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Turkey's Interior Minister Mustafa Ciftci prayed for Jerusalem's governorship and expressed hope it would be 'liberated' like Damascus, stating 'those lands will be ours once again.' Israel's Foreign Ministry and Defense Minister rebuked him, asserting Jerusalem is Israel's eternal capital.
Archaeologists in Iznik, Turkey, discovered the best-preserved early image of Jesus, dating to the early-to-mid-third century AD. The fresco, depicting Christ as the Good Shepherd, was found sealed in an oxygen-depleted family tomb, preserving its pigments perfectly.
A Turkish-flagged fishing vessel, Duru 67, was attacked near Russian-occupied Sevastopol in Crimea on Friday, resulting in one death and four injuries. The vessel sank after the attack. Five crew members were rescued, but one sailor died en route to Turkey. The Turkish Coast Guard did not specify responsibility.
This commentary argues that Russia's geopolitical decline has weakened the partnership between Turkish President Erdogan and Russian President Putin, allowing Turkey to pursue its own interests more freely. The author contends that Ukraine benefits from this shift, as Turkey's increased independence alters regional dynamics.
This commentary argues that Turkish President Erdogan is consolidating one-man rule by using the judiciary to crack down on the opposition CHP party, particularly after its electoral successes. It contends that the removal of CHP leader Özgür Özel and the arrest of Istanbul mayor Ekrem İmamoğlu demonstrate Erdogan's fear of losing power, but suggests these risky moves could backfire.
Turkish President Erdogan announced the merger of Ziraat Katilim, Vakif Katilim, and Halk Katilim to boost participation banking. A fourth bank, Emlak Katilim, will launch an IPO.
Algebris Investments is buying credit default swaps on Turkish bonds, anticipating a higher probability of a credit event. The firm's Gabriele Foà cited Turkey's worsening current account deficit, rising energy prices, and low foreign reserves as factors increasing fragility.