The 2nd Istanbul World Islamic Economy Summit was held at the Istanbul Financial Center, bringing together leaders and experts from across the Islamic world.
President Recep Tayyip Erdoğan opened the 2nd Istanbul World Islamic Economy Summit, expressing his pleasure in hosting participants at the crossroads of three continents.
He highlighted Türkiye’s steady economic progress under its two-year reform program, noting that annual inflation has fallen for 11 consecutive months, reaching a 40-month low in April, with the goal of bringing it permanently to single digits. Erdoğan also credited the recent drop in global oil prices for helping reduce inflation and the current account deficit.
The president pointed to other positive signs, including central bank reserves surpassing 153 billion dollars and unemployment falling to 7.9 percent in March, the lowest since 2005.
Addressing the broader Islamic economy, Erdoğan noted that although Muslims represent 25 percent of the world’s population, the 57 member states of the Organization of Islamic Cooperation account for only 11 percent of global trade. With the Islamic finance sector valued at around 2.5 trillion dollars, he urged Muslim countries to deepen trade, investment, and financial cooperation to strengthen their global economic position.
China has announced plans to complete the world's first AI-driven geological map of Mars by the end of 2028, a project that aims to reconstruct...
Iranian President Masoud Pezeshkian has accused the U.S. and Israel of seeking to foment internal divisions in Iran after failing to defeat the cou...
A child was killed and five other people injured in Russian air strikes on Kyiv and the surrounding region early on Wednesday, Ukrainian officials ...
A Russian guided aerial bomb has struck an apartment building in Kharkiv, injuring 22 people, including children, according to the city’s mayor. The strike follows a day of near-continuous Russian attacks across Ukraine that killed at least five people.
Here's your AnewZ Daily Brief for 28 September 2026. These are the top stories making headlines in technology.
Saudi Foreign Minister Prince Faisal bin Farhan has arrived in Washington for talks with U.S. Secretary of State Marco Rubio on bilateral ties and key regional and international developments, Saudi state news agency SPA reported.
U.S. President Donald Trump has denied reports that he offered Iran sanctions relief and access to frozen funds in exchange for nuclear concessions.
The European Union's decision to simultaneously advance accession talks with Ukraine, Moldova, Montenegro and Albania marks its most ambitious enlargement effort in more than two decades.
Kazakhstan and Germany have agreed to expand cooperation in critical minerals, industry, energy and transport, with Astana seeking a greater German role in developing supply chains and higher-value production.
Russian state nuclear corporation Rosatom has proposed building a new 1,000-megawatt nuclear power unit in Armenia as Yerevan weighs competing international offers, its head Alexey Likhachev said on Tuesday.
Freight on the Baku–Tbilisi–Kars railway could soon move faster across borders after Georgia, Azerbaijan and Türkiye signed a new customs protocol aimed at cutting delays and streamlining transit.
Afghanistan and Belarus have agreed to expand health cooperation, with a focus on medicines, medical equipment and training healthcare workers, following talks between the two countries’ health ministers in Minsk on Tuesday (29 September).
Saudi Arabia is facing a widening security challenge from Yemen as Houthi forces consolidate recent territorial gains along the Red Sea coast and step up attacks on the kingdom.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment