Türkiye has secured a groundbreaking $5 billion financing deal with the Asian Infrastructure Investment Bank (AIIB), marking the beginning of a multi-year partnership to fund vital infrastructure and sustainable development projects across the country.
In a significant step towards deepening international financial cooperation, Türkiye’s Treasury and Finance Ministry has formalized a $5 billion financing deal with the Asian Infrastructure Investment Bank (AIIB) to support key public projects across the country.
The Memorandum of Understanding (MoU), signed on Monday, marks the first-ever multi-year framework between Türkiye and AIIB, setting the stage for a robust partnership through 2027.
The deal will fund crucial infrastructure projects in sectors such as energy, transportation, water management, and export financing, with an emphasis on sustainable and green development. This financing commitment underscores Türkiye’s growing prominence as a preferred partner in global development, driven by its strategic economic plans and strong ties with international development banks.
In addition to the public sector financing, AIIB plans to inject another $5 billion into Türkiye’s private sector, further diversifying funding sources for businesses and infrastructure projects. By the end of 2024, Türkiye’s active portfolio with international financial institutions is expected to reach an impressive $35 billion, a testament to the confidence global partners have in the country’s economic stability and growth potential.
This landmark agreement positions Türkiye as a key player in regional and global development efforts, unlocking new opportunities for both public and private sector growth.
Türkiye supports NATO's new 5% defence spending target and says it has already surpassed the previous 2% benchmark, according to a Turkish defense ministry source.
Turkish President Recep Tayyip Erdogan met his Romanian counterpart Nicusor Dan on the sidelines of the NATO summit in The Hague, reaffirming a commitment to deepen bilateral ties and enhance Black Sea security.
German Chancellor Friedrich Merz praised Türkiye’s diplomatic efforts to mediate between Russia and Ukraine, calling for greater international pressure to push Moscow toward peace negotiations.
NATO has confirmed that its 2026 summit will be hosted by Türkiye, with Albania set to host the following summit in 2027, according to the final declaration from the summit in The Hague.
Turkish President Recep Tayyip Erdogan met with British Prime Minister Keir Starmer on the sidelines of the NATO summit in The Hague to discuss key regional and global issues.
U.S. President Donald Trump on Wednesday urged Congress to shut down the Voice of America, accusing the taxpayer-funded broadcaster of promoting radical leftist views and calling it a "total, leftwing disaster."
Kazakhstan will create six new nature conservation institutions to preserve biodiversity, aiming to increase protected territories to 12.5% of the national area.
Russian Foreign Minister Sergei Lavrov downplayed NATO’s new 5% defence spending target, saying it won’t have a major impact on Russia’s security and accusing the alliance of exaggerating the threat his country poses.
Kyrgyz President Sadyr Zhaparov’s first visit to Malaysia in 30 years sealed a raft of deals on energy, halal industry and tourism. Both nations say the trip launches a “strategic partnership” to match their fast-growing economies.
Germany will halt funding for Mediterranean migrant rescue missions, redirecting aid to conflict-hit regions like Sudan, in a move critics warn will worsen the humanitarian crisis at sea.
Iran launched 18 ballistic missiles late Sunday targeting the U.S. military’s Al-Udeid Air Base in Qatar, the largest American installation in the Middle East.
Iranian missiles struck multiple locations across Israel and neighbouring regions early Friday morning, including a Microsoft office complex, according to emergency responders and local media reports.
A high-speed tram derailment in central Gothenburg, Sweden, has left at least eight people injured late on Thursday (19 June), after the vehicle slammed into a snack bar on Avenyn Avenue.
Wizz Air has suspended all flights to and from Tel Aviv, Israel, and its European services to Amman, Jordan, effective immediately until 15 September due to escalating situation in the Middle East. Also, the air carrier temporarily suspended its flights between Astana, Kazakhstan, and Abu Dhabi.
China has unveiled a mosquito-sized bionic drone designed for covert military operations and battlefield reconnaissance, marking a major advance in micro-robotics and stealth technology as part of the country’s growing focus on next-generation warfare capabilities.
Kazakhstan will create six new nature conservation institutions to preserve biodiversity, aiming to increase protected territories to 12.5% of the national area.
Kazakhstan’s industrial sector grew by 6.4% year-on-year in the first five months of 2025, driven by increased oil production and strong performance in manufacturing, according to Halyk Finance.
Iran’s Supreme Leader Ayatollah Ali Khamenei warned that any future U.S. attack would trigger strikes on American bases in the region, marking his first public remarks since the Iran-Israel ceasefire.
Turkmen and Russian foreign ministers met in Ashgabat on 25 June and signed a bilateral cooperation program for 2025–2026, reaffirming their commitment to strengthening political and economic ties.
Kazakhstan's e-commerce sector has soared to 3.2 trillion tenge (around 6.2 billion U.S. dollars) in 2024, marking a sevenfold increase since 2020, according to Deputy Prime Minister Serik Jumanğarin.
U.S. President Donald Trump on Wednesday urged Congress to shut down the Voice of America, accusing the taxpayer-funded broadcaster of promoting radical leftist views and calling it a "total, leftwing disaster."
Kazakhstan will create six new nature conservation institutions to preserve biodiversity, aiming to increase protected territories to 12.5% of the national area.
Russian Foreign Minister Sergei Lavrov downplayed NATO’s new 5% defence spending target, saying it won’t have a major impact on Russia’s security and accusing the alliance of exaggerating the threat his country poses.
Kyrgyz President Sadyr Zhaparov’s first visit to Malaysia in 30 years sealed a raft of deals on energy, halal industry and tourism. Both nations say the trip launches a “strategic partnership” to match their fast-growing economies.
Germany will halt funding for Mediterranean migrant rescue missions, redirecting aid to conflict-hit regions like Sudan, in a move critics warn will worsen the humanitarian crisis at sea.
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