Posts Tagged ‘Turkey’

Turkey’s central bank launches “rescue measures” as the lira slides

  • 13 August 2018 - 20:18
Turkey’s central bank launches “rescue measures” as the lira slides

Turkey's central bank on Monday announced it was taking all necessary measures to ensure financial stability after the collapse of the lira, promising to provide "all the liquidity the banks need". The Turkish currency reached a new record low of 7.24 against the US dollar in Asia Pacific trade...

Turkey’s President Erdogan freezes assets of two US officials

  • 4 August 2018 - 15:08
Turkey’s President Erdogan freezes assets of two US officials

Turkey's President ordered the freezing of assets of two US officials, state media reported Saturday, days after the United States imposed sanctions on Turkey's justice and interior ministers. President Recep Tayyip Erdogan said Ankara will freeze the assets in Turkey of US "justice and...

Turkey’s lira hits a record low against US dollar amid possible American sanctions

  • 1 August 2018 - 20:54
Turkey’s lira hits a record low against US dollar amid possible American sanctions

Turkey’s lira has weakened to a new record low against the dollar after a media report indicated that the US could be laying the groundwork for possible sanctions amid a diplomatic row between the two countries. The lira extended its fall to touch a new record of 5.00 against the dollar on...

Libya wins compensation lawsuit field by Turkish company

  • 30 July 2018 - 11:34
Libya wins compensation lawsuit field by Turkish company

Libya has won an international lawsuit against a Turkish company demanding financial compensation of 80 million euros (93.3 million U.S. dollars), said Libya's Justice Ministry's lawsuit department on Sunday. Libya won a lawsuit, at the International Chamber of Commerce (ICC) in Paris, filed by...

Turkey deeply concerned over uncertainty of Libya’s oil industry

  • 1 July 2018 - 09:13
Turkey deeply concerned over uncertainty of Libya’s oil industry

Turkey voiced deep concern on Friday over the transfer of Libyan oil fields to a parallel company based in eastern Libya. In a statement, the Foreign Ministry referred to a decision by Khalifa Haftar that oil ports held by his forces would be handed over to a rival oil corporation in the...

Erdogan claims victory as President of Turkey

  • 24 June 2018 - 23:41
Erdogan claims victory as President of Turkey

President Recep Tayyip Erdogan on late Sunday declared victory in Turkey's presidential and parliamentary elections. “Our nation has given me the duty of the presidency and executive power,” Erdogan told reporters in Istanbul citing unofficial results, which would make him Turkey's first...

Turkish ENKA abducted workers released in Libya

  • 24 June 2018 - 12:25
Turkish ENKA abducted workers released in Libya

Three Turkish engineers kidnapped last year in the southern Libyan town of Ubari have been released, the U.N.-backed Libyan government said. In November, an unknown armed group kidnapped four engineers, three from Turkey and one from South Africa. The engineers were working for the Turkish...

Libya credit cards and Turkish ATMs: A story that never ends

  • 16 April 2018 - 22:05
Libya credit cards and Turkish ATMs: A story that never ends

Since the beginning of 2017, the Central Bank of Libya (CBL) has decided to sell families 400 dollars per each member at the official rates (1.4 Libyan dinars per 1 US dollar). From that day on, the story began.  The money allocated for the families has been bought by Libyan nationals and...

Turkish forces enter Syria’s Kurds hub, Afrin

  • 18 March 2018 - 09:48
Turkish forces enter Syria’s Kurds hub, Afrin

Turkish-led forces began a street-by-street fight to capture the most important Kurdish-held town in northern Syria early Sunday, CNN-Turk television said, a crucial juncture in Turkey’s two-month-old campaign to expel U.S.-backed Kurdish fighters from the border area. Propelled by powerful...

Georgian sailor, detained among crew in Libya last August, released

  • 14 March 2018 - 17:59
Georgian sailor, detained among crew in Libya last August, released

The Ministry of Foreign  Affairs of Georgia reported today  that one of three Georgian soldiers detained in Libya  in August of last year has been released and returned to his family in Georgia’s coastal Adjara region yesterday, Agenda.Ge reported. The ministry reported that the...