Ali Babacan

Ali Babacan, a deputy from the ruling Justice and Development Party (AKP) and Turkey's former economy tsar, has said the fulfilment of the rule of law under any conditions is the key to maintaining democratic rule and strengthening the economy. 

The World Economic Forum (WEF) will be held in Davos from Jan. 20 to 23. There will be significant participation this year from Turkey at the Davos meetings, both from the business world and the world of politics. 

Turkey's stocks fell 4.39 percent and its debt insurance costs rose on Nov. 24 after it reportedly shot down a Russian fighter jet near the Syrian border, while other emerging assets also struggled in the face of a strong dollar and weak commodities.

Former Turkish Finance Minister Mehmet ?im?ek will be in charge of the economy in a new cabinet named by Prime Minister Ahmet Davuto?lu on Nov. 24, becoming deputy prime minister in a team which saw close allies of President Recep Tayyip Erdo?an take key ministerial posts. 

President Recep Tayyip Erdo?an has approved a cabinet list drafted by Prime Minister Ahmet Davuto?lu, one week after commissioning the premier to form a new cabinet in the wake of the Justice and Development Party's (AKP) victory in the Nov. 1 elections.

Erdo?an asked Davuto?lu, who is also the head of the AKP, to form a new government on Nov. 17.

Questions have arisen over the possible future cabinet role of former Deputy Prime Minister Ali Babacan, after he failed to attend the G-20 Summit in Antalya. 

Turkey's ruling Justice and Development Party (AKP) has put the final touches on its timeline to form a new government, as the country's top election body released the final results of the Nov. 1 snap elections, confirming the AKP had regained its parliamentary majority.

Turkey's credit outlook will hinge on the new government's ability to tackle slowing growth and high inflation as credit risks of the country still remain, ratings agency Moody's said on Nov. 4.

The Justice and Development Party (AKP) won back its single-party rule in an election on Nov. 1, ending months of uncertainty for investors and briefly sending assets sharply higher.

The Justice and Development Party (AKP) scored an unexpected success in the Nov. 1, making a strong comeback after losing nine percentage points in the June 7 general election. In what came as a surprising victory even to its own deputies, the AKP managed to mobilize voters both inside Turkey and abroad. 

In a speech to leading businesspeople in Istanbul, Prime Minister Ahmet Davuto?lu has said he wants to make Turkey's largest city into a "safe investment haven with our democracy and judicial system." in a speech to a number of leading businesspeople in a meeting ahead of the crucial Nov. 1 elections.