World Bulletin / News Desk
Turkish Economy Minister Zafer Caglayan on Monday addressed a business forum in Abu Dhabi, the capital of the United Arab Emirates, saying that the two countries should work to boost their bilateral trade volume to as high as $50 billion.
"Our combined foreign trade volumes stands at nearly $1 trillion and our bilateral trade volume is $11.8 billion, which is a sizeable figure but it is not enough. There is no reason that hinders us from increasing it to $50 billion," Caglayan told businesspeople participating in the forum.
Caglayan said Turkey was able to boost its foreign trade at a time when European countries and the United States struggled with economic and social problems, adding that his country's performance largely owed to market diversification.
Caglayan said Turkey's construction sector ranked second in the world after China, adding that it had undertaken projects of $244 billion in 2012.
"Turkey offers great investment opportunities and we want you to take advantage of them. We can also engage in cooperation in third countries by joining our entrepreneurial capabilities," Caglayan said.
As part of his contacts in Abu Dhabi, Caglayan also met separately with Economy Minister Sultan bin Saeed al-Mansuri and with Nasser Ahmed Al Sowaidi, chairman of Abu Dhabi's Department of Economic Development.
Turkish Aerospace Industries handed last four of modernized F-16 fighters to Pakistan in a ceremony in Ankara on Tuesday.
Tuesday's newspapers cover the corruption probe targeting President's Erdogan's son, PM Davutoglu’s unveiling of the new government program as well as more detentions in Turkey’s ‘wiretapping’ sweep.
Turkey's Foreign Ministry urged Israel to withdraw their decision and stick to international law.
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The Turkish Exporters' Assembly announced a 5.2 percent rise in exports for August.
Turkey’s Foreign Ministry rejected claims about the country’s general consulate staff in Mosul, who have been kept hostage by rebels in Iraq since June 11.
New Prime Minister Ahmet Davutoglu outlined the coming government’s program, highlighting the resolution of the Kurdish question.
The programme put emphasis on a strong economy, envisaging a monetary policy which stepped up the struggle against inflation but also supported growth and employment
Erdogan and Davutoglu, who was appointed prime minister last week, have both made clear that their efforts to curb Gulen's influence will continue in their new roles
Amasya MP Mehmet Naci Bostanci is elected ruling AK Party's new parliamentary group deputy chairman.
Turkey's President Erdogan made his first foreign visit to the Turkish Republic of Northern Cyprus as president on Monday.
Ali Babacan will retain overall responsibility for the economy in the new cabinet, government spokesman Bulent Arinc said
Monday's newspapers cover German weekly Der Spiegel’s claims on foreign spying on Turkey, Turkish intelligence service’s purchase of a lie detector and ongoing construction works of Turkey’s Eurasia Tunnel Project.
Turkey's president Recep Tayyip Erdogan said he will discuss the issue of spying claims on Turjey with American and German leaders at the upcoming NATO summit and U.N. general assembly.
More than 30 police officials are sought in connection with alleged illegal wiretapping in Istanbul and other cities across Turkey.
These revelations come just one week after it was revealed that Germany had also been spying on fellow NATO-member Turkey.