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Search resuls for: "Nureddin Nebati"


9 mentions found


☆ What Turkey’s new cabinet says about where the country is headed
  + stars: | 2023-06-07 | by ( Gul Tuysuz | ) edition.cnn.com   time to read: +8 min
The cabinet appointments hint at a return to orthodox economic policy while holding course on foreign policy as the president heads into his third decade in power. Erdogan’s unorthodox economic policies over the past few years have led to a cost-of-living crisis and a plummeting Turkish lira. Shadow diplomatThe new foreign minister is a well-known figure to Turks and international players who have negotiated with Turkey of late. Hakan Fidan, who had served as head of Turkish Intelligence Agency (MIT) since 2010, has been in every room and every discussion that has been pivotal to Turkish foreign policy over the last few years. He’s been ever-present but rarely heard – a shadow diplomat in Erdogan’s foreign policy arsenal who has charted rough waters in Syria, Libya and beyond.
Persons: Recep Tayyip Erdogan, Mehmet Simsek, –, Nureddin Nebati, ” Simsek, Erdogan, Simsek, Mehmet Celik, Cevdet Yilmaz, Omer Bolat, ” Celik, Hakan Fidan, He’s, Fidan, Ibrahim Kalin, “, ” Fidan, ”, Suleyman Soylu, Istanbul Ali Yerlikaya, Hulusi Akar, Mevlut Cavusoglu, They’ve Organizations: Istanbul CNN —, Reuters, Daily, Trade, CNN, NATO, Turkish Intelligence Agency, MIT, Kurdistan Workers ’ Party, EU, Defense, Development Party, AK Party Locations: Istanbul, Turkish Republic, Turkish, “ Turkey, Daily Sabah, Turkey, Syria, Libya, Greece, West, Celik, Damascus, Ankara, Sweden, Yerlikaya
☆ Exclusive: Turkey's new cabinet almost certain to include Simsek, four sources say
  + stars: | 2023-05-31 | by ( Orhan Coskun | ) www.reuters.com   time to read: +6 min
Simsek was highly regarded by financial markets when he served as finance minister and deputy prime minister between 2009 and 2018. After chairing a final meeting of his old cabinet on Wednesday, Erdogan will announce new ministerial roles by Saturday, officials said. The new cabinet is almost certain to include his spokesman Ibrahim Kalin and intelligence chief Hakan Fidan, they added. One of the sources, a senior official with knowledge of the subject, said Erdogan and Simsek had spoken for 2-1/2 hours. The same official said former minister Cevdet Yilmaz could take up the role of Treasury and Finance Minister if Simsek were to become a vice president.
Persons: Erdogan, Tayyip Erdogan, Mehmet Simsek, Simsek, Ibrahim Kalin, Hakan Fidan, Nureddin Nebati, Guillaume Tresca, Cevdet Yilmaz, Lutfi Elvan, Sahap Kavcioglu, Timothy Ash, Ash, Amruta Khandekar, Daren Butler, Jonathan Spicer, Toby Chopra, Catherine Evans Organizations: Intelligence, Lira, FX, Reuters, Treasury, Finance, Emerging, Generali Investments, AK, Simsek, BlueBay Asset Management, Thomson Locations: ANKARA
☆ Turkey announces cheaper mortgages for mid-income Turks
  + stars: | 2023-01-04 | by ( ) www.reuters.com   time to read: +1 min
ANKARA, Jan 4 (Reuters) - Mortgages with lower rates and longer maturities will be offered to middle income Turks looking to buy new housing, Turkish Finance Minister Nureddin Nebati said on Wednesday. "We prepared 'my new home program' for middle income citizens with advantegous rates, three-year finance ministry support in payments and a household income-based payment plan," Nebati said. The loans with favourable rates will be extended to new housing, before, during or after construction, Nebati also said. Contractors that promise to build housing will also have credit guarantee fund-backed access to financing of some 25 billion Turkish lira, Nebati added. ($1 = 18.7390 liras)Reporting by Ebru Tuncay and Ezgi Erkoyun; editing by Barbara LewisOur Standards: The Thomson Reuters Trust Principles.
☆ Turkey in final stage talks for up to $10 bln funding from Qatar -sources
  + stars: | 2022-11-25 | by ( Orhan Coskun Nevzat Devranoglu | Orhan Coskun | Nevzat Devranoglu | ) www.reuters.com   time to read: +3 min
"Talks for Qatar to provide new resources to Turkey have reached the final stage. The second Turkish official said the talks for $2-3 billion funding for this year were focused on the eurobond. Turkey's Finance Ministry has borrowed $9 billion in 2022, of the $11 billion foreign borrowing foreseen for the year. The ministry foresees $10 billion foreign borrowing for 2023 but it can bring forward its debt issuances when needed for earlier financing. Turkey is also in the final stage of talks with Saudi Arabia on Riyadh placing a $5 billion deposit at the Turkish Central Bank, a Saudi finance ministry spokesman said on Tuesday.
☆ Turkey banks fuss over bond holdings that ease pre-election spending
  + stars: | 2022-10-27 | by ( Nevzat Devranoglu Ebru Tuncay | Nevzat Devranoglu | Ebru Tuncay | ) www.reuters.com   time to read: +5 min
Many rules require banks to bulk up on treasuries. Two other bankers said the executives expressed concerns over longer-term "systemic risks" due to the level of their bond holdings. Parliament, dominated by the AKP and nationalist allies, is debating next year's budget including record spending of 258.4 billion lira on social aid. VULNERABLE TO REVERSALThe series of rules increased the central bank's authority over the government debt, credit and loan markets, bankers say. Akbank's (AKBNK.IS) Q3 net profit was 17.07 billion lira versus 3.21 billion lira year ago.
☆ Turkey received $28 billion from unclear origins in the first 8 months of the year, per the FT. The country's finance minister says some of it was legitimate cash from holidaying Russians.
  + stars: | 2022-10-25 | by ( Huileng Tan | ) www.businessinsider.com   time to read: +2 min
From January to August, a record $28 billion from unclear origins trickled into Turkey, the FT said. Turkey's finance minister believes that unaccounted-for tourism revenues were a key part of such inflows. However, the inflows are all legitimate and legal, Nureddin Nebati, the Turkish finance minister said. Turkey's finance minister, however, has played down these concerns. Nebati told the FT Turkey and Russia's relationship are just "good neighbourly relations."
☆ Turkey's state banks suspend use of Russian Mir payment system -finance minister
  + stars: | 2022-09-29 | by ( Can Sezer | ) www.reuters.com   time to read: +2 min
ISTANBUL, Sept 29 (Reuters) - Turkey's three state banks have suspended the use of the Russian Mir payment system, Finance Minister Nureddin Nebati told Reuters on Thursday. Two private banks, Isbank and Denizbank, suspended their use of the Mir system last week after Washington expanded its sanctions on Russia, including targeting the entity that runs the payment system. The two other state banks, Halkbank and Vakifbank, have not commented on the issue. NATO member Ankara opposes Western sanctions on Russia and has close ties with both Moscow and Kyiv, its Black Sea neighbours. The Kremlin on Wednesday said Turkish state banks that have stopped using Russia's Mir bank cards are clearly under unprecedented U.S. pressure and the threat of secondary sanctions.
☆ Saudi crown prince meets with Turkish officials- SPA
  + stars: | 2022-09-24 | by ( ) www.reuters.com   time to read: 1 min
Register now for FREE unlimited access to Reuters.com RegisterSaudi Crown Prince Mohammed bin Salman looks on during a signing ceremony at the Maximos Mansion, in Athens, Greece, July 26, 2022. REUTERS/Louiza VradiSept 24 (Reuters) - Saudi Arabia's Crown Prince Mohammed bin Salman met with Turkey's Finance Minister Nureddin Nebati and Ibrahim Kalin, Turkish President Tayyip Erdogan's spokesman and chief foreign policy adviser, in Jeddah on Saturday, Saudi state news agency SPA reported. Turkey is hoping for a currency swap deal with Saudi Arabia, after it established one with the United Arab Emirates earlier this year. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Nayera Abdallah Editing by Peter GraffOur Standards: The Thomson Reuters Trust Principles.
☆ Two Turkish banks suspend Russian Mir payments after U.S. sanctions
  + stars: | 2022-09-19 | by ( Ebru Tuncay Jonathan Spicer | Ebru Tuncay | Jonathan Spicer | ) www.reuters.com   time to read: +3 min
REUTERS/Murad SezerISTANBUL, Sept 19 (Reuters) - Turkish lenders Isbank and Denizbank have suspended use of Russian payment system Mir, the banks said on Monday, following a U.S. crackdown on those accused of helping Moscow skirt sanctions over the war in Ukraine. The suspensions by two of the five Turkish banks that had been using Mir reflect their effort to avoid the financial cross-fire between the West and Russia, as the Turkish government takes a balanced diplomatic stance. In April, he said Russian tourists - critical to Turkey's beleaguered economy - could easily make payments since the Mir system was growing among Turkey's banks. One banker said worries that so-called secondary sanctions could target Turkish banks or firms affected markets. The expanded U.S. sanctions last week targeted the chief executive of the Bank of Russia's National Card Payment System (NSPK), which runs Mir.
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