Trade Saudi Arabia ‘close’ to US defence pact and arms deal Saudi Arabia could be close to a security pact with the United States that would enable the kingdom to buy arms, potentially including the sought-after F-35 fighter jet, and obtain some form of US defence guarantee, White House officials said this week. John Kirby, the president’s national security spokesperson, said on May 20 that the […] May 23, 2024
Opinion Economy Şimşek signals Turkey’s ‘return to rational ground’ New finance minister's in-tray will be dominated by tackling the country's domestic economic issues June 7, 2023
Banking & Finance Turkey’s state banks suspend use of Russian Mir payment system Turkey’s three state banks have suspended the use of the Russian Mir payment system, Finance Minister Nureddin Nebati told Reuters on Thursday. The suspension comes as the United States cracks down on those accused of helping Moscow skirt sanctions and as Western nations grow concerned over increased economic ties between NATO-member Turkey and Russia. Turkish […] September 30, 2022
Turkey and Armenia agree to start direct cargo trade Turkey and Armenia agreed in normalisation talks between special representatives that the neighbours would start direct air cargo trade between each other at the earliest possible date, as they work to mend ties after decades of animosity. Turkey has been working to normalise relations with Armenia in coordination with Azerbaijan since December. The neighbours held […] July 4, 2022
Biden administration supports potential F-16 jet sale to Turkey The Biden administration threw its support on Wednesday behind the potential sale of US F-16 fighter jets to Turkey, a day after Ankara lifted a veto of NATO membership for Finland and Sweden. Celeste Wallander, Assistant Secretary for Defense for International Security Affairs at Pentagon, told reporters on a call that strong Turkish defense capabilities […] June 30, 2022
Development Turkey lifts veto on Finland, Sweden joining NATO NATO ally Turkey lifted its veto over Finland and Sweden’s bid to join the Western alliance on Tuesday after the three nations agreed to protect each other’s security, ending a weeks-long drama that tested allied unity against Russia’s invasion of Ukraine. The breakthrough came after four hours of talks just before a NATO summit began […] June 29, 2022
Markets Finland and Sweden to continue NATO talks with Turkey Finland and Sweden said on Wednesday they would continue a dialogue with Turkey over their bids for NATO membership, but did not say whether there had been progress on overcoming Ankara’s objections to their joining the military alliance. The Nordic neighbours applied to join NATO last month in response to Russia’s invasion of Ukraine, but […] June 1, 2022
Sweden seeks to overcome Turkish objections to NATO bid Sweden is formally applying for NATO membership, prime minister Magdalena Andersson said on Monday. “The government has decided to inform NATO that Sweden wants to be accepted as a member of NATO,” Andersson told reporters, adding that the application could be handed in on Monday, Tuesday or Wednesday. It will be synchronised with Finland’s request […] May 16, 2022
