Send a Tweet
Most Popular Choices
Share on Facebook Share on Twitter 1 Share on LinkedIn Share on Reddit Tell A Friend Printer Friendly Page Save As Favorite View Favorites
General News

Qatar to invest $15 billion in Turkish financial markets as Ankara-US relations hit new low

By       Message Abdus-Sattar Ghazali       (Page 1 of 4 pages)     Permalink    (# of views)   No comments

Related Topic(s): ; ; ; ; ; ; , Add Tags
Add to My Group(s)

View Ratings | Rate It

opednews.com

Author 65550
Become a Fan
  (8 fans)
- Advertisement -

On Wednesday (August 15) Amir of Qatar, Sheikh Tamim bin Hamad Al Thani held talks in Ankara with the Turkish President Recep Tayyip Erdogan and announced a 15bn investment into the Turkish financial markets and banks.

"We stand by the brothers in Turkey that have stood with the issues of the Muslim world and with Qatar," Sheikh Tamim said in a tweet.

"As part of the important talks that I held in Ankara on Friday with His Excellency President Erdogan, we announced a $15bn deposit package and investment projects in the country, which has a strong and solid productive economy."

Turkey has said it is willing to speak with the US to resolve an ongoing dispute between the two NATO allies. Speaking to a group of foreign ambassadors in Ankara on Wednesday evening, Foreign Minister Mevlut Cavusoglu said: "Despite everything, we are ready to talk about everything to solve the existing problems as equal partners," he said. "I speak openly but only on one condition - no threatening, no dictating."

- Advertisement -

Meanwhile, in a reference to the attempted takeover two years ago, Fahrettin Altun, communications director at the Turkish presidency, tweeted that Turkey was "fending off this economic coup attempt".

In a reciprocal move to American restrictions, Turkey announced the doubling of tariffs on US goods including cars, alcohol, tobacco, rice, coal and cosmetics. This following Edogan's call for Turks to boycott US electronic items.

Turkish President Recep Tayyip Erdogan fired a new salvo in the growing war of words with the United States on Tuesday (August 14), saying Ankara will boycott all American-made electronic products.

- Advertisement -

President Erdogan said Turkey would stop procuring US-made iPhones and buy Korean Samsung or Turkish-made Vestel products instead. "If they have the iPhone, there is Samsung elsewhere. We have Vestel."

In an opinion piece published in the New York Times on August 10, President Erdogan said Turkey's partnership with US is in jeopardy, warning Ankara could start looking for new allies.

"Unless the United States starts respecting Turkey's sovereignty and proves that it understands the dangers that our nation faces, our partnership could be in jeopardy," he wrote, adding: "Before it is too late, Washington must give up the misguided notion that our relationship can be asymmetrical and come to terms with the fact that Turkey has alternatives."

Erdogan told a rally in Bayburt on Friday, Turkey had alternatives "from Iran, to Russia, to China and some European countries".

In a tweet on Friday (August 10), President Donald Trump announced the doubling of the tariffs in new punitive actions against Turkey, saying: "Our relations with Turkey are not good at this time!"

Turkish Lira

- Advertisement -

The lira has lost more than 40 percent this year. It hit a record low after Trump announced he authorized higher tariffs on imports from Turkey, imposing duties of 20 percent on aluminium and 50 percent on steel.

Erdogan says a shadowy "interest rate lobby" and Western credit ratings agencies are attempting to bring down Turkey's economy, appealed to his countrymen's patriotism.

"If there is anyone who has dollars or gold under their pillows, they should go exchange it for liras at our banks. This is a national, domestic battle," he told a rally in Bayburt.

Next Page  1  |  2  |  3  |  4

 

- Advertisement -

View Ratings | Rate It

opednews.com

Author and journalist. Author of Islamic Pakistan: Illusions & Reality; Islam in the Post-Cold War Era; Islam & Modernism; Islam & Muslims in the Post-9/11 America. Currently working as free lance journalist. Executive Editor of American (more...)
 

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon Share Author on Social Media   Go To Commenting

The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Writers Guidelines

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

U.S. Muslims condemn killings of American diplomats in Libya

Pakistan's first Prime Minister Liaquat Ali Khan was assassinated by America

Are we living in Orwell's 1984 Oceania surveillance state?

2001-2011: A decade of civil liberties' erosion in America -- Part One

2001-2011: A decade of civil liberties' erosion in America -- Part Two

85 percent Muslims voted for President Obama