Mehmet

Despite all global financial problems, the Turkish economy is forecast to grow by 4.5 percent in 2023, Treasury and Finance Minister Mehmet Şimşek has said, vowing to continue to take measures for monetary tightening.

Qatar Postal Service (Qatar Post) has acquired a 40 percent stake in the Turkish e-commerce platform Turkish Souq.

The deal came after President Recep Erdoğan's visit to Qatar last month, part of his three-nation Gulf tour, which also included Saudi Arabia and the United Arab Emirates.

Türkiye will continue to accumulate foreign exchange reserves as long as market conditions allow, Treasury and Finance Minister Mehmet Şimşek has said.

The minister noted that the gross reserves climbed to $115 billion in the week ending Aug. 4 from $98.5 billion as of the end of May, citing the data from the country's Central Bank.

Investments from the Gulf countries as part of the agreements signed last month may begin this year, Treasury and Finance Minister Mehmet Şimşek has said.

Treasury and Finance Minister Mehmet Şimşek has met with a group of international investors at a forum.

Şimşek attended the closed-door Türkiye Economic Forum organized by JP Morgan in Istanbul and made a presentation on the Turkish economy.

President Recep Tayyip Erdoğan will preside over the Supreme Military Council meeting next week at the Presidential Complex, where key appointments and promotions within the Turkish Armed Forces will be deliberated.

The number of expatriates entering Türkiye via its northwestern border gates has reached 1.3 million in the past month, accompanied by 323,600 vehicles, according to data released by the Trade Ministry.

Türkiye is committed to combating global money laundering and terrorist financing, Treasury and Finance Minister Mehmet Şimşek said, adding that the country should be removed from the Financial Action Task Force's (FATF) gray list.

Türkiye's Central Bank has increased its policy rate - one-week repo rate - from 15 percent to 17,5 percent.

The rate hike was widely expected after Mehmet Şimşek once again took the helm at the economy management and Hafize Gaye Erkan was appointed as the new Central Bank Governor.

Türkiye and the United Arab Emirates have signed deals worth $50.7 billion as President Recep Tayyip Erdoğan rounded off a three-country tour of the Gulf.