Turkey’s president says country will defy economic threats

Erdogan said his country would stand against the US. (Reuters)
Updated 18 August 2018
0

Turkey’s president says country will defy economic threats

  • The lira’s value dropped 38 percent against the dollar since the beginning of the year and sunk as low as 7.24 this week
  • Turkey is reeling from a massive sell-off of its currency as Washington imposed sanctions and threatened new ones

ISTANBUL: Turkey’s president has said his country will stand strong against an “attempted economic coup” amid heightened tensions with the US.
Recep Tayyip Erdogan on Saturday told thousands of supporters in Ankara that the country was being “threatened by the economy, sanctions, foreign currency, interest rates and inflation.”
He said: “we tell them that we see their game and we challenge them.”
Turkey is reeling from a massive sell-off of its currency as Washington imposed sanctions and threatened new ones if an American pastor under house arrest isn’t released.
The lira’s value dropped 38 percent against the dollar since the beginning of the year and sunk as low as 7.24 this week.
On Friday, ratings agencies Standard & Poor and Moody’s downgraded Turkey’s credit rating further to “junk” status.


OIC chief holds talks with ministers during UN General Assembly

Updated 58 min 37 sec ago
0

OIC chief holds talks with ministers during UN General Assembly

  • Al-Othaimeen attended the reception ceremony hosted by Donald Trump on Monday
  • The Palestinian issue was also top of the topics that the chief of OIC discussed in his meeting

JEDDAH: Secretary-General of the Organization of Islamic Cooperation (OIC), Dr. Yousef bin Ahmad Al-Othaimeen, met the United Nations’ special envoy for Syria, Staffan de Mistura, on the sidelines of the UN General Assembly in New York.
They discussed the latest developments in the Syrian crisis, and Al-Othaimeen emphasized the need to reach a peaceful solution and address the humanitarian situation.
Al-Othaimeen also met Norwegian Prime Minister Erna Solberg to discuss ways to strengthen bilateral relations in all fields of cooperation, especially in fighting terrorism and extremism, in addition to discussing the Palestinian issue and supporting UNRWA, the relief agency for Palestinian refugees in the Near East.
The Palestinian issue was also top of the topics that the chief of OIC discussed in his meeting with Venezuelan Foreign Minister Jorge Arreaza, who said his country gave the Palestinian issue special attention, highlighting that there is a large Muslim community in Venezuela and that his country is keen to strengthen relations with the OIC.
Al-Othaimeen met the Iraqi minister of foreign affairs, Dr. Ibrahim Al-Jaafari. They discussed the latest developments in Iraq following the elections and the Basra events, and the importance of holding the Makkah II conference to achieve social reconciliation in Iraq. He also stressed OIC’s support for stability in Iraq.
Moreover, the chief of OIC met the president of Kosovo, Hashim Thaçi, and stressed the support of his organization for Kosovo until it wins the recognition of OIC member states as an independent state.
Al-Othaimeen attended the reception ceremony hosted by US President Donald Trump on Monday evening for the delegation heads participating in the UN General Assembly.