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 and Finland have signed a Defence Industry Cooperation Memorandum of Understanding (MoU) aimed at deepening collaboration between the two NATO allies through joint production, technology exchange, and the development of defence capabilities.
A 5.8-magnitude earthquake struck off the coast of Marmaris in Türkiye’s southwestern Muğla province early Tuesday, causing widespread panic. According to Türkiye’s Disaster and Emergency Management Authority (AFAD), a 14-year-old girl was killed and dozens of others were injured.
A 5.8-magnitude earthquake struck off the coast of Türkiye near Mugla’s Marmaris district, causing panic and minor injuries. Officials report building cracks and dozens injured after jumping in fear.
Karol Nawrocki’s narrow win in Poland’s presidential race signals a sharp turn in tone toward both the European Union and Ukraine, raising questions over Warsaw’s future alignment in Central Europe.
In a significant development toward de-escalating the ongoing war, Russia on Monday formally presented Ukraine with a comprehensive peace proposal, outlining steps for a full ceasefire and a long-term peace agreement, according to Vladimir Medinsky, head of the Russian delegation.
Baku Energy Week 2025 has become a dynamic platform for major energy stakeholders, spotlighting strategic oil, gas, and renewable projects that reinforce Azerbaijan’s global energy role and green ambitions.
Portuguese police have reopened the search for Madeleine McCann in the Algarve, acting on a German request, as investigators continue to pursue links to suspect Christian Brueckner.
Türkiye and Finland have signed a Defence Industry Cooperation Memorandum of Understanding (MoU) aimed at deepening collaboration between the two NATO allies through joint production, technology exchange, and the development of defence capabilities.
Liberal candidate Lee Jae-myung is projected to win South Korea’s snap presidential election, according to a joint exit poll by major broadcasters, as the country turns the page on a political crisis triggered by former President Yoon Suk Yeol’s impeachment.
Prime Minister Keir Starmer has launched a major defence overhaul to prepare Britain for modern threats, but experts warn that the lack of clear funding raises doubts about its viability.
On May 28, the inauguration ceremony of Lachin International Airport was held.
Taxi drivers across France are protesting government plans to cut payments for driving patients to medical appointments. These cuts are part of a broader effort by Prime Minister François Bayrou to save €40 billion in the 2026 budget and reduce the country’s large deficit.
EU ministers have greenlit a massive €150 billion defense investment fund—dubbed the Security Action for Europe (SAFE)—as the bloc ramps up its military readiness in response to Russia’s aggression and growing uncertainty over U.S. security guarantees.
Brazil’s economy is expected to have regained momentum in the first quarter of 2025, driven by a surge in household spending and private investment, according to a Reuters poll of economists conducted from May 21–26.
As peace talks progress, voices from Yerevan, Tbilisi, and Baku reveal hopes, concerns, and expectations for a future shaped by trade, trust, and generational change in the South Caucasus.
The city of Lachin hosted a landmark cultural event on Tuesday as it officially opened its term as the Commonwealth of Independent States (CIS) Cultural Capital for 2025. The celebration drew around 100 officials and guests from six CIS member states, marking a significant step in the cultural revit
Iranian Foreign Minister Abbas Araghchi in a meeting with the Director General of the International Atomic Energy Organization (IAEA) Rafael Grossi in Cairo has categorically dismissed the UN nuclear agency’s new report on Tehran’s nuclear program.
Türkiye and Finland have signed a Defence Industry Cooperation Memorandum of Understanding (MoU) aimed at deepening collaboration between the two NATO allies through joint production, technology exchange, and the development of defence capabilities.
Chinese authorities are probing the deaths of two Japanese nationals in Dalian, reportedly linked to a business conflict with their Chinese associate.
Azerbaijan plans to save 1.5 billion cubic meters of natural gas annually by 2030, thanks to expanded renewable energy capacity, Energy Minister Parviz Shahbazov said at the Baku Energy Forum.
Baku Energy Week 2025 has become a dynamic platform for major energy stakeholders, spotlighting strategic oil, gas, and renewable projects that reinforce Azerbaijan’s global energy role and green ambitions.
Portuguese police have reopened the search for Madeleine McCann in the Algarve, acting on a German request, as investigators continue to pursue links to suspect Christian Brueckner.
Türkiye and Finland have signed a Defence Industry Cooperation Memorandum of Understanding (MoU) aimed at deepening collaboration between the two NATO allies through joint production, technology exchange, and the development of defence capabilities.
Liberal candidate Lee Jae-myung is projected to win South Korea’s snap presidential election, according to a joint exit poll by major broadcasters, as the country turns the page on a political crisis triggered by former President Yoon Suk Yeol’s impeachment.
Prime Minister Keir Starmer has launched a major defence overhaul to prepare Britain for modern threats, but experts warn that the lack of clear funding raises doubts about its viability.
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