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In typical fashion, US President Donald Trump made a hasty and surprising decision this month by imposing sanctions on two Turkish ministers.

The move – based on Trumps belief that the two ministers were responsible for the detention of US pastor Andrew Brunson, who faces terrorism-related charges in Turkey – has caused the Turkish lira to fall sharply against the dollar.

In a bid to contain the crisis, Ankara dispatched a delegation headed by the deputy Turkish foreign minister to Washington, but negotiations were fruitless. Making matters worse, Trump vowed to double steel and aluminum tariffs on Turkey, pushing the lira down even further. Since last week, the lira has lost a quarter of its value.

Global repercussions

Turkey has close financial ties with the European Union and is considered to be a rising economic power. Exacerbation of its economic crisis will not only affect Turkey, but also reverberate globally; effects are already visible on European stock markets and the value of the euro.

It is not yet clear whether statements in support of Turkey by European leaders such as German Chancellor Angela Merkel, along with measures undertaken by Turkeys central bank, will stop the liras hemorrhage. What is certain is that the Turkish economic crisis is multifaceted, and on the US side, a resolution is not likely anytime soon.

As Washington has rarely shown sufficient consideration for Turkish national interests, their bilateral alliance is far from stable

The liras value has been…

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In typical fashion, US President Donald Trump made a hasty and surprising decision this month by imp..
/ Aug 16
Author: Thu, 2018-08-16 04:46 MAKKAH: King Salman received thanks from guests at Custodian of the..
/ Aug 16

MEN

world

In typical fashion, US President Donald Trump made a hasty and surprising decision this month by imp..
/ Aug 16
Author: Thu, 2018-08-16 04:46 MAKKAH: King Salman received thanks from guests at Custodian of the..
/ Aug 16

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TIGA

Aug 16, 2018

In typical fashion, US President Donald Trump made a hasty and surprising decision this month by imposing sanctions on two Turkish ministers.

The move – based on Trumps belief that the two ministers were responsible for the detention of US pastor Andrew Brunson, who faces terrorism-related charges in Turkey – has caused the Turkish lira to fall sharply against the dollar.

In a bid to contain the crisis, Ankara dispatched a delegation headed by the deputy Turkish foreign minister to Washington, but negotiations were fruitl

6 mins 0
Aug 16, 2018

Author: Thu, 2018-08-16 04:46

MAKKAH: King Salman received thanks from guests at Custodian of the Two Holy Mosques Guests Program for welcoming and supporting pilgrims. They also thanked him for hosting them so that they can perform Hajj rituals.

The kings guests praised the services provided for them from the moment they arrived in the holy lands. This underscores the depth of the Saudi experience in dealing with crowds and successfully hosting millions of pilgrims each year.

Tatarstans Grand Mufti Sheikh Kamil I

5 mins 0
Aug 16, 2018

Author: Thu, 2018-08-16 04:38

JEDDAH: Saudi Arabias transport minister, Nabil bin Mohammed Al-Amoudi, visited the Hajj halls at King Abdulaziz International Airport in Jeddah on Wednesday to ensure that work progress, performance efficiency and the pilgrims reception process are in line with the General Authority of Civil Aviation (GACA) operational plan.

The plan aims to simplify pilgrims travel procedures and provide them with optimum services.

During his visit, the minister also checked preparations for receivin

3 mins 0

Module

In typical fashion, US President Donald Trump made a hasty and surprising decision this month by imposing sanctions on two Turkish ministers.

The move – based on Trumps belief that the two ministers were responsible for the detention of US pastor Andrew Brunson, who faces terrorism-related charges in Turkey – has caused the Turkish lira to fall sharply against the dollar.

In a bid to contain the crisis, Ankara dispatched a delegation headed by the deputy Turkish foreign minister to Washington, but negotiations were fruitless. Making matters worse, Trump vowed to double steel and aluminum tariffs on Turkey, pushing the lira down even further. Since last week, the lira has lost a quarter of its value.

Global repercussions

Turkey has close financial ties with the European Union and is considered to be a rising economic power. Exacerbation of its economic crisis will not only affect Turkey, but also reverberate globally; effects are already visible on European stock markets and the value of the euro.

It is not yet…

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In typical fashion, US President Donald Trump made a hasty and surprising decision this month by imp..

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WOMEN

world

In typical fashion, US President Donald Trump made a hasty and surprising decision this month by imp..
/ Aug 16
Author: Thu, 2018-08-16 04:46 MAKKAH: King Salman received thanks from guests at Custodian of the..
/ Aug 16

MEN

world

In typical fashion, US President Donald Trump made a hasty and surprising decision this month by imp..
/ Aug 16
Author: Thu, 2018-08-16 04:46 MAKKAH: King Salman received thanks from guests at Custodian of the..
/ Aug 16

Module

In typical fashion, US President Donald Trump made a hasty and surprising decision this month by imposing sanctions on two Turkish ministers.

The move – based on Trumps belief that the two ministers were responsible for the detention of US pastor Andrew Brunson, who faces terrorism-related charges in Turkey – has caused the Turkish lira to fall sharply against the dollar.

In a bid to contain the crisis, Ankara dispatched a delegation headed by the deputy Turkish foreign minister to Washington, but negotiations were fruitless. Making matters worse, Trump vowed to double steel and aluminum tariffs on Turkey, pushing the lira down even further. Since last week, the lira has lost a quarter of its value.

Global repercussions

Turkey has close financial ties with the European Union and is considered to be a rising economic power. Exacerbation of its economic crisis will not only affect Turkey, but also reverberate globally; effects are already visible on European stock markets and the value of the euro.

It is not yet…

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