Turkey

The commander of Kurdish-led force that controls northeastern Syria has said that the call for dissolution of the PKK by the leader in Turkey of the militant Kurdistan Workers Party, (PKK), does not apply to his group. Mazloum Abdi, commander of the Syrian Democratic Forces (SDF), welcomed Abdullah Ocalan's historic call for the PKK not to continue its decades-long struggle against the Turkish State. He said that this would have positive effects in the region. Abdi, however, said that the announcement made by Ocalan on Thursday by the PKK was only applicable to them and "had nothing to do with...

Iraq's oil minister announced on Monday that it is awaiting Turkey's approval before restarting the oil flow out of the Iraqi Kurdistan Region. Hayan Abdel Ghani, a reporter, said that he hoped to have the Kurdish oil exported in two days. When asked about the timing of Iraq's return to oil exports, he replied that "this issue would be resolved in a week." Kurdistan regional government announced on Sunday that the Iraqi Kurdistan officials have agreed to resume Kurdish crude oil exports, based on volumes available. In March 2023, the pipeline was shut down by Turkey after the International Chamber...

In a statement issued on Saturday, the Iraqi oil ministry stated that all procedures were completed for the resumed exports via the Iraq-Turkey pipe. Iraq's Oil Minister said Monday that oil exports will resume from the semi-autonomous Kurdistan Region next week. This resolves a dispute of nearly two years that has disrupted oil flows, as relations between Baghdad Erbil have improved. Sources have confirmed that the Trump administration has put pressure on Iraqi officials to allow Kurdish exports of oil to resume or else face sanctions along with Iran. Later, an Iraqi official denied the pressure and threat of sanctions....

ExxonMobil and Qatar Energy on Friday started exploratory drilling for natural gas in a. possibility west of Cyprus, Cyprus President Nikos Christodoulides. stated on X. The east Mediterranean has actually yielded some major gas. discoveries in the last few years, and an interruption in energy products. from Russia after its 2022 intrusion of Ukraine has actually honed. Europe's attention on protecting alternative sources of supply. Cyprus progresses expedition activities, aiming to be an. alternative and trustworthy source of natural gas for the EU,. Christodoulides wrote in his post. He stated drilling at the prospect, called Electra, got. underway on Friday...

Turkey imposed a 6% tax walking on fuel on Tuesday, after its finance minister stated over the weekend that tax moves on fuel and tobacco would not impact the government's inflation goal. The unique intake tax per litre for fuel has actually been increased by around 6%, according to a presidential decree in the Official Gazette, which releases brand-new legislation and main announcements. The special consumption tax on fuel is changed every six months based on the manufacturer price index. With the 5-month cumulative PPI because the last boost standing at 7.12%, the most current tax walking is listed below...

Turkey can step in to deal with disagreements in between Sudan and the United Arab Emirates, President Tayyip Erdogan informed the head of Sudan's sovereign council Abdel Fattah alBurhan in a telephone call on Friday, the Turkish presidency stated. The Sudanese army has consistently implicated the UAE of providing weapons and support to the paramilitary Quick Support Forces (RSF) in Sudan's war. The Gulf state denies this. U.N. sanctions displays have referred to as reputable accusations that the UAE had given military aid to the RSF. Erdogan went over Turkish-Sudanese relations along with regional and worldwide matters with Burhan in...

The United States on Wednesday enforced curbs on numerous targets in fresh action against Russia, taking aim at sanctions circumvention in a. signal that the U.S. is dedicated to countering evasion. The action, taken by the U.S. Treasury and State. departments, enforced sanctions on nearly 400 entities and. people from over a lots various nations, according to. statements from the Treasury and State departments. The action was the most collective push so far versus. 3rd nation evasion, a State Department official told Reuters. It included sanctions on lots of Chinese, Hong Kong and Indian. companies, the most from those nations...

Egyptian President Abdel Fattah alSisi will hold talks with President Tayyip Erdogan in Turkey on Wednesday in the first presidential level visit in 12 years amid a warming of longfrozen relations in between the local powers. The visit comes after Erdogan took a trip to Cairo in February, his first trip to Egypt considering that 2012, taking a significant step towards rebuilding ties that were badly strained for a. years. Turkey-Egypt relations will be evaluated in all their. aspects and possible joint steps in the coming duration to further. develop cooperation will be discussed, the Turkish presidency's. communications workplace stated...

Turkey and Azerbaijan have actually agreed to extend their natural gas supply agreement, due to end at the end of this year, till 2030, and to provide Turkmen gas to Turkey, Turkish Energy Minister Alparslan Bayraktar said on Tuesday. The extended Azerbaijan-Turkey gas deal covers the delivery of 3.5 billion cubic metres (bcm) of natural gas per year to Turkey until 2030, a SOCAR official told in Baku. In addition to the accord in between Turkey's state gas grid operator BOTAS and the Azeri gas supply business, 4 contracts were signed between BOTAS and Azerbaijan's state oil company SOCAR for...

Turkey remains in talks with US energy huge ExxonMobil over a multibilliondollar offer to buy liquefied gas, in an effort to curb its reliance on Russian energy, the Financial Times reported on Sunday. The country is seeking to develop a new supply portfolio that will make it less dependent on any single partner, Turkey's. Energy Minister Alparslan Bayraktar informed the feet in an interview. Turkey would protect as much as 2.5 million tonnes of LNG a year. through a long-lasting deal under conversation with Exxon, Bayraktar. told FT. The pact could last for a years, he added. Bayraktar stated the...

4 expatriate workers were killed in a drone attack targeting the Khor Mor gas field in Iraq's Kurdistan region on Friday, a consultant to the Iraqi Kurdish prime minister told . Production has likewise been suspended, the advisor to the Iraqi Kurdish prime minister and a senior Kurdish politician stated. The 4 migrant workers killed in the attack were from Yemen, a declaration from the Kurdish regional government said. Iraqi President Abdul Latif Rashid, in a Saturday post on X, condemned the attack that led to numerous deaths and injuries, and has actually affected the regional electricity supply network. The...

A year after the closure of the IraqTurkey oil pipeline, the conduit that once managed about 0.5% of global oil supply is still stuck in limbo as legal and monetary obstacles impede the resumption of flows, 3 sources informed . As soon as streamed through, about 450,000 barrels per day of crude Iraq's northern oil export path through Turkey, and its closure has led to the loss of approximately $11 billion to $12 billion for Iraq, the Association of the Petroleum Market of Kurdistan (APIKUR). price quotes. A restart is not being discussed at the moment, among the. sources with...

Volodymyr Zelenskiy, the president of Ukraine, was quoted as saying that a U.S. proposal on a crucial minerals deal was unfair because it didn't include security guarantees. He also said he didn't want Ukraine to be a hub for raw material. Kyiv sent Washington last week a revised version of an agreement that could allow U.S. investors to access its vast reserves of vital minerals in order to win U.S. backing, amid concerns from Kyiv about an earlier U.S. draft. "I said, 'this document was not ready. We will not sign it. Zelenskiy told Turkish media that you continue to...

Gold is being flown into the United States by global bullion banks from Asian trading hubs, such as Dubai and Hong Kong. They are doing this to take advantage of the high premium on U.S. futures gold prices over the spot price. Gold is traditionally transported eastward by bullion banks from the West in order to satisfy the demand of China and India. These two countries are the largest consumers worldwide, representing almost half the global consumption. In recent months, the fear of U.S. tariffs on imports by President Donald Trump drove Comex futures prices above spot prices. This created...

Shares in Turkish building and cement business surged on Monday, buoyed by expectations that they will gain from rebuilding in Syria after rebels overthrew President Bashar alAssad. Turkey will work for the Syrian migrants it hosts to return home securely and the restoration of Syria after Assad's. ouster, Foreign Minister Hakan Fidan stated on Monday. With the fall of the Assad program, the restoration of. Syria is moving on, stated Yakup Toktamis from brokerage. Trive Yatirim. Yusuf Dogan, head of Global Markets Research at Info. Yatirim, said there would be considerable opportunities for. Turkish business in the building and construction,...

Turkish light middleweight fighter Tugrulhan Erdemir has been banned for 2 years by the Court of Arbitration for Sport (CAS) for breaching antidoping rules, the International Screening Agency (ITA) stated on Friday. CAS had verified in July Erdemir's provisionary suspension, which had ruled him out of the 71kg event at the Paris Olympics and a 2nd hearing occurred in October when the court found he had broken anti-doping guidelines. Erdemir returned an Irregular Finding (ATF) for the forbidden substance hydrochlorothiazide, the ITA said in a statement. Hydrochlorothiazide is forbidden under the 2024 WADA Prohibited list as a diuretic and masking...

The Japanese steel market is feeling a sense of crisis as the country's steel imports for the AprilSeptember duration reached a 10year high, with supply from China hitting a record high, an executive of Nippon Steel stated on Friday. We notified the government that we are carefully keeping an eye on general steel imports and have a sense of crisis concerning the present trend, Takashi Hirose, Nippon Steel's executive vice president, informed press reporters following the month-to-month meeting between the market ministry and steel market representatives. Japan, the world's third-largest steel producer, saw steel imports increase to 2.8 million metric...

Turkey imposed antidumping responsibilities on some steel imports from China, Russia, India and Japan, an Authorities Gazette statement stated on Friday, with the highest tariffs on Chinese imports, improving stocks of flat steel manufacturers. The duties impact some 4 million tons of item imports with a value of some $2-2.2 billion, Turkish Steel Manufacturers Association (TCUD) Secretary General Veysel Yayan told Reuters. The responsibilities vary from 6.10% to 43.31% of expense, insurance coverage and freight prices in a relocation targeted at avoiding unfair competition after appeals by domestic manufacturers, the announcement stated. Ankara's choice comes amid rising trade stress in...

Turkey has actually enforced antidumping responsibilities on some steel imports from China, Russia, India and Japan, according to a decision released in the Official Gazette on Friday, with the greatest tariffs on Chinese imports. The responsibilities imposed will vary between 6.10% to 43.31% of cost, insurance coverage and freight (CIF) costs, the choice stated, in a relocation focused on preventing unfair competitors after appeals from domestic producers last year. An investigation into hot rolled steel imports following the regional manufacturers' appeal revealed that the alleged disposing of steel from China, Russia, India and Japan threatened to damage domestic production, the...

Turkish steelmaker Tosyali Holding plans to invest $1.52.0 billion a year in a worldwide expansion drive including Africa and Saudi Arabia, as well as potential acquisitions and collaborations in Europe and the Americas, its chairman informed . One of Turkey's top steel makers with anticipated turnover of $ 10 billion this year, Tosyali plans to raise its liquid steel production capacity to 20 million metric lots from an existing 14 million within 5 years, Fuat Tosyali said in an interview. Tosyali Holding, which has been investing comparable sums in current years, has production centers in Algeria and Spain as well...

Following are the top stories on the business pages of British newspapers. has not validated these stories and does not vouch for their accuracy. The Times - A 10 billion pounds ($ 12.70 billion) payment plan for infected blood victims need to be enacted urgently amid fears that lots more will pass away if it is delayed, campaigners have stated on the eve of a long-awaited day of fact. - Small businesses and charities have actually raised concerns about a Czech billionaire Daniel Kretinsky's attempted takeover of Royal Mail, as the government prepares to evaluate the national security implications. The...

The following quotes, mergers, acquisitions and disposals were reported by 1930 GMT on Friday: ** Sapiens International, an Israel-headquartered insurance coverage software firm with a market price of almost $2. billion, is exploring choices that consist of a potential sale,. according to people familiar with the matter. ** A consortium consisting of monetary corporation. Macquarie is buying a part of Digi Interaction NV's. fiber networks in Spain for up to 750 million euros. ($ 809.63 million), the Bucharest-based operator said. ** Allianz agreed to offer Firefighter's Fund, its. U.S. insurance coverage system for mid-sized corporations and home entertainment. industry customers,...