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Jan 23, 2014

Turkey’s eurobond a boon amid political and market turmoil

ISTANBUL, Jan 23 (Reuters) – Turkey received a vote of
confidence in its underlying economic health on Thursday, with
foreign investors lapping up a $2.5 billion eurobond issue even
as a corruption scandal swirled and the central bank intervened
to prop up the lira.

The graft investigation, one of the biggest threats to Prime
Minister Tayyip Erdogan’s 11-year rule, has shaken Turkey in
recent weeks, helping send the lira into a tailspin and
heightening uncertainty ahead of elections this year.

Jan 22, 2014

Turkish judicial purge brings corruption investigation to halt

ISTANBUL, Jan 22 (Reuters) – Turkey’s purge of the judiciary
and police has brought a corruption investigation shaking the
government to a grinding halt and could undermine confidence in
state institutions, senior legal figures and the opposition said
on Wednesday.

Ninety-six judges and prosecutors were reassigned overnight,
the biggest purge of the judiciary since a graft scandal erupted
on Dec. 17 with the arrest of businessmen close to Prime
Minister Tayyip Erdogan and three ministers’ sons.

Jan 14, 2014
via FaithWorld

Erdogan may prevail against Turkish preacher G├╝len, but at high political cost

Photo

(An ad with Turkish Prime Minister Tayyip Erdogan inside a metro train in Istanbul January 13, 2014. The slogan reads as “strong willpower”. REUTERS/Murad Sezer)

Prime Minister Tayyip Erdogan looks to have the upper hand in a civil war rocking Turkey’s political establishment, but his bid to break the influence of a potent Islamic cleric could roll back reforms and undermine hard-won business confidence.

Jan 13, 2014

Erdogan may prevail at high cost in Turkey’s political civil war

ISTANBUL (Reuters) – Prime Minister Tayyip Erdogan looks to have the upper hand in a civil war rocking Turkey’s political establishment, but his bid to break the influence of a potent Islamic cleric could roll back reforms and undermine hard-won business confidence.

What erupted a month ago as a damaging inquiry into alleged government corruption has spiralled into a battle over the judiciary with potentially much further-reaching consequences for the country’s international image and Erdogan’s own future.

Jan 13, 2014

Analysis: Erdogan may prevail at high cost in Turkey’s political civil war

ISTANBUL (Reuters) – Prime Minister Tayyip Erdogan looks to have the upper hand in a civil war rocking Turkey’s political establishment, but his bid to break the influence of a potent Islamic cleric could roll back reforms and undermine hard-won business confidence.

What erupted a month ago as a damaging inquiry into alleged government corruption has spiraled into a battle over the judiciary with potentially much further-reaching consequences for the country’s international image and Erdogan’s own future.

Jan 8, 2014

Insight: ‘Earth is gold’ – graft probe turns eyes to Turkey building boom

ISTANBUL (Reuters) – Look closely on a clear day, and the silhouette of Istanbul’s historic peninsula, its minarets puncturing the sky, has changed for the first time in centuries.

Three luxury towers, their top-floor apartments selling for upwards of a million dollars apiece, loom on the horizon, graceless symbols of Turkey’s rapid modernization during a decade of Prime Minister Tayyip Erdogan’s rule.

Jan 8, 2014

“Earth is gold”: graft probe turns eyes to Turkey building boom

ISTANBUL, Jan 8 (Reuters) – Look closely on a clear day, and
the silhouette of Istanbul’s historic peninsula, its minarets
puncturing the sky, has changed for the first time in centuries.

Three luxury towers, their top-floor apartments selling for
upwards of a million dollars apiece, loom on the horizon,
graceless symbols of Turkey’s rapid modernisation during a
decade of Prime Minister Tayyip Erdogan’s rule.

Jan 3, 2014

Turkey’s Gul urges judiciary to stay impartial in graft investigation

ISTANBUL (Reuters) – Turkish President Abdullah Gul urged the judiciary to remain impartial as it pursues a corruption investigation shaking the government, warning on Friday of grave economic consequences if confidence in the country’s institutions is eroded.

In his most exhaustive comments on the graft scandal so far, Gul said the existence of a “state within the state” would not be tolerated, an apparent reference to the movement of U.S.-based Turkish cleric Fethullah Gulen, whose followers are influential in Turkey’s police and judiciary.

Nov 14, 2013

Turkish decision on China defense deal could take 6 months

ISTANBUL (Reuters) – Turkey aims to make an definitive decision in about six months on whether to co-produce an air and missile defense system with a Chinese firm that is under U.S. sanctions, a senior Turkish defense official said on Thursday.

Turkey’s NATO allies voiced concern when it said in September it had chosen China’s FD-2000 missile defense system over rival offers from Franco/Italian Eurosam SAMP/T and U.S.-listed Raytheon Co. It said China offered the most competitive terms and would allow co-production in Turkey.

Nov 8, 2013

Turk PM faces ally’s public rebuke on mixed-sex student housing

ISTANBUL/ANKARA (Reuters) – Turkish Prime Minister Tayyip Erdogan suffered a public rebuke from a senior minister and long-time ally on Friday over his criticism of mixed-sex student housing, signaling a growing rift in the ruling AK Party ahead of elections next year.

Erdogan suggested this week that regulations be drawn up to stop male and female students living together. His comments caused uproar in Turkey, where critics fear encroachment of Islamic religious influence on the affairs of a secular state.

    • About Nick

      "Based in Lagos since early 2008, responsible for coverage of Africa's most populous nation. Previously based in Senegal for four years, covering West and Central Africa, and before that in Germany and Britain."
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