Tag Archives: turkey

Record turnout for purchase of Turkish lira in Kuwait

Luxury Turkish products now less expensive KUWAIT CITY, Aug 16: An unprecedented turnout of Kuwaitis – both individuals and traders – who thronged the exchange markets to benefit from the sharp drop in the value of Turkish lira was witnessed on Wednesday, Aug 15, reports Al-Nahar daily. The decline in …

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Kuwait denies cash buy to shore up lira

Stab in back: Erdogan KUWAIT CITY, Aug 13, (Agencies): Kuwait has rebuffed as “ungrounded” reports that it injected KD 500 million ($1.6 billion) to back the Turkish currency of lira, which has been in free-fall over deteriorating ties with the US. Denying such reports, the Kuwaiti Ministry of Finance said …

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Investors in Turkey eye return of forex markets following dramatic lira decline

Real estate experts split on the impact of the currency’s woes on sector KUWAIT CITY, Aug 12: Investors in Turkey are looking forward to the return of foreign exchange markets Monday following the dramatic decline of the Turkish lira last Friday, reports Al-Anba daily. The Kuwaiti investments in Turkey are …

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Turkey shaken by financial fears, Kuwaiti investors become jittery

Trump rattles it further with promise to double tariffs ANKARA, Aug 11, (Agencies) : Kuwaiti investors in Turkey are becoming jittery following the decline in the exchange rate of the Turkish lira which has fallen to record levels, reports Al-Rai daily. The Turkish lira fell 19 percent against the dollar …

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Erdogan vows ‘new era’ incursions – An eye still for Europe

ISTANBUL, May 6, (AFP): Turkish President Recep Tayyip Erdogan on Sunday vowed to launch further cross-border offensives against terror groups as he revealed his ruling party’s manifesto ahead of snap elections on June 24. Erdogan made a series of promises about the economy and uniting the country during a rally …

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Heavy rain causes flooding, sweeps away vehicles in Turkey

ISTANBUL (AP) — A torrential flood has swept through a district in the Turkish capital of Ankara, sending vehicles downstream and shocking residents. A Turkish official said the rain was expected to last three hours Saturday afternoon but instead came down in nine minutes, causing flooding in Ankara’s Mamak district. …

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Turks press offensive, urge US pullback

AZAZ, Syria, Jan 27, (AFP): Turkey on Saturday urged the United States to withdraw personnel from a Kurdishheld town in northern Syria after Washington told Ankara it would stop arming a Syrian Kurdish militia that Turkey is fighting. As Turkey’s offensive in Syria entered its second week with new air …

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Turkish forces repulsed, says YPG – Turkish aggression kills 8 civilians in Syria

AZAZ, Syria, Jan 21, (Agencies): Turkish ground forces advanced into northern Syria’s Afrin region on Sunday, Ankara said after launching artillery and air strikes on a US-backed Kurdish militia it aims to sweep from its border. The Syrian-Kurdish YPG militia, supported by the United States but seen as a terrorist …

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In defense of Turkey’s ME role

I have read in dismay the article entitled “Turk-led alliance needs an assertive response” by Mr Khalaf Ahmad Al Habtoor (UAE Businessman) published in your daily on 31 December 2017. The article is replete with factual errors, preposterous accusations and poisonous rhetoric about my country Turkey and our leaders. I …

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KUWAIT, TURKEY AMEND DOUBLE TAXATION ACCORD

Security among 6 agreements signed – Sides eager to enhance ties ANKARA, Sept 14, (KUNA): Upon the kind invitation of Turkey’s Prime Minister Binali Yildirim, His Highness the Prime Minister Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah visited Turkey on Sept 13, heading a high level delegation, and a joint statement was …

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