Latest news with #Turkiye
Arabian Business
2 days ago
- Business
- Arabian Business
UAE's Mashreq inaugurates a representative office in Turkiye
UAE's Mashreq Bank has expanded its global footprint by opening of a representative office in Turkiye. The Dubai-headquartered company has had a long relationship with Turkish financial institutions and corporates. It is one of the largest and most active correspondent banks operating in the country and has played a vital role in channeling risk capacity and capital flows. Mashreq is also a leading Bookrunner on key bond transactions by Turkish borrowers, including capital issuances for prominent Turkish banks and facilitated access for them to global capital markets. Mashreq inaugurates Turkiye office The representative office in Turkiye marks Mashreq's operational presence in 15 countries globally. Ahmed Abdelaal, Group Chief Executive Officer at Mashreq, commented: 'Our expansion into Turkiye reflects Mashreq's ongoing commitment to building a truly global banking network that connects key economic corridors. 'Turkiye's strategic location, dynamic economy, and strong trade and investment ties with the UAE present significant opportunities for collaboration. This strategic milestone strengthens our ability to support clients in the country and the broader region with world-class financial solutions, while advancing our vision for sustainable and diversified growth.' Joel Van Dusen, Group Head of Corporate and Investment Banking at Mashreq, added: 'Establishing a representative office in Turkiye reinforces our commitment to supporting a wide spectrum of clients in one of the region's most dynamic and strategically important markets. 'This on-the-ground presence enables us to deliver more responsive, tailored solutions across trade finance, capital markets, and treasury services. Leveraging Mashreq's digital-first infrastructure and global expertise, we are well-positioned to facilitate cross-border trade, enhance capital access, and contribute meaningfully to Turkiye's financial ecosystem.' Turkiye ranks among the top three manufacturing hubs in Europe and plays a critical role in regional supply chains. Bilateral trade volumes with the UAE exceeding US$20 billion in 2024, and is expected to double to US$40 billion by 2031 following the signing of Comprehensive Economic Partnership Agreement (CEPA) between the two countries in 2023.
Arab News
3 days ago
- Politics
- Arab News
Turkiye's Erdogan calls for permanent Iran-Israel ceasefire, Gaza truce
ANKARA: Turkish President Tayyip Erdogan told leaders at a NATO summit on Wednesday that a ceasefire between Israel and Iran needed to be made permanent, his office said, and called for a ceasefire in Gaza to alleviate the humanitarian crisis member Turkiye has been fiercely critical of Israel and its assault against Palestinian Hamas militants in Gaza, which has been reduced to rubble after two years of war and had its population has also said Israel's 'state terrorism' against Iran — with which it shares a 560-kilometer border — heightened the risks of a wider conflict, and welcomed the ceasefire between the the NATO summit in The Hague, Erdogan held talks with the leaders of France, Germany and Britain on regional tensions, bilateral ties and relations with the EU, and defense industry cooperation. Erdogan met US President Donald Trump late on Tuesday.'Our President said he welcomed the ceasefire between Israel and Iran, that the de facto situation needs to turn into lasting calm as soon as possible, that the humanitarian crisis in Gaza is increasingly continuing, and that a lasting ceasefire is also needed there urgently,' Erdogan's office said after his meeting with French President Emmanuel repeated that call to German Chancellor Friedrich Merz, adding that a solution needed to be found to the humanitarian crisis in also told British Prime Minister Keir Starmer that 'these tensions must not leave the humanitarian crisis in Gaza — which has reached a disastrous level — forgotten.'Erdogan said the problems between Tehran and Washington could only be solved through diplomacy, adding that everyone must contribute to achieving lasting peace in the Middle East.'We welcome the ceasefire achieved through the efforts of US President Trump,' he told a press conference following the summit. 'We expect the parties to unconditionally abide by the call of my friend Trump.'
Arab News
4 days ago
- Politics
- Arab News
Meeting Trump, Turkiye's Erdogan hails Iran-Israel truce
THE HAGUE: Turkiye's Recep Tayyip Erdogan held talks with US President Donald Trump on the sidelines of a NATO summit late Tuesday, hailing the Iran-Israel ceasefire and urging 'close dialogue' to end the Russia-Ukraine conflict. The Turkish president 'expressed his satisfaction with the ceasefire achieved between Israel and Iran through President Trump's efforts, hoping it would be permanent, and emphasized the importance of close dialogue... in peacefully resolving the Russia-Ukraine war,' a statement from his office said.
Arab News
5 days ago
- Politics
- Arab News
Erdogan says won't let terror ‘drag Syria back to instability'
ISTANBUL: Turkiye will not allow extremists to drag Syria back into chaos and instability, President Recep Tayyip Erdogan said on Monday after a suicide attack killed 22 at a Damascus church.'We will never allow our neighbor and brother Syria... be dragged into a new environment of instability through proxy terrorist organizations,' he said, vowing to support the new government's fight against such groups.
Al Jazeera
6 days ago
- Politics
- Al Jazeera
Israel-Iran conflict: List of key events, June 22, 2025
Here's where things stand on Sunday, June 22: Fighting United States President Donald Trump told the world that strikes had been launched by his country's military against three key Iranian nuclear sites. Trump claimed in a post that the heavily fortified Fordow nuclear facility was 'gone'. The US Secretary of Defence Pete Hegseth told reporters at the Pentagon that the US strikes were an 'incredible and overwhelming success', without providing any evidence or details. US Secretary of State Marco Rubio issued a further threat against Iran, saying any retaliation would be 'the worst mistake they've ever made.' During an address to a meeting of the Organisation of Islamic Cooperation (OIC) in Istanbul, Turkiye, Iran's Foreign Minister Abbas Araghchi said the US crossed 'a very big red line' by attacking Iran's three nuclear facilities. The Atomic Energy Organization of Iran said the nuclear sites in Fordow, Natanz and Isfahan were 'attacked by enemies of [Iran] in a barbaric act that violated international law, especially the Nuclear Non-Proliferation Treaty'. Israeli Prime Minister Benjamin Netanyahu congratulated Trump on a 'bold decision' to attack Iran. Israeli emergency services say Iranian rockets and falling shrapnel hit 10 locations. The latest Iranian retaliation followed the US strikes. Israel's military said it carried out more attacks on western Iran against what it claimed are 'military targets'. The Islamic Revolutionary Guard Corps (IRGC) said Iran's most recent missile strikes targeted Israel's Ben Gurion International Airport, along with research facilities. The IRGC is now deploying one of its most advanced missiles, the Kheibar Shekan, as part of its retaliatory measures. Unveiled in 2022, the missile also known as Khorramshahr-4 is believed to have the heaviest payload of Iran's ballistic missile arsenal. Casualties and disruptions The head of Iran's Red Crescent Society, Pir Hossein Kolivand, said that there have been no fatalities in the US strikes on Iran's nuclear facilities. An adviser to Iran's Parliament Speaker Mohammad Bagher Ghalibaf said that Iran had been anticipating the US attack on Fordow. 'The site has long been evacuated and has not suffered any irreversible damage in the attack,' the adviser said. The Atomic Energy Organization of Iran has said that radiation system data and field surveys do not show signs of contamination or danger to residents near the sites of Fordow, Isfahan and Natanz. The Israel Airports Authority says it has closed its airspace until further notice 'due to recent developments', referring to the US attack on Iran. Airline carriers have continued to steer clear of significant areas of the Middle East following the US strikes, according to Flightradar24. A man convicted of spying for Israel has been executed, the Iranian judicial news outlet Mizan Online reports. At least 27 people have been wounded in Israel after Iran launched 40 missiles shortly after the US attacks. One of the targets hit was Ramat Aviv in Tel Aviv, with missiles tearing holes in the facades of apartment blocks. The semiofficial Tasnim news agency reported that Israel bombed the city of Tabriz, targeting the IRGC's Martyr Madani camp, wounding at least two. Iranian authorities said nine security personnel were killed after Israeli forces struck two military sites in the central province of Yazd, Iran's Fars News Agency reported. Gulf states, home to multiple US military bases, are on high alert after the bombardment of Iran raised the possibility of a widening war in the region. Bahrain has told 70 percent of government employees to work from home until further notice. US opposition to attacks In one of the first responses to the attack by a Democratic member of the US Congress, Sara Jacobs said: 'Trump's strikes against Iran are not only unconstitutional, but an escalation that risks bringing the US into another endless and deadly war.' House Democratic Leader Hakeem Jeffries said that Trump did not seek congressional authorisation for the strikes and will bear full responsibility for 'any adverse consequences'. Rashida Tlaib, a Palestinian-American congresswoman, said Trump's ordering of strikes on Iran without the approval of lawmakers is a 'blatant violation' of the US Constitution. Republican congressman Thomas Massie, who has been leading a legislative effort to curb Trump's ability to attack Iran without the approval of Congress, said the strikes violate the US Constitution, which gives lawmakers the authority over war decisions. US Senator Chris Murphy joined the Democratic chorus of criticism. 'I was briefed on the intelligence last week,' he said. 'Iran posed no imminent threat of attack to the United States.' Global reactions, politics and diplomacy The United Nations Security Council will hold an emergency session on Sunday following the US strikes on Iranian nuclear facilities. UN chief Antonio Guterres expressed 'grave alarm', describing the assault as a 'dangerous escalation', warning that the conflict in the Middle East could quickly get 'out of control'. The head of the International Committee of the Red Cross said international law isn't a choice but an obligation. China 'strongly condemned' the US attack, noting its nuclear facilities were under the safeguards of the UN's International Atomic Energy Agency. Dmitry Medvedev, deputy chairman of Russia's Security Council, said the 'absolute majority' of nations are against 'the actions of Israel and the United States'. Lebanon's Hezbollah, Palestinian group Hamas and Yemen's Houthis, all allies of Iran, condemned what Hezbollah called the 'barbaric and treacherous' US attack on Iran's nuclear facilities. Saudi Arabia said that it's 'following with deep concern the developments in the Islamic Republic of Iran, particularly the targeting of Iranian nuclear facilities by the United States of America.' Gulf nations Qatar, Oman and the United Arab Emirates all also expressed concern over what the attacks could portend for the region. Turkiye's Foreign Ministry warned that the US strikes have made the risk of escalation more likely. British Prime Minister Keir Starmer backed the US military action, saying the attacks 'alleviate' the 'threat' posed by Tehran's nuclear programme. The European Union's foreign policy chief, Kaja Kallas, is calling for a return to dialogue. 'Iran must not be allowed to develop a nuclear weapon,' she said, 'as it would be a threat to international security.'
