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Report reveals repercussions of AK Party fight against Gülen movement in Africa

A report released by the prestigious London-based think tank Chatham House has praised the efforts of the faith-based Gülen movement in Sub-Saharan Africa (SSA), saying that it has been a major driving force of Turkey’s engagement in the region; however, it has warned that the Justice and Development Party’s (AK Party) ongoing battle against the movement may hamper further Turkish presence there.

European court rules Asya-like seizure of bank unfair

In a decision that could potentially set a precedent for similar cases in Turkey, the Strasbourg-based European Court of Human Rights (ECtHR) on Tuesday ruled that the seizure of the country’s Demirbank in 2001 was unfair.

Gov’t media maintain attack on Bank Asya

Turkish daily Yeni Akit, with close links to President Recep Tayyip Erdoğan, reported on Sunday that Bank Asya extended loans to certain Turkish-owned companies abroad and failed to collect these loan debts.

‘Pak Turk Businessmen Association actively working to enhance trade with Turkey’

“Pak Turk Businessmen Association (PTBA) is actively working to enhance bilateral trade between Pakistan and Turkey from present meager US nine million dollars to US three billion dollars in next few years.” PTBA Secretary General Aslam Bhatti stated this while talking to Business Recorder.

Class-B shareholders join objection against Asya decision

The lawyer representing B-type shareholders of recently seized private lender Bank Asya has filed a case against the takeover decision, demanding an injunction along with compensation for losses at the stock market.

Bank Asya shares surge after Turkish election results

The AK Party’s failure to secure enough votes to form the government reflects on the stock market, with the politically-seized Bank Asya’s shares observing a 10.75 percent increase at opening on Monday amidst an overall drop in Borsa Istanbul.

Police raid business association in Malatya in new government-backed operation

Police teams entered and searched the premises of the Malatya Active Businessmen’s Association (MAKİAD) on Thursday in a new wave of government-led operations targeting institutions deemed to have an affiliation with the Gülen movement — a faith-based initiative inspired by Turkish Islamic scholar Fethullah Gülen.

UN 59th Session of the Commission on the Status of Women

Peace Islands Institute, the Journalists and Writers Foundation, Global Businesswomen Association and the Institute for Economics and Peace held a panel discussion titled “Economic Empowerment of Women to Achieve Sustainable Development Goals” during the UN CSW 59th Commission on the Status of Women.

Micro-Finance and Vocational Training for Empowerment of Women

Peace Islands Institute and Kimse Yok Mu held a panel discussion on “Micro-Finance and Vocational Training For Empowerment of Women” on the occasion of the 59th Session of the United Nations Commission on the Status of Women. Mehmet Kilic, Director of Peace Islands Institute’s Center for Global Affairs, served as moderator for a panel of speakers from diverse backgrounds and experience in humanitarian relief, pharmaceutical, and politics.

Turkish-Indian Chambers of Commerce and Industry (TICCI) launched to promote trade

New Delhi: In a bid to give new fillip to trade between India and Turkey, a new chamber for commerce named as the Turkish Indian-Chambers of Commerce and Industry (TICCI) was launched at a well-attended ceremony of business leaders and industrialists here on Tuesday evening. It aims to promote commercial and trade links between both the countries by creating more networking and collaboration opportunities.

Government oppression of confederation hurts Turkish exports to Africa

As a part of a prolonged campaign of intimidation against opposition figures and institutions, the government has been engaging in oppression of the TUSKON — which had had a strong presence in African countries — and contributing to the deterioration of already weakened Africa-bound Turkish exports.

Bank Asya: Battle for survival against a presidential onslaught

Not all banking collapses are alike or lead to extinction. Some are caused by systemic, catastrophic events such as the global financial crisis of 2008, while others are caused by idiosyncratic exposure to geopolitical factors. Bank Asya, Turkey’s largest private participation bank, is currently in the midst of the latter and is potentially edging toward disintegration.

TUSKON to sue dailies over disputed land reports

Leading Turkish business group, the Turkish Confederation of Businessmen and Industrialists (TUSKON) said on Thursday it will soon file lawsuits against certain government dailies which published allegations of irregularities regarding disputed land in İstanbul.

Land tender won by TUSKON reopened in defiance of court decision

The tender for a large parcel of land which was won by the Turkish Confederation of Businessmen and Industrialists (TUSKON) was reopened on Monday, despite a prior court decision barring such a move, according to a statement from the confederation on the same day.

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