern building with palm trees and a clear blue sky behind them.](https://turkbusinessnews.com/wp-content/uploads/2026/07/9-1024x737.jpg "9 -")The coalition reaffirmed its proper to particular person and collective self-defense beneath Article 51 of the UN Constitution, mentioning that each one lawful measures can be taken to safeguard nationwide sovereignty, electorate, business delivery and demanding infrastructure from additional assaults. The observation additionally welcomed Iraq’s determination to position all guns beneath state keep an eye on by means of the tip of September and expressed strengthen for Baghdad’s efforts to forestall Iran-backed militias from launching further cross-border assaults. On the similar time, the nations recommended the UN Safety Council to undertake a solution challenging an instantaneous finish to the assaults and to believe additional world motion in the event that they proceed. The seven countries praised their militia for safeguarding civilians and nationwide infrastructure whilst reaffirming their dedication to keeping up protected navigation throughout the Strait of Hormuz and the Bab al-Mandab. In addition they reiterated harmony with Saudi Arabia and subsidized ongoing Saudi and Omani diplomatic efforts aimed toward securing a long-lasting political agreement to the battle in Yemen. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** International **Tags:** gulfstates, UNSC --- ### [US and Saudi Arabia Signal Civil Nuclear Settlement, Opening New Bankruptcy in Strategic Power Partnership](https://turkbusinessnews.com/2026/07/23/us-saudi-arabia-signal-civil-nuclear-settlement-opening-new-bankruptcy-in-strategic-power-partnership/) **Published:** July 23, 2026 **Author:** Samridhi Puri **Content:** America and Saudi Arabia have signed a bilateral civil nuclear cooperation settlement. It strengthens the power partnership and helps the dominion’s long-term plans to expand nuclear energy. The settlement units the criminal groundwork for the USA and Saudi Arabia to paintings in combination on a relaxed nuclear power initiative. It’ll now transfer to the USA Congress for evaluation. It’s referred to as the 123 Settlement underneath US Atomic Power, signed through US Power Secretary Chris Wright and Saudi Power Minister Prince Abdulaziz bin Salman. It additionally features a bilateral safeguard settlement designed to beef up civilian nuclear cooperation whilst keeping up commitments to nuclear protection and non-proliferation. ![Two national flags, the United States and Saudi Arabia, fly side by side on flagpoles against a blue sky.](https://turkbusinessnews.com/wp-content/uploads/2026/07/7-1024x737.jpg "7 -")Officers from each nations described the deal as an important milestone that strengthens financial and strategic cooperation. Washington mentioned the settlement would make bigger alternatives for American nuclear generation exports, create jobs, and enhance the long-standing partnership between the 2 allies. Saudi Arabia perspectives nuclear power as a key element of its way to diversify power resources and meet rising home electrical energy call for whilst lowering dependence on hydrocarbons. The framework may sooner or later permit the Kingdom to expand uranium enrichment features for civilian functions the usage of US generation, even if main points relating to implementation stay restricted. The settlement is predicted to beef up long run investments in nuclear infrastructure, together with the imaginable development of complicated reactors through American firms. The deal has additionally drawn consideration from lawmakers and nuclear non-proliferation professionals. Some critics argue that the settlement differs from earlier US nuclear partnerships as it does now not require Saudi Arabia to undertake the World Atomic Power Company’s Further Protocol, which gives expanded inspection powers. They warn that Congress is prone to intently read about the safeguards earlier than approving the pact. Saudi Arabia has constantly maintained that its nuclear program is meant only for non violent functions. The settlement represents years of negotiations between Washington and Riyadh and displays each nations’ efforts to deepen cooperation in complicated power applied sciences whilst strengthening their broader strategic dating amid transferring geopolitical dynamics within the Heart East. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** International **Tags:** energyplantation, necularagreement --- ### [Trump threatens 100% tariff on EU nations over virtual products and services tax](https://turkbusinessnews.com/2026/07/23/trump-threatens-100-tariff-on-eu-nations-over-virtual-products-and-services-tax/) **Published:** July 23, 2026 **Author:** spsingh **Content:** US President Donald Trump on Friday threatened to slap a one hundred pc tariff on Eu nations that impose a virtual products and services tax, including that current industry offers can be scrapped. “Any Country that imposes such a Tax will immediately be met with a 100% TARIFF on any and all Goods sent to the United States of America,” Trump mentioned in a publish on his Fact Social platform, including that “this TARIFF will supersede Trade Deals made with the Country, whether implemented, signed, or not.” The transfer comes only a day after EU nations gave the fairway gentle to a industry settlement negotiated ultimate 12 months with the US, which caps taxes on Eu imports at 15 %. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Business **Tags:** Countries, Digital, Services, tariff, tax, threatens, Trump --- ### [Istanbul airports lead Europe in departure punctuality, Turkish Airways stocks most sensible spot](https://turkbusinessnews.com/2026/07/23/istanbul-airports-lead-europe-in-departure-punctuality-turkish-airways-stocks-most-sensible-spot/) **Published:** July 23, 2026 **Author:** spsingh **Content:** Istanbul’s two primary airports ranked first and 2nd in departure punctuality amongst Europe’s 20 busiest airports, whilst Turkish Airways Team shared the highest place amongst main carriers, in step with EUROCONTROL information. Istanbul Airport recorded an on-time departure fee of 81% right through the week of July 13-19, adopted by means of Istanbul Sabiha Gokcen World Airport at 78%, the Ecu Group for the Protection of Air Navigation mentioned in its weekly community efficiency file. Copenhagen Airport ranked 3rd with 76%, whilst Oslo and Antalya airports every recorded a fee of 75%. A number of the community’s 20 busiest airline teams, Turkish Airways Team and SAS Team posted the joint-highest on-time arrival fee of 85%. Turkish Airways recorded a median air visitors go with the flow control lengthen of one.37 mins in step with flight, in comparison with 2.37 mins for SAS. Pegasus Airways shared fourth position with an arrival punctuality fee of 78%, in the back of Iberia Team at 79%. Turkish Airways additionally set a brand new day by day visitors report right through the week, surpassing a prior top recorded previous this 12 months, in step with the file. The Ecu aviation community treated a median of 36,201 flights in step with day right through the length, up 1.9% from the corresponding week remaining 12 months. Community-wide arrival punctuality stood at 69%, whilst departure punctuality used to be 63%. A complete of 63,957 flights, representing 25% of all flights, have been suffering from air visitors go with the flow control restrictions. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** National **Tags:** Airlines, airports, departure, Europe, Istanbul, lead, punctuality, shares, spot, Top, Turkish --- ### [Soldier killed as military helicopter crashes in jap Czech Republic](https://turkbusinessnews.com/2026/07/23/soldier-killed-as-military-helicopter-crashes-in-jap-czech-republic/) **Published:** July 23, 2026 **Author:** spsingh **Content:** The Czech Military’s UH-1Y Venom helicopter crashed in a while sooner than 1 pm native time (1100GMT) on the twenty second Helicopter Air Pressure Base in Namest nad Oslavou the town within the Vysocina area. 5 squaddies have been on board the airplane on the time of the crash. “Integrated rescue system units are responding at the scene. We will release further information as soon as the situation allows,” the military stated. Emergency products and services dispatched 4 floor crews and an air ambulance helicopter from Jihlava to the crash website online, rescue carrier spokesperson Petr Janacek stated. “One person did not survive the crash,” Janacek stated, including that every other rescue helicopter from the neighboring Olomouc area was once additionally despatched to help. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** International **Tags:** army, crashes, Czech, eastern, helicopter, killed, Republic, Soldier --- ### [Monetary crimes watchdog eliminates Turkey from cash laundering 'grey listing'](https://turkbusinessnews.com/2026/07/23/monetary-crimes-watchdog-eliminates-turkey-from-cash-laundering-grey-listing/) **Published:** July 23, 2026 **Author:** spsingh **Content:** Because the sunsets, a ferry boat glides around the waters of the Golden Horn with the Suleymaniye Mosque and town of Istanbul, Turkey within the background. Vw Pics | Common Photographs Team | Getty Photographs The Monetary Motion Job Pressure, a global watchdog group devoted to preventing cash laundering and illicit money flows, on Friday got rid of Turkey from its “gray list” of nations that want particular tracking, handing a significant vote of self belief to the rustic in the middle of its financial turnaround efforts. “The FATF welcomes Türkiye’s significant progress in improving its AML/CFT regime,” the Paris-based group wrote in its newest document, the usage of the Turkish executive’s spelling of its nation’s title and the acronym for anti-money laundering and preventing the financing of terrorism. It mentioned that Turkey had bolstered the effectiveness of its AML/CFT regime to deal with “deficiencies” that FATF indexed in its October 2021 tracking document. The ones deficiencies incorporated FATF issues over unregistered cash switch products and services, inadequate sources devoted to terrorist financing investigations, alleged involvement in sanctions evasion, loss of oversight on high-risk sectors used for cash laundering reminiscent of banking and actual property, and inadequate oversight of nonprofit organizations that may be used for terrorist financing, amongst others. The FATF in its 2021 document had discovered sectors like banking, development and assets in Turkey at risk of illicit financing of United International locations-sanctioned teams just like the Islamic State and al-Qaeda. The watchdog group concluded in its 2024 findings that Turkey is “no longer subject to the FATF’s increased monitoring process,” however that it “should continue to work with the FATF to sustain its improvements in its AML/CFT system, including by continuing to ensure its oversight of the NPO \[nonprofit organization\] sector is risk-based and in line with the FATF standards.” Turkish Vice President Cevdet Yilmaz mentioned: “With this development, international investors’ confidence in our country’s financial system has become even stronger. The decision will have extremely positive consequences for the financial sector and the economy.” The FATF’s announcement will most likely come as a spice up to Turkey’s financial turnaround efforts after years of excessive inflation, a depreciating native forex and inconsistent overseas funding ranges. Mohamed Daoud, business apply lead at Moody’s, described the certain have an effect on the brand new designation is prone to have. “Turkey’s removal from the Financial Action Task Force (FATF) Grey List recognizes the significant progress made by the Turkish government and various economic sectors in strengthening their fight against money laundering and terrorist financing,” Daoud mentioned. “This development is expected to boost Turkey’s reputation internationally, potentially boosting foreign investment and relationships with European and U.S. institutions.” Make a selection CNBC as your most popular supply on Google and not leave out a second from probably the most depended on title in industry information. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Finance **Tags:** crimes, Financial, gray, laundering, list, money, removes, Turkey, watchdog --- ### [Saudi Civil Defence In short Turns on Emergency Caution in Dammam, Lifts Alert Mins Later](https://turkbusinessnews.com/2026/07/23/saudi-civil-defence-in-short-turns-on-emergency-caution-in-dammam-lifts-alert-mins-later/) **Published:** July 23, 2026 **Author:** Samridhi Puri **Content:** The Normal Directorate of Civil Protection of Saudi Arabia knowledgeable Dammam citizens on Wednesday that the emergency used to be ongoing and that it will close down inside a minute. Government stated citizens will have to observe the reliable protection steerage. The alert launched through the dominion’s nationwide platforms for early caution of emergencies for the jap province of Dammam Town warned of an emergency. Afterwards, civil defence formally introduced the risk had handed with out disclosing the cause for the emergency. Officers suggested electorate to position accept as true with within the govt channels for updates and observe the civil defence steerage. Even after the caution used to be withdrawn, government requested the general public to steer clear of collecting at affected places or making an attempt to report any emergency reaction actions, stressing that public protection stays the highest precedence. ![Police SUV with blue lights parked on a wide street; officer on the phone stands nearby as cars drive by under palm trees and a blue directional sign in Arabic/English.](https://turkbusinessnews.com/wp-content/uploads/2026/07/2-1024x737.jpg "2 -")The transient activation got here right through a duration of heightened regional safety consciousness around the Gulf. Round the similar time, caution sirens had been additionally reported in neighboring Bahrain, even though Saudi officers didn’t point out whether or not the tendencies had been hooked up. Government within the Kingdom have no longer launched further main points explaining what triggered the alert in Dammam. Saudi Arabia’s Nationwide Early Caution Platform is designed to abruptly notify citizens right through emergencies via cell broadcast indicators, offering speedy protection directions when doable threats rise up. Civil Protection has again and again inspired the general public to reply promptly to reliable warnings, stay calm, transfer to secure places when suggested, and steer clear of circulating unverified data right through emergency scenarios. In line with the file, no alert has arrived about injury, disruption, or accidents, and officers have no longer introduced any precautionary measures. Citizens were suggested to keep watch over officers’ civil protection channels for any more updates ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** National **Tags:** dammam, emergencywarning --- ### [Inter Miami Complete Casemiro Signing as MLS Opens Tampering Investigation](https://turkbusinessnews.com/2026/07/23/inter-miami-entire-casemiro-signing-as-mls-opens-tampering-investigation/) **Published:** July 23, 2026 **Author:** Samridhi Puri **Content:** Inter Miami has got Brazilian midfielder Casemiro, however the high-profile transfer has transform challenged after Primary League Football (MLS) began an investigation right into a conceivable tampering rule violation. On Wednesday fluoride membership formally introduced that the ex-Actual Madrid and Manchester United big name had joined as a loose agent on a freelance foundation from the 2027 MLS spring season to June 2029, it’s going to as neatly. In a while afterwards, MLS introduced that an open allegation used to be connected to the switch league; to any extent further updates would no longer be revealed till the investigation concluded. Within the investigation, MLS known the correct device, which supplies golf equipment precedence to the golf equipment and negotiates with positive gamers coming into the league from in a foreign country. LA Galaxy up to now held Casemiro’s discovery rights, which means some other membership would usually wish to achieve the ones rights ahead of coming into negotiations. ![Soccer player in pink kit runs on the field with a crowd in the background and sponsor XBTO on the jersey.](https://turkbusinessnews.com/wp-content/uploads/2026/07/3-1024x737.jpg "3 -")The league showed that Inter Miami and LA Galaxy have reached an settlement over Casemiro’s discovery precedence. Alternatively, the monetary phrases of that agreement will stay confidential till the tampering evaluate has been finished. MLS has no longer disclosed the precise allegation or indicated when the investigation is predicted to conclude. In spite of the continued probe, Casemiro’s registration with Inter Miami stays in position. The 34-year-old arrives after an completed profession that incorporated 5 UEFA Champions League titles and 3 L. a. Liga crowns with Actual Madrid, adopted via home cup good fortune right through his spell at Manchester United. He additionally represented Brazil on the 2026 FIFA International Cup, making all 5 appearances ahead of the group’s Spherical of 16 go out. Inter Miami house owners Jorge Mas and David Beckham welcomed the signing, describing Casemiro as a confirmed chief in a position to strengthening a squad that already options Lionel Messi, Luis Suárez, and Rodrigo De Paul. The transfer continues the membership’s process of attracting the world over identified skill because it seeks to compete for MLS honors whilst increasing its world profile. ![author avatar](https://secure.gravatar.com/avatar/fd0ff7e1a8bd59afa71522549052a271116c09ed6d579b890cc90c12f3497252?s=300&d=mm&r=g) Samridhi Puri I am passionate about reporting on current affairs, public policy, technology, and social issues. The main focus is on delivering well-researched, accurate, and reader-friendly stories that simplify complex topics. Through my writing,, the aim is to provide credible information. [See Full Bio](https://turkbusinessnews.com/author/samridhi/) [ ](https://turkbusinessnews.com/author/samridhi/) **Categories:** International **Tags:** Intermiami, MLS --- ### [Türkiye objectives for 100,000 tech startups by way of 2030: Minister - Newest Information](https://turkbusinessnews.com/2026/07/23/turkiye-objectives-for-100000-tech-startups-by-way-of-2030-minister-newest-information/) **Published:** July 23, 2026 **Author:** spsingh **Content:** ISTANBUL Business and Era Minister Mehmet Fatih Kacır has said that Türkiye objectives to domesticate 100,000 tech startups and achieve a collective “Turcorn” valuation of $100 billion by way of 2030. Talking on the “Terminal Istanbul x SSCI Innovation and Investment Forum,” Kacır emphasised that Türkiye has received vital momentum within the fields of era and innovation, noting that the entrepreneurship ecosystem has proven outstanding enlargement lately. He highlighted that Türkiye’s ecosystem has already produced startups exceeding billion-dollar valuations. “Over the past 23 years, annual R&D expenditures have grown from $1.2 billion to $20 billion. While the share of R&D in Türkiye’s GDP was once just 0.05 percent, it has now climbed close to 1.5 percent,” he stated. Kacır famous that just about 13,000 era startups are recently running with an innovation center of attention throughout 114 technoparks in Türkiye. He added that investments in era startups have greater in parallel with the ecosystem’s enlargement, with general investments attaining $5.5 billion during the last 5 years. “We will allocate an additional $300 million from public resources to venture capital funds that will help grow Türkiye’s technology startups. Through this support, we expect at least $750 million dollars more in investments to be directed toward Turkish technology ventures,” stated Kacır. Startup, ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Technology **Tags:** aims, Latest, minister, News, startups, tech, Türkiye --- ### [Türkiye’s sturdy small industry base empowers economic system: International Financial institution, IFC officers](https://turkbusinessnews.com/2026/07/22/turkiyes-sturdy-small-industry-base-empowers-economic-system-international-financial-institution-ifc-officers/) **Published:** July 22, 2026 **Author:** spsingh **Content:** Turkish small and medium-sized enterprises (SMEs) make up maximum companies within the nation, taking part in a decisive position in lots of spaces of the economic system, starting from employment to manufacturing, whether or not in small cities or main towns, monetary leaders instructed Anadolu. The UN Common Meeting followed a answer in April 2017 to have a good time Micro-, Small, and Medium-Sized Enterprises (MSMEs) Day, first noticed on June 27, 2017, to underline SMEs’ contributions to the worldwide economic system and sustainable building. This yr, the special occasion can be celebrated on Saturday beneath the theme of “Empowering MSMEs through Innovation and Sustainable Industrial Development.” The UN says SMEs make up 90% of companies international and account for round 70% of employment, whilst contributing 50% of world gross home product (GDP). Humberto Lopez, Türkiye nation director on the International Financial institution (WB), instructed Anadolu at the instance of the UN’s MSMEs Day that small companies make up the spine of the Turkish economic system, offering 70% of general employment. Lopez mentioned that enforcing insurance policies to empower SMEs is not just an financial but additionally a social precedence, because it calls for simultaneous motion throughout many spaces, the place the WB can play an lively position by means of combining private and non-private sector gear. He famous that the WB works in public coverage, establishments, ensure mechanisms, and disaster reaction, whilst the Global Finance Company (IFC) helps inner most sector investments, monetary establishments, and capital markets. He stated the mixed manner is vital to supporting a big and dynamic economic system like Türkiye’s. Lopez mentioned that SMEs around the globe face demanding situations getting access to finance, together with the ones in Türkiye, whilst making up a good portion of companies international. He stated the SME financing hole in creating economies reaches trillions of bucks, and Türkiye faces a identical problem, mentioning WB knowledge. He instructed that enforcing public insurance policies, ensure mechanisms, a powerful knowledge infrastructure, monetary inclusion, and speedy make stronger mechanisms is essential in serving to SMEs via crises. He famous that WB-backed projects in 2020-2023 injected financing into over 87,000 MSMEs in Türkiye, serving to create or maintain round 115,000 jobs all the way through the COVID-19 pandemic and after the February 2023 earthquakes within the country’s southeast. He discussed that 77% of recent hires have been employees beneath the age of 30 and 61% have been ladies. Lopez mentioned that some 40,000 MSMEs, particularly the ones in disaster-stricken zones, gained $450 million in post-earthquake venture financing from the WB, as companies within the affected area confronted now not most effective bodily harm but additionally disruptions to marketplace connections, get entry to to exertions, provide chains, and money flows. He instructed SMEs to include digitalization, create formal and professional jobs, and toughen their resilience in opposition to screw ups and financial shocks, as financing by myself isn’t sufficient to make sure good fortune. He instructed small companies working in low-tech manufacturing, which make up a big percentage of SMEs within the production sector, to understand their attainable for good points in productiveness, digitalization, and better value-added manufacturing. He added that making Türkiye’s already sturdy SME base extra environment friendly, resilient, and inclusive via insurance policies boosting those spaces and providing extra focused answers for teams and areas wanting make stronger, similar to ladies, younger other people, and companies in disaster-affected spaces, can be key to sustainable enlargement. Lisa Kaestner, department director for Türkiye, Kazakhstan, and Uzbekistan on the IFC, mentioned that SMEs shape the bottom of the economic system and play a key position in provide chains, native markets, exports, and virtual transformation, whilst their enlargement supplies advantages to providers, employees, consumers, and native communities. Kaestner stated the correct monetary gear for SMEs are tied to employment and productiveness, noting that the IFC’s manner in Türkiye goals to make stronger get entry to to financing to allow SMEs to take a position, develop, and create extra jobs, which she stated is imaginable via making sure long-term financing by the use of banks and connecting them with markets via higher corporations and worth chains. She discussed that making an investment in new apparatus, transitioning to virtual gross sales, and selling investments in power potency or getting ready for exports additionally spice up potency, serving to small companies develop into higher and more potent ones with extra resilient jobs. Kaestner emphasised that SMEs account for over two-thirds of employment in Türkiye however gained lower than 27% of general financial institution loans today 2025, highlighting a mismatch between SMEs’ percentage of the economic system and their get entry to to financing, as Turkish small companies proceed to battle to safe favorable adulthood phrases, viable collateral constructions, and various monetary merchandise adapted to their operational wishes. She mentioned that the IFC is operating with inner most banks, leasing corporations, and personal fairness finances to expand longer-term monetary merchandise adapted to smaller companies. Kaestner stated the IFC can mobilize private-sector financing, as achieving Turkish SMEs is most efficient via monetary establishments, because of their buyer networks and capability to expand answers, whilst inner most fairness finances can lend a hand with enlargement, activity advent, and productiveness in techniques debt financing can’t. She discussed that the IFC equipped a $350 million package deal for the restoration financing of small companies within the disaster-stricken zone of the country’s southeast via 5 inner most banks, reaping rewards 55,000 MSMEs, together with farmers, to make stronger companies in reinvesting, protective their staff, and contributing to the native economic system. Kaestner famous that whilst investment can be utilized for a variety of functions, financing is wanted now not just for day by day running capital but additionally for efforts similar to power potency, virtual transformation, development export capability, and integration into provide chains to get entry to new markets. She added that the IFC can make stronger the float of longer-term financing via inner most banks, leasing firms, and undertaking capital finances, which don’t seem to be simply to be had out there. She mentioned that the following priorities in SME financing in Türkiye are mobilizing extra inner most capital and diversifying financing channels by means of increasing long-term financing via banks, strengthening the position of non-bank establishments similar to leasing and factoring firms, offering industry and provide chain financing, and making higher use of capital marketplace tools. She added that girls’s employment is without doubt one of the best pieces at the IFC’s schedule, announcing that girls’s participation within the staff is 37% and that last the distance may just probably force a 25% build up in GDP, leading to extra funding, manufacturing, and employment. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Business **Tags:** Bank, base, business, economy, empowers, IFC, officials, small, strong, Türkiyes, World --- ### [Türkiye test-fires indigenous torpedo AKYA](https://turkbusinessnews.com/2026/07/22/turkiye-test-fires-indigenous-torpedo-akya/) **Published:** July 22, 2026 **Author:** spsingh **Content:** The Turkish Nationwide Protection Ministry introduced the a success firing of the indigenously evolved AKYA torpedo right through a naval workout. The army fired the torpedo, evolved by way of Turkish missile manufacturer ROKETSAN, from the TCG Sakarya submarine as a part of the DENIZKURDU-II 2026 workout, the ministry said on Wednesday on Turkish social media platform NSosyal. The weapon accomplished a right away hit and effectively destroyed the objective send. The ministry said that the strike as soon as once more demonstrated the technological degree the Turkish protection business reached. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** National **Tags:** AKYA, indigenous, testfires, torpedo, Türkiye --- ### [Type scout connected to Jeffrey Epstein discovered useless in France](https://turkbusinessnews.com/2026/07/22/type-scout-connected-to-jeffrey-epstein-discovered-useless-in-france/) **Published:** July 22, 2026 **Author:** spsingh **Content:** Daniel Siad, a fashion scout suspected of recruiting ladies for convicted intercourse perpetrator Jeffrey Epstein, used to be discovered useless at his house in France, broadcaster BFMTV reported Wednesday. Siad, 69, used to be discovered useless Monday at his house in Colombes, in France’s Hauts-de-Seine division, consistent with the broadcaster. Government have opened an investigation, even if the instances surrounding his demise stay unknown. The Swedish nationwide’s title reportedly seems about 2,000 occasions in information associated with Epstein launched by means of america Division of Justice. Siad allegedly labored as a recruiter for Epstein in France. In 2022, a French girl advised police she have been offered to Epstein thru Siad and therefore fell into his lure, consistent with BFMTV. In an interview with BFMTV in Might 2026, Siad said understanding Epstein and introducing younger ladies to him, however stated he introduced himself as a casting director for Victoria’s Secret. In line with the broadcaster, Siad performed scouting journeys on Epstein’s behalf from the past due 2000s thru 2017 in nations together with Poland, the Czech Republic, South Africa, Morocco, Cuba, and France. Siad additionally confronted lawsuits from 5 ladies accusing him of rape and sexual violence. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** International **Tags:** dead, Epstein, France, Jeffrey, linked, Model, scout --- ### [QNB Türkiye's Yeliz Ataay Arıkök: Hitting Sustainable Finance Milestones](https://turkbusinessnews.com/2026/07/22/qnb-turkiyes-yeliz-ataay-arikok-hitting-sustainable-finance-milestones/) **Published:** July 22, 2026 **Author:** spsingh **Content:** House Awards ![](https://s44650.pcdn.co/wp-content/themes/global-finance/build/images/icons/arrow-chevron-right.svg) Winner Insights ![](https://s44650.pcdn.co/wp-content/themes/global-finance/build/images/icons/arrow-chevron-right.svg) QNB Türkiye’s Yeliz Ataay Arıkök: Hitting Sustainable Finance Milestones Yeliz Ataay Arıkök, director of Treasury Gross sales and Monetary Establishments and chair of the Sustainability Committee at QNB Türkiye—this yr’s Best possible Financial institution for Blue Bonds in CEE area—discusses her financial institution’s position within the sector. International Finance: Sustainable finance (SF) is a rising phase in Turkish banking. Why, and what sectors are essentially the most dynamic? Yeliz Ataay Arıkök: SF has grown swiftly in Turkey because of regulatory alignment with international requirements, expanding climate-related dangers, and powerful call for from corporates looking for get entry to to global capital. Turkey may be very uncovered to weather transition dangers because of the prime choice of manufacturing-related sectors, and corporations wish to meet ESG necessities in an effort to export. A lot of the call for is from renewable power firms. As well as, blue-chip firms—in particular the ones in sectors akin to cement, aluminium, and iron and metal—are looking to scale back emissions via investments in modernization. Banks have goals to scale back emissions generated via their shoppers, so their get entry to to finance may be an important. GF: It’s been 10 years since Finansbank was QNB Türkiye. It’s now one of the vital greatest banks in Turkey. How has being a part of QNB, a Qatar-based banking staff, impacted your talent to increase SF trade, given the energy and dimension of alternative in the neighborhood founded banks? Arıkök: Being a part of a Gulf-based banking staff with a cast stability sheet, a long-term strategic outlook, extensive global marketplace get entry to, and a powerful SF and product framework has considerably enhanced our talent to increase SF answers. As well as, robust determination at staff degree—in particular in structuring inexperienced, social, and transition finance tools—has performed a vital position in accelerating our SF adventure. Leveraging the energy of the gang, we have now offered a number of firsts in Turkey, together with the first-ever international transition bond issuance; one of the vital first actual blue bond issuances on this planet, and the 1st within the Center East and Turkey; the 1st native inexperienced/sustainable deposit; and the 1st local-only, long-term, sustainability-linked syndicated mortgage. GF: In past due 2024 you issued a significant blue bond, the 1st of its sort in Turkey. Are blue bonds a most likely expansion space for QNB Türkiye? Arıkök: Sure, we see blue finance as a promising and herbal extension of our SF technique. We can not disregard that Turkey has seas on 3 aspects. Turkey and the entire international face expanding water rigidity, making investments in water potency, wastewater remedy, and marine ecosystem coverage seriously vital. The blue bond addressed this want whilst opening a brand new thematic investment channel for the marketplace. Development on our first in 2024, we have now endured to execute blue bond transactions, together with a non-public placement in early 2026, and we think this trajectory to proceed. We consider blue finance will achieve additional momentum as marketplace consciousness grows. Thru those projects, we stay dedicated to supporting Turkey’s weather ambitions and advancing sustainable, long-term have an effect on. Profitable International Finance’s Best possible Financial institution for Blue Bonds in Central and Japanese Europe is extremely rewarding and a good way to look our projects known. GF: Your weather transition bond with the World Finance Company (IFC) was once any other first. What made this distinctive and why is it vital? Arıkök: This transaction marked a significant global milestone, representing the IFC’s first-ever funding in a weather transition bond globally, whilst additional reinforcing QNB Türkiye’s management in SF. It additionally completed the honor of being the first-ever weather transition bond issuance via a monetary establishment international. As well as, the bond was once some of the first globally to be totally aligned with the World Capital Marketplace Affiliation’s Local weather Transition Bond Tips, printed final November. The weather transition bond was once distinctive as it eager about financing the transition of hard-to-abate sectors, somewhat than solely inexperienced or already low-carbon actions. In an financial system like ours, the place trade performs a central position, transition finance is very important to reach significant emissions discounts. GF: How do you notice the way forward for SF in Turkey, and which tools might be most efficient? Arıkök: We consider SF will keep growing strongly, shifting from thematic issuance towards extra built-in, transition-focused financing. As weather insurance policies, disclosure necessities, and investor expectancies evolve, sustainability will an increasing number of form core banking merchandise and transform embedded in wholesale investment methods. Whilst transition finance is gaining expanding prominence, inexperienced and social financing will proceed to play an important position. As the worldwide financial system continues to reshape round sustainability, SF will transform ever extra vital in Turkey as neatly, supporting the adventure towards its 2053 net-zero goal. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Finance **Tags:** Arıkök, Ataay, Finance, Hitting, Milestones, QNB, Sustainable, Türkiyes, Yeliz --- ### [Leonardo and Baykar whole first Ok-SWARM are living flight checks in Türkiye](https://turkbusinessnews.com/2026/07/22/leonardo-and-baykar-whole-first-ok-swarm-are-living-flight-checks-in-turkiye/) **Published:** July 22, 2026 **Author:** spsingh **Content:** Leonardo M-346 Grasp plane and Bayraktar Kızılelma at Çorlu Turkey. Credit score: Leonardo S.p.A. Leonardo and Baykar have finished the preliminary segment of are living flight checking out for the Ok-SWARM programme, geared toward improving coordination between crewed and uncrewed plane. The checks, which came about in Might at Baykar’s flight and check centre in Çorlu, Türkiye, had been designed to guage interoperability for long term fight air methods. ![](https://www.airforce-technology.com/wp-content/themes/goodlife-wp-B2B/assets/img/globaldata_marketing_solutions_logo.svg) Uncover B2B Advertising and marketing That Plays Mix trade intelligence and editorial excellence to succeed in engaged pros throughout 36 main media platforms. To find out extra The collaborative checking out featured a Leonardo-owned M-346 Fighter Assault plane, accompanied by way of an Italian Air Drive T-346A performing as a chase plane, and Baykar’s Bayraktar KIZILELMA uncrewed fighter. The principle function was once to validate new algorithms in addition to operational techniques and procedures, with actions controlled by way of Leonardo’s groups in Turin and supported by way of a complete challenge simulator in Venegono, Italy. In keeping with GlobalData’s research, the Eu uncrewed aerial methods marketplace has expanded at a median annual fee of over 15% between 2021 and 2026, pushed by way of heightened passion in AI-enabled teaming and swarming applied sciences. This sustained expansion highlights the rising importance of firm collaborations comparable to Leonardo and Baykar’s Ok-SWARM programme, which boost up the mixing of self sustaining methods and improve the interoperability of next-generation air platforms throughout Europe. In keeping with Leonardo, more than a few formations and manoeuvres had been examined, with the KIZILELMA plane autonomously responding to instructions issued from the M-346 cockpit. A expert knowledge trade device, safe by way of Leonardo’s GCC Tactical Platform, was once used to make sure synchronised knowledge sharing between platforms. The program provides real-time cyber defence tracking and coordination, supporting protected and efficient command of flight formations. The marketing campaign additionally concerned technical contributions from Baykar’s {Hardware}-in-the-Loop Laboratory, which evolved the Sensible Fleet Autonomy algorithms. Provided with a newly evolved, totally built-in onboard avionic suite, M-346 pilots issued formation instructions that KIZILELMA performed autonomously by the use of a specialized crewed/uncrewed computing device. All over the rigors, more than a few challenge situations had been carried out, together with place adjustments, separations, and rejoins. The KIZILELMA appropriately adopted the M-346’s directions throughout those duties, Leonardo mentioned. Leonardo mentioned: “The actions carried out in Çorlu had been the results of intensive and intense preparation paintings, together with pilots and technicians, which have been collectively performed over a number of months by way of the Leonardo and Baykar groups. “This extensive work resulted in the trials achieving the required level of technical integration of the systems, the development of testing scenarios, the algorithms validation and ensured the tests could be managed and completed safely and effectively.” Information accrued from the hot flights would tell the following phases of the Ok-SWARM programme, which is able to focal point on extra advanced collaborative operations. The purpose is to amplify the autonomy of uncrewed methods, progressively lowering pilot workload and lengthening operational potency whilst keeping up pilot keep watch over over mission-critical choices. The firms will habits additional checking out within the coming month, with plans to introduce further features and better ranges of complexity in upcoming trials. In June final yr, Leonardo and Baykar Applied sciences established a 50-50 three way partnership interested in uncrewed applied sciences. ![Email newsletter icon](https://www.airforce-technology.com/wp-content/themes/goodlife-wp-B2B/assets/images/newsletter-new.svg) Join our day-to-day information round-up! Give your corporation an edge with our main trade insights. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Technology **Tags:** Baykar, complete, flight, KSWARM, Leonardo, live, Tests, Türkiye --- ### [US imposes further 50% price lists on sure Canadian items: White Area](https://turkbusinessnews.com/2026/07/21/us-imposes-further-50-price-lists-on-sure-canadian-items-white-area/) **Published:** July 21, 2026 **Author:** spsingh **Content:** The United States introduced Monday that it’s implementing further 50% price lists on sure Canadian items, announcing the motion is meant to answer Canada’s “discriminatory” remedy of American merchandise. A White Area reality sheet mentioned President Donald Trump signed 3 proclamations to impose the extra price lists, arguing that the measures are designed to offset the load and drawback on US trade and stage the taking part in box for American exports together with vehicles, alcohol and dairy. In step with the White Area, every proclamation imposes a 50% tariff on a special set of Canadian imports masking merchandise starting from wine to hockey sticks to cement. The price lists will practice to all lined items irrespective of whether or not they originate underneath the Canada-US-Mexico Settlement (CUSMA). The White Area mentioned the price lists won’t practice to power, potash, merchandise already matter to Segment 232 price lists, or sure different items corresponding to fish and significant minerals. The measures will take impact 30 days when they had been signed. “Canada imposes certain tariffs and quotas on cars imported to Canada from the U.S., but not on imports from other countries,” argued the White Area reality sheet. The White Area additional accused Canada of keeping up extra restrictive tariff-rate quotas on US cheese than on an identical imports from the Ecu Union. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Business **Tags:** additional, Canadian, goods, House, imposes, tariffs, White --- ### [Turkish President Erdoğan welcomes King Charles’ discuss with to Cambridge Central Mosque](https://turkbusinessnews.com/2026/07/21/turkish-president-erdogan-welcomes-king-charles-discuss-with-to-cambridge-central-mosque/) **Published:** July 21, 2026 **Author:** spsingh **Content:** Turkish President Recep Tayyip Erdoğan on Monday welcomed King Charles III’s discuss with to the Cambridge Central Mosque, hailing it as extremely significant at a time of emerging Islamophobia and cultural racism. In a written message marking the discuss with, Erdoğan stated the mosque-built with contributions from Türkiye-had fulfilled its project as an emblem of unity in opposition to discrimination and appreciate within the face of hatred. “Since its first brick was laid, we have seen that our mosque, which has become a symbol of solidarity against discrimination and respect against hatred, has successfully carried out this mission,” he stated. Erdoğan praised the British monarch’s efforts to advertise non violent coexistence amongst other people of various cultures, backgrounds, and faiths. He stated he hooked up nice price to the discuss with and can be happy to host King Charles in Türkiye. Erdoğan additionally conveyed his greetings to the British other people and individuals of the Muslim neighborhood residing in the United Kingdom, specifically Turkish voters. KING CHARLES TOURS MOSQUE, MEETS MUSLIM COMMUNITY Throughout the discuss with, Charles met the mosque’s imams, trustees, and individuals of Cambridge’s Muslim neighborhood. The British monarch toured other sections of the mosque, which was once constructed with contributions from the Türkiye Diyanet Basis-a crew hooked up to the state Spiritual Affairs Directorate-and was once informed about its structure and sustainability practices. He additionally visited the mosque’s neighborhood lawn and was once briefed on its social-service techniques and the position performed by means of younger other people in neighborhood projects. The discussions addressed the position spiritual communities can play in tackling international warming, in addition to Islamic teachings on protective introduction. King Charles was once additionally offered with main points of the construction’s architectural options by means of Julia Barfield, director of the London-based Marks Barfield Architects, which designed the mosque. Officers stated the king, who is understood for his pastime in structure, confirmed pastime within the challenge’s efforts to ascertain a mosque design reflecting British architectural traditions. 3 presents had been offered to Charles to mark the discuss with: a tumbler paperweight impressed by means of the dome of Türkiye’s Selimiye Mosque, a limited-edition reproduction of Turkish student Fuat Sezgin’s The Clinical Legacy of Islamic Civilization, and a e-book documenting the mosque’s building, architectural means, and the various honors it has gained. CAMBRIDGE CENTRAL MOSQUE The Cambridge Central Mosque, opened in 2019 at a rite attended by means of Erdoğan, is described as Europe’s first eco-friendly mosque. The construction makes use of photovoltaic panels, air-source warmth pumps, herbal air flow, and sustainably sourced trees. Rainwater is accrued for cleansing and irrigation, whilst solar power supplies about 40% of the mosque’s electrical energy. The mosque additionally helps households going through monetary hardship, organizes health-awareness occasions, and hosts neighborhood projects. Throughout the COVID-19 pandemic, it served as an area vaccination middle. The discuss with was once some of the distinguished made by means of a British monarch to a Muslim position of worship. The long-serving Queen Elizabeth II, Charles’ overdue mom, visited Lincolnshire’s Scunthorpe Mosque in 2002. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** National **Tags:** Cambridge, central, Charles, Erdoğan, King, Mosque, President, Turkish, visit, welcomes --- ### [Kuwait stories Iranian moves on energy, water desalination crops for 4th consecutive day](https://turkbusinessnews.com/2026/07/21/kuwait-stories-iranian-moves-on-energy-water-desalination-crops-for-4th-consecutive-day/) **Published:** July 21, 2026 **Author:** spsingh **Content:** Kuwait stated Tuesday that a number of energy technology and water desalination crops got here below Iranian assaults for a fourth consecutive day, sparking fires at a couple of amenities. In a remark, the Ministry of Electrical energy, Water and Renewable Power stated the assaults came about Monday night amid ongoing Iranian moves in opposition to the Gulf nation. It stated emergency groups, operating with the Kuwait Hearth Pressure and safety companies, answered right away and taken the fires below keep an eye on. Government assessed the ensuing injury, whilst technical groups started restore paintings and efforts to revive the affected amenities, the ministry stated. Consistent with the ministry, a number of producing devices had been taken out of carrier in keeping with precautionary running procedures to offer protection to apparatus and maintain the stableness of Kuwait’s electrical energy and water techniques. Iran stated early Tuesday that it had performed a drone strike on Kuwait’s Al Zour energy station. The USA has escalated assaults in opposition to Iran since ultimate week, with Iran retaliating with moves focused on amenities and bases it says are utilized by america army in different regional nations. The change of fireplace between america and Iran comes in spite of a Pakistan-brokered memorandum of figuring out they signed in June to finish their conflict and achieve an enduring peace settlement. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** International **Tags:** 4th, consecutive, Day, desalination, Iranian, Kuwait, plants, Power, reports, strikes, water --- ### [Erdogan-owned outlet portrays all Jews as Mossad spies controlling wars, finance and media - Nordic Observe](https://turkbusinessnews.com/2026/07/21/erdogan-owned-outlet-portrays-all-jews-as-mossad-spies-controlling-wars-finance-and-media-nordic-observe/) **Published:** July 21, 2026 **Author:** spsingh **Content:** Abdullah Bozkurt/Stockholm Amid escalating tensions between Israel, Iran and the USA, a Turkish authorities propaganda outlet owned via the circle of relatives of President Recep Tayyip Erdogan has intensified its long-running antisemitic messaging, selling conspiracy theories that painting Jews jointly as criminals, intelligence operatives and individuals of an international cabal controlling the media, finance, intelligence networks and world conflicts. Sabah is owned via the Turkuvaz Media Staff, which is administered via Serhat Albayrak, brother of Erdogan’s son-in-law and previous finance minister Berat Albayrak and serves as the crowd’s flagship propaganda outlet. Şimşek operates inside of a unique media unit that purposes underneath the direct oversight of Serhat Albayrak, who’s broadly considered the important thing energy dealer in Erdogan’s inside circle shaping pro-government narratives within the Turkish media. Thru a community of dependable editors and commentators, Albayrak’s media equipment purposes as a centralized messaging platform that echoes the political priorities of Erdogan’s management. “When you say media in the world, Jews run it,” he instructed audience. He prolonged the similar declare to the worldwide economic system, guns manufacturing and effort markets, saying that Jews “have dominated the world” in the ones sectors as smartly. Abdurrahman Şimşek, a Turkish intelligence asset, operates underneath the quilt of journalism as an assault canine for the federal government of President Recep Tayyip Erdogan. Essentially the most incendiary a part of the published got here when Şimşek described the arena’s Jewish inhabitants as an international intelligence community serving Israel. Regarding the estimated international Jewish inhabitants, he mentioned audience must suppose now not of kind of 17 million people however of 17 million intelligence brokers. “Every Jew is an agent — a Mossad agent,” he mentioned. The commentary is going a long way past complaint of Israeli coverage. It assigns collective guilt to Jews as an entire, erases the honor between Jewish id and Israeli state coverage and portrays a whole non secular and ethnic neighborhood as inherently conspiratorial and perilous. Şimşek then expanded the narrative right into a broader conspiracy principle. In step with him, rabbis instruct Jews all over the world to paintings towards the introduction of a so-called “Greater Israel” till allegedly promised lands around the Heart East — together with territory in japanese Turkey — are seized. “Until they seized the promised land, the land they wanted to acquire, every Jew in the world had to work like a Mossad agent,” he claimed. He additional alleged that Jews are anticipated to switch one-third in their source of revenue to Israel, presenting Jewish existence as a part of a disciplined international community arranged round espionage, cash and territorial growth. Şimşek additionally praised Turkey’s intelligence products and services for what he described as unparalleled crackdowns on Mossad operations within Turkey, crediting former intelligence leader and present International Minister Hakan Fidan, who took over management of the Nationwide Intelligence Group (MIT) in 2010. ![](https://nordicmonitor.com/wp-content/uploads/2022/10/Serhat_Albayrak_photo-300x237.jpg "-")Serhat Albayrak, as soon as a suspect in an arranged crime community along side a one-time al-Qaeda financier, controls nearly all of the Turkish media on behalf of the Turkish president. In step with Şimşek, Fidan close down Mossad liaison places of work in Turkey and halted intelligence-sharing with Israel. He additionally claimed that Turkish government performed kind of 20 police and judicial operations focused on alleged Mossad networks throughout the nation, saying that Turkey used to be the one country on the earth daring sufficient to confront Israeli intelligence actions in the sort of way. During this system Şimşek time and again blurred distinctions between Jews, Zionists, Israel and Mossad, presenting them as a unmarried monolithic enemy. In a single remark he mentioned the Western press must be considered as “Israeli media.” In some other he claimed US president Donald Trump were centered via “Zionists.” The entire narrative prompt that Jews secretly manipulate governments, media methods and armed forces crises in the back of the scenes. But not one of the claims have been supported via verifiable proof. As a substitute, the argument rested at the vintage structure of antisemitic conspiracy pondering: Jews secretly keep watch over the media; Jews dominate international finance; Jews function in unified coordination; and Jews international serve as as brokers of a hidden transnational time table. Such rhetoric displays propaganda constructed on ethnic demonization moderately than factual research. Şimşek has lengthy been a part of a politically weaponized media construction. Previous in his occupation he labored in a unique investigative unit established at Sabah underneath Serhat Albayrak’s path. The unit steadily printed studies according to intelligence leaks and knowledge provided via officers in Turkey’s intelligence products and services, police and judiciary. Critics say lots of the ones tales trusted manipulated or selectively offered news designed to focus on political fighters as a part of mental operations with the intention to undermine Erdogan’s critics, affect the nationwide time table and form public opinion. ![](https://nordicmonitor.com/wp-content/uploads/2025/07/Ibrahim_Kalin_Turkey_Spy_chief-300x195.jpg "-")İbrahim Kalın, the pinnacle of Turkey’s Nationwide Intelligence Group (MIT). What makes the hot broadcast in particular vital is that the antisemitic rhetoric used to be now not voiced on a perimeter platform however aired via one in all Turkey’s maximum outstanding pro-government tv community’s YouTube channel. Şimşek’s remarks, due to this fact, can’t be considered merely as the private reviews of a commentator. Fairly, they mirror narratives that align intently with messaging promoted inside of pro-government media circles. It used to be no accident that during the similar interview Şimşek praised Erdogan, International Minister Hakan Fidan and present intelligence leader İbrahim Kalın, claiming that Israel used to be livid as a result of Turkey had thwarted strategic Israeli plans within the Heart East. Through the years Şimşek has steadily been deployed as a media assault determine in opposition to critics of Erdogan’s authorities. His studies have centered impartial reporters, Kurdish activists, Western governments and political fighters and portrayed them as conspirators operating in opposition to Turkey. In numerous circumstances he has additionally been despatched out of the country on particular assignments geared toward harassing exiled Turkish investigative reporters. Sponsored via Turkish intelligence’s illegal information-gathering campaigns in international territories, those studies have every now and then printed the places of reporters dwelling in exile, exposing them to attainable safety dangers. ![](https://nordicmonitor.com/wp-content/uploads/2024/08/Hakan_Fidan_Turkish_foreign_minister02-300x276.jpg "-")Hakan Fidan, recently the Turkish international minister, orchestrated a chain of false flag operations to improve the Erdogan authorities all over his tenure as head of the Nationwide Intelligence Group (MIT). He additionally produced a chain of articles attacking the Gülen motion, which has been sharply crucial of Erdogan’s insurance policies on problems starting from corruption to Turkey’s helping and abetting armed jihadist teams running throughout its borders. The Turkuvaz Media Staff isn’t the one part of the Erdogan authorities’s sprawling propaganda equipment that has promoted antisemitic and anti-Western narratives. President Erdogan has consolidated near-total keep watch over over a lot of Turkey’s media panorama all over the previous decade. Greater than 200 media retailers were close down or seized since 2015, together with the country’s bestselling Zaman day-to-day, whilst loads of reporters have been imprisoned and plenty of others compelled into exile. The crackdown on impartial journalism earned Erdogan the recognition as some of the global’s maximum competitive persecutors of reporters. At a number of issues Turkey ranked as the rustic with the easiest selection of jailed reporters, surpassing even Russia, Iran and China. Inside that media setting Sabah purposes as central propaganda organ of the pro-government media ecosystem. It operates underneath Turkuvaz Haberleşme ve Yayıncılık A.Ş., whose leader govt officer is indexed as Serhat Albayrak. The gang additionally publishes dozens of magazines, together with authorized world titles comparable to Trend and GQ, and operates a big community of virtual platforms supporting its media manufacturers. Past media, Turkuvaz has expanded into retail, ebook publishing and distribution via firms comparable to D&R and Turkuvaz Kitap, whilst its distribution arm ranks some of the greatest print-distribution networks in Turkey. The unfold of antisemitic narratives via the sort of tough media community carries broader social implications. Turkey’s Jewish neighborhood has already contracted dramatically over the a long time and these days numbers simplest round 15,000 other people. The ongoing dissemination of conspiratorial and opposed rhetoric portraying Jews as international enemies dangers additional endangering some of the nation’s oldest and maximum susceptible minority communities. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Finance **Tags:** controlling, Erdoganowned, Finance, Jews, media, Monitor, Mossad, Nordic, outlet, portrays, spies, wars --- ### [Tech call for fuels 21% surge in Türkiye’s March retail gross sales amid Iran warfare - Türkiye These days](https://turkbusinessnews.com/2026/07/21/tech-call-for-fuels-21-surge-in-turkiyes-march-retail-gross-sales-amid-iran-warfare-turkiye-these-days/) **Published:** July 21, 2026 **Author:** spsingh **Content:** Apple iPhone fashions displayed at an Apple Retailer in Istanbul, Türkiye, Dec. 17, 2019. (Adobe Inventory Picture) Might 11, 2026 04:18 PM GMT+03:00 Retail gross sales quantity in Türkiye climbed 21.2% year-over-year in March, the most powerful annual building up since February 2024, the legitimate figures confirmed. The pointy building up used to be in large part fueled by means of emerging call for for era merchandise, which rose 49.2% year-over-year, with customers speeding into shops over fears that the Iran warfare may just cause worth will increase, in keeping with a sector consultant. Extra to Learn Shoppers front-load purchases On a per month foundation, retail gross sales rose 2.6% in March, whilst gross sales within the computer systems, books and telecommunications apparatus class larger 6.1%. Non-food merchandise with the exception of automobile gasoline posted a three.4% per month upward push. Gas gross sales additionally rose 1.8% throughout the month as emerging oil costs induced customers to fill their tanks forward of anticipated hikes, whilst textiles, clothes and sneakers gross sales grew 1.6%. House equipment gross sales, then again, edged down 0.2%. The full industry gross sales quantity index larger 1.7% from a 12 months previous and 1.9% from the former month. Wholesale industry gross sales quantity declined 3.5% once a year in spite of recording a 2.4% per month building up. The full turnover index rose 34.6% year-over-year in March and larger 4.4% from the former month, whilst the industry turnover index climbed 35.9% once a year and four.9% on a per month foundation. ![Line chart shows the annual change in Türkiye’s trade sales volume index from January 2023 to March 2026. (Chart via TurkStat)](https://img.turkiyetoday.com/images/2026/5/11/tech-demand-boosts-turkiyes-retail-sales-20-in-march-amid-iran-war-3219763_202605111546_20260511154629_1.jpeg) ![](https://www.turkiyetoday.com/s/i/i-fotobuyut.svg) Line chart displays the once a year alternate in Türkiye’s industry gross sales quantity index from January 2023 to March 2026. (Chart by way of TurkStat) Business workforce warns of worth will increase Turkish era outlets be expecting costs of digital units in Türkiye to proceed emerging within the coming months as geopolitical tensions and provide chain pressures upload to mounting prices around the sector. Mustafa Kemal Turnaci, head of the Cell Verbal exchange Units and Knowledge Applied sciences Businessmen Affiliation (MOBISAD), stated manufacturers had to begin with absorbed a part of the price will increase led to by means of the worldwide chip scarcity, delaying worth hikes for customers. “Manufacturers had previously avoided passing higher costs caused by the chip crisis on to consumers. However, with rising costs in January, average prices increased around 20% within three months, and we expect this increase could reach another 25% over the course of the year,” Turnaci instructed Bloomberg HT. “Consumers are bringing purchases forward due to expectations of further price increases,” he added. ![](https://www.turkiyetoday.com/s/i/i-share.svg) Might 11, 2026 04:18 PM GMT+03:00 ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Technology **Tags:** demand, fuels, Iran, March, retail, sales, surge, tech, Today, Türkiye, Türkiyes, war --- ### [Excent Capital Partners With BridgeWise to Bring AI-Powered Market Analysis to All Traders](https://turkbusinessnews.com/2026/07/20/excent-capital-partners-with-bridgewise-to-bring-ai-powered-market-analysis-to-all-traders/) **Published:** July 20, 2026 **Author:** Khalid Alam **Excerpt:** #image_title MAHÉ, Seychelles, Excent Capital, the global multi-asset regulated trading platform that builds and owns its technology, announces a strategic partnership with BridgeWise, a global leader in artificial intelligence for investment analysis. Through this collaboration, AI-powered market analysis is now available… **Content:** ![](https://menawirenow.com/wp-content/uploads/2026/07/Excent-Capital-Partners-With-BridgeWise-to-Bring-AI-Powered-Market-Analysis-to-All-Traders.jpg "-") MAHÉ, Seychelles, [**Excent Capital**](https://excent.capital/), the global multi-asset regulated trading platform that builds and owns its technology, announces a strategic partnership with [**BridgeWise**](https://bridgewise.com/), a global leader in artificial intelligence for investment analysis. Through this collaboration, AI-powered market analysis is now available on the Excent Capital website, at no cost and open to all traders. Excent Capital develops its technology entirely in-house, giving the company full control over the quality of the investor experience and the speed with which innovative solutions meet traders. This approach made the partnership possible. The company selected BridgeWise to bring institutional-grade analysis directly to its audience, integrated natively into the Excent Capital experience and accessible to every visitor. “We chose BridgeWise because they build solutions tailored to each partner, and that approach reflects exactly what we want to offer our clients: an experience designed specifically for them.” **Jethran Gómez, Technology Leader at Excent Capital.** **More Knowledge, Better Decisions** BridgeWise applies proprietary artificial intelligence, built specifically for financial markets, to analyse thousands of listed companies worldwide. The result is a consolidated view of market data and company analysis, bringing together information that can support research activities. **That intelligence is now freely available to every visitor**, so any trader can research an asset and build a clear understanding of it before taking a position. **Clear Analysis, Made for Traders** The [Analysis IQ resource](https://excent.capital/en/resources/analysis-iq/), powered by BridgeWise, is presented in plain language, designed to be read quickly and applied directly. Traders can see how a company is performing, how it compares with its peers, and what is driving its results. For each asset, the Analysis IQ widgets on Excent Capital answer questions every trader asks: - **“How strong is it?”** A clear score summarises the overall picture in seconds. - **“How does it compare?”** A side-by-side view places the asset alongside similar instruments and shows where it stands within its sector. - **“What is the market signalling?”** Technical and fundamental indicators highlight what is moving and what deserves closer attention. **A Complete View of Every Stock** A single search in Analysis IQ brings the full picture together: what is driving a stock’s price, how it has performed over time, and where it sits within its sector. The tool covers stocks from markets around the world, consolidating research that previously required multiple sources into one view. Analysis IQ is updated as new data arrives. When the market moves, the analysis moves with it. “Excent Capital shares our conviction that not only should advanced market intelligence be accessible to every investor, but they should be able to access it in the most intuitive and personalised way. Together we are setting a new standard for the experience that traders can expect from their broker.” **Dor Eligula, CBO and Co-founder at BridgeWise.** Analysis IQ is live now on the Excent Capital website, open to all visitors. The launch is the latest step in a continuing programme of new resources and features, and reflects Excent Capital’s commitment to giving traders the tools and information they need to navigate global markets with clarity. **About Excent Capital** [Excent Capital Ltd.](https://excent.capital/) is a multi-asset trading platform built on technology the company designs, develops and operates itself. That ownership shapes every part of the client experience, from execution and security to the tools available on the platform. Over five years of consistent growth, Excent Capital has expanded its presence across multiple regions while keeping its infrastructure and service delivery fully in-house, a model that allows the company to set its own standards and raise them continuously. With offices across Latin America and Europe, the company supports clients in their own languages and time zones, backed by local teams who work to the same standards wherever they are based. **About BridgeWise** [BridgeWise](https://bridgewise.com/) is an investment AI for financial institutions. Embedded directly into financial platforms, our regulated investment AI powers a premium guided investment experience for every type of investor, 24/7. Leading global financial institutions, including Rakuten Securities, B3 and SIX, trust BridgeWise to reshape their investment experience and drive deeper customer relationships, turning loyalty into new pathways for growth. With offices in the US, Latin America, Europe, East Asia and the Middle East, BridgeWise serves over 100 financial institutions and 100+ million investors worldwide. **Contact** **Marketing Manager** **Ryccielli Ongaratto support@excent.capital** ***Syndication Notice:** This press release is syndicated from the [original source](https://www.globenewswire.com/news-release/2026/07/20/3329700/0/en/excent-capital-partners-with-bridgewise-to-bring-ai-powered-market-analysis-to-all-traders.html) for informational purposes. We do not claim ownership of the content. All copyrights, trademarks, images, and other intellectual property remain the property of their respective owners.* The post [Excent Capital Partners With BridgeWise to Bring AI-Powered Market Analysis to All Traders](https://menawirenow.com/2026/07/excent-capital-partners-with-bridgewise-to-bring-ai-powered-market-analysis-to-all-traders/) first appeared on [MENAWireNOW](https://menawirenow.com). **Publishing Source::** [menawirenow.com](https://menawirenow.com/2026/07/excent-capital-partners-with-bridgewise-to-bring-ai-powered-market-analysis-to-all-traders/?utm_source=rss&utm_medium=rss&utm_campaign=excent-capital-partners-with-bridgewise-to-bring-ai-powered-market-analysis-to-all-traders) ![author avatar](https://secure.gravatar.com/avatar/b0b2f43b8f4013c52ba00aabb6ee1ac16a6b6df7a92e11fbb96a6200322b931c?s=300&d=mm&r=g) Khalid Alam Financial news writer focused on market analysis, company announcements, and investment opportunities [See Full Bio](https://turkbusinessnews.com/author/khalid-alam/) [ ](https://turkbusinessnews.com/author/khalid-alam/) **Categories:** Press Release --- ### [Euro space inflation eases to two.8% in June, confirming estimates](https://turkbusinessnews.com/2026/07/20/euro-space-inflation-eases-to-two-8-in-june-confirming-estimates/) **Published:** July 20, 2026 **Author:** spsingh **Content:** Annual client inflation within the euro space eased to two.8% in June, down from 3.2% in Would possibly, confirming initial estimate, consistent with ultimate knowledge launched by means of Eurostat on Friday. The velocity was once above the two% recorded in June 2025. Shopper costs within the 21-member forex space fell 0.1% month-on-month. Core inflation, except for calories, meals, alcohol and tobacco, declined to two.4% every year from 2.6% in Would possibly. Products and services made the biggest contribution to the once a year inflation charge, including 1.51 share issues, adopted by means of calories with 0.77 issues, meals, alcohol and tobacco with 0.29 issues, and non-energy business items with 0.18 issues. Products and services inflation eased to a few.2% from 3.5%, whilst calories costs rose 8.5% year-on-year, in comparison with a ten.8% building up in Would possibly. Inflation in meals, alcohol and tobacco slowed to at least one.5%, whilst costs for non-energy business items greater 0.7%. Around the Eu Union, annual inflation fell to two.9% in June from 3.3% in Would possibly. The bottom inflation charges amongst EU contributors have been recorded in Sweden at 1%, Czechia at 1.1% and Denmark at 1.8%. Romania posted the very best charge at 9.2%, adopted by means of Lithuania at 5.4% and Bulgaria at 5.2%. When put next with Would possibly, annual inflation declined in 22 EU international locations, remained unchanged in 3 and greater in two. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Business **Tags:** area, confirming, eases, estimates, Euro, inflation, June --- ### [Türkiyes overseas minister marks Cyprus Peace Operation anniversary](https://turkbusinessnews.com/2026/07/20/turkiyes-overseas-minister-marks-cyprus-peace-operation-anniversary/) **Published:** July 20, 2026 **Author:** spsingh **Content:** Türkiye’s International Minister Hakan Fidan on Monday marked the 52nd anniversary of the 1974 Cyprus Peace Operation, pronouncing the army intervention secured the liberty, safety, and long run of the Turkish Cypriot other folks and reaffirming Ankara’s dedication to protecting their rights. “We proudly and enthusiastically celebrate the 52nd anniversary of the Cyprus Peace Operation, which secured the freedom, security and future of the Turkish Cypriot people,” Fidan stated in a commentary thru US social media platform X. He stated that on nowadays 52 years in the past, Türkiye acted consistent with the rights and responsibilities coming up from the 1960 Treaty of Ensure, sporting out the Cyprus Peace Operation along Turkish Cypriot resistance warring parties. “Türkiye, shoulder to shoulder with our heroic Mujahideen, ensured the safety of our Turkish Cypriot brothers and sisters, who were facing the threat of annihilation, and guaranteed their presence on the island,” Fidan stated. He added that the Turkish Armed Forces additionally laid the basis for the peace, balance, and safety that experience prevailed at the island for greater than part a century. “Today, Turkish Cypriots continue their lives freely, honorably and securely under the roof of the Turkish Republic of Northern Cyprus,” he stated. Reaffirming Ankara’s place, Fidan stated: “As the motherland and guarantor, Türkiye will continue, as it has in the past, to resolutely defend the rights and interests of the Turkish Cypriot people.” He additionally paid tribute to the Turkish infantrymen and Turkish Cypriot warring parties who misplaced their lives right through the operation, expressing gratitude to veterans for his or her carrier. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** National **Tags:** anniversary, Cyprus, foreign, marks, minister, Operation, peace, Türkiyes --- ### [Lithuanian protection minister claims Russia sees Baltics, Poland as subsequent objectives](https://turkbusinessnews.com/2026/07/20/lithuanian-protection-minister-claims-russia-sees-baltics-poland-as-subsequent-objectives/) **Published:** July 20, 2026 **Author:** spsingh **Content:** Lithuanian Protection Minister Robertas Kaunas claimed Monday that Russia perspectives the Baltic states and Poland as the following objectives in a brand new escalation. “The Kremlin, (President Vladimir) Putin, needs a new escalation, some kind of new win, and the Baltic region and Poland are the nearest target in this case,” Kaunas informed broadcaster LRT. He famous that the battle in Ukraine isn’t unfolding as Russia had deliberate, mentioning its reflections seen inside Russian society. “They are unable to win, and today explosions are echoing within Russia itself, there are fuel shortages. … Russian society is already questioning the Kremlin regime about why this is happening and where the promised victory is,” Kaunas added. He reaffirmed that Lithuania stepped up safety and coverage for bridges, electrical energy substations, gasoline provide techniques, and communications hubs. Kaunas famous that they don’t seem to be in the hunt for to impress Russia however are as an alternative strengthening their protection and army features as a member of NATO and the EU. Lithuanian President Gitanas Nauseda additionally warned ultimate week that Russia could also be making ready centered assaults on crucial infrastructure in Lithuania and different Baltic states to check NATO’s team spirit, mentioning intelligence tests. The Kremlin, on the other hand, disregarded the caution and referred to as the claims a brand new batch of “horror stories.” ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** International **Tags:** Baltics, claims, defense, Lithuanian, minister, Poland, Russia, sees, targets --- ### [Turkey secures $4 billion in global investment for quake restoration](https://turkbusinessnews.com/2026/07/20/turkey-secures-4-billion-in-global-investment-for-quake-restoration/) **Published:** July 20, 2026 **Author:** spsingh **Content:** Duvar English Turkish Finance Minister Mehmet Şimşek on Aug. 31 introduced that the ministry persevered to protected cheap financing from global establishments to reconstruct the area suffering from the Maraş-centered earthquakes of Feb. 6. Şimşek mentioned that the Finance Ministry has secured roughly 4 billion bucks in exterior sources for earthquake financing in 2023 and 2024, and negotiations have been ongoing to protected an extra two billion through the tip of this 12 months. “Our efforts to obtain favorable external resources from financial institutions for the development of both the earthquake-affected region and our country will continue,” the minister mentioned. Not too long ago, the Asian Infrastructure Funding Financial institution granted roughly 187 million euros in long-term financing at below-market rates of interest to Turkey’s Common Directorate of Highways to fund the restore and development of roads, tunnels, and bridges broken through the earthquake. Şimşek additionally famous ongoing efforts to protected 100 million bucks from the Islamic Construction Financial institution for Turkish Eximbank to fortify the financing of exporters within the earthquake zone and their inexperienced transformations. Every other 100 million bucks was once secured from the Global Islamic Business Finance Company for Türkiye Construction and Funding Financial institution to fortify global business for companies suffering from the earthquake, and 50 million bucks was once supplied to Türkiye Commercial Construction Financial institution. Şimşek stressed out that cooperation with global monetary establishments would proceed, declaring, “These resources are a sign of confidence in the program we are implementing.” At the first anniversary of the earthquakes, the Eu Fee signed a 400 million euro (430 million greenback) help settlement to fortify Turkey’s restoration. A contemporary file through the Public Expenditure Tracking Platform (KAHİP) analyzed the distribution of crisis budgets inside of Turkey’s metropolitan municipalities. The file discovered that native governments prioritized spending on crisis reaction measures whilst allocating inadequate sources to chance relief, and famous that collaboration between central and native governments was once vital for city transformation. Now over 1,5 years after the quakes, infrastructure stays inadequate for the survivors a few of whom nonetheless reside in transient dwelling gadgets and revel in ingesting water shortages, restricted get admission to to healthcare and training, and widespread flooding within the iciness months. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Finance **Tags:** billion, funding, international, quake, recovery, secures, Turkey --- ### [Eyes on chips, OS as Türkiye maps out virtual sovereignty push](https://turkbusinessnews.com/2026/07/20/eyes-on-chips-os-as-turkiye-maps-out-virtual-sovereignty-push/) **Published:** July 20, 2026 **Author:** spsingh **Content:** A landmark partnership between Türk Telekom and Aselsan is laying the groundwork for sensible conversation units powered by way of home chip expertise, a countrywide running method (OS) and on-device synthetic intelligence (AI). The strategic cooperation settlement signed by way of Türkiye’s main telecom operator and protection electronics maker this week represents way over an odd company announcement within the nation’s expertise historical past. Sponsored by way of the Ankara Chamber of Trade (ATO) and the Turkic International Trade Council, the initiative officially outlines a highway map to increase absolutely home smartphones, person units and communications infrastructure, from {hardware} and tool to chips and running programs. From an international point of view, the timing is very important. Provide chain disruptions pushed by way of U.S.-China festival in semiconductors, the best way the Russia-Ukraine conflict uncovered communications infrastructure as a strategic weapon, and increasingly more subtle cyberattacks have all made one fact unmistakably transparent: conversation units are not most effective shopper expertise merchandise, however important elements of nationwide safety. Home chip expertise As Aselsan CEO Ahmet Akyol has emphasised, the challenge isn’t merely about financial localization. At its core lies the query of virtual sovereignty. Synthetic intelligence will serve now not simply as a device on this adventure, however because the spine of all the ecosystem, from design and production to repairs and cybersecurity. On the heart of each and every virtual independence debate stands the similar onerous fact: home chip expertise. If the chip within a tool stays foreign-made, complete technological sovereignty can’t be accomplished, without reference to how localized the tool layer turns into. Because of this, the primary and most crucial job dealing with the ecosystem architects is the advance of a home system-on-chip (SoC) structure. Overseas chip platforms akin to Qualcomm, MediaTek, or Apple Silicon lift doable {hardware} backdoor dangers, stay prone to supply-chain disruptions and will destabilize complete ecosystems if licensing prerequisites exchange. A home SoC, against this, may just at once combine options akin to crypto accelerators, depended on execution environments (TEE) and true random quantity turbines (TRNG) on the {hardware} degree. Neuromorphic processing devices able to working massive language fashions and image-processing algorithms at once at the machine, with out depending on cloud infrastructure, may be optimized round a countrywide structure. From fabless design to production partnership Aselsan’s revel in in army communications and spectrum control might be at once transferred into civilian modem design. A rustic able to growing its personal chips would additionally achieve higher freedom from export restrictions akin to ITAR controls and Ecu dual-use laws. Türkiye recently does now not possess home 5nm or 7nm semiconductor fabrication crops, and that fact can’t be omitted. On the other hand, the fabless design type gives a practical place to begin. Chip architectures might be absolutely designed by way of Turkish engineers whilst manufacturing is outsourced to foundries in spouse international locations akin to TSMC or Samsung. On the similar time, growing home foundry capability for 28nm and extra mature procedure applied sciences may just develop into a medium-term nationwide goal. Aselsan’s revel in, having produced greater than 1 million communications programs, supplies a precious engineering tradition and high quality infrastructure for this sort of transformation. The combination of home chips, a countrywide running method and AI applied sciences is envisioned as the basis of a completely impartial virtual ecosystem throughout shopper units, establishments and infrastructure. The wider purpose is to transport Türkiye from being a expertise shopper to turning into a expertise manufacturer and exporter, whilst additionally extending the ecosystem to regional companions around the Turkic global to reach higher scale. Nationwide running method layer below building The running method that can run on home chips represents the ecosystem’s 2d important layer. Starting with a spinoff constructed at the Android Open Supply Venture (AOSP) would give you the quickest trail towards software compatibility and developer adoption. Over the long run, then again, Türkiye is predicted to require its personal protected running method kernel. The envisioned platform would come with encryption requirements authorized by way of nationwide cryptographic government, together with AES-256 and home algorithms akin to KUZEY, along hardware-based protected boot mechanisms. A Türkiye-based software market may be deliberate as a substitute for Google Play and Apple’s App Retailer, that includes qualified home packages for banking, healthcare, e-government and communications products and services. The running method layer is predicted to incorporate an built-in AI inference engine with speech reputation, herbal language processing and personalization functions constructed at once into the platform. The wider structure would moreover require end-to-end encrypted garage and communications programs, along knowledge localization regulations making sure that person knowledge is saved solely inside of knowledge facilities positioned in Türkiye. New technology starts in AI-powered seek Google is rolling out essentially the most sweeping transformation to its seek engine in additional than 25 years, basically redesigning the hunt revel in. The corporate is transferring past a method that most effective solutions questions towards an agent-based technology wherein AI actively plays duties on behalf of customers. Subsequent-generation seek applied sciences are present process a profound shift pushed by way of synthetic intelligence. On the heart of this new segment is a redesigned clever seek field powered by way of Gemini 3.5 Flash, able to expecting person intent and serving to form queries in genuine time. Customers are not restricted to text-based searches; they may be able to now seek the use of photographs, paperwork, movies or even open Chrome tabs. As well as, the brand new “Personal Intelligence” layer, anticipated to release throughout more or less 200 international locations and 98 languages, will permit customers to soundly attach Seek with Gmail, Google Footage and shortly Google Calendar, enabling way more contextual and personalised effects. Technology of Common Cart Google additionally presented the Common Cart function because the core infrastructure at the back of its agent-based trade technique. Merchandise added whilst surfing Seek, Gemini, YouTube or Gmail can now be amassed right into a unmarried clever buying groceries cart. The Common Cart displays reductions within the background, tests stock availability or even warns customers when incompatible merchandise, akin to mismatched laptop {hardware} elements, are decided on, whilst suggesting possible choices. Thru integration with Google Pockets and the Common Trade Protocol, purchases will also be finished securely with a unmarried click on. 4 instances quicker efficiency Lots of the bulletins presented at Google I/O 2026 also are being abruptly deployed in Türkiye. The brand new Gemini 3.5 Flash type, which Google says operates 4 instances quicker than earlier generations, is now to be had in Türkiye via each AI Mode in Seek and the Gemini software. The letters AI for synthetic intelligence is noticed on a pc display screen (R) subsequent to the emblem of Google’s Gemini chatbot software on a smartphone display screen in Frankfurt am Primary, western Germany, Would possibly 13, 2026. (AFP Photograph) The redesigned clever seek interface and its generative functions are likewise turning into to be had to customers in Türkiye beginning instantly. Good glasses to release this autumn Google additionally introduced that its AI-powered sensible glasses, designed to offer contextual help with out disconnecting customers from the bodily global, will release this autumn. Advanced in partnership with Samsung, Qualcomm, Mild Monster and Warby Parker, the glasses can be presented in two number one variations: an audio-focused type and a display-equipped model. With out taking their telephones out in their wallet, customers will be capable of turn on the method with voice instructions akin to “OK Google” to invite questions on surrounding gadgets, obtain navigation steering or carry out real-time voice translation. The glasses may also combine Google’s Nano Banana type, enabling customers to seize funny or edited footage via voice instructions at once at the machine. Virtual footprints and emerging wave of private knowledge publicity A silent danger is rising at the back of displays. Whether or not via virtual stalking or knowledge publicity assaults, the result is regularly the similar: an individual’s maximum non-public data results in anyone else’s palms with out consent. An international file printed by way of Kaspersky this month illustrates the size of the issue with concrete figures. Consistent with the find out about, carried out amongst 7,600 other people throughout 19 international locations, 8.5% of respondents mentioned that they had been sufferers of virtual stalking, whilst 5.4% reported that their private data were uncovered on-line via doxing. To start with look, the ones figures might seem quite small. But if implemented to the size of the worldwide web inhabitants, they level to a massive choice of affected folks. Rising choice of threats Private knowledge publicity isn’t a unmarried, remoted incident. Extra regularly, it’s the end result of a steady procedure that most often starts with surveillance. Hidden monitoring packages referred to as stalkerware are most often put in after bodily get admission to is received to a sufferer’s smartphone. As soon as put in, those equipment perform invisibly within the background, permitting attackers to remotely observe location knowledge, textual content messages, footage, voice calls and perusing historical past. Kaspersky’s knowledge protecting the 2024-2025 length presentations that 33 in the past unseen stalkerware households have been recognized right through that point, with sufferers unfold throughout greater than 160 international locations. Previous stories from 2023 indicated that the choice of other people affected globally by way of stalking tool rose 5.8% year-over-year to 31,031 folks. Türkiye ranked some of the best 5 international locations on that record, with 1,063 affected customers. Deepening invisibility downside The growth of the danger is pushed now not most effective by way of expertise itself, but additionally by way of the absence of a shared language for outlining those crimes. Leonie Maria Tanczer, affiliate professor on the UCL Pc Science Division, argues that technology-enabled abuse continues to be now not sufficiently known as an impartial class of injury. Consistent with Tanczer, one of the vital major causes is the loss of a not unusual working out of which behaviors fall inside of that definition. In apply, this hole has severe penalties: many reports pass unreported and not succeed in formal improve mechanisms. Not like conventional kinds of abuse, those crimes regularly go away no visual bodily hint. As a result of stalkerware operates silently within the background, sufferers might stay unaware that their messages are being learn, their places monitored, or their footage accessed by way of attackers. Analysis carried out collectively by way of UCL and Safe haven, a home violence improve group, discovered that stories associated with technology-enabled abuse rose 207% between 2018 and 2024. The rise displays now not merely higher consciousness, however the rising scale of the danger itself. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Technology **Tags:** chips, Digital, eyes, maps, push, sovereignty, Türkiye --- ### [A number of Kuwaiti squaddies injured in Iranian drone moves on army amenities: Military](https://turkbusinessnews.com/2026/07/19/a-number-of-kuwaiti-squaddies-injured-in-iranian-drone-moves-on-army-amenities-military/) **Published:** July 19, 2026 **Author:** spsingh **Content:** A number of Kuwaiti squaddies have been injured Friday morning after Iranian drones centered a couple of army amenities and bases within the nation, the Kuwaiti military stated. In a remark, the military stated Leader of Normal Group of workers Lt. Gen. Khaled Daraj Saad Al-Shuraian and Deputy Leader of Normal Group of workers Air Vice Marshal Sabah Jaber Al-Ahmad Al-Sabah visited injured contributors of the Kuwaiti Land Forces. The warriors have been wounded when Iranian drones struck a number of Kuwaiti army amenities and camps, it stated, with out disclosing the collection of casualties or figuring out the centered websites. All the way through the talk over with, the commanders have been briefed through clinical groups at the situation of the wounded squaddies and the remedy being equipped, the remark added. The announcement got here amid a widening regional war of words between Iran and the USA. Tehran stated Friday that its forces had centered US army property in Kuwait, Oman, Syria, Jordan, Bahrain and Qatar in retaliatory moves. Kuwait has prior to now stated its air defenses intercepted Iranian missiles and drones focused on the rustic. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Business **Tags:** army, Drone, facilities, injured, Iranian, Kuwaiti, military, soldiers, strikes --- ### [Venezuela awards state medal to Turkish rescuer for saving 38 in earthquakes](https://turkbusinessnews.com/2026/07/19/venezuela-awards-state-medal-to-turkish-rescuer-for-saving-38-in-earthquakes/) **Published:** July 19, 2026 **Author:** spsingh **Content:** Turkish nationwide Ibrahim Eser, who helped rescue 38 other folks trapped beneath rubble after the dual earthquakes that struck Venezuela, was once awarded the Hero of Venezuela Medal via Performing President Delcy Rodriguez in reputation of his odd efforts. From the primary moments after the earthquakes, Eser additionally equipped Anadolu with pictures and knowledge documenting the crisis, serving to convey the dimensions of the tragedy to global consideration. Talking at a rite held at Jorge Luis Garcia Carneiro Stadium in L. a. Guaira, Rodriguez introduced the medal to Eser, in addition to participants of Venezuela’s safety and emergency reaction companies who took section in rescue and coordination efforts following the crisis. Addressing the rite, Rodriguez praised the rescue groups for his or her determination, pronouncing that they had performed their tasks with honor and dignity, fought tirelessly to save lots of lives and embodied Venezuela’s spirit of resilience and cohesion. Chatting with Anadolu, Eser described his assembly with Rodriguez, the method resulting in the award and the rite. He stated Rodriguez had just lately attended the inauguration of a tent town established via Türkiye’s Crisis and Emergency Control Authority (AFAD), the place Türkiye’s Ambassador to Caracas Naci Aydan Karamanoglu discussed Eser’s humanitarian paintings. Eser stated Rodriguez later approached him individually, pronouncing: “She thanked me and said, ‘I have been following you and your work online. Thank you for everything.’ Then she turned to her team and said, ‘We need to present Ibrahim with an award. He truly deserves it,'” he recalled. Eser stated he later gained a telephone name from the presidential palace inquiring for details about his id and the way lengthy he have been in Venezuela prior to being knowledgeable that Rodriguez wanted to give him with the medal. Eser stated one second on the rite stood out particularly. He famous that Rodriguez greeted attendees however didn’t shake palms with them. Alternatively, she addressed him via identify, held his hand and individually thanked him for his efforts, a gesture he described as particularly significant. In line with Eser, Rodriguez informed him: “What you have done is a source of honor and pride.” “I replied, ‘The honor belongs to all of us. Just as we worked from the first day, we will continue to do so.’ It was a brief conversation. She thanked me and moved on,” he stated. Eser additionally famous that a large number of Cupboard ministers and senior officers, together with the ministers of internal, international affairs and protection, attended the rite. “Everyone, whether I knew them or not, came over to greet me. They kept saying, ‘Turk, thank you for everything,'” he stated. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** National **Tags:** Awards, earthquakes, medal, rescuer, saving, State, Turkish, Venezuela --- ### [Caspian Pipeline Consortium says 2 oil tankers attacked through drones close to its Black Sea terminal](https://turkbusinessnews.com/2026/07/19/caspian-pipeline-consortium-says-2-oil-tankers-attacked-through-drones-close-to-its-black-sea-terminal/) **Published:** July 19, 2026 **Author:** spsingh **Content:** The Caspian Pipeline Consortium (CPC) mentioned Sunday two oil tankers, known because the Liberia-flagged ASIA and the Marshall Islands-flagged NISSOS IOS, have been attacked through drones close to its terminal in Black Sea. In step with a CPC remark, oil loading operations have been suspended following the assault. The operator mentioned no casualties or oil spills have been reported. A hearth broke out aboard the ASIA tanker however was once extinguished through emergency reaction groups, the remark mentioned. The CPC condemned the strike, calling it the 5th “act of direct aggression” in opposition to what it described as a civilian facility secure below world regulation. “The Caspian Pipeline Consortium unites the largest fuel and energy enterprises of Russia, the United States, Kazakhstan and several Western European countries. An attack on the company’s facility and civilian vessels at the CPC Marine Terminal is also an attack on the interests of the consortium’s member countries,” the remark mentioned. The consortium famous that it hasn’t ever been matter to world sanctions, announcing this displays its significance to international power safety and the pursuits of its world shareholders. CPC transports crude oil from Kazakhstan’s Tengiz, Kashagan, and Karachaganak fields. The consortium mentioned it shipped about 70.5 million metric heaps of oil in 2025, with greater than 75% of the quantity belonging to overseas manufacturers. Previous, Ukraine’s Basic Personnel mentioned its forces struck two tankers within the Black Sea, which it mentioned are used to move Russian oil, petroleum merchandise, and gasoline. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** International **Tags:** attacked, Black, Caspian, Consortium, drones, oil, pipeline, Sea, tankers, terminal --- ### [Turkey seeks to calm traders after opposition ruling sparks sell-off](https://turkbusinessnews.com/2026/07/19/turkey-seeks-to-calm-traders-after-opposition-ruling-sparks-sell-off/) **Published:** July 19, 2026 **Author:** spsingh **Content:** Release the Editor’s Digest at no cost Senior Turkish officers sought to reassure traders after a landmark court docket ruling tightened President Recep Tayyip Erdoğan’s grip on energy, sparking marketplace panic and intensifying considerations about democratic backsliding. Finance minister Mehmet Şimşek, recent from an investor roadshow in London, convened a gathering of best financial officers on Friday to stem the marketplace turbulence that adopted Thursday’s court docket resolution to take away the chief of Turkey’s largest opposition celebration. The federal government will “take necessary and co-ordinated steps to safeguard macro-financial stability” and “ensure the uninterrupted continuation of the disinflation process”, Turkey’s Monetary Balance Board mentioned in a commentary after the assembly, with out providing any main points. The Ankara court docket’s bombshell ruling ousted Özgür Özel as the pinnacle of the Republican Folks’s Birthday celebration (CHP) and ordered the go back of the celebration’s former chief Kemal Kılıçdaroğlu, an unpopular and divisive determine. The transfer, which might hobble Turkey’s primary opposition celebration, smooths Erdoğan’s trail to increase his 23 years in energy, analysts mentioned, and may just see the strongman president name a snap common election as early as q4. Finance minister Mehmet Şimşek convened a gathering of best financial officers on Friday © Samuel Corum/Bloomberg Turkish shares closed down greater than 6 in line with cent on Thursday in frantic afternoon buying and selling. In forex markets, buyers mentioned state lenders supported the lira with up to $8bn of buck gross sales, Reuters and Bloomberg reported. That marketplace response echoed the turmoil that adopted the arrest ultimate yr of Istanbul mayor Ekrem İmamoğlu, extensively observed as Erdoğan’s primary political rival, which pressured the central financial institution to spend $50bn to enhance the lira and lift rates of interest. Markets have been calmer on Friday. In early buying and selling, Turkish shares rose 1.5 in line with cent, whilst the lira weakened 0.4 in line with cent to 45.7 in opposition to the buck. Turkish markets are closed subsequent week for the Bayram non secular vacation from Tuesday afternoon onwards. Monday is a financial institution vacation in the United Kingdom, the place a large number of offshore Turkish buying and selling takes position. Turkey’s vice-president Cevdet Yılmaz sought to mission a picture of business-as-usual at an funding convention in Istanbul on Friday. “The Turkish economy will continue to grow,” he mentioned. “The effects of daily developments are temporary.” Even so, Turkey’s financial system has come beneath expanding pressure on account of the Iran conflict, which in particular impacts the rustic because it imports virtually three-quarters of its power. Overseas reserves suffered a file $43bn decline in March, the present account deficit has widened, exposing a possible financing hole, and inflation is working at 33 in line with cent. “Turkey is far more vulnerable to an adverse political shock today,” mentioned Liam Peach, senior economist at Capital Economics. Özel, who has emerged as an lively and resourceful opposition chief, mentioned he would face up to any try to oust him, and that the celebration’s management would stay camped out in CHP headquarters. The CHP has two weeks to release an enchantment with the preferrred court docket. A primary enchantment to a decrease court docket was once rejected on Friday. “I will remain in the building,” Özel wrote on X. “We are not going anywhere!” Analysts warned that proceeding political turmoil and the worsening world financial system would most probably result in endured capital outflows from Turkey. “We anticipate that foreign exchange reserves losses will resume . . . as capital outflows persist amid intensifying political risks and a challenging external backdrop,” JPMorgan economists wrote in a word on Friday. Even though maximum footloose portfolio funding has already exited the rustic, they estimated that overall overseas holdings of native Turkish belongings — from lira deposits and bonds or equities — nonetheless stood at $63bn, greater than web central financial institution reserves. Turkey’s gross overseas reserves stood at $167bn within the week finishing Would possibly 15, in keeping with the most recent professional figures, whilst web reserves, which exclude swaps, have been $37bn. The central financial institution publishes its steadiness sheet with a lengthen, that means that the consequences of any fresh foreign currencies intervention may not be visual in public knowledge till a minimum of subsequent week. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Finance **Tags:** calm, investors, opposition, ruling, seeks, selloff, sparks, Turkey --- ### [Türk Telekom Expands AI-Powered Virtual Transformation Mission for Turkey's Jail Machine - TechAfrica Information](https://turkbusinessnews.com/2026/07/19/turk-telekom-expands-ai-powered-virtual-transformation-mission-for-turkeys-jail-machine-techafrica-information/) **Published:** July 19, 2026 **Author:** spsingh **Content:** The brand new section will combine AI-driven functions into the venture”s virtual infrastructure to toughen operational potency throughout correctional amenities. Türk Telekom has signed a brand new cooperation protocol with Turkey’s Ministry of Justice to amplify the usage of synthetic intelligence and next-generation applied sciences throughout the nation’s jail gadget, additional advancing the virtual transformation of public services and products. The settlement builds at the Integration of Sensible Applied sciences into Penal Establishments Mission (ACEP), a long-running initiative collectively applied by way of Türk Telekom and the Ministry of Justice. The brand new section will combine AI-driven functions into the venture’s virtual infrastructure to toughen operational potency throughout correctional amenities. The protocol was once signed between Türk Telekom and the Common Directorate of Prisons and Detention Homes of the Ministry of Justice, reinforcing the partnership’s dedication to modernizing public sector operations via complex virtual applied sciences. The improved ACEP platform has been advanced by way of Innova, a Türk Telekom crew corporate, the usage of in the neighborhood engineered era and home assets. The answer is designed to ship a extra complete virtual transformation for penal establishments whilst supporting Turkey’s broader “Digital Turkey” schedule and nationwide era technique. Türk Telekom mentioned the initiative displays its ongoing position in supporting public sector digitalization via its telecommunications infrastructure and era experience. By means of integrating AI and different rising applied sciences into govt techniques, the corporate targets to toughen potency, streamline operations, and boost up the adoption of virtual services and products throughout public establishments. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Technology **Tags:** AIPowered, Digital, Expands, News, Prison, project, system, TechAfrica, Telekom, transformation, Türk, Turkeys --- ### [KAIYI X7 Hybrid and X7 AWD Release within the UAE as Logo Expands Its International Footprint](https://turkbusinessnews.com/2026/07/18/kaiyi-x7-hybrid-and-x7-awd-release-within-the-uae-as-logo-expands-its-international-footprint/) **Published:** July 18, 2026 **Author:** News Desk **Content:** YIBIN, China — On June 27, Legend Team, Kaiyi’s native distributor, introduced KAIYI X7 Hybrid and X7 AWD in Dubai, UAE, bringing its plug-in hybrid (PHEV) and all-wheel-drive (AWD) choices to native consumers. Thru automobile presentations, product reports and performances, the development showcased KAIYI’s growth in new power mobility and clever AWD expertise. The 2 fashions enlarge native possible choices for kin go back and forth, day-to-day commuting and long-distance trips. **Two Fashions Release in a Product Revel in** KAIYI unveiled each fashions with a technology-led level presentation and visible results. Visitors explored the cars up shut, gaining a clearer view of the emblem’s product strengths, design and new power features. Visitors explored the cars up shut, gaining a clearer view of the emblem’s product strengths, design and new power features. A KAIYI spokesperson stated, “Middle Eastern customers value comfort, reliability, space and performance in high temperatures. This launch deepens our understanding of local mobility needs across family travel, city commuting and longer journeys. We will continue to refine our products around regional needs and offer customers practical, comfortable, and mobility choices.” **Designed for Households and Neatly Suited for Heart East Riding Wishes** The UAE’s year-round warmth, family-oriented way of life and sundry highway prerequisites create call for for spacious, succesful SUVs. Evolved to world requirements and calibrated for the UAE, the X7 Hybrid and X7 AWD are designed to fulfill those wishes. The X7 Hybrid options an clever hybrid machine, a mixed using vary of greater than 1,200 km and zero–100 km/h acceleration in 7.9 seconds. It balances responsive efficiency with practicality. Its 5+2 seating structure helps kin outings, intercity go back and forth and day-to-day commutes, making it appropriate for higher families. The X7 AWD is constructed for prerequisites starting from town roads and prime temperatures to unpaved surfaces. Its clever AWD machine dynamically distributes torque to give a boost to balance and regulate, giving drivers self assurance throughout other terrains. **Advancing KAIYI Auto’s International Technique within the Heart East** KAIYI continues to mix world product building with localized operations. Operating with native companions, the emblem is increasing gross sales channels, strengthening carrier features and making improvements to the possession enjoy to beef up long-term enlargement within the Heart East. Media Touch: Wang Hanlu, Senior Logo Supervisor E mail: wanghanlu@newcowin.com ***Syndication Understand:** This press free up is syndicated from the [authentic supply](https://www.globenewswire.com/news-release/2026/07/17/3329257/0/en/kaiyi-x7-hybrid-and-x7-awd-launch-in-the-uae-as-brand-expands-its-global-footprint.html) for informational functions. We don’t declare possession of the content material. All copyrights, emblems, photographs, and different highbrow belongings stay the valuables in their respective homeowners.* ![author avatar](https://secure.gravatar.com/avatar/4e3a45e03c0bce69b866fb10b522d054c74b2afa03adaeb29a3148d4aadd366e?s=300&d=mm&r=g) News Desk [See Full Bio](https://turkbusinessnews.com/author/news-desk/) [ ](https://turkbusinessnews.com/author/news-desk/) **Categories:** Press Release --- ### [JETOUR Strengthens World Soccer Partnerships Thru “Travel⁺” Technique](https://turkbusinessnews.com/2026/07/18/jetour-strengthens-world-soccer-partnerships-thru-travel⁺-technique/) **Published:** July 18, 2026 **Author:** News Desk **Content:** WUHU, China — As soccer continues to unite lovers international, JETOUR is leveraging the game’s international affect to deepen connections with customers throughout key in another country markets. Guided through its Commute⁺ technique, JETOUR has established a rising soccer partnership community spanning Latin The us, the Center East, and Africa, integrating automobile tradition with native sports activities communities and life. Soccer’s spirit of exploration, teamwork, and keenness aligns with JETOUR’s dedication to making significant commute reports. Guided through the worldwide philosophy of “In Somewhere, For Somewhere, Be Somewhere,” JETOUR continues to interact with native cultures and communities, the usage of soccer as a shared language to construct more potent relationships with customers international. Lengthy-term collaborations with native golf equipment shape crucial a part of JETOUR’s international soccer technique. In Peru, JETOUR has entered its fourth yr because the professional sponsor of Membership Universitario de Deportes, one of the most nation’s maximum ancient soccer golf equipment, supporting day-to-day operations with T1 and T2 cars. In Chile, JETOUR has partnered with Membership Social y Deportivo Colo-Colo since 2024, offering DASHING, T1, and T2 fashions to improve the membership’s operations. The partnership was once additional expanded in 2026 to incorporate the ladies’s workforce. In Africa, JETOUR collaborated with Al Ahly SC, one of the most continent’s maximum influential soccer golf equipment, as a part of the JETOUR T1 release actions. Past membership partnerships, JETOUR has expanded its presence via global soccer platforms. Within the Center East, JETOUR served because the professional spouse of the Arab regional spherical of a big international soccer event, deploying a 400-vehicle fleet that includes the G700 top rate all-terrain hybrid SUV, T2, and T1 fashions to supply mobility improve. The logo additionally co-produced the event’s professional theme tune, additional connecting automobile innovation with soccer tradition. On the neighborhood degree, JETOUR continues to improve grassroots soccer tasks and fan engagement methods in markets together with Uruguay and Ecuador, strengthening its reference to native customers. Having a look forward, JETOUR will proceed to combine soccer tradition with its Commute⁺ ecosystem, extend localized partnerships, and construct deeper relationships with customers international via shared passions and reports. Touch: Tina Liu JETOUR Auto 13757229826 jetourinternational.pr@gmail.com [https://jetourglobal.com/](https://www.globenewswire.com/Tracker?data=mnhkHT0cn4PTvCwxfHVC3mvVikAHx8DfC_sV-iVVxdOVd2ZdOQIR6zFV3zNM_j72wIGCDQIwYTjboVPR3kyEWcYk_2DE9Ue3iZD5-7D83Pk=) ***Syndication Realize:** This press liberate is syndicated from the [unique supply](https://www.globenewswire.com/news-release/2026/07/17/3328980/0/en/jetour-strengthens-global-football-partnerships-through-travel-strategy.html) for informational functions. We don’t declare possession of the content material. All copyrights, logos, photographs, and different highbrow belongings stay the valuables in their respective house owners.* ![author avatar](https://secure.gravatar.com/avatar/4e3a45e03c0bce69b866fb10b522d054c74b2afa03adaeb29a3148d4aadd366e?s=300&d=mm&r=g) News Desk [See Full Bio](https://turkbusinessnews.com/author/news-desk/) [ ](https://turkbusinessnews.com/author/news-desk/) **Categories:** Press Release --- ### [Apple unseats Nvidia to turn into worlds Most worthy corporate as AI bets shift](https://turkbusinessnews.com/2026/07/18/apple-unseats-nvidia-to-turn-into-worlds-most-worthy-corporate-as-ai-bets-shift/) **Published:** July 18, 2026 **Author:** spsingh **Content:** Apple overtook Nvidia on Friday to turn into the sector’s Most worthy corporate, reshuffling the highest ranks of tech heavyweights as traders reconsider the outlook for synthetic intelligence. Apple ⁠used to be closing valued at $4.88 trillion as its stocks ⁠held secure, whilst Nvidia used to be more or less at $4.86 trillion, following a three.5% decline. The shift within the pecking order illustrates that traders are broadening their focal point past the obvious beneficiaries of the AI growth, comparable to Nvidia, which have been on the helm for almost a yr. Apple is reclaiming the ⁠best spot for the primary time since April closing yr. “Apple was seen as a laggard in the AI race because it wasn’t spending to develop models, but now sentiment has changed,” stated Toni Meadows, head of funding at BRI Wealth Control. “Apple is less exposed to capex intensity and better positioned to monetize AI via services, ecosystem lock-in, and hardware upgrades. The re-rating reflects confidence in earnings durability rather than speculative AI upside.” For a corporation that used to be continuously observed trailing within the AI race, the milestone displays Apple’s efforts to ascertain itself extra firmly a few of the sector’s main avid gamers, and may form how CEO Tim Cook dinner’s ultimate months on the helm are seen. Cook dinner is making ready to cede his position to {hardware} veteran John Ternus in September. Final month, the corporate rolled out a long-delayed overhaul of Siri, making a bet ⁠the ⁠upgraded assistant would assist shut the space with Giant Tech opponents and new-age startups within the the most important AI race. Some analysts say Apple is sitting on an AI gold mine within the type of the private knowledge that lives on each iPhone. The knowledge may make Siri’s solutions extra helpful and the assistant extra succesful. The problem is that such knowledge is locked away in working techniques within the title of privateness and the corporate must give you the option to unencumber its worth. AI SPENDING LIFTS NEW WINNERS Nvidia become the primary corporate on the earth to surpass a $5 trillion marketplace valuation in October, a landmark that propelled it right into a rarefied territory that ⁠used to be a ways past the succeed in of its opponents. Being outmoded by way of Apple does now not essentially sign an enduring alternate within the firms’ relative status. The chipmaker stays a big beneficiary of AI-related spending, and its graphics processors are powering a lot of the generative AI frenzy. Nvidia may additionally reclaim the highest spot if sentiment shifts. But even so, Apple is in a mild place itself, having raised costs to offset emerging prices — a method that might harm call for. “I don’t see any meaningful distinction. Nvidia likely to be a significant participant in whatever happens going forward,” stated Benjamin Corridor, vp, alpha analysis at Segal Marco Advisors. Alternatively, the ⁠AI enthusiasm has ‌unfold to ‌different corners of the semiconductor business. The larger winners this yr had been reminiscence ⁠chipmakers comparable to Micron, which crossed $1 trillion in marketplace worth in Would possibly ‌as traders embraced the importance of reminiscence chips in AI infrastructure. South Korea’s SK Hynix additionally indexed at the Nasdaq previous this month, including any other participant to the race for investor consideration. “The new entrants ⁠to the market could spread out the focus away from the pure Magnificent Seven ⁠names into a wider number of names,” Corridor stated. The attention-watering chips rally bumped into turbulence in July as traders ⁠reassessed the sustainability of the factitious intelligence business, knocking the Philadelphia SE Semiconductor index down nearly 19% from its all-time highs. Regardless of the steep fall, the index has carried out higher than Nvidia to this point this yr. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Business **Tags:** Apple, bets, company, Nvidia, shift, unseats, valuable, worlds --- ### [5.0 magnitude earthquake moves jap Türkiye](https://turkbusinessnews.com/2026/07/18/5-0-magnitude-earthquake-moves-jap-turkiye/) **Published:** July 18, 2026 **Author:** spsingh **Content:** A magnitude 5.0 earthquake struck Türkiye’s jap Malatya province early Saturday, in keeping with the Crisis and Emergency Control Authority (AFAD). The quake hit at 6.20 am native time (0320GMT), with its epicenter within the Battalgazi district at a intensity of 15.59 kilometers (9.69 miles), AFAD mentioned. The tremor used to be felt within the neighboring provinces of Elazig, Adiyaman, Tunceli, and Sanliurfa. AFAD mentioned there have been no instant experiences of wear and tear or casualties following the quake. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** National **Tags:** earthquake, eastern, magnitude, strikes, Türkiye --- ### [Russia says Ukrainian in a single day assault kills 7, injures dozens](https://turkbusinessnews.com/2026/07/18/russia-says-ukrainian-in-a-single-day-assault-kills-7-injures-dozens/) **Published:** July 18, 2026 **Author:** spsingh **Content:** An in a single day Ukrainian drone assault in Russia killed seven folks and injured dozens, Russian government claimed Saturday. Within the town of Kotovsk, drones struck a warehouse belonging to a web-based store, killing seven folks and injuring 25 others, Tambov area Governor Evgeny Pervyshov mentioned on Telegram. He added that the fireplace on the warehouse were extinguished, whilst emergency crews endured operating on the scene. Within the Moscow area, 24 folks had been injured after a drone struck a web-based store warehouse within the town of Elektrostal, whilst two others had been injured in Noginsk town, regional Governor Andrey Vorobiev mentioned. At the Russian social media platform Max, Vorobiev mentioned the drone crash additionally sparked a hearth at an oil depot in Noginsk. “Firefighters, emergency services, and the Ministry of Emergency Situations continue to work at the scene,” he mentioned. One after the other, Moscow Mayor Sergey Sobyanin mentioned greater than 370 Ukrainian drones had headed towards the Moscow area since Friday night, maximum of them had been intercepted ahead of attaining the capital. Russia’s Protection Ministry mentioned on Telegram that air defenses intercepted 379 Ukrainian drones around the nation, in addition to over the annexed Crimea and the Azov and Black seas. Ukrainian President Volodymyr Zelenskyy mentioned Ukrainian forces struck “two major logistics facilities” in Russia’s Moscow and Tambov areas. “The aggressor used them to supply sanctioned components for drone production and navigation equipment,” he wrote on the USA social media platform X. Zelenskyy additionally mentioned Ukrainian forces struck an oil facility however didn’t specify its location. “In addition, Ukrainian mid-range strikes engaged targets in the waters of the Sea of Azov and the Black Sea, and in our temporarily occupied Crimea,” he mentioned. 1 killed, 5 injured in Ukraine In the meantime, Ukraine’s Basic Team of workers mentioned its air defenses intercepted one guided missile and 69 drones over northern, southern, and jap areas of the rustic. Ukraine’s Army mentioned one individual was once killed in a Russian strike on port infrastructure in Odesa that broken the dry shipment send VENTURO. “As a result of the rescue operation, 17 civilian sailors, citizens of the Philippines, were safely evacuated to shore,” it mentioned on US social media platform Fb. 5 folks had been injured in Ukraine’s Kherson area after a Russian strike hit a civilian automobile within the early morning, the regional army management mentioned on Telegram. The claims may just now not be independently verified because of the continuing conflict. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** International **Tags:** attack, dozens, injures, kills, overnight, Russia, Ukrainian --- ### [Turkey in essential juncture for illicit playing struggle](https://turkbusinessnews.com/2026/07/18/turkey-in-essential-juncture-for-illicit-playing-struggle/) **Published:** July 18, 2026 **Author:** spsingh **Content:** Symbol – Shutterstock – Mikolaj Niemczewski Turkish government have reported a essential juncture within the struggle in opposition to unlawful playing, fuelled through direct movements on Turkey’s monetary device and financial institution licences. On Monday, Mehmet Şimşek, Minister of the Treasury and Finance, declared that proxy financial institution accounts which might be facilitating transactions to unlawful having a bet and gaming websites may just quickly be eliminated. Offering an replace on investigations and enforcement performed through the Monetary Crimes Investigation Board (MASAK), Şimşek showed that during 2025, the monetary intelligence unit halted the stream of TL5bn (€100m) in illicit proceeds inside of Turkey’s monetary device. Şimşek said: “Illegal betting organisers have recently started using bank, payment, electronic money and cryptocurrency accounts belonging to third parties. “I would like to strongly remind our citizens that renting or allowing others to use their accounts under pretexts such as ‘escrow’, ‘temporary use’, or ‘for commission’ constitutes participation in illegal betting and money laundering crimes.” Focused on infrastructure & barrons MASAK has concentrated its investigations on figuring out the accounts of people which might be attached to organised felony networks that have been making an attempt to launder finances via proxy accounts. Efforts have been additional fascinated about disrupting the monetary infrastructure this is beingused to transport illicit playing revenues, together with fee establishments, e-money platforms and crypto wallets. Şimşek added that organisers had long past past private accounts, organising company entities to cover or difficult to understand illicit transfers from tracking methods. The unlawful manoeuvres have been mentioned to be enabled through implicated folks that Şimşek branded as ‘e-money barrons’. “It has been determined that illegal betting organisers have established limited companies by obtaining powers of attorney from certain individuals and collected illegal betting revenues through accounts opened in the name of these companies,” he defined. “Citizens must not allow companies established in their names to be used by individuals they do not actually know.” MASAK takes complete keep watch over In 2025, the government performed enforcement movements previous to MASAK being granted its prolonged supervisory powers through the Ministry of Treasury and Finance, as of one February. Below the brand new directive, MASAK has been accredited to make sure monetary transactions throughout high-risk sectors, together with playing, insurance coverage, fintech and e-commerce services and products. The reform successfully strengthens the Intelligence Board’s oversight mandate, positioning it as a central compliance gatekeeper inside of Turkey’s monetary structure. For playing in particular, MASAK has been granted gate-keeping powers to make sure that transactions are accredited only for state-sanctioned operators. Those come with sports activities having a bet monopoly İddaa, lottery operator Milli Piyango and horse racing authority Türkiye Jokey Kulübü. As of February, MASAK has urged Turkish banks and fee establishments to use stricter transaction tracking protocols to forestall finances from being diverted to unauthorised playing platforms. Complete state in the back of MASAK The enforcement in 2026 will lengthen past folks. MASAK’s research has known fee and digital cash establishments which might be deemed to be systematically facilitating the stream of unlawful having a bet revenues. In coordination with the Central Financial institution of the Republic of Turkey, the operations of six organisations have been suspended and property seized through judicial order. A cryptocurrency carrier supplier and an related platform believed to had been used to procure and launder unlawful playing proceeds have been additionally seized. Greater than 500 experiences and intelligence notes had been submitted to legislation enforcement and judicial government, materially supporting investigations and prosecutions in opposition to organised playing networks. Framing the marketing campaign as a part of a broader effort to give protection to Turkey’s monetary integrity, Şimşek signalled that enforcement would accentuate. “MASAK will resolutely continue to take all necessary measures — including suspension of operations, licence cancellation and seizure of assets — against financial institutions when required in the fight against illegal betting and gambling,” he mentioned. The transfer alerts AKP executive’s intent to centralise oversight of gambling-related monetary flows, moving the enforcement against proactive measures considered as a essential structural exchange to materially regulate the compliance tasks of Turkish banks, e-payments and Fintech. At first of 2026, Turkish banks have been ordered to inform all account holders that facilitating funds for unlawful playing constitutes a felony offence. The alert used to be ordered through the AKP Executive’s Motion Plan in opposition to illicit playing. Consumers have been knowledgeable of adjustments to Turkey’s Penal Code sanctioned through Justice Minister Yılmaz Tunç to impose harder jail sentences and heightened monetary consequences for each people who facilitate unlawful playing transactions. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Finance **Tags:** critical, fight, gambling, illicit, juncture, Turkey --- ### [Inside of Africa's maximum robust army's $350 million defence pact with Turkey and its stealth fighter jet ambitions](https://turkbusinessnews.com/2026/07/18/inside-of-africas-maximum-robust-armys-350-million-defence-pact-with-turkey-and-its-stealth-fighter-jet-ambitions/) **Published:** July 18, 2026 **Author:** spsingh **Content:** The Turkey-Egypt defence partnership is increasing round a $350 million settlement that would flip Egypt into a producing and export hub for Turkish army apparatus whilst serving to Cairo cope with rising capacity gaps in its arsenal. New guns acquisitions and joint workout routines display that Egypt and Turkey are shifting past business offers in opposition to nearer operational coordination. The shift comes as Egypt seeks to shield its place as Africa’s maximum robust army, a rating pushed in part by way of the scale of its forces fairly than technological superiority, whilst Algeria good points an edge in stealth aviation and complicated S-400 air defence. The $350 million defence settlement Turkey’s state-owned Mechanical and Chemical Business Company, referred to as MKE, signed the settlement with Egypt’s Ministry of Defence right through Turkish President Recep Tayyip Erdoğan’s discuss with to Cairo in February 2026. Below the deal, MKE will provide Egypt with the $130 million Tolga short-range air-defence device, designed to stumble on and counter drones and different low-flying threats. The rest $220 million will finance a joint Egyptian-Turkish corporate and native factories generating 155mm long-range artillery ammunition and seven.62mm and 12.7mm rounds for the Egyptian Armed Forces and export markets throughout Africa and the Center East. Egypt’s seek for a stealth fighter Reviews in 2025 stated Turkey had authorized Egypt’s participation within the KAAN fifth-generation fighter programme, providing Cairo a imaginable path to a stealth capacity nonetheless lacking from its arsenal regardless of its reported pastime in American and Chinese language choices. Previously referred to as TF-X, the KAAN is Turkey’s indigenous stealth-fighter undertaking. Ankara introduced the programme after the US got rid of Turkey from the F-35 undertaking over its acquire of Russia’s S-400 air-defence device. Egypt’s participation may come with era transfers, element production and involvement in airplane construction. On the other hand, neither executive has publicly launched the general phrases of Cairo’s function. Joint workout routines deepen army ties The commercial agreements had been adopted by way of nearer operational coordination between the 2 militaries. Egyptian and Turkish fighter crews held joint air coaching at Egyptian bases in June 2026 prior to Egypt joined Turkey and Azerbaijan within the Anatolian Eagle workout involving multirole battle airplane. On July 8, Egyptian airborne troops and commandos joined Turkish particular forces for the Golden Eagle 2026 workout, geared toward making improvements to coordination, exchanging experience and strengthening readiness for joint operations. Wider defence initiatives take form The MKE settlement paperwork a part of a broader community of Egyptian-Turkish defence initiatives. Turkish defence electronics corporate Aselsan opened a consultant administrative center in Cairo in December 2025 to serve the Egyptian Armed Forces and different native consumers. The corporate has additionally explored cooperation with Egyptian corporations in air defence, army communications, digital struggle and automobile modernisation. HAVELSAN signed an settlement with Egypt’s Arab Group for Industrialization to provide self sufficient drones, unmanned floor automobiles and different army programs in the neighborhood. Talks have additionally been reported with Turkish drone producer Baykar, even supposing no ultimate settlement or devoted Bayraktar TB2 manufacturing line in Egypt has been publicly showed. North Africa’s hands race raises the stakes The partnership is deepening as army spending speeds up throughout North Africa. Regional expenditure reached $35 billion in 2025, up 9.3% from 2024 and 67% from 2016. Algeria remained Africa’s greatest army spender at $25.4 billion, whilst Morocco ranked 2d in North Africa with $6.3 billion. The moving steadiness is expanding power on Egypt to modernise its forces, specifically because it nonetheless lacks an operational stealth fighter whilst Algeria is reported to have won that merit throughout the Su-57. Morocco has additionally been related to a imaginable acquisition of US-made F-35 opponents, even supposing no settlement or authentic approval has been introduced, including every other possible problem to Egypt’s place as Africa’s maximum robust army. Cooperation with Turkey may assist Cairo slender the space thru complicated era, home manufacturing and imaginable participation within the KAAN programme. Ankara, in flip, good points a significant buyer, an African production base and a gateway to defence markets throughout Africa and the Center East. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Technology **Tags:** Africas, ambitions, defence, fighter, jet, militarys, million, pact, powerful, stealth, Turkey --- ### [Changan Car Inaugurates First Showroom in Ethiopia, Deepening Heart East and Africa Marketplace Presence](https://turkbusinessnews.com/2026/07/18/changan-car-inaugurates-first-showroom-in-ethiopia-deepening-heart-east-and-africa-marketplace-presence/) **Published:** July 18, 2026 **Author:** News Desk **Content:** ADDIS ABABA — Changan Car formally opened its first showroom in Ethiopia at 2Q28+8M9, Gabon St, Addis Ababa, marking a key milestone within the logo’s strategic growth around the Heart East and Africa. The hole rite was once graced by means of Minister Counselor Liu Xiaoguang of the Chinese language Embassy in Ethiopia; Mr. Yalew Getachew of the Ethiopian Funding Fee; Dr. Hadegu Hailekiros of the Ethiopian Ministry of Trade; in addition to representatives from Changan Car and GT Motors, Changan’s native strategic spouse. As Africa’s second-most populous country with a fast-growing heart elegance, with the Ethiopian govt actively selling electrical car adoption, the marketplace items considerable expansion alternatives for Changan’s international format. Via the brand new showroom, Changan will supply native customers with one-stop automobile products and services protecting car gross sales, after-sales repairs, spare portions provide and customer support, strengthening its reference to Ethiopian customers whilst supporting the rustic’s inexperienced mobility transition. The showroom opening marks a step ahead in Changan’s Huge Ocean Plan 2.0, constructed on 4 pillars: long-term dedication, deep localization, systematic construction, and ESG integration. Via this framework, Changan is evolving from a marketplace entrant to a neighborhood operator, this can be a sustained dedication to embedding Changan into Ethiopia’s automobile trade and contributing to its long-term expansion. ![Changan-Automobile-Inaugurates-First-Showroom-in-Ethiopia-Deepening-Middle-East-and-Africa-Market-Presence](https://turkbusinessnews.com/wp-content/uploads/2026/07/Changan-Automobile-Inaugurates-First-Showroom-in-Ethiopia-Deepening-Middle-East-and-Africa-Market-Presence-MENAWireNOW.com-2-1024x737.jpg "Changan-Automobile-Inaugurates-First-Showroom-in-Ethiopia-Deepening-Middle-East-and-Africa-Market-Presence -") “Ethiopia is a market full of energy and promise, and we are deeply optimistic about its long-term vitality,” stated the gross sales director of Changan Car. “Working hand-in-hand with GT Motors, we will bring intelligent, reliable, and cost-effective mobility solutions within reach of Ethiopian families, paired with after-sales excellence that sets a new benchmark for the industry.” GT Motors brings sturdy on-the-ground features, with devoted groups in gross sales, after-sales, technical give a boost to and cross-border logistics. This partnership displays Changan’s dedication to construction sustainable, localized operations around the Heart East and Africa via depended on native companions. Going ahead, Changan Car will frequently make stronger its retail and repair community in Ethiopia, bringing a various lineup of clever and new power automobiles adapted to native riding stipulations and shopper wishes. By way of aligning its product technique and operations with the country’s inexperienced mobility time table, Changan objectives to transform a depended on, enduring contributor to Ethiopia’s automobile modernization and sustainable financial construction. Touch knowledge: Chongqing Changan Car Co., Ltd. E mail: international@changan.com.cn ***Syndication Realize:** This press unlock is syndicated from the [unique supply](https://www.globenewswire.com/news-release/2026/07/16/3328667/0/en/changan-automobile-inaugurates-first-showroom-in-ethiopia-deepening-middle-east-and-africa-market-presence.html) for informational functions. We don’t declare possession of the content material. All copyrights, logos, photographs, and different highbrow belongings stay the valuables in their respective homeowners.* ![author avatar](https://secure.gravatar.com/avatar/4e3a45e03c0bce69b866fb10b522d054c74b2afa03adaeb29a3148d4aadd366e?s=300&d=mm&r=g) News Desk [See Full Bio](https://turkbusinessnews.com/author/news-desk/) [ ](https://turkbusinessnews.com/author/news-desk/) **Categories:** Press Release --- ### [Al Tayer Motors Brings Tremendous Hybrid Energy to Sharjah with a New Deepal Showroom](https://turkbusinessnews.com/2026/07/18/al-tayer-motors-brings-tremendous-hybrid-energy-to-sharjah-with-a-new-deepal-showroom/) **Published:** July 18, 2026 **Author:** News Desk **Content:** DUBAI, United Arab Emirates — Al Tayer Motors, some of the UAE’s premier automobile dealerships, has opened its fourth showroom for the DEEPAL Electrical Car **(EV)** logo, on Sheikh Mohammed Bin Zayed Street, in Sharjah. To cater to rising call for for DEEPAL cars, that have loved an enthusiastic reaction from shoppers, the greater than **8,800 sq. toes cutting-edge facility** has complete present DEEPAL vary that includes the G318, S05, and the S07 on show. Talking concerning the opening, Al Tayer Motors Leader Government Officer, Ashok Khanna stated: “In keeping with our commitment to bring innovative and intelligent mobility brands closer to our clients in the Northern Emirates, we are pleased to officially open the first DEEPAL showroom and service centre in Sharjah, the fourth in the UAE after Dubai and Abu Dhabi. We look forward to providing a fulfilling ownership experience to clients in Sharjah and beyond.” Spanning greater than **5,600 sq. toes, the cutting-edge showroom** is positioned close to Sharjah airport and brings Tremendous Hybrid energy and futuristic design to its automobile sector. The power additionally includes a **3,200 sq. toes provider centre** making it very handy for shoppers from Sharjah and surrounding spaces to provider their vehicles. DEEPAL merchandise are a fusion of daring design and cutting edge generation, providing fashionable, relaxing, and relaxed REEVs. Tremendous Hybrid or Vary Prolonged EV’s (REEV) mix a battery-powered electrical motor with an inside combustion engine (ICE) that generates electrical energy to recharge the battery, extending the car’s riding vary. DEEPAL cars also are to be had for patrons to buy thru https://www.altayermotors.com/deepal/ or by means of the altayermotors app. Check drives may also be booked by means of those platforms and through contacting the showroom by means of 800 MOTORS. DEEPAL’s present car vary contains the adventurous G318, S05 compact SUV and the S07 Mid-size SUV. The Tremendous Hybrid DEEPAL G318 displays the logo’s newest philosophy of integrating 4×4 functionality, potency, and flexibility. Designed to accomplish excel throughout each city and off-road terrains, G318 gives a relaxed riding enjoy, very best for day by day commutes and prolonged adventures Engineered for off-road adventures and designed to provoke, the G318 introduces a brand new technology of rugged electrical mobility within the UAE. Combining next-generation design language, class-leading all-terrain capacity, and state-of-the-art generation, the DEEPAL G318 redefines the benchmark for the top class hybrid SUV within the Center East and Africa. It completely mirrors the evolving wishes and personal tastes of discerning drivers around the area, marking an important step ahead for sustainable, high-performance mobility available in the market. **DEEPALG318** - Tremendous Hybrid: 424HP/572Nm electrical motor + 1.5L ICE generator providing an electrical vary of 160 km with a fuel-based extender for longer drives, and the mixed vary of as much as 850km - Magic carpet air suspension - Guaranty: 6 yrs / 150,000 km car + 8 yrs / 150,000 km battery - Ranging from AED 129,900 together with VAT or 1899/month **DEEPAL S05 (Compact SUV)** - REEV: 160kW/320Nm electrical motor + 1.5L ICE generator providing an electrical vary of 160 km with a fuel-based extender for longer drives, and the mixed vary is greater than 900km - Eco-friendly & fashionable inside - Guaranty: 6 yrs / 150,000 km car + 8 yrs / 150,000 km battery - Ranging from AED 89,900 together with VAT or 1,399/Month **DEEPAL S07 (Mid-size SUV)** - REEV: 160kW/320Nm motor, 1.5L generator, 160 km natural electrical + 950 km mixed vary - Sustainable fabrics & fashionable yacht-inspired interiors - Speedy-charging strengthen - Guaranty: 6 yrs / 150,000 km car + 8 yrs / 150,000 km battery - Ranging from AED 119,900 together with VAT or 1,799/Month With over 40 years of good fortune within the automobile sector, a couple of award-winning Al Tayer Motors is devoted to offering outstanding buyer studies thru its spectacular infrastructure and cutting edge virtual platforms. The DEEPAL Sharjah showroom opening occasions are from 08.00 am to 08.00 pm day by day. The provider centre is open from 07.30 am to 06.00 pm from Sunday to Friday. Touch data: Chongqing Changan Car Co., Ltd. Email: world@changan.com.cn ***Syndication Understand:** This press free up is syndicated from the [authentic supply](https://www.globenewswire.com/news-release/2026/07/16/3328557/0/en/al-tayer-motors-brings-super-hybrid-power-to-sharjah-with-a-new-deepal-showroom.html) for informational functions. We don’t declare possession of the content material. All copyrights, emblems, pictures, and different highbrow belongings stay the valuables in their respective homeowners.* ![author avatar](https://secure.gravatar.com/avatar/4e3a45e03c0bce69b866fb10b522d054c74b2afa03adaeb29a3148d4aadd366e?s=300&d=mm&r=g) News Desk [See Full Bio](https://turkbusinessnews.com/author/news-desk/) [ ](https://turkbusinessnews.com/author/news-desk/) **Categories:** Press Release --- ### [Former NAHREP National President and Freddie Mac Director Carmen Mercado Joins eXp Realty](https://turkbusinessnews.com/2026/07/17/former-nahrep-national-president-and-freddie-mac-director-carmen-mercado-joins-exp-realty/) **Published:** July 17, 2026 **Author:** Khalid Alam **Excerpt:** BELLINGHAM, Wash. — eXp Realty®, the most agent-centric real estate brokerage on the planet and the core subsidiary of AGNT, Inc. (Nasdaq: AGNT), today announced that Carmen Mercado, former National President of the National Association of Hispanic Real Estate Professionals… **Content:** BELLINGHAM, Wash. — eXp Realty®, the most agent-centric![™](https://s.w.org/images/core/emoji/17.0.2/72x72/2122.png) real estate brokerage on the planet and the core subsidiary of AGNT, Inc. (Nasdaq: AGNT), today announced that Carmen Mercado, former National President of the National Association of Hispanic Real Estate Professionals (NAHREP) and former Director of Affordable Lending at Freddie Mac, has joined eXp Realty as a real estate agent. Mercado brings more than two decades of experience in residential real estate, brokerage leadership, housing finance and affordable lending. She has worked as a broker, trainer, growth strategist and New York Department of State-certified real estate instructor. HousingWire named her one of the 25 Most Influential Women in the Housing Economy, and she was a finalist for the Inman 100 Most Influential Real Estate Leaders list. “Carmen has spent her career pushing the industry to be more inclusive and better prepared for what’s ahead. That’s exactly the mindset our model was built for,” said Leo Pareja, CEO of eXp Realty. “We’re not just gaining an experienced leader. We’re gaining someone who’s spent her whole career making other people better at this business.” Mercado’s path into real estate began in 2002, after a frustrating first-time homebuying experience with her husband, a military veteran. She was working on Wall Street at the time. The September 11 attacks changed what she wanted her career to look like. She left Wall Street for a business that let her build a life around her family, and help other people through one of the biggest decisions they’ll make. “Throughout my career, I’ve found that the agents who thrive aren’t necessarily the ones who predict every market change perfectly,” said Mercado. “They’re the ones who prepare before opportunity arrives. As the Roman philosopher Seneca wrote, ‘Luck is what happens when preparation meets opportunity.’ That’s a philosophy I’ve carried with me throughout my career.” From there, Mercado’s career grew well beyond residential sales. She led growth initiatives and affordable lending strategy, and took on national housing advocacy work, building relationships across the industry with agents, brokers, lenders and housing advocates. Mercado said eXp stood out because of its agent-first approach and the caliber of professionals she saw joining the brokerage as she planned the next chapter of her career. At eXp Realty, Mercado will grow her own team while building her residential and investor business. She’ll also work with corporations, nonprofits and industry partners on new business development, and continue sharing market insight to help agents spot opportunity as the housing landscape shifts. **About AGNT, Inc. (AGNT)** Built by Agents. Built for Agents. AGNT, Inc. (Nasdaq: AGNT) is the global parent company of eXp Realty®, the most agent-centric![™](https://s.w.org/images/core/emoji/17.0.2/72x72/2122.png) real estate brokerage on the planet, NextHome, Inc., an award-winning national real estate franchise, FrameVR.io, a virtual collaboration platform, and SUCCESS® Enterprises, a leading personal development and media brand for entrepreneurs. Together, the AGNT platform provides a world-class multi-model operating system empowering independent agents, franchise owners, and team leaders across the Americas, Europe, the Middle East, Asia Pacific, and South Africa. As a publicly traded company, eXp World Holdings prioritizes transparency, innovation, and long-term value for agents, franchise owners, staff, and shareholders. **Safe Harbor and Forward-Looking Statements** This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect the Company’s and its management’s current expectations but involve known and unknown risks and uncertainties that could impact actual results materially. These statements include, but are not limited to, statements regarding the anticipated success of agents or teams joining eXp Realty, future production goals or volume projections, and participation in or benefits derived from the Company’s platform, tools, compensation model, or equity programs. Important factors that may cause actual results to differ materially and adversely from those expressed in forward-looking statements include real estate market fluctuations, changes in agent retention or recruitment, competitive pressures, regulatory changes, and other risks detailed from time to time in the Company’s Securities and Exchange Commission filings, including but not limited to the most recently filed Quarterly Reports on Form 10-Q and Annual Report on Form 10-K. We do not undertake any obligation to update these statements except as required by law. **Media Relations Contact:** AGNT, Inc. mediarelations@agnt.inc **Investor Relations Contact:** Denise Garcia investors@agnt.inc ***Syndication Notice:** This press release is syndicated from the [original source](https://www.globenewswire.com/news-release/2026/07/16/3328698/0/en/former-nahrep-national-president-and-freddie-mac-director-carmen-mercado-joins-exp-realty.html) for informational purposes. We do not claim ownership of the content. All copyrights, trademarks, images, and other intellectual property remain the property of their respective owners.* The post [Former NAHREP National President and Freddie Mac Director Carmen Mercado Joins eXp Realty](https://menawirenow.com/2026/07/former-nahrep-national-president-and-freddie-mac-director-carmen-mercado-joins-exp-realty/) first appeared on [MENAWireNOW](https://menawirenow.com). **Publishing Source::** [menawirenow.com](https://menawirenow.com/2026/07/former-nahrep-national-president-and-freddie-mac-director-carmen-mercado-joins-exp-realty/?utm_source=rss&utm_medium=rss&utm_campaign=former-nahrep-national-president-and-freddie-mac-director-carmen-mercado-joins-exp-realty) ![author avatar](https://secure.gravatar.com/avatar/b0b2f43b8f4013c52ba00aabb6ee1ac16a6b6df7a92e11fbb96a6200322b931c?s=300&d=mm&r=g) Khalid Alam Financial news writer focused on market analysis, company announcements, and investment opportunities [See Full Bio](https://turkbusinessnews.com/author/khalid-alam/) [ ](https://turkbusinessnews.com/author/khalid-alam/) **Categories:** Press Release --- ### [US retail gross sales document weakest per 30 days enlargement in 5 months](https://turkbusinessnews.com/2026/07/17/us-retail-gross-sales-document-weakest-per-30-days-enlargement-in-5-months/) **Published:** July 17, 2026 **Author:** spsingh **Content:** US retail gross sales rose 0.2% in June, marking the weakest per 30 days build up in 5 months, in line with advance information launched Thursday via the Census Bureau. Retail and meals services and products gross sales totaled $768.6 billion, matching marketplace expectancies after an upwardly revised 1% build up in Might. Gross sales have been 6.7% upper than a 12 months previous, whilst general gross sales all over the April-June length rose 6.4% from the similar length in 2025. The figures are adjusted for seasonal variation and vacation and trading-day variations however now not for value adjustments. Decrease gas costs weighed at the headline determine, with receipts at gas stations falling 5.3% from the former month. Except gas stations, retail gross sales larger 0.7%. Gross sales at motor automobile and portions sellers and nonstore outlets, together with on-line dealers, each and every rose 1.9%. Receipts larger 1.3% at wearing items, pastime, musical device and guide shops, whilst electronics and equipment outlets posted a zero.8% achieve. Gross sales at construction subject matter and lawn apparatus shops, common products outlets, and meals services and products and ingesting puts additionally recorded modest positive aspects. In contrast, gross sales fell 0.8% at well being and private care shops, 0.3% at miscellaneous outlets and zero.2% at meals and beverage shops. Furnishings retailer gross sales have been unchanged. The retail keep an eye on workforce, which excludes meals services and products, auto sellers, construction subject matter shops and gas stations and is utilized in calculating gross home product, rose 0.5% in June. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Business **Tags:** growth, monthly, months, record, retail, sales, weakest --- ### [Turkish overseas minister says 2016 failed coup bid proved nationwide will can't be subdued](https://turkbusinessnews.com/2026/07/17/turkish-overseas-minister-says-2016-failed-coup-bid-proved-nationwide-will-cant-be-subdued/) **Published:** July 17, 2026 **Author:** spsingh **Content:** Turkish International Minister Hakan Fidan stated the July 15, 2016 failed coup try demonstrated that Türkiye’s nationwide will would by no means publish to tutelary forces or terrorist organizations. In a message marking Democracy and Nationwide Solidarity Day, Fidan stated July 15 marked the day Türkiye declared to the arena that its nationwide will would no longer yield to “any tutelary force, any treacherous network, or any dark plot.” He stated the coup try by means of the Fetullah Terrorist Group (FETO) used to be thwarted via “the determined leadership of President Recep Tayyip Erdogan, the unmatched courage of our nation, and the unwavering resolve of our state.” Fidan stated those that believed tanks, guns, and threats may just silence the Turkish folks suffered defeat within the face of thousands and thousands who took to the streets to protect the state. “The spirit of unity and solidarity displayed that night foiled all calculations directed against Türkiye,” he stated. Fidan added that Türkiye’s battle in opposition to threats to its safety, independence, and public peace continues each inside of and past its borders with the similar decision. “We will never allow this treacherous terrorist organization to find safe haven in any country, institution, or structure,” he stated. The overseas minister additionally venerated the ones killed all over the coup try and expressed gratitude to veterans, wishing the country a significant Democracy and Nationwide Solidarity Day. One by one, Turkish Parliament Speaker Numan Kurtulmus stated that the failed coup try changed into a long-lasting image of nationwide resistance, as the ones dedicated to their religion, values, and shared hometown stood in opposition to the perpetrators of the plot. “That night, those who placed commitment to their beliefs, values, and common homeland at the center of their lives confronted the pawns of the conspiracy, and July 15 has gone down in history as a great epic of resistance engraved in our nation’s collective memory,” Kurtulmus stated. Business Minister Omer Bolat, in a separate message, stated Türkiye stays dedicated to strengthening its financial independence by means of boosting manufacturing, exports, and funding, marking the tenth anniversary of the failed coup bid. “The victory achieved that night was not only the prevention of a coup attempt, but also a declaration that the Republic of Türkiye will remain forever free and that this nation will never compromise its independence or future,” he stated. Drawing energy from the spirit of July 15, we stay firmly dedicated to supporting manufacturing, expanding exports, strengthening the funding local weather, making our industry extra aggressive and extra reinforcing our financial independence,” Bolat stated. Schooling Minister Yusuf Tekin stated the best legacy of July 15 is the duty to construct a society resilient in opposition to an identical threats one day. “The greatest responsibility July 15 has left us is to build a strong social consciousness that will never allow similar acts of treachery to find room to exist again,” he stated. “This consciousness will be strengthened by raising generations capable of protecting the rule of law, democracy, the national will, and our shared values.” Power and Herbal Assets Minister Alparslan Bayraktar stated the spirit of resistance displayed all over the 2016 failed coup try continues to beef up Türkiye’s pursuit of complete power independence. “Under the leadership of President Recep Tayyip Erdogan, millions who stood in front of tanks that night with their faith, courage, and love for the homeland showed the world that no one has the power to divide this country,” he stated. “The epic spirit of resistance our nation displayed on that dark night continues to provide the greatest strength for Türkiye’s struggle for full energy independence,” he added. “The terrorist organization suffered a heavy defeat in the face of our nation’s unshakable resolve before it could achieve its treacherous objectives,” additionally stated the Turkish Protection Ministry at the Turkish social media platform NSosyal, commemorating the day. “We remember with mercy and gratitude our noble martyrs, who sacrificed their lives for the survival of our homeland, commemorate our heroic veterans with appreciation, and salute the patriotic members of the Turkish Armed Forces with respect,” it stated. It added that the spirit of nationwide cohesion and team spirit “will continue, as it did yesterday, to ensure the Republic of Türkiye endures forever.” ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** National **Tags:** bid, coup, failed, foreign, minister, National, proved, subdued, Turkish --- ### [India launches 1st hydrogen-run educate in push for blank power](https://turkbusinessnews.com/2026/07/17/india-launches-1st-hydrogen-run-educate-in-push-for-blank-power/) **Published:** July 17, 2026 **Author:** spsingh **Content:** India on Friday introduced the primary hydrogen-run educate in a push for blank power, becoming a member of a choose staff of nations exploring hydrogen-powered rail transportation. High Minister Narendra Modi flagged off the rustic’s first hydrogen-powered educate between Jind and Sonipat within the northern state of Haryana. “India takes a major leap towards green mobility,” Modi stated on the USA social media corporate X after the release rite. “This remarkable achievement” of India’s first indigenous hydrogen-powered educate “reflects the ingenuity and dedication of the Indian Railways team. It is a proud symbol of… our commitment to cleaner, future-ready transportation.” stated Modi. Consistent with India’s Press Knowledge Bureau, hydrogen gasoline cellular generation — which produces electrical energy thru a chemical response the use of hydrogen — has emerged “globally as a promising alternative to fossil fuel-based traction systems.” India’s first “indigenous hydrogen-powered train marks an important step in adopting this next-generation technology,” the company stated in a commentary. It stated the educate’s key options come with lowering India’s dependence on gasoline imports and accommodating as much as 2,600 passengers. Germany, Japan, China and the USA are some of the nations the use of hydrogen-powered trains. “As the technology remains at a nascent stage, the project will provide valuable operational experience. This will support future applications of hydrogen-powered mobility in the railway sector,” the PIB stated. Indian Railway Minister Ashwini Vaishnaw stated the educate “reflects the country’s commitment to sustainable mobility and world-class railway infrastructure.” ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** International **Tags:** 1st, clean, energy, hydrogenrun, India, launches, push, train --- ### [ICBC Turkey wins Very best RMB Services and products Turkiye 2026 on the 2026 World Banking & Finance Assessment Awards®](https://turkbusinessnews.com/2026/07/17/icbc-turkey-wins-very-best-rmb-services-and-products-turkiye-2026-on-the-2026-world-banking-finance-assessment-awards/) **Published:** July 17, 2026 **Author:** spsingh **Content:** World Banking & Finance Assessment® is happy to announce that ICBC Turkey has been honoured with the distinguished Very best RMB Services and products Turkiye 2026 through World Banking & Finance Assessment Awards®. This outstanding reputation highlights ICBC Turkey’s remarkable efficiency, innovation, and management in turning in Renminbi (RMB) products and services inside Turkiye’s evolving monetary panorama. The Very best RMB Services and products Turkiye 2026 through World Banking & Finance Assessment Awards® recognises ICBC Turkey’s robust dedication to facilitating cross-border industry, strengthening monetary connectivity between Turkiye and China, and offering seamless RMB clearing, agreement, and industry finance answers. As bilateral industry and funding flows proceed to enlarge, ICBC Turkey has performed a pivotal function in supporting company and institutional shoppers with environment friendly, safe, and forward-looking RMB banking products and services. The choice procedure for the Very best RMB Services and products Turkiye 2026 through World Banking & Finance Assessment Awards® was once rigorous and merit-based. A large vary of qualitative and quantitative standards had been evaluated, together with: a. Intensity and variety of RMB product choices.b. Innovation in cross-border cost and agreement answers.c. Enlargement in RMB transaction volumes and marketplace percentage inside Turkiye.d. Shopper carrier excellence and customized monetary answers.e. Power of technological infrastructure supporting RMB clearing and virtual functions.f. Powerful chance control and regulatory compliance frameworks.g. Contribution to improving Turkiye–China industry and funding corridors.h. Strategic partnerships and dedication to sustainable banking practices. Those standards, amongst others, ensured a complete and clear analysis procedure. ICBC Turkey has persistently demonstrated management in enabling Turkish corporates to transact in RMB successfully, serving to scale back forex conversion prices and mitigate foreign currency dangers. Leveraging the worldwide experience and intensive community of its father or mother, Business and Business Financial institution of China (ICBC), the financial institution has enhanced liquidity get entry to, bolstered correspondent banking relationships, and expanded adapted industry finance answers for shoppers engaged in world trade. Barnali Friend Sinha, Editor of World Banking & Finance Assessment®, prolonged her congratulations at the success: “We are delighted to present ICBC Turkey with the Best RMB Services Turkiye 2026 by Global Banking & Finance Review Awards®. ICBC Turkey has demonstrated outstanding expertise in delivering comprehensive RMB solutions, fostering cross-border financial integration, and driving innovation in trade finance. Their strategic vision and client-focused approach clearly position them as a leader in RMB services within Turkiye.” The Very best RMB Services and products Turkiye 2026 name through World Banking & Finance Assessment Awards® underscores ICBC Turkey’s strategic ambition to additional fortify its place as a key RMB carrier supplier in Turkiye. Thru steady funding in virtual transformation, operational excellence, and regulatory alignment, the financial institution has strengthened its recognition as a depended on monetary spouse for companies increasing throughout borders. World Banking & Finance Assessment Awards® celebrates establishments that show excellence, resilience, and innovation in a impulsively converting world monetary atmosphere. By way of awarding ICBC Turkey the Very best RMB Services and products Turkiye 2026, World Banking & Finance Assessment® recognizes the financial institution’s important contribution to advancing RMB internationalisation and supporting financial collaboration between Turkiye and China. About ICBC TurkeyICBC Turkey is a subsidiary of the Business and Business Financial institution of China (ICBC), probably the most global’s biggest monetary establishments. Running in Turkiye, ICBC Turkey supplies a complete vary of company, business, and funding banking products and services, with a robust center of attention on supporting bilateral industry and funding between Turkiye and China. The financial institution stays dedicated to innovation, sustainable expansion, and turning in adapted monetary answers that meet the evolving wishes of its shoppers whilst contributing to the improvement of Turkiye’s monetary sector. About World Banking & Finance Assessment AwardsThe World Banking & Finance Assessment Awards are widely known for figuring out and celebrating excellence in monetary products and services international. Those awards recognize remarkable efficiency, innovation, and management throughout banking, asset control, funding, and fintech sectors, in response to stringent analysis standards and impartial analysis. About World Banking & Finance Assessment Commercial Publication Keep forward of the markets The day’s crucial banking & finance information, loose on your inbox. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Finance **Tags:** Awards, Banking, Finance, global, ICBC, Review, RMB, Services, Turkey, Türkiye, wins --- ### [Pegasus Airways Go back and forth Era Step forward From Turkey Integrates AI Device To Fortify Aviation Resolution Making International - Go back and forth And Excursion International](https://turkbusinessnews.com/2026/07/17/pegasus-airways-go-back-and-forth-era-step-forward-from-turkey-integrates-ai-device-to-fortify-aviation-resolution-making-international-go-back-and-forth-and-excursion-international/) **Published:** July 17, 2026 **Author:** spsingh **Content:** House » AIRLINE NEWS » Pegasus Airways Go back and forth Era Step forward From Turkey Integrates AI Device To Fortify Aviation Resolution Making International Revealed on June 30, 2026 Istanbul, Turkey turns into the point of interest of a significant technological shift in international aviation as Pegasus Airways integrates a complicated synthetic intelligence machine into its operational spine. The airline has begun deploying a brand new AI-powered platform to assist sooner, extra correct decision-making throughout day-to-day flight operations. This transfer positions Istanbul inside a rising international shuttle era panorama the place aviation potency is an increasing number of formed through virtual intelligence techniques. The improvement centres on a collaboration between Pegasus Innovation Lab, founded in Silicon Valley, and a specialized aviation-focused AI platform referred to as Overwatch AI. The machine is already being actively used inside airline operations and is designed to assist groups managing complicated aviation environments. Those come with technical demanding situations, weather-related research, and airport operational necessities. The initiative displays a broader {industry} shift towards data-driven shuttle operations the place velocity and accuracy are turning into very important aggressive elements. Virtual Operations Push in Istanbul Aviation Ecosystem Pegasus Airways is strengthening its operational framework via complex digitalisation methods rooted in synthetic intelligence. The airline has situated era on the core of its operational excellence style, particularly inside its Istanbul-based operations community. This shift is aligned with a much wider aviation development the place airways are adopting clever techniques to streamline workflow potency and cut back reaction instances in crucial operational eventualities. The brand new machine lets in operational groups to get admission to structured and contextual knowledge swiftly. As an alternative of depending on fragmented information assets, body of workers can retrieve related operational intelligence in genuine time. This contains airport stipulations, technical plane parameters, and weather-based operational insights. The mixing of such techniques into on a regular basis airline workflows is meant to scale back delays in decision-making and improve coordination throughout more than one operational departments. In Istanbul, the place Pegasus maintains a vital operational footprint, this alteration is predicted to persuade how airline coordination hubs serve as. The adoption of AI equipment may be observed as a step towards strengthening resilience in flight operations, specifically in high-traffic shuttle corridors. Overwatch AI Platform and Herbal Language Resolution Beef up On the centre of this alteration is the Overwatch AI platform, evolved in particular for airline operational environments. The machine allows herbal language interplay, permitting operational body of workers to question complicated aviation information in a simplified structure. This reduces dependency on conventional multi-layered information retrieval techniques and allows sooner interpretation of operational necessities. Commercial Commercial The platform is already in use throughout roughly 30,000 flight operations globally each and every month. This scale highlights its rising relevance inside the global aviation ecosystem. It helps quite a lot of operational classes together with technical troubleshooting, airport logistics coordination, and climate evaluate research. The machine used to be evolved through aviation execs and era marketers, combining operational flight experience with complex synthetic intelligence engineering. This hybrid construction method guarantees that the platform displays real-world aviation wishes moderately than purely theoretical AI fashions. Its rising adoption indicators a shift towards intuitive decision-support techniques that align carefully with airline operational realities. Silicon Valley Collaboration Strengthening Go back and forth Era Integration Pegasus Innovation Lab, running from Silicon Valley, performs a key function in bridging airline operations with complex era ecosystems. The collaboration with Overwatch AI represents a structured effort to combine aviation-specific intelligence equipment into on a regular basis airline purposes. This partnership displays a rising convergence between aviation and international era hubs. The mixing procedure isn’t restricted to experimental use. Pegasus Airways has already begun actively making use of the platform inside its operational surroundings. This means a transition from pilot-stage trying out to purposeful deployment inside are living airline techniques. The purpose is to enhance resolution potency throughout all operational layers, from flooring coordination to flight execution assist. The collaboration additionally highlights how airways are an increasing number of attractive with international innovation ecosystems to deal with operational complexity. Via leveraging Silicon Valley experience, Pegasus is positioning itself inside a aggressive phase of airways which can be prioritising technological transformation as a core trade technique. The point of interest stays on bettering operational velocity, lowering uncertainty, and bettering shuttle reliability throughout its community. Strategic Imaginative and prescient for AI-Pushed Airline Potency and World Go back and forth Operations Pegasus Airways has defined a broader imaginative and prescient the place synthetic intelligence turns into a central pillar of operational transformation. The mixing of AI-based techniques is predicted to improve decision-making accuracy whilst bettering general potency in shuttle operations. This strategic route aligns with international aviation developments the place airways are adopting clever automation equipment to regulate expanding operational complexity. Commercial Commercial The airline’s era management has indicated that digitalisation paperwork a foundational part of operational excellence. The creation of AI equipment is observed as a long-term funding in bettering how airline groups get admission to, interpret, and act on crucial operational information. This contains sooner reaction mechanisms all through unpredictable operational disruptions and progressed coordination throughout more than one purposeful departments. As international shuttle call for continues to adapt, airways are beneath expanding power to optimise efficiency whilst keeping up protection and reliability requirements. The adoption of AI techniques akin to Overwatch AI displays an industry-wide motion towards smarter aviation ecosystems. Pegasus Airways’ integration of such era marks a vital step on this route, reinforcing Istanbul’s rising function someday of shuttle era innovation. The shift indicators a brand new generation in aviation operations the place human experience and synthetic intelligence paintings in parallel to form extra responsive, environment friendly, and clever shuttle techniques throughout international networks. IMAGE AND INFORMATION SOURCE: Pegasus Airways Commercial Commercial This content material is secure beneath the Copyright Act. Unauthorized scraping, AI extraction, replica, or republication is exactly prohibited. Learn our Copyright Coverage.![](https://www.travelandtourworld.com/wp-content/uploads/2024/06/leaderboard-app-design24.jpg) ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Technology **Tags:** Airlines, Aviation, Breakthrough, Decision, Enhance, Integrates, Making, Pegasus, system, Technology, Tour, Travel, Turkey, World, Worldwide --- ### [Blockmaze achieves Guinness World Records recognition as the world’s most regulated blockchain ecosystem](https://turkbusinessnews.com/2026/07/16/blockmaze-achieves-guinness-world-records-recognition-as-the-worlds-most-regulated-blockchain-ecosystem/) **Published:** July 16, 2026 **Author:** Khalid Alam **Excerpt:** The Guinness World Records title for ‘The Most Financial Regulatory Licences at a Blockchain Ecosystem Launch’ was awarded to Blockmaze H.E. Dr Thani Bin Ahmed Al Zeyoudi says the Guinness World Records title reinforces the UAE’s position as a global… **Content:** The Guinness World Records title for ‘The Most Financial Regulatory Licences at a Blockchain Ecosystem Launch’ was awarded to Blockmaze H.E. Dr Thani Bin Ahmed Al Zeyoudi says the Guinness World Records title reinforces the UAE’s position as a global leader in blockchain, tokenisation and Web3 innovation ![Blockmaze achieves Guinness World Records recognition as the world's most regulated blockchain ecosystem](https://menawirenow.com/wp-content/uploads/2026/07/fromleftmr-tajindervirk-finvasiagroupanddealing-mr-puneetmangla-co-founderandcoo-blockmaze-h-e-dr-thanibinah-jpeg.webp "-")From left Mr Tajinder Virk Finvasia Group and Dealing Mr Puneet Mangla Co Founder and COO Blockmaze HE Dr Thani bin Ahmed Al Zeyoudi UAE Minister of State for Foreign Trade and Mr Sarvjeet Virk Finvasia Group Image courtesy Blockmaze H.E. Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, has welcomed Blockmaze’s Guinness World Records![™](https://s.w.org/images/core/emoji/17.0.2/72x72/2122.png) achievement, saying it will further strengthen the UAE’s position as a global hub for blockchain, tokenisation, and Web3 innovation. The Guinness World Records title for ‘The Most Financial Regulatory Licences at a Blockchain Ecosystem Launch’ was awarded to Blockmaze and received by Mr. Tajinder Virk, Co-Founder & CEO, Finvasia Group and Blockmaze, Mr. Sarvjeet Virk, Co-Founder & Managing Director, Finvasia Group and Mr. Puneet Mangla, Co-Founder and COO, Blockmaze during a ceremony attended by H.E. Dr Thani Bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, Guinness World Records![™](https://s.w.org/images/core/emoji/17.0.2/72x72/2122.png) officials, representatives from Finvasia Group and Blockmaze along with dignitaries, officials, investors, industry leaders and members of the media. Mr. Tajinder Virk, Co-Founder and CEO, Blockmaze said, “This recognition reflects a milestone that has never before been achieved at a global scale. Through Blockmaze, we have unified more than 40 regulatory authorisations and registrations across our ecosystem, creating the trusted regulatory and financial infrastructure that seamlessly connects the regulatory foundations of Web2 finance with the innovation and efficiency of Web3. “Simply tokenising an asset does not solve the challenge. The real breakthrough comes when that token represents a legally recognised, real-world asset, carries genuine ownership, and can move seamlessly across regulated markets with confidence. That requires more than blockchain technology—it requires regulators, financial institutions, payment infrastructure and compliance frameworks working together. “Blockmaze was built on that principle. Every token should represent something real, with verifiable ownership, trusted governance and tangible value behind it. Only then can tokenised assets be trusted, transferred and used seamlessly across borders with the confidence required by institutions, businesses and investors. We believe this is the foundation on which the next generation of global capital markets will be built.” Blockmaze provides the infrastructure that enables tokenised assets to move beyond digital representation into real-world financial markets. By integrating licensing, compliance, custody, payments and market infrastructure, it enables institutions and financial platforms to issue, manage and distribute tokenised assets that can operate across regulated jurisdictions. Mr.Puneet Mangla, Co-Founder and COO, Blockmaze added, “The Guinness World Records title is a testament to our shared vision and to our teams’ years of dedication, perseverance and commitment to building one of the world’s most trusted blockchain ecosystems. “This achievement is more than a milestone for Blockmaze. It reflects the direction in which the industry is heading. The future of tokenised finance will be led by platforms that combine innovation with trust, institutional-grade infrastructure and global compliance. We believe this achievement will strengthen confidence in global tokenisation, encourage greater cross-border investment, and support the next phase of global digital financial markets.” The Guinness World Records achievement aligns with the UAE tokenisation strategy, a government-backed blueprint to transition tangible assets such as real estate, gold, and private credit into digital assets on the blockchain. Guinness World Records has been the global authority on record-breaking achievement since 1955. It has certified a number of world records in the UAE – a country of superlatives known for global achievements and world records. Ms.Mbali Nkosi, Official Adjudicator, Guinness World Records, said, “This record recognises the largest number of approved financial licences held by a blockchain ecosystem at the time of its launch. Based on the evidence reviewed, Blockmaze has secured 11 financial regulatory licences across its ecosystem entities.” “Following a review of available evidence and comparison against existing benchmarks, we found that this was the highest number of qualifying regulator-issued financial licences held by a blockchain ecosystem at launch. I can therefore confirm that a new Guinness World Records![™](https://s.w.org/images/core/emoji/17.0.2/72x72/2122.png) title has been achieved by Blockmaze, for the Most Financial Regulatory Licences at a Blockchain Ecosystem Launch. Congratulations,” added Nkosi. Blockmaze is the world’s largest regulated ecosystem for tokenised assets, providing ready-to-launch solutions for issuers, institutions, brokers, exchanges, and financial platforms looking to participate in the next era of regulated digital finance. Built with a regulated framework at its core, Blockmaze provides the infrastructure needed to bring traditional assets on-chain through licensing, compliance, and regulatory frameworks as global finance transitions towards regulated Web3 infrastructure. More than US$2 trillion worth of assets could move on-chain by 2030, according to McKinsey. Tokenisation and Real-World Assets (RWAs) represent the next evolution of financial markets by bringing traditional assets onto blockchain infrastructure. The current crypto market is approximately US$3 trillion, while traditional global investable assets represent an estimated US$600+ trillion opportunity spanning stocks, bonds, real estate, gold, commodities, and other financial assets. The UAE is well-positioned to become a global tokenisation and blockchain hub due to its advanced digital infrastructure and progressive regulatory environment, supported by regulated tokenisation service providers such as Blockmaze. To enable this US$600+ trillion opportunity, Blockmaze provides the complete infrastructure required to merge traditional assets under management with Web3 innovation, spanning payment solutions, cards, token issuance, on-chain compliance, custody, trading infrastructure and liquidity across a wide range of asset classes. This has the potential to expand access to investment opportunities for the UAE’s 2.4 million registered public equity investors through fractional ownership of assets while attracting global capital into world-class assets. Blockmaze is designed to bridge a widening gap between global assets and global access through compliant, regulated infrastructure. It brings a complete vertically integrated tokenisation stack covering issuance, custody, liquidity, and payments, enabling issuers and institutions to launch tokenised products without having to build the infrastructure themselves. The platform offers ready-to-launch solutions for issuers, institutions, brokers, exchanges, and financial platforms, covering tokenised stocks, CFDs, gold, real estate, and white-label infrastructure. Integrated payment, compliance, custody, and regulatory frameworks are delivered through a single technology stack, providing institutional-grade governance without the institutional overhead. The next era of tokenisation will not be defined by who creates tokens fastest; it will be defined by who creates assets that are trusted, legally recognised, and built to last. **About Blockmaze** Blockmaze, a Finvasia Group company, is a regulated tokenised asset infrastructure platform that bridges traditional finance with the digital asset economy. Recognised by Guinness World Records![™](https://s.w.org/images/core/emoji/17.0.2/72x72/2122.png) for ‘The Most Financial Regulatory Licences at a Blockchain Ecosystem Launch’, the platform combines regulatory compliance, governance and blockchain technology to help institutions launch and scale compliant tokenised asset solutions across multiple jurisdictions. Integrated infrastructure spanning tokenised stocks, real estate, gold, custody, payments and compliance enables trusted, cross-border participation in the next generation of global digital finance. For more information, visit www.blockmaze.org. For more information, visit www.blockmaze.org Please tag Blockmaze when sharing this information on your social media accounts. Twitter – @BlockmazeRWA Linkedin – Blockmaze | LinkedIn Telegram – https://t.me/blockmazeRWA The post [Blockmaze achieves Guinness World Records recognition as the world’s most regulated blockchain ecosystem](https://menawirenow.com/2026/07/blockmaze-achieves-guinness-world-records-recognition-as-the-worlds-most-regulated-blockchain-ecosystem/) first appeared on [MENAWireNOW](https://menawirenow.com). **Publishing Source::** [menawirenow.com](https://menawirenow.com/2026/07/blockmaze-achieves-guinness-world-records-recognition-as-the-worlds-most-regulated-blockchain-ecosystem/?utm_source=rss&utm_medium=rss&utm_campaign=blockmaze-achieves-guinness-world-records-recognition-as-the-worlds-most-regulated-blockchain-ecosystem) ![author avatar](https://secure.gravatar.com/avatar/b0b2f43b8f4013c52ba00aabb6ee1ac16a6b6df7a92e11fbb96a6200322b931c?s=300&d=mm&r=g) Khalid Alam Financial news writer focused on market analysis, company announcements, and investment opportunities [See Full Bio](https://turkbusinessnews.com/author/khalid-alam/) [ ](https://turkbusinessnews.com/author/khalid-alam/) **Categories:** Press Release --- ### [EU accepts Musk’s proposed adjustments to X - for now](https://turkbusinessnews.com/2026/07/16/eu-accepts-musks-proposed-adjustments-to-x-for-now/) **Published:** July 16, 2026 **Author:** spsingh **Content:** Following a multimillion euro fantastic for breaches of EU laws, Elon Musk’s on-line platform X has glad the Ecu Fee with its proposed adjustments for now, the Ecu Union stated on Wednesday. The approved measures will permit larger transparency at the social community and constitute crucial step in the best path, the Brussels-based authority introduced. America corporate were ordered to pay €120 million ($137.7 million) because of a loss of transparency on X beneath the EU’s Virtual Products and services Act (DSA). The fantastic centred on what the EU referred to as the deceptive authentication of consumer accounts, indicated by way of the white verification tick on a blue background. Following his takeover of the previous Twitter platform, Musk rebranded the platform as X and offered a gadget wherein all paying subscribers obtain a tick or checkmark, somewhat than limiting it to customers verified by way of the corporate. In Brussels’ view, this contravened EU laws. Following the fantastic, X had publicly clarified that the ticks not equated to verification. The platform now speaks of a “premium” standing. The Ecu Fee had additionally accused X of withholding information from researchers and failing to record promoting placements transparently. X has additionally promised adjustments in those spaces, which Brussels regulators have provisionally authorised, permitting the platform six months to put into effect them. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Business **Tags:** accepts, Musks, proposed --- ### [Türkiye made up our minds to forestall FETO-like teams from infiltrating state: Overseas minister](https://turkbusinessnews.com/2026/07/16/turkiye-made-up-our-minds-to-forestall-feto-like-teams-from-infiltrating-state-overseas-minister/) **Published:** July 16, 2026 **Author:** spsingh **Content:** Türkiye is taking measures to make sure that constructions very similar to the Fetullah Terrorist Group (FETO) can by no means once more identify themselves throughout the state device, Overseas Minister Hakan Fidan mentioned Wednesday. Chatting with journalists at a teach station in Przemysl, Poland, sooner than touring to Ukraine, Fidan mirrored at the tenth anniversary of the July 15, 2016 defeated coup try. “FETO is now a structure whose period of usefulness has ended. Despite this, it continues its struggle against the state,” he mentioned, including that the group additionally objectives the rustic’s elected management and cooperates with global energy networks. Fidan mentioned the Turkish state and public had entered a brand new fight for liberation following the coup try, throughout which Ankara dealt main blows to home and international terrorist networks, in particular FETO. He mentioned eliminating FETO-linked components from state establishments had allowed the federal government to go back to its basic venture of serving the general public. The resolution demonstrated via the Turkish folks below President Recep Tayyip Erdogan’s management performed a big position in eliminating the group from the device, he added. “The measures we take and the regulations we introduce will hopefully ensure that such structures cannot find a place within the system, either today or in the future. All our efforts are directed toward this,” Fidan mentioned. He mentioned Türkiye continues operating to forestall FETO from wearing out illegal actions, espionage, and operations in opposition to the rustic in states the place its contributors are primarily based. Fidan additionally steered contributors of the group dwelling in a foreign country to reject its management and go back to authentic loyalty to their nation. He argued that FETO’s senior figures had been the use of their ultimate supporters to care for the crowd’s relevance and serve international intelligence products and services. The July 15, 2016 coup try was once performed via a faction throughout the Turkish Armed Forces related to the FETO. The plotters opened hearth on civilians and safety group of workers and bombed state establishments, killing 253 folks and wounding hundreds. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** National **Tags:** determined, FETOlike, foreign, groups, infiltrating, minister, prevent, State, Türkiye --- ### [Masses feared lifeless after boats wearing refugees sink off Myanmar: UN](https://turkbusinessnews.com/2026/07/16/masses-feared-lifeless-after-boats-wearing-refugees-sink-off-myanmar-un/) **Published:** July 16, 2026 **Author:** spsingh **Content:** Two boats wearing greater than 500 ⁠other folks can have capsized off Myanmar’s coast ⁠in fresh days, UN companies stated on Thursday, as refugees from the war-torn nation make perilous maritime trips looking for protection and higher lives. The 2 vessels left Myanmar’s Rakhine State in past due June wearing ⁠most commonly ethnic minority Rohingya passengers, reportedly together with some from refugee camps in Bangladesh, the World Group for Migration and the UN’s refugee company stated in a joint remark, mentioning initial knowledge. Greater than 500 have been feared lifeless, it stated. “While the incidents and casualty figures have yet to be officially confirmed, UNHCR and IOM are gravely concerned by the potentially devastating loss of life.” Pushed away through violence at house and determined stipulations in crowded refugee camps in Bangladesh, Myanmar’s long-persecuted Rohingya Muslim minority have for years risked their lives on flimsy wood vessels, hoping to achieve protection and ⁠the chance ⁠of livelihoods in international locations like Malaysia, Indonesia and Thailand. Just about 900 Rohingya refugees died or went lacking within the Andaman Sea and Bay of Bengal closing yr, making it the sector’s deadliest maritime course for refugees and migrants, in step with the UN. HAZARDOUS SEA CONDITIONS In the newest incidents, the primary boat, with about 250 other folks on board, misplaced touch in a while after departure and a 2nd vessel wearing about 280 other folks used to be believed to have sunk off Myanmar’s Irrawaddy coast on ⁠July 8, the UN companies stated. “These journeys took place outside the regular sailing season, when maritime conditions are typically more hazardous,” the remark stated. The Rohingya exodus from Rakhine began in 2017 after the Myanmar army introduced an offensive within the border province, resulting in a minimum of 730,000 in quest of refuge in neighbouring Bangladesh. Whilst Myanmar denies committing abuses in opposition to the Rohingya, it refuses to recognise them as voters, claiming the minority team are unlawful immigrants. Their ⁠plight has ‌been ‌worsened through a 2021 army coup in Myanmar, which led ⁠to a fashionable civil struggle that has incorporated Rakhine, ‌with its Rohingya inhabitants stuck within the crossfire between govt troops and the riot Arakan Military. UNHCR and IOM stated just about 300 ⁠persons are reported to be lacking or lifeless within the ⁠Andaman Sea and Bay of Bengal this yr, together with Rohingya refugees and Bangladeshi ⁠nationals. In November, a ship wearing contributors of Rohingya neighborhood sank off Langkawi close to the Thailand–Malaysia border, with a few dozen survivors. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** International **Tags:** boats, carrying, dead, feared, Hundreds, Myanmar, refugees, sink --- ### [Senegal’s ARTP and Turkey’s BTK Signal MoU to Give a boost to Virtual and Telecom Cooperation - TechAfrica Information](https://turkbusinessnews.com/2026/07/16/senegals-artp-and-turkeys-btk-signal-mou-to-give-a-boost-to-virtual-and-telecom-cooperation-techafrica-information/) **Published:** July 16, 2026 **Author:** spsingh **Content:** The settlement was once concluded at the sidelines of the 2026 Global Regulatory Symposium in Ankara, marking a vital step towards deepening virtual collaboration between the 2 nations. The Telecommunications and Publish Regulatory Authority (ARTP) of Senegal and the Knowledge and Conversation Applied sciences Authority (BTK) of Turkey have signed a Memorandum of Figuring out geared toward strengthening cooperation in telecommunications, virtual services and products, and postal legislation. The settlement was once concluded at the sidelines of the 2026 Global Regulatory Symposium in Ankara, marking a vital step towards deepening virtual collaboration between the 2 nations. The signing rite was once presided over by way of the Director Common of ARTP, Mr. Dahirou Thiam, and the President of BTK, Mr. Ömer Abdullah Karagözoglu. It was once attended by way of a number of high-level dignitaries, together with the Ambassador of Senegal to Turkey, H.E. Moustapha Sokhna Diop, in addition to representatives from global telecommunications our bodies and officers from each regulatory establishments. The partnership comes at a time when regulators international are grappling with speedy adjustments pushed by way of rising applied sciences akin to satellite tv for pc communications, the growth of e-commerce, the rising significance of information in policymaking, and emerging cybersecurity and cybercrime dangers. On this context, each establishments emphasised the will for more potent, extra collaborative regulatory approaches to stay tempo with virtual transformation. Beneath the brand new settlement, ARTP and BTK will identify a structured framework for cooperation desirous about sharing regulatory perfect practices, strengthening institutional capability, and supporting innovation. The partnership may even advertise collaboration in growing the startup ecosystem, bettering shopper coverage, and embellishing the entire virtual enjoy for customers in each nations. The 2 regulators additional dedicated to increasing technical coaching systems, experience exchanges, and joint projects geared toward accelerating virtual transformation. The MoU is predicted to foster extra inclusive, resilient, and sustainable construction of the virtual financial system in Senegal and Turkey, whilst reinforcing long-term institutional ties between the 2 regulatory government. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Technology **Tags:** ARTP, BTK, cooperation, Digital, MoU, News, Senegals, sign, Strengthen, TechAfrica, Telecom, Turkeys --- ### [Fed chair says central financial institution has ‘no tolerance’ for constantly top inflation](https://turkbusinessnews.com/2026/07/15/fed-chair-says-central-financial-institution-has-no-tolerance-for-constantly-top-inflation/) **Published:** July 15, 2026 **Author:** spsingh **Content:** The United States Federal Reserve has “no tolerance” for constantly increased inflation, Chair Kevin Warsh stated Tuesday, stressing that restoring value steadiness stays the central financial institution’s best precedence. “The members of our committee have no tolerance for persistently elevated inflation,” Warsh stated in ready testimony sooner than the Space Monetary Products and services Committee. “And we share a resolute commitment to restoring price stability,” he added. Warsh, who took place of work in Would possibly, stated getting financial coverage proper was once the Fed’s number one goal after US families confronted increased inflation for far of the previous 5 years. “If we get policy right — and we will — the inflation surge of the last five years will be a thing of the past,” he stated. The Fed chair described the USA financial system as extensively resilient, pronouncing the hard work marketplace remained solid, layoffs had been restricted and nominal salary expansion was once cast. Warsh additionally highlighted a surge in trade funding related to synthetic intelligence, together with spending on information facilities, apparatus and instrument. On the other hand, he stated the level to which the financial system would take pleasure in the AI enlargement remained unclear. “New opportunities for the economy introduce new challenges for policymakers,” he stated, including that the Fed was once tracking AI’s possible results on inflation and the hard work marketplace. At its June assembly, the Fed stored its benchmark rate of interest unchanged at a spread of three.5% to a few.75% for the fourth consecutive assembly. New projections confirmed 9 Fed officers anticipated a minimum of one quarter-point rate of interest build up this yr, whilst 9 expected both no trade or a price reduce. The brand new information confirmed Tuesday that the per 30 days inflation in the USA fell 0.4% in June, registering the primary per 30 days decline in six years, whilst the yearly inflation eased to a few.5%, because the power value build up slowed. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Business **Tags:** Bank, central, chair, Fed, high, inflation, persistently, tolerance --- ### [Türkiyes international minister to discuss with Ukraine for talks on strategic ties, peace efforts](https://turkbusinessnews.com/2026/07/15/turkiyes-international-minister-to-discuss-with-ukraine-for-talks-on-strategic-ties-peace-efforts/) **Published:** July 15, 2026 **Author:** spsingh **Content:** Turkish International Minister Hakan Fidan will discuss with Ukraine on Wednesday for talks all in favour of strengthening bilateral ties, advancing efforts towards an enduring peace, and adorning regional safety. In line with Turkish International Ministry resources, Fidan is scheduled to be won by way of Ukrainian President Volodymyr Zelenskyy and grasp conferences with International Minister Andrii Sybiha, Presidential Administrative center head Kyrylo Budanov, Nationwide Safety and Protection Council Secretary Rustem Umerov, Crimean Tatar nationwide chief Mustafa Abdulcemil Kirimoglu, and Crimean Tatar Mejlis Chairman Refat Chubarov. All over the conferences, Fidan is anticipated to talk about steps to deepen the Türkiye-Ukraine strategic partnership and increase cooperation in spaces together with financial system, power, and protection. He’s additionally anticipated to reaffirm Türkiye’s fortify for Ukraine’s independence, sovereignty, and territorial integrity, whilst underscoring Ankara’s persisted help to Kyiv throughout more than a few platforms. Fidan is anticipated to worry the significance of maintaining diplomatic efforts towards a simply and lasting peace in Ukraine and reiterate that Türkiye stays in a position to deliver Ukraine and Russia again to the negotiating desk. He’s additionally anticipated to emphasise that the Russia-Ukraine struggle should now not unfold to the Black Sea, highlighting the wish to scale back tensions and make sure freedom and protection of navigation. On this context, Fidan is anticipated to state that assaults on ports, industrial vessels, and fishing boats are unacceptable beneath any instances, whilst reaffirming Türkiye’s dedication to keeping the Black Sea as a area of peace, steadiness, and cooperation via diplomatic projects. The international minister could also be anticipated to focus on the function Turkish corporations can play in Ukraine’s reconstruction via present investments and tasks, reiterate Türkiye’s place at the unlawful annexation of Crimea, and tension the significance of taking additional steps to toughen the rights of Crimean Tatars. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** National **Tags:** efforts, foreign, minister, peace, strategic, talks, ties, Türkiyes, Ukraine, visit --- ### [Eu Fee president arrives in Kyiv for talks on protection, EU club](https://turkbusinessnews.com/2026/07/15/eu-fee-president-arrives-in-kyiv-for-talks-on-protection-eu-club/) **Published:** July 15, 2026 **Author:** spsingh **Content:** Eu Fee President Ursula von der Leyen arrived in Kyiv on Wednesday for talks on protection cooperation, Ukraine’s bid to sign up for the Eu Union and arrangements for the approaching wintry weather. “It’s a special moment. Ukraine has built a strong military momentum. The tide is turning,” von der Leyen stated in a submit on america social media platform X after arriving within the Ukrainian capital. She stated she would announce new projects to combine the Ukrainian and Eu protection industries and speak about Ukraine’s EU accession procedure and wintry weather preparedness. The seek advice from is von der Leyen’s eleventh to Ukraine for the reason that get started of the Russia-Ukraine warfare. It coincides with Ukraine’s Statehood Day and the 5th Ukraine-Southeast Europe Summit in Kyiv. In line with Ukrainian media, different international leaders attending the summit come with the presidents of Albania, Moldova, Romania and Serbia, in addition to the high ministers of Croatia and Slovenia. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** International **Tags:** arrives, Commission, defense, European, Kyiv, membership, President, talks --- ### [Turkey's Ousted Opposition Chief Might Shape New Political Birthday party](https://turkbusinessnews.com/2026/07/15/turkeys-ousted-opposition-chief-might-shape-new-political-birthday-party/) **Published:** July 15, 2026 **Author:** spsingh **Content:** Ousted Turkish Opposition Chief Eyes Conceivable New Birthday party Amid Criminal Strife Political Turmoil and Criminal Demanding situations in Turkey’s Opposition Background: Management Dispute within the CHP ISTANBUL, July 15 (Reuters) – Turkey’s ousted primary opposition CHP chief stated on Wednesday that arrangements are below method for the imaginable status quo of a brand new political celebration, however any formal step would wait till after ongoing prison complaints. In Might, a Turkish courtroom annulled the Republican Folks’s Birthday party’s (CHP) 2023 congress that elected Ozgur Ozel as chairman, mentioning irregularities. It reinstated as chairman Kemal Kilicdaroglu, the CHP’s former chief who misplaced to President Tayyip Erdogan within the 2023 presidential election. Criminal Complaints and Doable Birthday party Formation Ozel stated the prison complaints on an enchantment to the ruling that ousted his management and a request to carry an ordinary celebration congress might be finished inside a few weeks, and if they’re blocked, a brand new celebration may then be arrange. “A formal step could be taken towards the end of July or the beginning of August,” Ozel stated in an interview with Sozcu TV, when requested concerning the timing of the status quo of the brand new celebration. Marketplace Reactions and Democratic Considerations The courtroom’s choice, described by means of critics as politically motivated amid an remarkable prison crackdown at the CHP, rattled monetary markets and fuelled considerations about democracy and the guideline of regulation in Turkey. The federal government denies such assertions, announcing the judiciary is impartial. Implications for Erdogan and Long term Elections The opposition’s disaster may spice up Erdogan’s potentialities of extending his greater than two-decade rule of NATO-member Turkey in an election scheduled to be held by means of 2028, however which analysts say may come previous if the federal government seeks to benefit from the CHP strife. (Reporting by means of Ezgi Erkoyun; enhancing by means of Philippa Fletcher) Commercial E-newsletter Keep forward of the markets The day’s very important banking & finance information, loose in your inbox. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Finance **Tags:** Form, Leader, opposition, Ousted, party, Political, Turkeys --- ### [Russian spies reportedly rising bolder about stealing Western era - Türkiye These days](https://turkbusinessnews.com/2026/07/15/russian-spies-reportedly-rising-bolder-about-stealing-western-era-turkiye-these-days/) **Published:** July 15, 2026 **Author:** spsingh **Content:** Russia’s intelligence companies have grown extra competitive in stealing Western era and protection secrets and techniques as sanctions squeeze the rustic’s wartime economic system, 3 senior Ecu intelligence officers informed The Related Press (AP). Polish government one at a time introduced the detention of an worker on the nation’s greatest state-owned protection corporate on suspicion of spying for a international intelligence carrier. Coordinated hunt spanning complete Russian intelligence Sanctions have now not dulled Russia’s era ambitions; they’ve sharpened them, in line with Christoffer Wedelin, deputy head of operations at Sweden’s Safety Carrier, who spoke to the AP. “Moscow has built an extensive covert procurement network across Europe, using shell companies and recruited intermediaries to route restricted goods back to Russia. The campaign is not the work of one agency,” he stated, including, “All of the security and intelligence services in Russia are helping out on the state’s efforts to get this.” The goals are particular and strategic. In Sweden, Russian operatives have sought secrets and techniques associated with the locally evolved Gripen fighter jet and commercially produced optical and laser apparatus which may be repurposed for army programs. “They really know what they need,” Wedelin stated, striking “serious effort” in the back of complicated production equipment, analysis, and dual-use era. Finnish intelligence director Juha Martelius stated Russia’s buying groceries listing prolonged a long way past near-term army wishes. “We’re talking about space technology, quantum … arctic technology, marine technology,” he stated, including Russia wishes house features “right now,” era countries use for satellite tv for pc imaging, communications and navigation. Limited pc parts and instrument for commercial device equipment have been additionally at the listing, he added. In Would possibly, Swedish police arrested two folks for sanctions violations attached to a company that had shipped dozens of consignments of precision metalworking apparatus to Russia. British intelligence leader Anne Keast-Butler stated Wednesday that Russia used to be “relentlessly targeting” the United Kingdom and its allies, combining era robbery with plots involving sabotage and focused killings. “Companies risk becoming unwitting nodes in Russia’s military supply chain,” Wedelin warned. ![](https://www.turkiyetoday.com/s/i/i-fotobuyut.svg) Swedish Air Pressure Saab Gripen fighter jets fly over Helsingborg, Sweden, on Would possibly 21, 2026, throughout the Assembly of NATO Ministers of Overseas Affairs happening on Would possibly 21-22. (AFP Picture) Intelligence carrier that has stopped being concerned about attribution Past procurement, Russian intelligence has been carrying out cyberattacks towards Ecu companies and infrastructure, now not simply to scouse borrow information however to pre-position for long term disruption, Wedelin stated. That danger was actual final 12 months when Russian-linked operatives focused a Swedish energy plant in what Wedelin described as a planned try to smash it. The assault failed most effective since the plant’s methods detected the intrusion in time. The incident marked a turning level, he stated, the place Russia as soon as saved a low profile to keep away from detection, however it’s now prioritizing effects over concealment. “They’re no longer caring as much about potential attribution after their activities, so they are taking greater risks to achieve their goals,” Wedelin stated. ![A man walks in front of St. Basil's Cathedral in downtown Moscow on April 10, 2026. (AFP Photo)](https://img.turkiyetoday.com/images/2026/5/30/russian-spies-are-reportedly-growing-bolder-about-stealing-western-technology-3220934_202605300955_20260530095515_2.jpg) ![](https://www.turkiyetoday.com/s/i/i-fotobuyut.svg) A person walks in entrance of St. Basil’s Cathedral in downtown Moscow on April 10, 2026. (AFP Picture) The economic system is using all of it, and officers who comprehend it Underneath the surge in espionage lies a deteriorating monetary image. Russia’s economic system “is not doing well at all,” stated Kaupo Rosin, head of Estonia’s Overseas Intelligence Carrier, who spoke to the AP. “Roughly a third of GDP is now consumed by the war in Ukraine,” Martelius stated. The Kremlin had budgeted a deficit of three.7 trillion rubles ($52.1 billion) for 2026 and had already accrued 3.4 trillion rubles ($47.9 billion) in pink ink through the tip of February. The Iran struggle, which erupted Feb. 28, despatched oil costs upper and equipped a brief spice up; each america and the UK loosened sanction restrictions to ease international power prices. However the providence has limits. “It doesn’t save them,” Rosin stated, including that if Western drive holds, a monetary disaster may arrive through 12 months’s finish. Intelligence reporting observed through his carrier displays a sobering shift in temper throughout the Russian govt. The assured “total victory” framing of previous years has quietly disappeared from inner communications, changed through non-public doubt. Senior officers are wondering what the war has if truth be told completed, Rosin stated, “What is this all for?” Keast-Butler put the toll in blunter phrases, pronouncing just about 500,000 Russian squaddies were killed for the reason that 2022 invasion. Extra to Learn ![Wider conflict risk ](https://img.turkiyetoday.com/images/2026/5/27/uk-spy-chief-warns-risk-of-wider-conflict-as-high-as-i-have-ever-seen-it-3220762_20260527114020.jpg) Martelius stated he believed Putin has a slightly correct image of Russia’s financial troubles, although some experiences achieving him were filtered. However he cautioned towards studying that consciousness as a predictor of reform. Inspecting Russia via a Western political lens, he stated, used to be itself a deadly error. “It is very dangerous … to start analyzing Russia as if it is some country like ours. It is not.” ![Russian servicemen, involved in the so-called 'special military operation' in Ukraine, attend the Victory Day military parade on Red Square in Moscow on May 9, 2026. (AFP Photo)](https://img.turkiyetoday.com/images/2026/5/30/russian-spies-are-reportedly-growing-bolder-about-stealing-western-technology-3220934_202605300955_20260530095515_3.jpg) ![](https://www.turkiyetoday.com/s/i/i-fotobuyut.svg) Russian servicemen, concerned within the so-called ‘particular army operation’ in Ukraine, attend the Victory Day army parade on Crimson Sq. in Moscow on Would possibly 9, 2026. (AFP Picture) Poland: Protection business employee arrested on espionage fees The Ecu intelligence warnings coincided with a statement from Warsaw on Friday that an worker at a manufacturing unit inside of Polska Grupa Zbrojeniowa, Poland’s state-owned protection conglomerate, were arrested this week on suspicion of spying for a “foreign government.” Poland’s Army Counterintelligence Carrier led the investigation. Prosecutors in Poznan charged the suspect with sharing knowledge with a international intelligence carrier in a way damaging to Polish nationwide safety. A courtroom ordered 3 months of pre-trial detention. Polish regulation carries a minimal eight-year sentence for espionage and permits for lifestyles imprisonment. Protection Minister Wladyslaw Kosiniak-Kamysz showed the arrest. Intelligence coordinator Tomasz Siemoniak used to be direct in his evaluate: “Another espionage suspect in custody; good work by the SKW, ABW, and prosecutors.” Government declined to call the international intelligence carrier concerned or specify what knowledge will have been handed. PGZ, a conglomerate whose subsidiaries manufacture artillery methods, armored automobiles, ammunition and small palms, has operated at expanded capability since Russia’s 2022 invasion of Ukraine, as Poland pursues one in every of Europe’s maximum formidable army build-ups. Warsaw has again and again recognized itself as a concern goal for opposed intelligence services and products, in large part on account of its serve as as the principle transit hall for Western army provides flowing into Ukraine. Polish safety services and products broke up a undercover agent community in 2023 that used to be allegedly tracking the railway routes used to transport guns and support eastward. ![](https://www.turkiyetoday.com/s/i/i-share.svg) Would possibly 30, 2026 10:24 AM GMT+03:00 ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Technology **Tags:** bolder, growing, reportedly, Russian, spies, stealing, Technology, Today, Türkiye, Western --- ### [Türkiyes unemployment fee stable at 8.2% in Would possibly](https://turkbusinessnews.com/2026/07/14/turkiyes-unemployment-fee-stable-at-8-2-in-would-possibly/) **Published:** July 14, 2026 **Author:** spsingh **Content:** Türkiye’s unemployment fee remained unchanged at 8.2% in Would possibly in comparison to the former month, the rustic’s statistical authority mentioned Tuesday. The selection of unemployed folks age 15 and over rose by means of 9,000 month-on-month to two.88 million, in step with the Turkish Statistical Institute (TurkStat). The jobless fee used to be estimated at 7% for males and 10.5% for ladies. Early life unemployment, masking the 15-24 age staff, climbed 0.4 proportion issues to fourteen.8% in Would possibly. In the meantime, the selection of hired folks rose 285,000 from the former month to 32.46 million, whilst the employment fee grew 0.4 proportion issues to 48.5%. The exertions drive participation fee additionally rose 0.4 proportion issues to 52.8%. The exertions underutilization fee, which contains time-related underemployment, doable exertions drive, and unemployment, used to be up 0.9 proportion issues to 31%. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Business **Tags:** rate, steady, Türkiyes, unemployment --- ### [Türkiyes ruling birthday party to commemorate July 15 coup try with eyewitnesses](https://turkbusinessnews.com/2026/07/14/turkiyes-ruling-birthday-party-to-commemorate-july-15-coup-try-with-eyewitnesses/) **Published:** July 14, 2026 **Author:** spsingh **Content:** Türkiye’s ruling Justice and Construction (AK) Birthday celebration will dangle a symposium marking the tenth anniversary of the July 15, 2016 coup try by way of the Fetullah Terrorist Group (FETO). The development will characteristic political figures who held essential positions within the state management at the evening of the tried coup. In keeping with data bought by way of Anadolu, the development will probably be arranged by way of the AK Birthday celebration’s Division of Political and Criminal Affairs on July 14. President Recep Tayyip Erdogan, who additionally serves as chairman for the birthday party, is anticipated to wait the symposium, which will probably be held on the Congress Corridor of the birthday party headquarters. Erdogan is scheduled to handle contributors on the opening of the development, which will probably be held underneath the theme “Victory of the National Will.” Hayati Yazici, AK Birthday celebration deputy chairman chargeable for political and prison affairs, may also ship a speech. Yazici may also reasonable the discussions. Audio system will come with Ismail Kahraman, who served as speaker of the Turkish parliament at the evening of July 15; Binali Yildirim, the high minister on the time; Efkan Ala, the internal minister on the time; and Mustafa Atas, who was once then head of the AK Birthday celebration’s Group Division. This system may also come with a pictures exhibition depicting the occasions that happened at the evening of July 15. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** National **Tags:** attempt, commemorate, coup, eyewitnesses, July, party, ruling, Türkiyes --- ### [Missile moves tanker off coast of Oman: UK maritime company](https://turkbusinessnews.com/2026/07/14/missile-moves-tanker-off-coast-of-oman-uk-maritime-company/) **Published:** July 14, 2026 **Author:** spsingh **Content:** A tanker used to be struck through a missile whilst crusing off the coast of Oman, the United Kingdom Maritime Business Operations (UKMTO) mentioned Tuesday. The vessel reported being hit whilst transiting outbound alongside the southern transport course, roughly 13 nautical miles southeast of Limah, Oman, consistent with a UKMTO understand. Government had been investigating the incident, the company mentioned, advising vessels within the space to transit with warning and file suspicious process. Stolt Tankers recognized the vessel because the Stolt Magnesium and mentioned it suffered an explosion brought about through an unidentified exterior software whilst on passage off Oman, consistent with reviews. The corporate had previous reported a hearth aboard considered one of its tankers however didn’t instantly supply main points on casualties, harm or the situation of the staff. The incident came about amid heightened safety dangers across the Strait of Hormuz, a key course for international oil and fuel shipments, following renewed army escalation and assaults on business vessels within the area. Transport visitors during the strategic waterway has slowed sharply as vessel operators more and more use alternative ways or prolong crossings on account of the protection danger. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** International **Tags:** agency, coast, maritime, Missile, Oman, strikes, tanker --- ### [Can Islamic finance and the fairway transition power Azerbaijan's diversification technique?](https://turkbusinessnews.com/2026/07/14/can-islamic-finance-and-the-fairway-transition-power-azerbaijans-diversification-technique/) **Published:** July 14, 2026 **Author:** spsingh **Content:** Islamic financial institution in Azerbaijan As the rustic’s long-term financial steadiness can’t depend only on hydrocarbons, creating the non-oil economic system, introducing new monetary tools and attracting sustainable funding have develop into more and more necessary. Consistently risky international oil costs and the long-term constraints going through the oil and fuel sector have made financial diversification a strategic precedence for Azerbaijan. Consistent with authentic forecasts, the non-oil sector is predicted to account for round 75.8% of Azerbaijan’s GDP in 2026, whilst non-oil revenues are projected to make up 57% of state funds source of revenue. In contrast backdrop, a number of traits have drawn explicit consideration: the Central Financial institution’s release of a regulatory sandbox for Islamic finance, arrangements for the rustic’s first sukuk (Islamic bond) issuance, and a €15m mortgage supplied in July 2026 by way of the Finnish building financier Finnfund to Financial institution Respublika to reinforce inexperienced finance and small and medium-sized companies. In combination, those traits carry the query of whether or not Islamic finance and the fairway transition could make a significant contribution to Azerbaijan’s financial diversification technique. The present state of Islamic finance in Azerbaijan Azerbaijan’s Islamic finance sector remains to be at an early level of building. Underneath the Central Financial institution’s 2024–2026 Monetary Sector Building Technique, two lenders — Rabitabank and the World Financial institution of Azerbaijan (ABB) — started providing Islamic finance merchandise via a regulatory sandbox within the first part of 2026. The pilot contains murabaha-based financing for actual property and movable belongings and is because of run till April 2027. Talking on the Islamic Building Financial institution Workforce’s 2026 Annual Conferences in Baku, Central Financial institution Governor Taleh Kazymov stated the prison and institutional framework for Azerbaijan’s first sukuk (Islamic bond) issuance was once being advanced collectively with the IsDB Workforce. A package deal of legislative amendments is predicted to be authorized by way of the tip of 2026. The method additionally envisages the creation of takaful (Islamic insurance coverage) and different Sharia-compliant monetary merchandise. Consistent with a Fitch Scores evaluate revealed in Might 2026, the rustic’s Islamic finance marketplace is first of all anticipated to expand via “Islamic windows” — devoted Islamic finance divisions inside of typical banks — relatively than via absolutely fledged standalone Islamic banks, which can be prone to come later. A June 2026 document by way of the Islamic Building Financial institution Institute, Islamic Finance in Azerbaijan: Rising Alternatives, forecasts that Islamic banking property within the nation may achieve round $2.7bn by way of 2035. In combination, those traits recommend that whilst the sphere stays in its infancy, it’s increasing in a steady and structured manner. ![Azerbaijan in the Middle Corridor](https://jam-news.net/app/uploads/2026/06/q89zA.jpg) Financial advantages and attracting funding The creation of Islamic finance may be offering Azerbaijan a number of financial benefits. Some of the primary expectancies is that it’ll draw in capital from Gulf nations, together with Saudi Arabia, the United Arab Emirates and Qatar, in addition to from the Islamic Building Financial institution Workforce. Traders from those markets are generally attracted to Sharia-compliant tools reminiscent of sukuk, whilst Azerbaijan’s investment-grade credit standing and strategic geographic location upload to its enchantment. Increasing get entry to to finance for small and medium-sized enterprises may be a vital receive advantages. As murabaha and ijara-based merchandise don’t depend on passion bills, they will end up specifically sexy to marketers who need to habits trade in response to Islamic rules. This may toughen monetary inclusion and reinforce the expansion of small companies. From the standpoint of monetary diversification, new resources of financing may assist cut back reliance on oil revenues, develop fiscal capability and diversify the rustic’s funding base. The expansion projections defined by way of the Islamic Building Financial institution Institute recommend that, if applied effectively, Islamic finance may give a contribution to the advance of Azerbaijan’s monetary sector whilst additionally developing further alternatives to fund inexperienced funding initiatives. ![President Donald Trump (right) meets Turkish President Recep Tayyip Erdogan in the Oval Office at the White House in Washington | photo: AP/Evan Vucci](https://jam-news.net/app/uploads/2025/10/website-format-47.png) Key demanding situations and constraints In spite of its substantial doable, the advance of Islamic finance faces a number of vital demanding situations. The prison framework isn’t but absolutely in position. The regulatory sandbox is a short lived pilot scheme, while wider adoption would require a complete prison and regulatory framework. Till then, the remainder uncertainty may weigh on long-term investor self assurance. The marketplace itself additionally stays somewhat underdeveloped. Public consciousness of Islamic finance merchandise amongst each customers and companies remains to be restricted, slowing the expansion of call for. Any other primary problem is the dearth of consultants with experience in each Sharia compliance and fiscal chance control, as Islamic monetary merchandise should fulfill non secular necessities whilst final commercially viable. The somewhat small dimension of Azerbaijan’s home marketplace and powerful festival from typical banks provide further hindrances. Established lenders already grasp a dominant place, that means new Islamic finance merchandise are prone to require transparent aggressive benefits, reminiscent of extra versatile phrases or executive reinforce. Taken in combination, those elements recommend that Islamic finance is not going to grow to be the rustic’s monetary device within the quick time period. ![Aliyev’s visit to Kazakhstan](https://jam-news.net/app/uploads/2025/10/website-format-75.png) A regional comparability: Kazakhstan and Turkey The enjoy of Kazakhstan and Turkey supplies helpful issues of reference for Azerbaijan. Kazakhstan started creating its prison framework for Islamic finance within the early 2010s and now has absolutely fledged Islamic banks, together with Al Hilal Financial institution. Alternatively, in spite of being certainly one of Central Asia’s pioneers in Islamic finance, Islamic banks nonetheless account for lower than 1.5% of the rustic’s banking sector. Even so, Kazakhstan’s prison and regulatory framework is significantly extra complicated than Azerbaijan’s. Turkey’s participation banking sector — the rustic’s time period for Islamic banking — has reached a far upper degree of adulthood. Since its emergence within the Eighties, the business has expanded to incorporate a number of devoted establishments, together with Kuveyt Türk, Albaraka Türk and Ziraat Katılım. Sponsored by way of executive reinforce and a well-developed sukuk marketplace, participation banking has develop into a longtime a part of Turkey’s monetary device. The federal government’s long-term strategic manner has performed a key position within the sector’s expansion. Azerbaijan, in contrast, stays on the regulatory sandbox level and is getting ready for its first sukuk issuance. This widely mirrors the early stages of building in the past observed in Kazakhstan and Turkey, even if the rustic has but to succeed in their present degree of marketplace adulthood. Its benefits come with robust reinforce from the Islamic Building Financial institution and rising passion from global traders lately. ![Trump’s Azerbaijan ambassador nominee](https://jam-news.net/app/uploads/2026/06/website-format-2026-06-04T193301.650.png) The place the fairway transition meets Islamic finance Islamic finance and the fairway transition are naturally complementary. Each are constructed on rules of moral funding, reinforce for the true economic system and accountable financing. A part of the €15m mortgage supplied by way of Finnfund to Financial institution Respublika on 9 July 2026 might be used to finance inexperienced initiatives and reinforce small and medium-sized companies, providing a sensible instance of the way the 2 approaches can paintings in combination. Inexperienced sukuk and ESG rules — overlaying environmental and social duty in addition to company governance — may also be successfully built-in into Islamic finance. This creates new alternatives to advance Azerbaijan’s sustainable building targets, together with funding in renewable power and inexperienced infrastructure. Any such mixture may additionally make those initiatives extra sexy to each home and global traders. ![Ilham Aliyev and Israeli Prime Minister Benjamin Netanyahu, 13 December 2016 | Photo: president.az](https://jam-news.net/app/uploads/2025/08/F%C9%99rqan%C9%99-Novruzova-61.png) Islamic financial institution in Azerbaijan ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Finance **Tags:** Azerbaijans, diversification, drive, Finance, Green, Islamic, Strategy, transition --- ### [L3Harris, Turkey's Skydagger Crew Up on Drone Interceptor Integration](https://turkbusinessnews.com/2026/07/14/l3harris-turkeys-skydagger-crew-up-on-drone-interceptor-integration/) **Published:** July 14, 2026 **Author:** spsingh **Content:** L3Harris Applied sciences and Turkish company Skydagger Applied sciences will discover the mixing of drone interceptor era into counter-unmanned aerial methods (C-UAS) operations. Below the memorandum of working out, the firms will read about doable improvements to L3Harris’ Automobile-Agnostic Modular Palletized ISR Rocket Apparatus (VAMPIRE) machine, together with the usage of interceptor drones designed to interact antagonistic unmanned plane. The proposed capacity can be manufactured in the United States and may well be presented to allied army operators. Increasing Counter-Drone Choices The collaboration comes as militia more and more search cost-effective the right way to counter the rising use of drones on trendy battlefields. Conventional air protection methods will also be pricey when used towards small and rather affordable unmanned plane, prompting passion in selection approaches comparable to drone-on-drone interception. L3Harris mentioned the partnership goals to give a boost to the improvement of latest features for the VAMPIRE platform whilst accelerating manufacturing timelines and increasing operational flexibility. The VAMPIRE machine is a modular counter-drone and precision-strike platform that may be fixed on a number of automobiles. It combines electro-optical and infrared sensors with focused on tool and has been used with laser-guided munitions to interact aerial and flooring objectives. The machine received world consideration after being equipped to Ukraine, the place it’s been hired towards Russian drones and different threats. Skydagger develops unmanned methods and counter-drone applied sciences, together with interceptor drones meant to neutralize antagonistic UAS. The announcement follows L3Harris’ growth of VAMPIRE manufacturing capability. In 2026, the corporate started high-volume production of the machine at its facility in Huntsville, Alabama, mentioning greater call for from the USA and allied international locations for counter-drone features. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Technology **Tags:** Drone, Integration, Interceptor, L3Harris, Skydagger, Team, Turkeys --- ### [Press observation following Russian-Turkish talks](https://turkbusinessnews.com/2026/07/12/press-observation-following-russian-turkish-talks-2/) **Published:** July 12, 2026 **Author:** spsingh **Content:** President of Russia Vladimir Putin: Mr President, women and gents, We thank the President of Turkey for accepting our be offering made all through a fresh phone dialog, and these days he and representatives of his delegation arrived in Sochi to talk about the traits in the Syrian Arab Republic, together with in the northeast, past the Euphrates. Mr Erdogan Erdogan Recep TayyipPresident of Türkiye gave a detailed rationalization of the targets of the Turkish army operation alongside the Syrian border. We now have famous again and again that we perceive Turkey’s need to take measures that will ensure its nationwide safety. We percentage Turkey’s considerations concerning the rising danger of terrorism and ethnic and non secular disputes in that area. We consider those disputes and separatist sentiments were fueled artificially from the out of doors. You will need to save you participants of terrorist organisations, equivalent to ISIS, whose militants were taken prisoners by means of Kurd army teams and attempt to break away, from taking benefit of the movements of the Turkish army devices. Syria will have to be liberated from unlawful overseas army presence. We consider that the simplest solution to succeed in sturdy and long-lasting steadiness in Syria is to appreciate the sovereignty and territorial integrity of the nation. That is our principled place, and we now have mentioned it with the President of Turkey. It will be significant that our Turkish companions percentage this manner. The Turks and the Syrians should give protection to peace on the border in combination, which might be inconceivable with out mutually respectful cooperation between the two nations. In addition to this, a large discussion between the Syrian govt and the Kurds dwelling in northeastern Syria will have to be introduced. It’s transparent that the entire rights and pursuits of the Kurds as an integral a part of the multi-ethnic Syrian country can simplest be absolutely thought to be and fulfilled by way of such an inclusive discussion. Of direction, all through our talks with the President of Turkey, we mentioned additional steps to advertise the non violent political procedure in Syria, which the Syrians will behavior inside the Constitutional Committee in cooperation with the United International locations. The guarantors of the Astana structure have meticulously labored on it for a few years. We consider the state of affairs on the floor will have to no longer save you the long-awaited release of the committee in Geneva subsequent week – October 29–30. Naturally, we additionally mentioned humanitarian problems. We imagine it essential to proceed serving to Syrian refugees to go back house, which can considerably alleviate the socioeconomic burden shouldered by means of the nations that agreed to soak up Syrians. First and primary this is applicable to the Republic of Turkey. We urge the world neighborhood, basically related UN businesses, to be extra energetic in rendering humanitarian help to all Syrians going house, with none discrimination, politicisation and preconditions. We extensively utilized these days’s assembly to talk about present bilateral problems. We famous with pride our rising business. Final 12 months it higher by means of 16 p.c. We exchanged perspectives on what to do in the close to long run and expressed self belief that the implementation of the agreements on settlements and bills in nationwide currencies signed in early October will even facilitate the additional expansion of business. We spoke about an vital file that gives no longer just for extra energetic use of the ruble and lira but in addition broader acceptance of the Russian Mir playing cards in Turkey and the connection of Turkish banks and corporations to the Financial institution of Russia’s monetary messaging machine. I consider that is but any other step ahead on increasing vacationer exchanges. We spoke concerning the complete bundle of our relationships, together with primary initiatives that we’re actively and effectively creating. We also are deepening our military-technical cooperation. I would love to notice that cross-years of tradition and tourism are held with luck in Russia and Turkey. In conclusion, I wish to thank the President of Turkey and all our pals and colleagues for a business-like and honest dialog. We intend to additional expand our cooperation in all spaces on the rules of neighbourliness and appreciate for each and every different’s pursuits. I am happy to say that as a consequence of long and extensive paintings we controlled to make selections that the overseas ministers of our nations will voice after our statements. I suppose those selections are very vital, if no longer ancient, and will let us settle the moderately acute state of affairs on the Syrian-Turkish border. \* \* \* After the presidents of Russia and Turkey made statements for the press, the overseas ministers of the two nations learn out the textual content of the memorandum of figuring out followed following the Russian-Turkish talks. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Press Release **Tags:** Press, RussianTurkish, statement, talks --- ### [Türkiye posts present account deficit of $1.46B in Would possibly](https://turkbusinessnews.com/2026/07/13/turkiye-posts-present-account-deficit-of-1-46b-in-would-possibly/) **Published:** July 13, 2026 **Author:** spsingh **Content:** Türkiye’s present account posted a deficit of $1.46 billion in Would possibly, exceeding marketplace expectancies, in keeping with information launched Monday by way of the rustic’s central financial institution. Economists had forecast a deficit of round $960 million for the month. The present account with the exception of gold and effort recorded a surplus of $3.63 billion, whilst the products industry stability posted a deficit of $4.34 billion, the financial institution stated. On a 12-month rolling foundation, the present account deficit reached $37.3 billion in Would possibly, with the annualized items deficit status at $74.4 billion. The services and products stability generated a web surplus of $62.5 billion over the similar length, whilst the main and secondary source of revenue balances posted deficits of $24.1 billion and $1.3 billion, respectively. In Would possibly by myself, web services and products revenues totaled $5.21 billion. Commute services and products generated a surplus of $3.82 billion, whilst transportation services and products contributed $2.24 billion. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Business **Tags:** 1.46B, account, current, deficit, posts, Türkiye --- ### [Türkiye delivers 30 lots of humanitarian help to earthquake-hit Venezuela](https://turkbusinessnews.com/2026/07/13/turkiye-delivers-30-lots-of-humanitarian-help-to-earthquake-hit-venezuela/) **Published:** July 13, 2026 **Author:** spsingh **Content:** Thirty lots of humanitarian help despatched from Türkiye aboard two army shipment plane arrived in Venezuela following the devastating earthquakes that struck the rustic. The help used to be won at Simon Bolivar World Airport through Türkiye’s Ambassador to Venezuela, Naci Aydan Karamanoglu, and Venezuelan International Minister Yvan Gil. Talking on the airport, Karamanoglu mentioned Turkish establishments had made “great efforts” in accordance with the dual earthquakes, praising the willpower of Turkish seek and rescue groups deployed for 2 weeks. “For this reason, I would like to sincerely thank the Turkish Armed Forces Humanitarian Aid Brigade, Disaster and Emergency Management Authority (AFAD), National Medical Rescue Team (UMKE) and the Turkish Red Crescent personnel,” he mentioned. Karamanoglu recalled that Venezuela had despatched seek and rescue groups to Türkiye after the Feb. 6, 2023 Kahramanmaras-centered earthquakes, described because the “disaster of the century.” “They really demonstrated nice braveness and willpower through status along our other people. As of lately, they’ve finished their undertaking, and we’re sending them again house. “The two aircraft that arrived to bring our teams back also delivered approximately 30 tons of humanitarian aid to Venezuela,” he mentioned. The most recent cargo contains 275 huge tents supplied through Türkiye’s AFAD, apparatus had to determine transient tent camps and just about seven lots of clinical provides and drugs. “We had up to now supplied humanitarian help via AFAD, the Turkish Cooperation and Coordination Company (TIKA) and the Turkish Purple Crescent. With this cargo, we’ve got added any other contribution to our reinforce. “We will continue our assistance, and Türkiye will remain by the side of the friendly people of Venezuela,” Karamanoglu added. Gil thanked Türkiye for its harmony, pronouncing the reinforce carried particular importance for Venezuela. “On behalf of Appearing President Delcy Rodriguez, we lengthen our gratitude to President Recep Tayyip Erdogan, the Turkish govt, the Turkish other people, Türkiye’s Ambassador to Caracas Aydan Karamanoglu and International Minister Hakan Fidan, with whom I’ve remained in consistent touch because the first hours of the earthquake. “Türkiye, as always, was among the first countries to extend a helping hand from the very beginning of the disaster,” he mentioned. Recalling that Appearing President Rodriguez had awarded the “Heroes of Venezuela Medal” to go looking and rescue body of workers, Gil mentioned: “We thank the crisis reaction brigade that led this procedure and Türkiye’s greatest, best-trained experts who labored hand in hand with us all over the hunt and rescue operations. We can not in finding phrases to specific our gratitude. “Today, we are receiving another humanitarian aid shipment. Now, it is time to move on to the reconstruction phase.” The reception rite used to be additionally attended through Brig. Gen. Mehmet Bahtiyar, commander of the Turkish Armed Forces Humanitarian Support Brigade, in conjunction with officers from AFAD and UMKE, who have been deployed to Venezuela after the earthquakes. In step with the USA Geological Survey (USGS), Venezuela used to be struck through two earthquakes measuring magnitude 7.2 and seven.5 simply 39 seconds aside on June 24. The UN Building Program (UNDP) mentioned on June 26 that the earthquakes led to an estimated $6.7 billion in direct bodily injury. Seek and rescue operations stay underway, with issues that the loss of life toll and choice of injured may proceed to upward push. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** National **Tags:** aid, Delivers, earthquakehit, humanitarian, tons, Türkiye, Venezuela --- ### [Russia, Ukraine alternate in a single day moves, killing 4, injuring 16](https://turkbusinessnews.com/2026/07/13/russia-ukraine-alternate-in-a-single-day-moves-killing-4-injuring-16/) **Published:** July 13, 2026 **Author:** spsingh **Content:** Russia and Ukraine accused every different Monday of launching in a single day assaults that killed a minimum of 4 other folks and injured 16 others. In Russia, 3 other folks have been killed and 5 others have been injured in a Ukrainian drone assault at the Moscow area, Governor Andrey Vorobyov mentioned at the Russian social media platform Max. Greater than 350 Ukrainian drones focused the Moscow area in a single day, with maximum intercepted earlier than achieving the capital, Moscow Mayor Sergey Sobyanin mentioned on Telegram. One particular person used to be killed and two others have been injured in Ukrainian assaults on Russia’s Belgorod area, the regional operational headquarters mentioned on Telegram. Within the village of Vyazniki within the Stavropol area, a drone struck an business zone, sparking a fireplace, Governor Vladimir Vladimirov mentioned on Telegram. Telegram channels previous reported {that a} fireplace broke out at an oil depot close to the railway line in Vyazniki. Russia’s Protection Ministry mentioned on Telegram that its forces intercepted and destroyed 342 Ukrainian drones over Russian territory, annexed Crimea, and the Azov and Black seas. The ministry additionally mentioned Russian forces performed moves, destructive port infrastructure in Chornomorsk, Odesa area. In Ukraine, 3 other folks have been injured when a Russian strike hit a parking lot within the Odesa area, in step with native government. Russian assaults additionally injured six other folks and broken residential constructions within the Zaporizhzhia area, Governor Ivan Fedorov mentioned on Telegram. Ukraine’s Common Workforce mentioned on Telegram its air protection techniques shot down 123 Russian drones within the north, south, and east of the rustic. The claims by means of all sides may just now not be independently verified on account of the continued conflict. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** International **Tags:** exchange, injuring, killing, overnight, Russia, strikes, Ukraine --- ### [North, Turkey signal new €480m monetary protocol](https://turkbusinessnews.com/2026/07/13/north-turkey-signal-new-e480m-monetary-protocol/) **Published:** July 13, 2026 **Author:** spsingh **Content:** Turkish Cypriot ‘prime minister’ Unal Ustel and Turkish Vice President Cevdet Yilmaz on Thursday night put pen to paper on the newest annual monetary protocol which units out the approaching 12 months’s monetary provisions from Turkey to northern Cyprus. The deal is price 25 billion TL (€480 million), and Ustel and Yilmaz held a joint press convention in Ankara following its signing, with the latter surroundings out the main points of the protocol. He mentioned that the Turkish executive’s function is for the north to grow to be “a shining star in the eastern Mediterranean”, and mentioned of final 12 months’s protocol that of the 21bn TL allotted, emerging from an preliminary 16bn TL, “89 per cent … was used”. Having a look forward to the present 12 months, he mentioned that the development of the brand new Morphou medical institution can be finished by way of the top of this month, despite the fact that Ustel has in the past promised that development can be entire in each 2024 and 2025. He additionally mentioned {that a} lately underneath development new medical institution for the Karpas peninsula, which is positioned within the village of Tavros, might be opened on November 15, to coincide with the forty third anniversary of the north’s unilateral declaration of independence. Moreover, he promised that renovation paintings will “begin soon” at current well being amenities within the north. He then moved onto the topic of era, and mentioned that plans to put in fibreoptic web within the north will create “a strong basis for our vision for an ‘information technology island’”. Plans for fibreoptic web within the north have additionally generated controversy, for the reason that the deal for its set up provides unique rights to Turk Telekom for the availability of broadband web within the north, and may be set to price the Turkish Cypriot taxpayer greater than 4 occasions the firstly forecast quantity. It was once rubber stamped by way of the Turkish Cypriot legislature final month, however Turkish Cypriot chief Tufan Erhurman referred it to the judiciary, caution that the selection to signal an unique handle Turk Telekom with out protecting a young would possibly violate the ‘TRNC’s’ charter. After outlining the plans for fibreoptic web, Yilmaz mentioned plans for the advent of an “information technology island” additionally come with plans to create a web-based device in which other people can guide docs’ appointments, and to totally digitise the north’s immigration device. He additionally introduced 5 new mortgage schemes which might be introduced to Turkish Cypriot companies, protecting farms, small and medium-sized companies, tradesmen, the provider sector, and tourism amenities. “Our aim is to increase investment and production, and to support entrepreneurship and employment, especially among young people and women,” he mentioned of the loans. In overall, 800m TL (€15m) price of loans might be made to be had as a part of the brand new schemes. Yilmaz additionally made connection with works to resurface a complete of 822 kilometres price of roads, together with the street linking Rizokarpaso to the Apostolos Andreas monastery, the “mountain road” which hyperlinks Kyrenia and Kythrea, and the street which hyperlinks the villages of Livera and Orga within the island’s excessive northwest. In opposition to the top of his speech, he mentioned that Turkey’s determination to ship 4 F-16 fighter jets to the island in gentle of the struggle within the Heart East final month are proof that “as long as Turkey exists, the Turkish Cypriot people will continue to live in security”. He additionally handed remark at the Cyprus downside, pronouncing that “the Greek Cypriot side is not serious about a solution”, and that “the sovereign equality of the Turkish Cypriot people must be accepted”, ahead of concluding that “the most realistic and fair avenue to a permanent solution is a two-state structure”. This isn’t the reliable place of the Turkish Cypriot group, whose elected chief Tufan Erhurman favours a federal approach to the Cyprus downside. ![](https://cyprus-mail.com/wp-content/uploads/2026/04/9cc68ed2-2d92-4265-bef5-9db3b24d87c3.jpeg "-") Ustel, in the meantime, mentioned of the protocol that “the essence of our politics is not words, it is work, action, work”, ahead of promising that quite a lot of infrastructure tasks might be finished by way of the top of this 12 months. He additionally spoke in brief concerning the prospect of elections being held within the north, with 1000’s of protesters having descended at the Turkish Cypriot legislature in fresh days to call for, amongst different issues, that he name legislative elections once conceivable. The following Turkish Cypriot legislative elections will have to happen no later than subsequent February, and Ustel mentioned that “elections will be held when the time comes”. ![](https://cyprus-mail.com/wp-content/uploads/2026/04/deb788e3-b4c1-4502-a852-9620c5ddc42f.jpeg "-") He then returned to praising the protocol, pronouncing, “we aim to secure not only today, but tomorrow, with every step we take”, and including that his ruling coalition targets “to build a stronger economy, a more prosperous society, and a safer future”. “The future of the Turkish Republic of Northern Cyprus is strong and its tomorrow is bright,” he mentioned. Like Yilmaz ahead of him, he additionally made connection with the Heart East struggle, and poured scorn at the Greek Cypriot aspect for its movements in gentle of the struggle’s outbreak. “Due to the irrational policies of the Greek Cypriot administration, the island of Cyprus has become a part of the war,” he mentioned, including that, “in such an environment, the only power which allows the people to live in peace and security in the TRNC is the presence of Turkey on the island”. “If we live in peace while fire is on all sides, it is thanks to Turkey,” he mentioned. He then additionally made connection with the Cyprus downside, pronouncing that “the name of the solution is clear; the solution is two states”. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Finance **Tags:** 480m, Financial, North, protocol, sign, Turkey --- ### [Türkiye eyes Thai frigate deal, gives complete generation switch](https://turkbusinessnews.com/2026/07/13/turkiye-eyes-thai-frigate-deal-gives-complete-generation-switch/) **Published:** July 13, 2026 **Author:** spsingh **Content:** BANGKOK — 29 June 2026, Türkiye’s ambassador to Thailand mentioned Ankara hopes the Royal Thai Military will imagine Turkish frigate proposals as a part of efforts to improve bilateral protection ties, whilst stressing that Türkiye respects Thailand’s procurement resolution and is making use of no force. Talking on the Turkish Embassy on Sathorn Highway, Ambassador Jülide Kayihan mentioned Türkiye is looking for nearer army cooperation with Thailand after increasing protection ties with Indonesia and Malaysia. ![S 47923241 0](https://www.khaosodenglish.com/wp-content/uploads/2026/06/S__47923241_0-768x427.jpg "-") She mentioned Türkiye’s protection trade manufactures a vast vary of army apparatus, together with frigates, tanks, armored automobiles, fighter airplane, built-in air protection methods, drones and missiles. The apparatus has been deployed via the Turkish army and meets NATO requirements, as Türkiye is a member of the alliance. ![S 47923240 0](https://www.khaosodenglish.com/wp-content/uploads/2026/06/S__47923240_0-768x432.jpg "-") The ambassador mentioned Türkiye is conscious that the Royal Thai Military is comparing proposals for a brand new frigate program. Whilst Ankara hopes Turkish firms will probably be given the chance to cooperate with the Thai army, it totally respects Thailand’s decision-making procedure. ![S 47923247 0](https://www.khaosodenglish.com/wp-content/uploads/2026/06/S__47923247_0-768x576.jpg "-") One of the vital bidders, Turkish state-owned protection corporate ASFAT, has presented to construct the frigates solely in Thailand, together with moving the send design license. The proposal contains complete generation switch, permitting Thailand to independently assemble long run vessels of the similar magnificence, in addition to an offset funding program. ![S 47923248 0](https://www.khaosodenglish.com/wp-content/uploads/2026/06/S__47923248_0-768x432.jpg "-") Every other Turkish bidder, TAIS, has proposed its I-Elegance frigate, which is recently in carrier with the Turkish Military. Indonesia has additionally not too long ago ordered two I-Elegance frigates. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Technology **Tags:** deal, eyes, frigate, full, offers, Technology, Thai, transfer, Türkiye --- ### [Most sensible Eu Courtroom Takes Up Instances of Christians Banned from Türkiye](https://turkbusinessnews.com/2026/07/13/most-sensible-eu-courtroom-takes-up-instances-of-christians-banned-from-turkiye/) **Published:** July 13, 2026 **Author:** spsingh **Content:** Eu Courtroom of Human Rights officially communicates 20 instances of Christians banned from Türkiye only for residing out their religion ADF Global helps 17 instances, highlighting severe, systemic human rights issues Strasbourg (5 February 2026) — The Eu Courtroom of Human Rights (ECtHR) has officially taken up and “communicated” 20 instances introduced via Christians whom Türkiye successfully banned from re-entry only for residing out their religion. Those instances — virtually all supported via ADF Global — stem from the Turkish executive’s use of inner safety codes akin to “N-82” to label non violent international Christian citizens as threats to nationwide safety, blocking off them from coming into or final within the nation in spite of long-standing lawful place of dwelling. Since 2019, Turkish government have issued inner safety codes like “N-82” and “G-87” to loads of international Christians, fighting them from re-entering Türkiye after journeys in a foreign country or denying them place of dwelling lets in. Those measures have affected a minimum of 160 international staff and their households — estimated to be loads of people — lots of whom lived and served in Türkiye for many years. The ECtHR has collectively communicated those instances to the Turkish Executive, indicating that the Courtroom considers the programs sufficiently associated with be tested in combination and has proceeded to posing inquiries to the events. “Peaceful worship and participation in church life are not threats to national security. Yet foreign Christians in Türkiye — pastors, teachers, ministry workers, and missionaries — have been labelled security risks and expelled based on undisclosed files,” stated Dr. Lidia Rider, Felony Officer for ADF Global. “Deprived of access to the allegations, they had no meaningful opportunity to defend themselves in courts. The Court’s communication of these cases is a crucial step toward accountability and redress.” Discrimination In the back of the Numbers The federal government’s use of those codes successfully labels folks as a “threat to public order and security,” a classification typically reserved for terrorism suspects. In apply, on the other hand, the ones focused don’t have any felony information and no proof of illegal behavior — the one factor that they have got in commonplace is brazenly working towards and sharing their Christian religion. The 2024 Human Rights Violation Document offered via the Protestant Church Affiliation information 132 individuals who had been arbitrarily branded with an access ban code, fighting them from coming into Türkiye only at the foundation in their Christian religion. The full choice of the ones affected is 303, in keeping with the document. Reviews of identical measures affecting many international Protestant Christians display that those instances aren’t remoted, however level to a much wider development of systemic discrimination. The instances lift severe questions on elementary rights safe beneath the Eu Conference on Human Rights — together with freedom of faith, circle of relatives existence, and coverage from discrimination — and spotlight the desire for transparent, evidence-based choices when governments invoke public order or nationwide safety, particularly given the critical disruption those unexpected and unexplained bans have led to to long-term citizens and their households. Actual Folks, Actual Penalties Amongst the ones affected are long-term citizens akin to Pam and Dave Wilson, who served in Türkiye for nearly 40 years ahead of being barred from returning; Rachel and Mario Zalma (pseudonyms to keep anonymity), whose ministry paintings ended in an N-82 designation after attending a church convention; and David Byle, a Christian minister pressured into exile after 19 years of carrier. Those bans have now not handiest separated households from the communities they helped construct but in addition left native church buildings with out solid management, weakening the already-small Christian presence in a rustic the place Christians make up a tiny fraction of the inhabitants. A Longstanding Effort to Reveal Systemic Abuse Over a number of years, ADFI has raised consciousness of those human rights violations thru, amongst different actions, workshops with native legal professionals, educational publications and skilled submissions highlighting systemic violations of freedom of faith or trust and similar rights. ADF Global has supported a variety of candidates and suggest in those instances over a number of years. ADF Global immediately represents 4 folks ahead of the Courtroom, two of whom are lead candidates, and has supported just about the entire different instances. “We welcome the Court’s decision to jointly communicate these cases. These are not isolated mistakes or one-off decisions,” stated Kelsey Zorzi, Director of World Non secular Freedom for ADF Global. “By examining these cases together, the Court is acknowledging that they may reveal a pattern of discrimination against Christians in Türkiye. We look to the Court to uphold the fundamental principle that governments cannot strip people of their rights simply for living out their faith.” Photographs at no cost use in print or on-line with regards to this tale handiest Pictured: Dave and Pam Wilson; David Byle; Lidia Rieder; Kelsey Zorzi ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Press Release **Tags:** Banned, Cases, Christians, Court, European, takes, Top, Türkiye --- ### [World markets advance on easing geopolitical tensions, AI optimism](https://turkbusinessnews.com/2026/07/12/world-markets-advance-on-easing-geopolitical-tensions-ai-optimism/) **Published:** July 12, 2026 **Author:** spsingh **Content:** World markets traded upper Tuesday as stories of deliberate US-Iran talks in Doha eased geopolitical tensions, whilst optimism over returns from synthetic intelligence investments lifted era stocks. In the meantime, america Ultimate Court docket dominated that Federal Reserve Board member Lisa Prepare dinner can stay in place of business whilst felony lawsuits proceed over President Donald Trump’s strive to take away her. The verdict eased issues in regards to the Federal Reserve’s independence, with the benchmark US 10-year Treasury yield buying and selling round 4.37%. Brent crude fell 0.2% to $73.50 a barrel forward of the Doha talks, whilst america Buck Index rose 0.2% to 101.3 and gold slipped 0.8% to $3,986 an oz.. Power inflation issues persisted to enhance expectancies that rates of interest will stay increased, boosting the greenback and weighing on gold. Wall Boulevard closed upper Monday, led by means of positive aspects in era stocks. SpaceX stocks rose 7.15% after the corporate introduced its Nasdaq 100 debut beginning July 7, whilst Google mum or dad Alphabet won 4.96% after being added to the Dow Jones Commercial Moderate, changing Verizon. Comcast stocks rose 4.53% following a press release that it plans to spin off its media and tech operations into two publicly traded corporations. The Dow Jones Commercial Moderate rose 0.59%, the S&P 500 won 1.18% and the Nasdaq Composite climbed 2.07% on Monday, whilst US index futures pointed to a better open Tuesday. Ecu markets closed decrease Monday amid lingering uncertainty over the sturdiness of the reported US-Iran settlement. On the other hand, they traded most commonly within the inexperienced on Tuesday. In the meantime, eurozone financial sentiment stepped forward in June, with the Ecu Fee’s financial sentiment index emerging from 93.5 to 95, whilst client self belief remained at minus 17.7. Asian markets additionally traded most commonly upper Tuesday, taking their cue from Wall Boulevard’s positive aspects and stronger-than-expected production information from China. China’s production Buying Managers’ Index (PMI) rose to 50.3 in June, beating expectancies and signaling more potent business task, boosting chance urge for food within the area. In Japan, business manufacturing rose 0.5% in Would possibly, relatively underneath expectancies, whilst the unemployment charge held stable at 2.5%. The yen weakened to a 40-year low of round 162.4 towards america greenback, fueling expectancies that Eastern government may just interfere in forex markets. The weaker yen has supported exporters however greater import prices, including power on families. The yen’s weak spot has additionally greater political power on High Minister Sanae Takaichi’s govt. Close to the shut, Japan’s Nikkei 225 won 1.6%, South Korea’s Kospi complicated 3.2% and China’s Shanghai Composite rose 0.2%, whilst Hong Kong’s Hold Seng fell 1.2%. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Business **Tags:** advance, easing, geopolitical, global, markets, optimism, tensions --- ### [Germany’s Merz: Türkiye key ‘strategic ally’ for us in international, safety coverage](https://turkbusinessnews.com/2026/07/12/germanys-merz-turkiye-key-strategic-ally-for-us-in-international-safety-coverage/) **Published:** July 12, 2026 **Author:** spsingh **Content:** German Chancellor Friedrich Merz pledged nearer safety and international coverage cooperation with Türkiye on Wednesday, emphasizing Ankara’s pivotal position in keeping up regional peace and balance. “I appreciate Türkiye’s role. It is a key strategic ally for us in foreign and security policy,” he instructed journalists in Ankara on the conclusion of a two-day NATO summit hosted through Turkish President Recep Tayyip Erdoğan. Merz thanked Erdoğan for effectively webhosting the high-profile collecting and instructed journalists that throughout his bilateral assembly with the Turkish president, they mentioned deepening cooperation and exchanged perspectives on urgent regional and world problems. “I’ve just reiterated to President Erdoğan during our conversation that, given Turkey’s geostrategic location alone, we have a strong interest in working closely with our NATO partner and that is exactly what we are doing,” stated Merz. The chancellor praised Türkiye’s position in selling peace and balance in a risky community and stated Ankara has made “an enormous contribution” to regional stabilization. “We recognize that the successes achieved in Syria would most likely not have been possible without the contribution of the Turkish president,” Merz stressed out. He disclosed that he requested Erdoğan to make use of his affect with Russian President Vladimir Putin to assist finish the warfare in Ukraine. Merz added that he’s going to host Erdoğan in Berlin within the close to long run for the following spherical of German-Turkish intergovernmental consultations. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** National **Tags:** ally, foreign, Germanys, key, Merz, policy, security, strategic, Türkiye --- ### [More than one explosions reported throughout southern Iran as US launches new moves](https://turkbusinessnews.com/2026/07/12/more-than-one-explosions-reported-throughout-southern-iran-as-us-launches-new-moves/) **Published:** July 12, 2026 **Author:** spsingh **Content:** More than one explosions had been reported throughout southern Iran early Sunday as america introduced new moves, in line with Iranian media. State TV reported 3 explosions in Bandar Abbas, two in Sirik, two close to Chabahar and 5 in Dayyer, Bushehr province. It additionally reported explosions in Asaluyeh and Bandar Dayyer. No casualties or harm had been reported. The moves got here after america army’s Central Command (CENTCOM) stated it introduced a 3rd spherical of operations towards Iran this week according to what it described as an Islamic Progressive Guard Corps assault on a Cyprus-flagged container send within the Strait of Hormuz. It stated the operation used to be geared toward degrading Iran’s skill to focus on business transport. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** International **Tags:** explosions, Iran, launches, Multiple, reported, southern, strikes --- ### [Turkey’s Finance Ministry eyes luxurious automotive house owners for tax evasion](https://turkbusinessnews.com/2026/07/12/turkeys-finance-ministry-eyes-luxurious-automotive-house-owners-for-tax-evasion/) **Published:** July 12, 2026 **Author:** spsingh **Content:** Duvar English The Turkish Treasury and Finance Ministry’s Tax Inspection Board (VDK) began scrutinizing taxpayers who didn’t claim taxes in step with their expenditures. Tax inspectors started investigating luxurious automotive house owners’ source of revenue resources to resolve if those earning have been declared. The investigation concerned with 7,885 luxurious automobiles, revealing that many house owners had no declared source of revenue or corporate partnerships, or their firms didn’t distribute earnings. The luxurious automobiles incorporated 2022, 2023, and 2024 fashions of Porsche, Bentley, Ferrari, Lotus, Maserati, Mercedes, and BMW. In keeping with knowledge bought by means of AA from the Ministry, the main objectives have been people who obtained luxurious automobiles with unreported source of revenue. The investigation discovered that roughly 3,000 automobiles have been registered to people, of whom 2,000 had partnerships in 7,000 firms, however most effective 300 firms disbursed earnings in 2022 and 2023. Moreover, 780 automobiles have been registered to people and not using a taxpayer standing and no source of revenue resources. Handiest 150 luxurious automotive house owners have been discovered to have declared source of revenue, with 100 of them reporting earnings beneath 1,000,000 lira (30,000 greenbacks). The investigation prioritized the ones with out taxpayer standing, corporate partnerships, or different declared source of revenue. Due to this fact, the focal point shifted to these with corporate partnerships however no benefit distribution or different source of revenue declarations. As a part of the investigation, 500 automotive house owners have been referred for tax audits to resolve if their eventualities have been associated with unreported income. VDK encountered notable examples all the way through the assessment. In a single example, corporate house owners purchased Mercedes automobiles price 23 million liras (696,500 greenbacks) in 2023, in spite of their firms most effective reporting modest earnings and now not distributing them. The bills have been traced to corporate financial institution accounts however weren’t recorded within the accounts. In some other case, people and not using a declared source of revenue or corporate partnerships bought Bentley automobiles for 27 million liras (817,600 greenbacks) in 2023. Tax inspectors aimed to spot the source of revenue resources for those luxurious automobiles and make sure the source of revenue was once taxed. A cash laundering investigation could be carried out if no prison supply was once discovered. The transfer comes as a part of the tax will increase the federal government presented to battle the price range deficit, anticipated to be 6.4 p.c of the gross home product (GDP). The draft legislation handed the parliamentary fee on July 28, with will increase anticipated to come back into impact on January 1, 2025. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Finance **Tags:** car, evasion, eyes, Finance, luxury, Ministry, owners, tax, Turkeys --- ### [Türkiye Mobilizes Over 300 Mavens to Release Nationwide Quantum Era Technique and Superconducting Processor Techniques - Quantum Computing Document](https://turkbusinessnews.com/2026/07/12/turkiye-mobilizes-over-300-mavens-to-release-nationwide-quantum-era-technique-and-superconducting-processor-techniques-quantum-computing-document/) **Published:** July 12, 2026 **Author:** spsingh **Content:** The Presidency of the Republic of Türkiye, Secretariat of Defence Industries (SSB) has formally unveiled the SSB Quantum Program, organising a complete, sovereign roadmap designed to cement the country’s technological independence throughout quantum computing, quantum sensing, and safe quantum communications. Formulated beneath the Quantum Center of attention Era Community (OTAĞ) procedure, the strategic infrastructure plan synthesizes contributions from 305 technical professionals throughout 123 protection, instructional, and army organizations. The implementation blueprint goals 85 precedence era spaces, structurally bifurcated into 34 temporary and 51 long-term operational benchmarks. The multi-tiered initiative aligns with Türkiye’s broader nationwide protection doctrine to reduce exterior dependency on international technical stacks, which Defence Industries Secretary Haluk Görgün designated as a vital vulnerability similar to a silent switch of nationwide sovereignty. \[ OTAĞ Strategic Process Framework \] (305 Multi-Disciplinary Mavens / 123 Establishments) │ ┌────────────┴────────────┐ ▼ ▼ \[ 34 Near-Term Priorities \] \[ 51 Long-Term Priorities \] • Publish-Quantum Safety • Nanofabrication Enlargement • Magnetometer Navigation • Multi-Qubit QPU Scale-Out • QKD Communications • Cryogenic Metric Packaging Home Production and Superconducting Processor Construction Tasks On the middle of the {hardware} push is the Superconducting Quantum Processor Unit (QPU) Construction Mission, a strategic top contract awarded to protection era programs integrator ASELSAN. Construction upon foundational R&D tracks initiated in 2021 and the deployment of the 5-qubit QuanT prototype device at TOBB ETÜ, the venture transitions the home quantum ecosystem from laboratory design into business production. ASELSAN will assemble and procedure those local chips at Türkiye’s first devoted superconducting manufacturing facility. This specialised set up supplies the high-vacuum cleanrooms and sub-kelvin cryogenics important to fabricate lithographed superconducting circuits. To maintain a localized, full-stack {hardware} provide chain, the contract establishes a good co-design community linking business production with specialised institutional analysis hands: Educational Superconductivity Mavens: Sabancı College and Koç College give you the localized quantum physics modeling, subject matter optimization, and low-level loop topologies required to maintain strong superconducting segment states. Metrology and Standardization Core: The TÜBİTAK Nationwide Metrology Institute (UME) manages high-precision dimension layers, sign calibration validation, and error-mitigation benchmarks to verify multi-vendor part interoperability. Quantum Sensing and Inertial Navigation in Denied Environments Past uncooked virtual computation, near-term deployment efforts prioritize rapid safety programs, particularly spearheaded via the Kerteriz Mission. This initiative makes a speciality of the engineering and demonstration of complex quantum magnetometers designed for precision submarine detection and signal-independent navigation. Via exploiting the localized segment sensitivities of quantum states to measure micro-Tesla ambient magnetic distortions, the device permits naval and aerospace platforms to care for actual geographic monitoring in GPS-denied or extremely electronic-warfare-congested running zones. \[ SSB Structural Infrastructure Goals \] Vital Checking out Labs ──► Cryogenic testbed chambers running close to absolute 0 (-273°C). Packaging & Meeting ──► Low-noise sensor shielding and semiconductor packaging traces. Body of workers Competency ──► Devoted postgraduate quantum engineering and set of rules tracks. The operational synchronization of those numerous platforms is ruled via the newly deployed Türkiye Quantum Platform portal, an inter-institutional hub designed to control the shared usage of state-funded nanofabrication traces, cryogenic trying out programs, and sensor packaging laboratories. To counter long-range cryptographic threats—such because the “harvest now, decrypt later” vector focused on legacy public-key encryption (RSA and ECC)—the platform will concurrently set up the SSB Quantum Set of rules Pageant and the Defe nse Trade Quantum Applied sciences Strategic Competence Construction Cooperation Protocol. This group of workers initiative leverages the exceptionally younger engineering base of the Turkish protection sector—averaging 34 years of age—to coach a extremely specialised pipeline of quantum engineers, positioning the country to give protection to its information sovereign barriers within the NATO Transatlantic Quantum Neighborhood. The entire strategic roadmap definitions, institutional portfolios, and protection contract parameters may also be audited by way of the reliable Türkiye Quantum Platform right here, with breaking coverage protection and venture signatures tracked within the Day-to-day Sabah Nationwide Briefing right here and analyzed around the world era deployment panorama within the Open Quantum Observatory Document right here. June 29, 2026 ![Print Friendly, PDF & Email](https://cdn.printfriendly.com/buttons/printfriendly-pdf-button.png) ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Technology **Tags:** Computing, experts, launch, Mobilizes, National, Processor, Programs, quantum, Report, Strategy, Superconducting, Technology, Türkiye --- ### [Russian gasoline disaster pushes some pump costs previous 100 roubles](https://turkbusinessnews.com/2026/07/11/russian-gasoline-disaster-pushes-some-pump-costs-previous-100-roubles/) **Published:** July 11, 2026 **Author:** spsingh **Content:** Unbiased filling stations in Russia have begun promoting gasoline for greater than 100 roubles ($1.27) a litre for the primary time, resources at retail chains mentioned, as shortages led to by way of Ukrainian assaults on oil refineries pressure an extraordinary surge in spot fuel ⁠and diesel costs. Intensifying moves on ⁠Russian power infrastructure have brought about gasoline restrictions throughout a lot of the rustic, with in particular critical curbs imposed in a lot of southern Russia and Siberia, in addition to all of Russian-occupied Ukraine. Unbiased outlets approached ⁠the associated fee threshold of 100 roubles in step with litre two weeks in the past, however didn’t go it as a result of their instrument was once no longer configured to put it up for sale three-digit costs on show forums, the resources mentioned. By means of the top of June, worsening marketplace prerequisites drove those filling stations to make the technical updates with the intention to be offering fuel and diesel at as much as 120-140 roubles in step with litre, in step with the resources. Costs at chain stations operated by way of vertically built-in oil corporations are little other from pre-crisis ranges: AI-92 prices about 63-66 roubles in step with litre, ⁠and ⁠AI-95 about 70-73 roubles in step with litre. Those corporations are adhering to an off-the-cuff figuring out with regulators that worth will increase will have to stay inside the tempo of inflation, buyers mentioned. The cost disparity has ended in gasoline promoting out temporarily at oil-company stations, prompting them to droop operations till the following supply. On Sunday, President Vladimir Putin stated that Ukraine’s drone marketing campaign had ended in shortages, however mentioned the government had been coping with the problem. Russia’s fuel manufacturing has remained underneath ⁠the extent of intake since Would possibly, whilst diesel manufacturing has been kind of on the degree of intake, in step with business experts’ estimates. SLOW WHOLESALE DELIVERIES FURTHER SQUEEZE SUPPLY At the wholesale facet, call for considerably exceeds provide with maximum acquire bids unfilled, business resources mentioned. Gross sales volumes at the St. Petersburg Global Mercantile Alternate (SPIMEX) of wholesale a variety of AI-92 fuel and diesel gasoline are lower than part their ranges in June ⁠2025, whilst ‌AI-95 volumes ‌are down by way of a couple of 3rd, the resources mentioned. Sluggish ⁠supply is additional squeezing provide. Dealers are steadily ‌suspending shipments and delays of 1 to 2 months have develop into the norm, alternate members mentioned. Buyers, in the meantime, mentioned spot gasoline ⁠provides had been to be had most effective at depots that won wholesale ⁠quite a bit bought at the alternate or that also have volumes stockpiled over the ⁠iciness. The cost of such small wholesale quite a bit, with speedy loading right into a highway tanker, is two times the typical wholesale worth on SPIMEX. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Business **Tags:** Crisis, fuel, Prices, pump, pushes, roubles, Russian --- ### [President Erdoğan says NATO summit effectively concluded, highlights Türkiyes protection functions](https://turkbusinessnews.com/2026/07/11/president-erdogan-says-nato-summit-effectively-concluded-highlights-turkiyes-protection-functions/) **Published:** July 11, 2026 **Author:** spsingh **Content:** Turkish President Recep Tayyip Erdoğan mentioned on Wednesday that the 2026 NATO summit within the capital Ankara concluded “successfully,” describing it as a “historic” collecting that may assist form the alliance’s long run at a time of heightened safety demanding situations around the Euro-Atlantic area. He stated the assembly got here at a crucial second for Euro-Atlantic safety and would have lasting importance for the alliance. “This historic summit, which we hosted at a time when Euro-Atlantic security is being tested, has been conducted in a manner that will shape our common future,” he stated. Erdoğan stated Türkiye has needed to deal with regional crises and terrorism for many years with out profiting from the post-Chilly Battle “peace dividend” loved via many Eu international locations. “There were times when we were left alone and treated unfairly. Therefore, we often had to rely on our own capabilities,” he stated. He famous that the ones efforts have enabled Türkiye to surpass many NATO allies in protection spending, army functions and the power of its protection business. “Today, in terms of defense spending, military capabilities and the defense industry that underpins them, we are well ahead of many allies,” Erdoğan stated. The president added that NATO leaders reviewed the implementation of commitments made eventually yr’s summit in The Hague and reaffirmed Türkiye’s plans to additional build up its contributions to the alliance. TÜRKİYE’S ROLE IN NATO Highlighting Türkiye’s army function inside of NATO, Erdoğan stated the rustic instructions the alliance’s second-largest land power and has lengthy served because the cornerstone of safety on NATO’s southeastern flank. “We currently command NATO’s second-largest land army. For decades, the security of NATO’s southeastern flank has largely been entrusted to our country,” he stated. He stated Türkiye stays a number of the main participants to NATO operations, missions and commonplace investment, including that Turkish F-16 fighter jets will probably be deployed to Estonia starting in August as a part of NATO’s Air Policing undertaking. Erdoğan additionally stated Ankara will proceed main the NATO-led Kosovo Pressure (KFOR) till September 2026 and is scheduled to command the NATO Reaction Pressure in 2028–2029. Highlighting Türkiye’s protection business, Erdoğan stated the rustic is without doubt one of the few NATO participants able to generating its personal fighter plane, tanks, naval vessels and air protection programs. He added that Ankara has develop into an international chief in unmanned aerial cars, naval drones and warship manufacturing whilst additionally supplying protection merchandise to allied countries. Erdoğan reiterated that EU protection tasks must supplement NATO, fairly than replica its efforts. “The European Union’s defense initiatives must complement NATO and avoid unnecessary duplication. I draw the attention of our allies and the EU leadership to this important point at every opportunity and in every forum,” he stated. Erdoğan additionally renewed his name for the removing of ultimate restrictions on protection industry amongst NATO allies. “Although some obstacles to defense industry trade among allies have decreased, they still exist. These restrictions must be removed as soon as possible, without conditions,” he stated. ‘TRUMP HAS POSITIVE APPROACH ON F-35 FIGHTER JETS’ Erdoğan stated his US counterpart, Donald Trump, has taken a “positive approach” on turning in F-35 fighter jets to Türkiye, whilst additionally announcing that US sanctions in opposition to Ankara were in large part got rid of. The Turkish president stated he was once constructive that Ankara would sooner or later obtain the fifth-generation fighter jets. “Mr. Trump actually has a positive approach toward Türkiye on the F-35 issue. Hopefully, when the F-35s are delivered to Türkiye, the whole world will say, ‘America kept its promise,'” Erdoğan stated. In 2019, throughout Trump’s first time period, the USA suspended Türkiye from the F-35 program after objecting to its acquire of Russia’s S-400 missile protection gadget, claiming the Russian gadget would endanger the fighter jets. Türkiye has again and again stated there’s no struggle between the 2 programs and proposed a fee to check the problem. Ankara additionally says it fulfilled its tasks at the F-35s and that its suspension violated the principles, keeping up that the jets would improve now not handiest Türkiye, but in addition NATO. Responding to a query about US sanctions, Erdoğan stated Washington is now not actively imposing sanctions in opposition to Türkiye. “At the moment, the United States is not applying any sanctions against us. To a large extent, they have been lifted,” he stated. Erdoğan added that senior Turkish officers, together with the rustic’s protection minister, international minister, leader of the overall personnel and vp, had firsthand wisdom that the constraints had been now not being enforced. He additionally praised his conversation with Trump, announcing the USA president responds briefly when contacted. “Whenever we need to reach Mr. Trump, he gets back to us within 24 hours, and we receive the necessary response,” Erdoğan stated. The Turkish president stated protection cooperation would stay “one of the key pillars” of Turkish-US family members, along increasing financial ties. “It is in Türkiye’s interest to develop our economic relations with the United States, and America also agrees with this,” he stated, including that each he and Trump shared the similar view throughout their bilateral discussions. Erdoğan additionally highlighted Türkiye’s rising protection business, specifically its unmanned aerial automobile sector. He pointed to Turkish protection corporate Baykar for example of the sphere’s good fortune. “Baykar is taking an important step, and this process continues. They are receiving very serious orders from around the world and continue to do so. This shows that our unmanned aerial vehicles and armed drones have found acceptance globally,” Erdoğan stated. DEFENSE COOPERATION WITH US Erdoğan additionally stated he reached an working out with Trump to make bigger cooperation within the protection and financial fields, despite the fact that he didn’t supply a timeline for additional agreements. “I wouldn’t call it a timetable, but Mr. Trump and I reached an understanding on this issue,” he stated. The Turkish president stated the 2 leaders mentioned imaginable joint tasks within the protection sector, together with naval building. “We discussed shipbuilding in particular. These could include frigates, corvettes or submarines. Türkiye can build these in its shipyards and is fully capable of doing so,” Erdoğan stated. ENGINE PROCUREMENT FOR KAAN FIGHTER JET Erdoğan stated Trump expressed make stronger for the sale of F110 jet engines for Türkiye’s indigenous KAAN fighter plane. “I had discussed the issue of these engines with Mr. Trump before. He took a positive approach. Hopefully, there will not be any problems,” he stated. The Trump management has reportedly knowledgeable Congress not too long ago of its purpose to transport ahead with a proposed sale of dozens of jet engines to Türkiye in a deal valued at greater than $700 million. Overdue remaining month, when requested in regards to the proposed engine sale and the potential of Türkiye returning to the F-35 program, Trump stated: “I’m going to probably do something that will make them very happy.” The F110 engines, manufactured via Normal Electrical, are anticipated to energy Türkiye’s regionally advanced KAAN fighter jet, a flagship protection program introduced in 2016 to cut back the rustic’s reliance on international army apparatus. ‘KEEP WATCHING US’ Erdoğan additionally disregarded grievance from Israeli High Minister Benjamin Netanyahu and Greek Premier Kyriakos Mitsotakis over a possible sale of F-35 fighter jets to Türkiye, saying Ankara’s proper to supply and buy complex protection apparatus. “Neither of those statements has any place in my world,” Erdoğan stated. “It is clear what waters Netanyahu is swimming in. Mr. Mitsotakis should not have fallen into such a mistake,” he added. Erdoğan stated Türkiye hasn’t ever objected to Greece’s protection acquisitions and anticipated the similar means in go back. “Have we ever puzzled why Mr. Mitsotakis purchased or is purchasing protection apparatus for Greece? No. But Greece is our neighbor. We can have made such feedback, however there’s no want. “A country can buy and sell defense equipment. Türkiye is already producing these systems, and alongside producing them, it also has the right to buy them,” he stated. The Turkish president added that Ankara continues to carry protection procurement talks with quite a lot of international locations and is shaping its insurance policies accordingly. Requested about his assembly with Trump and whether or not Washington had connected a imaginable F-35 sale to Türkiye’s Russian-made S-400 air protection gadget, Erdoğan declined to elaborate. “Keep watching us,” he responded. Erdoğan additionally promoted Türkiye’s indigenous Metal Dome built-in air protection undertaking, announcing it might improve each Türkiye’s and NATO’s defensive functions. “The Steel Dome Project is also the strongest arm-wrestling move for NATO in our region,” he stated. “We have taken all the necessary steps, and Türkiye is making progress with the Steel Dome every day. We have showcased these capabilities from time to time, and we will continue to do so. If others have different domes, we also have the Steel Dome.” TÜRKİYE CALLS FOR PEACE IN UKRAINE AND MIDDLE EAST Erdoğan steered renewed diplomatic efforts to finish the wars in Ukraine and the Center East, announcing the area can’t bear additional struggle. Right through the two-day summit, Erdoğan stated NATO allies had mentioned the warfare in Ukraine, regional safety and the battle in opposition to terrorism. He reiterated that terrorism stays “one of NATO’s two principal security threats” and stated the alliance should take care of trustworthy team spirit in preventing it. Turning to the warfare in Ukraine, Erdoğan stated the struggle has entered its 5th yr and has develop into a warfare of attrition with heavy casualties. “This war of attrition has turned into a slaughter machine, claiming tens of thousands of casualties every month,” he stated. Erdoğan stated Türkiye has persistently advocated discussion and international relations because the struggle started and reaffirmed Ankara’s be offering to facilitate negotiations. “There are no losers in a just peace. I would like to reiterate that we are ready to bring the parties together once again in Türkiye,” he stated. ‘OUR REGION CAN TOLERATE NEITHER NEW TENSIONS NOR NEW CONFLICTS’ Erdoğan stated Israeli assaults on Lebanon have persisted regardless of diplomatic efforts, leading to just about 5,000 deaths since March 2, forcing civilians to escape, destroying towns and, in his phrases, resulting in the sluggish seizure of Lebanese territory. He additionally condemned Israel’s army marketing campaign within the Gaza Strip, announcing “occupation and oppression continue unabated.” Greater than 73,000 Palestinians, maximum of them ladies and kids, were killed in Gaza, Erdoğan famous. “Those who see their own security in the instability of the region are trying to extinguish even the smallest glimmer of peace,” he stated. He warned in opposition to encouraging what he described as a “war-addicted mentality” and wired that the area urgently wishes steadiness. “Our region can tolerate neither new tensions nor new conflicts. On the contrary, like air and water, humanity needs peace, tranquility and stability,” Erdoğan stated. Erdoğan stated he again and again raised the warfare in Gaza throughout the summit discussions, describing the struggle as one of the most Center East’s gravest crises. “I insisted on discussing Gaza and emphasized it repeatedly. We see Gaza as a disaster of the Middle East,” he stated, including: “We need to restore peace and calm there as soon as possible.” On regional safety, Erdoğan stated Türkiye stays dedicated to serving to keep steadiness within the Strait of Hormuz. “We are doing everything we can and will continue to do so,” he stated, underlining the want to keep away from the Strait of Hormuz turning into a theater of warfare. “If we can achieve that, we will be very pleased.” SIDELINE BILATERAL MEETINGS Erdoğan additionally stated he held talks on bilateral and regional problems with a number of leaders throughout the summit, together with Trump and the leaders of Canada, Finland, France, Germany, Italy and the United Kingdom. He famous that Syrian President Ahmed al-Sharaa was once additionally in Ankara and stated he would later attend a running dinner with EU leaders sooner than website hosting the ones of Montenegro, Slovakia and Albania on Thursday. He introduced that Türkiye will host two further primary world gatherings sooner than the top of 2026: the thirteenth Summit of the Group of Turkic States in Ankara on Oct. 29-30 and the COP31 UN Local weather Summit in Antalya from Nov. 9 to twenty. Erdoğan thanked NATO Secretary-Normal Mark Rutte, summit organizers and the folk of Ankara for his or her function in website hosting the development, announcing that they had as soon as once more demonstrated Türkiye’s hospitality to the sector. TRUMP MEETING ‘VERY PRODUCTIVE’ Requested about his talks with Trump at the summit sidelines, Erdoğan described the assembly as extremely a success. “It was a very, very productive meeting,” he stated. “Our joint press appearance covered a broad range of issues. Both President Trump and I answered all the necessary questions.” Erdoğan added that Trump gave the impression happy following their discussions, having “left the press conference very happy.” The Turkish president additionally stated he didn’t talk about tendencies within the South Caucasus or the problem of the Greek Orthodox Halki Seminary with Trump throughout their assembly, however famous that the 2 leaders stay in shut touch and will talk about regional problems via telephone each time vital. OPEN DIALOGUE WITH GREECE On family members with Greece, Erdoğan welcomed Mitsotakis’ contemporary remarks expressing a want to unravel disputes over maritime jurisdiction within the Aegean Sea. “I share Mr. Mitsotakis’ view on resolving the issues in the Aegean Sea,” Erdoğan stated. Underlining that the 2 international locations’ international ministers would proceed discussions, he stated the leaders themselves might get entangled immediately if vital. “Resolving the issues in those waters is first and foremost the responsibility of the leaders. I share the same view,” he stated. Requested about plans via Greece to increase its territorial waters and the longstanding “casus belli” dispute between the 2 international locations, Erdoğan referred to as for direct discussion as an alternative of escalating tensions. “Let us sit down, talk and resolve the issue,” he stated. Erdoğan additionally highlighted that the concept that of the Blue Native land (Mavi Vatan) stays crucial component of Türkiye’s maritime coverage. TÜRKİYE’S EU BID Turning to Türkiye’s decades-long goal to enroll in the EU, Erdoğan stated he would proceed urgent Eu leaders to advance Ankara’s accession procedure. He stated he had raised the problem with German Chancellor Friedrich Merz and deliberate to speak about it additional with Eu Fee President Ursula von der Leyen and different EU leaders. “We will tell them that making Türkiye wait for 53 years is an injustice. We will ask them to free Türkiye from this injustice,” Erdoğan stated. “I hope they will finally open the door.” ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** National **Tags:** capabilities, concluded, defense, Erdoğan, highlights, NATO, President, successfully, summit, Türkiyes --- ### [Iranian overseas minister arrives in Oman to talk about bilateral, regional problems](https://turkbusinessnews.com/2026/07/11/iranian-overseas-minister-arrives-in-oman-to-talk-about-bilateral-regional-problems/) **Published:** July 11, 2026 **Author:** spsingh **Content:** No additional main points are to be had as but. On Friday, IRNA reported that the location within the Strait of Hormuz used to be some of the problems to be mentioned throughout the talk over with. In mid-June, Iran and the USA reached a Pakistan-brokered memorandum of figuring out aimed toward finishing their army warfare and achieving a long-lasting peace settlement. On the other hand, all sides exchanged assaults during the last two days amid an escalation following Iranian assaults on 3 business vessels within the Strait of Hormuz. Tehran introduced a sequence of moves Thursday on US army infrastructure in Bahrain, Kuwait, Qatar and Jordan in retaliation for a 2nd consecutive night time of US assaults. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** International **Tags:** arrives, bilateral, discuss, foreign, Iranian, issues, minister, Oman, regional --- ### [Turkey’s opposition head accuses Erdoğan of prison ‘coup’](https://turkbusinessnews.com/2026/07/11/turkeys-opposition-head-accuses-erdogan-of-prison-coup/) **Published:** July 11, 2026 **Author:** spsingh **Content:** Turkey’s greatest opposition birthday celebration will release proceedings and mass protests that carry “life to a standstill” if the federal government pushes forward with a prison “coup” towards its management, its maximum senior determine stated. Özgür Özel, chair of the Republican Folks’s birthday celebration (CHP), advised the Monetary Occasions that President Recep Tayyip Erdoğan used to be seeking to create a Russian-style one birthday celebration gadget in Turkey, and that the CHP used to be the “last obstacle” status in his manner. Özel used to be talking after a bombshell retroactive ruling by means of a Turkish decrease courtroom this week stated that the 2023 appointment of the CHP’s Istanbul provincial head used to be invalid — a landmark choice that would curtail any efficient long term problem to Erdoğan’s greater than two decade rule. The federal government “staged a coup against the future ruling party”, Özel stated in an interview. “They are trying to take over the party that won the last election, was the founding party of the Turkish republic, is the party leading every poll . . . We’re facing an authoritarian government and . . . the only option is to resist,” he stated. “If the CHP goes, Turkey will go too.” In an indication of escalating tensions, on Sunday night time police arrange barricades in spaces across the CHP’s Istanbul headquarters to dam public get admission to after the birthday celebration known as for town citizens and different opposition politicians to display towards the courtroom choice. The most recent strikes towards the CHP started on Tuesday with a courtroom ruling that set a precedent for a extra consequential case on September 15. That case may result in Özel and different senior CHP officers being changed with government-friendly appointees — in impact, neutering the federal government’s largest rival. In each instances, the CHP has been accused of alleged “irregularities”, reminiscent of money bills, that influenced the choice of senior birthday celebration officers at interior CHP conventions, together with the 2023 congress that elected Özel. The CHP vociferously denies the allegations. Talking at his birthday celebration’s headquarters in Ankara, Özel stated he believed Turkey’s decrease courts didn’t have the prison authority to rule on electoral issues — that are the jurisdiction of upper courts — and that the CHP would now not recognise such choices. However, he added, if “Erdoğan is playing a dirty game, we can also play . . . that game and respond to him with similar cunning”. One chance, which the CHP used to be taking into account, is to release instances that problem the validity of all previous elections — together with those who Erdoğan has received, such because the 2017 referendum that established Turkey’s presidential gadget and expanded Erdoğan’s powers. Turkey’s electoral council had controversially dominated all through the tight vote that it could rely unstamped ballots as legitimate until they had been confirmed fraudulent. Council of Europe election observers due to this fact criticised the transfer. “It must be acknowledged that not all judges in Turkey are under . . . Erdoğan’s control,” Özel stated. On the other hand, this plan of action used to be “risky”, he added, as it could additional undermine the guideline of legislation in Turkey, and whilst “Erdoğan is lawless, the CHP is law abiding”. The federal government insists that Turkey’s courts are unbiased, however the CHP — established over a century in the past by means of Mustafa Kemal Atatürk, founding father of the republic — says this and different instances towards it are politically motivated. Turkish monetary belongings slumped instantly after this week’s ruling. Özel stated the birthday celebration had more than a few different plans on how to reply to the crackdown, together with “peaceful but highly effective civil disobedience actions . . . that will bring life to a standstill” in Turkey. He has instructed crowds “not of millions but tens of millions” may accumulate, however declined to present main points. “I do not want him \[Erdoğan\] to prepare . . . He is trying to predict what our reaction will be,” Özel stated. The fine details of the prison scuffling with are advanced and contentious. However they arrive as polls display that the CHP would beat Erdoğan’s governing Justice and Construction birthday celebration had been an election held as of late. Advisable The arrest on corruption fees of Istanbul mayor and CHP presidential candidate Ekrem İmamoğlu in March sparked a monetary panic and Turkey’s largest protests in additional than a decade. Along with Istanbul — which accounts for a 3rd of Turkey’s GDP — a number of different huge towns have additionally just lately shifted to CHP keep watch over. Eventually yr’s native elections, the CHP received just about 38 in step with cent of the votes, changing into the rustic’s main birthday celebration relating to vote proportion. “Erdoğan knows that he can’t win elections anymore. That is why he wants \[weak\] opposition parties, like in Russia,” Özel stated. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Finance **Tags:** accuses, coup, Erdoğan, legal, opposition, Turkeys --- ### [Large Tech bets on Türkiye as cloud investments boost up](https://turkbusinessnews.com/2026/07/11/large-tech-bets-on-turkiye-as-cloud-investments-boost-up/) **Published:** July 11, 2026 **Author:** spsingh **Content:** Just a few months after Google Cloud introduced a $3 billion funding in partnership with Turkcell in November 2025, Amazon Internet Products and services (AWS) has additionally unveiled its enlargement into Türkiye. AWS is launching a Native Zone get admission to level in Istanbul. The back-to-back selections by way of two world generation giants aren’t any twist of fate. With its strategic geographic location and hastily increasing virtual financial system, Türkiye is more and more positioning itself as a bridge between Europe, the Heart East and Asia, supported by way of tangible infrastructure investments. Whilst the full-scale Google Cloud area deliberate with Turkcell is focused to turn into operational between 2028 and 2029, AWS’s Native Zone is already are living. AWS Native Zones position cloud infrastructure nearer to primary metropolitan spaces, enabling single-digit millisecond latency for finish customers. This capacity is especially essential for monetary establishments undertaking high-frequency buying and selling, well being care suppliers processing delicate affected person knowledge, and public-sector organizations handing over virtual services and products to voters. A few of the first customers of the Istanbul Native Zone are ForInvest, which processes a good portion of Borsa Istanbul’s fairness marketplace knowledge, and MigrosOne, which operates grocery store chain Migros’ virtual platforms. Outstanding resolution From a technical viewpoint, the Istanbul Native Zone is likely one of the first places globally to supply Amazon S3 services and products inside a Native Zone surroundings. Key options come with seventh-generation EC2 cloud servers, native object garage functions, and a high-bandwidth spine connection to the AWS Europe (Frankfurt) Area. Organizations matter to knowledge localization necessities can stay workloads bodily inside Türkiye whilst concurrently gaining access to the wider AWS ecosystem thru Frankfurt connectivity. Information sovereignty and localization take a seat on the heart of each investments. Just like the Google Cloud Area deliberate for Türkiye, the AWS Native Zone permits organizations to retailer and procedure knowledge throughout the nation’s borders. This can be a decisive benefit for public establishments and monetary organizations working underneath strict private knowledge coverage rules. Development virtual financial system foundations Trade and Era Minister Mehmet Fatih Kacır in the past said that Türkiye targets to draw $10 billion in knowledge heart and synthetic intelligence investments by way of 2030. The consecutive bulletins from Google Cloud and AWS supply tangible proof of the rustic’s growth towards that purpose. Commenting at the building, Kacır mentioned the release of the AWS Istanbul Native Zone represents an “important milestone” for Türkiye. “This step supports not only our artificial intelligence strategy but also our goal of positioning Türkiye as a leading digital economy. We expect AWS’s investment to help businesses succeed while generating economic benefits, efficiency gains and competitive advantages for our country,” Kacır famous. AWS Türkiye Normal Supervisor Berrin Özselçuk mentioned with the release of an AWS Native Zone in Istanbul, the corporate is enabling organizations to broaden and run programs without delay in Türkiye. “Local Zones are designed specifically for workloads that require low latency and local data residency, including public services, financial transactions demanding microsecond-level response times, and latency-sensitive live media broadcasts,” Özselçuk mentioned. “Importantly, all of this operates using the same AWS tools and APIs that customers already know and use,” she added. Low latency, native knowledge garage The monetary sector stands a number of the maximum quick beneficiaries of this infrastructure. For brokerage companies and banks engaged in high-frequency buying and selling, microsecond-level latency will also be decisive. Attaining this point of efficiency with out native infrastructure was once in the past tough. For well being care suppliers, compliance is simply as necessary as pace. Necessities that delicate affected person knowledge stay inside nationwide borders have historically necessitated pricey in-house infrastructure. Native Zones shift that burden to the cloud. Media and broadcasting corporations achieve the power to localize are living content material processing. All over site visitors spikes equivalent to primary carrying occasions or election nights, capability will also be scaled in an instant, minimizing latency that will in a different way impact viewer revel in. In retail, the essential second is the checkout procedure. All over height promotional sessions, real-time stock visibility and uninterrupted cost processing without delay save you earnings losses. MigrosOne’s adoption displays this want. For presidency establishments, knowledge sovereignty is each a technical and strategic factor. Citizen knowledge can now stay inside Türkiye with out requiring companies to construct and perform their very own infrastructure. Instructional platforms additionally receive advantages considerably. Sessions equivalent to national examinations and enrollment cycles continuously generate unpredictable surges in call for. The versatility of cloud infrastructure permits establishments to control those spikes extra successfully, without delay bettering the person revel in. Tech, branding turn into future of production in Türkiye Whilst conventional production sectors face mounting demanding situations, Turkish confectionery manufacturer Şölen is demonstrating that sustainable expansion more and more is determined by investments in complex generation and logo development. The corporate’s revel in presentations how returns from sturdy manufacturers can assist finance large-scale automation initiatives, making a self-reinforcing expansion cycle. Meals and confectionery producers equivalent to Şölen are increasing capability and strengthening their place in world markets thru multi-million-euro investments in so-called “dark factories.” The corporate is seeing the result of its generation investments thru upper potency and rising export revenues. With the addition of its newest facility, Şölen has expanded its overall manufacturing footprint in Gaziantep by way of 70%, attaining 172,500 sq. meters, a space identical to 27 soccer fields. But the extra vital success lies within the generation investments supporting those new amenities. Logo funding and generation funding create a mutually reinforcing ecosystem. Computerized warehouses, complex hygiene methods and quality-enhancing applied sciences in the end translate into more potent export efficiency. Turkish corporations that experience effectively established this cycle proceed to spend money on new manufacturing amenities. Earnings doubled in 5 years “Over the past 10 years, we have invested more than $500 million, all of it in Gaziantep. Over 36 years, our total investments have exceeded $1 billion,” mentioned Şölen CEO Erdoğan Çoban. “Today, we export to more than 120 countries across five continents and reach billions of consumers. We are Türkiye’s export leader across all food categories. Through our R&D center, which holds 35 patents, we are designing the future,” Çoban added. With the brand new manufacturing unit, he mentioned their 3 manufacturing amenities now duvet just about 300,000 sq. meters, making them probably the most international’s greatest chocolate manufacturing facilities. “Our goal is to rank among the top 10 companies globally in our sector and reach $1.2 billion in revenue by 2030,” Çoban famous. Şölen CEO Erdoğan Çoban. (Courtesy of Şölen) In step with Çoban, the corporate’s earnings has greater than doubled during the last 5 years, emerging from $300 million to greater than $650 million. “We achieved 40% growth in production volume over the past five years. In 2025, exports reached $360 million following double-digit growth compared with the previous year. This year, supported by our new factory, advanced technology, innovation and R&D-driven production model, agile management structure and proven brands, we will continue investing and maintaining our steady growth trajectory,” he mentioned. “We will continue launching new products. In exports, we expect approximately double-digit dollar-based growth and revenue of $386 million. We remain firmly committed to our goal of joining the world’s top 10 companies in our industry.” Making an investment in ecosystem, now not simply apparatus On the center of this tale lies Şölen’s Trade 4.0-based investments in Gaziantep, which offer a compelling case learn about in business transformation. What makes a chocolate manufacturing unit extra successful than a textile mill or an car portions manufacturer isn’t the cocoa bean itself, however how it’s processed and advertised. Şölen’s technique sits squarely on the heart of producing’s structural transformation. Quite than specializing in hard work prices, the corporate has entrusted manufacturing to completely independent robot traces in a position to working across the clock at constant requirements and with just about 0 waste. Darkish warehouses, the place merchandise are transported by way of independent guided automobiles (AGVs) and robotically saved on large shelving methods, have considerably decreased working prices whilst standardizing high quality. On this context, generation funding isn’t merely a price merchandise; this is a technological protect in opposition to world financial volatility. Energy financing generation But complex generation by myself isn’t sufficient. Even the sector’s maximum subtle manufacturing unit can take a long time to generate an good enough go back on funding if its merchandise are bought only as contract production output. Şölen’s genuine success lies in financing its generation investments throughout the power of its personal manufacturers, together with Biscolata, Ozmo, Luppo and Boombastic. Whilst many makers produce items underneath the labels of overseas manufacturers and perform on skinny margins, Şölen sells its personal manufacturers, packaging and shopper tale. Robust logo fairness differentiates merchandise from competition and gives better pricing energy. This upper value-added type generates the money float wanted to resist financial downturns whilst concurrently growing the capital required for the following wave of robot and automation investments. Türk Telekom expands into darkish factories, 5G-powered business IoT Considered one of Türkiye’s main telecoms and generation corporations, Türk Telekom helps pave the way in which for the following technology of commercial automation thru primary investments in 5G and the Web of Issues (IoT) ecosystem. Via decreasing community latency to milliseconds, the corporate’s 5G infrastructure is bringing absolutely independent “dark factories” nearer to truth. In a brand new business generation formed by way of speedy digitalization, telecommunications infrastructure is now not only a verbal exchange device; it’s changing into the apprehensive gadget of contemporary production amenities. Via strategic investments in 5G networks and IoT applied sciences, Türk Telekom is getting ready Türkiye’s business sector for Trade 4.0 and the imaginative and prescient of absolutely independent factories in a position to working with minimum human intervention. In contrast to typical manufacturing amenities, darkish factories depend fully on sensors, machines and machine-to-machine (M2M) communications, getting rid of the desire for steady human presence and even everlasting lights. Essentially the most essential requirement for such amenities is uninterrupted, ultra-low-latency connectivity. Via its 5G community trials and analysis tasks carried out inside world consortiums equivalent to Clear5G (Dependable 5G MTC), Türk Telekom has succeeded in decreasing knowledge transmission latency to under one millisecond. This capacity permits IoT gadgets and business robots to perform concurrently and with out error, maximizing flexibility and potency throughout manufacturing traces. Independent, faraway operations Türk Telekom is pursuing this imaginative and prescient now not most effective with world generation companions but in addition thru collaboration with Türkiye’s rising startup ecosystem. One of the vital distinguished examples is the rustic’s first home business 5G cellular community mission, carried out within the OSTİM business zone. During the initiative, the corporate helps tool and synthetic intelligence integrations advanced by way of native generation companies, together with i2i Techniques, NaraXR and IQVizyon. Those collaborations are serving to create AI-powered IoT methods and AR/VR-controlled drone applied sciences designed for each small and medium-sized enterprises and massive business organizations. The hassle contributes to the improvement of a home {hardware} and tool ecosystem whilst supporting a more potent knowledge financial system during which business knowledge is processed and retained throughout the nation’s borders. Maximum lately, on the GSMA Cell International Congress in Barcelona, Türk Telekom and Nokia showcased 5G-enabled sensible manufacturing unit programs and the MX Commercial Edge platform at the world degree. Trade 4.0 demonstrations carried out in a are living manufacturing surroundings illustrated how real-time video analytics and IoT sensors can fortify place of business protection, in an instant determine manufacturing defects and autonomously put into effect corrective movements. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Technology **Tags:** accelerate, bets, Big, cloud, investments, tech, Türkiye --- ### [Samsung Electronics Turkey Gifts the Virtual Library](https://turkbusinessnews.com/2026/07/11/samsung-electronics-turkey-gifts-the-virtual-library/) **Published:** July 11, 2026 **Author:** spsingh **Content:** Samsung Electronics Turkey these days introduced the hole of the Samsung Virtual Library, which gives unfastened virtual get admission to to the dear works retained within the archive of the Nationwide Library of Turkey, in addition to recent e-publications. This mission used to be discovered in cooperation with the Nationwide Library with a complete funding of 500,000 USD. With this mission cultural heritage will likely be made freely to be had to the general public, and will likely be handed all the way down to the longer term generations. The hole rite used to be hosted via Turkish Minister of Tradition and Tourism Nabi Avcı and Director of Public Sector & Exterior Affairs and Technique at Samsung Electronics Turkey Dr. Erdem Erkul. Right through the rite, Korean Ambassador to Turkey Yun-soo Cho, President of the Knowledge and Conversation Applied sciences Authority Dr. Ömer Fatih Sayan and Turkish Nationwide Library President Zülfi Toman made speeches to underline the significance of the mission. The Samsung Virtual Library would be the maximum complete cultural public-private sector cooperation mission in its box. Because of the mission, the wealthy archive of the Nationwide Library, which accommodates some 27,000 hand-written works in Ottoman Turkish, Persian and Arabic, stamp collections, movie archives and phonograph information, can now be accessed freely and simply. The mission will additional give researchers unfastened get admission to to world instructional papers. With the renewal of flooring flooring corridor of the Nationwide Library, an area used to be created for “Samsung Digital Library” with a capability of 86 other folks. The corridor has been supplied with Samsung capsules, notebooks, wi-fi printers, video partitions and monitors, making a relaxed and completely supplied surroundings for the relaxation of researchers. Samsung’s first virtual library mission used to be with the distinguished Oxford College Library. Digitalization is essential for Turkey’s 2023 objectives Turkish Nationwide Library President Zülfi Toman underlined the lirary’s venture to give a contribution immediately to Turkish tradition, science, literature and social lifestyles. “We believe that the digital transformation is extremely important and we worked very hard to digitalize the millions of documents found in the National Library, which is considered to be a national archive, a museum and a research center, because we know that only technology-driven projects can become prestigious on national and international platforms.” “To give the Turkish public free and easy access to all of these important documents, we chose to collaborate with Samsung. Through this collaboration, we aim to open the National Library once again as an attraction center, and to increase the number of visitors. We believe that this project will help Turkish culture to be better understood in the world,” mentioned Toman. Tens of millions of works now added to the Samsung Virtual Library Guests to the Samsung Virtual Library, which is situated throughout the Nationwide Library, can get admission to the next works freely: 27,000 volumes of handwritten paintings in Ottoman Turkish, Persian and Arabic, Periodical publications day-to-day from Ottoman technology to the Republic, Periodicals and greater than 2 million newspapers revealed since 1928, Nearly 60,000 Ottoman newspapers, Artwork, French and English publications within the Turkish Fireside Assortment, Karagöz & Hacivat archives, Movie posters, Maps, notes, stamps, Political posters, Greater than 5,000 phonograph information. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Press Release **Tags:** Digital, Electronics, Library, Presents, Samsung, Turkey --- ### [World markets combined amid US-Iran talks, uncertainty over Strait of Hormuz](https://turkbusinessnews.com/2026/07/11/world-markets-combined-amid-us-iran-talks-uncertainty-over-strait-of-hormuz/) **Published:** July 11, 2026 **Author:** spsingh **Content:** World markets are buying and selling combined all over the continued talks between the events to finish the US-Israel-Iran struggle and uncertainties over maritime visitors within the Strait of Hormuz, holding traders wary forward of latest hindrances in diplomatic negotiations. Tehran reportedly is not going to meet with high-level US envoys visiting the area because of an important war of words between the perimeters over a framework to totally reopen the Strait of Hormuz, easing possibility urge for food in international markets. The Fed’s near-certainty of mountain climbing charges this 12 months may be dampening possibility urge for food. Fed Chair Kevin Warsh’s statements shall be the focal point of the markets on Wednesday, however he is anticipated to chorus from offering long run steering. With income season proper across the nook, firms are anticipated to put up robust monetary effects, probably offsetting the promoting force within the markets that geopolitical tensions and issues over price hikes are inflicting. Cleveland Fed president Beth Hammack stated the call for for synthetic intelligence (AI) infrastructure may gas inflation, necessitating price hikes. The USA JOLTS activity openings rose to just about 7.6 million in Might, above estimates, whilst the selection of hires fell 45,000 to just about 5.2 million all over the similar duration. The selection of folks leaving their jobs, together with resignations and layoffs, rose by way of 63,000 to five.1 million. The Convention Board’s Client Self belief index rose to 91.2 in June amid falling oil costs, underneath estimates. In the meantime, AI startup Anthropic stated Washington lifted export controls on its cutting-edge AI fashions, Claude Myth 5 and Mythos 5. The USA 10-12 months Treasury yield rose 10 foundation issues on Tuesday to 4.47% amid price hike expectancies, whilst it is buying and selling flat on Wednesday at 4.47%. The USA Greenback Index is up 0.1% at 101.3 at the similar day. Gold is buying and selling down 0.7% at $3,980 according to ounce on Wednesday, whilst Brent crude oil is buying and selling at $73.2 according to barrel, down 0.3%. Oil markets are priced beneath the idea that provide will step by step go back to customary however the visitors by means of the Strait of Hormuz has but to achieve pre-war ranges, analysts say. The New York Inventory Alternate traded upper on Tuesday amid tech rally. Stocks of US chipmakers Nvidia, AMD, and Intel rose 2.63%, 7.68%, and six.01%, respectively. The Dow Jones rose 0.26%, the S&P 500 0.79%, and the Nasdaq 1.52% on Tuesday. The S&P 500 and the Nasdaq noticed their most powerful quarterly performances since 2020 regardless of the Heart East war, whilst American indexes began Wednesday in damaging. Ecu inventory markets additionally traded definitely on Tuesday because of renewed optimism within the tech sector. Analysts say that with traders in the hunt for to diversify their investments and transferring clear of main US tech corporations, Ecu markets may get advantages very much from this transition. German Bundesbank president Joachim Nagel, talking on the Ecu Central Financial institution (ECB) discussion board held in Portugal, stated the consequences of the power surprise persists and inflation will proceed to stay above goal regardless of efforts to finish the struggle, in line with CNBC. The eurozone’s inflation information is scheduled to be launched on Wednesday. Germany’s import worth index rose 6.8% year-on-year in Might, led by way of emerging power prices. The surge marked the very best building up in 3 and a part years. The United Kingdom’s gross home product (GDP) within the first quarter grew 0.6% on a quarterly foundation, assembly estimates, whilst emerging 0.9% year-on-year, underneath expectancies. This marked the primary time since the second one quarter of 2024 that the United Kingdom economic system grew underneath 1%. Germany’s unemployment price got here in at 6.3% in June, inside estimates. The United Kingdom’s FTSE 100 received 0.12%, Italy’s FTSE MIB 30 1.01%, and Germany’s DAX 40 1.5%, whilst France’s CAC 40 fell 0.55% on Tuesday. Ecu indexes opened Wednesday on a combined pattern. In the meantime, Asian inventory markets traded definitely close to the shut on Wednesday excluding for South Korea. Japan’s production Buying Managers’ Index (PMI) stood at 54.8 in June, whilst China’s production PMI for a similar month got here in at 51.7, in line with information launched on Wednesday. Japan’s second-quarter Tankan All Large Trade CAPEX rose 11.5%, above estimates. The USA greenback/Eastern yen alternate price is buying and selling at 162.8, its lowest previously 40 years. Eastern policymakers are anticipated to intrude within the foreign exchange marketplace. Falling oil costs to pre-war ranges are reaping rewards Japan as an power importer, offering a bonus to its markets, whilst its possible in AI investments and the Financial institution of Japan’s talent to put into effect coverage with out stifling expansion or accelerating inflation give a contribution to the forecasts that its economic system may go back to customary within the medium time period. Analysts say that Japan’s financial admin is fighting inflation through the use of fiscal stimulus and expansion possible. Close to the shut, Japan’s Nikkei 225 received 0.6% and China’s Shanghai Composite Index 1.1%, whilst South Korea’s Kospi Index fell 0.8%. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Business **Tags:** global, Hormuz, markets, mixed, Strait, talks, uncertainty, USIran --- ### [NATO emerges more potent and extra united after Ankara summit, says UK premier](https://turkbusinessnews.com/2026/07/11/nato-emerges-more-potent-and-extra-united-after-ankara-summit-says-uk-premier/) **Published:** July 11, 2026 **Author:** spsingh **Content:** British High Minister Keir Starmer on Wednesday stated NATO is “stronger and more united” after leaders concluded their summit in Ankara, regardless of issues that US President Donald Trump’s complaint of the alliance and disputes over protection spending may overshadow the assembly. “We’ve achieved what we wanted to achieve, which is unity,” Starmer instructed journalists in Ankara, announcing NATO had completed its primary goal of keeping up team spirit. Trump, who had previous threatened to lift his issues over problems together with Greenland and Iran all through the summit, praised the alliance’s “spirit” after the talks. His feedback got here after repeated complaint of NATO participants for no longer spending sufficient on protection. A central factor on the summit used to be the alliance’s goal for participants to extend protection spending to five% of GDP. NATO Secretary Basic Mark Rutte referred to as on allies to provide “credible” plans for achieving the function. Trump has again and again argued that Ecu international locations will have to give a contribution extra financially to NATO, whilst Ecu leaders have sought to handle a united place on safety cooperation amid rising international tensions. Starmer stated his courting with Trump had remained useful regardless of public disagreements between the 2 leaders. “We’ve always got on as two individuals. That is important because it really matters in politics to have a relationship that is a working relationship,” he stated. He stated the connection between the United Kingdom and US remained crucial for cover, safety and intelligence cooperation. “I’m really mindful of the fact that the strategic alliance between the UK and the US is hugely important in defense, in relation to our defense, our security and our intelligence, where we work together 24/7,” Starmer stated. He added that keeping up shut ties with Washington used to be necessary for Britain’s wider function in NATO. “Therefore, I do think it’s important for the British prime minister to have a good relationship with the president of the United States,” he stated. “I’m glad that that’s what I’ve been able to achieve. That has been what I set out to do. I think it’s really important for my country, and that’s what always comes first.” Requested whether or not Trump had needed him neatly prior to his departure from Downing Boulevard, Starmer stated: “Yes, he did, and we’re going to stay in touch.” The summit got here as tensions persisted over the warfare between america and Iran, with Starmer calling for a go back to a ceasefire after what he described as a “challenging” two days. He warned that persisted instability may impact UK family expenses and stated allies wanted to concentrate on “playing our part” in reopening the Strait of Hormuz and securing a deal. Trump has threatened additional moves towards Iran, describing Tehran’s management as “scum” and “dishonorable.” Requested in regards to the state of an preliminary ceasefire settlement, Trump stated: “I think it’s over. I don’t want to deal with them anymore.” ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** National **Tags:** Ankara, emerges, NATO, premier, stronger, summit, united --- ### [Saudi crown prince, US president speak about Iran talks](https://turkbusinessnews.com/2026/07/11/saudi-crown-prince-us-president-speak-about-iran-talks/) **Published:** July 11, 2026 **Author:** spsingh **Content:** Saudi Crown Prince Mohammed bin Salman held a choice Friday with US President Donald Trump, all through which they mentioned regional traits, together with talks between Washington and Tehran, consistent with the Saudi Press Company (SPA). The SPA reported that the decision lined “relations of cooperation between the Kingdom and the United States of America and ways to support them in several fields.” The 2 aspects additionally “discussed a number of regional and international issues and exchanged views on them,” it mentioned. The decision integrated a assessment of “current developments in the region, including the talks between the US and Iran.” “Emphasis was placed on the importance of the security of navigation and maritime passages, and support for everything that contributes to achieving security and stability in the region,” it added. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** International **Tags:** crown, discuss, Iran, President, prince, Saudi, talks --- ### [Turkey promotes ‘Middle Corridor’ as Strait of Hormuz selection](https://turkbusinessnews.com/2026/07/11/turkey-promotes-middle-corridor-as-strait-of-hormuz-selection/) **Published:** July 11, 2026 **Author:** spsingh **Content:** Turkey’s Alican border crossing into Armenia lies on the finish of a calm spur highway. Shepherds generally tend their flocks within the surrounding fields, and the occasional tractor kicks up mud that hangs within the air. Even the army bunkers scattered around the panorama appear part asleep within the solar. But Turkey hopes this tranquil cul-de-sac may quickly transform a part of an international business junction. Previous this 12 months, officers started putting in the techniques had to procedure passports on the border, closed for 32 years — a transfer that might release a a very powerful business direction linking Asia to Europe. The undertaking, subsidized by means of the United States president as a part of peace plans for Armenia and Azerbaijan, even has a grandiose title: the “Trump Route for International Peace and Prosperity” (TRIPP). The geopolitical stakes are huge. The eventual reopening of the Armenian border paperwork a part of Ankara’s efforts to put Turkey as a protected business hub for items and effort flows rerouted clear of geopolitical chokepoint — above the entire war-threatened Strait of Hormuz. “We don’t know when the border will open, the date keeps changing,” stated one Turkish border guard all through a contemporary talk over with. “But everyone thinks it will be soon.” Since Tehran first mooted final the strait closing June, Ankara has intensified efforts to marketplace Turkey as a solid selection business hall. That pitch has intensified as battle and sanctions have disrupted conventional routes thru Russia, Iran, the Crimson Sea and the Gulf. “Turkey stands out as an island of stability and a safe haven,” President Recep Tayyip Erdoğan stated closing week. “Discussions have begun on safer alternatives for energy transmission lines,” he added. “We wholeheartedly believe that this global crisis will open new doors for our country.” Some content material may no longer load. Take a look at your web connection or browser settings. The imaginative and prescient is compelling, although it faces monumental hindrances that many be expecting will thwart Turkey’s grand ambitions. Nato member Turkey has have shyed away from direct involvement in each the Ukraine battle and newest Gulf battle. Its territory has already transform a de facto transit zone: closing month, business flights between Europe and Asia have been funnelled over Turkey as airspace to the north and south narrowed. “Europe-Asia trade is about $3tn a year, and 90 per cent goes by sea,” stated Binali Yıldırım, a former top minister concerned about selling Turkish business routes. “The shortest \[marine\] journey takes about 40 days.” Against this, the Center Hall — the overland direction that hyperlinks China to Europe by means of the Caucasus and Turkey, and which Ankara is selling — “can take 12 to 15 days”, he stated. Present business flows are small however “there is great potential”. Eu officers seem willing. EU commissioner Marta Kos this 12 months described Turkey as “a critical partner”, calling its proposed growth of the Center Hall a “game changer”. “Developing alternative routes has become a necessity,” Turkey’s delivery minister Abdulkadir Uraloğlu stated in February, days ahead of the United States and Israel introduced huge air moves towards Iran. ![Hakan Fidan and Marta Kos shake hands during an official meeting, standing between the EU and Turkish flags.](https://images.ft.com/v3/image/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F2fdd0695-20e5-4e07-be26-6437a7fc4a8e.jpg?source=next-article&fit=scale-down&quality=highest&width=700&dpr=1)EU commissioner Marta Kos and Turkish international affairs minister Hakan Fidan © Hans Lucas/Reuters Attach Two initiatives lie on the centre of Ankara’s imaginative and prescient. The primary is the Construction Street, a highway and rail community that hyperlinks the Gulf to Europe by means of Turkey, bypassing maritime chokepoints such because the Strait of Hormuz and Suez Canal. However it’s nonetheless within the strategy planning stage, calls for billions of bucks in funding, and passes thru risky Iraq. “It would be easier to go through Saudi Arabia, Jordan and Syria,” stated one regional delivery economist. “Maybe in a decade it could happen.” The second one undertaking, a diffusion of the Center Hall, holds extra promise. Its centrepiece is the TRIPP — a US-sponsored highway and rail hyperlink between Turkey and Azerbaijan that passes thru Armenia, including wanted capability to an current direction thru Georgia. Unveiled to nice fanfare on the White Area in February, along a initial peace settlement between Armenia and Azerbaijan, the TRIPP is in part designed to lend a hand finish their four-decade battle. Turkey has signalled it could reopen its border as soon as a last peace deal is reached, permitting paintings at the TRIPP to start. “A great honour for me,” Donald Trump stated on the time. ![Nikol Pashinyan and James D. Vance speak in front of a banner for the Trump Route for International Peace and Prosperity, with others observing.](https://images.ft.com/v3/image/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F956752fe-7475-458f-b4f2-a8ae9676ac0f.jpg?source=next-article&fit=scale-down&quality=highest&width=700&dpr=1)The TRIPP undertaking, unveiled on the White Area in February, is in part designed to lend a hand finish the battle between Armenia and Azerbaijan © Top minister of The Republic of Armenia Turkish building firms comparable to Kalyon, that are on the subject of Ankara and feature constructed flagship state initiatives comparable to Istanbul’s new airport, have began paintings at the Azerbaijan facet, in step with Azerbaijani officers, in addition to railway extensions in Turkey. If finished, Center Hall business volumes, which tripled between 2021 and 2025, may upward push from 5mn tonnes a 12 months to 20mn, in step with Yildrim. However there are more than one complexities. The direction depends upon sluggish ferry crossings around the Caspian Sea, asymmetric rail infrastructure with other gauges, and complicated customs procedures throughout more than one borders. That makes it some distance slower than the northern hall, which joins China to Europe by means of an instantaneous rail hyperlink thru Russia, and already carries 40mn tonnes of freight a 12 months. The Center Hall is a direction “that everyone needs, but few choose to use”, as JPMorgan, an funding financial institution, described it in a contemporary record. The TRIPP additionally skirts Iran, making it at risk of assault. Russia, which has historically ruled the Caucasus, could also be alarmed. Previous this month President Vladimir Putin warned Armenia it could curb Russian gasoline provides to the rustic if it persisted to reorientate its business flows in opposition to Europe. “The problem with the TRIPP is that it forms one of several transport options,” stated one logistics government who consulted at the undertaking. “It only became possible because Russia was distracted by the war in Ukraine. The route is close to Iran — which is another risk. It also hinges on US funding and political support to happen.” Turkey’s geography — which “condemns the country to geopolitical significance”, as one western diplomat put it — all however guarantees its function as a logistics hub linking Europe, Asia and the Center East. Greater than 3.5mn barrels of oil already transit the Bosphorus each day, and a 1,700km pipeline from Baku to the Turkish port of Ceyhan at the Mediterranean already carries as much as 1.2mn barrels of oil an afternoon. After Iran closed the Strait of Hormuz, Iraq and Kurdistan agreed to reopen the Kirkuk-Ceyhan pipeline wearing 250,000 b/d. The TRIPP may even reawaken the dormant Trans-Caspian pipeline undertaking, wearing 1tn cubic toes of gasoline to Europe from central Asia thru Turkey. However business officers and economists warning that the speculation of cross-Turkey land routes offering another any time quickly to maritime chokepoints within the Gulf — and even to the established northern hall thru Russia — is a pipe dream. As for the TRIPP, its long run relies as a lot on politics as engineering. The closing time the United States president lent his title to a undertaking within the Caucasus — the Trump Tower Baku — it got here unstuck amid allegations of corruption and hyperlinks to Iran’s Progressive Guards — and not opened. Cartography by means of Jana Tauschinski ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Finance **Tags:** alternative, Corridor, Hormuz, Middle, promotes, Strait, Turkey --- ### [HIKSEMI Garage Answers Tech Summit Effectively Concludes in Turkey](https://turkbusinessnews.com/2026/07/11/hiksemi-garage-answers-tech-summit-effectively-concludes-in-turkey/) **Published:** July 11, 2026 **Author:** spsingh **Content:** ![This image opens in the lightbox]() The summit featured in-depth shows via 3 HIKSEMI mavens. HIKSEMI’s In another country Senior Answers Supervisor Daryll Chen, North Africa & Turkey Senior Regional Gross sales Supervisor Layla Liang, and Turkey Nation Supervisor Koray shared insights on product inventions and marketplace methods. They elaborated at the corporate’s newest technological breakthroughs and adapted answers for the Turkish marketplace. A devoted product exhibition allowed attendees to revel in HIKSEMI’s flagship choices firsthand. A good portion of the development considering industrial-grade garage inventions. The D300 Sequence SSD, venerated with the 2025 International Flash Reminiscence Summit Gold Award, used to be showcased for its excessive functionality of 538 MB/s learn and 509 MB/s write speeds, together with enterprise-grade knowledge coverage options. Within the automobile phase, HIKSEMI highlighted its eMMC, reminiscence playing cards, and SSDs operating in combination to strengthen complicated motive force help, infotainment, and surveillance recording packages. Amongst those, the automobile eMMC is AEC-Q100 Grade2 qualified and operates reliably from -40°C to 105°C. For business packages, the V310 Sequence SSD and powerful DDR modules have been highlighted for his or her talent to accomplish beneath strenuous stipulations similar to consistent vibration, large thermal diversifications, and prolonged operational lifestyles. At the client entrance, HIKSEMI demonstrated its FUTURE sequence, together with the PCIe 5.0 SSD with switch speeds as much as 14,800 MB/s, which doubles the speeds of the former technology, and visually putting RGB DDR5 reminiscence adapted for gaming fans. The CAPTURE sequence of reminiscence playing cards, to be had in TF, SD, and CFexpress Kind A/B codecs, addressed the desires of photographers. The NAS R1 introduced as much as 100TB of clever touchscreen garage for house and small industry backup. Pushed via the AI increase, skyrocketing knowledge has made high-performance garage a basic pillar of computing infrastructure. Leveraging native presence in Turkey, HIKSEMI rolls out answers for venture computing and client garage. Transferring ahead, HIKSEMI will additional strengthen native virtual transformation and amplify our footprint around the Center East. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Technology **Tags:** Concludes, HIKSEMI, solutions, Storage, successfully, summit, tech, Turkey --- ### [Press observation following Russian-Turkish talks](https://turkbusinessnews.com/2026/07/11/press-observation-following-russian-turkish-talks/) **Published:** July 11, 2026 **Author:** spsingh **Content:** President of Russia Vladimir Putin: Just right afternoon, colleagues, Mr President, girls and gents. The President and I have simply had very substantive and positive talks. That is our fourth assembly this 12 months. As , handiest ten days in the past we each took section in a Russian-Turkish-Iranian summit in Tehran on the Syrian agreement procedure. Whilst discussing present problems with Russian-Turkish cooperation, we famous the important enlargement in bilateral industry, which was once up 34 p.c right through the first seven months of this 12 months, to exceed $15 billion, and 40 p.c remaining 12 months, when it reached $22 billion. That is in some ways the consequence of imposing the agreements reached right through the 7th Top-Degree Russian-Turkish Cooperation Council as neatly as the constant paintings of the Intergovernmental Fee and related ministries and businesses. As , Russia fulfilled its Turkish companions’ requests and lifted import restrictions on a collection of Turkish agricultural merchandise. We, in flip, be expecting that beneficial prerequisites will probably be created to advertise Russian merchandise on the Turkish marketplace. Ceaselessly expanding the proportion of bilateral settlements the usage of nationwide currencies must additionally foster industry. Mr Erdogan Erdogan Recep TayyipPresident of Türkiye and I consider that this could assist minimise the unfavourable affect of the exterior marketplace state of affairs. We can proceed to advertise a quantity of joint strategic initiatives, in power amongst different spaces. I am relating to the Akkuyu Nuclear Energy Plant and the development of the Turkish Circulation pipeline, which is able to change into a massively essential part in the power safety of Turkey and, I hope, of all of Europe. We additionally touched on the arrangements for the cross-years of tradition and tourism in 2019 right through our broader dialogue of such issues. Final 12 months a document collection of Russians visited Turkey: 4.7 million. Russians rank first amongst foreigners visiting Turkey. In the first six months of this 12 months, the collection of Russian vacationers grew by means of any other 40 plus p.c. We can proceed to cooperate carefully with our Turkish companions to supply as at ease and secure prerequisites as imaginable for Russians on vacation in Turkey. Colleagues, We without a doubt faithful a truthful quantity of consideration to attaining a agreement in Syria. Russia and Turkey are operating carefully to unravel the disaster in that nation. We’re operating to bolster the ceasefire and toughen the humanitarian state of affairs. We centered, in explicit, on the present state of affairs in Idlid province, taking into consideration the presence there of huge devices of militants and their infrastructure. In the process nowadays’s talks, nowadays’s consultations, we controlled to arrive at important answers, to make growth in fixing this vital drawback and to arrive at coordinated answers. Let me recall that the considerations of the Russian facet – and we had been one in every of the international locations that arrange that de-escalation zone – our considerations nowadays need to do with the risk posed by means of the militants concentrated there each to the province of Aleppo, the town of Aleppo, and our army amenities on Syrian territory: Tartus and Khmeimim. We reviewed the state of affairs in element and determined to identify by means of October 15 a demilitartised space 15–20 km deep alongside the touch line between the armed opposition and executive troops, with radical militants to be withdrawn from the space, together with al-Nusra. Additionally by means of October 10, in keeping with the Turkish President’s proposal, to safe the withdrawal of heavy army apparatus, tanks, more than one rocket launchers, cannon and mortars of all opposition teams. Turkish cell patrol teams and Russian army police devices will habits the tracking of the demilitarised zone. Additionally to repair transit alongside the Aleppo-Latakia and Aleppo-Hama routes ahead of the finish of 2018, additionally at the advice of the Turkish facet. Russia and Turkey have reaffirmed their dedication to struggle terrorism in Syria in all its paperwork and guises. It’s our not unusual opinion that sensible efforts to satisfy the deliberate steps will give an added spice up to the political agreement procedure in Syria, step up paintings on the Geneva platform and give a contribution to the go back of peace to Syrian soil. This method is usually supported by means of the management of the Syrian Arab Republic. We can quickly cling further consultations with the Syrian executive. It is crucial that each Russia and Turkey intend to proceed to totally utilise the Astana structure and the alternative to in finding long-term political answers in Geneva underneath the auspices of the United Countries. We can proceed operating to shape a constitutional committee from amongst representatives of the Syrian executive, opposition forces and civil society. The function is for it to start paintings as quickly as imaginable. I wish to thanks, Mr President, and all our Turkish colleagues for the intense however positive and a hit paintings we did in combination nowadays. Thanks for your consideration. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Press Release **Tags:** Press, RussianTurkish, statement, talks --- ### [Ziraat Participation Financial institution sees alternatives for Turkish buyers in post-war Sudan](https://turkbusinessnews.com/2026/07/11/ziraat-participation-financial-institution-sees-alternatives-for-turkish-buyers-in-post-war-sudan/) **Published:** July 11, 2026 **Author:** spsingh **Content:** Ziraat Participation Financial institution Sudan’s deputy CEO mentioned Turkish buyers have important alternatives in Sudan as the rustic’s reconstruction procedure hurries up, noting that the financial institution is these days the one world financial institution running there. Bilge Kaan Dogan, who additionally serves as Port Sudan department supervisor, informed Anadolu the financial institution resumed services and products by means of reopening its Port Sudan department after the battle and is making ready to reopen its headquarters and major department in Khartoum. “We are the only international bank operating in post-war Sudan. There are important opportunities for Turkish investors in a country where the reconstruction process is gaining momentum,” he mentioned. Dogan mentioned the financial institution supplies a extensive vary of services and products, together with international business financing, letters of credit score, ensure letters, cash transfers and funding merchandise. He added that its cell banking platform is within the trying out segment and can quickly be to be had to consumers. He mentioned international business will likely be key to reviving Sudan’s financial system and that the financial institution additionally helps Turkish buyers with marketplace analysis, import and export procedures, and get admission to to native consumers and dealers. “Businesspeople can reach us through our branches in Türkiye. We provide support on buyers, sellers, imports, and exports to the best of our ability,” he mentioned. Dogan mentioned the financial institution’s intensive correspondent community lets in transactions in US greenbacks and euros, in addition to different currencies together with Emirati dirhams, Chinese language yuan and Turkish liras, offering benefits for firms engaged in business. He mentioned bettering safety prerequisites and the go back of other folks to many spaces, in particular the capital Khartoum, have begun to restore financial process. “Great opportunities await Turkish companies in the reconstruction process,” he mentioned, pointing to call for in building, infrastructure, power and solar energy programs, in addition to business apparatus and day-to-day client items. Dogan added that regardless of prime inflation and the depreciation of the native forex, the financial institution provides aggressive alternate charges and speedy get admission to to world markets thru its world community. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Business **Tags:** Bank, investors, opportunities, Participation, postwar, sees, Sudan, Turkish, Ziraat --- ### [Turkish President Erdoğan receives EU leaders throughout NATO summit in Ankara](https://turkbusinessnews.com/2026/07/11/turkish-president-erdogan-receives-eu-leaders-throughout-nato-summit-in-ankara/) **Published:** July 11, 2026 **Author:** spsingh **Content:** Turkish President Recep Tayyip Erdoğan on Wednesday inspired reviving Türkiye’s Ecu Union club procedure throughout a gathering with most sensible EU officers at the margins of a NATO summit in Ankara, consistent with Türkiye’s Communications Directorate. President Erdoğan won Ecu Council President Antonio Costa and Ecu Fee President Ursula von der Leyen, who have been in Ankara for the NATO Leaders Summit, the directorate stated on Turkish social media platform NSosyal. The assembly addressed Türkiye-EU family members in addition to regional and world problems, it added. Erdoğan stated Ankara welcomes expanding contacts in any respect ranges and expects its EU club procedure to be revitalized, together with throughout the activation of related mechanisms and the release of essential conferences. He famous that Türkiye has been an EU candidate nation for years and is a part of the Customs Union, announcing steps taken throughout the years have made Türkiye a big manufacturing hub in Europe. The built-in construction of the Turkish and Ecu economies strengthens Europe’s competitiveness globally, stated Erdoğan, including that Türkiye naturally expects to be incorporated in EU rules deliberate on business and funding. Erdoğan additionally stated Türkiye has taken projects to give a contribution to Europe’s safety and expects steps in keeping with the legislation of alliance inside of NATO. The assembly additionally coated Türkiye’s diplomatic efforts to lend a hand finish the Russia-Ukraine warfare, the US-Iran warfare, and Israel’s assaults within the area, in particular within the Gaza Strip and Lebanon, in addition to the newest tendencies, stated the directorate. Previous, Erdoğan hosted Costa and von der Leyen at a operating dinner as a part of his diplomatic engagements throughout the summit held on the presidential advanced. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** National **Tags:** Ankara, Erdoğan, leaders, NATO, President, receives, summit, Turkish --- ### [Trump sparks US midterm fears with election frame firings](https://turkbusinessnews.com/2026/07/11/trump-sparks-us-midterm-fears-with-election-frame-firings/) **Published:** July 11, 2026 **Author:** spsingh **Content:** US President Donald Trump stood accused Friday of looking to grasp keep an eye on of November’s a very powerful midterm elections after he fired the closing two Democrats on a federal company that oversees honest polls. Trump’s brazen removing of the officers from the bipartisan Election Help Fee comes as he pushes for vote casting restrictions forward of the midterms, by which Republicans may just lose their grip on Congress. The remainder Republican-chosen commissioner at the four-person panel resigned Thursday, after every other resigned in April. The White Space defended Trump’s transfer, announcing a Ideally suited Court docket ruling closing month gave the 80-year-old president expanded powers to fireside contributors of impartial govt companies. “The President, and head of the Executive Branch, reserves the right to remove individuals that may not be totally aligned with the important task of securing America’s elections and ensuring every legal vote is counted,” a White Space legitimate stated in a commentary to AFP. The legitimate added that the Trump management used to be “working across all agencies and local partners to safeguard elections from fraud and abuse” ahead of November. Most sensible Democrats vowed to struggle what Senate Minority Chief Chuck Schumer referred to as Trump’s “power grab” over the election fee, which certifies vote casting apparatus whilst administering loads of tens of millions of bucks in federal improve for elections. “Firing every remaining member of the bipartisan Election Assistance Commission months before the midterms is a brazen attempt to seize control of our elections before a single vote is cast,” Schumer stated on X. US Senator Mark Warner of Virginia stated it used to be an “extraordinary step that demands an immediate explanation from the administration.” Trump has stepped up baseless claims of election fraud, echoing his false claims that fraud contributed to his 2020 election loss to Joe Biden. However Republicans concern Trump’s near-record unpopularity, and the top price of dwelling sparked through his Iran warfare, may just price them keep an eye on of the Space of Representatives in November. Trump had in the past clashed with the fee over an government order directing the company so as to add a demand for evidence of citizenship to voter registration paperwork, a requirement that used to be in large part blocked in courtroom, CNN reported. To approve any movements, the fee calls for settlement from 3 of the 4 commissioners, however it will take months to fill the vacancies, USA Nowadays reported. Trump’s gutting of the fee comes as he presentations mounting frustration over Congress’s refusal to move a package deal of clean vote casting restrictions. His so-called SAVE The united states Act will require evidence of citizenship to sign in to vote and picture identity at polling puts, whilst implementing new limits on mail-in ballots. Trump stated Friday he would refuse to signal a landmark housing invoice in protest, despite the fact that the bipartisan measure — which objectives to take on the price of dwelling — is about to turn into legislation routinely on Saturday if he fails to signal or veto it. Whilst Republicans may just lose the Space in November, dropping the Senate seems much less most likely, particularly after the implosion of Democratic candidate Graham Platner’s marketing campaign in a key race in Maine. Platner, a Marine veteran whose blunt anti-establishment message extremely joyful the revolutionary grassroots, hand over the race after a rape allegation he denies. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** International **Tags:** body, election, fears, firings, midterm, sparks, Trump --- ### [Turkish finance minister flags Iran warfare industry fears](https://turkbusinessnews.com/2026/07/11/turkish-finance-minister-flags-iran-warfare-industry-fears/) **Published:** July 11, 2026 **Author:** spsingh **Content:** Şimşek warns of temporary drive February industry deficit building up Promise to give a boost to exporters Turkey’s finance minister has warned worse is to return after the rustic’s international industry deficit blew out in February, with Mehmet Şimşek announcing the fallout from the warfare within the Gulf will put Turkish exporters within the firing line. Whilst speaking up February’s industry figures, which confirmed close to record-high export numbers, treasury and finance minister Şimşek additionally famous a some distance upper building up in imports, which took the month’s industry deficit to $9.2 billion. He added that the space used to be prone to widen within the rapid long run because of the disaster within the Gulf. “Conflicts in our region are expected to put short-term pressure on the foreign trade balance through oil prices and transportation costs,” Şimşek stated on his social media account, whilst promising to, “support our exporters in every area, especially in access to finance”. The minister’s feedback got here simply after Turkey’s Ministry of Industry issued the import-export knowledge for February, which confirmed a pointy building up within the industry deficit. Mehmet Şimşek stated the fallout from the warfare within the Gulf will put Turkish exporters within the firing line Whilst February exports larger 1.6 p.c to return in at $21.06 billion – simply in need of the most efficient outcome on listing for the second one month of the yr – imports ballooned to $30.3 billion, with the 6.1 p.c upward thrust in imports generating the widening industry deficit. Regardless of the sturdy February, exports over the primary two months of the yr dipped, with the January and February blended overall being $41.4 billion, down greater than $500 million at the identical length in 2025. On best of this the industry deficit for the hole months of the yr climbed to $17.5 billion. This places Turkey smartly on the right track to eclipse final yr’s industry shortfall of $92 billion, even sooner than the consequences of the battle within the Gulf are felt. Native exporters might be closely impacted by means of the warfare, in keeping with Ahmet Fikret Kileci, vice chairman of the Turkish Exporters Meeting. “Of course, exports will sustain losses because of the current situation, this is inevitable,” he stated. “Turkish exports were already facing problems due to shrinking markets, losing our competitive edge due to low foreign currency exchange rates and high borrowing costs.” Additional studying: Particularly, the ones exporters buying and selling with the Gulf states – one of the vital few areas that have been posting forged enlargement – might be exhausting hit, Kileci stated, with the UAE and Saudi Arabia some of the best 20 consumers of Turkish items and services and products. On the other hand Kileci stated there used to be a silver lining within the clouds of warfare placing over the Gulf, in that Turkey had lengthy revel in with buying and selling with battle zones. “We have developed some immunity towards chaos and while we are not able to change the conditions, we have learnt to adapt to them quickly, finding ways to continue to trade and minimise losses.” ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Finance **Tags:** fears, Finance, flags, Iran, minister, trade, Turkish, war --- ### [Black Sea safety hinges on Türkiye-Romania tech partnership](https://turkbusinessnews.com/2026/07/11/black-sea-safety-hinges-on-turkiye-romania-tech-partnership/) **Published:** July 11, 2026 **Author:** spsingh **Content:** The NATO summit in Ankara in July has the prospective to respire new existence into the Turkish-Romanian strategic partnership at a time when the Black Sea area is marked through strategic competition and geopolitical turbulence, given the wars in Ukraine and Iran, in addition to the withdrawal of American troops from the Mihail Kogalniceanu air base in Constanta. Past the necessary safety and financial dimensions, President Recep Tayyip Erdoğan and Romanian President Nicusor Dan must take hold of the potential of the summit and prepare a bilateral assembly that will additionally cope with the technological size of the strategic partnership, which is related each from an army standpoint and from the viewpoint of the economic system of the long run. Momentum in bilateral members of the family The 2 international locations had prior to now upgraded their ties to a strategic partnership in 2011, however since Russia’s full-scale invasion of Ukraine in February 2022, Türkiye and Romania have considerably increased their bilateral members of the family, spotting that the safety of the Black Sea area hinges on nearer coordination between its two greatest NATO littoral states. Deepening of this partnership has proven itself throughout more than one fronts with joint efforts with Bulgaria to demine the Black Sea, enhanced protection business cooperation, maximum significantly Romania’s landmark December 2025 acquisition of the Hisar-class gentle corvette TCG Akhisar for 223 million euros ($257.65 million), the primary Turkish-built warship ever exported to a NATO and EU member state, and rising bilateral business that has positioned Türkiye amongst Romania’s most sensible industrial companions. Other people-to-people ties have additionally been reinforced, with Romanian electorate now in a position to trip to Türkiye with simply their nationwide ID playing cards since June 2024, a welcome step that displays the wider warming of members of the family. But regardless of this certain momentum, the technological size of the partnership stays strikingly underdeveloped. Cooperation in spaces similar to synthetic intelligence (AI), cybersecurity, drone generation, area cooperation and dual-use innovation has but to compare the ambition displayed within the safety and financial spheres. This hole is an increasing number of tough to justify at a second when generation is changing into inseparable from nationwide safety. The Black Sea Shore-Podisor Gasoline Pipeline Mission is being applied, making sure the power safety of Romania and the area, Calarasi, Romania, April 26, 2024. (Shutterstock Photograph) That specialize in Black Sea protection To know what the partnership can change into, Ankara and Bucharest will have to see every different’s development and doctrinal ambitions. Ankara, surrounded through instability, has been proactively shaping more than one regional orders from the Black Sea to the Levant. A extra built-in partnership with Romania within the Black Sea may allow Türkiye to achieve better strategic flexibility within the Mediterranean and the Levant. On this equation, Bucharest is a long way from a peripheral spouse. As an EU and NATO member, Romania is enjoying an an increasing number of necessary position in Ankara’s proactive international relations and strategic projects. Due to this fact, Türkiye and Romania must glance past the maritime area and discover alternatives to amplify their cooperation into technological fields. Some other essential space for cooperation is the security of undersea cables. The vulnerability of the undersea cables has been laid naked through the string of Baltic Sea incidents since 2022, from the Nord Circulation pipeline explosions to the severing of the Estlink-2 energy cable through the Russia-linked tanker Eagle S in December 2024. Now, those dangers are migrating south as NATO officers have publicly warned that Russia has mapped essential undersea infrastructure within the Black Sea. By contrast backdrop, the deliberate 1,100-kilometer (685-mile) Romania-Georgia submarine energy and knowledge cable, a cornerstone of the EU’s International Gateway option to cut back dependence on Russian power, will run inside of hanging distance of Russian naval property as soon as operational. Each Türkiye and Romania must be offering additional high-level political toughen for a coordinated effort to offer protection to undersea cables. Deepening generation ties Cybersecurity represents any other promising frontier for raising the Turkish-Romanian strategic partnership past its conventional domain names. Romania has lengthy harbored ambitions to place itself as a regional cyber hub, as house to the EU’s Cybersecurity Competence Heart in Bucharest and a rising ecosystem of cyber companies and skill. Türkiye, then again, brings really extensive offensive and defensive cyber functions advanced thru years of running in a contested virtual atmosphere. The 2 international locations must transfer past declaratory cooperation towards concrete joint projects, such because the systematic sharing of cyber risk intelligence, in particular on state and non-state actors concentrated on Black Sea infrastructure and common joint workouts that stress-test the resilience of each countries’ essential programs. Taking a look additional forward, Ankara and Bucharest may additionally discover how rising AI equipment may also be harnessed to robotically stumble on and patch cyber vulnerabilities at device pace, a box the place each countries have a chance to form requirements reasonably than simply eat generation advanced somewhere else. Such cooperation would now not handiest harden the Black Sea’s cyber perimeter but additionally sign that Romania and Türkiye intend to be manufacturers, now not simply shoppers, of the safety structure their area will want. Safety from area House is any other necessary area to improve Turkish-Romanian cooperation. Türkiye has closely invested within the area area within the remaining decade to be an area energy now not simply domestically, but additionally globally. With the founding of the Turkish House Company in 2018 and the established order of the 10-12 months House Program, Türkiye displays its strategic ambitions. The rustic effectively introduced RASAT and Göktürk-2 satellites in 2011 and 2012, and IMECE, an Earth statement satellite tv for pc with indigenously produced sub-meter solution, in 2023. Romania introduced its EMISAR satellite tv for pc in March 2026, growing an road for cooperation and partnerships for long term satellite tv for pc launches. Moreover, Türkiye’s web hosting of the 77th NATO Summit in July and the 77th World Astronautical Congress in October highlights Türkiye’s central position in collective protection and lengthening area energy. Türkiye and Romania must search to ascertain a bilateral running team on area situational consciousness, satellite-based intelligence, surveillance, and reconnaissance (ISR) and Earth statement functions that will support Black Sea maritime area consciousness. This is able to hyperlink the gap companies of Türkiye and Romania, in addition to support the linkages between the aerospace sectors of each international locations and interoperability. The 2 allies are already cooperating underneath NATO infrastructure, and bilateral cooperation would now not handiest convey army worth but additionally be politically achievable. As Romania seeks to cut back its dedication to positive Ecu House Company (ESA) systems and refocus its space-related investments, a bilateral partnership with Türkiye may provide an road for growing domestically related functions. Black Sea flank of NATO Romania and Türkiye have already demonstrated that they now not handiest adapt to converting regional dynamics but additionally form the results. The 2 international locations have already got sturdy ties, however cooperation in new domain names stays a very powerful step. The NATO summit in Ankara items a well timed alternative to institutionalize additional cooperation that can receive advantages Türkiye and Romania’s ambitions one at a time, and in unison. Through making an investment of their technological partnership these days, Ankara and Bucharest can assist form the way forward for Black Sea safety. ![](https://i.hizliresim.com/JN9LXf.png) The Day-to-day Sabah E-newsletter Stay up-to-the-minute with what’s taking place in Turkey, it’s area and the arena. SIGN ME UP You’ll be able to unsubscribe at any time. Through signing up you might be agreeing to our Phrases of Use and Privateness Coverage. This website online is secure through reCAPTCHA and the Google Privateness Coverage and Phrases of Carrier observe. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Technology **Tags:** Black, hinges, partnership, Sea, security, tech, TürkiyeRomania --- ### [Press remark and solutions to reporters’ questions following assembly of presidents of Russia, Iran and Turkey](https://turkbusinessnews.com/2026/07/11/press-remark-and-solutions-to-reporters-questions-following-assembly-of-presidents-of-russia-iran-and-turkey/) **Published:** July 11, 2026 **Author:** spsingh **Content:** President of Russia Vladimir Putin: Colleagues, pals, Mr Rouhani Rouhani Hassan , Mr Erdogan ![Erdogan Recep Tayyip](http://static.kremlin.ru/media/events/persons/small/VFsuylOpDgw.jpeg) Erdogan Recep TayyipPresident of Türkiye , girls and gents, Simply now President of Iran Hassan Rouhani, President of Turkey Recep Erdogan and I have concluded very substantive talks on Syria. They had been held in a positive and business-like setting. Let me observe that our trilateral summits have turn into a common incidence. Lately we now have held the fourth. Such shut coordination lets in us to successfully organise efforts aimed toward long-term normalisation in the Syrian Arab Republic. In conjunction with our companions, we recognized the key spaces of additional cooperation in the Syrian agreement procedure. The agreements we now have reached are mirrored in the ultimate joint remark. It’s crucial that our 3 nations intend to make stronger cooperation as a part of the Astana procedure that has confirmed its price. We will be able to proceed to step up our efforts in combating terrorism, selling intra-Syrian discussion and making improvements to the humanitarian state of affairs in Syria. Now we have agreed to proceed to dangle common professional conferences with the participation of delegations from the guarantor states, Syrian events, the govt, the opposition and representatives of the United Countries. Now we have agreed that the subsequent, twelfth spherical of consultations will likely be held in overdue March – early April in Astana. The Astana troika maintains shut contacts with regional stakeholders and world organisations. Some states have asked to be made a part of the Astana layout as observers. In this regard, we suggested our respective overseas ministers to figure out a method to grant such standing to them. To reiterate, due to the primary contribution by means of Russia, Iran, and Turkey, beneficial stipulations were created for Syria to start the technique of non violent reconstruction. We’re satisfied that sturdy balance in Syria will also be accomplished handiest by means of political and diplomatic method in accordance with UN Safety Council Answer 2254 and in strict compliance with the rules of solidarity, sovereignty and territorial integrity of that nation. It’s our not unusual opinion that handiest the Syrians themselves will have to decide the long term of their nation. There is not any different technique to unravel the disaster in Syria. It was once in this vein that we thought to be problems associated with selling the intra-Syrian political procedure, and agreed to paintings in combination to facilitate the early release of the Constitutional Committee, which is designed to cope with the basic facets of the long term state construction of the Syrian Arab Republic. The applicants for club have been in large part agreed by means of the Syrian govt and the opposition. Now, it’s essential to approve the listing of the committee individuals and broaden rules on the key parameters of its functioning. It’s believed that the luck of the political procedure in Syria will assist additional normalise members of the family between Damascus and the Arab nations, repair the republic’s club in the Arab League and serve the pursuits of safety and balance in the Center East in common. All over the talks, the troika leaders reiterated that neutralising terrorist teams in Syria is a most sensible precedence. In this regard, they mentioned tactics of enforcing the Russian-Turkish memorandum on the Idlib de-escalation zone. Particularly, our Iranian and Turkish colleagues are prepared to paintings in combination in order to ease tensions and stabilise the state of affairs in Idlib. Now we have agreed to take further steps in this regard. We consider that keeping up the efforts to put an finish to hostilities will have to now not be adverse to the efforts to battle terrorism. To reiterate, developing the Idlib de-escalation zone is a transient measure. Competitive raids by means of militants will have to now not move unpunished. All over the talks, we additionally mentioned how the plans introduced by means of the US to withdraw troops from northeastern Syria will impact trends in Syria. It’s our not unusual opinion that those steps will play a sure position and assist stabilise the state of affairs in this area of Syria, which will have to sooner or later come beneath the professional govt’s regulate. A lot consideration was once paid to offering humanitarian assist to the Syrian folks and facilitating the go back of refugees. The Astana troika is doing a lot in this regard. With our total give a boost to, Syria can now accommodate as much as 1.5 million folks. The govt has equipped company promises of a non-discriminatory option to all those that want to go back house. On the other hand, in order to radically beef up the state of affairs in Syria, to clear up acute social issues and to rebuild the financial system, there may be want for joint efforts by means of the whole world group. We name on all stakeholders and world organisations, basically the UN, to step up their help to Syria as it tries to repair non violent existence and maintain the aftereffects of the hostilities. In last, I wish to sincerely thank our Iranian and Turkish companions, President Rouhani and President Erdogan, for nowadays’s substantive and productive talks. I am assured that the result of the summit will advertise productive paintings in the hobby of setting up peace and stabilising the state of affairs in Syria. Thanks. Query (retranslated): Making an allowance for that you simply mentioned more than a few problems at the assembly, what are you able to let us know in regards to the long term of Idlib and the jap financial institution of the Euphrates River? What problems did you talk about in this context? Vladimir Putin: All of us continue from the premise that observance of Syria’s territorial integrity will have to be one in every of the rules of a agreement. This considerations Idlib and the territories adjoining to the Euphrates River, together with the jap financial institution. And, of direction, the fight towards terrorism will have to move on regardless of the place the terrorists are. That is the first level. And the 2d level. We don’t give a boost to anything else this is associated with separatism. We consider that any discussion, inside Syria, will have to result in the complete recovery of its society and state. Query (retranslated): The US made up our minds to withdraw from Syria however known as on its NATO allies to identify tracking spaces on those territories. What do you consider this? Mr Putin and Mr Rouhani, you mentioned we display an figuring out for those considerations. What steps will also be taken in this space with attention for Turkey’s considerations? The US has expressed its view on this. On the other hand, we’re seeing that Mr Trump’s colleagues don’t percentage his opinion. If President Trump made a ultimate choice, the state of affairs can be other. However now we’re listening to April and Might. It’s unclear what is going to occur subsequent: will the troops be withdrawn? We’re carefully staring at the Astana layout. Our drawback is that we would like Syria’s territorial integrity to be ensured. First of all, Manbij will have to be free of the terrorists. We will have to now not give a unmarried plot of land to the terrorists in Idlib. The folks of Syria are the lawful homeowners of those territories.. Vladimir Putin: We perceive the want to be sure that Turkey’s safety alongside its southern borders. We all know that Turkey and the Syrian Arab Republic are sure by means of a treaty that incorporates rules on the joint fight towards terrorism. This may occasionally turn into the basis of this paintings nowadays, too. Our particular products and services and army departments are in shut touch and actively cooperating in this space. I am positive that if we act in live performance as we did sooner than, luck will likely be assured. However in the bottom line, we consider, and the President of the Republic of Turkey can ascertain this, in the bottom line we consider that the territorial integrity of the Syrian Arab Republic will likely be ensured with the removal of the terrorist danger about which the President of Turkey spoke. As for US troop withdrawal, we all know that US President Donald Trump is slightly energetic in enforcing his election guarantees, which is a uncommon incidence in US politics. Considered one of those guarantees is the withdrawal US troops from Syria. However as discussed previous, home political trends would possibly save you him from all the time attaining his objectives. We have no idea what is going to occur subsequent. As of nowadays, we will say that there aren’t any large adjustments on the territory, however we consider this may nonetheless occur. If it does, the handiest right kind choice to be sure that safety will likely be to put those territories beneath the regulate of the Syrian military. Query: You will have already mentioned a lot about how unhealthy the state of affairs with Syrian refugees is. What else may the 3 nations do to get them house? Who else, do you assume, may get in on the act? And if they may, why have they now not achieved so but? A query for the President of Russia. On January 23, at a assembly with President Erdogan in Moscow, you cited a letter written by means of UN everlasting representatives of Western nations to the UN Secretary-Basic, in which they in reality hampered the introduction of the Constitutional Committee in Syria. At the time, you expressed hope that consider will also be restored and the political procedure will proceed. Have there been any trends since then? Vladimir Putin: To start with the remaining a part of your query, we now have been running energetically with our colleagues, Turkish companions and Iranian companions. Our professionals from the army departments and the overseas ministries persisted energetic consultations with the Syrian govt and the opposition. I am glad that, in common, we now have made development. It’s nonetheless too early to say anything else definitive, however we expressed our bewilderment at the positions of some of our companions in regards to the formation of this Constitutional Committee, as a result of we expect we complied with the entire necessities, and the end result even exceeded expectancies, so I had an impact that the technique of developing the Constitutional Committee was once now not simply hampered however sabotaged. Even supposing publicly, they’re speaking in regards to the want to use political method. In spite of those difficulties, we persisted to paintings onerous, and I assume we will be able to reach our final objective in the close to long term. The quicker we do it, the higher. With reference to the humanitarian part, if everyone seems to be taken with having refugees go back to their properties, we will have to do our easiest to make sure that their residing stipulations are first rate and appropriate for people. So, there’s no reason to prohibit the provision of humanitarian assist to the Syrian folks for political causes. Much more bizarre is a few nations’ choice to impose sanctions on the firms and people who supply such humanitarian assist and cooperate with the Syrian govt in order to repair infrastructure and supply assist in healthcare, training, and so on. Everybody will have to rally round something which is to assist Syria repair its statehood. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Press Release **Tags:** andanswers, andTurkey, Iran, meeting, ofpresidents, ofRussia, Press, questions, statement, tojournalists --- ### [US non-public payroll expansion slows in June, misses expectancies](https://turkbusinessnews.com/2026/07/11/us-non-public-payroll-expansion-slows-in-june-misses-expectancies/) **Published:** July 11, 2026 **Author:** spsingh **Content:** US non-public sector employment rose lower than anticipated in June, signaling a slowdown in activity advent forward of the carefully watched reputable exertions marketplace file due Thursday. Non-public employers added 98,000 jobs in June, down from an unchanged 122,000 in Might, consistent with the ADP Nationwide Employment File launched Wednesday. The determine got here under the marketplace forecast of 118,000. The file, produced by means of ADP Analysis in collaboration with the Stanford Virtual Financial system Lab, confirmed that activity advent remained concentrated in services and products, which added 96,000 positions, whilst goods-producing industries won handiest 2,000 jobs. Schooling and well being services and products led employment expansion with 48,000 new jobs, adopted by means of business, transportation, and utilities with 15,000, monetary actions with 14,000, and different services and products with 8,000. Data added 7,000 jobs, whilst skilled and industry services and products, building, and recreational and hospitality every posted beneficial properties of two,000. Herbal sources and mining used to be the one sector to report a decline, dropping 5,000 jobs. “Job creation was uneven in June,” ADP mentioned, including that monetary actions and data had been amongst gainers, whilst recreational and hospitality posted a 6th month of susceptible hiring. “The pace of hiring is telling a story of both supply and demand,” mentioned Nela Richardson, leader economist at ADP. “We know it’s taking people longer to find work, but there also are signs of labor supply constraints in certain industries. For now, the overall effect is a slowdown in job creation,” she added. Through company measurement, small institutions with fewer than 50 workers added 53,000 jobs, medium-sized corporations added 29,000, and big institutions with 500 or extra workers created 25,000 positions. On wages, annual pay expansion for job-stayers used to be little modified at 4.4%, whilst pay expansion for job-changers sped up to six.6%. The ADP knowledge comes in the future sooner than the United States Hard work Division’s nonfarm payrolls file, which markets and Federal Reserve officers carefully observe for indicators of the energy of the exertions marketplace and the outlook for financial coverage. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Business **Tags:** expectations, growth, June, misses, payroll, private, slows --- ### [Turkish international minister says NATO Ankara summit concluded effectively](https://turkbusinessnews.com/2026/07/11/turkish-international-minister-says-nato-ankara-summit-concluded-effectively/) **Published:** July 11, 2026 **Author:** spsingh **Content:** Turkish International Minister Hakan Fidan mentioned Wednesday that the NATO summit hosted through Türkiye in Ankara on July 7-8 concluded effectively. In a commentary on Turkish social media platform NSosyal, Fidan mentioned the participation of all allies on the leaders’ stage within the “historic summit” used to be an indication of self belief in Türkiye and President Recep Tayyip Erdoğan. The summit, held at a crucial time amid intense discussions on NATO’s transformation, addressed key problems at the Euro-Atlantic safety time table intimately, he mentioned. Fidan mentioned the summit laid the principles for “a stronger Europe within a stronger NATO” underneath the NATO 3.0 imaginative and prescient. He thanked President Erdoğan for his “strategic vision and strong leadership” that enabled Türkiye to host a NATO summit once more after 22 years. Fidan additionally thanked NATO Secretary Common Mark Rutte and the international ministers of allied international locations for his or her shut cooperation all through arrangements for the summit. He mentioned he was hoping the NATO Ankara summit would convey peace and safety to Türkiye and all allies. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** National **Tags:** Ankara, concluded, foreign, minister, NATO, successfully, summit, Turkish --- ### [Germany criticizes Israel over West Financial institution, stops wanting backing harder EU measures](https://turkbusinessnews.com/2026/07/11/germany-criticizes-israel-over-west-financial-institution-stops-wanting-backing-harder-eu-measures/) **Published:** July 11, 2026 **Author:** spsingh **Content:** Germany on Friday criticized Israel’s persisted growth of unlawful settlements within the West Financial institution however stopped wanting backing calls from EU companions for harder measures, together with a industry ban on items from those settlements. “All German governments to date — and we ourselves — have consistently issued statements to this effect,” Wadephul mentioned, including that he reiterated Germany’s expectancies all the way through his consult with to Israel on Tuesday, when he mentioned the newest tendencies together with his Israeli counterpart. “International law is the guiding principle here, and there must be no unilateral de facto annexation,” he mentioned. “In particular, any form of settler violence is unacceptable. We expect the Israeli government to take decisive action against it.” He added that he had gained assurances at the topic from his Israeli counterpart. Wadephul stopped wanting pronouncing whether or not Germany would again proposals to prohibit or limit imports from Israeli settlements within the West Financial institution at Monday’s assembly of EU international ministers. As a substitute, he wired the want to stay discussion channels open with Israel. “We have previously made decisions to impose sanctions on radical settler organizations prone to violence. We are ready to review the situation again at any time,” he mentioned. Wadephul argued that the speedy precedence will have to be fostering stipulations for development on different pressing fronts. “Overall, we must now foster a climate that guarantees, firstly, the success of the fruitful talks Israel is holding with Lebanon aimed at reaching an agreement. That is of historic importance,” he mentioned. “And secondly, it is crucial that we finally make progress regarding the Gaza Strip. A solution there has been pending for far too long.” He reiterated that Israel will have to now not impose restrictions on humanitarian get entry to to Gaza and will have to permit extra assist into the Palestinian territory. He also referred to as for accelerating efforts to dismantle Hamas’s energy construction. “We must finally reach a point where responsibility for the Gaza Strip is gradually handed over to the Palestinian administration that is to be formed,” Wadephul mentioned. “I believe we should focus on these questions now. And that will also be my key contribution at the EU foreign ministers’ meeting on Monday.” ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** International **Tags:** backing, Bank, criticizes, Germany, Israel, measures, short, stops, tougher, West --- ### [What to find out about Türkiye's new AI motion plan](https://turkbusinessnews.com/2026/07/11/what-to-find-out-about-turkiyes-new-ai-motion-plan/) **Published:** July 11, 2026 **Author:** spsingh **Content:** As synthetic intelligence strikes to reshape day-to-day lifestyles, economies, the way forward for jobs and nationwide safety, Türkiye is shifting forward with a brand new motion plan that extends to a number of crucial domain names, from construction consciousness to boosting information heart capability. President Recep Tayyip Erdoğan unveiled on Saturday the rustic’s new AI Motion Plan, wherein Ankara targets to mobilize no less than $10 billion in principally private-sector funding for information facilities, cloud computing, and synthetic intelligence infrastructure. The president shared with the general public the 2026-2030 street map on the Türkiye Synthetic Intelligence Summit held in Istanbul. Listed below are the important thing main points: Knowledge facilities, funding Talking on the summit, Erdoğan stated the rustic targets to extend its put in information heart capability to no less than 1 gigawatt (GW) via 2030. He additionally stated no less than 2% of public funding systems will likely be allotted to synthetic intelligence tasks. Erdoğan stated the motion plan targets to hold Türkiye into “the league of leading countries in artificial intelligence technologies.” “As Türkiye, we are making intensive efforts to reflect our accumulated experience and capabilities in the defense industry to other fields, especially artificial intelligence,” he famous. He additionally stated that political, army, and financial energy can not be regarded as one after the other from virtual sovereignty, including that virtual capability has turn out to be a drive multiplier. Türkiye is one of the nations that known this technological transformation early and formed its insurance policies accordingly, he added. Additionally, the president recalled the release of 5G products and services on March 31, the status quo of the Cybersecurity Presidency, and the release of the rustic’s first indigenous communications satellite tv for pc, Türksat 6A, again in 2024, bringing up them as the stairs strengthening virtual independence. He stated Türkiye is now certainly one of 11 nations in a position to generating its personal communications satellite tv for pc. The president additionally stated Türkiye has constructed a significant innovation infrastructure over the last 23 years, with greater than 1,700 R&D and design facilities, 114 technoparks, and over 13,000 generation corporations. Erdoğan additionally introduced plans to make no less than 2,000 public datasets to be had to electorate via a Nationwide Knowledge Library, together with information from sectors similar to well being, agriculture, protection, and e-commerce. He stated the plan will create a regulatory framework that protects customers’ rights and gives predictability for traders, in response to a proportional and risk-based method. He emphasised that the achievements in generation are most effective the visual a part of a far greater “iceberg,” including that Türkiye is decided to construct a powerful and strong nation within the virtual box as a part of the “Century of Türkiye,” via taking advantage of the alternatives of synthetic intelligence. AI literacy workshops, coaching One of the crucial crucial pillars of the motion plan may be consciousness and literacy, and beneath it Türkiye will teach 10,000 complex AI consultants and 100,000 AI software pros, he stated. The president additional added that AI literacy workshops will likely be introduced in all 81 provinces, with the function of offering coaching to five million electorate inside of two years. “We will launch the National Artificial Intelligence Literacy Program to ensure that people of all ages understand artificial intelligence correctly and use it safely,” Erdoğan stated. 4 major pillars The AI Motion Plan is constructed on 4 major pillars – “discover, benefit, produce and govern,” or (“awareness, adoption, production, and governance”) – with 4 complementary movements beneath every pillar, he famous. Below the “benefit” pillar, Erdoğan stated synthetic intelligence will likely be changed into concrete worth in fields starting from public products and services and business to training, well being, agriculture, and safety. He stated felony laws will likely be offered to make sure that information facilities meet world requirements and effort potency necessities. E-government will likely be handled as a change space the place electorate can without delay enjoy AI-supported public products and services, he added. Moreover, Erdoğan stated small and medium-sized enterprises (SMEs) will likely be supported via AI vouchers, particularly in precedence spaces similar to well being, power and sensible production. Below the “produce” pillar, Türkiye will expand its personal AI fashions, identify AI expansion zones, and make stronger analysis and startups via nationwide AI analysis and expansion budget. ‘Bilge’ type as instance He stated paintings on Turkish massive language fashions (LLMs) will proceed to fortify virtual sovereignty, bringing up native language type “Bilge,” evolved via the Clinical and Technological Analysis Council of Türkiye (TÜBITAK), as one instance. Erdoğan additionally referred to huge language type tasks evolved via the T3 Basis and Baykar, in addition to Havelsan’s 9-billion-parameter type at the Major platform. ![Industry and Technology Minister Mehmet Fatih Kacır speaks during the Türkiye Artificial Intelligence Summit, Istanbul, Türkiye, June 13, 2026. (AA Photo)](https://idsb.tmgrup.com.tr/ly/uploads/images/2026/06/14/445849.jpg) Below the “govern” pillar, Türkiye targets to put Istanbul as the rustic’s world exhibit and funding international relations town in synthetic intelligence. “We will position Istanbul as Türkiye’s international showcase in artificial intelligence and as a city of investment diplomacy. We will use Terminal Istanbul as a meeting point for our entrepreneurs and global investors,” he stated. The president additionally steered that Türkiye will take an lively position in shaping human-centered AI requirements at other organizations such because the OECD, the G-20, the U.N., and different world platforms. He additionally stated Türkiye will paintings with the Group of Turkic States (OTS) to step by step expand a joint Turkic massive language type masking Oghuz, Kipchak, and Karluk languages. “By seizing the opportunities provided by artificial intelligence, we are determined to build a great and strong Türkiye in the ‘Century of Türkiye’ in the digital world as well,” he stated. The summit in Istanbul was once attended via most sensible officers, together with Vice President Cevdet Yılmaz and Trade and Generation Minister Mehmet Fatih Kacır. Kacır, in a submit on social media, shared his interplay with the newly unveiled “Bilge” type. The development was once additionally attended via Selçuk Bayraktar, the chairperson of the board and the executive generation officer of the Turkish drone pioneer Baykar, who, in his cope with, criticized Giant Tech platforms for trapping billions of customers in algorithmic loops designed to optimize display screen time via neurological exploitation. To counter the monopoly of worldwide generation cartels, Bayraktar advised growing nations and allied international locations to construct unbiased, clear, and auditable open-source ecosystems. The brand new motion plan was once welcomed via the main non-governmental organizations (NGOs) within the box, in addition to the non-public sector. “As the Artificial Intelligence Policy Association (AIPA), one of Türkiye’s first official civil society organizations dedicated to artificial intelligence, we are proud to have contributed, even in a small way, to this vision and action plan,” stated Zafer Küçükşabanoğlu, founder and chairperson of AIPA, an Ankara-based NGO. “This historic step has further strengthened our motivation and optimism for the future. As we have always emphasized, the driving force and coordinator of this transformation is our state,” he added. “We have signed a cooperation protocol with our ministry in line with the Artificial Intelligence Competency goals,” stated Levent Özbilgin, Normal Supervisor at Microsoft Türkiye, regarding the protocol with the Trade and Generation Ministry. “I hope that the Artificial Intelligence Action Plan and Roadmap will be beneficial and auspicious for our country,” he added. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Technology **Tags:** action, plan, Türkiyes --- ### [Ultimate Caribou Monument Put in in Gallipoli - Information Releases](https://turkbusinessnews.com/2026/07/11/ultimate-caribou-monument-put-in-in-gallipoli-information-releases/) **Published:** July 11, 2026 **Author:** spsingh **Content:** The Govt of Newfoundland and Labrador these days introduced that when just about a decade of collective efforts, a 6th bronze caribou monument has been put in in Gallipoli, Turkey, thereby in the end finishing the Path of the Caribou. This monument honours the Royal Newfoundland Regiment’s involvement within the Gallipoli Marketing campaign 1915-16, the one regiment from North The united states to take action throughout the First International Battle. The monument’s finishing touch is a key legacy undertaking of the Honour 100 initiative, which was once established in 2012 because the province’s dedication to First International Battle commemorations. Finishing the Path of the Caribou is a very powerful milestone in Newfoundland and Labrador’s First International Battle tale; the undertaking was once undertaken for $245,000. The bronze caribou weighs roughly 1,500 kilos and measures roughly 10 ft from the nostril to the again and roughly 8 ft from most sensible to backside. It’s been positioned 25 metres northwest of the Hill 10 Cemetery in Gallipoli, which is the resting position for 8 Royal Newfoundland Regiment infantrymen, together with Non-public Hugh McWhirter of Humbermouth, Bay of Islands, the Regiment’s first casualty at Gallipoli. Because of the continued world pandemic, a proper unveiling tournament didn’t happen in Gallipoli. Alternatively, the Provincial Govt plans to carry an authentic commemoration rite and determination of the monument as soon as trip restrictions ease. The Path of the Caribou extends all through northern France, Belgium, and Turkey at important websites to the Royal Newfoundland Regiment. Bronze caribou monuments are established at Beaumont-Hamel, Masnières, Gueudecourt, Monchy-le-Preux, Kortrijk and now, Gallipoli, to suggest the Regiment’s contributions and sacrifices close to those communities. Quotes“Completing the Trail of the Caribou is an historic moment for Newfoundland and Labrador. The installation of the final caribou is the culmination of a tremendous effort made by many over a number of years. Much gratitude to the Government of Canada and the Republic of Turkey for recognizing the significance of the caribou monument to the people of Newfoundland and Labrador, and allowing us to properly pay tribute to the Royal Newfoundland Regiment’s service and sacrifice.”Honourable Andrew FureyPremier of Newfoundland and Labrador “Today marks a significant milestone in the Royal Newfoundland Regiment’s First World War story. The Trail of the Caribou is a lasting legacy to honour all those who served, and particularly the 22 who are buried on Turkish soil. Many thanks to all who played a role in the completion of this historic project, including Turkish officials who worked with us over the last number of years to ensure the success of the project.”Honourable Steve CrockerMinister of Tourism, Tradition, Arts and Game “The Regimental Advisory Council appreciates the Government of Newfoundland and Labrador, Elinor Gill Ratcliffe and Susan Patten’s support for making it possible to complete the Trail of the Caribou. With the approval of the Government of Turkey, the final caribou has now been installed at Gallipoli where the Royal Newfoundland Regiment landed in 1915. We look forward to the formal dedication of the monument, joining the five others in France and Belgium when conditions permit.”Ron PenneyPast Chair, Royal Newfoundland Regiment Advisory Council “Soldiers of the Royal Newfoundland Regiment fought with valor and honour in the First World War – and their sacrifice must never be forgotten. The Trail of the Caribou recognizes their contributions to the Gallipoli Campaign and will ensure their legacy endures.”Honourable Seamus O’Regan Jr.Minister of Herbal Sources and Member of Parliament for St. John’s South-Mount Pearl “This project has been near and dear to my heart as a Royal Newfoundland Regiment historian and enthusiast. It’s been a tremendous honour to lead the team responsible for replicating and installing the caribou, and finally being able to properly pay tribute to the Regiment’s time on the Gallipoli Peninsula.”Frank GogosProject Supervisor InnovativeNL Engineering and Venture Control – 30 – Be told extra Royal Newfoundland Regiment Path of the Caribou Like us on Fb The Path of the Caribou is now entire. The 6th and ultimate caribou was once put in in Gallipoli, Turkey these days. ![](https://www.gov.nl.ca/releases/files/2021/04/Photo-3-GNL-and-RNRAC-April-2021.jpeg "-")Wreaths had been laid on the web page on behalf of the Govt of Newfoundland and Labrador and the Royal Newfoundland Regiment Advisory Council, in commemoration of these days’s set up. ![](https://www.gov.nl.ca/releases/files/2021/04/Photo-2-Installation-of-Caribou-April-2021.jpeg "-")Foundry staff from EFES Bronze Foundry had been on web page to put in the caribou, with the help of SITULA Contracting corporate. 2021 04 13 10:33 am ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Press Release **Tags:** Caribou, Final, Gallipoli, Installed, Monument, News, Releases --- ### [Strait of Hormuz site visitors stable in spite of fragmented routing, safety dangers](https://turkbusinessnews.com/2026/07/11/strait-of-hormuz-site-visitors-stable-in-spite-of-fragmented-routing-safety-dangers/) **Published:** July 11, 2026 **Author:** spsingh **Content:** Vessel site visitors during the Strait of Hormuz remained stable on June 30 in spite of fragmented routing patterns and protracted maritime safety issues around the wider Center East, in line with MarineTraffic knowledge launched Wednesday. The strategic calories chokepoint recorded 34 verified vessel crossings, flippantly divided between inbound and outbound site visitors at 17 transits each and every, MarineTraffic stated on america social media platform X. The crossings integrated a wide combine of business, energy-related and improve vessels, indicating that delivery job during the strait has endured. Alternatively, MarineTraffic stated direction visibility remained fragmented, with vessels the usage of Iranian, Omani, World Maritime Group (IMO)-designated, in addition to darkish or unidentified routes. The development means that whilst vessel actions have endured, delivery has but to go back to customary routing as operators proceed adjusting to the protection atmosphere in and across the Gulf. Maritime safety dangers additionally stay increased. IMO’s incident tracker lists 49 showed incidents within the Strait of Hormuz and the broader Center East as of June 30, together with a newly showed bodily assault at the Bochem Marengo. The IMO additionally reported 14 showed seafarer fatalities connected to incidents around the area. The Strait of Hormuz, between Iran and Oman, connects the Persian Gulf with the Gulf of Oman and the Arabian Sea, making it one of the most international’s most important maritime chokepoints for world calories business. In step with america Power Data Management, oil flows during the strait averaged 20 million barrels consistent with day in 2024, identical to about 20% of world petroleum liquids intake. The company additionally stated kind of one-fifth of world liquefied herbal gasoline business transited the waterway in 2024, essentially from Qatar. The direction is especially essential for Asian calories markets, with a lot of the crude oil, condensate and LNG passing via Hormuz destined for China, India, Japan and South Korea. Any disruption to site visitors during the strait can building up delivery prices, prolong calories cargoes and heighten volatility in world oil and gasoline markets, specifically as a result of Gulf exporters have simplest restricted pipeline choices. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Business **Tags:** fragmented, Hormuz, risks, routing, security, steady, Strait, traffic --- ### [Turkish international coverage now a key power in world machine, says head of communications](https://turkbusinessnews.com/2026/07/11/turkish-international-coverage-now-a-key-power-in-world-machine-says-head-of-communications/) **Published:** July 11, 2026 **Author:** spsingh **Content:** Türkiye’s international coverage underneath President Recep Tayyip Erdoğan has moved past being a regional actor to change into some of the influential forces within the world machine, the rustic’s head of communications stated Wednesday. In a put up at the Turkish social media platform NSosyal, Burhanettin Duran stated Türkiye’s strategic place and global status have been obviously mirrored in Ankara’s web hosting of the thirty sixth NATO Heads of State and Executive Summit. Duran stated the summit marked a “historic process” as NATO discusses a brand new imaginative and prescient that may form the parameters of the worldwide safety structure. He stated the “NATO 3.0” imaginative and prescient, which targets to extend Europe’s weight in protection, puts Türkiye on the middle of this variation. “Türkiye plays a game-changing role with its intellectual and military capacity,” Duran stated. He added that Türkiye is strengthening its protection business whilst additionally performing as “the voice of the global conscience” for calm in Gaza and Lebanon, calling on all actors to think accountability. Duran stated the desire demonstrated in Ankara as soon as once more showed Türkiye’s decisive place in world international relations and its decision to construct a simply global order. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** National **Tags:** communications, force, foreign, global, key, policy, system, Turkish --- ### [Iran urges UN to carry US responsible, warns peace pact is determined by Washingtons compliance](https://turkbusinessnews.com/2026/07/11/iran-urges-un-to-carry-us-responsible-warns-peace-pact-is-determined-by-washingtons-compliance/) **Published:** July 11, 2026 **Author:** spsingh **Content:** Iran on Friday referred to as at the UN to take “decisive action” in opposition to america over its alleged violations of global legislation, whilst caution that Tehran’s dedication to the framework peace deal signed closing month is determined by Washington pleasing its personal tasks beneath the pact. Chatting with newshounds after a UN Safety Council assembly, Iran’s Ambassador to the UN Amir Saeid Iravani accused america of committing illegal acts and stated Washington bears duty for the results. “The United States bears full international responsibility for all legal and political consequences arising from its unlawful action,” Iravani stated. His remarks got here after US President Donald Trump stated that Iran had sought to renew negotiations, and Washington had agreed, even if he stated the June ceasefire was once “over.” Iravani stated that beneath the pact, duty for maritime navigation throughout the Strait of Hormuz, together with reopening the waterway and wearing out any important demining operations, “rests exclusively” with Iran. He additionally appealed to the UN to intrude, announcing the Safety Council and Secretary-Common Antonio Guterres have a duty beneath the UN Constitution to safeguard global peace and safety. “They must take effective and decisive measures to stop the United States’ unlawful act of aggression. They must prevent any further escalation. They must also ensure that the United States fully honors its obligation and is held accountable for its aggression.” Regardless of the grievance, Iravani stated Iran stays dedicated to the framework deal, referred to as a memorandum of figuring out (MOU), supplied america additionally complies with its commitments. “Iran remained dedicated to the devoted implementation of the memorandum of figuring out, only if america totally and faithfully complies with its personal legal responsibility. “However, should the United States continue to violate its obligation under the MOU, Iran will no longer be bound to fulfill its obligation under the MOU,” he added. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** International **Tags:** accountable, compliance, depends, hold, Iran, pact, peace, urges, warns, Washingtons --- ### [Turkey accused of financing Hezbollah’s resurgence in Lebanon, sending planes loaded with money - Nordic Observe](https://turkbusinessnews.com/2026/07/11/turkey-accused-of-financing-hezbollahs-resurgence-in-lebanon-sending-planes-loaded-with-money-nordic-observe/) **Published:** July 11, 2026 **Author:** spsingh **Content:** Abdullah Bozkurt/Stockholm Turkey has emerged as a brand new supply of economic enhance for Hezbollah, the Iranian-backed proxy workforce in Lebanon, which has come beneath intense power from Israeli army operations and US Treasury sanctions. In a proper grievance submitted to the United Countries Safety Council, Israel accused Turkey of performing as a monetary conduit for the Lebanese militant workforce Hezbollah. The grievance cited explicit flights originating from Turkey that allegedly transported money supposed for the group. In a letter dated February 20, 2025, Israeli Ambassador to the United Countries Danny Danon addressed the Safety Council and Secretary-Normal António Guterres, detailing what Israel characterizes as “persistent violations” of Safety Council Answer 1701 in addition to breaches of the Ceasefire Figuring out reached with Lebanon in November 2024. The letter accuses Hezbollah of reconstructing its army infrastructure and attractive in cross-border actions, in direct violation of the ceasefire settlement. Of specific relevance to Turkey, the annex to the letter outlines monetary transfers to Hezbollah, routed thru intermediaries running inside of Turkish territory. In step with Israeli intelligence shared with the US-led World Tracking and Implementation Mechanism, price range believed to be earmarked for Hezbollah’s army operations were funneled thru industrial channels between Iran and Lebanon, with Turkish entities reportedly serving a facilitative position within the transactions. The proof submitted to the United Countries contains two Turkish flights — one on February 7, 2025, and any other on February 9 — that landed at Beirut World Airport wearing money supposed for Hezbollah. A letter submitted to the UN Safety Council via the Israeli ambassador main points money routed to Lebanon’s militant workforce Hezbollah in violation of UN sanctions: Even though no explicit Turkish officers or organizations have been at once implicated, Israel’s allegations have been unsurprising in gentle of the staunchly anti-Israel stance followed via the Islamist executive of President Recep Tayyip Erdogan. Ankara has more and more aligned itself with Iran on a variety of regional problems, together with enhance for Hamas and vocal opposition to the US-led coalition’s army marketing campaign in opposition to Iran-backed Houthi forces in Yemen. Erdogan has been sharply crucial of Israeli army operations concentrated on Hezbollah in Lebanon. In a commentary posted on X on September 28, 2024, he wrote, “Israel’s genocide, occupation and invasion policy, which has been ongoing since October 7 \[2023\], has now set its sights on Lebanon and the Lebanese people.” He additional accused Israel of “openly defying all of humanity, humanitarian values and international law.” Erdogan’s remarks got here sooner or later after Hezbollah chief Hassan Nasrallah was once killed in an Israeli army strike in Lebanon. Two days later, talking at a cupboard assembly, Erdogan intensified his complaint of Israel, pointing out, “A handful of radical Zionists, blinded by blood and hatred, are dragging our region and the entire world into flames. We will never consent to this oppression, this barbarity.” He additional declared that Turkey would stand via Lebanon and Palestine, announcing that this stance was once a protection of humanity in opposition to Israel’s alleged barbarism. Turkish President Erdogan hosted Hamas leaders in Istanbul on April 20, 2024. On October 1, 2024, throughout the hole consultation of parliament, Erdogan vowed to supply Lebanon with all to be had assets within the face of Israeli assaults. He claimed that Israel aimed to invade Turkish territory following its operations in Lebanon, likened Israeli High Minister Benjamin Netanyahu to Adolf Hitler and asserted that Netanyahu’s movements would sooner or later be stopped. Israel’s letter additional accuses Hezbollah of running guns manufacturing websites and garage amenities in Lebanon, keeping up an army presence south of the Litani River, and engaging in reconnaissance missions close to the Israeli border — each and every of which constitutes a contravention of UN resolutions. Some of the extra severe allegations is the reported lifestyles of a 3-kilometer smuggling tunnel in Lebanon’s Bekaa Valley, allegedly operated via Hezbollah’s Unit 4400 to facilitate the switch of Iranian guns. Israel claims the tunnel was once focused in two separate army moves however remained operational as of early February 2025. Danon additional accused parts inside the Lebanese Armed Forces (LAF), together with its army intelligence gadgets, of colluding with Hezbollah via sharing delicate data got via global displays. The letter concludes with a decision for Safety Council motion, urging power on Lebanon to totally put in force its tasks beneath Answer 1701, sanctions in opposition to Iran and measures via all member states to disrupt Hezbollah’s financing, specifically thru third-party territories akin to Turkey. Israeli intelligence submitted proof detailing two Turkish flights that carried money for Lebanon’s Hezbollah in February 2025: Turkey has already been the objective of a sequence of US Treasury sanctions, because of entities and people related to terrorist-designated teams akin to Hamas, Islamic Jihad and Hezbollah running inside of its borders. Those teams have reportedly applied Turkey’s monetary and banking methods no longer most effective to switch price range but additionally to lift cash regionally. Iran’s Quds Power operatives in Turkey were energetic for years with obvious impunity, specifically following the derailment of the rustic’s greatest legal investigation into the Quds Power’s Turkish community, Tevhid Selam, in February 2014. The investigation implicated senior Turkish officers, together with President Erdogan’s leader Center East guide, Seyfi Turan, and Turkey’s overseas minister, Hakan Fidan, who was once head of the Nationwide Intelligence Group (MIT) on the time. Quds Power operative Sıtkı Ayan, a Turkish nationwide who had collaborated with the Quds Power’s Gen. Behnam Shahriyari — who operated beneath the alias Sayed Ali Akber Mir Vakili in Turkey — was once additionally a suspect within the Turkish investigation. Even though all suspects within the terrorism case have been shielded via the Erdogan executive, Ayan and Shahriyari have been indicted in February 2024 via US federal prosecutors in Ny on a couple of fees, together with terrorism, sanctions evasion, fraud and cash laundering, all associated with financing Quds Power operations. Ayan has ceaselessly traveled to Lebanon to behavior trade with Iranian operatives. He has lengthy been a detailed affiliate of Turkish President Erdogan, to whom he reportedly supplied hundreds of thousands of bucks in money as bribes, derived from his clandestine oil and gasoline dealings with the Iranian regime. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Finance **Tags:** accused, cash, financing, Hezbollahs, Lebanon, loaded, Monitor, Nordic, planes, resurgence, sending, Turkey --- ### [Türkiye draws $172 million in startup investment in H1](https://turkbusinessnews.com/2026/07/11/turkiye-draws-172-million-in-startup-investment-in-h1/) **Published:** July 11, 2026 **Author:** spsingh **Content:** A complete of $172 million was once invested throughout 87 investment rounds in Türkiye throughout the primary part of 2026, in keeping with new information launched through trade observe startups.watch. The figures highlighted each the ongoing energy of the rustic’s gaming ecosystem and the demanding situations going through different sectors in quest of expansion capital. The findings had been offered at startups.watch’s 2026-Q2 Türkiye startup ecosystem tournament, the place trade members mentioned present marketplace tendencies and the longer term route of the rustic’s mission capital panorama. In keeping with the document, six startups by myself, particularly Grand Video games, TaleMonster Video games, Fimple, Lucida, Dataroid and Brix, accounted for 75% of all funding capital raised throughout the duration. Gaming stays ecosystem engine Commenting at the findings, startups.watch founder Serkan Ünsal mentioned the gaming trade is still the main driving force of Türkiye’s startup marketplace. Of the $172 million invested throughout the primary six months of the yr, $111.4 million flowed into gaming startups, representing just about 65% of overall investment job. “There is an elephant in the room that nobody talks about,” Ünsal mentioned. “At the moment, gaming startups are still carrying the entire ecosystem.” The distinction is especially putting in monetary era, or fintech, traditionally one in every of Türkiye’s most powerful startup verticals. After attracting $220.4 million in funding throughout 2025, the field secured handiest $16.6 million within the first part of 2026. AI awaits its breakout second Whilst synthetic intelligence continues to dominate mission capital flows throughout Europe, Türkiye stays at a miles previous degree of construction. Ünsal famous that 49% of the $16.1 billion invested in the UK throughout the primary part of the yr was once concentrated in simply seven wide AI firms. By way of comparability, 33 Turkish AI startups raised a blended $28.6 million throughout the similar duration. In keeping with Ünsal, Türkiye remains to be within the early levels of creating its AI ecosystem. To compete the world over, the rustic will sooner or later want to produce large-scale investment rounds measured in loads of thousands and thousands, and even billions, of bucks. ‘Waiter-height’ investment hole Some of the audio system on the tournament was once Tuğrul Tekbulut, founding father of Brand Device and a serial entrepreneur, who shared classes from the world expansion adventure of cybersecurity corporate Timus Networks. Tekbulut argued that whilst Turkish startups most often have little problem securing seed investment, many come upon vital financing demanding situations when they achieve Collection A and expansion levels. He described this problem the use of what he referred to as the “waiter-height” downside, a scenario by which firms transform too wide for early-stage traders however stay too small to draw the eye of primary world expansion traders. “For seed investors, you become an expensive company,” Tekbulut mentioned. “But when you approach international investors, you often fall below their preferred investment window. You end up stuck in between.” Traders want better chance urge for food Tekbulut emphasised that Turkish marketers are in a position to constructing globally aggressive applied sciences, however argued that home mission capital companies should transform extra prepared to reinforce startups via riskier expansion levels. In keeping with him, traders want to settle for the opportunity of failure whilst offering the bigger swimming pools of capital required to construct the world over scalable companies. He additionally shared insights from Timus Networks’ a success go out technique, explaining that the corporate separated its home and world operations. The trade retained its actions in Türkiye, Azerbaijan and the Turkish Republic of Northern Cyprus (TRNC) whilst promoting its world operations at a better valuation. Pilot alumni portfolio surpasses $600 million in price TT Ventures, the mission capital arm of Türk Telekom, is increasingly more focusing its startup investments on synthetic intelligence applied sciences because the telecommunications trade expands past community infrastructure into era construction and mission making an investment. Startups that experience graduated from TT Ventures’ Pilot accelerator have jointly raised $58 million from traders, whilst their blended portfolio price has exceeded $600 million. As AI turns into a central driving force of the worldwide economic system, telecom operators international are evolving from infrastructure suppliers into era builders and startup traders. Whilst primary world operators are committing billions of bucks to AI projects, TT Ventures has established itself as one in every of Türkiye’s main company mission traders via its Pilot accelerator program and broader funding actions. Since its release, this system has equipped a complete of $3.2 million in money investment and funding reinforce to 131 startups. Of those, 78 graduates have long gone directly to safe a blended $58 million in follow-on investment from exterior traders. Startups that experience graduated from TT Ventures’ Pilot accelerator have jointly raised $58 million from traders thus far. (Courtesy of TT Ventures) In combination, the ones firms at the moment are valued at greater than $600 million. AI takes middle degree As TT Ventures launches the 14th time period of the Pilot, the main center of attention might be on synthetic intelligence, generative AI, cybersecurity, cloud applied sciences, virtual well being, mobility, power applied sciences and next-generation communications answers. Past offering early-stage investment, this system gives startups get right of entry to to Türk Telekom’s wide buyer base, alternatives for business partnerships, mentoring, technical infrastructure and reinforce for world growth. Telecom’s subsequent funding frontier The surge in investor passion in AI startups during the last two years has additionally formed TT Ventures’ funding technique. The corporate sees vital alternatives for startups growing generative AI answers throughout buyer enjoy, community control, cybersecurity, operational automation and undertaking productiveness inside the telecommunications sector. In consequence, AI-driven startups are anticipated to function prominently amongst candidates within the new accelerator cohort. For telecom operators, synthetic intelligence is now not seen handiest as an rising era but in addition as a strategic funding alternative. Along deploying AI to optimize networks, improve customer support, locate fraud and set up information facilities, operators are increasingly more making an investment immediately within the startups growing those applied sciences. Synthetic intelligence reduces worker time beyond regulation A generative AI answer evolved through Cerebrum Tech for Doğa Sigorta is now dealing with workloads an identical to two times that of 5 workers, illustrating how synthetic intelligence is reshaping operations around the insurance coverage trade through bettering potency quite than changing experience. Banking, monetary products and services and insurance coverage are a few of the sectors being remodeled maximum impulsively through synthetic intelligence. One instance is the answer collectively evolved through Doğa Sigorta and its era spouse Cerebrum Tech to streamline inside operations and strengthen worker productiveness. The platform, referred to as ODIS (Targeted Virtual Communique Processing Machine), makes use of AI to straight away bring together responses to complicated buyer and company inquiries through bringing in combination coverage knowledge, claims histories and different related information. In keeping with Bahar Eren of Doğa Sigorta’s Data Applied sciences Division, growing insurance coverage insurance policies calls for workers to stick to a lot of complicated regulations, making the method extremely labor-intensive when treated manually. Explaining the corporate’s virtual transformation efforts, Eren mentioned Doğa Sigorta got down to create a virtual dual of those operational processes. The AI platform, evolved with Cerebrum Tech and in use for about 8 months, has considerably exceeded preliminary expectancies. “We originally implemented this application to distribute the workload of five employees,” Eren mentioned. “Today, it is capable of handling work equivalent to twice the workload of those five people on its own. That has been a tremendous achievement for us.” Knowledge stays inside of Türkiye Eren mentioned the machine has diminished the time workers spend collecting engineering and operational information to round one minute. The most important receive advantages, she added, is that workers are now not required to paintings past common place of work hours. She additionally introduced a sensible lesson for organizations embarking on equivalent AI initiatives, noting that making ready and organizing the knowledge required to coach AI fashions can take as a lot effort and time as device construction itself. Tolga Tunç, an govt at Cerebrum Tech, mentioned the corporate was once constructing agentic AI infrastructure that was once changing into immediately built-in into organizations’ day by day operations and decision-making processes. For extremely regulated industries reminiscent of finance and insurance coverage, information sovereignty is a crucial attention, he mentioned. Thru a partnership with NGN, Doğa Sigorta’s information is processed inside of a safe home infrastructure with out leaving Türkiye, he added. Income-building trade Tunç summarized the mission’s collaborative manner through announcing, “We didn’t provide Doğa Sigorta with insurance expertise – they provided us with insurance expertise, while we contributed the AI know-how.” He defined that Cerebrum Tech’s group successfully attended a crash path in insurance coverage, studying trade terminology and operational practices immediately from corporate workers sooner than growing the answer. In keeping with Tunç, some of the primary causes workers followed the platform so briefly was once that it integrates immediately into current workflows quite than requiring customers to change to split packages or interfaces. He additionally addressed the rising value of running wide AI fashions, together with {hardware} necessities and API token intake. Tunç argued that AI will have to evolve past being seen merely as an rising era and as a substitute ship measurable trade results through expanding earnings, bettering productiveness and lowering running prices. Over 70% of Turkish customers depend on AI for journey making plans Synthetic intelligence is changing into an increasingly more well-liked device for making plans vacations and work journeys, however its rising position may be growing new cybersecurity dangers. Whilst customers are turning to AI to save lots of time and in finding higher journey offers, safety mavens warn in opposition to phishing assaults, faux knowledge and the careless sharing of private information. International cybersecurity corporate Kaspersky has launched the findings of a find out about analyzing why lively AI customers are increasingly more depending on chatbots to regulate necessary duties reminiscent of holiday and journey making plans. The analysis means that AI has transform an indispensable journey assistant for plenty of shoppers, whilst highlighting the desire for better vigilance in opposition to cyber threats and incorrect information. Do not accept as true with each and every hyperlink Lately, vacationers can generate extremely customized itineraries adapted to their personal tastes in only a few clicks the use of AI-powered assistants. ![The growing role of AI in vacation and travel planning is also creating new cybersecurity risks. (Courtesy of Kaspersky)](https://idsb.tmgrup.com.tr/ly/uploads/images/2026/07/10/450325.jpg) The rising position of AI in holiday and journey making plans may be growing new cybersecurity dangers. (Courtesy of Kaspersky) Alternatively, cybersecurity mavens warning that knowledge equipped through chatbots will have to all the time be verified via depended on assets. Earlier instances have proven that vacationers who relied completely on AI-generated suggestions with out engaging in impartial analysis have encountered erroneous knowledge and journey disruptions. Some of the greatest dangers comes to links generated through AI techniques. In some instances, chatbots would possibly produce hyperlinks resulting in malicious or phishing internet sites. Mavens suggest scanning hyperlinks with respected cybersecurity answers that come with phishing coverage, reminiscent of Kaspersky Top class, sooner than clicking on them. Be wary when sharing non-public information AI is increasingly more getting used now not handiest to assemble journey knowledge but in addition to help with lodge reservations, transportation bookings and different travel-related transactions. In consequence, customers could also be requested to percentage delicate non-public knowledge, together with their identify, touch main points and cost knowledge, with AI-powered products and services. In keeping with Kaspersky’s analysis, on the other hand, many customers stay wary about entrusting their non-public information to AI techniques. In spite of the ease those equipment be offering, issues over information privateness and safety proceed to constitute some of the greatest obstacles to wider adoption of AI-driven journey making plans. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Technology **Tags:** attracts, funding, million, startup, Türkiye --- ### [Türkiye Labels Christians as ‘National Security Threats’ to Justify Mass Expulsions](https://turkbusinessnews.com/2026/07/11/turkiye-labels-christians-as-national-security-threats-to-justify-mass-expulsions/) **Published:** July 11, 2026 **Author:** spsingh **Content:** ADF Global Attorney Addresses OSCE Warsaw Human Size Convention Ecu Courtroom to Rule on Landmark Case Trying out Spiritual Freedom in Türkiye Warsaw (13 October 2025)— Talking lately on the OSCE Warsaw Human Size Convention, Lidia Rieder, Criminal Officer for ADF Global warned that the federal government of Türkiye is systematically concentrated on Christians below the guise of “national security,” expelling masses of overseas believers and leaving native congregations with out religious management. “Türkiye’s labeling of peaceful Christian residents as ‘security threats’ is a clear misuse of law and an attack on freedom of religion or belief.” – Lidia Rieder, Criminal Officer for ADF Global “Türkiye’s labeling of peaceful Christian residents as ‘security threats’ is a clear misuse of law and an attack on freedom of religion or belief,” stated Rieder, referencing the landmark case Wiest v. Türkiye recently earlier than the Ecu Courtroom of Human Rights (ECtHR). “When governments manipulate administrative or immigration systems to exclude people based solely on their faith, it undermines both the rule of law and the very principles of tolerance and peaceful coexistence that the OSCE was founded to protect.” Christians Expelled Beneath ‘Security’ Codes Since 2020, greater than 200 overseas Christian employees and their households—affecting more or less 350 folks—were expelled from Türkiye, lots of whom had lived there for many years. The Ministry of Inner has assigned those folks so-called “security codes” corresponding to N-82 and G-87, successfully banning their re-entry and classifying them as nationwide safety threats. Between December 2024 and January 2025 on my own, no less than 35 new codes have been reportedly issued in opposition to overseas Christians. Those movements have disadvantaged many Protestant congregations of pastoral management and disrupted spiritual existence around the nation. ADF Global is recently supporting over 30 prison instances on behalf of Christians difficult the arbitrary bans earlier than the Ecu Courtroom of Human Rights and the Turkish courts. Criminal Double Requirements and Discrimination Whilst Türkiye’s Charter enshrines freedom of faith and sense of right and wrong, executive follow tells a special tale. Access bans and deportations have increasingly more been used as gear to silence overseas Christian employees, whilst theological coaching stays closely limited—the historical Halki Seminary stays closed, and Protestant seminaries proceed to be denied prison standing. On the similar time, Bible schooling is against the law at the same time as Islamic theological classes are freely accredited below state oversight. Church homes additionally face unjust restrictions, with congregations such because the Bursa Protestant neighborhood being pressured out of long-standing puts of worship. Taken in combination, those practices expose a development of systemic discrimination in opposition to Christians in transparent violation of Articles 9 and 14 of the Ecu Conference on Human Rights and Türkiye’s personal constitutional promises. A Litmus Check for Spiritual Freedom The coming near near Wiest v. Türkiye judgment is anticipated to set a a very powerful precedent for the security of spiritual freedom in Europe and past. Mr. Wiest, a U.S. citizen who had resided legally in Türkiye for over 30 years, was once banned from returning with out proof of wrongdoing. His case represents the rising collection of believers punished for peacefully training their religion. “Freedom of religion cannot exist if believers live under threat of expulsion for practicing their faith,” added Rieder. “The OSCE and its participating States have pledged to promote tolerance and non-discrimination. These commitments must be upheld not only in word, but in action.” ADF Global Requires Motion In her speech on behalf of ADF Global, Rieder advised taking part States to take concrete steps to uphold their commitments to freedom of faith and trust. This contains making sure the total implementation of OSCE and world responsibilities on spiritual tolerance, fighting the misuse of administrative and safety programs to marginalize or expel spiritual minorities, and ensuring duty in addition to efficient prison treatments for sufferers of discrimination. The group additionally calls for the instant lifting of discriminatory bans and safety codes that concentrate on folks only at the foundation in their Christian religion, emphasizing that authentic tolerance calls for no longer simplest phrases of dedication however measurable motion to offer protection to the rights of all believers. In spite of constitutional promises of spiritual freedom, Türkiye’s rising spiritual nationalism has resulted in systematic restrictions on minority spiritual communities. Christians face limitations to worship, schooling, and management, in addition to ongoing state surveillance and deportation campaigns. ADF Global continues to recommend for the rights of Christians in Türkiye and international, protecting the primary that freedom of faith is the root of each and every loose society. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Press Release **Tags:** Christians, Expulsions, Justify, Labels, Mass, National, security, Threats, Türkiye --- ### [Microsoft to slash hundreds of jobs in third main layoff spherical: Record](https://turkbusinessnews.com/2026/07/11/microsoft-to-slash-hundreds-of-jobs-in-third-main-layoff-spherical-record/) **Published:** July 11, 2026 **Author:** spsingh **Content:** Microsoft plans to announce process cuts quickly so as to regulate prices, other people accustomed to the subject instructed Trade Insider on Wednesday. Whilst cuts are projected to be lower than 2.5% of the corporate’s 220,000-person team of workers, they might nonetheless have an effect on hundreds of staff operating in gross sales, consulting and the Xbox gaming department. The corporate is making plans to announce the layoffs subsequent week, even if the precise timing may just alternate. Some affected staff will probably be presented new roles in an instant, one of the crucial assets instructed Trade Insider. The transfer would mark Microsoft’s 3rd main spherical of layoffs in simply over a yr, after the corporate lower 6,000 jobs final Would possibly and some other 9,000 — 4% of its team of workers — final July. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Business **Tags:** 3rd, jobs, layoff, major, Microsoft, Report, slash, thousands --- ### [US senators say Türkiye’s go back to F-35 program would get advantages NATO’s protection capability](https://turkbusinessnews.com/2026/07/11/us-senators-say-turkiyes-go-back-to-f-35-program-would-get-advantages-natos-protection-capability/) **Published:** July 11, 2026 **Author:** spsingh **Content:** US senators stated Türkiye’s imaginable go back to the F-35 fighter jet program can be a good step for each Ankara and Washington whilst stressing the want to enhance NATO’s protection trade capability. Talking to newshounds at the sidelines of the thirty sixth NATO Heads of State and Govt Summit, Jeanne Shaheen, Rating Member of america Senate Overseas Members of the family Committee and Co-Chair of the Senate NATO Observer Workforce, stated the problem may just transfer ahead if an answer is located to deal with considerations over Türkiye’s acquisition of the Russian S-400 air protection machine. She recalled that Türkiye was once got rid of from the F-35 program after its acquire of the machine. Shaheen stated Türkiye’s go back to this system can be sure for each Türkiye and america if an answer gets rid of the risk posed via the S-400 machine to F-35 generation and if both sides can achieve an settlement. “We still have questions to answer with respect to what’s being proposed, and we haven’t gotten those answers,” she stated, including: “So we will wait and see what happens.” Requested via Anadolu about US-Türkiye members of the family, Shaheen stated complaint of Türkiye exists in america Senate however that Congress perspectives the connection with Türkiye undoubtedly, specifically on account of its position in NATO. She stated there may be robust consciousness in Congress of the significance of Türkiye’s protection trade infrastructure and its contribution to the alliance. SUMMIT TAKING PLACE AT ‘CONSEQUENTIAL TIME’ Shaheen additionally stated the NATO summit is going down at a consequential time, including that she was hoping discussions would reaffirm the alliance’s recommitment to Ukraine. “The momentum is on the side of Ukraine at this point, and we need to do everything possible to ramp up pressure on Russia to come to the negotiating table and to get a deal,” she stated. She famous that every one NATO allies have met the two% protection spending goal and stated protection expenditures in 2025 by myself rose 20% when compared with the former 12 months. Shaheen added that many NATO allies are bearing in mind contributing to mine-clearing actions within the Strait of Hormuz, pronouncing such enhance would even be vital for efforts to finish the warfare with Iran via negotiations. Sen. Mike Rounds stated NATO representatives he met throughout the summit stated that their international locations will have to do extra and supply extra investment for their very own protection. TÜRKİYE IMPORTANT CONTRIBUTOR TO NATO Rounds stated Türkiye is a very powerful contributor to NATO, including that strengthening its features would get advantages the alliance. “Anything we can do to provide them with the resources to be an even stronger adversary with regard to incursions by Russia in Europe, the better off we all are. One of those is to have that tool of the F-35,” he stated. He stated NATO has gone through main adjustments since Russia attacked Ukraine and that strengthening the alliance’s protection commercial base must be amongst its best priorities. Rounds stated all allies are wanted on this effort, including that Washington needs Türkiye, in conjunction with different NATO participants, to give a contribution to the expansion of the alliance’s protection commercial infrastructure. “They (Türkiye) were one of the countries selected to participate originally in the manufacturing of the F-35 fighter. That shows a strong competency in technological areas that provided that award to them in the first place,” he stated. ‘NATO IS ALIVE AND WELL’ Sen. Dick Durbin stated the summit demonstrated that enhance for NATO isn’t restricted to america. “NATO is alive and well,” he stated. Durbin stated enhance for Ukraine in opposition to Russia’s assaults would proceed with decision. “There is an unequivocal commitment to the prevailing of Ukraine against the invasion of (Russian President) Vladimir Putin. No ifs, ands or buts about it,” he stated. He added that Ukraine has accomplished important positive aspects via successfully the usage of technological inventions, specifically in fresh months, because the warfare has persevered for greater than 4 years. ‘MORE WORK TO DO ON CO-PRODUCTION’ Sen. Chris Coons stated allies have made hanging development since closing 12 months’s NATO summit in The Hague within the spaces of protection and the availability of ammunition wanted via Ukraine. “Europe is rapidly rearming and investing in modernizing their defense industrial base,” Coons stated. “We have more work to do on co-production.” Coons stated he was hoping the NATO 3.0 thought would increase in a measured, methodical and slow excess of the following a number of years. “At a time when our adversaries are coming closer together, equipping, training, sharing military technology, we need NATO more than ever,” he stated. He stated Türkiye’s protection trade capability was once on show throughout the summit and described the assembly as a good building. Coons added that the summit additionally presented a very powerful alternative to triumph over a longstanding factor within the strategic courting between the 2 international locations. US Rep. Mike Turner, head of america delegation to the NATO Parliamentary Meeting, stated protection price range measures into consideration in Congress obviously exhibit enhance for each NATO and Ukraine. “We have not walked away from Ukraine,” Turner stated, including that Washington continues to paintings each day to enhance Kyiv. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** National **Tags:** benefit, capacity, defense, F35, NATOs, program, return, senators, Türkiyes --- ### [Zelensky proclaims reform of attack troops after abuse scandal](https://turkbusinessnews.com/2026/07/11/zelensky-proclaims-reform-of-attack-troops-after-abuse-scandal/) **Published:** July 11, 2026 **Author:** spsingh **Content:** Ukrainian President Volodymyr Zelensky on Friday introduced a reform of the rustic’s attack forces following a scandal over the deaths of army recruits all over elementary coaching. “There are many questions and problems that need to be resolved, particularly when it comes to dealing with personnel,” Zelensky stated in his nightly video cope with. He stated legal investigations had been beneath method and that adjustments would even be made to the management of the attack forces. The announcement follows media stories in June that greater than two dozen recruits died all over elementary coaching with the 425th Separate Attack Regiment Skelya over a 6-month duration. In keeping with the stories, the recruits had been overwhelmed, humiliated and another way abused. Identical practices have additionally been reported in different gadgets, in particular involving conscripts who had been forcibly mobilized. Ukraine has been protecting itself towards Russia’s full-scale invasion for greater than 4 years. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** International **Tags:** abuse, announces, assault, reform, scandal, troops, Zelensky --- ### [GTR Türkiye 2026 Istanbul](https://turkbusinessnews.com/2026/07/11/gtr-turkiye-2026-istanbul/) **Published:** July 11, 2026 **Author:** spsingh **Content:** Evaluate Media Equipment Audio system Sponsors Venue Touch us Information E book › Construction at the luck of its record-breaking 2025 occasion which welcomed over 540 attendees, GTR Türkiye returns to Istanbul on October 20 to assemble exporters, SMEs, producers, banks, ECAs, DFIs and policymakers for the rustic’s main business and export amassing. Supported by way of the trade’s key economic establishments, carrier suppliers and executive our bodies, this one-day discussion board brings in combination the experience and connections you wish to have to construct strategic partnerships, acquire treasured marketplace intelligence and carry your aggressive place. That includes one of the most sharpest minds available in the market, our panel discussions will discover the newest tendencies in company business financing, possibility control and treasury methods, SME operating capital answers in addition to managing working, FX and provide chain pressures and the way Turkish corporations can navigate world festival and equip themselves with the insights had to keep forward of trade tendencies. GTR seems ahead to seeing you in Istanbul! Tournament options: 10+ exhibitors 4+ hours of networking alternatives with key stakeholders within the trade Remarkable experience from 40+ audio system who’re lively available in the market Remarkable content material on subjects and areas lined Alternative to time table conferences and change industry playing cards Night beverages reception ![](https://www.gtreview.com/wp-content/uploads/2025/10/DGU9616-1-1024x683.jpg "-") 2025 occasion discussions integrated: Rising flarepoints and Turkiye in a moving business panorama Turkiye’s export outlook and optimising company technique Agile operating capital answers for SMEs and corporates Increasing the home financial institution and FI liquidity ecosystem Business volatility and cashflow, cost and provide chain answers The outlook for brand spanking new business linkages and diversifying exports “A very good event for hearing real life experiences from different windows on foreign trade finance.” O Topal, Emre Ecza İlaç Aşı Sanayi Ticaret ve Dan. Restricted Şti. “A high quality event, very professional and a very good networking opportunity.” A Balaceanli, Diot Siaci “An excellent event for key trade finance and cash management players to get together!” Z Akishalioglu, Burgan Financial institution “Very targeted and on spot topics, great speakers, good networking opportunities.” C Sen, Erdem & Erdem Legislation Company “Excellent forum to exchange developments related to trade, trade finance and their challenges as well as future directions.” A Nigmatov, ITFC “A very good opportunity to understand the financing and trade country and worldwide.” S Yurtbay, FB Crew “Very good streams, excellent networking, great themes. Thanks for everything!” Okay Gezer, Koruma Klor Alkali “GTR Turkiye had a well structured agenda with quality speakers. It was a good opportunity to meet industry experts, exchange views and share experiences.” S Keçecioğlu, C2FO “GTR Turkiye 2025 event was wonderful in many aspects! The panels covered almost all aspects of trade finance and it was very useful in terms of making appointments with companies. It was the best GTR event I have ever attended.” S Doğu Duran, Akbank The area’s premier annual business and export finance occasion guarantees a complete day of discussion and dialogue on quite a lot of problems and issues. We’re within the procedure of creating our schedule for 2026! Obtain the pre-event media package underneath for extra main points. ![](https://www.gtreview.com/wp-content/uploads/2025/07/Brochure-download-icon_3-140x100-1.png "-") The development guarantees to glue you with all corners of the marketplace, from native and world banks to multinational firms and SMEs, fintechs and choice financiers, commodity agents and investors, insurers and possibility managers, attorneys, specialists, ECAs, multilaterals and extra! Don’t omit the chance to realize complete insights and new views from over 50 audio system actively concerned available in the market. We’re in procedure of creating our schedule for 2026 and audio system shall be introduced nearer to the day of the development! Sponsorship alternatives Senior Sponsorship Gross sales Supervisor Charlotte Brown at cbrown@gtreview.com 10% Early Reserving cut price – September 18, 2026 Early reserving cut price to be had for brand spanking new registrations simplest and no longer along side further reductions. 10% is mechanically processed right through on-line checkout or with a GTR crew member. Younger Execs Move – Restricted loose tickets to be had Reserving your home at GTR Türkiye 2026 Company price – €249Available to non-financial firms, together with exporters, importers, vendors, producers, investors, and manufacturers of bodily items and merchandise. Same old price – €699Applies to economic establishments, specialists, prison pros, insurance coverage agents, and different economic carrier suppliers. Further Data Early reserving cut price: A ten% aid is mechanically implemented to bookings made up till September 18, 2026. Sponsor codes: If you’re the usage of a sponsor or visitor code, please upload your referral code and proceed to make a choice a move sort. By way of reserving, you comply with GTR’s Phrases & Stipulations, together with the Fee and Cancellation Coverage. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Finance **Tags:** GTR, Istanbul, Türkiye --- ### [Riding Sustainable Mobility: ZF Gifts Its Newest Applied sciences at Busworld Türkiye](https://turkbusinessnews.com/2026/07/11/riding-sustainable-mobility-zf-gifts-its-newest-applied-sciences-at-busworld-turkiye/) **Published:** July 11, 2026 **Author:** spsingh **Content:** ZF will provide its newest applied sciences to beef up environment friendly, protected and sustainable other people mobility on the busworld Türkiye display, held in Istanbul June 17-19, 2026. With a complete portfolio spanning electrified drivelines and virtual answers on display, ZF will display the way it allows producers and fleet operators to cut back the full value of possession, whilst assembly numerous regulatory and operational necessities. Leistungsstark und effizient: Die speziell für Niederflurbusse entwickelte elektrische Portalachse AxTrax 2 LF liefert eine Dauerleistung von bis zu 360 kW und damit doppelt so viel wie ihr Vorgängermodell bei nahezu gleichem Gewicht.//Robust and environment friendly: the AxTrax 2 LF electrical portal axle in particular designed for low ground buses, delivers as much as 360 kW steady energy, double that of its predecessor for roughly the similar weight. © ZF Türkiye represents an increasingly more essential marketplace and production hub for ZF, the place it helps the wishes of contemporary home and export‑orientated bus producers generating within the nation. With a powerful native presence, virtual experience, built-in protection and driveline programs, ZF is an extended‑time period spouse for the sustainable construction of Türkiye’s bus marketplace. AxTrax 2 LF and E-Comp Scroll: Applied sciences That Toughen Electrification ZF will exhibit the AxTrax 2 LF electrical portal axle for town buses. When put next with its predecessor, the machine delivers moderate power intake financial savings of 20 p.c in SORT (Standardized On-Street Check) cycles, permitting operators to cut back battery capability necessities or expanding car vary. The axle is additional enhanced with a ZF well being take a look at tool. The well being take a look at tool as a carrier analyzes e‑power information remotely to permit situation tracking and early fault detection, bettering car availability, and reducing overall working prices. ZF will even display its newest air compressor era for electrical business cars. Designed for medium‑ and heavy‑responsibility hybrid, battery‑electrical and gas‑mobile cars, the oil-free compressor e-comp Scroll makes use of interlocking scrolls to generate compressed air whilst generating very low ranges of noise and vibration. At a nominal working level of 250 liters in line with minute, noise emissions are restricted to round 67 dB(A), supporting NVH (Noise, Vibration, Harshness) necessities that develop into extra outstanding as electrified business cars develop quieter. ADAS and GSR II Applied sciences Within the house of lively protection, ZF will provide its Common Protection Law (GSR) compliant complex motive force help programs suite for buses. The scalable ADAS portfolio integrates digital camera, radar and tool purposes to incorporate Clever Velocity Lend a hand, Blind Spot Data and Motive force Drowsiness Caution. Those programs improve protection for drivers, passengers and prone highway customers whilst supporting compliant and environment friendly bus operations. Virtual Telematics ZF will even spotlight ZF Bus Attach, its devoted telematics resolution for buses. With versatile product programs and in depth integration choices, ZF Bus Attach supplies actual time car information and operational transparency. The telematics purposes are in particular evolved for bus packages, enabling operators and producers to observe car standing, optimize fleet efficiency whilst supporting predictive repairs methods. Newest implementations quilt in depth battery analytics in addition to situation tracking for ZF drivetrain answers such because the AxTrax 2 LF. The ZF sales space at busworld Turkiye may also be present in Corridor 2, stand A02. The click convention of ZF shall be hung on June 17 at 4 p.m. This text used to be in the beginning printed by means of ZF. Tags Merchandise & Services and products ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Technology **Tags:** Busworld, Driving, Latest, Mobility, Presents, Sustainable, Technologies, Türkiye --- ### [New historic ape from Türkiye demanding situations the tale of human origins](https://turkbusinessnews.com/2026/07/11/new-historic-ape-from-turkiye-demanding-situations-the-tale-of-human-origins/) **Published:** July 11, 2026 **Author:** spsingh **Content:** symbol: A brand new face and partial mind case of Anadoluvius turkae, a fossil hominine – the gang that comes with African apes and people – from the Çorakyerler fossil web site positioned in Central Anatolia, Türkiye. view extra Credit score: Sevim-Erol, A., Begun, D.R., Sözer, Ç.S. et al. A brand new fossil ape from an 8.7-million-year-old web site in Türkiye is difficult long-accepted concepts of human origins and including weight to the speculation that the ancestors of African apes and people advanced in Europe earlier than migrating to Africa between 9 and 7 million years in the past. Research of a newly recognized ape named Anadoluvius turkae recovered from the Çorakyerler fossil locality close to Çankırı with the improve of the Ministry of Tradition and Tourism in Türkiye, displays Mediterranean fossil apes are various and are a part of the primary identified radiation of early hominines – the gang that comes with African apes (chimpanzees, bonobos and gorillas), people and their fossil ancestors. The findings are described in a find out about revealed as of late in Communications Biology co-authored through a world group of researchers led through Professor David Begun on the College of Toronto (U of T) and Professor Ayla Sevim Erol at Ankara College. “Our findings further suggest that hominines not only evolved in western and central Europe but spent over five million years evolving there and spreading to the eastern Mediterranean before eventually dispersing into Africa, probably as a consequence of changing environments and diminishing forests,” stated Begun, professor within the Division of Anthropology within the School of Arts & Science at U of T. “The members of this radiation to which Anadoluvius belongs are currently only identified in Europe and Anatolia.” The belief is according to research of a considerably well-preserved partial skull exposed on the web site in 2015, which incorporates lots of the facial construction and the entrance a part of the mind case. “The completeness of the fossil allowed us to do a broader and more detailed analysis using many characters and attributes that are coded into a program designed to calculate evolutionary relationships,” stated Begun. “The face is mostly complete, after applying mirror imaging. The new part is the forehead, with bone preserved to about the crown of the cranium. Previously described fossils do not have this much of the brain case.” The researchers say Anadoluvius used to be in regards to the measurement of a giant male chimpanzee (50-60 kg) – very massive for a chimp and just about the typical measurement of a feminine gorilla (75-80 kg) – lived in a dry woodland surroundings, and most certainly spent quite a lot of time at the flooring. “We have no limb bones but judging from its jaws and teeth, the animals found alongside it, and the geological indicators of the environment, Anadoluvius probably lived in relatively open conditions, unlike the forest settings of living great apes,” stated Sevim Erol. “More like what we think the environments of early humans in Africa were like. The powerful jaws and large, thickly enameled teeth suggest a diet including hard or tough food items from terrestrial sources such as roots and rhizomes.” The animals that lived with Anadoluvius are the ones often related to African grasslands and dry forests as of late, comparable to giraffes, wart hogs, rhinos, various antelopes, zebras, elephants, porcupines, hyaenas and lion-like carnivores. Analysis displays that the ecological neighborhood seems to have dispersed into Africa from the japanese Mediterranean someday after about 8 million years in the past. “The founding of the modern African open country fauna from the eastern Mediterranean has long been known and now we can add to the list of entrants the ancestors of the African apes and humans,” stated Sevim Erol. The findings identify Anadoluvius turkae as a department of the a part of the evolutionary tree that gave upward thrust to chimpanzees, bonobos, gorillas and people. Even if African apes as of late are simplest identified from Africa, as are the earliest identified people, the find out about’s authors – which additionally come with colleagues at Ege College and Pamukkale College in Türkiye and the Naturalis Biodiversity Middle in The Netherlands – conclude that the ancestors of each got here from Europe and the japanese Mediterranean. Anadoluvius and different fossil apes from within sight Greece (Ouranopithecus) and Bulgaria (Graecopithecus) shape a bunch that come closest in lots of main points of anatomy and ecology to the earliest identified hominins, or people. The brand new fossils are the best-preserved specimens of this team of early hominines and give you the most powerful proof so far that the gang originated in Europe and later dispersed into Africa. The find out about’s detailed research additionally unearths that the Balkan and Anatolian apes advanced from ancestors in western and central Europe. With its extra complete knowledge, the analysis supplies proof that those different apes have been additionally hominines and signifies that it’s much more likely that the entire team advanced and varied in Europe, relatively than the other situation wherein separate branches of apes previous moved independently into Europe from Africa over the process a number of million years, after which went extinct with out factor. “There is no evidence of the latter, though it remains a favorite proposal among those who do not accept a European origin hypothesis,” stated Begun. “Those findings distinction with the long-held view that African apes and people advanced completely in Africa. Whilst the stays of early hominines are considerable in Europe and Anatolia, they’re utterly absent from Africa till the primary hominin gave the impression there about seven million years in the past. “This new evidence supports the hypothesis that hominines originated in Europe and dispersed into Africa along with many other mammals between nine and seven million years ago, though it does not definitively prove it. For that, we need to find more fossils from Europe and Africa between eight and seven million years old to establish a definitive connection between the two groups.” Magazine Communications Biology Approach of Analysis Imaging research Matter of Analysis Now not appropriate Article Identify A brand new ape from Türkiye and the radiation of past due Miocene hominines Article E-newsletter Date 23-Aug-2023 COI Remark The authors claim no competing pursuits. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Press Release **Tags:** ancient, ape, challenges, human, origins, story, Türkiye --- ### [Euro house unemployment stable at 6.2% in Might](https://turkbusinessnews.com/2026/07/11/euro-house-unemployment-stable-at-6-2-in-might/) **Published:** July 11, 2026 **Author:** spsingh **Content:** The euro house unemployment fee stood at 6.2% in Might, unchanged from April and down from 6.3% in the similar month final yr, Eurostat stated Thursday. The EU’s unemployment fee used to be additionally strong month-on-month at 5.9%, when compared with 6% in Might 2025, consistent with the bloc’s statistical administrative center. Eurostat estimated that 13.16 million other people have been unemployed around the EU in Might, together with 10.99 million within the euro house. In comparison with April, the collection of unemployed other people fell via 40,000 within the EU and via 55,000 within the euro house. On an annual foundation, unemployment lowered via 82,000 within the EU and via 158,000 within the euro house. Early life unemployment remained increased. In Might, 2.92 million other people underneath the age of 25 have been unemployed within the EU, together with 2.31 million within the euro house. The adolescence unemployment fee rose fairly to fifteen.2% within the EU from 15.1% in April, whilst it used to be strong at 14.7% within the euro house. Amongst main euro house economies, Spain recorded one of the vital very best general unemployment charges at 10.3%, adopted via France at 8.2% and Greece at 8.1%. Germany’s unemployment fee used to be 3.8%, whilst Italy’s fee fell to five%. Through gender, the unemployment fee for ladies within the EU used to be strong at 6.2%, whilst the speed for males slipped to five.7% from 5.8% in April. Within the euro house, girls’s unemployment fell to six.4% from 6.5%, whilst males’s unemployment declined to six% from 6.1%. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Business **Tags:** area, Euro, steady, unemployment --- ### [Türkiye welcomes Trumps CAATSA remarks, calls NATO summit historical](https://turkbusinessnews.com/2026/07/11/turkiye-welcomes-trumps-caatsa-remarks-calls-nato-summit-historical/) **Published:** July 11, 2026 **Author:** spsingh **Content:** Türkiye’s Nationwide Protection Ministry on Thursday described the NATO summit held in Ankara as a “historic gathering” the place allies comprehensively addressed present safety threats and evaluated strategic selections geared toward strengthening the alliance’s collective deterrence and protection functions. Talking on the ministry’s weekly press briefing on the Ay Yildiz Joint Headquarters in Ankara, ministry spokesperson Zeki Akturk stated the thirty sixth NATO Heads of State and Govt Summit was once held inside the framework of a “360-degree security approach.” The spokesperson additionally welcomed US President Donald Trump’s remarks on CAATSA (Countering The usa’s Adversaries Thru Sanctions Act) sanctions reduction. “The summit was a historic gathering where the alliance’s current threats were comprehensively addressed and strategic decisions aimed at strengthening collective deterrence and defense capabilities were evaluated,” Akturk stated. He stated the summit strengthened harmony amongst allies, helped broaden a shared imaginative and prescient for the evolving safety surroundings, and reinforced the typical option to safety around the Euro-Atlantic area. Regarding the Protection Business Discussion board and the reception for NATO protection ministers hosted by means of Turkish Protection Minister Yasar Guler at the sidelines of the summit, Akturk stated the occasions promoted joint manufacturing and technological cooperation amongst allies whilst showcasing Türkiye’s top technological functions, robust manufacturing capability, and cutting edge imaginative and prescient within the protection trade. He stated Türkiye would proceed contributing to world peace, safety, and steadiness as a competent and accountable NATO best friend thru its robust army, rising home protection trade, lively protection international relations, and multidimensional overseas coverage. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** National **Tags:** CAATSA, calls, historic, NATO, remarks, summit, Trumps, Türkiye, welcomes --- ### [Israeli military making ready to withdraw from portions of southern Lebanon inside days: File](https://turkbusinessnews.com/2026/07/11/israeli-military-making-ready-to-withdraw-from-portions-of-southern-lebanon-inside-days-file/) **Published:** July 11, 2026 **Author:** spsingh **Content:** The Israeli military is making ready to withdraw inside days from spaces in southern Lebanon underneath a framework settlement, forward of a brand new spherical of negotiations between Beirut and Tel Aviv in Rome. Israel’s public broadcaster KAN mentioned Friday night that “the Israeli army intends to withdraw from some pilot areas in southern Lebanon in parallel with the negotiating session between the Lebanese and Israeli sides in Rome.” Beirut and Tel Aviv signed a US-sponsored framework settlement on June 26 offering for a steady Israeli withdrawal from all occupied Lebanese territory, starting with two preliminary spaces that weren’t recognized within the settlement. KAN claimed that the deliberate withdrawal follows US and Lebanese calls for that Israel evacuate the spaces ahead of the following negotiating spherical, with out specifying their places. The 6th spherical of Lebanese-Israeli negotiations, underneath US sponsorship, is scheduled to happen in Rome subsequent Tuesday and Wednesday. In a separate file, KAN mentioned the Israeli executive had steered the military to freeze all operations labeled as “sensitive” in southern Lebanon at Washington’s request. The framework settlement didn’t set a particular timetable for the withdrawal. Its implementation was once connected to the Lebanese military assuming complete safety duty in spaces vacated by way of Israel and the disarmament of armed teams, specifically Hezbollah, which has rejected the availability. Israel occupies spaces in southern Lebanon and maintains what it calls a “security zone,” a buffer strip extending a number of kilometers into Lebanese territory alongside the border. It established the zone right through its newest conflict with Hezbollah in 2024-2025. Israel additional expanded its presence within the space after escalating army offensives starting March 2, a transfer Lebanon considers a contravention of its sovereignty and an career of portions of its southern territory. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** International **Tags:** army, days, Israeli, Lebanon, parts, preparing, Report, southern, withdraw --- ### [New US sanctions reveal Turkey’s position in Hezbollah’s coins pipeline, sanctions evasion - Nordic Observe](https://turkbusinessnews.com/2026/07/11/new-us-sanctions-reveal-turkeys-position-in-hezbollahs-coins-pipeline-sanctions-evasion-nordic-observe/) **Published:** July 11, 2026 **Author:** spsingh **Content:** Abdullah Bozkurt/Stockholm Recent sanctions unveiled through the United States Treasury on February 10 have uncovered how Turkey has as soon as once more emerged as a logistical and business hub for Hezbollah’s efforts to evade global sanctions, generate income and maintain its militant operations around the Heart East, emphasizing Ankara’s chronic failure to curb unlawful networks working on its territory. The Administrative center of Overseas Property Keep an eye on (OFAC) stated the measures goal two core monetary lifelines that Hezbollah depends on to live on mounting global force: a gold-for-cash operation run thru a entrance corporate managed through the crowd’s shadow banking arm, al-Qard al-Hassan (AQAH), and a global procurement and transport community that exploits regional business routes, together with thru Turkey, to transport Iranian items and generate thousands and thousands of bucks in income for the Iran-backed group. US officers described Hezbollah as a unbroken risk to regional balance, caution that the crowd has tailored to monetary isolation through embedding itself in casual economies, commodity business and opaque transport networks that span Iran, Lebanon, Turkey, Syria and Russia. The newest sanctions display how Turkish-registered firms and Turkey-based logistics channels have turn into a part of this infrastructure. The present Islamist executive of Turkey, led through the anti-Israel President Recep Tayyip Erdogan, hasn’t ever taken any motion to curb this unlawful investment for Hezbollah. To the contrary, it has allowed the militant group to faucet into Turkey’s industry infrastructure, together with the monetary, banking and logistics sectors. The truth that US-sanctioned firms proceed to function in Turkey tells the story. In step with the Treasury, Hezbollah financiers used Turkey-based buying and selling corporate Platinum Workforce World Dış Ticaret Restricted Şirketi to facilitate the export of thousands and thousands of bucks’ value of Iranian fertilizer to Turkey in overdue 2025 through falsifying transport paperwork and misrepresenting the foundation of the shipment as Oman. The scheme was once designed to circumvent sanctions on Iranian exports whilst producing coins for Hezbollah’s operations. Platinum Workforce was once established in August 2024 through Turkish nationwide Murat Aslan with capital of 30 million Turkish lira. Authentic business registry document of Platinum Workforce World Dış Ticaretb Restricted Şirketi: The community additionally depended on Turkey-based Sea Surf Transport Restricted, which owned the Saint Kitts and Nevis-flagged shipment vessel LARA, to transport sanctioned items as a part of a broader transport chain related to the Islamic Progressive Guard Corps-Quds Drive and Hezbollah-affiliated Syrian businessman Abdul Jalil Mallah. The fertilizer shipment was once loaded onto the Panama-flagged BRILLIANCE, owned through Panama-based Brilliance Maritime Ventures S.A., an organization the Treasury stated was once a part of a fleet in the past controlled through the IRGC-QF and Hezbollah-linked pursuits. US government stated the operation was once coordinated through Hezbollah’s Iran-based finance staff member Ali Qasir, running along a internet of sanctioned facilitators around the area. Those integrated Samer Kasbar, the director of Hezbollah entrance corporate Hokoul SAL Offshore; Syrian businessman Yaser Husayn Ibrahim; and Russian nationwide Andrey Viktorovich Borisov, who has been running from Moscow with Hezbollah-linked Turkish buying and selling corporate Mira İhracat İthalat Petrol to obtain guns and transfer commodities. In step with business registry knowledge reviewed through Nordic Observe, Mira İhracat İthalat Petrol Ürünleri Sanayi Ticaret Restricted Şirketi (Mira) was once established in December 2018 in Istanbul through Ibrahim Talal al-Uwayr, who later assumed the Turkish identify İbrahim Ağaoğlu after turning into a Turkish citizen, with preliminary capital of 500,000 Turkish lira. Mira’s actions are overseen through Iran-based, US-designated Hizballah finance facilitator Ali Qasir. In March 2021 the corporate was once transferred to Syrian nationwide Rana Alwarea. In September 2024 the capital was once larger to 7.5 million Turkish lira. Through designating the Turkish corporations and transport firms concerned, Washington signaled that Turkey’s territory and company registry are once more being exploited through sanctioned networks to launder business flows, transfer limited items and cover the foundation of Iranian exports. Turkish President Recep Tayyip Erdogan meets with Iranian President Masoud Pezeshkian in Cairo all over the D-8 Summit in December 2024. The case provides to a rising frame of proof appearing that Hezbollah and Iranian networks have used Turkey as a transit level and business platform, continuously profiting from a loss of enforcement through the Erdogan executive, lax company oversight and restricted scrutiny of transport and business intermediaries. This isn’t the primary time Ankara’s territory and business infrastructure have seemed in Hezbollah-linked cash actions. In Might 2025 Nordic Observe reported that Israel lodged a proper criticism to the United International locations Safety Council accusing Turkey of performing as a monetary conduit for Hezbollah, together with explicit flights that originated in Turkey and allegedly carried coins destined for the militant group in February 2025. Israel’s criticism cited two business flights that landed in Beirut in early February 2025 with suitcases allegedly stuffed with coins meant for Hezbollah, a transaction that looks to prefigure the Treasury’s findings about Turkey’s involvement in sanctions-busting monetary channels. In conjunction with the Turkey-linked community, OFAC sanctioned Lebanese gold change corporate Jood SARL, which operates beneath the supervision of AQAH, Hezbollah’s monetary arm that masquerades as an authorized NGO whilst offering banking-like products and services to the crowd. US officers stated AQAH established a series of gold buying and selling firms to transform Hezbollah’s reserves into usable coins to offset liquidity pressures in 2025, with Jood functioning as a key node in that device. Senior AQAH officers, together with Mohamed Nayef Maged and Ali Karnib, have been known as co-owners and bosses of Jood, which operates branches in Hezbollah strongholds in Beirut, the Bekaa Valley and Nabatiyeh. The Treasury stated the association was once designed to hide Hezbollah’s monetary flows and deal with get admission to to coins in spite of global sanctions. The business registry of Mira İhracat İthalat Petrol Ürünleri Sanayi Ticaret Restricted Şirketi finds that Ibrahim Talal al-Uwayr bought Turkish citizenship and assumed the Turkish identify of İbrahim Ağaoğlu: The sanctions bundle freezes any US-linked property of the designated folks and firms and exposes overseas banks and intermediaries to secondary sanctions in the event that they proceed doing industry with them. Treasury officers warned that monetary establishments facilitating transactions for the sanctioned entities may face critical consequences, together with restrictions on get admission to to the United States monetary device. The revelations underscore how Hezbollah, subsidized through Iran, has diverse its income streams past conventional donations and criminality, embedding itself in commodity buying and selling, transport and casual finance networks that reduce throughout a couple of jurisdictions. Turkey’s look on this community highlights Ankara’s continual unwillingness to dismantle sanction-busting operations that function overtly thru Turkish-registered firms and ports. Regardless of being a NATO member and a US best friend on paper, Turkey has many times surfaced in US and Ecu investigations into Iranian and Hezbollah-linked sanctions evasion, unlawful business and monetary crime. The newest designations upload to rising global scrutiny of Turkey’s position as a permissive surroundings for networks tied to sanctioned actors, militant teams and arranged crime figures working on the intersection of geopolitics and illicit finance. For Washington, the sanctions are meant no longer best to punish Hezbollah and its facilitators but in addition to force nations whose company and transport infrastructure is being exploited through sanctioned networks. Whether or not Ankara will transfer to research and dismantle the Turkish firms named within the Treasury’s motion stays an open query, given Turkey’s lengthy document of turning a blind eye to unlawful business tied to Iranian and Islamist militant networks. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Finance **Tags:** cash, evasion, expose, Hezbollahs, Monitor, Nordic, pipeline, role, sanctions, Turkeys --- ### [Renault Boreal manufacturing strikes to Türkiye with E-Tech hub | Car Global](https://turkbusinessnews.com/2026/07/11/renault-boreal-manufacturing-strikes-to-turkiye-with-e-tech-hub-car-global/) **Published:** July 11, 2026 **Author:** spsingh **Content:** Opening manufacturing in Türkiye is much less about gaining access to one marketplace and extra about construction a regional export platform Renault is opening a moment Boreal manufacturing hub at its Bursa plant in Türkiye, extending the C-segment SUV’s commercial base past the Curitiba facility in Brazil. The Bursa website introduces the brand new complete hybrid E-Tech 160 hp powertrain and can export to Japanese Europe, the Center East and Africa. Boreal introduced in Latin The us in 2025 as a globally advanced C-segment SUV, deployed throughout a number of markets from its Brazilian hub. The Türkiye enlargement marks its first manufacturing base out of doors the Americas. In a commentary, Ivan Segal, Head of Gross sales and Operations, Renault Logo, mentioned: “Boreal now enters a new phase of commercial deployment. Production in Bursa will enable us to address the Turkish market, Renault’s second-largest market worldwide, while opening up exports to a group of markets across Eastern Europe, the Middle East and Africa. With strong product appeal and a competitive industrial footprint, it will support our presence in the high-value C-SUV segment across our international markets.” The entire hybrid E-Tech 160 hp returns 108 g/km CO2 and four.8 l/100 km (WLTP), enabling as much as 80% city electrical riding. A 1.3 TCe EDC 145 hp petrol choice additionally launches, with an E-Tech 4×4 150 hp variant for This fall 2026. Lionel Jaillet, Leader Government Officer of Renault Team Türkiye, added: “We are very proud to introduce Boreal to the Turkish market. Being manufactured at our OYAK Renault facility in Bursa will both support domestic demand and strengthen Türkiye’s position in the global automotive ecosystem by contributing to our export targets.” Why this issues: • The twin-hub manufacturing technique is the tale, no longer the fashion itself. Brazil for Latin The us, Türkiye for Japanese Europe, the Center East and Africa: Renault is construction regional production proximity into the Boreal’s structure from the outset fairly than exporting from a unmarried Ecu plant. That manner reduces logistics prices, insulates the fashion from forex volatility and tariff publicity, and provides Renault the operational agility to evolve specs by means of marketplace with out disrupting a centralised manufacturing line. This is a planned reaction to the lesson that Ecu-centric production has grow to be a industrial legal responsibility in fast-growing rising markets. • Introducing the brand new 160hp E-Tech complete hybrid powertrain first in Türkiye fairly than Europe is a significant sequencing selection. Renault’s house marketplace electrification technique is increasingly more BEV-focused, however the markets Boreal is focused on—Turkey, the Center East, North Africa, Japanese Europe—have restricted charging infrastructure and robust shopper choice for acquainted powertrain era. Launching the overall hybrid right here first displays a realistic learn of the place electrification is commercially viable out of doors Western Europe, and positions Renault forward of competition nonetheless providing handiest petrol variants in the ones markets. • Türkiye is Renault’s second-largest marketplace globally. The OYAK Renault facility has lengthy been a cornerstone of the crowd’s global production footprint, and anchoring a brand new world nameplate there reinforces that courting at a second when Renault is rationalising its Ecu commercial base. Boreal’s good fortune in Turkey will topic to the Bursa plant’s long-term viability up to its export contribution to the broader regional rollout. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Technology **Tags:** Automotive, Boreal, ETech, hub, moves, production, Renault, Türkiye, World --- ### [Say Good-bye to a Dry Thanksgiving: Introducing Cup Noodles New Turkey Dinner and Pumpkin Pie Flavors](https://turkbusinessnews.com/2026/07/11/say-good-bye-to-a-dry-thanksgiving-introducing-cup-noodles-new-turkey-dinner-and-pumpkin-pie-flavors/) **Published:** July 11, 2026 **Author:** spsingh **Content:** Those limited-edition releases are out to make “moist” your new favourite phrase this Thanksgiving season ![Say goodbye to dry: Cup Noodles Turkey Dinner and Pumpkin Pie deliver the full Thanksgiving experience with perfectly moist, slurpable goodness in minutes.]( "Say goodbye to dry: Cup Noodles Turkey Dinner and Pumpkin Pie deliver the full Thanksgiving experience with perfectly moist, slurpable goodness in minutes.") Say good-bye to dry: Cup Noodles Turkey Dinner and Pumpkin Pie ship the total Thanksgiving enjoy with completely wet, slurpable goodness in mins. ![Cup Noodles Turkey Dinner and Pumpkin Pie put "moist" on the table this holiday season.]( "Cup Noodles Turkey Dinner and Pumpkin Pie put "moist" on the table this holiday season.") Cup Noodles Turkey Dinner and Pumpkin Pie put “moist” at the desk this vacation season. Not more overcooked turkey, parched pumpkin pie crusts, or dry conversations. Those new seasonal flavors be offering the whole thing you like in regards to the Thanksgiving meal and solves the only factor you don’t; dryness. Completely seasoned, able in mins – dare we are saying it? – deliciously wet. “Moist” is also identified as one of the vital divisive phrases within the English language, however it is usually what saves a Thanksgiving ceremonial dinner from falling flat. From savory herbs and wealthy turkey seasonings to pumpkin pie bliss – that is vacation nostalgia served in 5 mins flat. Turkey Dinner combines the wealthy essence of herb-seasoned turkey broth with candy corn, tangy cranberry bursts, crisp inexperienced beans, warming spices, and comfortable noodles. For dessert (or every time, no judgements) Pumpkin Pie delivers gratifying pumpkin taste mixed with caramelized brown sugar sweetness and signature pie spices that really feel like a chew of wet do-it-yourself pumpkin pie. “We all know nothing can dampen the holiday spirit quicker than a dry Thanksgiving meal – whether it’s the food or boring dinner table conversation,” mentioned Priscila Stanton, Senior Vice President of Advertising, Nissin Meals USA. “With Cup Noodles Turkey Dinner and Pumpkin Pie, we’re delivering the full Thanksgiving experience – from main course to dessert – in minutes with the moist, slurpable goodness our fans crave.” Turkey Dinner and Pumpkin Pie proceed the Cup Noodles legacy of scrumptious taste innovation. From our summer time fling with Dill Pickle to the viral sensation of Campfire S’mores, this newest taste innovation pushes the limits of what noodles may also be to convey fanatics the festive, daring flavors they love. This taste duo is unique to Walmart places national and on Walmart.com (Turkey Dinner and Pumpkin Pie) to be had for $1.18 a cup. Partnering with the country’s greatest store brings daring innovation to the ramen aisle and large accessibility for fanatics around the nation. Like every just right issues in regards to the vacations, they are handiest right here for a restricted time! About Nissin Meals: Nissin Meals was once established in 1958 by means of Momofuku Ando, who invented the primary quick ramen noodle in Japan encouraged by means of his trust that “peace will come to the world when there is enough food.” In 1972, Nissin Meals USA opened its first plant in Gardena, California, introducing ramen noodles to American shoppers. In 1971, CUP NOODLE was once introduced in Japan, after which debuted as Cup Noodles within the U.S. in 1973, revolutionizing the business by means of making a product that might bundle, get ready, and serve noodles multi functional. For over 65 years, Nissin Meals has created scrumptious and handy Asian-inspired foods at an reasonably priced price. Nissin Meals USA develops and markets numerous merchandise together with Cup Noodles®, Most sensible Ramen®, Most sensible Ramen® Bowl, Cup Noodles® Stir Fry®, Cup Noodles® Stir Fry® Rice With Noodles, Chow Mein, Sizzling & Highly spiced Bowl, Sizzling & Highly spiced FIRE WOK and GEKI™. The corporate company philosophy conjures up dedication to style, comfort, and high quality. Consult with NissinFoods.com for more info. SOURCE Nissin Meals ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Press Release **Tags:** Cup, Dinner, Dry, Flavors, Goodbye, Introducing, Noodles, Pie, Pumpkin, Thanksgiving, Turkey --- ### [Türkiye, Netherlands set roadmap to deepen financial cooperation](https://turkbusinessnews.com/2026/07/11/turkiye-netherlands-set-roadmap-to-deepen-financial-cooperation/) **Published:** July 11, 2026 **Author:** spsingh **Content:** Türkiye and the Netherlands set a brand new roadmap to deepen business and financial cooperation right through the 6th Assembly of the Türkiye-Netherlands Joint Financial and Industry Committee (JETCO), Turkish Industry Minister Omer Bolat mentioned Thursday. “We successfully held the 6th Meeting of the Türkiye-Netherlands JETCO today in The Hague,” Bolat wrote on Turkish social media platform NSosyal. The assembly used to be co-chaired via Bolat and Dutch Overseas Industry and Building Cooperation Minister Sjoerd Sjoerdsma. Bolat mentioned the 2 facets “outlined the roadmap for commercial and economic cooperation” between Türkiye and the Netherlands for the approaching length. Below the JETCO framework, the 2 international locations mentioned tactics to advance cooperation in strategic spaces, together with bilateral industry and investments, contracting and technical consultancy services and products, cooperation in 3rd international locations, fortify for small and medium-sized enterprises, power, agriculture, water control, transportation, monetary cooperation, and the round financial system. The ministers additionally exchanged perspectives on key pieces at the EU schedule, specifically the modernization of the Customs Union and inexperienced transformation. Bolat mentioned Türkiye and the Netherlands reaffirmed their shared dedication to additional deepening their robust financial partnership in keeping with mutual receive advantages, whilst increasing cooperation into new spaces. He famous that bilateral industry quantity rose from $6.3 billion in 2015 to $13.3 billion in 2025, greater than doubling over the last decade. The Netherlands stays Türkiye’s greatest overseas investor, with an funding inventory of $39.2 billion, whilst Turkish investments within the Netherlands reached $24.3 billion, in keeping with Bolat. The Netherlands is one among Türkiye’s key financial companions in Europe, with shut ties in industry, logistics, agriculture, power, water applied sciences, finance, and funding. The rustic additionally serves as crucial base for Turkish firms increasing into Ecu markets. JETCO conferences are designed to enhance bilateral industry and funding ties via bringing in combination public government and industry representatives from each international locations. The mechanism additionally supplies a platform to deal with industry limitations, determine new spaces of cooperation, and fortify private-sector partnerships. Bolat mentioned the average imaginative and prescient set out within the sixth JETCO Protocol signed on the assembly would “pave the way for new opportunities in trade, investment, and technology,” give a contribution to more potent partnerships between Turkish and Dutch firms, and additional deepen financial ties. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Business **Tags:** cooperation, deepen, economic, Netherlands, roadmap, set, Türkiye --- ### [Turkish President Erdogan receives Albanian Premier Rama in Ankara](https://turkbusinessnews.com/2026/07/11/turkish-president-erdogan-receives-albanian-premier-rama-in-ankara/) **Published:** July 11, 2026 **Author:** spsingh **Content:** Turkish President Recep Tayyip Erdogan on Thursday gained Albanian Top Minister Edi Rama, who was once in Ankara for the thirty sixth NATO Heads of State and Executive Summit hosted through Türkiye. The assembly came about on the Presidential Complicated. Additionally attending the assembly have been Turkish International Minister Hakan Fidan, Nationwide Protection Minister Yasar Guler, AK Birthday party Deputy Chairman and spokesperson Omer Celik, Nationwide Intelligence Group (MIT) Director Ibrahim Kalin, Communications Director Burhanettin Duran, and the president’s leader international coverage and safety adviser, Akif Cagatay Kilic. The Ankara assembly marks the second one NATO summit hosted through Türkiye, following the 2004 Istanbul summit. The collection additionally supplied a platform for bilateral conferences between Türkiye and allied nations and spouse countries on political, safety, and financial cooperation. Türkiye, a NATO member for almost 75 years, joined the alliance in 1952. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** National **Tags:** Albanian, Ankara, Erdoğan, premier, President, Rama, receives, Turkish --- ### [Iran denies asking for talks with US, warns of ‘reciprocal’ reaction to any breach](https://turkbusinessnews.com/2026/07/11/iran-denies-asking-for-talks-with-us-warns-of-reciprocal-reaction-to-any-breach/) **Published:** July 11, 2026 **Author:** spsingh **Content:** “The Islamic Republic of Iran has made no request for negotiations with the US,” mentioned International Ministry spokesman Esmaeil Baghaei. Relating to what he described as “repeated US violations” of the framework peace deal signed closing month, Baghaei mentioned Iran’s coverage “remains based on the principle of ‘commitment for commitment,'” and that “any breach of commitments by Washington will be met with reciprocal action by Iran.” US President Donald Trump mentioned Friday that Iran requested Washington to proceed “talks” and that Washington agreed, whilst reiterating {that a} ceasefire secured closing month used to be “over.” Baghaei mentioned Iran, “in line with its longstanding responsible approach,” had accredited a request from one of the most regional mediators to seek advice from Tehran and speak about tendencies. He mentioned the seek advice from came about Friday in Mashhad, the place Iranian officers conveyed their perspectives to a Qatari delegation. Baghaei accused Washington of many times violating the memorandum of working out, announcing contemporary measures focused on Iran’s oil gross sales and the imposition of latest sanctions constituted transparent breaches of a number of of its provisions. He mentioned there used to be “no legal basis” for calls for to check up on Iran’s nuclear amenities broken in US and Israeli moves and that there used to be “no consensus within the UN Security Council” supporting such requests. He mentioned the Council assembly on Iran’s nuclear problems “produced no outcome” and used to be “merely another propaganda move by the United States, Britain and France.” On International Minister Abbas Araghchi’s deliberate seek advice from to Oman on Saturday, Baghaei mentioned talks would focal point at the Strait of Hormuz and maritime protection. He added that the travel would proceed consultations held in Tehran and Muscat to facilitate the secure passage of vessels in the course of the strait. In mid-June, Iran and the United States signed a memorandum of working out below Pakistani mediation geared toward finishing their battle and attaining an enduring peace settlement. All sides, alternatively, exchanged assaults within the closing two days amid escalation following Iranian assaults on 3 business vessels within the Strait of Hormuz. Tehran introduced moves Thursday on US army infrastructure in Bahrain, Kuwait, Qatar and Jordan in retaliation for a 2d day of in a single day US assaults. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** International **Tags:** breach, denies, Iran, reciprocal, requesting, response, talks, warns --- ### [Turkey Costs by means of State: Price of a Turkey Up 11.2% in 2025](https://turkbusinessnews.com/2026/07/11/turkey-costs-by-means-of-state-price-of-a-turkey-up-11-2-in-2025/) **Published:** July 11, 2026 **Author:** spsingh **Content:** House cooks throughout The usa are gearing up for the largest ceremonial dinner of the yr. Whilst person tastes dictate what facet dishes are on the desk, on the middle of maximum Thanksgiving foods is an entrée that is a time-honored custom: the turkey. Turkey additionally has a tendency to be the most costly a part of a Thanksgiving ceremonial dinner, so our group at FinanceBuzz sought after to assist in giving chefs a leg-up on their buying groceries by means of calculating how a lot they will have to be expecting to funds for his or her chook this yr. To resolve the typical value for a turkey in 2025, we amassed costs from a couple of U.S. grocery retail outlets around the nation and made up our minds how a lot customers in each and every state can be expecting to pay for a Thanksgiving turkey this yr. Key findings On moderate, American citizens can be expecting to pay $34.65 for a 15-pound turkey this yr — a median of $2.31 in step with pound. That is 11% upper than 2024. Around the nation, turkey costs are up 11% in 2025 vs. final yr. At greater than $55 in step with chook ($55.70), Hawaii has the easiest moderate turkey costs of the entire states. Within the contiguous U.S., Iowa has the easiest moderate worth at $41.35. Oklahomans can be expecting to pay simply $24.85 on moderate for his or her Thanksgiving turkey, which is the bottom charge within the country. 2025 Thanksgiving turkey costs: Costs are emerging Some customers is also curious how turkey costs for this yr evaluate to earlier Thanksgivings, and whether or not or now not they are getting a greater or worse deal on their vacation meal. In comparison to final yr, turkey costs around the nation are up in 2025. Closing yr, a 15-pound chook value customers $31.16 on moderate, and this yr that dimension turkey prices $34.65, an build up of a bit of greater than 11% year-over-year. That $34.65 price ticket for a turkey continues to be not up to each 2022 and 2023, on the other hand, as the typical worth for a turkey exceeded $35 in either one of the ones years. How a lot are Thanksgiving turkeys this yr? Moderate turkey prices by means of state ![Cost of a Turkey in Every State 2025](https://cdn.financebuzz.com/filters:quality(100)/images/2025/10/31/fbz-turkeybystate-nov2024-short.jpg) States with the most costly Thanksgiving turkeys As is the case with many items, the most costly moderate turkey costs within the U.S. had been discovered clear of the contiguous United States. Citizens of Hawaii can be expecting to pay the easiest charge within the nation ($55.70) for a 15-pound turkey. That is over 60% greater than the nationwide moderate of $34.65. Turkeys are greater than $10 more economical in Alaska ($42.35), however that also makes the chook costlier than in any of the remainder 48 states. Hawaiians and Alaskans aren’t any strangers to prime costs. Alaska and Hawaii constantly rank a few of the most costly states to are living in because of the prime prices of transporting items to the non-contiguous states. Costliest states for a Thanksgiving turkey State Price for a 15-pound turkey Hawaii $55.70 Alaska $42.35 Iowa $41.35 Montana $40.85 Massachusetts $39.85 New Hampshire $39.85 Vermont $39.85 South Carolina $38.85 New Jersey $38.35 Missouri $38.35 Within the contiguous United States, Iowa has the easiest turkey costs this Thanksgiving, with a median worth of $41.35 for a 15-pound chook. Montana is the one different mainland state the place the typical worth for a turkey exceeds $40, at $40.85. A trio of New England states fall simply wanting that $40 mark, on the other hand, as the typical value for a turkey in Massachusetts, New Hampshire, and Vermont clocks in at $39.85 this yr. States with essentially the most inexpensive Thanksgiving turkeys Turkeys are maximum inexpensive in Oklahoma, the place they value simply $24.85 on moderate. That is just about $10 inexpensive than the nationwide moderate. Oklahoma may be the one state within the nation the place the typical worth of a 15-pound turkey is beneath $25. Least pricey states for a Thanksgiving turkey State Price for a 15-pound turkey Oklahoma $24.85 Texas $25.85 Louisiana $27.35 Tennessee $27.35 Illinois $28.40 Kentucky $28.40 Arkansas $29.35 Arizona $29.85 Oregon $30.35 Mississippi $30.85 Neighboring Texas has the second-lowest turkey costs within the nation, at $25.85. From there, prices move up by means of $1.50 (or 10 cents in step with pound) in Louisiana and Tennessee, two states the place a turkey will value customers $27.35 on moderate. Illinois and Kentucky are tied for 5th at the checklist of the 5 states the place Thanksgiving turkeys are maximum inexpensive, at $28.40 in step with chook. How to save cash on Thanksgiving foods House-cooked foods are the most efficient a part of celebrating Thanksgiving. A just right meal does not must cost a fortune, despite the fact that. Listed here are some recommendations on how to save cash on groceries: Earn bank card rewards at checkout. To get essentially the most from your buying groceries go back and forth, use one of the most perfect bank cards for getting groceries to get rewards in your purchases. Use useful grocery hacks on the retailer. Groceries are a large expense for households of all sizes. Finding out insider recommendations on the right way to spend much less on groceries can assist scale back the full value of your necessities. Use trip bank cards when visiting circle of relatives. The times and weeks main as much as Thanksgiving are a hectic time of yr for trip. Whilst you e-book journeys, use one of the most perfect trip bank cards to earn rewards for long term vacations. Technique To bring together the information proven above, FinanceBuzz researchers recorded the cost of turkeys in no less than 3 grocery retail outlets in each and every state. On the whole, costs had been acquired from regional, chain grocery retail outlets with a couple of places in a state (somewhat than smaller person corporations) or distinguished nationwide chains. All costs had been amassed for Butterball-brand turkeys weighing between 12-26 lbs. Costs in step with pound in each and every grocery retailer had been averaged to seek out the fee in step with state and multiplied by means of 15 kilos to acquire our ultimate scores. Advantages Card Main points Low spend threshold for its welcome be offering Mobile phone coverage get advantages (topic to a $25 deductible) Practice Now Practice Now to benefit from this be offering and be told extra about product options, phrases and stipulations. 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Topic to a $25 deductible. ![Wells Fargo Active Cash® Card](https://cdn.financebuzz.com/0x0/filters:quality(100)/images/2024/12/17/wells-fargo-active-cash-12172024.png) 5.0 ![info](https://cdn.financebuzz.com/static-assets/statics-29225/images/icons/info.svg) FinanceBuzz writers and editors ranking playing cards in accordance with quite a few purpose options in addition to our skilled editorial evaluate. Our companions don’t affect how we charge merchandise. ![close](https://cdn.financebuzz.com/static-assets/statics-29225/images/icons/close.svg) on Wells Fargo’s protected web site Learn Card Assessment Intro Be offering $200 money rewards bonus after spending $500 in purchases within the first 3 months If you happen to love incomes money rewards however wish to steer clear of the trouble of monitoring spending classes, the Wells Fargo Energetic Money® Card can be a just right choice for you. Card contributors can earn limitless 2% money rewards on purchases. This card additionally gives a zero% intro APR on qualifying stability transfers and purchases for three hundred and sixty five days from account opening, then 18.49%, 24.49%, or 28.49% Variable. The ones on the lookout for simple rewards and an introductory APR will most likely to find price on this card. Practice Now ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Finance **Tags:** Cost, Prices, State, Turkey --- ### [Türkiye’s AI technique and the approaching technological order | Column](https://turkbusinessnews.com/2026/07/11/turkiyes-ai-technique-and-the-approaching-technological-order-column/) **Published:** July 11, 2026 **Author:** spsingh **Content:** President Recep Tayyip Erdoğan’s unveiling of Türkiye’s AI Motion Plan 2026-2030 was once gained, in large part, as a generation tale: funding objectives, knowledge heart capability, specialist coaching pipelines, and regulatory frameworks. Those are actual parts of the AI Motion Plan. However lowering the announcement to its technical parameters misses what it if truth be told represents as a strategic act. What President Erdoğan unveiled was once now not essentially an commercial coverage. It was once a positional declaration in a contest already restructuring the global order, whose penalties will lengthen some distance past the states lately dominating it. The announcement merits to be learn by itself strategic phrases. In a world gadget the place synthetic intelligence increasingly more determines who units the foundations of virtual governance, who controls the informational setting of war, and who can function with authentic autonomy in disaster stipulations, a countrywide synthetic intelligence (AI) technique isn’t a generation roadmap. This is a observation about what sort of state a central authority intends to be within the rising order. The query isn’t whether or not Türkiye’s plan suits Washington or Beijing in scale, however whether or not it displays a coherent working out of the structural festival underway and whether or not its tools are calibrated to that truth. AI as tool of festival The transformation of AI from a site of business and medical job into an tool of significant energy festival has adopted a trajectory acquainted to scholars of global members of the family. Features that confer decisive strategic merit don’t stay impartial for lengthy. States with revisionist ambitions search to procure them; states with established positions search to disclaim them to opponents; and states stuck within the center are pressured to make a choice from controlled dependence and the pricey pursuit of self reliant capability. What distinguishes the present AI festival from previous technological races isn’t its depth however its structural intensity. Regulate over AI isn’t simply a couple of unmarried guns gadget or a selected army software. It’s in regards to the structure of cognition on the state stage: the capability to procedure intelligence sooner, to compress resolution cycles in disaster stipulations, to maintain self reliant army operations throughout contested domain names, and to form the informational setting through which adversaries and companions alike shape their perceptions. Washington and Beijing have each known this good judgment, and their responses replicate it. The American AI Motion Plan isn’t basically a science coverage report; it’s an try to lock in technological primacy earlier than the window for doing so narrows. China’s parallel projects serve an identical objective from a challenger’s place. Every seeks to attract different states into its technological orbit, developing dependencies that translate through the years into political leverage. The chip keep an eye on measures, the export restrictions, the competing infrastructure financing provides flowing from Washington and Beijing to capitals around the International South are all expressions of this underlying structural festival. Generation, on this context, is the idiom of geopolitics. The militarization of this festival isn’t its distortion however its inside good judgment. What the Ukraine battlefield demonstrated, with a readability that no theoretical argument may fit, is that AI-enabled self reliant methods have basically altered the connection between commercial capability, operational pace and strategic impact. Mass drone manufacturing, AI-assisted focused on, self reliant loitering munitions that classify and interact with out human intermediation: those are now not experimental features. They’re the operational baseline of modern high-intensity war. States that seen the battle towards Iran in 2026 and drew the proper conclusions started making an investment accordingly. The nice powers understood this previous than maximum, which is why the army measurement of AI festival has speeded up at a tempo that governance frameworks, alliance buildings and public debate have struggled to stay tempo with. What Türkiye’s technique finds Türkiye’s AI Motion Plan will have to be learn by contrast structural background, now not towards the benchmarks of Silicon Valley or the ambitions of Zhongguancun. The plan’s four-pillar structure, constructed round discovery, use, manufacturing and governance, commits at minimal ten billion bucks in predominantly non-public funding, objectives one gigawatt of put in knowledge heart capability through 2030, proposes a Nationwide Information Library, and objectives to provide 10000 complex AI consultants along 100 thousand software execs. Those are significant commitments. They’re additionally measured towards what the main powers are mobilizing, a fragment of to be had assets. Truthful research can’t difficult to understand that hole. President Recep Tayyip Erdoğan and Trade and Generation Minister Mehmet Fatih Kacır unveiled Türkiye’s Synthetic Intelligence Motion Plan on the “Türkiye Artificial Intelligence Summit,” Istanbul, Türkiye, June 13, 2026. (AA Picture) However the strategically related query isn’t whether or not Türkiye can compete on the frontier of foundational fashion building. It can’t, and the try to take action would constitute a misallocation of scarce nationwide capability. The related query is whether or not Türkiye can construct enough sovereign capacity within the domain names that at once decide its strategic autonomy, deterrence credibility, export leverage, and negotiating place inside of a impulsively stratifying technological order. Measured towards that query, Türkiye’s precise place is significantly more potent than mixture funding figures counsel. The protection measurement is the place this turns into maximum visual. During the last decade, Türkiye has built a protection commercial base whose AI integration isn’t aspirational however operational. Baykar’s self reliant methods had been validated throughout a couple of theaters beneath authentic fight stipulations. The KEMANKEŞ AI-powered cruise missile represents a qualitative threshold that just a handful of states have crossed. The Kızılelma unmanned fighter has demonstrated self reliant goal acquisition in trying out environments that at once wait for the following technology of contested airspace operations. STM’s Kargu and Alpagu loitering munitions use machine-learning algorithms for goal classification and engagement with out GPS dependency, an ability that issues exactly the place GPS denial is in all probability. Those methods have generated call for from over 3 dozen states, making a community of protection relationships that constitutes its personal type of structural affect. But the plan indicators ambition that extends past the protection perimeter. The Clinical and Technological Analysis Council of Türkiye (TÜBITAK)’s regionally evolved massive language fashion, Bilge, along parallel projects from Baykar, Havelsan and the T3 Basis, represents an try to identify sovereign cognitive infrastructure on the civilian stage. A state that can’t assemble its personal massive language fashions can’t, in any significant sense, govern its personal informational setting. The plan additionally envisages AI vouchers for small and medium enterprises, devoted AI expansion zones, and check laboratories to validate rising self reliant applied sciences. Taken in combination, those represent a planned try to construct an ecosystem somewhat than just procure capacity. That is the place the idea that of strategic autonomy turns into analytically actual somewhat than politically obscure. The AI Motion Plan extends the good judgment of protection indigenization into the virtual area. Its central organizing idea, virtual autonomy, method the capability to design, govern, and deploy synthetic intelligence consistent with nationwide priorities somewhat than inside the constraints of imported technological structure. This isn’t nationalist rhetoric. This is a strategic lesson drawn from pricey enjoy. The wider alternative to be had to Türkiye lies in an asymmetry that the binary framing of U.S.-China contention constantly obscures. The plan’s maximum strategically attention-grabbing component could also be its least commented upon: the initiative to expand a Nice Turkic Language Fashion in partnership with the Group of Turkic States, encompassing Oghuz, Kipchak and Karluk dialect households. This isn’t a cultural venture with a generation label. It’s an act of epistemic entrepreneurship, an try to form the cognitive infrastructure of a geopolitical area stretching from the Balkans to Central Asia earlier than it’s absorbed into language fashion architectures designed in California or Beijing. African capitals, Gulf states and companions around the International South, navigating the selection between Washington’s ecosystem and Beijing’s, will keep in mind. Türkiye is considered one of an overly small choice of states able to providing a reputable 3rd choice throughout exhausting and comfortable dimensions of this festival alike. The ambition embedded within the 2026-2030 plan issues towards one thing extra important than an up to date commercial roadmap. It displays an working out that during a global being reorganized across the keep an eye on of man-made intelligence, sovereignty itself is being redefined. States that can’t generate, govern, and deploy their very own AI will in finding that choices maximum consequential for his or her safety and political alignment are being made through architectures they didn’t construct and can’t govern. Ankara seems to have internalized that that is the central strategic problem of the approaching decade. Translating that reputation right into a sturdy nationwide capacity stays the more difficult activity, one who no announcement, on the other hand well-staged, can accomplish by itself.​​ ![](https://i.hizliresim.com/JN9LXf.png) The Day-to-day Sabah E-newsletter Stay up-to-the-minute with what’s going down in Turkey, it’s area and the arena. SIGN ME UP You’ll be able to unsubscribe at any time. By means of signing up you might be agreeing to our Phrases of Use and Privateness Coverage. This web page is secure through reCAPTCHA and the Google Privateness Coverage and Phrases of Provider observe. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Technology **Tags:** Column, coming, order, Strategy, technological, Türkiyes --- ### [KFC® Says Cluck Turkey and Get a Higher Chicken This Vacation Season with a $25 Additional Crispy Festive Ceremonial dinner* and Emblem-New Gravy Flight**](https://turkbusinessnews.com/2026/07/11/kfc-says-cluck-turkey-and-get-a-higher-chicken-this-vacation-season-with-a-25-additional-crispy-festive-ceremonial-dinner-and-emblem-new-gravy-flight/) **Published:** July 11, 2026 **Author:** spsingh **Content:** Revel in an Additional Crispy Festive Ceremonial dinner for Simply $25 Are you probably the most 35% of shoppers who hate turkey?\*\*\*\*\* Then omit overcooking your hen or choking down dry poultry. This yr, KFC invitations lovers to seize a meal that in fact delivers — the Additional Crispy Festive Ceremonial dinner. As a part of this ceremonial dinner, KFC is introducing its emblem new Gravy Flight, that includes 3 crave-worthy flavors: Signature Brown, White Peppercorn, and NEW Southwest Cheddar Gravy. Priced at simply $25, the Festive Ceremonial dinner comprises an 8-piece bucket of Additional Crispy™ fried hen, biscuits, two massive aspects of mashed potatoes and 3 aspects of eight-ounce gravy. With sufficient meals to feed a circle of relatives of 4, it is the very best answer to your last-minute Friendsgiving, vacation get-together, or circle of relatives dinner. “KFC has been bringing people together around the dinner table for more than 70 years, and this holiday season we’re inviting everyone to cluck turkey and make room for flavor,” stated Melissa Money, KFC U.S. CMO. “For us, it’s about comfort, connection, and craveable food. The Extra Crispy Festive Feast and our first-ever Gravy Flight are designed to bring that joy back to the holiday table — at a price that brings everyone to the table, because the holidays should taste as good as they feel.” “Cluck Turkey” Marketing campaign KFC is breaking apart with Turkey. The brand new “Cluck Turkey” marketing campaign takes goal on the vacation hen with a turkey smear message loud sufficient to echo from coast to coast. Via daring billboards and unapologetic headlines, KFC is asking on everybody to ditch the dry, flavorless turkey ceremonial dinner and embody one thing that tastes excellent. Nonetheless yearning the opposite hen? Do it the precise method — the KFC method. Prevent by means of an area collaborating location in California, Colorado, Utah, or Washington State to pre-order a Cajun-style deep-fried turkey — juicy, flavor-packed, and hassle-free for all of the turkey fans available in the market. Participation and pricing might range. Pie-Solation Meal Deal When the vacation chaos hits, KFC’s were given the relief you wish to have. The Private Pot Pie is again for $4.99 — flaky, hearty, and filling with out breaking the financial institution. To be had beginning 11/17, it is the very best pick-me-up for a comfortable second of pie-solation, all the way through or after the buying groceries rush. And with 56% of other people\*\*\*\*\*\* pronouncing by myself time is very important for psychological well-being all the way through the season, you have got the very best excuse to seize one for your self. Give the Present of Rooster (and Cheer) This Vacation Season Nonetheless yearning extra taste this vacation season? Head to KFCShop.com to enroll and be the primary to grasp when you’ll be able to seize festive matching circle of relatives pajamas and fried hen wrapping paper. Then, swing by means of your native KFC to snag a limited-edition vacation present card, to be had in shops simplest whilst provides final. Need to present some taste from house? Ship a vintage e-gift card on-line for a very easy, finger lickin’ excellent marvel. As a result of not anything says “happy holidays” like Additional Crispy™ convenience made to proportion. \*Costs and participation might range, whilst provides final. Costs upper in AK, HI, CA and third-party ordering web sites. Tax, tip and charges further. Be offering comprises 8pc further crispy hen at the bone (4 drums, 4 thighs), 2 massive mashed potatoes, 4 biscuits, 3 8oz aspects of gravy (signature brown gravy, white peppercorn gravy, southwest cheddar gravy).\*\* Costs and participation might range, whilst provides final.\*\*\*Costs and participation might range, whilst provides final. Tax, tip and charges further. \*\*\*\* Sourced from Popmenu survey\*\*\*\*\* Sourced from The Tourist Survey\*\*\*\*\*\*Sourced from The Ohio State College Wexner Scientific Heart find out about SOURCE Kentucky Fried Rooster ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Press Release **Tags:** Bird, BrandNew, Cluck, Crispy, Extra, Feast, Festive, flight, Gravy, Holiday, KFC, Season, Turkey --- ### [EU’s Dombrovskis says Türkiye’s reforms, disinflation key for resilience](https://turkbusinessnews.com/2026/07/10/eus-dombrovskis-says-turkiyes-reforms-disinflation-key-for-resilience/) **Published:** July 10, 2026 **Author:** spsingh **Content:** Türkiye’s financial reform time table and disinflation procedure are essential for the rustic’s financial resilience, Eu Commissioner for the Economic system Valdis Dombrovskis mentioned Friday. Talking at a press roundtable in Istanbul hosted through the Turkish Business and Industry Affiliation (TUSIAD), Dombrovskis mentioned their talks targeted at the financial outlook, geopolitical turbulence, and steps to fortify resilience and competitiveness. “Looking at the economic situation and current geopolitical turbulence we are experiencing, we discussed policy responses to strengthen the resilience and competitiveness of our respective economies,” he mentioned. “In this regard, the Turkish government’s economic reform agenda and disinflation process are certainly important for the resilience of the Turkish economy,” he added. Dombrovskis mentioned the EU’s competitiveness time table, together with simplification and lowering administrative burdens, was once additionally mentioned. He mentioned the 2 facets reviewed techniques to deepen EU-Türkiye financial cooperation and welcomed Türkiye’s software to sign up for the Unmarried Euro Bills Space, or SEPA. “The Customs Union is forming the basis for our economic engagement,” he mentioned. On Customs Union modernization, Dombrovskis mentioned the Eu Fee wishes a mandate from EU member states to start negotiations, which calls for unanimity. “That is not the case at the current stage,” he mentioned, including that the fee had asked the sort of mandate. He famous that the Customs Union’s criminal foundation was once closing up to date in 1997. “The world has moved on since then,” he mentioned, including that present paintings specializes in a extra restricted and focused technical replace reasonably than broad-based modernization. Dombrovskis additionally mentioned Turkish items’ get right of entry to to business accelerator actions, public strengthen, and public procurement had been mentioned, underlining the significance of reciprocity. Relating to Türkiye’s public procurement steps, he mentioned Treasury and Finance Minister Mehmet Şimşek had submitted draft law to parliament to verify reciprocal get right of entry to. “They are on track,” he mentioned. The EU is Türkiye’s biggest industry spouse and largest investor. As of 2025, 42.8% of Türkiye’s exports went to EU international locations, whilst 31.7% of its imports got here from the bloc. General industry quantity between Türkiye and the EU reached a report €218 billion ($249.7 billion) in 2025, whilst Türkiye remained the EU’s fifth-largest buying and selling spouse outdoor the bloc. EU international locations supplied €5.34 billion in international direct funding to Türkiye in 2025, accounting for 66% of overall international funding inflows. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Business **Tags:** disinflation, Dombrovskis, EUs, key, reforms, Resilience, Türkiyes --- ### [Türkiye takes central function in NATO’s mega constellation satellite tv for pc challenge](https://turkbusinessnews.com/2026/07/10/turkiye-takes-central-function-in-natos-mega-constellation-satellite-tv-for-pc-challenge/) **Published:** July 10, 2026 **Author:** spsingh **Content:** Area initiatives had been excessive at the schedule on the two-day NATO Ankara Summit this week, the place officers introduced that Türkiye’s Imece satellites and Turkish protection company Aselsan’s low-Earth orbit community will play a central function within the alliance’s new house structure. Leaders introduced $4.012 billion in house and surveillance initiatives highlighted through the Hybrid Alliance Layered Operations in Area, or HALO, initiative on the Protection Trade Discussion board, a part of the summit held Tuesday and Wednesday within the Turkish capital. The HALO initiative goals to combine the army satellites of Türkiye, Germany, Denmark, Finland, the Netherlands, Sweden, Canada, and Norway right into a unified, mega constellation construction, which is anticipated to conquer the fee, time, and protection barriers that single-nation satellite tv for pc fleets are recognized for. The built-in design will equip NATO with enhanced features for high-speed communications, intelligence accumulating, and missile monitoring. Türkiye will give a contribution its engineering experience through creating two new high-resolution satellites according to the Imece Earth remark satellite tv for pc throughout the house department of the Turkish Medical and Technological Analysis Council’s (Tubitak), Tubitak Area. The brand new satellites, Imece-2 and Imece-3, shall be produced in Ankara beneath a freelance price greater than $300 million. The brand new additions will perform along the unique Imece satellite tv for pc and allow imaging of bigger spaces in a considerably diminished time, whilst decreasing the period between revisit cycles over important areas. The improved capacity will allow the alliance to supply intelligence extra temporarily for disaster zones, border spaces, maritime areas, army actions, and crisis reaction. Türkiye’s first locally advanced sub-meter decision Earth remark satellite tv for pc, the unique Imece, is lately lively within the Turkish Air Power Command’s stock beneath the identify Gokturk-2B. Türkiye additionally signed contracts price greater than $350 million with protection company Aselsan to expand low-Earth orbit satellites, army communications networks, and early caution radar methods for the rustic’s multilayered air protection machine, the Metal Dome. The initiatives are anticipated to noticeably reinforce Türkiye’s safe battlefield connectivity and early caution detection features. Ahmet Akyol, CEO of Aselsan, advised Anadolu that the entrusting of his company with the design of safe low-Earth orbit communications satellites is a large signal of worldwide accept as true with in Türkiye’s engineering experience. Akyol mentioned that Aselsan will put into effect next-gen satellite tv for pc networks to fulfill NATO’s key army and strategic communications wishes. NATO Deputy Secretary Basic Radmila Shekerinska stated Spain had joined the Alliance Continual Surveillance from Area (APSS) challenge and that the brand new Starlift Initiative goals to determine a rapid-response community for launching backup satellites throughout emergencies. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** National **Tags:** central, constellation, mega, NATOs, project, role, satellite, takes, Türkiye --- ### [Türkiye, Russia search nearer cooperation on sensible towns, city renewal forward of COP31](https://turkbusinessnews.com/2026/07/10/turkiye-russia-search-nearer-cooperation-on-sensible-towns-city-renewal-forward-of-cop31/) **Published:** July 10, 2026 **Author:** spsingh **Content:** Türkiye and Russia pledged to deepen cooperation on city construction, sustainable infrastructure and local weather tasks right through talks Friday in Moscow. Turkish Surroundings, Urbanization and Local weather Trade Minister Murat Kurum met Russian Deputy Top Minister Marat Khusnullin, who oversees development and regional construction, in addition to Housing and Utilities Minister Irek Faizullin, on the Russian govt headquarters. “Our goal is to fully combine Türkiye’s vast experience in urban transformation and post-disaster reconstruction with Russia’s strong technical expertise to jointly build the smart, safe, people-centered cities of tomorrow based on an ‘infrastructure for life’ vision,” mentioned Kurum. He added that cooperation between the 2 nations on city renewal, energy-efficient constructions, virtual town control and inexperienced infrastructure may function “an inspiration not only for our region but for the entire world.” The minister mentioned family members between Türkiye and Russia lengthen past the ones of neighboring nations, describing the partnership as a multidimensional courting spanning calories, industry, tourism and concrete construction. He recommended nearer collaboration forward of the UN local weather summit COP31, which Türkiye is ready to host in Antalya later this yr. “As the COP31 president, we believe it is time to move from words to action,” mentioned Kurum, including that Türkiye values Russia’s enhance in attaining concrete results on the summit. Khusnullin welcomed the consult with forward of COP31, announcing the convention would mark the most important step in advancing the global time table on sustainable city construction and infrastructure. “In recent years, Türkiye has significantly increased its engagement on the global climate agenda and has become one of the most active participants in international dialogue on climate issues,” Khusnullin added. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** International **Tags:** ahead, cities, closer, cooperation, COP31, renewal, Russia, seek, smart, Türkiye, urban --- ### [Erdogan’s proposal dangers deepening Turkey’s position in illicit finance networks - Nordic Track](https://turkbusinessnews.com/2026/07/10/erdogans-proposal-dangers-deepening-turkeys-position-in-illicit-finance-networks-nordic-track/) **Published:** July 10, 2026 **Author:** spsingh **Content:** Abdullah Bozkurt/Stockholm A sweeping tax proposal unveiled by means of Turkish President Recep Tayyip Erdogan final week — promising a 20-year exemption on foreign-sourced source of revenue for people relocating to Turkey — is elevating severe considerations that it might open huge new avenues for cash laundering and illicit monetary flows in a rustic already referred to as a hub for global crime syndicates and home networks which were ready to transport illicit finances thru its monetary and banking programs with relative ease. The proposal goals people dwelling in another country who’ve no longer been tax citizens in Turkey for the previous 3 years, providing an strangely beneficiant package deal: no taxation on overseas source of revenue for twenty years, minimum taxation on home source of revenue and a sharply diminished inheritance tax price of simply 1 p.c. Whilst framed as an effort to draw capital and inspire expatriates to go back, the plan’s construction is about to create new systemic vulnerabilities which may be exploited by means of prison networks and politically attached actors. On the center of those considerations is the absence of strong safeguards in a rustic the place enforcement of monetary laws has lengthy been wondered. Turkey has confronted repeated grievance from global watchdogs over deficiencies in its anti-money laundering (AML) regime, together with vulnerable oversight, inconsistent enforcement and political interference in judicial processes. Below the proposed framework, people would be capable to carry foreign-earned wealth into Turkey with out significant scrutiny of its foundation, successfully shielding finances that can were generated thru unlawful manner in another country. With out stringent source-of-funds verification mechanisms, the scheme dangers functioning as a prison gateway for laundering proceeds derived from corruption, arranged crime, sanctions evasion and different illicit actions. Turkey has turn out to be a world hub for mafia figures, drug traffickers and arranged crime syndicates below the rule of thumb of Turkish President Recep Tayyip Erdogan, enabling in style cash laundering schemes thru Turkish banks and fiscal establishments. The proposal displays a well-recognized trend below Erdogan’s two-decade rule, wherein mechanisms designed to draw overseas capital have doubled as conduits for undeclared or illicit wealth. Identified in Turkish as “varlık barışı” (wealth amnesty), such law has been enacted 8 occasions by means of parliament, because of the ruling Justice and Building Celebration’s (AKP) legislative dominance. The newest model, followed in July 2022, granted sweeping immunity by means of prohibiting any audit or investigation into belongings introduced into the rustic. That modification allowed people together with the ones already below investigation to claim wondered belongings as overseas transfers, successfully neutralizing scrutiny. Next prison instances have published how such provisions had been exploited by means of arranged crime figures to launder proceeds from unlawful actions. One outstanding instance is Ayhan Bora Kaplan, a convicted felon who rose to prominence in Ankara below the security of former inner minister Süleyman Soylu. When faced with financial institution deposit slips seized all the way through his arrest on September 7, 2023, Kaplan claimed: “I earned this money by winning it in foreign casinos at various times. I deposited it into \[Turkish\] banks during the wealth amnesty.” Every other case comes to Çetin Gören, who used identical prison mechanisms to repatriate and legitimize wide sums of illicit capital. Gören was once a central determine within the high-profile “Bataklık” (Swamp) operation introduced in 2020 below global power. In spite of being matter to INTERPOL notices and sought by means of a couple of nations, he and his affiliate Nejat Daş had been acquitted of fees associated with main a prison group and laundering cash. The debate deepened in 2026 when Spanish government seized a vessel sporting roughly 10 lots of cocaine and recognized Gören because the send’s proprietor. In a similar fashion, Croatian drug lord Nenad Petrak exploited Turkey’s wealth amnesty framework to transport illicit finances into the prison monetary gadget with out scrutiny. Petrak additionally got Turkish citizenship thru actual property funding, permitting him to function below prison quilt in spite of being the world over sought after. He was once sooner or later arrested in November 2023 following power from overseas governments. ![](https://nordicmonitor.com/wp-content/uploads/2023/09/Ayhan_Bora_Kaplan-259x300.jpg "-") Turkish mobster.Ayhan Bora Kaplan. The brand new tax exemption plan unveiled by means of Erdogan dangers perpetuating those similar loopholes, no longer just for overseas prison actors but in addition for Turkish nationals attractive in so-called “round-tripping,” a well-documented laundering method wherein home finances are moved offshore and later reintroduced as ostensibly overseas source of revenue. For the reason that the proposal calls for best 3 years of non-tax residency, people with get entry to to offshore buildings may simply exploit the gadget to legitimize prior to now hid wealth. The plan additionally creates fertile floor for abuse thru advanced offshore preparations. Shell firms, trusts and nominee possession buildings might be used to difficult to understand the actual foundation of finances, making it tough for government to tell apart between official income and illicit proceeds. In nations with robust rule-of-law safeguards, such dangers are mitigated thru rigorous auditing and global cooperation. In Turkey, alternatively, chronic enforcement gaps carry doubts about whether or not such controls can be implemented successfully. Every other main fear is the proposal’s remedy of inheritance. Via lowering the inheritance tax price to simply 1 p.c, the federal government successfully opens a cheap channel for shifting wide volumes of wealth throughout generations. Professionals warn that this might be used to “clean” illicit finances by means of reclassifying them as inherited belongings, additional complicating efforts to track their foundation. Actual property markets, already a most popular car for laundering finances globally, also are prone to come below power if the plan is carried out. Tax-free inflows of overseas capital might be funneled into belongings purchases, using up costs whilst offering a handy mechanism to combine illicit finances into the formal economic system. Identical patterns were noticed in different jurisdictions that offered competitive tax incentives with out ok safeguards. ![](https://nordicmonitor.com/wp-content/uploads/2025/12/Mehmet_Simsek_Turkey-300x258.jpg "-")Mehmet Şimşek, Turkey’s finance minister, has been accused by means of critics of turning a blind eye for years to illicit investment flows. As finance minister, Şimşek oversees the Monetary Crimes Investigation Board (MASAK) in addition to key banking and fiscal watchdog companies, hanging him on the middle of accountability for tracking and combating cash laundering and different monetary crimes. Whilst a number of Ecu nations have followed particular tax regimes to draw rich people, Turkey’s proposal sticks out for its breadth and period. Techniques in nations corresponding to Italy and Greece normally impose fastened annual taxes on overseas source of revenue or require considerable funding commitments, whilst keeping up more potent compliance frameworks. Against this, the Turkish fashion seems to supply near-total exemption with minimum stipulations, considerably amplifying the hazards. The wider political surroundings additional compounds those considerations. Over the last decade, a large number of instances have documented how people with alleged ties to arranged crime or corruption have benefited from lenient remedy by means of Turkish government. This trend raises fears that the proposed tax regime may disproportionately get advantages politically attached elites, successfully institutionalizing preferential remedy below the guise of monetary coverage. The world over, the proposal may be most probably to draw scrutiny from our bodies such because the Monetary Motion Activity Pressure (FATF), which put Turkey on its “grey list” in 2021 over deficiencies in its AML framework. Turkey was once delisted after taking some steps with a promise to do extra in 2024. A coverage that facilitates large-scale inflows of opaque overseas wealth may additional complicate Ankara’s efforts to stay off the FATF’s gray listing and repair investor self belief and will also chance renewed or extended record by means of the watchdog staff.. In the end, the effectiveness and protection of the sort of coverage rely at the energy and independence of the establishments tasked with implementing it. In Turkey, alternatively, those establishments were considerably weakened below the rule of thumb of Erdogan, in particular following the mass purge of greater than 100,000 public officers in 2016-2017, a procedure that has eroded the independence of legislation enforcement, the judiciary and key regulatory our bodies. Within the absence of credible safeguards, a chronic fear in Turkey, Erdogan’s tax exemption plan dangers doing extra than just attracting capital. It would additional turn into the rustic right into a magnet for illicit wealth in search of legitimacy, including to the already considerable volumes of unlawful finances which were laundered thru Turkish banks and fiscal establishments, regularly with the tacit backing of the federal government. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Finance **Tags:** deepening, Erdogans, Finance, illicit, Monitor, networks, Nordic, proposal, risks, role, Turkeys --- ### [Türkiye to carry talks with Canadian corporations on CANDU nuclear era: Minister - Türkiye These days](https://turkbusinessnews.com/2026/07/10/turkiye-to-carry-talks-with-canadian-corporations-on-candu-nuclear-era-minister-turkiye-these-days/) **Published:** July 10, 2026 **Author:** spsingh **Content:** Power and Herbal Sources Minister Alparslan Bayraktar visits Romania’s Cernavoda Nuclear Energy Plant, which operates Canadian-designed CANDU reactors, in Cernavoda, Romania, June 17, 2026. (AA Photograph) June 17, 2026 02:02 PM GMT+03:00 Türkiye will hang talks with Canadian nuclear corporations and native providers within the coming weeks because it evaluates CANDU reactor era for deliberate nuclear energy initiatives, Power and Herbal Sources Minister Alparslan Bayraktar stated Wednesday. The conferences come as the federal government critiques era choices and global partnerships for long run reactors deliberate in Sinop and the Thrace area, whilst additionally exploring small modular reactor applied sciences as a part of its function of achieving 20 GW of nuclear energy capability through 2050. Extra to Learn CANDU in Türkiye’s nuclear era shortlist Bayraktar introduced the plans right through a talk over with to Romania’s Cernavoda Nuclear Energy Plant, the place he tested the Canadian-designed CANDU reactor era that has drawn rising hobby from Turkish officers in contemporary months. “We had the opportunity to see two reactors built with CANDU technology in Romania, a neighboring country with which we have very good relations,” Bayraktar stated. The minister famous that Türkiye is on the lookout for nuclear era that mixes aggressive prices with prime protection requirements whilst additionally providing complete answers for nuclear waste control and gasoline provide. Along ongoing discussions with China, that have been underway for years, Ankara has lately intensified paintings with South Korea and has increasingly more inquisitive about Canadian nuclear era in contemporary months, he added. ![Energy and Natural Resources Minister Alparslan Bayraktar receives a briefing in the control room of Romania's Cernavoda Nuclear Power Plant during a visit to review Canadian-designed CANDU reactor technology in Cernavoda, Romania, June 17, 2026. (AA Photo)](https://img.turkiyetoday.com/images/2026/6/17/turkiye-to-hold-talks-with-canadian-firms-on-candu-nuclear-technology-minister-3222129_202606171353_20260617135303_1.jpg) ![](https://www.turkiyetoday.com/s/i/i-fotobuyut.svg) Power and Herbal Sources Minister Alparslan Bayraktar receives a briefing within the regulate room of Romania’s Cernavoda Nuclear Energy Plant right through a talk over with to check Canadian-designed CANDU reactor era in Cernavoda, Romania, June 17, 2026. (AA Photograph) Türkiye seems past Akkuyu Türkiye’s first nuclear energy plant at Akkuyu is transferring nearer to operation, with ultimate trying out and commissioning paintings underway at Unit 1. Government intention to start producing electrical energy from the reactor through the tip of 2026, whilst development continues at the plant’s final 3 gadgets. As soon as totally operational, the four-reactor facility can have a complete put in capability of four.8 GW. All through his travel to Cernavoda Nuclear Energy Plant, Bayraktar additionally met Turkish businesspeople and contributors of the Turkish neighborhood in Romania. Addressing attendees, he highlighted their contribution to Romania’s economic system and their position in advancing family members between the 2 international locations, whilst pledging persisted enhance from Turkish establishments for electorate dwelling out of the country. ![](https://www.turkiyetoday.com/s/i/i-share.svg) June 17, 2026 02:02 PM GMT+03:00 ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Technology **Tags:** Canadian, CANDU, firms, hold, minister, nuclear, talks, Technology, Today, Türkiye --- ### [Trump leans on 'communist' messaging as financial angst drives Democrats](https://turkbusinessnews.com/2026/07/10/trump-leans-on-communist-messaging-as-financial-angst-drives-democrats/) **Published:** July 10, 2026 **Author:** spsingh **Content:** President Trump holds a press convention at Beştepe Presidential Compound all the way through the NATO Summit on July 8 in Ankara, Turkey. Chris McGrath/Getty Pictures conceal caption toggle caption Chris McGrath/Getty Pictures President Trump made positive to copy what has grow to be one among his primary assaults on Democrats forward of the autumn midterms prior to leaving an international summit in Turkey ruled via the Iran ceasefire. “I want to get the word out because what’s forming is communism,” Trump mentioned following the NATO summit in Ankara, Turkey. Presidential speeches delivered out of the country frequently elevate as a lot weight with audiences again house as they do with overseas leaders. “Communism is easy to sell,” Trump added. “I would be the greatest communist in history. I’d be right up there with \[former Soviet leader Vladimir\] Lenin.” It is not a brand new tactic for this president. Throughout the ultimate election, when suffering to discover a memorable assault line towards Kamala Harris, Trump sooner or later landed on “Comrade Kamala.” He even shared a pretend picture of the then-vice president chatting with a large crowd bathed in purple mild and waving communist flags. On the time, when pressed in regards to the private assaults, Trump defended the tactic — pronouncing he needed to run his marketing campaign his personal means. “I think we’re hitting a nerve,” Trump mentioned. “It’s a different kind of race. All we have to do is define our opponent as being a communist or a socialist or somebody who is going to destroy our country.” Politicians have used the time period communist so as to assault political warring parties for many years going all of the as far back as the Fifties. It used to be all the way through that duration when Trump — who simply became 80 years outdated — grew up. “This is in his bones,” mentioned Tevi Troy, a presidential historian and previous White Area aide to George W. Bush. Troy mentioned anti-communism used to be now not just a bipartisan factor, it used to be additionally the dominant view in The united states. “And then you add on top of that that his mentor was Roy Cohn. And Roy Cohn was that lawyer, fixer who helped hunt communists under \[former Sen. Joe\] McCarthy,” Troy mentioned. “He worked on the McCarthy staff.” McCarthy’s harsh techniques, although, led to political blowback. Now, Trump has ramped up the anti-communism rhetoric after number one wins via democratic socialist applicants in New York and Colorado. He has additionally painted it as a risk to faith. “They will close your churches in this country if they go communist, and they’re trying to,” Trump mentioned on the Religion & Freedom Coalition convention ultimate month. “They will kill your people and that’s what they’re about. They want to end religion.” Jennifer Stromer-Galley, who research political messaging at Syracuse College, says Trump is conflating democratic socialists with communism with a purpose to energize his base. Democratic Socialists imagine that the economic system will have to now not be pushed via the benefit reason however via the desires of society. They suggest for a point of public possession of portions of the economic system in addition to an higher array of taxpayer funded social methods together with common healthcare and a tax device designed to cut back source of revenue inequality. Communists wish to finish capitalism and exchange it with a device the place nearly all non-public assets is outlawed and the economic system is totally run via the state. Polls display a drop off of Trump enhance on key problems — equivalent to immigration — that experience motivated citizens up to now. “Part of what Trump is doing is creating a new boogeyman,” she mentioned. None of this is occurring in a vacuum. Financial considerations, partly led to via the struggle in Iran, have helped power enhance for some applicants who establish as democratic socialists or again a bigger executive social protection web. And Trump has sought to recast that discuss in ideological and emotional phrases. One query is how a lot resonance the assault line nonetheless has with these days’s citizens. Raymond Robertson, of Texas A&M College’s Bush Faculty of Govt & Public Provider, says whilst the anti-communist label nonetheless carries weight with older citizens, it isn’t such a lot within the mindset of more youthful American citizens. “I think the younger generations don’t have that context because, mainly, they only really remember the first Trump administration and maybe the Obama administration,” he mentioned. “And they don’t remember the end of the Cold War. That is ancient history.” And Robertson says Trump’s complaint of communist affect on Democrats conflicts along with his personal management’s investments in main U.S. industries, equivalent to obtaining a stake in Intel and a quote “golden share” in U.S. Metal. The White Area dismisses the ones claims calling such comparisons “idiotic” and says Trump’s schedule is all for quote “revitalizing American industry and reshoring manufacturing here at home.” ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Press Release **Tags:** angst, communist, Democrats, drives, economic, leans, messaging, Trump --- ### [Putin hails superb chapters in US-Russia ties on Independence Day](https://turkbusinessnews.com/2026/07/10/putin-hails-superb-chapters-in-us-russia-ties-on-independence-day/) **Published:** July 10, 2026 **Author:** spsingh **Content:** Russian President Vladimir Putin congratulated america at the 250th anniversary of its independence on Saturday, praising what he described as centuries of cooperation between the 2 international locations. “Dear Mr President, dear Donald,” Putin wrote in a congratulatory message to US President Donald Trump that used to be printed by way of the Russian Overseas Ministry in Moscow. “The signing of the US Declaration of Independence not only marked the beginning of your nation’s existence but also became a significant milestone in world history,” he wrote. Putin added that Russia, then below the tsars, had “supported the North American colonists in their struggle for freedom from British rule.” Putin highlighted what he known as the “many glorious” chapters within the 250-year historical past of members of the family between the 2 international locations. “We had been allies in two international wars, in combination we freed humanity from the horrors of Nazism, after which performed a very important position in laying the rules of the fashionable international order. And as of late, Russia and america – as the 2 greatest nuclear powers -bear a unique accountability for making sure safety and balance on an international scale.” Ending the message with a handshake emoji, Putin wrote: “I want you, Donald, and your family members well being, well-being, and luck, and happiness and prosperity to all Americans.” ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Business **Tags:** chapters, Day, glorious, hails, Independence, Putin, ties, USRussia --- ### [Turkish power minister meets with Iraqi counterpart in Baghdad](https://turkbusinessnews.com/2026/07/10/turkish-power-minister-meets-with-iraqi-counterpart-in-baghdad/) **Published:** July 10, 2026 **Author:** spsingh **Content:** Turkish Power and Herbal Assets Minister Alparslan Bayraktar stated Thursday that he met with Iraqi Oil Minister Basim Mohammed Khudair in Baghdad to speak about power cooperation between the 2 international locations. In a put up on Türkiye’s NSosyal platform, Bayraktar stated he held “a productive meeting” with Khudair, right through which the 2 aspects reviewed possible spaces of cooperation in oil and herbal fuel, specifically in regards to the Iraq-Türkiye Crude Oil Pipeline. Bayraktar stated making among the best use of present infrastructure and supporting it with new connections bureaucracy the foundation of Türkiye and Iraq’s shared imaginative and prescient for power. “In line with this vision, we are continuing our efforts to transform the Development Road Project not only into a trade and transport corridor, but also into a regional energy route,” he stated. Bayraktar added that Türkiye attaches significance to shifting ahead in shut coordination and cooperation with Iraq’s newly shaped executive. “We believe the concrete steps to be taken within this framework will carry the partnership between the two countries to a higher level,” he stated. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** National **Tags:** Baghdad, counterpart, energy, Iraqi, meets, minister, Turkish --- ### [EU warns of penalties for assaults on civilians in Sudans El-Obeid](https://turkbusinessnews.com/2026/07/10/eu-warns-of-penalties-for-assaults-on-civilians-in-sudans-el-obeid/) **Published:** July 10, 2026 **Author:** spsingh **Content:** The Ecu Union on Friday expressed severe worry over escalating violence in Sudan’s North Kordofan state, urging the Speedy Improve Forces (RSF) to right away halt army operations in and round El-Obeid. In a commentary issued by way of EU international coverage leader Kaja Kallas, the bloc stated it was once “seriously alarmed” by way of the placement in El-Obeid, the state capital, caution {that a} main RSF army buildup threatens roughly 500,000 civilians sheltering within the town, together with round 100,000 internally displaced other people. “The RSF must immediately cease all military operations in and around El-Obeid that put civilians at risks. El-Obeid cannot become another El Fasher,” the commentary stated, regarding the besieged town in Darfur that has witnessed months of intense preventing. The EU referred to as on all events to the battle to totally admire global humanitarian and human rights legislation, together with the safety of civilians, specifically girls and women, in addition to civilian infrastructure. It warned that assaults focused on civilians, fighting their protected passage, or intentionally obstructing humanitarian get admission to would represent violations of global humanitarian legislation and may instructed the bloc to believe “robust measures” towards the ones accountable. The EU additionally recommended international actors to finish any direct or oblique strengthen fueling the battle, mentioning commitments underneath the Berlin Ideas, which urges leaders to safeguard public and environmental well being by way of spotting deep hyperlinks between people, animals and ecosystems. Calling for renewed diplomatic efforts, the bloc recommended the combatants to go back to negotiations geared toward securing an enduring ceasefire, making sure speedy and unimpeded humanitarian get admission to. On Monday, the UN Human Rights Council followed a solution calling for an pressing investigation into violations towards civilians in El-Obeid. The RSF has performed drone assaults on El-Obeid for roughly a month, focused on the town’s major energy station, gasoline amenities and different civilian websites, leaving dozens of other people lifeless and injured. Sudan has been engulfed in battle since April 2023, when preventing erupted between the military and the RSF over plans to combine the paramilitary power into the army. The battle has induced one of the vital international’s worst humanitarian crises, killing tens of hundreds and displacing hundreds of thousands. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** International **Tags:** attacks, civilians, consequences, ElObeid, Sudans, warns --- ### [Türkiye inspects Canadian nuclear generation for its subsequent plant](https://turkbusinessnews.com/2026/07/10/turkiye-inspects-canadian-nuclear-generation-for-its-subsequent-plant/) **Published:** July 10, 2026 **Author:** spsingh **Content:** Power and Herbal Assets Minister Alparslan Bayraktar visited Romania on Wednesday to investigate cross-check a nuclear energy plant the use of Canada’s CANDU reactor generation as Türkiye evaluates choices for its deliberate 3rd nuclear energy station. Consistent with a commentary from the Power Ministry, Bayraktar toured Romania’s Cernavoda Nuclear Energy Plant, which operates two CANDU reactors advanced by means of Canadian engineering company AtkinsRealis. Türkiye is looking for to enlarge its nuclear energy capability past the four-reactor Akkuyu plant, which is being constructed by means of Russia’s state-owned nuclear corporate Rosatom within the southern Mersin province and is predicted to start out producing electrical energy later this 12 months. Ankara plans to build two further large-scale nuclear energy vegetation, one in Sinop at the Black Beach and within the Thrace area, with negotiations proceeding with South Korea for a 2d facility and discussions with Canada accelerating in fresh months for a 3rd challenge. “A critical process is underway for Türkiye,” Bayraktar stated throughout the consult with. Türkiye objectives to succeed in 7.2 gigawatts (GW) of nuclear technology capability by means of 2035 and 20 GW by means of 2050. It plans to counterpoint the normal nuclear vegetation with small modular reactors (SMRs). Akkuyu’s 4 reactors may have a blended put in capability of four,800 megawatts (MW). As soon as all devices are operational, it’s anticipated to offer from 10% to fifteen% of Türkiye’s electrical energy call for. Power and Herbal Assets Minister Alparslan Bayraktar and his delegation consult with the Cernavoda Nuclear Energy Plant, Constanta, Romania, June 17, 2026. (AA Picture) Along with value and electrical energy pricing, Ankara is striking expanding emphasis on localization necessities in ongoing negotiations, looking for to be sure that an important percentage of kit and parts may also be manufactured regionally and built-in into the worldwide nuclear provide chain. Bayraktar stated AtkinsRealis is predicted to satisfy Turkish providers and gear producers later this month or in early July. “We want a nuclear power plant that is competitive, more affordable, highly secure and has a high degree of localization,” he stated. Türkiye has additionally been engaged in long-running discussions with China over nuclear cooperation and has intensified contacts with South Korea in fresh months. Bayraktar stated the consult with to Romania equipped a possibility to inspect operational examples of CANDU generation in a close-by nation with which Türkiye maintains shut family members. Türkiye perspectives nuclear power as a key part of its option to reinforce power safety and succeed in its goal of net-zero emissions by means of 2053. “Türkiye wants access to nuclear power at competitive prices while ensuring the highest safety standards,” Bayraktar stated. “We will move forward with future projects through a more comprehensive approach that also addresses nuclear waste management and fuel supply security.” ![](https://i.hizliresim.com/JN9LXf.png) The Day by day Sabah Publication Stay up-to-the-minute with what’s taking place in Turkey, it’s area and the arena. SIGN ME UP You’ll be able to unsubscribe at any time. Via signing up you’re agreeing to our Phrases of Use and Privateness Coverage. This website is secure by means of reCAPTCHA and the Google Privateness Coverage and Phrases of Carrier follow. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Technology **Tags:** Canadian, inspects, nuclear, plant, Technology, Türkiye --- ### [HEINZ Debuts First-Ever Gravy Condiment Completely for Thanksgiving Leftovers](https://turkbusinessnews.com/2026/07/10/heinz-debuts-first-ever-gravy-condiment-completely-for-thanksgiving-leftovers/) **Published:** July 10, 2026 **Author:** spsingh **Content:** Impressed via the Wet Maker, the long-lasting sandwich from a loved 90’s sitcom, ‘HEINZ Leftover Gravy’ transforms a Thanksgiving staple right into a condiment for the mandatory day-after sandwich PITTSBURGH & CHICAGO–(BUSINESS WIRE)– This Thanksgiving, HEINZ, the worldwide chief in condiments and marketplace chief of US gravy,1 is popping its consideration to the day after Thanksgiving with the debut of HEINZ Leftover Gravy. The primary-ever squeezable bottle of HEINZ Homestyle Turkey Gravy transforms the Thanksgiving staple right into a condiment completely poised for without equal leftover sandwich. The brand new condiment launches as HEINZ doubles down on gravy all the way through its maximum vital time of yr for a rising demographic of millennial hosts who’re redefining vacation traditions. Thanksgiving has developed into greater than only one meal — it’s a multiday birthday party. 94 p.c of American citizens craft Thanksgiving leftover sandwiches and just about part agree that gravy is the must-have factor.2 Impressed via the Wet Maker, a viral sandwich due to a loved 90’s sitcom, HEINZ goes all in on offering hosts the price tag to the deliciously nostalgic leftover sandwich: a slice of bread generously soaked in wealthy gravy. “While HEINZ Gravy has always been a fan favorite on the Thanksgiving table, we decided to focus our attention on the day after ritual—because we all know leftovers are the best part and our unmistakably rich and smooth gravy makes them that much better,” stated Jamie Mack, Affiliate Director of Emblem Communications for HEINZ U.S. “A social media favorite among millennial sitcom-lovers, the Moist Maker epitomized an obsession with holiday food crafted with care and detail. Now, HEINZ is celebrating the fans who share an irrational love of the nostalgic sandwich by providing the key to a delicious day-after sandwich: HEINZ Leftover Gravy.” The brand new condiment launches as HEINZ doubles down on gravy all the way through its maximum vital time of yr for a rising demographic of millennial hosts who’re redefining vacation traditions. Lovers can get a jar of gravy for the large banquet and the day after, making it more uncomplicated than ever to make a leftover sandwich simply as craveable because the banquet itself. Beginning lately, lovers can order a jar of 12oz. HEINZ Homestyle Turkey Gravy on Walmart.com, and obtain a limited-edition HEINZ Leftover Gravy Equipment that includes a Leftover Gravy squeezable bottle and a recipe card for the “Ultimate Thanksgiving Leftovers Sandwich” whilst provides final. 1Circana 2The Harris Ballot on behalf of Alpha Baking Co., Inc., 2023 ABOUT THE KRAFT HEINZ COMPANY We’re riding transformation at The Kraft Heinz Corporate (Nasdaq: KHC), impressed via our Function, Let’s Make Existence Scrumptious. Customers are on the heart of the whole lot we do. With 2024 web gross sales of roughly $26 billion, we’re dedicated to rising our iconic and rising meals and beverage manufacturers on a world scale. We leverage our scale and agility to unharness the overall energy of Kraft Heinz throughout a portfolio of 8 consumer-driven product platforms. As world voters, we are devoted to creating a sustainable, moral affect whilst serving to feed the sector in wholesome, accountable tactics. Be informed extra about our adventure via visiting www.kraftheinzcompany.com or following us on LinkedIn. ![](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20251118856263r1&sid=q4-prod&distro=nx&lang=en) Supply: The Kraft Heinz Corporate ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Press Release **Tags:** Condiment, Debuts, Exclusively, FirstEver, Gravy, HEINZ, Leftovers, Thanksgiving --- ### [Egypt expects €1.5B EU fee inside of days below strengthen bundle](https://turkbusinessnews.com/2026/07/10/egypt-expects-e1-5b-eu-fee-inside-of-days-below-strengthen-bundle/) **Published:** July 10, 2026 **Author:** spsingh **Content:** Egypt stated Saturday it expects to obtain €1.5 billion ($1.77 billion) from the EU inside of days as a part of a broader €7.4 billion monetary strengthen bundle. Abdelatty stated Suica’s discuss with displays rising momentum in Egypt-EU members of the family, with talks specializing in increasing financial and funding cooperation and imposing the EU strengthen bundle. He stated the bundle comprises €5 billion normally price range strengthen for Egypt. In line with Abdelatty, the EU has already distributed €2 billion, whilst the remainder €3 billion might be launched in two installments. He stated Cairo expects to obtain the primary €1.5 billion tranche within the coming days and expressed hope that the second one installment might be transferred subsequent autumn. Abdelatty stated the price range would assist Egypt cope with the affect of regional and global crises. He added that Egypt has misplaced round $10.5 billion in Suez Canal income as a result of regional instability and disruptions to Crimson Sea transport. Suica showed the EU would unlock the €1.5 billion as a part of the agreed bundle, describing Egypt as an “indispensable partner” for balance within the Mediterranean. In December 2024, the Ecu Fee introduced the disbursement of €1 billion to Egypt below the wider monetary and financial strengthen bundle. The bundle additionally comprises €1.8 billion in funding promises for Ecu and Egyptian corporations, together with €600 million for technical help, coaching and capability development during the finish of 2026. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Business **Tags:** 1.5B, days, Egypt, expects, package, payment, support --- ### [Turkish, Iranian overseas ministers speak about regional trends, ceasefire](https://turkbusinessnews.com/2026/07/10/turkish-iranian-overseas-ministers-speak-about-regional-trends-ceasefire/) **Published:** July 10, 2026 **Author:** spsingh **Content:** Turkish Overseas Minister Hakan Fidan mentioned trends within the area and the standing of the ceasefire on Thursday together with his Iranian counterpart, Abbas Araghchi, consistent with Turkish Overseas Ministry assets. Resources mentioned Fidan and Araghchi exchanged perspectives on “the latest developments in the region and the situation regarding the ceasefire” all the way through a decision. No additional information about the dialog had been equipped by means of the assets. The United States has performed moves on Iran for a 2d consecutive day after Tehran focused vessels transiting the Strait of Hormuz, a strategic waterway for international power provides. Iran has insisted that ships coordinate with its government earlier than transiting the strait and has rejected passage thru any course rather then the only it has designated. On June 17, Iran and the United States reached a Pakistan-brokered memorandum of figuring out geared toward finishing their battle and paving the best way for a long-lasting peace settlement. US President Donald Trump mentioned Wednesday, then again, that the settlement used to be “over,” successfully triggering a renewed spherical of army disagreement. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** National **Tags:** ceasefire, developments, discuss, foreign, Iranian, ministers, regional, Turkish --- ### [Palestinians mourn Gaza help employee killed in Israeli strike after organizing International Cup screenings](https://turkbusinessnews.com/2026/07/10/palestinians-mourn-gaza-help-employee-killed-in-israeli-strike-after-organizing-international-cup-screenings/) **Published:** July 10, 2026 **Author:** spsingh **Content:** Palestinians had been broadly sharing the tale of help employee Mohammed al-Wahidi following his dying in an Israeli drone strike in Gaza Town, remembering him for organizing aid efforts and public screenings of FIFA International Cup suits for displaced households. Al-Wahidi, 65, used to be recognized in Gaza for overseeing humanitarian actions and putting in huge outside monitors the place displaced Palestinians may just watch International Cup suits regardless of standard destruction, electrical energy shortages, and mass displacement. In keeping with posts shared by means of Palestinians on social media in contemporary days, al-Wahidi survived an preliminary Israeli drone strike at the car he used to be touring in prior to boarding every other civilian automotive that used to be later struck, killing him. “Israeli military drones pursued Mohammed al-Wahidi twice; they struck the first car he was in and he survived, then he got into another vehicle, which was hit, killing him,” Palestinian Yusuf Fares wrote on Fb, bringing up a member of al-Wahidi’s circle of relatives. In a Fb tribute, his cousin Nizar al-Wahidi wrote that Mohammed al-Wahidi, referred to as Abu Suhaib, “was not spared assassination.” He added that al-Wahidi’s “greatest crime” used to be serving as director of the Place of job of Mukhtars and Neighborhood Leaders on the Egyptian Committee for Reduction of the Displaced in Gaza and serving to get ready public screenings for Egypt’s International Cup fit in opposition to Argentina. All the way through the 2026 FIFA International Cup, al-Wahidi supervised the set up of huge public monitors in displacement spaces throughout Gaza, permitting displaced households, kids, and different citizens to assemble and watch suits regardless of the humanitarian disaster. Many displaced Palestinians now are living in overcrowded tents or broken constructions after Israeli army offensives destroyed their houses and repeated evacuation orders pressured them from their neighborhoods. Al-Wahidi used to be getting ready public viewing spaces forward of Egypt’s Spherical of 16 fit in opposition to Argentina prior to he used to be killed. Egypt used to be eradicated from the event on Tuesday after Argentina got here from two targets all the way down to win 3-2. The Egyptian Reduction Committee in Gaza mentioned in a commentary that al-Wahidi headed its Place of job of Mukhtars and Neighborhood Leaders in Gaza Town. The committee described him as a revered group determine devoted to reconciliation, humanitarian paintings, and serving Palestinian households. In his function, he coordinated with group elders and native leaders, serving to facilitate aid operations and group projects. Mansour showed that al-Wahidi controlled the committee’s Place of job of Mukhtars and Neighborhood Leaders, denying studies circulated on-line that he headed the committee itself. In keeping with an Anadolu correspondent, an Israeli drone struck a civilian car in Gaza Town’s Sabra group on July 7. The strike killed 4 Palestinians, together with two siblings, in addition to al-Wahidi and Ahmed Doghmosh, who have been within the car. The Palestinian Centre for Human Rights mentioned al-Wahidi were getting ready public International Cup viewing spaces prior to the strike, which befell in a while prior to the Egypt-Argentina fit. The rights staff mentioned his killing raises “serious concerns that the (Israeli) occupation is not only killing Palestinians but also seeking to eliminate every space for normal life and collective joy.” It argued that focused on people and projects offering citizens with moments of aid displays a broader coverage geared toward undermining civilian existence and retaining Palestinians beneath consistent concern and deprivation. Loads of Palestinians later attended al-Wahidi’s funeral in Gaza Town, wearing his frame draped within the Palestinian and Egyptian flags. Neighborhood leaders, help employees, and native citizens additionally accrued to supply condolences to his circle of relatives. Gaza has been devastated by means of Israel’s genocidal conflict since Oct. 8, 2023, with greater than 73,000 Palestinians killed and over 173,000 injured, in keeping with Palestinian figures. Israeli assaults have additionally broken or destroyed about 91% of the enclave’s infrastructure. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** International **Tags:** aid, Cup, Gaza, Israeli, killed, mourn, organizing, Palestinians, screenings, strike, worker, World --- ### [US indictment exposes Turkey as key hub in covert Iranian hands pipeline to Sudan - Nordic Track](https://turkbusinessnews.com/2026/07/10/us-indictment-exposes-turkey-as-key-hub-in-covert-iranian-hands-pipeline-to-sudan-nordic-track/) **Published:** July 10, 2026 **Author:** spsingh **Content:** Abdullah Bozkurt/Stockholm A newly unsealed US federal indictment has printed how Turkey emerged as a essential monetary and logistical hub in a sprawling Iranian weapons-trafficking community that provided drones, ammunition and bomb elements to Sudan’s navy. The case exposes shut hyperlinks between Turkish and Iranian protection contractors and displays as soon as once more how Turkish territory, firms and fiscal channels are being exploited to avoid global sanctions and facilitate illicit hands transfers. It additionally issues to a deeper trend of cooperation between components of Turkey’s protection sector and Iranian procurement networks. The 33-page indictment, filed in america District Courtroom for the Central District of California on Might 1, fees Iranian nationwide Shamim Mafi, often referred to as Raheleh Mafi, with conspiring to violate US sanctions regulations by way of brokering huge hands offers involving Iran’s Islamic Innovative Guard Corps (IRGC), Iran’s Ministry of Protection and Armed Forces Logistics (MODAFL) and Sudanese navy entities. Whilst the indictment specializes in sanctions violations and guns trafficking, the courtroom paperwork many times establish Turkey as a most popular operational and fiscal node utilized by the alleged conspirators to transport cash, prepare bills and facilitate delicate transactions related to Iranian navy exports. The indictment and connected FBI affidavit divulge how banks and the company sector as neatly loosely managed foreign currency echange homes in Turkey had been used to switch price range from Sudan to entities and folks related to the Iranian regime. The revelations enhance longstanding warnings by way of the Monetary Motion Job Drive (FATF) about Turkey’s continual shortcomings in preventing terrorism financing and illicit cash flows thru its monetary machine, in particular by the use of loosely regulated cash change homes that allegedly launder billions of bucks once a year for terrorist teams and arranged crime networks. The indictment of Iranian nationwide Shamim Mafi filed in US federal courtroom: FATF put Turkey on its “grey list” in 2021 over severe deficiencies in anti-money laundering and counterterrorism financing controls. Even though Turkey was once got rid of from the listing in 2024 after taking a lot of corrective measures and pledging additional reforms, the newly disclosed US indictment means that vital vulnerabilities stay within the nation’s monetary and regulatory framework. The indictment additionally confirms longstanding issues amongst Western intelligence and regulation enforcement businesses that Turkey has grow to be a permissive setting for sanctions evasion networks tied to Iran, Sudan and different opposed international locations. In line with the indictment, Mafii is an Iranian nationwide who moved to Turkey a while in 2013. For her, Turkey was once no longer simply a transit level however a long-term operational base from which she cultivated industry, intelligence and procurement relationships. She later moved to america to grow to be a lawful everlasting resident dwelling in California and travelled steadily between america, Iran, Turkey, Oman and the United Arab Emirates whilst working Atlas Global Industry LLC, an Oman-based entrance corporate allegedly used to dealer hands gross sales on behalf of Tehran. She additionally maintained a footprint in Turkey’s protection business, forging ties with Turkish protection contractors or even registering companies in Turkey, underscoring the level to which the rustic served as each a business and logistical platform for the community’s actions. Pictures and video despatched by way of Shamim Mafi by the use of WhatsApp on February 26, 2025, after transmitting a signed contract between Atlas World Conserving and Sudan’s Ministry of Protection, appearing the hole of a big crate full of bundles of US $100 expenses, in line with america federal indictment. Mafi’s first husband reportedly labored for Iran’s Ministry of Intelligence and Safety (MOIS), Tehran’s number one civilian intelligence company answerable for each home surveillance and covert overseas operations. She was once additionally stated to have maintained shut ties with senior MOIS figures. In line with the indictment her connections proved influential sufficient that an MOIS reliable organized an exemption for her son from Iran’s obligatory two-year navy carrier. In line with the indictment Mafi was once to begin with steered to ascertain a industry in Los Angeles purportedly to earn commissions by way of serving to Iranian American citizens get to the bottom of disputes involving belongings seized by way of the Iranian executive. US investigators allege that the capital and working prices related to putting in the corporate had been financed by way of an MOIS agent, a element the FBI stated was once in keeping with Iranian intelligence directing and supporting Mafi’s actions on US soil. Investigators stated Mafi remained in shut touch with an Iranian intelligence operative between December 2022 and January 2026, speaking thru WhatsApp and assembly in particular person on a couple of events, in line with the federal indictment. The FBI affidavit connected to the indictment additionally printed MAFI’s political ties to Iran’s ruling status quo. In line with the record, on June 28, 2024, the secretary of the Headquarters for Ethnic, Tribal and Non secular Affairs within the presidential marketing campaign of 1 candidate presented her a place. Even though the affidavit didn’t title the candidate, the outline obviously issues to Iranian Parliament Speaker Mohammad Bagher Ghalibaf. The FBI affidavit main points how Iranian nationwide Shamim Mafi interacted with Iranian officers to acquire hands for Sudan whilst the use of Turkey as a springboard for her illicit actions: The candidate despatched MAFI a letter in Farsi appointing her as head of the Girls’s Headquarters for Ethnic, Tribal and Non secular Affairs for Ghalibaf’s 2024 presidential marketing campaign. The appointment advised that MAFI loved the believe of senior Iranian political figures carefully aligned with the IRGC, given Ghalibaf’s lengthy occupation as a former IRGC Aerospace Drive commander, police leader and Tehran mayor. The FBI affidavit stated MAFI’s appointment to a senior position in Ghalibaf’s presidential marketing campaign indicated that she was once depended on by way of high-ranking Iranian political figures and aligned with their ideology and insurance policies. Investigators assessed that such believe was once in keeping with MAFI performing on behalf of Iranian executive pursuits, together with within the weapons-brokering operations. ![](https://nordicmonitor.com/wp-content/uploads/2026/05/Shamim_Mafi-237x300.jpg "-")Shamim Mafi, who is claimed to have labored for Iranian intelligence products and services, maintained a lavish way of life in america whilst cultivating in depth ties in Turkey, a rustic prosecutors say she used to facilitate illicit fund transfers between Iranian and Sudanese government tied to hands procurement contracts. US prosecutors allege that starting in a minimum of February 2024, Mafi and her pals orchestrated offers involving Iranian-made Mohajer-6 armed drones, aerial bombs, bomb fuses, AK-47 ammunition and different navy {hardware} destined for Sudanese navy entities amid Sudan’s devastating civil battle. The paperwork display that Turkey performed a central position no longer most effective as a transit and coordination level but additionally as a cash-clearing facility designed in particular to steer clear of detection by way of the global monetary machine. One in particular revealing change cited by way of prosecutors concerned cost discussions for a freelance involving 240 million rounds of AK-47 ammunition valued at greater than $100 million. On October 21, 2024, Mafi allegedly suggested a Sudanese middleman to steer clear of formal banking channels and as an alternative use cash-based change methods in Turkey. “I think you should go to the cash transfer process,” Mafi allegedly wrote in a WhatsApp message cited within the indictment. “I know it will be very sensitive. I\[t\] should be in small amounts. In turkey we can just accept in exchange. And it should be in cash.” ![](https://nordicmonitor.com/wp-content/uploads/2026/05/Iranian_arms_for_Sudan-300x268.jpg "-")On September 2, 2024, Shamim Mafi despatched the next images appearing Iranian hands and ammunition to a consultant from the Sudanese Ministry of Protection. The wording strongly suggests reliance on Turkey’s sprawling casual cash change sector, which has lengthy attracted scrutiny for susceptible oversight and vulnerability to cash laundering and sanctions evasion schemes. Underneath power from the FATF, the Islamist executive of Turkish President Recep Tayyip Erdogan offered new reporting necessities for coins change homes so as to deal with Turkey’s longstanding shortcomings in preventing cash laundering and the financing of terrorism. Then again, enforcement of the ones measures remained susceptible and inconsistent, with change homes proceeding to procedure transactions related to terrorist teams and arranged crime syndicates. Mafi’s alleged advice to wreck transfers into smaller quantities thru change homes in Turkey suggests she understood easy methods to circumvent regulatory safeguards and steer clear of triggering monetary pink flags. The indictment additional alleges that bills tied to Iranian drone contracts had been routed thru Turkish change workplaces. On January 13, 2025, Mafi allegedly supplied Sudanese representatives with the touch data for a Turkish cash change area to obtain roughly $2.7 million hooked up to a freelance for Mohajer-6 armed drones. Two days later she reportedly issued a receipt confirming that almost $1 million were gained “through a Turkish money exchange” related to the drone deal. The repeated use of Turkish change networks within the alleged conspiracy is very important as it issues to the operational application of Turkey’s loosely regulated monetary ecosystem for sanctioned actors in quest of to transport price range out of doors typical banking oversight. The indictment additionally alleges that the conspirators deliberate to channel bills thru financial institution accounts in Turkey or the United Arab Emirates on behalf of Iran’s MODAFL, the entity overseeing Iran’s navy procurement and protection industries. ![](https://nordicmonitor.com/wp-content/uploads/2026/05/Iranian_drone-300x168.jpg "-"){A photograph} of an Iranian-made Quds Mohajer-6 (“M-6”) armed drone, acquired from Shamim Mafi’s telephone, was once offered as proof within the FBI affidavit. A January 2025 modification to the drone contract reportedly said that bills could be made “to an account provided by MODAFL in the UAE or Turkey,” indicating that Iranian defense-linked entities had been the use of monetary channels in each nations to facilitate transactions tied to the guns deal. The reference additionally means that Iran maintained get entry to to banking preparations in Turkey that may be used to procedure delicate monetary transactions in spite of global sanctions and export-control restrictions. US prosecutors additional cited proof that an organization related to Mafi in Turkey would facilitate ammunition deliveries. In August 2024 Mafi knowledgeable Sudanese representatives that 10 million rounds of ammunition “were ready” and that the transaction could be organized thru “a company in Turkey associated with defendant MAFI.” The courtroom submitting outlines how Mafi and her pals allegedly coordinated at once with Iranian navy and protection officers, together with body of workers related to the IRGC, MODAFL, the Protection Industries Group (DIO) and the Aerospace Industries Group (AIO). One phase of the indictment alleges that Mafi officially petitioned the IRGC’s Deputy Directorate of Readiness and Improve to authorize the export of 55,000 bomb fuses to Sudan. The contract required advance bills to a foreign money change in Turkey, Probably the most vital revelations within the FBI affidavit issues the obvious involvement of a Turkish protection contractor within the broader Iranian guns procurement and export community. In line with the record, investigators found out that Shamim Mafi possessed a 352-page gross sales brochure from an unnamed “Turkish defense company,” described within the affidavit as “one of the largest all-round defence manufacturers and suppliers in Turkey.” The catalog allegedly featured OJAN-500 aerial bombs — unguided air-dropped munitions of Iranian foundation — that prosecutors say had been being advertised for Sudan as a part of the covert hands offers orchestrated by way of Mafi and her pals. The presence of the Iranian bombs within the Turkish corporate’s promotional fabrics suggests a imaginable overlap between Turkish defense-sector intermediaries and Iranian navy procurement networks working in violation of global sanctions. The affidavit suggests the Turkish corporate’s fabrics had been being utilized in reference to Iranian guns procurement and export negotiations, elevating questions on imaginable overlap between Turkish defense-sector intermediaries and Iran’s navy export equipment. Investigators famous that the OJAN-500 bomb was once related to Iran’s Ministry of Protection Export Middle (MINDEX) and described it as an Iranian-designed high-explosive aerial bomb meant to be used towards floor objectives together with constructions, fortifications and troop concentrations. Some other hanging element emerged from an FBI abstract of Mafi’s December 2024 interview with US Customs officers. In line with the affidavit, Mafi stated she was once touring to Turkey to satisfy an established industry spouse hired by way of the unnamed Turkish protection contractor and claimed she had prior to now offered him to Iranian firms throughout conferences held in Iran. ![](https://nordicmonitor.com/wp-content/uploads/2026/05/Iran_aerial_bombs-300x159.jpg "-")Symbol from a 352-page brochure belonging to an unnamed Turkish protection contractor described within the FBI affidavit as “one of the largest all-round defence manufacturers and suppliers in Turkey,” that includes the Iranian-origin OJAN-500 unguided aerial bomb and its technical specs. She reportedly informed investigators that she had previous labored for the Turkish businessman as an interpreter and had individually accompanied him throughout visits to Iran, the place she facilitated contacts and introductions with Iranian firms. The account means that Mafi performed an energetic middleman position linking Turkish defense-sector figures with Iranian firms tied to navy procurement and arms-related industry actions. Maximum particularly, the affidavit states that Mafi informed investigators that “many Turkish defense firms acquired their technology from Iran, purchasing Iranian military equipment and then reverse-engineering it for mass production.” If corroborated, the declare will have far-reaching implications, suggesting that Iranian navy generation could have discovered its method into segments of Turkey’s protection manufacturing chain in spite of global sanctions and export restrictions. The case sheds mild at the more and more subtle strategies utilized by Iranian procurement and hands trafficking networks to take advantage of regional jurisdictions that care for in depth business ties with Tehran whilst additionally holding family members with Western nations. Turkey occupies a in particular strategic place in that ecosystem. In spite of being a NATO member, the Erdogan executive has deepened financial, political and intelligence ties with Iran within the closing decade whilst resisting stricter enforcement of Western sanctions regimes. ![](https://nordicmonitor.com/wp-content/uploads/2026/05/Iran_Turkey_Sudan_arms-300x200.jpg "-") Turkish banks, gold buyers, change workplaces and logistics firms have many times surfaced in main sanctions evasion investigations lately. Essentially the most infamous instance was once the multibillion-dollar Iran sanctions-busting operation run thru Turkey’s state-owned Halkbank, which US prosecutors stated helped Tehran secretly transfer billions of bucks in oil income thru fraudulent gold and meals transactions. The newest indictment means that an identical vulnerabilities live on in Turkey’s monetary and business methods, in particular thru casual change mechanisms that allow huge coins actions with restricted transparency. The case additionally raises broader geopolitical issues since the alleged Iranian hands shipments had been meant for Sudan’s navy throughout an energetic civil struggle that has devastated the rustic and brought about one of the crucial international’s worst humanitarian crises. In line with prosecutors Mafi admitted throughout an April 18, 2026, FBI interview at Los Angeles Global Airport that she knew her actions violated US sanctions on Iran. The indictment seeks prison forfeiture of belongings allegedly derived from the scheme and costs Mafi with conspiracy, sanctions violations and helping and abetting offenses below the Global Emergency Financial Powers Act (IEEPA). Because the case strikes ahead, further co-conspirators founded in Turkey may probably face indictment as neatly, or prosecutors would possibly a minimum of divulge the identities of the Turkish entities and people who allegedly labored with Mafi in facilitating the procurement, financing and switch of Iranian guns methods and military-related elements. The case is prone to accentuate scrutiny on Turkey’s position as a permissive jurisdiction for sanctions evasion, illicit finance and covert procurement networks related to Iran’s military-industrial advanced. As Western governments tighten enforcement towards Iranian guns proliferation, Turkish monetary and business channels would possibly more and more come below the microscope of US and Ecu investigators. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Finance **Tags:** arms, covert, exposes, hub, indictment, Iranian, key, Monitor, Nordic, pipeline, Sudan, Turkey --- ### [TRT International - Türkiye showcases innovation with 26 startups at VivaTech 2026](https://turkbusinessnews.com/2026/07/10/trt-international-turkiye-showcases-innovation-with-26-startups-at-vivatech-2026/) **Published:** July 10, 2026 **Author:** spsingh **Content:** Kacir mentioned the start-ups are presenting their services to traders and serving to advertise each their companies and Türkiye’s generation ecosystem. “As the Ministry of Industry and Technology, together with our Presidency Investment and Finance Office, we support the participation of Türkiye’s technology start-ups in international platforms under the Turcorn 100 programme,” he mentioned. Kacir mentioned Türkiye’s innovation ecosystem now comprises greater than 13,000 generation start-ups running in 114 technoparks, together with just about 3,000 early-stage ventures. Comparable “Our goal is to see 100,000 technology start-ups established in Türkiye by 2030 and to increase the valuation of our Turcorns, Turkish technology ventures worth more than $1 billion, to $100 billion,” he mentioned. He added that Türkiye would proceed to advance its Nationwide Era Initiative below the management of President Recep Tayyip Erdogan. “We will continue to strengthen our ambition to be a country that develops its own domestic and national technology products and services with its own resources and people and can offer them competitively to the world,” Kacir mentioned. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Technology **Tags:** innovation, showcases, startups, TRT, Türkiye, VivaTech, World --- ### [Citius Oncology Expands LYMPHIR™ Distribution to Turkey and Center East International locations Via Unique Settlement with Er-Kim](https://turkbusinessnews.com/2026/07/10/citius-oncology-expands-lymphir-distribution-to-turkey-and-center-east-international-locations-via-unique-settlement-with-er-kim/) **Published:** July 10, 2026 **Author:** spsingh **Content:** Partnership expands get admission to to LYMPHIR for sufferers with cutaneous T-cell lymphoma throughout Turkey, Bahrain, Qatar, Oman, Kuwait, Saudi Arabia, and the UAE LYMPHIR global availability extends to 19 markets outdoor the U.S. The settlement expands Citius Oncology’s global solution to a complete of nineteen markets outdoor the U.S. leveraging Named Affected person Systems. Those techniques supply get admission to, the place accredited via native regulation, and don’t represent advertisement approval of LYMPHIR outdoor america. In October 2025, Citius Oncology introduced get admission to to LYMPHIR in Greece, Cyprus, Malta, Bulgaria, Romania, Croatia, Serbia, Albania, Bosnia Herzegovina, Kosovo, Montenegro and North Macedonia. “This agreement represents a significant milestone in our global expansion strategy,” mentioned Leonard Mazur, Chairman and CEO of Citius Oncology and Citius Prescription drugs. “Er-Kim has deep industry experience and a strong track record of providing access to oncology therapies in complex international markets. Their local expertise and regulatory capabilities make them an ideal partner as we work to expand access to LYMPHIR in support of patients and providers across Turkey and the GCC.” Er-Kim might be chargeable for gross sales, advertising and marketing and repayment actions, underneath acceptable regulations, in every territory. Citius Oncology will provide completed product and fortify Er-Kim’s efforts as a part of the settlement. This partnership underscores Citius Oncology’s ongoing dedication to develop get admission to to leading edge oncology remedies thru strategic collaborations with skilled international companions. About LYMPHIR™ (denileukin diftitox-cxdl) LYMPHIR is a centered immune remedy for relapsed or refractory cutaneous T-cell lymphoma (CTCL) indicated to be used in Degree I-III illness after a minimum of one prior systemic remedy. This is a recombinant fusion protein that mixes the IL-2 receptor binding area with diphtheria toxin (DT) fragments. The agent in particular binds to IL-2 receptors at the cellular floor, inflicting diphtheria toxin fragments that experience entered cells to inhibit protein synthesis. After uptake into the cellular, the DT fragment is cleaved and the loose DT fragments inhibit protein synthesis, leading to cellular dying. Denileukin diftitox-cxdl demonstrated the power to dissipate immunosuppressive regulatory T lymphocytes (Tregs) and antitumor job thru an instantaneous cytocidal motion on IL-2R-expressing tumors. In 2021, denileukin diftitox gained regulatory approval in Japan for the remedy of relapsed or refractory CTCL and peripheral T-cell lymphoma (PTCL). Therefore, in 2021, Citius bought an unique license with rights to increase and commercialize denileukin diftitox in all markets except for for India, Japan and likely portions of Asia. LYMPHIR (denileukin diftitox-cxdl) was once licensed via the FDA and due to this fact introduced within the U.S. in December 2025. About Cutaneous T-cell Lymphoma Cutaneous T-cell lymphoma is a kind of cutaneous non-Hodgkin lymphoma (NHL) that is available in numerous bureaucracy and is the most typical form of cutaneous lymphoma. In CTCL, T-cells, a kind of lymphocyte that performs a task within the immune gadget, turn into cancerous and transform pores and skin lesions, resulting in a lower within the high quality of lifetime of sufferers with this illness because of critical ache and pruritus. Mycosis Fungoides (MF) and Sézary Syndrome (SS) contain the vast majority of CTCL circumstances. Relying on the kind of CTCL, the illness might growth slowly and will take anyplace from a number of years to upwards of ten to probably succeed in tumor degree. Alternatively, as soon as the illness reaches this degree, the most cancers is very malignant and will unfold to the lymph nodes and inner organs, leading to a deficient analysis. Given the period of the illness, sufferers generally cycle thru more than one brokers to regulate illness development. CTCL impacts males two times as regularly as ladies and is generally first recognized in sufferers between the ages of fifty and 60 years of age. Rather than allogeneic stem cellular transplantation, for which just a small fraction of sufferers qualify, there may be lately no healing remedy for complicated CTCL. About Citius Oncology, Inc. Citius Oncology, Inc. (Nasdaq: CTOR) is a platform to increase and commercialize novel centered oncology remedies. In December 2025, Citius Oncology introduced LYMPHIR, licensed via the FDA for the remedy of adults with relapsed or refractory Degree I–III CTCL who had had a minimum of one prior systemic remedy. Control estimates the preliminary marketplace for LYMPHIR lately exceeds $400 million, is rising, and is underserved via present remedies. Tough highbrow assets protections that span orphan drug designation, advanced era, industry secrets and techniques and pending patents for immuno-oncology use as a mix remedy with checkpoint inhibitors would additional fortify Citius Oncology’s aggressive positioning. For more info, please talk over with www.citiusonc.com. About Citius Prescription drugs, Inc. Citius Prescription drugs, Inc. (Nasdaq: CTXR) is a biopharmaceutical corporate devoted to the advance and commercialization of first-in-class important care merchandise. Citius Pharma owns 79% of Citius Oncology. In December 2025, Citius Oncology introduced LYMPHIR, a centered immunotherapy for the remedy of adults with relapsed or refractory Degree I–III CTCL who had had a minimum of one prior systemic remedy. Citius Pharma’s late-stage pipeline additionally contains Mino-Lok®, a catheter lock option to salvage catheters in sufferers with catheter-related bloodstream infections, and CITI-002 (Halo-Lido), a topical system for the relaxation of hemorrhoids. A pivotal Section 3 trial for Mino-Lok and a Section 2b trial for Halo-Lido have been finished in 2023. Mino-Lok met number one and secondary endpoints of its Section 3 trial. Citius Pharma is actively engaged with the FDA to stipulate subsequent steps for each techniques. For more info, please talk over with www.citiuspharma.com. About Er-Kim Established in 1981, Er-Kim stands at the leading edge of biopharmaceutical innovation, environment new commercialization and affected person get admission to requirements. Via strategic partnerships with over 40 international leaders, Er-Kim distributes greater than 68 merchandise to 50+ international locations, revolutionizing affected person care in global markets via fixing advanced distribution demanding situations. Er-Kim has a devoted group of over 300 execs international and revenues exceeding EUR 305M. For more info, please talk over with https://www.er-kim.com. Ahead-Taking a look Statements This press liberate might include “forward-looking statements” throughout the which means of Segment 27A of the Securities Act of 1933 and Segment 21E of the Securities Alternate Act of 1934. Such statements are made in accordance with our expectancies and ideology relating to long run occasions impacting Citius Oncology. You’ll determine those statements via the truth that they use phrases corresponding to “will,” “anticipate,” “estimate,” “expect,” “plan,” “should,” and “may” and different phrases and phrases of equivalent which means or use of long run dates. Ahead-looking statements are in accordance with control’s present expectancies and are topic to dangers and uncertainties that would negatively impact our industry, working effects, monetary situation and inventory value. Elements that would reason exact effects to fluctuate materially from the ones lately expected, and, except famous another way, that observe to Citius Oncology, are: our want for really extensive further price range and our talent to boost further cash to fund our operations for no less than the following 365 days as a going fear; our talent to effectively commercialize LYMPHIR and identify a sustainable income move; the estimated markets for LYMPHIR and our product applicants and the acceptance thereof via any marketplace; our talent to protected strategic partnerships and enlarge global get admission to to LYMPHIR; our talent to make use of the most recent era to fortify our commercialization efforts; doctor and affected person acceptance of LYMPHIR in a aggressive remedy panorama; our reliance on third-party logistics suppliers, vendors, and strong point pharmacies to fortify advertisement operations; our talent to teach suppliers and payers, protected ok repayment, and handle uninterrupted product provide; post-marketing necessities and ongoing regulatory compliance associated with LYMPHIR; the power of LYMPHIR and our product applicants to have an effect on the standard of lifetime of our goal affected person populations; dangers in terms of the result of analysis and construction actions, together with the ones from our present and any new pipeline property; our talent to acquire cGMP commercial-scale provide; our talent to acquire, carry out underneath and handle financing and strategic agreements and relationships; our talent to handle Nasdaq’s persevered checklist requirements; marketplace and different prerequisites; dangers associated with our expansion technique; patent and highbrow assets issues; our talent to spot, gain, shut and combine product applicants and corporations effectively and on a well timed foundation; executive law; in addition to different dangers described in our Securities and Alternate Fee (“SEC”) filings. Those dangers had been and could also be additional impacted via any long run public well being dangers. Accordingly, those forward-looking statements don’t represent promises of long run efficiency, and you’re cautioned to not position undue reliance on those forward-looking statements. Dangers referring to our industry are described intimately in our SEC filings that are to be had at the SEC’s site at www.sec.gov, together with in Citius Oncology’s Annual Record on Shape 10-Ok for the yr ended September 30, 2024, filed with the SEC on December 27, 2024, as amended on January 27, 2025, as up to date via our next filings with the SEC. Those forward-looking statements discuss most effective as of the date hereof, and we expressly disclaim any legal responsibility or endeavor to liberate publicly any updates or revisions to any forward-looking statements contained herein to mirror any exchange in our expectancies or any adjustments in occasions, prerequisites or instances on which the sort of commentary is primarily based, except for as required via regulation. SOURCE Citius Oncology, Inc. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Press Release **Tags:** agreement, Citius, Countries, Distribution, East, ErKim, Exclusive, Expands, LYMPHIR, Middle, Oncology, Turkey --- ### [Türkiye, Pakistan search to deepen financial ties, spice up industry to $5B](https://turkbusinessnews.com/2026/07/10/turkiye-pakistan-search-to-deepen-financial-ties-spice-up-industry-to-5b/) **Published:** July 10, 2026 **Author:** spsingh **Content:** Türkiye and Pakistan must flip their long-standing brotherly ties into more potent financial cooperation, Turkish Vice President Cevdet Yilmaz mentioned Saturday. Talking on the Türkiye-Pakistan Trade and Funding Discussion board in Istanbul along Pakistani High Minister Shehbaz Sharif, Yilmaz mentioned the friendship between the 2 international locations has at all times been constructed on “strong emotional bonds.” “Now we must make this friendship equally strong in trade, investment, technology and production,” he mentioned. Yilmaz mentioned the 2 international locations goal to lift bilateral industry quantity to $5 billion, a goal agreed by means of Turkish President Recep Tayyip Erdogan and Sharif. He famous that present industry, at round $1.2 billion closing 12 months, stays underneath possible, and that the $5 billion goal must be observed as “modest” and raised additional. Yilmaz mentioned Turkish direct investments in Pakistan have exceeded $2 billion, whilst Turkish contractors have finished 74 initiatives price about $3.5 billion within the nation. He mentioned Ankara and Islamabad may additional extend cooperation in spaces together with car, agriculture applied sciences, meals processing, clinical gadgets, renewable power, knowledge applied sciences, e-commerce, protection trade, shipbuilding, tourism, and movie and tv manufacturing. Yilmaz additionally welcomed an offer to allocate a different zone for Turkish buyers within the Karachi Business Park, pronouncing it would upload a “new strategic dimension” to the commercial partnership. Sharif, for his section, mentioned Türkiye is one among Pakistan’s “most loyal allies” and praised Ankara’s enhance for Islamabad. He referred to as for the information mentioned on the discussion board to be changed into concrete effects, pronouncing the 2 international locations must transfer temporarily to turn into their friendship into deeper financial cooperation. The discussion board used to be additionally attended by means of Turkish Business and Era Minister Mehmet Fatih Kacir, Industry Minister Omer Bolat, Power and Herbal Sources Minister Alparslan Bayraktar, Pakistani ministers, and trade representatives from each international locations. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Business **Tags:** Boost, deepen, economic, Pakistan, seek, ties, trade, Türkiye --- ### [Turkish first girl hopes NATO summit strengthens accept as true with, cooperation](https://turkbusinessnews.com/2026/07/10/turkish-first-girl-hopes-nato-summit-strengthens-accept-as-true-with-cooperation/) **Published:** July 10, 2026 **Author:** spsingh **Content:** Turkish first girl Emine Erdoğan expressed hope Thursday that the thirty sixth NATO Heads of State and Executive Summit in Ankara would fortify accept as true with and foster a tradition of cooperation. “I hope the NATO Ankara Summit brings benefits to our country and to humanity. I wish this historic summit to become a turning point that reinforces trust for humanity, strengthens the culture of reconciliation, and opens the door to new hopes,” Emine Erdoğan mentioned in a publish on Turkish social media platform NSosyal. She additionally shared a video that includes scenes from the summit. The Ankara assembly marks the second one NATO summit hosted through Türkiye, following the 2004 Istanbul summit. The collection additionally supplied a platform for bilateral conferences between Türkiye and allied international locations and spouse countries on political, safety and financial cooperation. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** National **Tags:** cooperation, hopes, lady, NATO, strengthens, summit, trust, Turkish --- ### [Türkiye advancing towards changing into some of the poles of the brand new global device: Erdoğan](https://turkbusinessnews.com/2026/07/10/turkiye-advancing-towards-changing-into-some-of-the-poles-of-the-brand-new-global-device-erdogan/) **Published:** July 10, 2026 **Author:** spsingh **Content:** Turkish President Recep Tayyip Erdoğan on Friday stressed out Türkiye’s advance towards changing into “one of the poles of the new international system” at a time when the worldwide safety paradigm is present process “a radical transformation.” Talking on the Nationwide Protection College commencement rite, he stated synthetic intelligence and rising applied sciences are profoundly reshaping each and every side of lifestyles, from schooling and healthcare to finance, transportation, and public products and services, including that their affect is much more obvious in protection and safety. “Wars are no longer fought only on the battlefield. They are also waged through cyberattacks and disinformation campaigns. Critical infrastructure, energy transmission lines, and trade routes are being targeted by kamikaze drones,” Erdoğan stated, noting the rising function of unmanned aerial and naval automobiles, in addition to synthetic intelligence-driven instrument in figuring out the end result of army operations. Erdoğan stressed out that on this setting, the place reconnaissance and real-time intelligence have transform indispensable power multipliers, making plans, command, and keep an eye on are extra essential than ever. – Türkiye’s protection trade manufacturing reaches 82% home manufacturing He additionally famous that Türkiye’s protection trade manufacturing has completed an 82% home manufacturing fee, including that the goods are examined at once within the box and repeatedly delicate and up to date in response to comments. Erdoğan stated engineers, instrument builders, technicians, and just about 4,000 firms working within the protection sector proceed so as to add new achievements each day, stressing that those advances have enabled Türkiye to equip its safety forces with locally produced, cutting-edge apparatus. Highlighting the rustic’s rising protection exports, Erdoğan stated it exported greater than $11 billion in protection and aerospace merchandise during the last twelve months, surroundings a brand new document. “Our (defense) exports this January-June reached $4.665 billion, up nearly 30% from the same period last year. In June alone, we exported products worth $803 million,” he stated. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** International **Tags:** advancing, Erdoğan, international, poles, system, Türkiye --- ### [Turkey passes tax amnesty as warfare lines financial system](https://turkbusinessnews.com/2026/07/10/turkey-passes-tax-amnesty-as-warfare-lines-financial-system/) **Published:** July 10, 2026 **Author:** spsingh **Content:** Release the Editor’s Digest totally free Turkey’s parliament has handed an bold bundle of tax incentives to fortify suffering exporters by means of halving their tax charges, whilst additionally boosting foreign currency echange reserves by way of an amnesty on repatriated wealth. The measures, authorized on Thursday, come because the Iran warfare has positioned Turkey’s energy-importing financial system beneath rising pressure, with many exporters complaining that the rustic’s sturdy trade charge coverage makes them uncompetitive. The federal government has framed the reforms, which come with a 20-year exemption on overseas source of revenue, as a part of its efforts to draw multinational corporations and globally cellular wealth that has been displaced by means of the Iran struggle and instability within the Gulf. Finance minister Mehmet Şimşek has stated the measures, which come with a 100 in step with cent tax exemption for monetary services and products corporations based totally in Istanbul’s monetary centre, would put Turkey consistent with different international monetary centres equivalent to Hong Kong and Singapore. In spite of the swingeing tax breaks, buyers and economists stated they doubted the measures would have a lot financial have an effect on, on the other hand, pointing to seven earlier tax amnesties since 2008 that failed to draw huge capital inflows. Finance minister Mehmet Şimşek © Umit Bektas/Reuters “It’s a tactic, the kind of thing you deploy when in trouble,” stated one businessperson, who requested to stay nameless. “It’s not a game-changer.” One of the most key measures is a halving of company tax charges to twelve in step with cent from 25 in step with cent for corporations that export manufactured items. Trade leaders stated the transfer recognised the difficulties that exporters had been having because of the an increasing number of overestimated lira, which has contributed to a widening present account deficit. On the similar time, whilst providing reduction, the measure left the forex solid as a result of letting it depreciate all of a sudden would gasoline inflation this is already working at 33 in step with cent. “The government is sending a very clear message,” Burhan Özdemir, president of the pro-government industry chamber MÜSİAD, advised native media final week. “‘Since competitiveness is a concern, I won’t collect \[as much\] corporate tax, but don’t expect me to \[loosen\] the exchange rate . . . because \[then\] I can’t control inflation.’” In spite of the warfare in Iran, Turkey has remained “an island of stability”, President Recep Tayyip Erdoğan stated this week, a geopolitical feat an increasing number of valued by means of the rustic’s Nato allies, a lot of which might be anticipated to improve their defence ties with Turkey at a key Nato leaders summit in Ankara this July. Then again, macroeconomic instability and an unsure funding local weather have persisted to discourage overseas companies and home funding. Justice minister Akın Gürlek has tacitly admitted that criminal lack of confidence is an issue. “Foreign investors, when coming to Turkey, primarily seek legal security,” he advised a up to date industry discussion board. “We want to create legal security . . . so that investors come.” In his earlier publish as Istanbul leader prosecutor, Gürlek led the investigation into Ekrem İmamoğlu, the opposition mayor of Istanbul. İmamoğlu, extensively noticed as Erdoğan’s primary political rival, is these days dealing with trial on corruption fees in a case that might ship him to prison for two,430 years. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Finance **Tags:** amnesty, economy, passes, strains, tax, Turkey, war --- ### [Türkiye unveils nationwide quantum expertise imaginative and prescient](https://turkbusinessnews.com/2026/07/10/turkiye-unveils-nationwide-quantum-expertise-imaginative-and-prescient/) **Published:** July 10, 2026 **Author:** spsingh **Content:** Türkiye has unveiled its strategic roadmap for quantum applied sciences beneath the SSB Quantum Program, outlining plans to fortify home functions in next-generation computing, communications and defense-related programs. The release match, hosted by way of the Protection Industries Secretariat (SSB), introduced in combination Upper Training Council (YÖK) President Erol Özvar, college rectors, teachers and sector representatives. Talking on the match, Turkish Protection Industries Secretary Haluk Görgün mentioned this system units out a powerful imaginative and prescient for the way forward for the protection trade, Türkiye’s technological independence and the safety structure of the approaching duration. Görgün mentioned quantum applied sciences have moved past being a theoretical clinical box and feature turn into a strategic capacity space. New-generation functions in computing, sensing and communications will without delay form the way forward for the protection trade, he mentioned, including that quantum applied sciences be offering strategic benefits in spaces starting from cryptology, optimization, knowledge research and simulation to signal-independent navigation programs. Görgün mentioned Türkiye is in an international race on this box and will have to broaden its personal agile methods and roadmaps whilst taking nationwide priorities into consideration. “Dependence on vital applied sciences isn’t simply a procurement factor, however an issue of whether or not sovereignty is silently transferred or now not,” he mentioned. He mentioned Türkiye has decreased exterior dependence within the protection trade over the last twenty years beneath the management of President Recep Tayyip Erdoğan, remodeling box enjoy from safety forces into indigenous merchandise and functions. Görgün mentioned the protection trade type advanced in Türkiye is being intently adopted globally, now not most effective on account of cost-effective and technology-intensive merchandise, but in addition because of the efficiency of Turkish protection firms that experience entered international top-100 ratings. Türkiye’s accrued engineering capability, deepening ecosystem and rising enjoy have created sturdy self-confidence, he added. “The age we’re in is one the place the ones making an investment in the precise vital applied sciences on the proper time protected their nationwide sovereignty and form it with their very own will,” Görgün mentioned. He stressed out that simply looking to live on can’t be regarded as a technique, including that Türkiye will have to turn into a decisive actor in unique merchandise and important functions. Görgün additionally highlighted the significance of human assets, announcing the Nationwide Competence Initiative was once introduced with Erdoğan’s approval to outline the ability units wanted these days and sooner or later. He mentioned the typical age in Türkiye’s protection trade is 34, making the field no less than twenty years more youthful than its opposite numbers in advanced nations. Türkiye ranks eleventh globally in protection trade exports, he added. Those incorporated the Superconducting Quantum Processor Unit Building Undertaking, the Kerteriz Undertaking at the use and demonstration of quantum magnetometers for navigation and submarine detection, the Protection Business Quantum Applied sciences Strategic Competence Building Cooperation Protocol, and the SSB Quantum Set of rules Festival. The development additionally featured a presentation at the SSB Quantum Program by way of officers from the SSB Analysis and Building and Generation Control Division, in addition to knowledge at the newly introduced Türkiye Quantum Platform. The Day by day Sabah Publication Stay up to the moment with what’s going down in Turkey, it’s area and the sector. SIGN ME UP You’ll unsubscribe at any time. Via signing up you might be agreeing to our Phrases of Use and Privateness Coverage. This website online is safe by way of reCAPTCHA and the Google Privateness Coverage and Phrases of Provider observe. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Technology **Tags:** National, quantum, Technology, Türkiye, unveils, vision --- ### [2026 Spring Wild Turkey Looking Season Opens April 29](https://turkbusinessnews.com/2026/07/10/2026-spring-wild-turkey-looking-season-opens-april-29/) **Published:** July 10, 2026 **Author:** spsingh **Content:** Press Releases 04/27/2026 Hunters and Different Out of doors Customers Inspired to Recreate Responsibly Correction: This model corrects the harvest restrict to 5 bearded birds consistent with season. (HARTFORD) — The Connecticut Division of Power and Environmental Coverage (DEEP) reminds hunters and different outside customers that the 2026 Connecticut spring wild turkey looking season will likely be April 29 via Might 30, each dates inclusive. All outside fans are inspired to concentrate on others and recreate responsibly at a time of 12 months when expanding numbers of persons are playing the outside, together with spaces the place looking could also be going on. “In addition to longer and warmer days, spring marks the start of turkey hunting season, a favorite pastime for many Connecticut hunters,” stated DEEP Commissioner Katie Dykes. “Wild turkeys are a conservation success story, with populations rebounding over the past few decades. Our mixed hardwood forests and adjacent agricultural lands offer ideal habitat and plentiful forage.” Criminal spring turkey looking hours are from one-half hour prior to first light till sundown. Hunters would possibly harvest a complete of 5 bearded birds, without reference to belongings kind (state-owned or non-public land). Because of a legislation handed in 2025, looking is now allowed on Sundays on non-public lands best, equipped no looking happens inside of 40 yards of any blazed path open to the general public. “Spring turkey hunting requires preparation, patience, and persistence to help maintain a safe hunting experience and the opportunity to harvest a turkey,” stated DEEP Natural world Department Biologist Will Cassidy. “Scouting, calling, and hunting techniques for turkeys can be learned by attending seminars, reading articles, watching videos, and talking with experienced turkey hunters.” Advisable Protection Precautions All through Spring Turkey Looking Season Put on Fluorescent Orange. Turkey hunters don’t seem to be required to put on fluorescent orange however are strongly advisable to put on fluorescent orange when strolling out and in of the woods, to hold harvested birds in a fluorescent orange provider, and to protected a fluorescent orange band round a tree roughly six toes above their looking spot to alert different hunters to their location. DEEP additionally extremely recommends that everybody visiting state lands put on an editorial of fluorescent orange clothes (e.g., vest or hat) right through the looking season to care for a secure outside surroundings for everybody. Should you come across a hunter within the woods, stay nonetheless and discuss in a noisy transparent voice to announce your presence. Hunters are strongly advisable to do away with the colours pink, white, blue, and black from their looking outfit as those colours are related to wild turkeys. Hunters must all the time bear in mind that folks could also be outside in spaces the place they’re looking and must all the time suppose that any noise or motion may well be someone else. DEEP encourages all hunters to seek safely and responsibly to verify outside alternatives stay to be had for all. Further protection pointers and suggestions for turkey hunters can also be discovered right here at the DEEP webpage. Further Data Looking licenses and Resident Recreation Chook Conservation Stamps, which might be required for turkey looking, can also be bought by the use of the Connecticut On-line Sportsmen Licensing Machine. In addition they can also be bought at some the city halls and outside retail companies and choose DEEP places of work. Extra main points can also be discovered within the 2026 Connecticut Looking and Trapping Information. Turkey hunters who hunt on non-public land are reminded that written landowner permission, on a kind equipped by means of DEEP, is needed. Bureaucracy are to be had right here at the CT DEEP website online and within the 2026 Connecticut Looking and Trapping Information. All harvested turkeys should be tagged in an instant and reported to DEEP on-line or by means of telephone (1-877-337-4868) inside of 24 hours. Hunters should tag their turkeys with a 2026 Harvest Tag. Copies of the 2026 Harvest Tags and directions are on web page 42 of the 2026 Connecticut Looking and Trapping Information and in addition are to be had at the DEEP Reporting Deer and Turkey Harvest webpage. After reporting their harvest by the use of the Web or by means of phone, hunters will likely be given a affirmation quantity to jot down on their Harvest Tag. This affirmation quantity serves as evidence that the harvest was once legally reported. Junior Hunter Coaching Days Every 12 months, Connecticut designates particular days when skilled grownup hunters are inspired to take a adolescence looking, serving to them be informed secure and efficient looking practices, increase observational abilities, and achieve self assurance and a convenience stage had to additional their looking abilities. The 2026 Spring Turkey Junior Hunter Coaching Days came about Saturday, April 18, via Saturday, April 25, 2026 (apart from Sunday on state land). Extra main points can also be discovered at the DEEP Junior Hunter Coaching Days webpage. Additional information at the spring turkey season, looking laws, junior hunter coaching days, and tagging and reporting necessities is contained within the 2026 Connecticut Looking and Trapping Information. ![two wild turkies](https://portal.ct.gov/-/media/deep/press_releases/2020/witurkey04_fusco_2.jpg?rev=159659603f1d425ca81c74cf6a5f216d&hash=EDB9A1A82E7ACEF00FA84724A1A2A553) The 2026 Connecticut spring wild turkey looking season opens on April 29 and runs via Might 30. This 12 months marks the forty sixth consecutive 12 months that sportsmen and ladies have hunted turkeys right through the spring season in Connecticut. Photograph credit score: Paul J. Fusco Twitter: [@CTDEEPNews](https://twitter.com/ctdeepnews%20 "@CTDEEPNews") Fb: DEEP on Fb Touch ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Press Release **Tags:** April, Hunting, Opens, Season, Spring, Turkey, Wild --- ### [Microsoft pronounces 3,200 activity cuts in Xbox industry](https://turkbusinessnews.com/2026/07/10/microsoft-pronounces-3200-activity-cuts-in-xbox-industry/) **Published:** July 10, 2026 **Author:** spsingh **Content:** Microsoft introduced on Monday that it’s chopping round 3,200 jobs in its Xbox video video games department, in what Xbox leader govt Asha Sharma described because the “most significant restructure” in her corporate’s historical past. “Our business today is not healthy,” Sharma mentioned in an e-mail to body of workers shared on X. She mentioned some paintings these days passes via too many layers of control and that the complicated organizational construction slows down decision-making. The “reset” will cut back control to a most of 5 layers, and most effective 3 the place conceivable, she mentioned. Sharma mentioned 1,600 jobs shall be reduce in an instant, with the rest to be finalized inside of one year. As well as, 4 sport construction studios are to go away the gang, she mentioned. The manager govt famous that the collection of avid gamers and the time spent gaming on Xbox platforms has fallen in recent times. Sharma wrote that the restructuring used to be aimed toward long term enlargement for the Xbox industry, and that she sought after the company to in the end succeed in greater than 1 billion day by day customers. Microsoft has already reduce 1000’s of online game jobs since finishing its kind of $69 billion acquisition of the studio Activision Snowfall on the finish of 2023. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Business **Tags:** announces, business, cuts, job, Microsoft, Xbox --- ### [Turkish President Erdoğan holds in depth diplomatic talks all through NATO summit in Ankara](https://turkbusinessnews.com/2026/07/10/turkish-president-erdogan-holds-in-depth-diplomatic-talks-all-through-nato-summit-in-ankara/) **Published:** July 10, 2026 **Author:** spsingh **Content:** Turkish President Recep Tayyip Erdoğan held a chain of bilateral conferences with global leaders all through the thirty sixth NATO Heads of State and Govt Summit, hosted by way of Türkiye on the Presidential Advanced in Ankara. President Erdoğan met leaders, together with US President Donald Trump, French President Emmanuel Macron, Finnish President Alexander Stubb, Slovak President Peter Pellegrini and German Chancellor Friedrich Merz, as a part of the summit international relations. Forward of the summit, Erdoğan won Bulgarian High Minister Rumen Radev on July 6 and stated Türkiye-Bulgaria members of the family have been advancing in a multidimensional means, with efforts proceeding to reinforce cooperation in spaces together with industry, shipping, protection business and effort. He additionally met NATO Secretary Common Mark Rutte the similar day, announcing it might be vital for the Ankara summit to deal with problems starting from collective protection to increasing protection business cooperation amongst allies. At the first day of the summit, Erdoğan won Canadian High Minister Mark Carney and stated improving Türkiye-Canada ties in industry, safety, protection business and effort would get advantages each nations. Erdoğan additionally met Finnish President Stubb, announcing Ankara used to be happy with the rising momentum in bilateral industry and would proceed efforts to advance cooperation. He stated Türkiye helps strengthening NATO’s Ecu pillar, however added that this might no longer exchange the transatlantic bond. He additionally wired that non-EU NATO allies must be integrated in EU protection tasks. Erdoğan stated Türkiye used to be operating for a dialogue-based answer to the wars involving Iran and Ukraine, and used to be additionally proceeding efforts to safe an everlasting ceasefire in Gaza and uninterrupted humanitarian support get entry to to the enclave. TRUMP WELCOMED WITH OFFICIAL CEREMONY US President Trump, who paid his first legit seek advice from to Türkiye, used to be welcomed by way of President Erdoğan on the newly opened Ankara Airport prior to being won on the Presidential Advanced with an “A+ type” legit rite. Talking prior to their one-on-one assembly, Erdoğan stated the NATO summit being held in Ankara, with all leaders accumulating in Türkiye, added “separate strength” to the instance. Requested in regards to the F-35 program and supply of engines for Türkiye’s KAAN fighter jet, Erdoğan stated the F-35 factor used to be “not new” for Türkiye and had up to now been mentioned with the United States. “We received a promise for five aircraft. Mr. Trump also gave us his word on this issue,” Erdoğan stated, including that he believed a good resolution at the F-35 factor would pop out of the summit. The 2 leaders later chaired talks between their delegations. Erdoğan and primary girl Emine Erdoğan additionally hosted a dinner and reception in honor of the leaders and their spouses attending the summit. Visitors have been welcomed on the Presidential Advanced with marches carried out by way of the Turkish Protection Ministry’s Janissary Band, and have been served dishes from Turkish delicacies after a circle of relatives photograph. LEADERS MEET FOR MAIN SUMMIT SESSION On the second one day of the summit, Erdoğan welcomed leaders arriving on the Presidential Advanced for the principle consultation and posed for separate pictures prior to an legit circle of relatives photograph used to be taken. The heads of state and govt then proceeded to the principle assembly. Erdoğan entered the corridor whilst talking with Albanian High Minister Edi Rama, and later in brief spoke with Trump prior to the consultation along Overseas Minister Hakan Fidan and Nationwide Intelligence Group leader İbrahim Kalın. After the assembly, Erdoğan held talks with Macron and stated it’s time for Türkiye and France to lift their mutual industry objectives and proceed efforts to advance cooperation in all spaces. On Iran, Erdoğan stated Türkiye was hoping the Islamabad Settlement would lend a hand convey peace to the area, including that Ankara used to be “optimistic but cautious” and that provocations must be have shyed away from. Erdoğan then won Italian High Minister Giorgia Meloni and stated you will need to paintings to increase cooperation between Türkiye and Italy in lots of spaces, in particular protection business, funding, power and industry. In a gathering with German Chancellor Friedrich Merz, Erdoğan stated advancing Türkiye-Germany cooperation, particularly in protection business and industry, would get advantages each nations. He additionally warned towards movements and provocations that might undermine the working out reached between Iran and the United States, announcing Türkiye would proceed operating for lasting peace. TÜRKİYE, UK SIGN SECURITY, DEFENSE PARTNERSHIP DOCUMENT Erdoğan additionally met with UK High Minister Keir Starmer and stated cooperation and shut discussion between Türkiye and the UK have been vital, including that the 2 nations would proceed creating members of the family thru new steps. Right through the assembly, the 2 leaders signed a Safety and Protection Partnership Report between Türkiye and the United Kingdom. The file reaffirms Türkiye and the United Kingdom’s robust commitments to one another’s protection and to the North Atlantic Treaty. Erdoğan additionally met with Syrian President Ahmad al-Sharaa and stated efforts to increase Türkiye-Syria cooperation would proceed to extend, stressing that Türkiye would stay status by way of the Syrian folks. He stated Syria ultimate out of doors regional conflicts is necessary for the rustic’s reconstruction. He later met with Ecu Council President Antonio Costa and Ecu Fee President Ursula von der Leyen at a operating dinner. Erdoğan stated Türkiye has been an EU candidate nation and a member of the Customs Union for years, and has turn out to be crucial manufacturing hub in Europe. He stated the built-in nature of the economies will increase Europe’s competitiveness globally, including that Türkiye naturally expects to be integrated in EU rules on industry and investments. Erdoğan additionally met with Montenegrin High Minister Milojko Spajic, Slovak President Pellegrini and Albanian High Minister Rama on the Presidential Advanced all through the summit. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** National **Tags:** Ankara, diplomatic, Erdoğan, holds, intensive, NATO, President, summit, talks, Turkish --- ### [Chatting with Irans president, Pakistani premier urges US-Iranian dedication to peace pact](https://turkbusinessnews.com/2026/07/10/chatting-with-irans-president-pakistani-premier-urges-us-iranian-dedication-to-peace-pact/) **Published:** July 10, 2026 **Author:** spsingh **Content:** Pakistani Top Minister Shehbaz Sharif on Friday suggested the USA and Iran to uphold the commitments made underneath their framework peace deal signed closing month, referred to as the Islamabad Memorandum of Figuring out. In a phone name with Iranian President Masoud Pizishkian, the Pakistani chief known as on Iran and “all other parties” to workout restraint and chorus from any motion that would jeopardize the “hard-earned” peace features completed during the last few months, a remark from Sharif’s administrative center mentioned. Describing the framework pact-reached with Pakistani mediation-as an “enduring” framework for selling mutual figuring out, appreciate, and shared prosperity within the area and past, Sharif expressed “deep” fear over the new escalation in tensions within the area and underscored the “urgent” want to repair regional peace and balance. Reaffirming Pakistan’s steadfast dedication to regional peace, he confident Pezeshkian of Pakistan’s readiness to proceed taking part in an “honest and sincere” function in facilitating discussion and supporting all efforts geared toward protecting peace and balance. Pezeshkian, in go back, thanked Pakistan’s management for attending the funeral rite of slain Iranian Perfect Chief Ayatollah Seyyed Ali Khamenei, who was once killed on Feb. 28, the primary day of the battle. He additionally reaffirmed Iran’s dedication to peace and praised Pakistan’s “constructive” reinforce and trustworthy efforts for regional balance. The 2 leaders additionally reviewed implementation of the choices taken all the way through Pezeshkian’s seek advice from to Islamabad closing month and agreed to expedite follow-up movements to additional improve bilateral cooperation throughout a lot of fields. The leaders agreed to stay in shut touch and proceed consultations on issues of mutual passion and regional peace. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** International **Tags:** commitment, Irans, pact, Pakistani, peace, premier, President, Speaking, urges, USIranian --- ### [Is Turkey Monetary Disaster Worsening in Istanbul 2026?](https://turkbusinessnews.com/2026/07/10/is-turkey-monetary-disaster-worsening-in-istanbul-2026/) **Published:** July 10, 2026 **Author:** spsingh **Content:** Monetary analysts mentioned the surprising marketplace response mirrored broader considerations surrounding inflation, political uncertainty, and force on Turkey’s forex markets. Buyers briefly diminished publicity to Turkish belongings as uncertainty unfold throughout equities, bonds, and banking stocks. The newest traits added to ongoing considerations surrounding the rustic’s financial path and skill to handle solid overseas funding flows all through a length of worldwide monetary uncertainty. One world economist mentioned: “Political confidence and economic stability are deeply connected in emerging markets like Turkey.” Knowledge Snapshot Phase Class Main points Nation Turkey Major Match Marketplace volatility Monetary Have an effect on Bond declines Investor Response Greater warning Key Fear Political instability Foreign money Power Emerging Primary Monetary Hub Istanbul Yr 2026 Inventory Marketplace Volatility Raises Investor Issues The newest marketplace selloff considerably larger consideration at the rising Turkey monetary disaster narrative amongst world buyers and financial analysts. Buying and selling process was extremely risky after political tensions escalated, inflicting sharp declines throughout banking, business, and fiscal stocks. Professionals mentioned buyers stay involved in: Inflation pressures Foreign money instability Political uncertainty International capital outflows Central financial institution credibility A number of massive institutional buyers reportedly diminished positions in Turkish belongings following the marketplace surprise. One international funding strategist commented: “Markets react quickly when investors fear uncertainty surrounding governance and financial stability.” Bond Markets Replicate Rising Financial Tension Turkish govt bonds skilled heavy promoting force as buyers reassessed financial dangers tied to political traits. Analysts defined that bond markets continuously function a crucial indicator of long-term investor self belief all through classes of uncertainty. The newest Turkey monetary disaster considerations driven borrowing prices upper whilst expanding force on govt financing prerequisites. Economists warned that emerging monetary instability may have an effect on: Lending prerequisites Inflation expectancies Foreign money efficiency Client self belief Monetary establishments are anticipated to observe govt responses carefully within the coming weeks. Foreign money Steadiness Stays Underneath Power Turkey’s forex markets stay one of the crucial carefully watched spaces of the economic system. Analysts say exchange-rate steadiness is important for controlling inflation and keeping up investor accept as true with. The newest Turkey monetary disaster fears larger hypothesis referring to further force at the Turkish lira as markets reacted negatively to the political traits. Foreign money instability can create wider financial issues together with: Upper import prices Emerging shopper costs Decreased buying energy Greater debt servicing prices Economists imagine solid financial coverage will stay very important for calming monetary markets. Political Tensions Proceed Influencing Markets Political traits have performed an increasingly more essential function in shaping Turkey’s monetary efficiency over contemporary years. Buyers carefully observe courtroom choices, govt insurance policies, and institutional steadiness as a result of they at once affect self belief ranges inside of rising markets. The hot Turkey monetary disaster fears reveal how briefly political uncertainty can have an effect on monetary prerequisites and investor sentiment. A regional financial analyst mentioned: “Markets seek predictability. Political uncertainty often increases risk premiums and reduces investment appetite.” International Buyers Reevaluate Possibility Publicity Global buyers stay wary towards Turkey because of ongoing financial and political demanding situations. International capital flows are essential as a result of Turkey is dependent closely on exterior financing and world investor participation inside of its monetary markets. The rising Turkey monetary disaster dialogue would possibly build up hesitation amongst international budget making an allowance for publicity to Turkish belongings. Analysts say buyers proceed comparing dangers hooked up to: Inflation control Central financial institution independence Criminal steadiness Financial reform efforts A number of international monetary corporations are reportedly reviewing their emerging-market funding methods following the most recent traits. Buying and selling Halts Used All through Excessive Volatility Brief marketplace buying and selling halts are regularly used international to sluggish panic promoting all through classes of utmost volatility. The hot Turkey monetary disaster marketplace response brought on automated replace protections designed to stabilize buying and selling prerequisites and scale back disorderly charge actions. Professionals say buying and selling pauses supply: Time for buyers to re-examine prerequisites Decreased panic-driven choices Stepped forward marketplace order steadiness Such measures are incessantly used all through primary political, financial, or geopolitical occasions impacting monetary markets. Historical past of Turkey’s Financial Marketplace Cycles Historic Traits in Turkish Monetary Markets Turkey’s economic system has skilled a couple of classes of enlargement, volatility, and fiscal restructuring during the last a number of a long time. Historic Cycles Desk Duration Primary Match Financial Have an effect on Early 2000s Financial reforms Investor self belief advanced 2008 World monetary disaster Marketplace volatility larger 2018 Foreign money disaster Sharp lira depreciation Early 2020s Inflation surge Client prices larger 2025 Funding restoration efforts Partial marketplace stabilization 2026 Political marketplace surprise Renewed monetary considerations Professionals say the most recent Turkey monetary disaster considerations mirror how delicate rising markets stay to political and financial instability. Banking Sector Faces Further Marketplace Power Turkey’s banking sector stays extremely prone all through classes of marketplace instability as a result of its direct publicity to rates of interest, lending process, and overseas financing prerequisites. A number of monetary establishments reportedly skilled sharp share-price declines all through the most recent selloff. The rising Turkey monetary disaster fears larger considerations over: Credit score prerequisites Mortgage enlargement Banking liquidity International borrowing prices Analysts continuously view banking-sector efficiency as an early take-heed call for broader financial prerequisites. Inflation Issues Proceed Affecting Shoppers Inflation stays one of the crucial important financial demanding situations going through Turkish families and companies. Economists warn that persevered monetary instability tied to the Turkey monetary disaster may position further force on: Meals costs Gas prices Housing bills Client buying energy Upper inflation too can weaken shopper self belief and scale back financial enlargement momentum. Government are anticipated to stand expanding force to stabilize markets whilst controlling inflation dangers. World Markets Intently Observing Turkey Global monetary markets proceed tracking Turkey as a result of instability inside of massive rising economies can affect broader regional investor sentiment. World establishments are comparing how the most recent Turkey monetary disaster traits may have an effect on: Rising-market funding flows Regional banking publicity Foreign money marketplace volatility Industry relationships A number of analysts mentioned long run marketplace path will most probably rely on whether or not government can repair self belief briefly thru transparent coverage verbal exchange and financial steadiness measures. ![Istanbul financial district during Turkey financial crisis concerns](https://brusselsmorning.com/wp-content/uploads/dJPG-Tcdc9eVG85hBTuCrjuUI6-1AfJhu_V1CTFDzrySggoquH5fSsjJldlNKv63aNbAyd1BvYYlydQVpoZlaxTZ07esvDR-fpcoNMQWWkZUKh35ZKbXh9x0Ml_dqbSU1Q6AL6xMlqGvBQzsx62IXPKI7JxtT0JoP1EPhVcny5Z08jwPcdcKAl7Rn08T0U-6.jpg "-") Financial Outlook Stays Unsure Turkey’s economic system continues going through important demanding situations involving inflation keep an eye on, investor self belief, and political steadiness. Economists say restoring self belief would possibly require: Solid financial coverage Transparent financial reforms Sturdy institutional credibility Predictable criminal techniques The newest Turkey monetary disaster considerations would possibly proceed influencing monetary markets till buyers achieve better readability referring to Turkey’s political and financial path. Brussels Morning is a day-to-day on-line newspaper based totally in Belgium. BM publishes distinctive and impartial protection on world and Ecu affairs. With a Europe-wide standpoint, BM covers insurance policies and politics of the EU, important Member State traits, and appears on the world time table with a Ecu standpoint. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Finance **Tags:** Crisis, Financial, Istanbul, Turkey, Worsening --- ### [Protection business launches quantum era program - Newest Information](https://turkbusinessnews.com/2026/07/10/protection-business-launches-quantum-era-program-newest-information/) **Published:** July 10, 2026 **Author:** spsingh **Content:** Türkiye’s Protection Industries Presidency (SSB), has unveiled a quantum applied sciences roadmap aimed toward growing new functions for the rustic’s protection sector. The SSB Quantum Program was once presented at a rite hosted through the presidency, bringing in combination Upper Schooling Council President Erol Özvar, college rectors, lecturers and protection business representatives. Protection Industries President Haluk Görgün mentioned quantum applied sciences had moved past a theoretical clinical box and change into a strategic capacity house. New-generation functions in computing, sensing and communications will without delay form the way forward for protection industries, Görgün mentioned. He mentioned quantum applied sciences may provide benefits in spaces together with cryptology, optimization, knowledge research, simulation and signal-independent navigation techniques. Görgün mentioned Türkiye was once a part of a world race within the box and had to broaden its personal roadmaps in response to nationwide priorities. “Dependence on critical technologies is not merely a procurement issue,” he mentioned, including that it was once additionally connected to sovereignty. Görgün mentioned Türkiye had lowered exterior dependence in protection industries over the last 20 years and grew to become box revel in from safety forces into home merchandise and functions. He additionally underlined the position of human assets, pronouncing the common age in Türkiye’s protection business is 34 and that the field has a tender engineering base. Görgün mentioned Türkiye ranks eleventh globally in protection business exports. A number of tasks have been signed throughout the development, together with the Superconducting Quantum Processor Unit Construction Venture and the KERTERİZ Venture, which specializes in using quantum magnetometers for navigation and submarine detection. A strategic cooperation protocol on quantum applied sciences and the SSB Quantum Set of rules Pageant have been additionally signed. Officers additionally offered the SSB Quantum Program and gave data at the newly introduced Türkiye Quantum Platform. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Technology **Tags:** defense, industry, Latest, launches, News, program, quantum, Technology --- ### [Solution-Able: Subway's New Yr Lineup Delivers Protein Energy and Daring Taste at Unbeatable Worth](https://turkbusinessnews.com/2026/07/10/solution-able-subways-new-yr-lineup-delivers-protein-energy-and-daring-taste-at-unbeatable-worth/) **Published:** July 10, 2026 **Author:** spsingh **Content:** Solution-Able: Subway’s New Yr Lineup Delivers Protein Energy and Daring Taste at Unbeatable Worth Subway’s all-new Protein Wallet and Sub of the Day are full of high quality protein, hand-chopped veggies and ambitious sauces – each and every for not up to $5 Introducing Protein Wallet: The Final Grasp-and-Move Answer Protein Wallet function a cushy tortilla with a toasty wheat taste that completely enhances a curated collection of protein, hand-chopped greens and fan-favorite sauces. Each and every Protein Pocket piles on greater than 20g of protein, making it a wise selection for protein-conscious visitors and taste seekers alike. Protein Wallet debut with a lineup of 4 scrumptious choices: Baja Rooster: Grilled rooster, Monterey cheddar, smoky Baja Chipotle, lettuce, Roma tomatoes and jalapeños. Peppercorn Ranch Rooster: Grilled rooster, Monterey cheddar, zesty Peppercorn Ranch, lettuce, Roma tomatoes and pickles. Italian Trio: Black Woodland ham, elderly pepperoni, Genoa salami, provolone, garlic aioli, banana peppers, lettuce, and Roma tomatoes. Turkey & Ham: Oven-roasted turkey, Black Woodland ham, provolone, honey mustard, lettuce, pickles, and Roma tomatoes. “Getting more protein in their diet is important to so many people. But all too often that protein is expensive or fried. With Subway’s new Protein Pockets, they can get over 20 grams of protein for $3.99\* without sacrificing taste.” mentioned Dave Skena, Leader Advertising Officer, North The usa. “And with our new Sub of the Day lineup, our featured 6″ subs are best $4.99\*\*. In 2026, other folks can consume freshly made, scrumptious meals at a super price each and every time they arrive to Subway.” Sub of the Day: A Day by day Deal on Subway Classics Along Protein Wallet, Subway is upgrading its price menu with the all-new Sub of the Day. Visitors can experience a distinct six-inch sub on a daily basis of the week for simply $4.99\*\*, or make it a meal with a drink, chips or cookies for $2 extra. From Meatball Monday to Highly spiced Italian Sunday, get started a brand new ritual with contemporary taste and on a regular basis price, all week lengthy. The rotating lineup comprises: Meatball Monday: Meatball Marinara Tuna Tuesday: Vintage Tuna Candy Onion Wednesday: Candy Onion Rooster Teriyaki® Turkey Thursday: Oven-Roasted Turkey Woodland Ham Friday: Black Woodland Ham BMT Saturday: Italian B.M.T.® Highly spiced Italian Sunday: Highly spiced Italian Worth Constructed In: Sub Membership Loyalty Rewards Subway’s new Sub Membership loyalty program introduced in December and has already been a win for visitors and franchisees alike. With Sub Membership, each and every fourth footlong is loose\*\*\* – turning in day-to-day price, comfort and a continuing virtual revel in that assists in keeping tens of millions of visitors coming again. To be informed extra about Protein Wallet, Sub of the Day or sign up for Sub Membership to begin incomes rewards these days, talk over with the Subway app or Subway.com. \*At taking part U.S. eating places. Costs upper in AK & HI. Test your app for pricing and collaborating retail outlets. Upload-ons addt’l. Addt’l charges follow on supply orders. Plus tax. Can not mix with different provides. Restricted time. \*\*At taking part U.S. eating places. Costs upper in AK & HI. Test your app for pricing and collaborating retail outlets. Meal features a 6″ Sub of the Day, chips or 2 common cookies, and a 20oz fountain drink. Upload-ons and bottled drinks addt’l. Fountain beverages now not to be had on supply orders. Addt’l charges follow on supply orders. Plus tax. 1 in line with order. Can not mix with different provides. Restricted time. \*\*\*Will have to be a Sub Membership Member to qualify for this be offering. Loose Footlong will seem in account inside 24 hours of qualifying acquire. Upload-ons further. Obstacles follow. All charges follow on Subway® supply orders. Sub Membership to be had at taking part eating places and now not on third-party supply, catering, or purchases of reward playing cards. See subway.com for extra information about Sub Membership. About Subway® Eating places As the worldwide sandwich chief, Subway serves freshly made sandwiches at a super price to tens of millions of visitors world wide in just about 37,000 eating places on a daily basis. Subway eating places are owned and operated through a community of 1000’s of devoted Subway franchisees who’re enthusiastic about constantly turning in a fine quality, handy visitor revel in and contributing definitely to their native communities. Subway® is a globally registered trademark of Subway IP LLC or considered one of its associates. © 2026 Subway. ![Subway logo (PRNewsfoto/SUBWAY Restaurants)](https://mma.prnewswire.com/media/491471/SUBWAY_Restaurants_Logo.jpg "Subway logo (PRNewsfoto/SUBWAY Restaurants)") SOURCE Subway Eating places ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Press Release **Tags:** Bold, Delivers, Flavor, Lineup, Power, Protein, ResolutionReady, Subways, Unbeatable, Year --- ### [Türkiyes Roketsan, Aselsan welcome NATO protection trade agreements on strategic capacity tasks](https://turkbusinessnews.com/2026/07/10/turkiyes-roketsan-aselsan-welcome-nato-protection-trade-agreements-on-strategic-capacity-tasks/) **Published:** July 10, 2026 **Author:** spsingh **Content:** Turkish protection corporations Roketsan and Aselsan welcomed NATO protection trade agreements protecting a number of strategic capacity spaces, signed on the NATO Protection Business Discussion board held as a part of the summit in Ankara. Roketsan CEO Murat İkinci stated on Turkish social media platform NSosyal that the corporate attended the signing rite for agreements on strike features, built-in air and missile protection methods, and area and surveillance features. İkinci stated Roketsan is one of the contractors within the tasks, including that the corporate would proceed contributing to cooperation aimed toward strengthening Türkiye’s and NATO’s not unusual protection features thru its complicated applied sciences and deterrent methods. Aselsan CEO Ahmet Akyol additionally welcomed the agreements introduced beneath the discussion board. “With our advanced technologies and our series production capacity, which increases day by day, we continue to contribute to the security of our alliance as much as that of our country,” Akyol stated. Türkiye signed agreements beneath the discussion board on a number of strategic capacity spaces to be advanced collectively by means of member states, consistent with Haluk Görgün, head of the rustic’s Protection Industries Secretariat. Görgün stated the agreements duvet strike features, built-in air and missile protection methods, area and surveillance features, important uncooked fabrics for the protection trade, and NATO’s unmanned aerial automobile superiority. “These projects, which will include Aselsan, Roketsan, STM and the Scientific and Technological Research Council of Türkiye (TUBITAK), will form the backbone of the alliance’s deterrence architecture in the coming years,” Görgün stated. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Business **Tags:** agreements, Aselsan, capability, defense, industry, NATO, projects, Roketsan, strategic, Türkiyes --- ### [President Erdoğan offers NATO leaders e book on his management, Türkiye’s transformation](https://turkbusinessnews.com/2026/07/10/president-erdogan-offers-nato-leaders-e-book-on-his-management-turkiyes-transformation/) **Published:** July 10, 2026 **Author:** spsingh **Content:** Turkish President Recep Tayyip Erdoğan offered leaders attending the thirty sixth NATO Summit with the English-language e book “The Politics of Courage: Erdoğan and the Rise of Türkiye,” in conjunction with a signed letter, after a dinner on the Presidential Complicated in Ankara. Erdoğan and primary woman Emine Erdoğan hosted the dinner Wednesday in honor of heads of state and executive, in conjunction with their spouses, attending the summit. After the dinner, Erdoğan gave the leaders the biographical paintings, ready by way of the Recep Tayyip Erdoğan Basis, as a private reward. Written for a world target market, the e book examines Erdoğan’s political profession along Türkiye’s contemporary political historical past, specializing in key selections, demanding situations, reforms and the rustic’s long-term goals. It explores Erdoğan’s management adventure and Türkiye’s political, social and institutional transformation during the last quarter-century via the idea that of the “politics of courage.” ‘BEYOND A PERSONAL JOURNEY’ In his accompanying letter, Erdoğan wrote: “Historical past isn’t simply the sum of the moments which have been lived, however the shared accumulation of the choices that formed the ones moments, the devoted efforts invested, and the imaginative and prescient that was once constructed. “This work is, beyond a personal journey, an expression of the dreams we built together with our nation, the projects we brought to life, and the legacy we leave for future generations.” In line with the observation, the e book targets to head past the scope of a person political biography by way of presenting Türkiye’s contemporary historical past from the viewpoint of the country, management and a shared long term. It’s supposed to function a useful resource explaining the rustic’s contemporary transformation to a world target market inside of its ancient and social context. The undertaking was once directed by way of Hümeyra Ş. Oktay and edited by way of Mehmet Akif Kireçci. The e book was once written by way of Kireçci, Gülnur Aybet and Birol Akgün, combining instructional analysis with ancient narrative to evaluate Türkiye’s transformation. The Recep Tayyip Erdoğan Basis mentioned it continues to habits publishing, analysis, archival, reminiscence middle, library and museum initiatives to keep and percentage Türkiye’s contemporary political, social and institutional historical past with long term generations and the global neighborhood. It mentioned the e book is considered one of its global publications supporting that undertaking. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** National **Tags:** book, Erdoğan, leaders, leadership, NATO, President, transformation, Türkiyes --- ### [Türkiye taking the vital steps to get to the bottom of CAATSA factor: FM Fidan](https://turkbusinessnews.com/2026/07/10/turkiye-taking-the-vital-steps-to-get-to-the-bottom-of-caatsa-factor-fm-fidan/) **Published:** July 10, 2026 **Author:** spsingh **Content:** Turkish International Minister Hakan Fidan on Friday stated that Türkiye is “taking the necessary steps,” to get to the bottom of the problem of CAATSA (Countering The us’s Adversaries Via Sanctions Act) sanctions with the USA. “We are taking the necessary steps to resolve these issues. Hopefully, we will reach a conclusion soon. I don’t think there will be any problem,” he stated in an interview with TRT. Fidan stated that the concept that of burden-sharing in NATO “has ceased to be merely a concept and has now become an implementable policy.” He added that protection trade agreements throughout the bloc are “of tremendous importance for the future of our defense industry.” Turkish international minister additionally stated that “a solution can be reached by the weekend to resolve the differences” relating to transit throughout the Strait of Hormuz in gentle of latest heightened tensions between the USA and Iran. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** International **Tags:** CAATSA, Fidan, issue, resolve, steps, Türkiye --- ### [TRT International - Türkiye promotes Islamic finance as summit goals new expansion technology](https://turkbusinessnews.com/2026/07/10/trt-international-turkiye-promotes-islamic-finance-as-summit-goals-new-expansion-technology/) **Published:** July 10, 2026 **Author:** spsingh **Content:** A significant global collecting on Islamic finance opened in Istanbul on Wednesday, with policymakers, traders, and lecturers converging to advance the field’s international footprint and Türkiye’s position inside it. The third World Islamic Economic system Summit, held underneath the auspices of the Turkish Presidency and organised as a part of the Albaraka Summit Collection, is going down at Halkbank’s headquarters within the Istanbul Monetary Centre. Talking on the second one day of the summit, Salim Arda Ermut, CEO of the Türkiye Wealth Fund, stated Istanbul represents a strategic hub for long-term monetary transformation and highlighted the speedy building of the Istanbul Monetary Centre, which now hosts just about 20,000 folks and key regulatory establishments. Similar Istanbul Monetary Centre features momentum Ermut pointed to new services and products such because the “One-Stop Office,” designed to streamline funding procedures and draw in global capital. He additionally emphasized that Islamic finance is more and more central to Türkiye’s long-term technique, bringing up fresh transactions by way of the Wealth Fund as proof of rising institutional dedication. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Finance **Tags:** era, Finance, growth, Islamic, promotes, summit, targets, TRT, Türkiye, World --- ### [Türkiye begins high-tech conservation of WWI wrecks in Çanakkale Strait](https://turkbusinessnews.com/2026/07/10/turkiye-begins-high-tech-conservation-of-wwi-wrecks-in-canakkale-strait/) **Published:** July 10, 2026 **Author:** spsingh **Content:** Underneath the ancient waters of the Çanakkale Strait in northwestern Türkiye’s Çanakkale, the place the process Global Warfare I used to be basically altered greater than a century in the past, a silent fleet of metal and iron rests at the seafloor. For many years, those battle-torn shipwrecks have served as each underwater memorials and thriving marine ecosystems. Now, an leading edge preservation initiative is underway to make sure that those relics of the ancient Fight of Gallipoli live on for hundreds of years to return. The Çanakkale Wars Gallipoli Ancient Website online Directorate, in partnership with the 1915 Çanakkale Bridge and Toll road Company, has formally introduced the “Deep Heritage” (“Derin Miras”) challenge. The initiative marks a very powerful milestone for the Gallipoli Ancient Underwater Park, which opened in 2022 as the arena’s first Global Warfare I-themed underwater park. The challenge makes use of specialised cathodic coverage era to arrest the bodily and organic decay of those ancient vessels, digitally catalog the websites and determine the area as a premier world vacation spot for sustainable diving tourism. A diver explores the damage of a minesweeper off the coast of Çanakkale, Türkiye, Would possibly 24, 2024. (Picture by way of Alex Dawson for Çanakkale Wars Gallipoli Ancient Website online Directorate) Top-tech protect in opposition to time The underwater park hosts 29 distinct diving places around the Gallipoli Peninsula, that includes 27 ancient shipwrecks and two herbal reefs. Out of greater than 100 recorded Global Warfare I-era wrecks within the house, those websites be offering divers an immersive window into historical past. On the other hand, emerging sea temperatures fueled by way of local weather trade and fluctuating marine ecosystems have speeded up corrosion of the metal hulls. To battle this, engineers are deploying an advanced, eco-friendly means referred to as cathodic coverage. ![Divers inspect part of sacrificial cathodic metals off the coast of Çanakkale, Türkiye, June 25, 2024. (AA Photo)](https://idsb.tmgrup.com.tr/ly/uploads/images/2026/06/26/447969.jpg) Divers check out a part of sacrificial cathodic metals off the coast of Çanakkale, Türkiye, June 25, 2024. (AA Picture) Yusuf Kartal, the pinnacle of the Website online Making plans and Venture Staff for the directorate, defined the science in the back of the initiative, noting that the marine surroundings naturally turns the steel right into a mass of rust. “As this rusting occurs, the metal loses electrons to the water. Without intervention, the structures will collapse,” Kartal mentioned. “To prevent the metal from losing its own electrons, we introduce a ‘sacrificial’ element next to it, which we call an anode,” he mentioned. “Materials like zinc, copper, or aluminum are hooked up to the wreck. The anode sacrifices its own electrons, corroding and dissolving away instead of the historical ship. This stops the rust and prevents the buildup of harmful bacteria,” he added. This non-invasive means calls for 0 bodily alteration to the real ships. Consistent with challenge officers, each and every utility is anticipated to increase a shipwreck’s lifespan by way of 30 to 35 years. Moreover, conserving the constructions intact preserves essential habitats for fish, invertebrates, and various marine organisms, mixing cultural heritage with ecological conservation. First dives The challenge’s rollout was once showcased all the way through a multi-day press tournament within the coastal district of Eceabat. Newshounds gained baseline diving directions from technical dive teacher Murathan Yıldız prior to finishing a tribulation dive in Anzac Cove to view the SS Milo on Tuesday. In-built 1865 as a steam-powered passenger send, the SS Milo was once requisitioned by way of the British Admiralty all the way through Global Warfare I and geared up with turbines and searchlights to light up the battlefields. Lately, it rests simply 5 to 7 meters (15 to 23 ft) beneath the skin. The actual milestone of the release came about at Suvla Bay, the place groups initiated the primary reliable cathodic coverage gadget at the HMS Louis. ![A diver explores the wreck of the SS Carthage off the coast of Çanakkale, Türkiye, May 24, 2024. (Photo by Alex Dawson for Çanakkale Wars Gallipoli Historical Site Directorate)](https://idsb.tmgrup.com.tr/ly/uploads/images/2026/06/26/447963.jpg) ![A diver explores the wreck of the HMS Triumph off the coast of Çanakkale, Türkiye, May 24, 2024. (Photo by Alex Dawson for Çanakkale Wars Gallipoli Historical Site Directorate)](https://idsb.tmgrup.com.tr/ly/uploads/images/2026/06/26/447965.jpg) Resting at a intensity of 13 meters, the British Royal Military destroyer was once sunk by way of the Ottomans in 1915. Regardless of the passage of 111 years, then again, the vessel stays remarkably intact. Knowledgeable staff of dive instructors accompanied world-renowned Swedish underwater photographer Alex Dawson, who captured the newly safe destroyer. The development additionally featured a exceptional show by way of Bilge Çingigiray, a Turkish nationwide free-diver and Guinness Global Report holder, who carried out a a success free-dive to the HMS Louis. ![Guinness World Record holder Turkish free diver Bilge Çingigiray inspects the wreck of the HMS Louis off the coast of Çanakkale, Türkiye, June 25, 2024. (AA Photo)](https://idsb.tmgrup.com.tr/ly/uploads/images/2026/06/26/447970.jpg) Guinness Global Report holder Turkish loose diver Bilge Çingigiray inspects the damage of the HMS Louis off the coast of Çanakkale, Türkiye, June 25, 2024. (AA Picture) International ambitions For Ismail Kaşdemir, president of Çanakkale Wars Gallipoli Ancient Website online Directorate, the initiative is a declaration of nationwide stewardship over what Türkiye’s “Blue Homeland” (Mavi Vatan). “The Gallipoli Underwater Park is not merely a diving center. It is an underwater park holding treasures of historical and cultural importance,” Kaşdemir mentioned. “Divers do not just dive in the Gallipoli Underwater Park, they take a journey through a time tunnel … We want to reach the best place, the No. 1 spot in the world and we are making progress toward this goal,” he added. Kaşdemir emphasised that the Turkish state is totally dedicated to safeguarding those global monuments. “We want to tell the entire world that all cultural heritage elements here are under the protection and guardianship of the Republic of Türkiye,” he mentioned. “These cultural heritages have been waiting under the water for a hundred years; now we are working to preserve them for posterity,” mentioned Kaşdemir. The project represents a significant corporate-public partnership. The 1915 Çanakkale Bridge and Toll road Company perspectives the challenge as an extension in their regional infrastructure commitments. 1915 Çanakkale Bridge and Toll road company CFO Murat Sarıkaya drew parallels between saving historical past and keeping up the close by record-breaking suspension bridge. ![President of the Çanakkale Wars Gallipoli Historical Site Directorate Ismail Kaşdemir (R) shakes hands with 1915 Çanakkale Bridge and Motorway corporation CFO Murat Sarıkaya, Eceabat, Çanakkale, Türkiye, June 25, 2024. (AA Photo)](https://idsb.tmgrup.com.tr/ly/uploads/images/2026/06/26/447942.jpg) President of the Çanakkale Wars Gallipoli Ancient Website online Directorate Ismail Kaşdemir (R) shakes fingers with 1915 Çanakkale Bridge and Toll road company CFO Murat Sarıkaya, Eceabat, Çanakkale, Türkiye, June 25, 2024. (AA Picture) “We are actually doing similar work on the pier legs of the bridge. We try to extend the lifespan of our bridge with cathodic protection. Here, there is also a historical dimension to the work. There is no other geography in the world where so many shipwrecks coexist,” Sarıkaya mentioned. He famous that the corporate has finished 321 social and environmental tasks in Çanakkale, incomes a different award from the United Countries in Athens. “But one of the most special pieces of work we’ve done, and in my opinion, the most special, will be this one. Because it is a project that we believe will greatly benefit our country and the world,” he mentioned. ![](https://i.hizliresim.com/JN9LXf.png) The Day-to-day Sabah Publication Stay up to the moment with what’s taking place in Turkey, it’s area and the arena. SIGN ME UP You’ll unsubscribe at any time. Through signing up you might be agreeing to our Phrases of Use and Privateness Coverage. This web site is safe by way of reCAPTCHA and the Google Privateness Coverage and Phrases of Provider observe. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Technology **Tags:** Çanakkale, conservation, hightech, starts, Strait, Türkiye, wrecks, WWI --- ### [Popovic responds to ‘more talented’ Turkish sledge](https://turkbusinessnews.com/2026/07/10/popovic-responds-to-more-talented-turkish-sledge/) **Published:** July 10, 2026 **Author:** spsingh **Content:** Turkiye captain Hakan Calhanoglu declared his aspect is “more talented” than the Socceroos and expects his crew to dominate their Global Cup conflict on Sunday (AEST). Global No.27 Australia opens their Global Cup marketing campaign in Vancouver towards No.22 ranked Turkiye, who’re enjoying of their first Global Cup since 2002. Tony Popovic at a press convention forward in their first fit day after today. Getty Photographs Turkiye had been quarter-finalists at the latest Eu Championships and feature been tipped by means of many pundits to most sensible Staff D and development to the knockout levels. Their aspect options younger weapons, in Actual Madrid celebrity Arda Guler and Kenan Yildiz of Juventus, then again, all 26 gamers within the Turkish squad will likely be enjoying of their first Global Cup. Australia has 9 gamers with Global Cup revel in, however Inter Milan defender Calhanoglu used to be direct when requested concerning the qualities of the Australian crew. “Of course, our coach analysed them with us together,” Calhanoglu instructed media after coaching in Vancouver. “So we know that they’re a physical team, that they’re good at the corner kicks and on the free kicks because they are tall and strong. “But I think that we dominate tomorrow, the game, because we have more qualities and a more talented team, so we will see tomorrow what happens.” When requested concerning the Turkish skipper’s feedback, Socceroos trainer Tony Popovic used to be diplomatic. “I respect his comment, and he has a right to be asked a question, and he has a right to answer it any way he likes,” Popovic stated. ![](https://static.ffx.io/images/%24zoom_0.6304%2C%24multiply_2%2C%24ratio_1.777778%2C%24width_1059%2C%24x_10%2C%24y_0/t_crop_custom/c_scale%2Cw_620%2Cq_88%2Cf_auto/7c9e67c5b0944607109380c8a556cfd9302ea46c7c445849044c14002782e888) Turkiye captain Hakan Çalhanoğlu stated his aspect is “more talented” than the Socceroos. Getty “They expect to win, but so do most people. They expect Turkiye here to beat Australia tomorrow, so that’s no different. “So all we can do is try and spoil the party.” Turkish celebrity İsmail Yuksek used to be additionally requested about feedback made by means of Socceroos defender Milos Degenek within the lead as much as the event. Degenek stated that his aspect’s revel in at Global Cups might be a bonus, and that Turkey will have to deal with the power again house. “Türkiye has got a lot of pressure as well, because they haven’t been to a World Cup since 2002. There’s a lot of hope on them, and a lot of pressure,” the Aussie stated. However Yuksek laughed off the remarks. “Some funny statements came from the Australian side. They’re probably trying to put pressure on us, but in my opinion, it’s a funny statement. They don’t know us. I don’t think they know much about the pressure in Turkiye.” “We also achieved a great success at the European Championship. When we went there, many of our teammates had no prior experience at the European Championship. “We have teammates on our squad who play for top-tier teams. High-quality, character-driven… yes, this is the first time this squad will be participating in the World Cup, but I think we’ve shown in previous tournaments that we can truly rise to the challenge.” The Socceroos are making an attempt to win their opening recreation on the event for the primary time since Kaiserslautern in 2006. Popovic stated his aspect is aware of doubters from the out of doors. “We know they are strong. We’ve analysed them, but we also have to think of ourselves and think how we can cause them problems and show Australian football at the World Cup,” Popovic stated. “And that’s our aim tomorrow, to be extremely competitive, to show that we are a strong nation and that we deserve to be respected. “We understand that not many people are expecting much from us outside of our own people, our own media, our own team, our own staff, but we’re accustomed to that. “But we’re confident that we can show them some great football tomorrow and show them what Australian football can do.” ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Press Release **Tags:** Popovic, responds, sledge, talented, Turkish --- ### [Turkish protection massive Aselsan expects upper NATO-linked exports after emerging Ecu pastime](https://turkbusinessnews.com/2026/07/10/turkish-protection-massive-aselsan-expects-upper-nato-linked-exports-after-emerging-ecu-pastime/) **Published:** July 10, 2026 **Author:** spsingh **Content:** Turkish protection corporate Aselsan expects a more potent building up in exports to NATO-linked nations as Ecu and allied pastime in Türkiye’s protection business continues to develop, the corporate’s CEO mentioned. Chatting with Anadolu on the NATO Protection Trade Discussion board held in Ankara as a part of the thirty sixth NATO Summit of Leaders, Ahmet Akyol mentioned the discussion board has now develop into a part of NATO’s broader time table, calling it crucial shift for the alliance. Akyol mentioned Türkiye has already invested closely within the protection business and now holds an fine place because of its geography, army energy and business functions. “With our geographical strength and military power, we were already part of NATO. Now, with our defense industry strength, we have reinforced our position as an important player,” he mentioned. Akyol mentioned Türkiye’s defense force, now supplied nearly fully with home protection business merchandise, have develop into more potent across the world, whilst Turkish protection corporations are running to amplify cooperation thru global platforms. – Metal Dome methods noticed as NATO capacity achieve He mentioned some elements of Türkiye’s Metal Dome air protection gadget are being assessed as capacity features for NATO. Türkiye evolved an built-in, layered air protection structure beneath state management after bearing in mind the converting dynamics of the battlefield during the last 3 to 4 years, Akyol mentioned. He mentioned Aselsan has larger serial manufacturing and delivered numerous methods whilst additionally running to realize lacking functions and adapt to the evolving battlefield. “The systems we are developing today have been recognized as valuable for NATO, including radars, high-altitude, medium-altitude and low-altitude air defense systems, as well as low Earth orbit satellites to be used for surveillance,” he mentioned. “These systems are also expected to contribute to NATO’s security architecture,” he added. Akyol mentioned Aselsan is making an investment in fully new applied sciences as conflict increasingly more shifts towards synthetic intelligence-based, network-centric and self reliant methods. He mentioned Aselsan’s kamikaze drones, kamikaze underwater automobiles and equivalent functions are shifting the corporate into a brand new technology of conflict and generation. “Artificial intelligence is the most discussed topic. At Aselsan, we operate in a closed network. Türkiye’s largest data center is inside Aselsan, and more than 2,000 engineers work on artificial intelligence every day,” he mentioned. Akyol mentioned the corporate is creating specialised fashions skilled with delicate information bought from army environments, including that this paintings differs from open synthetic intelligence research. “We are now at the stage of implementing artificial intelligence at Aselsan and integrating it into products,” he mentioned. He additionally mentioned Aselsan just lately signed agreements for the improvement of superconducting quantum processor devices, referred to as QPUs, and is designing quantum chips whilst development a manufacturing facility in Ankara. Akyol mentioned NATO Secretary Common Mark Rutte’s fresh discuss with to Aselsan centered at the corporate’s investments in synthetic intelligence, semiconductors, self reliant methods and different leading edge applied sciences. “He saw how we captured this transformation,” Akyol mentioned, including that Rutte has cited Aselsan a number of instances for example of an organization that may innovate, produce at scale and ship impulsively. – Aselsan to design safe LEO communications satellites Akyol mentioned all Aselsan merchandise are NATO-compatible, stressing that the Turkish military is NATO’s second-largest army pressure. He mentioned merchandise used and authorized through the Turkish Armed Forces are later offered to global markets, the place Aselsan’s serial manufacturing capability, leading edge method and cost-effectiveness have attracted rising consideration. “We see that European and NATO-linked visits, meetings and agreements are increasing every day. More than 50% of all our exports last year went to NATO-linked countries. I expect a much larger increase in this area with recent developments,” he mentioned. Akyol mentioned this would receive advantages each Türkiye and NATO member nations. He additionally mentioned Aselsan has been assigned to design safe communications satellites in low Earth orbit beneath an funding program for next-generation applied sciences to be evolved collectively through NATO member states. “This task is an important indicator of the trust placed in our country’s engineering capabilities in space technologies at the international level,” he mentioned. “In the coming period, with secure communications infrastructure to be built in LEO and next-generation satellite networks that will meet critical military and strategic communications needs, we will equip space with LEO satellites,” he added. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Business **Tags:** Aselsan, defense, European, expects, exports, giant, higher, interest, NATOlinked, rising, Turkish --- ### [NATO Ankara summit underscored Türkiyes central position in alliance, world safety: President Erdoğan](https://turkbusinessnews.com/2026/07/10/nato-ankara-summit-underscored-turkiyes-central-position-in-alliance-world-safety-president-erdogan/) **Published:** July 10, 2026 **Author:** spsingh **Content:** President Recep Tayyip Erdoğan mentioned Thursday that the NATO summit in Ankara underscored Türkiye’s central position within the alliance and world safety, highlighting key choices to give a boost to NATO’s deterrence, enlarge protection cooperation and support transatlantic team spirit. “The summit once again demonstrated our country’s central role in the global security architecture, its diplomatic capacity and its responsibility as an ally,” he wrote on US social media platform X. He mentioned the alliance’s “NATO 3.0” imaginative and prescient targets to give a boost to Europe’s protection features and higher get ready NATO for evolving safety demanding situations, including that Türkiye stays “one of NATO’s strongest actors” due to its army features, strategic location, diplomatic enjoy and protection trade. DEFENSE COOPERATION, NATO TRANSFORMATION Erdoğan mentioned the summit opened with a Protection Trade Discussion board, the place allies mentioned joint manufacturing, strengthening provide chains, coordination in protection applied sciences and increasing cooperation amongst NATO contributors. He mentioned leaders reaffirmed their decision to give a boost to NATO’s deterrence and protection features, support the transatlantic bond and construct the alliance’s long run at the basis of “a stronger Europe and a stronger NATO.” The Ankara Summit Declaration reaffirmed allies’ unwavering dedication to Article 5 of the Washington Treaty and the main of collective protection, in step with Erdoğan. The declaration additionally prioritized doing away with limitations to protection business amongst allies, greater than $50 billion in new protection procurement agreements, army apparatus, help and coaching for Ukraine, and increasing protection commercial capability, he mentioned. Further priorities incorporated bettering NATO’s features in synthetic intelligence, cybersecurity, house, built-in air and missile protection, unmanned programs and deep precision strike applied sciences, Erdoğan added. “As Türkiye, we will continue to make the strongest contribution to this process with our experience, military capabilities and growing defense industry infrastructure,” he mentioned. BILATERAL DIPLOMACY ON SUMMIT SIDELINES Erdoğan mentioned he held bilateral conferences at the sidelines of the summit with NATO Secretary Basic Mark Rutte, US President Donald Trump, Canadian Top Minister Mark Carney, Finnish President Alexander Stubb, British Top Minister Keir Starmer, German Chancellor Friedrich Merz, Italian Top Minister Giorgia Meloni, French President Emmanuel Macron, Bulgarian Top Minister Rumen Radev, Syrian President Ahmed al-Sharaa, Ecu Council President Antonio Costa, Ecu Fee President Ursula von der Leyen, Montenegrin Top Minister Milojko Spajic, Slovak President Peter Pellegrini and Albanian Top Minister Edi Rama. The conferences considering bilateral family members, Türkiye’s ties with the EU, protection trade cooperation, business, power, safety, Euro-Atlantic safety, the Balkan Peace Platform, the Russia-Ukraine battle, the Iran-US procedure, the Gaza Strip, Libya, Syria and regional balance, he mentioned. Erdoğan additionally mentioned Türkiye and the United Kingdom signed a Safety and Protection Partnership Settlement all over the summit, whilst negotiations for a loose business settlement with Canada have been introduced. He expressed self belief that his assembly with Trump would produce concrete leads to line with Türkiye’s expectancies within the protection sector, in particular referring to fighter jets. “I believe that the constructive and productive meeting we held with my dear friend US President Mr. Trump, who paid an official visit to our country on the occasion of the summit, will lead to concrete results in line with our country’s expectations, particularly regarding our national combat aircraft KAAN and the F-35 program,” mentioned Erdoğan. TÜRKİYE’S DEFENSE COMMITMENTS Erdoğan mentioned Türkiye reaffirmed its dedication to extend protection spending to three.5% of gross home product ahead of 2030, whilst security- and resilience-related expenditures have already reached 1.5% of the finances. He introduced that Türkiye allotted an extra $24 billion to give a boost to its air and missile protection features below the Metal Dome Undertaking. The president mentioned Türkiye stays dedicated to maintaining diplomatic channels open to advertise peace within the Russia-Ukraine battle whilst advocating restraint, international relations and a long-lasting peace procedure within the Iran-US talks. He added that Ankara will proceed supporting ceasefires, balance and multilateral cooperation on Gaza, Lebanon and Libya. “The intensive two-day Ankara Summit demonstrated that Türkiye is a central actor shaping NATO’s security agenda, keeping dialogue channels open during crises, preserving a regional peace perspective and making tangible contributions to the alliance’s transformation through its defense industry capacity,” mentioned Erdoğan. “Türkiye will continue to strengthen cooperation with its allies and contribute to global peace and security with determination,” he added. SUMMIT CONCLUDES SUCCESSFULLY Erdoğan mentioned the thirty sixth NATO Summit of Heads of State and Govt concluded effectively, thanking members, organizers and the folk of Ankara for serving to be sure that the development’s good fortune. He mentioned the summit, held on the Presidential Advanced, introduced in combination the heads of state and govt of NATO’s 32 member international locations, just about 100 ministers, senior diplomats, representatives of global organizations and different visitors. Government maintained “a delicate balance” between making sure the perfect stage of safety and protective electorate’ rights and freedoms all the way through the summit, in step with Erdoğan. Safety, transportation, coordination and public order measures have been in moderation deliberate to safeguard leaders, deal with day by day lifestyles within the town and make sure the global neighborhood won correct knowledge whilst minimizing disruptions to citizens, he mentioned. MEDIA OPERATIONS, ACKNOWLEDGMENTS The Presidential Nationwide Library served because the global media heart, offering workspace for 1,800 folks, 40 modifying rooms and a lot of reside broadcast places, Erdoğan mentioned. Greater than 2,500 reporters coated the summit, marking document media participation, whilst public broadcaster TRT coordinated international announces the usage of 96 cameras, 18 outdoor broadcasting automobiles and reside transmissions from 26 places, he added. The summit additionally made “a significant contribution” to selling Ankara across the world, he mentioned. “I extend my heartfelt thanks to my fellow citizens of Ankara for the tolerance and unique hospitality they demonstrated throughout the summit, which also made a significant contribution to promoting our capital,” he mentioned. He additionally thanked legislation enforcement staff, media staff, technical groups, well being care personnel, transportation staff, protocol officers and catering products and services for contributing to the development. “On behalf of myself and my nation, I express my gratitude to all my brothers and sisters who worked selflessly to ensure the summit was held smoothly,” mentioned Erdoğan. The president additionally thanked Rutte for “his cooperation-oriented approach and efforts in the preparation and organization of the NATO Ankara summit.” ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** National **Tags:** alliance, Ankara, central, Erdoğan, global, NATO, President, role, security, summit, Türkiyes, underscored --- ### [Türkiyes website hosting of NATO summit marks diplomatic good fortune, professionals say](https://turkbusinessnews.com/2026/07/10/turkiyes-website-hosting-of-nato-summit-marks-diplomatic-good-fortune-professionals-say/) **Published:** July 10, 2026 **Author:** spsingh **Content:** Türkiye’s website hosting of the NATO summit has been extensively considered by means of professionals as a big diplomatic good fortune. The summit, which introduced in combination leaders from NATO’s 32 member nations, concluded with allies reaffirming their dedication to collective protection, larger protection spending, persisted enhance for Ukraine, and more potent protection business cooperation. Whilst political variations between some Ecu allies and US President Donald Trump resurfaced throughout the summit, NATO Secretary Common Mark Rutte described the collection as proof that the alliance stays “stronger and more united than ever.” Past the summit’s formal results, analysts say the collection of Ankara as host underscored Türkiye’s distinctive place inside of NATO. Peter Watkins, affiliate fellow at London-based assume tank Chatham Space, advised Anadolu that Ankara effectively demonstrated its rising significance to Ecu safety. “The Ankara summit has been a great success for Türkiye,” stated Watkins, who may be visiting professor at King’s School London. “Turkish diplomacy clearly played a key role in preparing the way for this summit, which has sustained the momentum of the changes that NATO needed to make – in defense spending, capabilities and so on.” In step with Watkins, the summit showcased Türkiye’s broader contribution to the alliance past international relations. “More broadly, it showcased the important and distinctive contribution that Türkiye-including its capable armed forces and defense industry-makes to European security,” he stated. He added that Türkiye’s position used to be additional mirrored within the strategic partnership settlement signed with the United Kingdom in Ankara on July 8, describing it as reputation of Ankara’s increasing protection and safety cooperation with Ecu allies. ‘TÜRKİYE WAS IN MANY WAYS THE RIGHT HOST’ Sharon Hudson-Dean, senior fellow on the US-based Middle for Ecu Coverage Research, stated Türkiye used to be “in many ways the right host” for the collection. She famous that Türkiye occupies a strategically necessary location on NATO’s southern border whilst keeping up one of the most alliance’s biggest and maximum succesful defense force. “The Turkish military-industrial complex is advanced and a model for others, while Turkiye sits in a key region on NATO’s southern border,” stated Hudson-Dean. She additionally highlighted the significance of the political courting between Turkish President Recep Tayyip Erdogan and Trump in serving to identify a optimistic setting throughout the summit. “President Erdogan and President Trump are well known to have a good relationship, allowing for a positive start to the American participation,” she stated. In step with Hudson-Dean, most of the summit’s central discussions at once aligned with spaces the place Türkiye possesses really extensive operational enjoy. “The big issues on the NATO discussion table at this summit-rapid new defense spending, modernized, integrated defense capabilities, and conflict with Russia and in the Middle East-are all questions for which Turkiye has a lot of valuable experience to share.” She additionally pointed to contemporary remarks by means of Turkish Protection Minister Yasar Guler indicating that Türkiye is exploring choices to the Russian-made S-400 air protection machine. “Guler’s statement this week that Türkiye will seek other options for air defense, instead of the Russian system purchased years ago but never used, opens the possibility for better integration with American and European systems,” she stated. ALLIANCE FOCUSES ON IMPLEMENTATION Professionals additionally considered the summit as vital as a result of NATO shifted its focal point from environment political objectives to enforcing concrete army functions. The summit declaration reaffirmed the allies’ “ironclad” dedication to Article 5 of the Washington Treaty, below which an assault in opposition to one best friend is thought of as an assault in opposition to all. It additionally showed persisted implementation of the alliance’s 5% protection spending goal agreed ultimately yr’s Hague summit. Watkins described the summit conclusions as “realistic, sustainable, and necessary.” “So I believe that Mark Rutte achieved his objectives for the summit,” Watkins additional added. NATO UNITY COMES OUT STRONGER Watkins stated NATO’s biggest energy is still its brotherly love. “NATO’s center of gravity is its cohesion-shared values, interests and decades of close cooperation between its members at many levels of their governments and armed forces.” He famous that disagreements have at all times existed throughout the alliance however will have to now not overshadow selections reached jointly. “We shouldn’t draw definitive conclusions from what is said at these events, but look more upon what they decide-and whether they keep the alliance on a steady course,” he stated. Hudson-Dean in a similar fashion argued that the summit exceeded expectancies referring to solidarity. “The 2026 NATO summit achieved many of the goals laid out by the alliance, which we see in the strongly worded final declaration: clear unity around collective defense, Russia’s threat to Europe, and commitment to bigger defense spending and support for Ukraine.” She additionally highlighted the participation of Trump in all scheduled conferences, together with his discussions with Ukrainian President Volodymyr Zelenskyy, as a very powerful sign for Ecu allies. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** International **Tags:** diplomatic, experts, hosting, marks, NATO, success, summit, Türkiyes --- ### [Turkey launches Nationwide Inexperienced Finance Technique to give a boost to 2053 net-zero objective](https://turkbusinessnews.com/2026/07/10/turkey-launches-nationwide-inexperienced-finance-technique-to-give-a-boost-to-2053-net-zero-objective/) **Published:** July 10, 2026 **Author:** spsingh **Content:** The Turkish Ministry of Treasury and Finance has printed the Nationwide Inexperienced Finance Technique and Motion Plan (2026-2029), environment out Turkey’s roadmap for creating a clear, inclusive and leading edge inexperienced finance ecosystem that helps the rustic’s 2053 Web 0 Emissions Goal and sustainable building goals. The tactic goals to give a boost to get right of entry to to world weather finance, mobilize each home and world capital for sustainable financial actions, beef up monetary markets in opposition to climate-related dangers and create a monetary machine in a position to supporting the rustic’s inexperienced transition. It is usually structured round 3 strategic goals, 11 objectives and 45 movements, which will probably be carried out in cooperation with public establishments, regulators and marketplace members. Technique seeks to beef up sustainable finance ecosystem The ministry mentioned that weather exchange has turn out to be an financial, monetary and social problem along with an environmental one. Turkey, positioned within the Mediterranean Basin, is recognized as specifically prone to emerging temperatures, droughts, floods, wildfires and different climate-related dangers. On the identical time, the transition to a low-carbon economic system is gifted as a possibility to advertise innovation, beef up competitiveness and broaden new monetary merchandise. Mentioning the International Financial institution’s 2023 Nation Local weather and Building Document, the ministry estimates that Turkey would require roughly $68 billion in more funding between 2022 and 2030 to succeed in its resilient net-zero pathway, with more or less part of this funding anticipated to return from the non-public sector. In consequence, strengthening the sustainable finance ecosystem is described as very important for mobilizing inner most capital, making improvements to weather chance pricing and lengthening the resilience of the monetary machine. In keeping with the ministry, the tactic is constructed upon a sequence of nationwide coverage paperwork followed between 2021 and 2025, together with the Inexperienced Deal Motion Plan, the Local weather Council Ultimate Declaration, the 12th Building Plan (2024-2028), the Medium-Time period Methods, the Ministry of Treasury and Finance Strategic Plan and the Local weather Regulation, which entered into drive in July 2025. In combination, those paperwork name for the advance of sustainable finance, a countrywide inexperienced taxonomy, sustainable banking laws, carbon pricing mechanisms, weather chance control, sustainability reporting requirements, inexperienced monetary merchandise and more potent institutional capability. Monetary sector assigned a central position in net-zero transition The ministry mentioned that the Turkish monetary sector will play a central position in attaining the 2053 net-zero goal by way of directing capital towards sustainable investments, integrating weather and environmental dangers into monetary decision-making and supporting the rustic’s adaptation to world sustainability requirements. It famous that monetary establishments are an increasing number of anticipated to include environmental, social and governance (ESG) components into lending, funding and chance control whilst making improvements to climate-related disclosures and reporting practices. The file additionally emphasizes the significance of aligning Turkey’s monetary framework with world sustainable finance requirements to facilitate get right of entry to to world capital markets. 3 strategic pillars shape the foundation of the tactic To reach its goals, the tactic is arranged round 3 strategic pillars. The primary makes a speciality of organising the institutional and regulatory infrastructure vital for a clear and measurable inexperienced finance ecosystem. Deliberate movements come with creating the Turkey Inexperienced Taxonomy, strengthening sustainability reporting requirements, making improvements to climate-related knowledge assortment and disclosure, integrating weather dangers into monetary supervision, bettering tracking programs and organising not unusual requirements that give a boost to transparency and comparison throughout monetary markets. The second one strategic pillar goals to beef up institutional capability and human assets. The file requires increasing technical experience inside public establishments, monetary regulators and personal monetary establishments thru coaching techniques, analysis, wisdom sharing and nearer cooperation between executive businesses, academia and the monetary sector. It additionally emphasizes elevating consciousness amongst companies, buyers and monetary marketplace members referring to sustainable finance rules and climate-related monetary dangers. The 3rd pillar seeks to ascertain marketplace mechanisms that give a boost to the expansion of inexperienced finance. The tactic promotes the advance and wider use of inexperienced loans, inexperienced bonds, sustainability-linked bonds, sukuk, social affect bonds and different sustainable monetary tools. It additionally helps increasing inexperienced banking practices, strengthening sustainable capital markets, encouraging institutional investor participation, making improvements to insurance coverage merchandise associated with weather dangers and selling leading edge financing mechanisms in a position to attracting each home and world funding into inexperienced initiatives. The Ministry of Treasury and Finance will paintings along with monetary regulators, supervisory government, the Central Financial institution, the Capital Markets Board, the Banking Law and Supervision Company, related ministries and private-sector stakeholders to put in force the tactic in keeping with an outlined timetable. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Finance **Tags:** Finance, goal, Green, launches, National, netzero, Strategy, support, Turkey --- ### [Belgian protection minister says Europe must faucet Turkish era - Türkiye These days](https://turkbusinessnews.com/2026/07/10/belgian-protection-minister-says-europe-must-faucet-turkish-era-turkiye-these-days/) **Published:** July 10, 2026 **Author:** spsingh **Content:** Belgian Protection Minister Theo Francken stated Türkiye is crucial NATO best friend and that Europe must make higher use of Turkish era in protection manufacturing, forward of the July 7-8 NATO assembly in Ankara. He stated NATO had confronted tricky occasions just lately and that harmony was once due to this fact extra vital than ever. “There was discussion about the Middle East, about the war against the Iranian regime, we had some tensions on opening the military bases for American aircraft, we had some discussions about stepping up on defense spending,” Francken stated. “Of course, it was not the easiest year for NATO.” He stressed out the will for cooperation on protection funding, the NATO Drive Fashion, higher manufacturing, air protection and new applied sciences. “United we stand, divided we fall and I think that is most important: show unity,” he stated. Requested about his expectancies for the summit, Francken stated: “I’m looking forward to go to Ankara because the warm hospitality of the Turkish people is so, so, so nice.” He stated he would additionally attend the NATO Protection Business Discussion board. Francken stated the alliance’s 2d precedence must be era, air protection and higher commercial manufacturing, whilst the 3rd must be persevered make stronger for Ukraine. ![](https://www.turkiyetoday.com/s/i/i-fotobuyut.svg) Infantrymen stand guard at Ay Yildiz Joint Headquarters, which brings in combination the Common Personnel and the Military, Army, and Air Drive instructions beneath one roof, in Ankara, Türkiye on July 2, 2026. (AA Picture) ‘NATO 3.0’ calls for higher Eu duty Requested in regards to the “NATO 3.0” imaginative and prescient anticipated to take form on the Ankara assembly, Francken stated Belgium and different Eu allies should suppose higher duty. “Belgium and European allies need to step up, invest highly in defense and be there to take the security architecture of the European continent into our own hands,” he stated. “That is actually the challenge and that’s what we need to do.” On the possibility of the U.S. reducing its military contribution in Europe and European allies filling the resulting gaps, Francken said NATO needed strong planning. “What we need to do is have good planning, NATO planning. The SACEUR, Supreme Allied Commander, is doing this,” he stated. “It’s important that we really get that going, have good plans and follow those plans.” Francken stated this supposed assembly goals and addressing all capacity gaps as a result of U.S. troops and armed forces belongings can be withdrawn from Europe as Washington shifted its center of attention towards Asia and the Pacific. “That means that we have to step up and fulfil our challenges, fill those gaps and that’s what we need to do,” he stated. Francken stated Belgium would allocate air-to-air refueling plane, F-16 fighter jets, MQ-9B SkyGuardian drones and intelligence, surveillance and reconnaissance features beneath the NATO Drive Fashion. “We are immediately ready to deploy more for NATO from the Belgian defense,” he stated. Francken urges inclusion of Türkiye in SAFE-II Francken additionally highlighted Türkiye’s contributions to NATO and stated the rustic must be integrated in Eu protection techniques. “Türkiye is a very important ally. It’s a long-standing ally. It’s a country that is very important within NATO,” he stated. “So, yes, we need Türkiye within NATO and I hope that we can work very well together.” Francken stated he had heard that the summit can be “organized 100% super, super good” and that he was once having a look ahead to experiencing Turkish hospitality once more. “I love Ankara, I love Türkiye, so I’m really looking forward to be there,” he stated. Francken stated Türkiye must be integrated in SAFE-II, regarding the EU’s protection financing mechanism. “For me, Türkiye needs to be in SAFE-II,” he stated. “I think that it’s necessary to have a SAFE-II package on loans, European loans, and I think Türkiye needs to be in. The fact that Türkiye was not in SAFE-I, it is a mistake.” “We can learn a lot from your technology,” he added. Belgian minister praises Turkish corvette Francken additionally referred to his consult with to Türkiye’s TCG Burgazada corvette, which is docked at Belgium’s Zeebrugge Naval Base for Army Days 2026. “I saw your corvette ship, it is beautiful, it has a lot of technology, it’s high standard,” he stated. Francken stated Türkiye had to be a part of Europe’s protection manufacturing efforts on account of its significance as an best friend. “We need to work together. We have adversaries, enemies that are getting stronger every day, so we need to work together to stand strong and defend our values,” he stated. Belgium seeks deeper protection cooperation Francken stated Belgium and Türkiye already cooperate in different spaces, together with joint coaching actions beneath NATO. “I think that we can also look to do procurement together, industrial cooperation together,” he stated. He additionally referred to Belgium’s financial project to Türkiye ultimate month, announcing it was once proceeding to provide new agreements. “We had our economic mission to Türkiye and now still contracts are coming out,” he stated. “Even months after, you see that the economic mission gives really good results. So, that’s something positive and we go with that flow, we continue.” ![](https://www.turkiyetoday.com/s/i/i-share.svg) July 03, 2026 12:23 PM GMT+03:00 ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Technology **Tags:** Belgian, defense, Europe, minister, tap, Technology, Today, Turkish, Türkiye --- ### [Trump says ceasefire with Iran is 'over' as NATO summit wraps](https://turkbusinessnews.com/2026/07/10/trump-says-ceasefire-with-iran-is-over-as-nato-summit-wraps/) **Published:** July 10, 2026 **Author:** spsingh **Content:** Turkish President Recep Tayyip Erdogan welcomes President Trump upon his arrival at Etimesgut Air Base close to Ankara, Turkey, on July 7 prior to attending the NATO summit. Abdullah Guclu/AFP by means of Getty Photographs cover caption toggle caption Abdullah Guclu/AFP by means of Getty Photographs President Trump mentioned Wednesday he believes the present ceasefire with Iran is over after an change of assaults between the U.S. and Iran, the most recent escalation straining the settlement to finish the struggle. “I think it’s over. I don’t want to deal with them anymore. They’re scum,” Trump instructed newshounds in Ankara, Turkey, the place he’s attending the NATO summit. The U.S. introduced a 2nd spherical of assaults Wednesday, after hanging 80 goals on Tuesday, consistent with U.S. Central Command. The beautiful turnaround comes simply 3 weeks after Trump celebrated the signing of a memorandum of figuring out between the U.S. and Iran to assist finish the struggle he and Israel began. Trump insisted the deal would carry “peace and security” to the area. However inside of simply weeks, he is amped up aggression. “We hit them very hard last night. Probably hit them hard again tonight,” he mentioned previous Wednesday. Trump mentioned the U.S. hasn’t attacked Iran on the “highest level” but, pronouncing he may just hit electrical vegetation and desalination vegetation. “I don’t want to do that but if we have to, we’ll take them out,” Trump mentioned. Assaults on civilian infrastructure may just represent a struggle crime. He additionally floated the speculation of reinstituting the naval blockade on Iran. Trump’s declaration in Ankara that the figuring out is moot has already impacted markets, with oil costs beginning to climb once more. And it leaves his celebration, and his personal approval scores, in a precarious place as soon as once more with 4 months till the midterm election and little time to treatment the struggle that American citizens have disapproved of from the beginning. The president, alternatively, didn’t rule out talks proceeding to completely finish the struggle with Iran. He mentioned the highest U.S. negotiators, particular envoy Steve Witkoff and his son-in-law Jared Kushner, wish to proceed to barter. However, Trump added, “as far as I’m concerned, it’s just a waste of time dealing with them. They’re liars,” he mentioned. There used to be no instant reaction from the Iranian executive. Trump’s feedback got here after the U.S. and Iran traded assaults once more in a single day Wednesday, the second one such escalation for the reason that two facets signed an period in-between deal in mid-June. The moves adopted Tuesday’s assaults from Iran on 3 industrial ships within the Strait of Hormuz. The U.S. mentioned it performed moves on Iranian goals in what it mentioned used to be retaliation for the former Iranian aggression. The Iranian Modern Guard mentioned it answered to these moves through launching missiles and drones in opposition to Kuwait and Bahrain, two Arab Gulf international locations that host U.S. army bases. Trump used to be in Ankara to wait the NATO summit the place he has persevered to air grievances, lamenting that Ecu international locations do not give a contribution sufficient to their very own protection spending, as Russia’s struggle in opposition to Ukraine has dragged on. He has additionally expressed frustration for the reason that U.S. and Israel’s struggle with Iran started that Europe hasn’t been supportive sufficient of his schedule. ![U.S. President Donald Trump (R) and NATO Secretary-General Mark Rutte (L) appear during a meeting in the Oval Office of the White House on June 24, 2026 in Washington, DC.](https://npr.brightspotcdn.com/dims3/default/strip/false/crop/3744x3744+936+0/resize/100/quality/100/format/jpeg/?url=http%3A%2F%2Fnpr-brightspot.s3.amazonaws.com%2Fdc%2F3e%2F99e2cb514a6f8a3cd99fa72edd5d%2Fgettyimages-2282641281.jpg) Previous within the day, the president mentioned he used to be “testing” allies on how they might assist with the struggle. “Italy turned us down, and Germany turned us down, and France turned us down, and it’s OK, but you know, why are we spending hundreds of billions of dollars and they’re not there for us? We’ve always been there for them,” Trump mentioned. The stress between Trump and NATO countries has additionally grown because the president persevered on Tuesday to insist that the U.S. will have to have keep an eye on of Greenland, a territory these days below Denmark. In spite of friction within the alliance, Trump and the allies have discovered commonplace floor on Ukraine. Trump met with Ukrainian President Volodymyr Zelenskyy at the sidelines of the collection, and mentioned that the U.S. will permit Ukraine a license to provide Patriot Missiles, which he referred to as “pretty cool.” “We’re going to give a license to you to make ‌Patriots … This way, you can’t complain that we’re not giving ’em enough,” Trump mentioned within the assembly with Zelenskyy. Negotiating an finish to the struggle between Russia and Ukraine has been an elusive objective for Trump, who has teased not too long ago that the tip of the struggle is “getting closer,” with out offering a lot additional element. He additionally mentioned he would quickly discuss with Russian President Vladimir Putin. On Tuesday, Trump met with the chief of the host country, Turkish President Recep Tayyip Erdogan, whom he considers a chum. The 2 mentioned the U.S. probably promoting F-35 fighter jets to Turkey — regardless of there being a congressional ban in position that forestalls this. “We have a very good relationship. … Why wouldn’t we do that?” Trump mentioned in his assembly with Erdogan. Tina Kraja in Washington, D.C., contributed reporting to this tale. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Press Release **Tags:** ceasefire, Iran, NATO, summit, Trump, wraps --- ### [Türkiye, Canada officially release loose industry settlement talks](https://turkbusinessnews.com/2026/07/10/turkiye-canada-officially-release-loose-industry-settlement-talks/) **Published:** July 10, 2026 **Author:** spsingh **Content:** Türkiye and Canada have officially introduced negotiations on a loose industry settlement aimed toward deepening their financial partnership, consistent with a joint remark issued on Tuesday. The announcement got here after Turkish President Recep Tayyip Erdoğan and Canadian Top Minister Mark Carney met at the sidelines of the NATO summit in Ankara on July 7. The remark stated the 2 leaders advised officers to officially start talks on a complete, fashionable and mutually advisable loose industry settlement. In early June, Turkish Business Minister Omer Bolat and Canadian World Business Minister Maninder Sidhu issued a joint ministerial remark saying the release of exploratory discussions towards a complete loose industry settlement. Türkiye and Canada are actually transferring to the following level via opening formal negotiations, the remark stated. The settlement is predicted to beef up financial enlargement, give a contribution to process advent, strengthen competitiveness, enhance international provide chains and enlarge financial cooperation between the 2 international locations, it added. Technical groups from each international locations will paintings within the coming months to outline the scope and goals of the settlement and get ready for the primary spherical of negotiations. “Both governments look forward to working together to advance a high-quality agreement that strengthens the Canada-Türkiye partnership and creates new opportunities for prosperity for businesses, workers and people in both countries,” the remark stated. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Business **Tags:** agreement, Canada, formally, free, launch, talks, trade, Türkiye --- ### [Türkiye rejects Ecu Parliament solution on Cyprus as null and void](https://turkbusinessnews.com/2026/07/10/turkiye-rejects-ecu-parliament-solution-on-cyprus-as-null-and-void/) **Published:** July 10, 2026 **Author:** spsingh **Content:** Türkiye past due Thursday rejected a Ecu Parliament solution on Cyprus, calling it “null and void” and accusing the EU of taking a biased strategy to the decades-long dispute. In a observation, the Turkish International Ministry stated the solution contained “baseless and preposterous allegations against the heroic Turkish Armed Forces.” “The resolution adopted by the European Parliament, which contains baseless and preposterous allegations against the heroic Turkish Armed Forces, is null and void,” the ministry stated. The ministry additionally expressed complete give a boost to for a observation issued through the International Ministry of the Turkish Republic of Northern Cyprus (TRNC) in accordance with the solution. Describing the textual content as “replete with despicable slanders,” the ministry stated it represented “the latest example of the biased and distorted approach adopted by the EU and the European Parliament in particular, under the influence of certain circles, with respect to the Cyprus issue.” The ministry additionally voiced worry over the EU’s more and more one-sided stance on Cyprus. “It is concerning that EU institutions are increasingly approaching the Cyprus issue in a manner that departs from historical realities and impartiality,” the observation stated. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** National **Tags:** Cyprus, European, null, Parliament, rejects, resolution, Türkiye, void --- ### [Landslide kills 10 members of the family in southern Philippines](https://turkbusinessnews.com/2026/07/10/landslide-kills-10-members-of-the-family-in-southern-philippines/) **Published:** July 10, 2026 **Author:** spsingh **Content:** A minimum of 10 other folks had been killed Friday after a landslide brought about via heavy rains buried them within the southern Philippines, state-run media reported. The heavy downpour was once introduced via Storm Inday, and native officers stated seek and rescue groups had been proceeding “retrieval operations to ensure that all the missing are found, whether dead or alive.” “The fatalities were related to each other, by affinity and by blood,” Malapatan Mayor Salway Sumbo Jr. stated. Officers stated the sufferers had been most likely drowsing when the landslide struck in a single day. “Forced evacuation is in progress in some areas of Malapatan as light to heavy rains continue across the province,” the mayor added. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** International **Tags:** family, kills, Landslide, members, Philippines, southern --- ### [Türkiye Joins NATO’s PURL Mechanism to Lend a hand Finance Guns for Ukraine](https://turkbusinessnews.com/2026/07/10/turkiye-joins-natos-purl-mechanism-to-lend-a-hand-finance-guns-for-ukraine/) **Published:** July 10, 2026 **Author:** spsingh **Content:** Türkiye will amplify its army beef up for Ukraine by means of contributing to NATO’s Prioritized Ukraine Necessities Record (PURL), a mechanism that permits spouse nations to finance the procurement of guns and armed forces apparatus for Kyiv, Turkish President Recep Tayyip Erdoğan introduced all over the NATO Summit on July 8. We carry you tales from the bottom. Your beef up assists in keeping our crew within the box. DONATE NOW In step with Turkish protection outlet SavunmaSanayiST on July 8, Erdoğan mentioned Ankara would proceed supplying army support from its personal nationwide stockpiles whilst additionally taking part in the PURL initiative. ÖNEMLİ | Cumhurbaşkanı Erdoğan: “Ukrayna’ya kendi milli envanterimizden sağladığımız askeri desteğe ek olarak PURL (Prioritized Ukraine Requirements List) erişimi kapsamında katkımızı sürdüreceğiz. Ukrayna’yi desteklerken Rusya’yı da barışa yönlendirecek şekilde iletişim… https://t.co/2L4WGCgOKO [pic.twitter.com/2p9sty3DKn](https://t.co/2p9sty3DKn) — SavunmaSanayiST.com (@SavunmaSanayiST) July 8, 2026 “In addition to the military support we have provided to Ukraine from our own national inventory, we will continue our contributions within the framework of PURL (Prioritized Ukraine Requirements List),” Erdoğan said. Erdoğan also said Türkiye intends to maintain diplomatic engagement with Moscow while continuing its support for Ukraine. “While supporting Ukraine, we are also using our communication channels in such a way as to guide Russia toward peace,” he said. According to SavunmaSanayiST, PURL is a NATO-coordinated mechanism that identifies Ukraine’s priority military requirements and enables partner nations to finance the procurement of the requested equipment. The initiative primarily supports the purchase of weapons and military systems requested by Ukraine. Learn extra CategoryLatest newsUkraine’s Bayraktar TB2 Returns to Battle — Why Now, and The place Has It Been? The Complete Tale of a Wartime Legend Jun 26, 2025 18:01 Türkiye has been one in every of Ukraine’s key protection companions since earlier than Russia’s full-scale invasion. Kyiv bought Turkish-made Bayraktar TB2 strike drones previous to 2022, and the 2 nations have since expanded cooperation to come with the development of a Baykar drone manufacturing facility in Ukraine, collaboration on plane engine building, and the development of Ada-class corvettes for the Ukrainian Military. Erdoğan’s announcement follows NATO Secretary Normal Mark Rutte’s contemporary affirmation that guns funded throughout the Prioritized Ukraine Necessities Record (PURL), together with air protection interceptors, are already being brought to and utilized by Ukrainian forces. Forward of the NATO Summit, Rutte recommended allies to amplify contributions throughout the mechanism, stressing that persisted air protection beef up stays vital as Russia maintains missile and drone assaults on Ukrainian towns. ![Protect Ukrainian Skies](https://storage.united24media.com/thumbs/1058x596/5/7c/(x187-y452-w1110-h627)-9a7b3a98ed5c506e0b77a6663f5727c5.png)![Logo](https://united24media.com/static/build/img/logo.qJ-S0EWo.svg) ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Finance **Tags:** Finance, Joins, Mechanism, NATOs, PURL, toHelp, Türkiye, Ukraine, Weapons --- ### [Turkey does not want F-35s to threaten Israel | The Jerusalem Publish](https://turkbusinessnews.com/2026/07/10/turkey-does-not-want-f-35s-to-threaten-israel-the-jerusalem-publish/) **Published:** July 10, 2026 **Author:** spsingh **Content:** Trump, sitting beside Erdogan on Tuesday, signaled he used to be already leaning the opposite direction. He informed newshounds his management would elevate the CAATSA sanctions imposed after Turkey purchased the Russian S-400 missile device in 2019, and that restoring Ankara’s get right of entry to to the F-35 used to be “certainly something we will consider.” For a Turkish chief who has chased each results since his air power used to be expelled from this system seven years in the past, it used to be the nearest factor to a inexperienced mild he has won from Washington. The F-35 tale will dominate protection out of Ankara this week. However for Israeli safety planners looking to gauge what Turkey would if truth be told do with expanded get right of entry to to complex Western generation, the extra helpful case find out about is not taking part in out on the summit. It is in Libya, the place Turkey has spent seven years turning a civil conflict right into a are living demonstration of precisely the type of regional energy projection Netanyahu used to be caution about. Seven years in Libya’s skies Turkey’s Bayraktar TB2 drones entered the Libyan conflict in 2019, and inside months they broke the momentum of Khalifa Haftar’s attack on Tripoli. Precision moves on Haftar’s armored columns, mixed with Turkish digital conflict programs that jammed his Russian-supplied air defenses, grew to become a collapsing place for the UN-recognized executive right into a stalemate that has held, in more than a few paperwork, ever since. The drones have been adopted through troops, running shoes, and an enduring footprint: a naval presence at Misrata and an airbase at Al-Watiya that also function upkeep depots and command nodes for Turkish-supplied platforms. In December, Turkey’s parliament voted to increase that deployment for any other two years. Few Turkish army commitments out of doors its personal borders have lasted this lengthy. Libya’s military leader of team of workers Mohammed Ali Ahmed Al-Haddad attends a rite at a clinical coaching camp on an army base in Al-Khums, Libya, December 21, 2025 (credit score: Normal Team of workers of the Libyan Military by the use of Fb/Handout by the use of REUTERS )Independence as leverage What separates Libya from an bizarre palms courting is what it finds about Turkey’s underlying technique. Ankara has spent the previous decade construction an indigenous protection base: Baykar’s drone households, Aselsan’s Koral digital conflict suite, the TAI KAAN fighter program, the MILGEM corvette line. The purpose has at all times been to flee the political stipulations that come hooked up to Western exports. In Libya, that independence converts without delay into affect. Devices skilled on Turkish apparatus inherit Turkish upkeep contracts and Turkish doctrine, a dependency that outlasts any unmarried palms cargo and that rival powers have struggled to dislodge. That’s what makes this week’s F-35 dialogue other from previous rounds of the similar struggle. Turkey is not negotiating from a place of natural dependency on American {hardware}. An F-35 sale would now not hand Ankara a brand new capacity such a lot as validate and lengthen one it has already constructed, examined, and exported on anyone else’s battlefield. Hedging towards Haftar Turkey’s place has additionally grown extra opportunistic. For many of the previous six years, Ankara subsidized simplest the Tripoli executive towards Haftar’s forces within the east. That started to shift in 2025. Ibrahim Kalin, head of Turkey’s intelligence carrier, met Haftar and his son Saddam in Benghazi ultimate August. By way of the next summer time, satellite tv for pc imagery reviewed through Reuters recommended Turkish TB2s had reached an airbase managed through Haftar’s forces for the primary time, a reversal that may were unthinkable all through the 2020 siege of Tripoli. The obvious value of admission is ratification, through the eastern-based Space of Representatives, of the 2019 maritime boundary memorandum Ankara signed with Tripoli, an settlement that cuts throughout Greek and Cypriot claims within the Jap Mediterranean and that Israeli officers have watched warily given their very own offshore gasoline fields, mainly the Leviathan and Tamar reservoirs that anchor Israel’s power exports to Europe. As of this spring, ratification nonetheless hadn’t took place. However the route of go back and forth is obvious: Turkey is now keen to arm all sides of a Libyan civil conflict if doing so protects its maritime and effort claims. This can be a acquainted playbook. Turkey has hedged this manner prior to, promoting TB2s to Morocco after which armed Anka-S drones to Algeria to control the fallout, treating rival consumers as parallel income streams moderately than a strategic contradiction. The true proliferation chance For Israel, the fear used to be by no means in point of fact the {hardware} itself. It is who finally ends up keeping it. Turkey’s document in Libya displays a constant development: favoring factions and personalities aligned with Erdogan’s personal political networks, some with documented Muslim Brotherhood sympathies, over the improvement of a unified, skilled Libyan army. Complex drones and digital conflict programs sitting with ideologically aligned militias, moderately than an responsible state, is exactly the proliferation chance Israeli officers have raised about Turkish exports in different places within the area. It sits uneasily subsequent to the broader regional image Israel has spent the previous 5 years construction. The Abraham Accords leisure on a gamble that Gulf states, Sunni governments cautious of political Islam amongst them, will stay aligning with Israel towards Iran and its proxies. A Turkey that palms Muslim Brotherhood-linked networks whilst additionally sitting inside of NATO complicates that guess with out ever mentioning itself Israel’s enemy outright. It is also why Netanyahu’s F-35 intervention this week wasn’t in point of fact a couple of unmarried airplane. Turkey’s Libya document suggests that when Ankara positive factors a technological edge, it makes use of that edge to advance a political and ideological venture, now not only a nationwide protection one. Erdogan has had seven years and two Libyan factions to reveal what he does with subtle generation as soon as he has it. Jerusalem’s activity now’s convincing Washington that the F-35 query and the Libya query are, in substance, the similar query, requested in two other theaters. Ankara has already given its resolution. Washington remains to be deciding whether or not it used to be listening. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Technology **Tags:** doesnt, F35s, Israel, Jerusalem, Post, threaten, Turkey --- ### [Trump hails](https://turkbusinessnews.com/2026/07/10/trump-hails/) **Published:** July 10, 2026 **Author:** spsingh **Content:** Washington — President Trump mentioned “unification” was once the dominant theme of a “successful” North Atlantic Treaty Group summit in Turkey this week, suggesting two days of gatherings with NATO allies smoothed over one of the president’s frustrations with them over Iran. Mr. Trump, who started the summit in Ankara via suggesting Turkey is a greater best friend than most of the extra conventional Ecu allies, concluded it with a press convention touting the “tremendous love” exhibited via all NATO leaders for the U.S. and for each and every different. “If you could have seen the respect and the love in the room, and it’s love really for the country, for our country,” he mentioned. “But they do, they like the job I’m doing. They said, ‘We love, sir, we love you.’ These are grown people saying that, isn’t that nice? Maybe, I don’t know, maybe they’re trying to get to me. And in a way they did, because there was tremendous unity in that room.” He thanked Turkish President Recep Tayyip Erdoğan, the host of the summit, calling him a “great man” and a “great leader.” However flanked via Secretary of State Marco Rubio, Treasury Secretary Scott Bessent, Protection Secretary Pete Hegseth, U.S. ambassador to NATO Matt Whitaker and White Area deputy leader of body of workers Stephen Miller, the president took a extra certain tone towards Ecu allies, regardless of his criticisms of them for now not taking extra energetic roles in serving to the U.S. with Iran. “They just had a bad moment,” Mr. Trump mentioned, relating to a number of allies’ resolution to stick at the sidelines relating to Iran and the Strait of Hormuz. “They didn’t help us. We didn’t need the help. But if we would have wanted the help.” “I can only say if there’s one word that comes out of today it’s unification,” he added. “I’ve never seen anything like it. Every one of those countries. They love us, they love each other. That was tremendous unification.” President Trump speaks to the media on the NATO leaders’ summit in Ankara, Turkey, July 8, 2026. Umit Bektas / REUTERS On the two-day summit, Mr. Trump persevered to press NATO states to spend 5% in their annual GDP on protection, because the Trump management has lengthy held many individuals are not wearing their weight. Mr. Trump insisted “all” the NATO nations need U.S. protection apparatus. Iran got here up many times within the president’s bilateral conferences. Previous Wednesday, Mr. Trump mentioned that the ceasefire with Iran is “over.” He informed newshounds that the U.S. would possibly reinstate its naval blockade of Iran, and would almost certainly strike Iran more difficult once more Wednesday evening, after Iran attacked 3 tankers within the Strait of Hormuz this week. NATO Secretary Basic Mark Rutte expressed fortify for the moves the U.S. has performed since Iran’s assaults at the tankers: “It was a very strong response, and I’m with you on this.” Mr. Trump declared that “the Iran war has been a tremendous military success,” prior to suggesting throughout his press convention that Iran may assassinate him, noting its leaders had been killed throughout the battle. “Their leaders are gone,” he mentioned of Iran. “Head leaders, they’re gone, and they had another set of leaders, they’re gone. Now they have another set of leaders — they may be gone — who knows. And you know what? I may be gone, too. Because I’m their No. 1 target.” “I’m not sure I want to make a deal with them,” Mr. Trump added, announcing he may simply “finish” the process in Iran. Lower than 3 hours after Mr. Trump lifted off from Turkey, U.S. Central Command introduced any other spherical of moves on Iran had begun, at Mr. Trump’s course. “At the direction of the Commander in Chief, U.S. Central Command forces have started conducting additional strikes against Iran to further degrade their ability to threaten freedom of navigation in the Strait of Hormuz,” U.S. Central Command mentioned. “The United States is holding Iran accountable for recent unjustified aggression against commercial shipping and civilian crews freely navigating a vital international waterway.” Greenland additionally remains to be an unanswered query for the Trump management, roiling Ecu allies in NATO. On Wednesday, Mr. Trump mentioned Greenland is “very important to us,” including the U.S. “took Greenland” after International Battle II, “and then stupidly we gave it back.” The U.S. did protect Greenland from German career throughout International Battle II, however Denmark at all times retained the island. “Greenland is, of course, not for sale,” Danish High Minister Mette Frederiksen repeated Wednesday. “We hope that all, including all allies, will respect the Greenland people’s right for self-determination,” Frederiksen mentioned. “And we are sovereign states and we need everybody to respect our territorial integrity and our sovereignty.” She mentioned Denmark is “ready to defend every inch of NATO including our own territory” within the match of an assault and would depend on NATO allies to honor their dedication to protect each and every different. Different NATO member nations have reaffirmed their fortify for Denmark. Amid this rupture, Mr. Trump mentioned Tuesday that the U.S. must assist Turkey, a rustic that “frankly has been more helpful to the United States than many other more traditional countries.” On Tuesday, he introduced his plans to ease sanctions on Turkey, and mentioned he is taking into consideration permitting the rustic to reenter the F-35 fighter jet program as soon as once more. Turkey was once kicked out of this system via the Trump management in 2019 over its use of Russian protection generation, observed as a countrywide safety fear. In 2020, Congress handed law successfully prohibiting the switch of F-35 plane to Turkey. Whilst some Republicans are nonetheless expressing issues over the potential of Turkey obtaining F-35s, Mr. Trump mentioned he does not have any issues about Turkey, and praised Erdoğan. “I have no concerns at all about anything,” he mentioned. “I mean, he’s a leader of a country that he’s made a much better country, much more powerful country. You see it — I mean, it’s beautiful, you get off, the roads are beautiful, it’s an amazing thing. No, I have no concerns about anything having to do with Turkey.” Mr. Trump met with a variety of international leaders at the sidelines of NATO, together with Ukrainian President Volodymyr Zelenskyy. Russia’s battle in Ukraine is any other key matter for NATO allies, without a solution in sight. All over their assembly, Mr. Trump introduced the U.S. will grant Ukraine the license to make their very own Patriot missiles for cover, at the same time as Mr. Trump introduced sympathetic phrases to each Russia and Ukraine. The U.S. president informed newshounds to present him inquiries to put across to Russian President Vladimir Putin after they discuss later. A Ukrainian reporter requested, “When will he end this war?” “That’s a good question,” the U.S. president answered. “I don’t think I’ve ever asked him that question. I’m going to ask him that question.” The Related Press contributed to this record. Extra from CBS Information Cross deeper with The Loose Press ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Press Release **Tags:** hails, Trump --- ### [Vodafone Exams Power-Saving 5G Era to Spice up Community Resilience in Türkiye](https://turkbusinessnews.com/2026/07/10/vodafone-exams-power-saving-5g-era-to-spice-up-community-resilience-in-turkiye/) **Published:** July 10, 2026 **Author:** spsingh **Content:** Vodafone is trialling energy-saving 5G generation in Türkiye, the use of new radio antennas and complex engineering designed to spice up efficiency and resilience whilst saving energy. In an industry-first check, Vodafone accomplished as much as 10% calories financial savings the use of new tool and hardware-based energy saving ways, in addition to an extra 20% aid with subsequent technology radios. This permits Vodafone to dynamically upload capability to check call for, making sure consumers obtain uninterrupted speedy connectivity whilst making extra environment friendly use of community sources and lowering pointless energy intake. ![Comarch](data:image/svg+xml;charset=UTF-8,%3csvg xmlns=) Mild bulb second In most energy-saving mode, Vodafone’s radio antenna can perform the use of as low as 10 watts of energy – round an identical quantity utilized by a typical LED gentle bulb – whilst returning to complete capability in roughly 30 seconds. All the way through this procedure, uninterrupted provider remains to be delivered over the low- and mid-band frequencies, and whole capability is reached through reactivating Large MiMo radios the use of the three.5GHz spectrum. The three.5GHz frequency is frequently utilized in Vodafone Türkiye with Large MIMO radios to spice up capability in busy city spaces. In speedy reaction mode, the radios perform at 50 watts and will go back to complete efficiency in lower than 5 seconds, making sure further community capability is to be had virtually in an instant on every occasion site visitors call for will increase. Along with lowering calories use, the generation strengthens community resilience through enabling cell base stations to run for longer on backup energy provides right through electrical energy grid outages. It marks the most important step in Vodafone’s ambition to construct extra sustainable, future-ready networks. BESTT facility in Turkey The assessments are going down at Vodafone’s newly opened multi-vendor cell check and innovation centre in Istanbul, Türkiye. Referred to as BESTT (Benchmark Atmosphere Website online Checking out in Turkey), the ability replicates a are living community to check and validate customer-focused radio get right of entry to community (RAN) tool and {hardware}, whilst additionally supporting innovation, together with new 5G Complicated (the following technology of 5G) packages. Vodafone will proceed to check and refine the generation, the use of complex algorithms to assist be sure consumers obtain a quick, dependable 5G connection. The announcement follows Vodafone’s national industrial release of 5G in Türkiye in April 2026, when the community was once activated throughout all 81 provincial centres. Marco Zangani, Director of Community Technique and Structure, Vodafone I’m proud that we have got been ready to frequently push calories potency to its limits through switching off our radio gadgets for terribly quick classes, but repair them to complete operation inside of seconds. This is helping us ship a perfect cell enjoy for patrons whilst saving energy and making improvements to resilience right through emergencies. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Technology **Tags:** Boost, EnergySaving, Network, Resilience, Technology, Tests, Türkiye, Vodafone --- ### [Türkiye Joins NATO’s PURL Mechanism to Assist Finance Guns for Ukraine](https://turkbusinessnews.com/2026/07/10/turkiye-joins-natos-purl-mechanism-to-assist-finance-guns-for-ukraine/) **Published:** July 10, 2026 **Author:** spsingh **Content:** Türkiye will extend its army give a boost to for Ukraine by way of contributing to NATO’s Prioritized Ukraine Necessities Record (PURL), a mechanism that permits spouse nations to finance the procurement of guns and armed forces apparatus for Kyiv, Turkish President Recep Tayyip Erdoğan introduced all through the NATO Summit on July 8. We carry you tales from the bottom. Your give a boost to assists in keeping our workforce within the box. DONATE NOW In line with Turkish protection outlet SavunmaSanayiST on July 8, Erdoğan stated Ankara would proceed supplying army support from its personal nationwide stockpiles whilst additionally taking part in the PURL initiative. ÖNEMLİ | Cumhurbaşkanı Erdoğan: “Ukrayna’ya kendi milli envanterimizden sağladığımız askeri desteğe ek olarak PURL (Prioritized Ukraine Requirements List) erişimi kapsamında katkımızı sürdüreceğiz. Ukrayna’yi desteklerken Rusya’yı da barışa yönlendirecek şekilde iletişim… https://t.co/2L4WGCgOKO [pic.twitter.com/2p9sty3DKn](https://t.co/2p9sty3DKn) — SavunmaSanayiST.com (@SavunmaSanayiST) July 8, 2026 “In addition to the military support we have provided to Ukraine from our own national inventory, we will continue our contributions within the framework of PURL (Prioritized Ukraine Requirements List),” Erdoğan said. Erdoğan also said Türkiye intends to maintain diplomatic engagement with Moscow while continuing its support for Ukraine. “While supporting Ukraine, we are also using our communication channels in such a way as to guide Russia toward peace,” he said. According to SavunmaSanayiST, PURL is a NATO-coordinated mechanism that identifies Ukraine’s priority military requirements and enables partner nations to finance the procurement of the requested equipment. The initiative primarily supports the purchase of weapons and military systems requested by Ukraine. Learn extra CategoryLatest newsUkraine’s Bayraktar TB2 Returns to Fight — Why Now, and The place Has It Been? The Complete Tale of a Wartime Legend Jun 26, 2025 18:01 Türkiye has been one in every of Ukraine’s key protection companions since sooner than Russia’s full-scale invasion. Kyiv bought Turkish-made Bayraktar TB2 strike drones previous to 2022, and the 2 nations have since expanded cooperation to come with the development of a Baykar drone manufacturing facility in Ukraine, collaboration on plane engine building, and the development of Ada-class corvettes for the Ukrainian Army. Erdoğan’s announcement follows NATO Secretary Basic Mark Rutte’s fresh affirmation that guns funded during the Prioritized Ukraine Necessities Record (PURL), together with air protection interceptors, are already being dropped at and utilized by Ukrainian forces. Forward of the NATO Summit, Rutte recommended allies to extend contributions during the mechanism, stressing that endured air protection give a boost to stays important as Russia maintains missile and drone assaults on Ukrainian towns. ![Protect Ukrainian Skies](https://storage.united24media.com/thumbs/1058x596/5/7c/(x187-y452-w1110-h627)-9a7b3a98ed5c506e0b77a6663f5727c5.png)![Logo](https://united24media.com/static/build/img/logo.qJ-S0EWo.svg) ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Finance **Tags:** Finance, Joins, Mechanism, NATOs, PURL, toHelp, Türkiye, Ukraine, Weapons --- ### [Ryanair flight returns safely to Greece after engine failure, passenger injured](https://turkbusinessnews.com/2026/07/10/ryanair-flight-returns-safely-to-greece-after-engine-failure-passenger-injured/) **Published:** July 10, 2026 **Author:** spsingh **Content:** A Ryanair flight from Thessaloniki to Munich returned safely to Greece on Friday after struggling an engine failure mid-flight, with one passenger maintaining minor accidents after being struck by means of particles from the engine, Greek day by day Ekathimerini reported. The pilots detected the malfunction whilst the plane used to be flying over North Macedonia and made up our minds to go back to Thessaloniki when they had been not able to unravel the issue. A part of the broken engine indifferent all over the plane’s descent and struck a cabin window, inflicting minor accidents to 1 passenger. Government stated the incident didn’t contain any breach of the plane’s fuselage. Emergency procedures had been activated at Thessaloniki Airport “Makedonia” after the group issued a misery sign. Firefighters, ambulance crews, police and different emergency services and products had been deployed as a precaution. The plane landed safely and used to be moved to a chosen house of the airport. 4 passengers had been taken to health facility for precautionary examinations. Maximum had been handled and discharged, whilst one remained beneath scientific statement for additional analysis. Ryanair despatched a alternative plane to move lots of the passengers to Munich. The reason for the engine failure is beneath investigation by means of aviation government. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** International **Tags:** engine, failure, flight, Greece, injured, passenger, returns, Ryanair, safely --- ### [Canadas Carney calls Türkiye, Saudi Arabia maximum influential to possible Center East answers](https://turkbusinessnews.com/2026/07/10/canadas-carney-calls-turkiye-saudi-arabia-maximum-influential-to-possible-center-east-answers/) **Published:** July 10, 2026 **Author:** spsingh **Content:** Canadian Top Minister Mark Carney on Thursday pointed to Saudi Arabia, in conjunction with Türkiye, as a number of the “most influential” nations in shaping possible answers within the Center East, protecting his executive’s way of direct engagement with Riyadh over public complaint. The top minister mentioned Canada “cared deeply about the Middle East” and stressed out the will for direct discussion with regional powers slightly than complaint from a distance. “We need to engage with these countries. We need to be speaking with them. We need to work with them,” he mentioned, including that such engagement does no longer imply Ottawa consents with the whole thing the ones governments do. Requested why his executive has have shyed away from the general public complaint of Saudi Arabia that marked ties below the former management, Carney argued that quiet engagement produces higher effects than public rebuke. “I do see that lecturing countries from afar is an ineffective strategy,” he mentioned, including that “it’s satisfying, but it’s ineffective. Engagement can be effective. It doesn’t mean it’s always effective. Doesn’t mean it’s decisive, but it can be effective.” “We care deeply about human rights. We care deeply about self-determination for nations. We care deeply about the territorial integrity of nations,” he mentioned. Carney mentioned he raised exceptional problems with Turkish President Recep Tayyip Erdoğan throughout his consult with to Ankara, crediting direct discussion for a good end result that he mentioned do not need been conceivable from Ottawa. The top minister additionally pointed to Canada’s push to diversify its global partnerships, mentioning overreliance on the USA as a key driving force. “We’re over-reliant on that. That’s been demonstrated. Every Canadian has very strongly recognized that, and we’re looking to diversify,” he mentioned. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** National **Tags:** Arabia, calls, Canadas, Carney, East, influential, Middle, potential, Saudi, solutions, Türkiye --- ### [Turkish power minister meets Iraqi high minister in Baghdad](https://turkbusinessnews.com/2026/07/10/turkish-power-minister-meets-iraqi-high-minister-in-baghdad/) **Published:** July 10, 2026 **Author:** spsingh **Content:** Turkish Power and Herbal Assets Minister Alparslan Bayraktar met Iraqi Top Minister Ali al-Zaydi in Baghdad Thursday to talk about bilateral members of the family and alternatives to enlarge coordination, consistent with a commentary from the Iraqi high minister’s press place of work. All over the assembly, al-Zaydi mentioned the 2 international locations have important alternatives for cooperation and partnership throughout a couple of sectors and known as on Türkiye to extend its investments in Iraq, specifically in agriculture. He mentioned efforts are underway to ascertain a Türkiye-Iraq fund to reinforce the 2 international locations’ financial partnership and beef up and boost up Turkish investments in Iraq. Al-Zaydi additionally stressed out that Iraq is making important development underneath a big construction program, specifically within the agriculture and cattle sectors, including that the federal government has begun offering the essential infrastructure and amenities for traders. Bayraktar mentioned he was once happy to talk over with Iraq and stressed out that Türkiye attaches nice significance to its members of the family with the rustic. Highlighting President Recep Tayyip Erdoğan’s dedication to the Construction Street Venture, Bayraktar mentioned the initiative would supply an financial spice up to regional industry. He additionally mentioned Türkiye is able to spouse with Iraq underneath the Construction Street Venture within the fields of oil, herbal gasoline, electrical energy and lots of different sectors. ![author avatar](https://secure.gravatar.com/avatar/ecbc54b5d81a0f58f5b15c512b5f0ccaaf53a788f5c2467e13ec9cbcdca77593?s=300&d=mm&r=g) spsingh [See Full Bio](https://turkbusinessnews.com/author/spsingh/) [ ](https://turkbusinessnews.com/author/spsingh/) **Categories:** Business **Tags:** Baghdad, energy, Iraqi, meets, minister, prime, Turkish --- ## Pages ### [Banned](https://turkbusinessnews.com/banned/) **Published:** July 30, 2026 **Author:** spsingh **Content:** You are banned and you cannot continue to the website Protected by **[WPGuard](https://codecanyon.net/item/wp-guard-wordpress-security-firewall-antispam/23753284?ref=Antonov_WEB)** --- ### [Blocked Request](https://turkbusinessnews.com/blocked-request/) **Published:** July 30, 2026 **Author:** spsingh **Content:** Malicious request was detected Protected by **[WPGuard](https://codecanyon.net/item/wp-guard-wordpress-security-firewall-antispam/23753284?ref=Antonov_WEB)** --- ### [Proxy Detected](https://turkbusinessnews.com/proxy-detected/) **Published:** July 30, 2026 **Author:** spsingh **Content:** Access to the website via Proxy is not allowed (Disable Browser Data Compression if you have it enabled) Protected by **[WPGuard](https://codecanyon.net/item/wp-guard-wordpress-security-firewall-antispam/23753284?ref=Antonov_WEB)** --- ### [Spam IP](https://turkbusinessnews.com/spam-ip/) **Published:** July 30, 2026 **Author:** spsingh **Content:** You are in the Blacklist of Spammers and you cannot continue to the website Protected by **[WPGuard](https://codecanyon.net/item/wp-guard-wordpress-security-firewall-antispam/23753284?ref=Antonov_WEB)** --- ### [Banned Country](https://turkbusinessnews.com/banned-country/) **Published:** July 30, 2026 **Author:** spsingh **Content:** Sorry, but your country is banned and you cannot continue to the website Protected by **[WPGuard](https://codecanyon.net/item/wp-guard-wordpress-security-firewall-antispam/23753284?ref=Antonov_WEB)** --- ### [Banned Browser](https://turkbusinessnews.com/banned-browser/) **Published:** July 30, 2026 **Author:** spsingh **Content:** Access to the website through your Browser is not allowed, please use another Internet Browser Protected by **[WPGuard](https://codecanyon.net/item/wp-guard-wordpress-security-firewall-antispam/23753284?ref=Antonov_WEB)** --- ### [Banned OS](https://turkbusinessnews.com/banned-os/) **Published:** July 30, 2026 **Author:** spsingh **Content:** Access to the website through your Operating System is not allowed Protected by **[WPGuard](https://codecanyon.net/item/wp-guard-wordpress-security-firewall-antispam/23753284?ref=Antonov_WEB)** --- ### [Banned ISP](https://turkbusinessnews.com/banned-isp/) **Published:** July 30, 2026 **Author:** spsingh **Content:** Your Internet Service Provider is blacklisted and you cannot continue to the website Protected by **[WPGuard](https://codecanyon.net/item/wp-guard-wordpress-security-firewall-antispam/23753284?ref=Antonov_WEB)** --- ### [Banned Referer](https://turkbusinessnews.com/banned-referer/) **Published:** July 30, 2026 **Author:** spsingh **Content:** Your referrer url is blocked and you cannot continue to the website Protected by **[WPGuard](https://codecanyon.net/item/wp-guard-wordpress-security-firewall-antispam/23753284?ref=Antonov_WEB)** --- ### [Terms of Service](https://turkbusinessnews.com/terms-of-service/) **Published:** July 16, 2026 **Author:** Parth Pratim Roy **Content:** **Effective Date:** July 16, 2026 Welcome to **TurkBusinessNews** (“we,” “our,” “us,” or “the Website”). 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TurkBusinessNews is committed to maintaining transparency, protecting user privacy, and following responsible data handling practices consistent with internationally recognized privacy principles and digital publishing standards. This Privacy Policy is intended to help our readers understand how their information is handled while using our website. By accessing or using TurkBusinessNews, you agree to the practices described in this Privacy Policy. --- # 1. About TurkBusinessNews TurkBusinessNews is an independent online business news publication covering: - Business News - Economy - Markets - Finance - Banking - Startups - Technology - Corporate Affairs - Trade & Commerce - Entrepreneurship - Industry Developments - Innovation - Global Business Trends Our mission is to provide factual, balanced, and reliable journalism while respecting the privacy of every visitor. 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This Editorial Policy explains how we create, review, publish, update, and maintain the content available on ****. --- # Our Editorial Mission TurkBusinessNews exists to provide factual and insightful reporting on developments that shape business, finance, technology, trade, markets, entrepreneurship, and the economy. Our reporting aims to: - Deliver accurate and verified news - Provide context beyond headlines - Present balanced perspectives - Promote transparency and accountability - Help readers make informed decisions We strive to publish journalism that is useful, objective, and accessible to readers around the world. --- # Our Editorial Evolution TurkBusinessNews continues to develop as an independent digital business news platform focused on improving the quality, depth, and reliability of its reporting. As the publication has grown, we have continually strengthened our editorial standards by: - Expanding coverage of business and economic developments - Improving editorial review processes - Enhancing fact-checking procedures - Adopting modern digital publishing practices - Improving article quality and reader experience - Following recognized principles of responsible journalism Our commitment to accuracy, transparency, and editorial integrity remains central to every stage of our publishing process. --- # Editorial Independence Editorial decisions are made independently. Our journalists and editors are expected to work free from improper influence by: - Advertisers - Sponsors - Political organizations - Government agencies - Corporate interests - External partners Commercial relationships never determine editorial coverage or news selection. --- # Accuracy and Verification Accuracy is the foundation of our journalism. Before publication, editors make reasonable efforts to verify information using reliable and credible sources. Whenever possible, our reporting relies on: - Official announcements - Government publications - Regulatory filings - Corporate disclosures - Public financial reports - Industry experts - Direct statements - Primary documentation If information cannot be independently verified, that context will be clearly communicated to readers. --- # Fairness and Balance We seek to present stories fairly and objectively. Our reporting aims to: - Include relevant perspectives - Avoid unnecessary bias - Distinguish facts from opinion - Present context that helps readers understand developments Where appropriate, organizations or individuals referenced in our reporting may be given an opportunity to respond. --- # Corrections Policy Despite careful editorial review, errors may occasionally occur. If a factual error is identified, we will: - Review the information promptly - Correct verified inaccuracies - Update articles when necessary - Clarify misleading information where appropriate Readers are encouraged to report potential errors through our contact email. --- # Updates to Published Articles Business news often develops rapidly. Articles may be updated to reflect: - New official information - Corporate announcements - Regulatory decisions - Market developments - Additional verified facts - Clarifications When substantial updates are made, article content may be revised to improve accuracy and completeness. --- # Sources TurkBusinessNews values transparency in sourcing. 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Advertising does not influence editorial decisions. --- # Artificial Intelligence Editorial teams may use technology-assisted tools to improve research, formatting, grammar, or workflow efficiency. However: - Human editors remain responsible for all published content. - Editorial judgment is never delegated solely to automated systems. - Every article is reviewed before publication. --- # Ethical Standards Our editorial team follows principles that include: - Accuracy - Fairness - Transparency - Independence - Accountability - Respect for privacy - Responsible reporting - Proper attribution of sources We reject plagiarism, misinformation, fabricated content, and deceptive publishing practices. --- # Conflicts of Interest Editors, contributors, and writers are expected to avoid conflicts that could compromise editorial integrity. 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Our mission is to provide readers, business professionals, entrepreneurs, investors, policymakers, and global audiences with accurate, balanced, and trustworthy journalism that helps them stay informed in an ever-changing world. As a digital-first publication, TurkBusinessNews combines speed with editorial integrity to deliver reliable news, analysis, and market insights across industries that shape regional and international economies. ## Our Story TurkBusinessNews was created with a clear editorial vision—to provide reliable, timely, and high-quality business journalism covering Türkiye and the global marketplace. As Türkiye continues to strengthen its position as a strategic bridge between Europe, Asia, and the Middle East, our publication focuses on reporting the latest developments in business, finance, investment, technology, innovation, international trade, entrepreneurship, energy, manufacturing, and public policy. Our editorial team works to deliver factual reporting, meaningful analysis, and balanced coverage that helps readers understand market trends, economic developments, and emerging opportunities. We are committed to maintaining high editorial standards while continuously expanding our coverage to serve a growing global audience. ## What We Cover TurkBusinessNews covers a wide range of topics, including: - Business & Corporate News - Economy & Finance - Banking & Investment - Stock Markets - Technology & Artificial Intelligence - Startups & Entrepreneurship - Manufacturing & Industry - Automotive - Energy & Sustainability - International Trade - Government & Policy - Real Estate & Infrastructure - Tourism & Hospitality - SMEs & Export Markets - Global Business News - Verified Press Releases ## Our Editorial Mission We believe journalism should be accurate, transparent, independent, and reader-focused. 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