The Central Banks of Türkiye and Saudi Arabia signed a memorandum of understanding to strengthen cooperation. Fatih Karahan, Governor of the Central Bank of the Republic of Türkiye, and Ayman Al-Sayari, Governor of the Saudi Central Bank, signed the memorandum of understanding in Riyadh. In March, Saudi Arabia and Türkiye signed an agreement to provide five billion dollars in investment support to the Central Bank of Türkiye through the Saudi Fund for Development to stabilise the Turkish lira exchange rate.
Türkiye in International Media
Egyptian President Abdel-Fattah El-Sisi met with his Turkish counterpart Recep Tayyip Erdoğan in Ankara on Wednesday, as the two look to repair recently strained ties and cooperate more closely on energy, defense and the war in Gaza. The two nations signed a high-level strategic cooperation agreement and Erdoğan said the leaders have a “joint will” to improve ties in a range of areas, including in energy and defense. The countries signed 17 memorandums of understanding. “We desire to improve our cooperation with Egypt on energy, namely in natural gas and nuclear power,” said Erdoğan during a televised press. ...
Egyptian President Abdel Fattah al-Sisi will hold talks with President Tayyip Erdogan in Türkiye on Wednesday in the first presidential level visit in 12 years amid a warming of long-frozen relations between the regional powers. The visit comes after Erdoğan travelled to Cairo in February, his first trip to Egypt since 2012, taking a major step toward rebuilding ties that were severely strained for a decade. "Türkiye -Egypt relations will be reviewed in all their aspects and possible joint steps in the coming period to further develop cooperation will be discussed," the Turkish presidency's communications office said...
The Turkish defense and aviation industry's export revenues grew by 9.8 percent in the first eight months of 2024 compared to the same period last year, reaching 3.7 billion U.S. dollars, according to figures released by Türkiye's Defense Industry Agency (SSB) on Monday. In August alone, the country's defense and aerospace exports reached 423 million dollars, up by 12.6 percent compared to the same month of the previous year, SSB President Haluk Gorgun announced on the social media platform X. He noted that the main goal of Türkiye's defense industry's export strategy is to achieve a sustained increase in the export of...
Türkiye and Shell Plc signed a 10-year liquefied natural gas supply deal, the latest step in Ankara’s push to become a regional hub for the fuel on Europe’s doorstep. Shell will sell Türkiye's state-owned Botas around 4 billion cubic meters of LNG per year starting in 2027, Energy Minister Alparslan Bayraktar said at a signing ceremony in Ankara. That’s equivalent to about 8% of the country’s total gas demand in 2023, data from the national energy regulator show. The contract includes an option for the gas to be delivered to European terminals outside Türkiye, Bayraktar added. T...
Türkiye aims to welcome 60 million tourists by the end of 2024 and generate $60 billion in tourism revenue, as stated by the President of Türkiye, Recep Tayyip Erdoğan, during a speech in Istanbul, according to TRT Haber. President Erdoğan shared the following details: "As of the end of July, the number of tourists visiting our country has reached 35 million. Our target of hosting 60 million tourists and achieving $60 billion in tourism revenue by the end of 2024 remains in place." He also recalled that in 2023, Türkiye hosted 56.7 million tourists, generating $56 billion in tourism revenue. In 2023, Russian nationals ranked first...
Turkish President Tayyip Erdogan discussed Gaza as well as regional and global developments in a phone call with Saudi Crown Prince Mohammed Bin Salman on Sunday, Erdoğan's office said in a post on X. "Stating that Israeli attacks and human rights violations must be stopped and a lasting ceasefire must be established, President Erdoğan underscored the importance of joint action by Islamic countries with regard to this issue," it said.
Today, Türkiye celebrates Victory Day, a symbol of the Turkish nation's struggle for independence and freedom. On August 30, 1922, the Turkish army, led by Mustafa Kemal Atatürk, emerged triumphant in the battle of Dumlupınar against the opposing forces. Since 1926, this holiday has been observed as Victory Day in Türkiye, following its inaugural celebration in 1923. August 30 is also recognised as the Armed Forces Day of the Republic of Türkiye. On this holiday, President Erdoğan and officials visit Anıtkabir and lay a wreath at the mausoleum of Türkiye's founder, Mustafa Kemal Atatürk.
According to the statement issued by the Ministry of Foreign Affairs of Türkiye, statements made by the Israeli Minister of National Security regarding the construction of a synagogue in the Al-Aqsa Mosque are a new and extremely dangerous example of Israel's efforts to change the status and identity of Jerusalem and the holy sites in Jerusalem. The Ministry's statement reads, "The statements made by the Israeli Minister of National Security, Itamar Ben-Gvir, regarding the construction of a synagogue in the Al-Aqsa Mosque, are a new and extremely dangerous example of Israel's efforts to change the status and identity of...