World Bulletin/News Desk
Kazakh President Nursultan Nazarbayev addressed on Friday a Turkish-Kazakh Trade and Business Forum in Istanbul.
Nazarbayev said the trade volume between Turkey and his country stood at 4 billion USD which he said "does not fit with our close relations and brotherhood."
Nazarbayev said big Turkish companies have yet to make investments in Kazakhstan, adding they the Kazakh government was ready to provide 50 percent of the capital needed launch projects in his country.
"Economy is the foundation of all relations. If there is economy, there is politics and there is cooperation," Nazarbayev said.
Turkish President Abdullah Gul and his Kazakh counterpart Nursultan Nazarbayev on Friday also attended a flag hoisting ceremony at the Turkic Council building in Istanbul.
Speaking at the meeting, Gul said Turkey, Kazakhstan, Azerbaijan and Kyrgyzstan had signed the agreement which founded the Turkic Council in 2009, adding that the council members are determined to show solidarity on the basis of respect and equality.
On Friday's ceremony, members of the Turkish Council were hoisted at the council's General Secretariat headquarters in Istanbul.
Today’s newspapers cover Turkey’s ruling AK party’s congress to elect a new party chairman, and thousands of Turks forming what is hoped to be the world’s largest portrait of Mustafa Kemal Ataturk, founder of the Republic of Turkey.
It is not yet clear who he will be meeting during his stay, but there are believed to be no plans for him to meet Turkish Foreign Minister-turned-Prime Minister Ahmet Davutoglu.
The nation recorded 162,445 medical tourists by the end of the first half of 2014.
Erdogan said he would ask incoming prime minister Ahmet Davutoglu to form a new government on Thursday and a new cabinet of ministers would be announced the following day.
At least 100 people are arriving from Iraq each day, many of them smuggled across the border by locals, sometimes paying up to $1,000 per family.
The Chinese Foreign Ministry said it is coordinating with Turkish authorities to find the workers, kidnapped by militants on Monday.
Many Yazidis fleeing from the war in Iraq are also waiting for shelter on the border with Turkey, according to some reports.
The advance of ISIL has alarmed Ankara and its Western allies, forcing them to step up intelligence sharing and tighten security cooperation.
Turkish dailies on Tuesday report on outgoing President Gul's farewell to the public and to his counterparts, and the dam river tragedy in Turkey's southeastern province of Siirt.
The firms were asked to extend their bids until the end of the year, the Defence Undersecretariat said in a statement.
Turkish Union of Bars head Metin Feyzioglu said he will attend a new legal year ceremony and speak, after President-elect Recep Tayyip Erdogan said he would not attend in case of a Feyzioglu address.
Turkish FM Ahmet Davutoglu is to become prime minister after Erdogan is sworn in as president August 28, said Deputy PM Bulent Arinc.
The mission will end in January 2015 and not be renewed after being extended once last year, according to lower house of the Dutch parliament
The authorities are now making efforts to find the missing men.
Security officials say a coal power plant was attacked by Kurdish Workers' Party (PKK) members.
Turkish dailies' front pages on Monday covered the assault of a prominent surgeon, reportedly by the former mayor of Sarikamis, in eastern Turkey, and the latest clashes between Israel and Hamas in the Gaza Strip.