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☆ Turkey’s main opposition party wins major cities in elections blow to Erdogan
▼ + stars: | 2024-04-01 | by ( Scott Mclean | Mohammed Tawfeeq | ) edition.cnn.com time to read: +3 min

Istanbul CNN —Turkey’s local elections on Sunday marked a major defeat for President Recep Tayyip Erdogan and his ruling Justice and Development (AK) Party, as the main opposition party claimed victory in key cities including Istanbul and Ankara. After his presidential victory, Erdogan had his sights on reclaiming cities lost to the opposition in 2019. Preliminary official results showed the opposition Republican People’s Party (CHP) had won 49 out of 81 municipalities including 14 out of 30 urban areas in the country, Turkey’s High Electoral Council said. The AK Party lost 10 Istanbul districts to rivals in the latest election. “Unfortunately, we could not get the result we wanted and hoped for in the local election test,” Erdogan said in a speech delivered Monday at AK Party headquarters in Ankara.

Persons: Recep Tayyip Erdogan, Erdogan, Kemal Kilicdaroglu, Ekrem, Mansur Yavas, Tugay, ” Imamoglu, ”, Beyoglu, ” Erdogan Organizations: Istanbul CNN —, Development, Party, Republican People’s Party, Electoral, CHP, TRT, Nationwide, “, Erdogan, Welfare Party, AK Party –, AK Party Locations: Istanbul, Ankara, Turkey, Izmir, “ Istanbul, Sunday’s

☆ Erdogan intent on taking back Istanbul after presidential victory
▼ + stars: | 2023-05-31 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +6 min

CNN —Turkish President Recep Tayyip Erdogan has stretched his rule into a third decade after Sunday’s presidential election victory. Are you ready to win both Uskudar (a large district in Istanbul) and Istanbul in the local elections in 2024? Then let’s not stop.”By winning back Istanbul, Erdogan means having it governed by a mayor from his Justice and Development (AK) Party. Before beginning his term as prime minister in 2003, Erdogan was himself mayor of Istanbul between 1994 and 1998. The opposition beat Erdogan by nearly three points in both Istanbul and Ankara in Sunday’s presidential runoff.

Persons: Recep Tayyip Erdogan, Erdogan, ” Erdogan, Ekrem Imamoglu, Imamoglu, Kemal Kilicdaroglu, Berk, “ Imamoglu, ” Esen, you’ve, you’re, ” Imamoglu, ”, MetroPoll, Erdogan “, Soner Cagaptay, ” Cagaptay, Canan Kaftancioglu, Esen, “, Turkey ’ Organizations: CNN, Uskudar, ”, Istanbul, Development, Party, Welfare Party, AK Party –, Republican People’s Party, Sabanci University, “, Analysts, Electoral, Rights Watch, Washington Institute for Near East, Foreign Affairs, Union of Chambers, Commodity Exchanges, Erdogan’s Locations: Istanbul, Ottoman Empire, Turkish, Ankara, Sunday’s, CHP’s Istanbul, Izmir, Erdogan’s Istanbul, Turkey

☆ Egypt: How the Arab world's most populous country became addicted to debt
▼ + stars: | 2022-12-16 | by ( Cnn Staff | ) edition.cnn.com time to read: +12 min

The loan, along with billions of dollars in cash inflows from Abu Dhabi and Riyadh, are Band-Aids, experts say, designed to keep the Arab world’s most populous country afloat. Without proper reforms, however, Egypt may never be able to shake off its chronic financial woes and break its growing debt addiction. Billions of dollars from Abu Dhabi and Riyadh have poured into the Egyptian economy in recent years. Saudi Arabia’s Public Investment Fund (PIF) also launched the Saudi Egyptian Investment Company (SEIC) in August, a company dedicated to investments in several vital sectors of the Egyptian economy. Still, the Egyptian economy has struggled to shake off its economic woes.

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