World Bulletin / News Desk
Turkish Economy Minister Zafer Caglayan said on Thursday that Energy Allied International company had plans of investing in Turkey.
"Energy Allied International plans to invest around 2 billion USD in Turkey," Caglayan stressed.
Minister Caglayan received Energy Allied International's CEO Mike Nassar, Wolverine Power Group Limited's CEO Dennis Werner, Wolverine Power Group Limited's President Tom Hogan and IC Limited's Financial Adviser Ibrahim Cakir in Ankara on Thursday.
"Turkey spends around 650-700 million USD in importing two products that Energy Allied International plans to produce in Turkey. Their investment would be a crucial one in preventing current account deficit," Caglayan said.
"Energy Allied International has an important project to produce chemical substances from coal," Caglayan stressed.
Answering a question, Caglayan said that Turkey's exports to Syria between January 1, 2012 and July 25, 2012 dropped 65.6 percent when compared to the same term last year.
Exports stay flat at $12.5 billion in July after trade falls amid EU-Moscow fallout and warring in neighboring Iraq.
Today's newspapers are covering new legislation to end domestic violence, an emotional on-air interview by a UN official in Gaza and the death of a prominent Turkish musician.
A 3,000-page report on Turkey’s 'parallel state' probe into alleged espionage and illegal wiretapping finds irregularities in intercepting phone conversations.
Turkish PM Erdogan said the 'cries of innocent children killed by Israel will not remain unanswered'.
Turkish Prime Minister Recep Tayyip Erdogan accuses Fethullah Gulen's Hizmet Movement of attempting to run a 'parallel state' to undermine the government.
On Tuesday, Red Crescent delivered three shipments of medical supplies to Gaza.
From Thursday Turkish nationals living abroad will be able to use ballot boxes in the countries where they live.
Turkish dailies reported Thursday on the latest developments of the operation in Istanbul and other cities against police officers and officials in the wiretapping probe, along with the latest clashes in Israel and Palestine.
Turkey's Deputy Prime Minister Bulent Arinc said Israel is committing 'atrocities' in Gaza.
Gallup World Poll says while 60% of ethnic Turks are satisfied with Erdogan's leadership, this rate hits 67% among ethnic Kurds.
'No award is more important than the lives of our Palestinian brothers,' says Turkey's Foreign Minister Ahmet Davutoglu
The arrested police officers include Yurt Atayun, former chief of Istanbul’s anti-terror police department
When they reached Gaza, the three shipments were received by the Palestinian Red Crescent
A letter released by Erdogan's office called on the U.S. group to condemn the Israeli government's policies
Prime Minister Recep Tayyip Erdogan said the bombardment of Gaza was 'killing humanity'
Neither Israeli's nor Egypt under Al-Sisi are willing to get aid to help the Palestinians in Gaza, says Erdogan.