Turkey
From Golden Global to Bank Mellat: Turkey's Iran banking purge
Turkey has revoked the operating license of Iran's Bank Mellat, according to a notice published early Saturday in the official gazette.
Turkish President Recep Tayyip Erdogan is set to visit Baghdad on Monday, marking his first state visit to Iraq in over a decade.
Aerial photo of the city of Baghdad, Iraq © Mena Today
Turkish President Recep Tayyip Erdogan is set to visit Baghdad on Monday, marking his first state visit to Iraq in over a decade.
The visit, which comes against the backdrop of regional instability including the war in Gaza and tensions between Israel and Iran, is anticipated to focus on key issues such as water resources, oil exports, and regional security.
One of the critical topics for discussion is the management of water resources, a longstanding issue between the two nations. Iraq has voiced concerns over Turkish dams on the Tigris and Euphrates rivers, which significantly reduce the flow of water into Iraqi territory.
Another significant issue is the halt in oil exports from the Kurdistan region of Iraq, which has been non-operational for over a year due to technical problems and disputes. This cessation has resulted in substantial revenue losses for Iraq, estimated at over $14.8 billion.
Security will be a major focus, particularly concerning the ongoing conflict with the Kurdistan Workers' Party (PKK). Despite the presence of Turkish military bases in Iraqi Kurdistan for 25 years, the Iraqi Defense Minister has ruled out joint military operations against the PKK, although a joint intelligence coordination center is being considered.
The visit will also spotlight the "Development Route," an ambitious infrastructure project consisting of a 1,200 km road and railway corridor that aims to link the Gulf to Turkey through Iraq.
This project is expected to strengthen economic ties between Iraq and Turkey, with Iraq being one of the top importers of Turkish goods.
Turkey has revoked the operating license of Iran's Bank Mellat, according to a notice published early Saturday in the official gazette.
Israeli Defense Minister Israel Katz proposed Thursday that Turkey take in Hamas members from Gaza, amid growing tensions between Ankara and Jerusalem, a suggestion delivered with all the diplomatic subtlety of a passive-aggressive group chat message.
A Turkish court ordered the detention of 16 people pending trial in the western province of Izmir as part of a government campaign that has included sweeping raids on LGBTQ+ associations, a prosecutor's office said on Monday.
To make this website run properly and to improve your experience, we use cookies. For more detailed information, please check our Cookie Policy.
Necessary cookies enable core functionality. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences.