World Bulletin / News Desk
The first tender for the recreational areas of a much-anticipated TL 4.5 billion project that aims to make İstanbul an International Financial Center (IFC), which was set to take place on Aug. 8, has been delayed to Aug. 31.
The reason given for the delay is that there have been changes to the tender requirements. The Emlak Konut real estate partnership is responsible for the assignment of the tender, and experts predict the tender will be contracted at a price between $800 million and $1 billion.
According to the Ministry of Environment and Urban Planning, which is overseeing the project, it will be completed in three-and-a-half years and consist of a congress center, trade centers, hotel and health center as well as a center for cultural activities. Project plans indicate revenues made from the sale of properties in the first two years will be used towards infrastructure expenses.
Biden and his wife also visited the principal Greek Orthodox cathedral and the historic Suleymaniye Mosque in Istanbul
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U.S. Vice President Joe Biden said he and Turkish President Tayyip Erdogan he had discussed a transition of power in Syria away from President Bashar al-Assad during a four-hour meeting in Istanbul
A 25-year-old Serbian basketball fan was killed in Istanbul on Friday night before a Turkish Airlines Euroleague game.
Yildiz says $2 billion in oil exported so far; expresses concern for Russian gas import decline in Turkey.
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Prime Minister Ahmet Davutoglu also highlighted the importance of U.S. and Turkey relationship, especially in the current backdrop of regional turmoil
US Vice President Joe Biden has said Turkey is the only country which is expected to grow in the next decade in Europe
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Luxembourg Foreign Minister Jean Asselborn says he supports Turkey's bid for EU accession
Turkish officials attempted to prevent the execution but failed.
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Biden meets with Turkish Prime Minister Davutoglu during his Istanbul visit.
The summit is expected to evaluate and endorse the "Joint Implementation Plan of Africa-Turkey Partnership 2015-2018," featuring key areas of cooperation.
Ministerial candidates nominated by interim premier Ahmed Tuma will be voted on in the meeting