World Bulletin / News Desk
Moody's Investors Service on Wednesday raised Turkey's government bond ratings by one notch to Ba1 from Ba2, and maintained its positive outlook on the country.
The agency cited a significant improvement in Turkey's public finances and the resulting increased shock-absorption capacity of the government's balance sheet.
It also noted policy actions that have the potential to address external imbalances, such as the large current account deficit, which is the largest credit risk facing the country.
"Looking ahead, an upgrade to an investment-grade rating will probably be dependent on Turkey becoming more resilient to balance-of-payment shocks, given the already favourable public-finance metrics," Moody's said in a statement.
Turkey's Constitutional Court rejects an appeal by opposition parties that Prime Minister Recep Tayyip Erdogan should resign to run for president
A woman who was 9 months pregnant was one of 170 Afghan and Syrian refugees saved by the Turkey Aegean Coast Guard.
Turkish President Abdullah Gul reiterated that Turkey s making tireless efforts in order that peace can be re-established in Syria and suggested to the Syrian refugees living at camps in the country that they take advantage of the amenities and opportunities which the government provides for them in such areas as health and education.
Salih Mirzabeyoglu, otherwise known as Salih Izzet Erdis, was locked up following Turkey's 28 February 1997 coup.
High-speed rail project linking Ankara and Istanbul to be opened on Friday after latest delays blamed on May sabotage.
Turkey's Deputy PM Bulent Arinc said a ceasefire must be declared at once between Palestine and Israel and demanded an end to the Israeli blockade of Gaza.
A major operation in Istanbul and other cities sees more police officers and officials detained in a wiretapping probe.
Erdogan said all international actors should condemn such inhuman attacks of Israel on innocent children in Gaza.
Turkish dailies reported Wednesday on the operation in Istanbul and other cities against the police officers and officials in wiretapping probe and the latest clashes in Israel and Palestine.
Turkish carriers will not fly to Israel's Ben Gurion Airport in the next 24 hours.
Tuesday’s phone conversation was the second between the two officials within 24 hours and the third in five days.
Turkish Airlines has decided to suspend its Tel Aviv flights for a 24-hour period
The US again slammed Turkish Prime Minister Recep Tayyip Erdogan’s recent remarks in which he compared Israel’s military attacks on Gaza Strip to the acts of Nazi leader Adolf Hitler.
Muslims can no longer be unified under the rule of a single ruler like a caliph but could emulate political blocs like the European Union, Gormez said
Turkish president calls for urgent ceasefire as country starts three days of mourning for Gaza dead.
At least 76 officers were detained in 22 provinces around the country on suspicion of forming a criminal organisation and illegally bugging phones