Latest news with #Turkiye-based
The Star
3 days ago
- Business
- The Star
Turkiye and Pakistan discuss defence industry and energy cooperation
An employee fills the tank of a motorbike at a fuel station in Islamabad on June 16, 2025. Pakistan and Turkiye are evaluating the possibility of cooperating in mining, natural gas, oil and rare elements. - AFP ANKARA: Turkiye's foreign and defence ministers discussed cooperation in defence and energy with officials in Pakistan during a visit to Islamabad on Wednesday (July 9), Ankara said. Turkiye and Pakistan have strong ties and Ankara expressed solidarity with Pakistan during the military conflict with India in May, angering India. Turkish Foreign Minister Hakan Fidan and Defence Minister Yasar Guler met Pakistan's Prime Minister Shehbaz Sharif, Pakistan Air Force chief Air Marshal Zaheer Ahmed Babar Sidhu, and others during the visit. In a statement after the talks, Turkiye's defence ministry said Guler and Sidhu discussed regional defence and security, as well as areas of cooperation in the defence industry, and added Sidhu had conveyed Pakistan's desire to improve ties in advanced training operations and aviation technologies. Guler also stressed the importance of joint projects in the defence industry, including on aviation and drones, it added. Speaking at a press conference in Islamabad, Fidan said the two countries were evaluating the possibility of cooperating in mining, natural gas, oil and rare elements, after agreeing in April to jointly carry out oil and gas exploration off Pakistan. Ankara also has cordial ties with India, but after its support for Pakistan over the conflict, small Indian grocery shops and major online fashion retailers boycotted Turkish products, while New Delhi also cancelled Turkiye-based aviation service provider Celebi's clearance over "national security" reasons. - Reuters
Shafaq News
3 days ago
- Business
- Shafaq News
US sanctions 22 entities in 3 countries over IRGC ties
On Tuesday, the US Treasury Department imposed sanctions on 22 companies based in Hong Kong, the United Arab Emirates, and Turkiye for assisting the Iranian Revolutionary Guard Corps-Quds Force (IRGC-QF). According to the Office of Foreign Assets Control (OFAC), the IRGC-QF relies on front companies and offshore accounts to channel hundreds of millions of dollars from illicit oil sales, which are used to fund weapons programs and support affiliated groups in the region. Among the sanctioned entities is Turkiye-based Pulcular Enerji, which coordinated oil purchases with IRGC-QF operatives and Hezbollah -linked brokers. 'Payments for these deals were processed through Hong Kong-based companies, including Amito Trading and Peakway Global,' OFAC added. Other firms, such as JTU Energy and Shelf Trading, played roles in moving oil revenues through sanctioned Iranian exchange houses. OFAC also designated Turkiye-based Golden Globe Demir Celik for acting as a front for Iran's oil operations. Several Hong Kong-based companies, including Future Resource Trading and Mist Trading, were directly involved in the sale of Iranian oil and petrochemicals, according to US officials. Meanwhile, US Treasury Secretary Scott Bessent stated that the sanctions aim to disrupt Iran's financial networks, which support destabilizing activities across the region, and reaffirmed Washington's commitment to dismantling these systems.
Business Recorder
5 days ago
- Business
- Business Recorder
Top Turkish officials to visit Pakistan Wednesday, source says
ANKARA: Turkiye's foreign and defence ministers will visit Pakistan on Wednesday for talks with Prime Minister Shehbaz Sharif to discuss bilateral ties, regional issues, and defence industry cooperation, a Turkish diplomatic source said on Tuesday. Turkiye has strong ties with Pakistan and expressed solidarity with it during its military conflict with India in May, angering India. During the visit, Foreign Minister Hakan Fidan will express Turkiye's desire to deepen ties in every field and offer Ankara's support in taking steps toward regional peace, the source said. PM Shehbaz discusses trade, regional peace with Presidents of Turkiye, Iran, Uzbekistan Fidan will stress the countries 'need to strengthen their cooperation in the defence industry,' the source said. Ankara also has cordial ties with India, but after its support for Pakistan, small Indian grocery shops and major online fashion retailers boycotted Turkish products, while New Delhi also cancelled Turkiye-based aviation service provider Celebi clearance over 'national security' reasons.
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Business Standard
6 days ago
- Business
- Business Standard
Delhi HC rejects Çelebi's plea against revoked security clearance
The Delhi High Court on Monday rejected a petition filed by Turkish ground handling company Çelebi Airport Services India against the Centre's decision to revoke its security clearance, reported Bar and Bench. Justice Sachin Datta, who reserved the verdict on May 23, refused to stay the Centre's actions. Çelebi, part of Turkiye-based Çelebi group, provides ground handling and cargo terminal services at nine airports in India. It has been active in the country's aviation sector for over 15 years and employs more than 10,000 personnel, reported news agency PTI. The Bureau of Civil Aviation Security (BCAS) revoked the company's security clearance on May 15. The decision came shortly after diplomatic tensions escalated, following Turkey's criticism of India's retaliatory actions targeting terror camps in Pakistan and Pakistan-occupied Jammu and Kashmir. During court proceedings, the Centre defended the revocation, citing a significant risk to aviation security. 'Unprecedented' threats had prompted the decision, the government's counsel submitted. Çelebi's counsel, senior advocate Mukul Rohatgi, argued that the action was taken without adhering to due process. They said the Director General of BCAS should have issued a notice and allowed the company to be heard before taking such a step. The move, they said, was in violation of the principles of natural justice and the procedure outlined in the Aircraft Security Rules. "The notice has to say what is the proposed punishment based on the gravamen of facts. It is not a Carte Blanche. Record reasons in writing, not in your mind," he said, as quoted by Bar and Bench. The Centre, however, maintained that the clearance was withdrawn based on inputs suggesting that continued operations by the company posed a risk in the prevailing circumstances.
The Hindu
6 days ago
- Politics
- The Hindu
Delhi HC rejects Turkish firm's plea against revocation of security clearance
The Delhi High Court on Monday (July 7, 2025) rejected a plea by Turkiye-based Celebi, an operator at multiple airports across India, challenging the revocation of its security clearance. The Bureau of Civil Aviation Safety (BCAS) on May 15 revoked the security clearance of the firms just days after Turkiye backed Pakistan and condemned India's strikes on terror camps in the neighbouring country. Celebi had contended the Centre's move was against the principles of natural justice and in violation of the procedure under the Aircraft Security Rules. Solicitor General Tushar Mehta, representing the Centre, had defended the decision to revoke the security clearance of Turkiye-based firms without warning as it was 'dealing with a sui generis situation where there is a potential threat to the country's civil aviation security at various airports...'. Mr Mehta had stated that the firms were involved in ground and cargo handling, with access to aircraft and cargo screening at several airports, including those handling VIP movements — prompting authorities to exercise their 'plenary powers' under the relevant law to take action. Celebi had contended that is has been operating in India for the last 17 years. It said no opportunity was given to the firms before the security clearances were revoked.
