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.
U.S. mortgage interest rates saw slight changes last week as applications for refinancing increased, even though home purchase applications dipped.
Victor Arthein, a senior figure in the Guadeloupe Communist Party, has urged the territory to pursue political and economic independence from France, citing deep-rooted structural dependence and declining sovereignty.
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.
Russia has expressed its readiness to support the signing of a peace treaty between Azerbaijan and Armenia to ensure regional stability and security.
Greek authorities have arrested a Georgian woman suspected of accidentally causing one of the wildfires devastating the island of Chios by discarding a cigarette, amid ongoing efforts to control the fires.
China has surpassed its 2030 renewable energy target six years ahead of schedule and now leads the world in clean energy investment, innovation, and deployment, transforming itself into a global powerhouse in the transition to a sustainable energy future.
U.S. mortgage interest rates saw slight changes last week as applications for refinancing increased, even though home purchase applications dipped.
Victor Arthein, a senior figure in the Guadeloupe Communist Party, has urged the territory to pursue political and economic independence from France, citing deep-rooted structural dependence and declining sovereignty.
Italian Prime Minister Giorgia Meloni says new NATO defence spending targets are achievable for Italy, thanks to their flexible structure, and insists no other budget priorities will be sacrificed.
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.
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.
Russia has expressed its readiness to support the signing of a peace treaty between Azerbaijan and Armenia to ensure regional stability and security.
Masked law enforcement officers have detained Archbishop Bagrat Galstanyan, leader of the 'Sacred Struggle' movement in Armenia. He is accused of preparing terrorist attacks and an alleged attempt to seize power, according to the Investigative Committee.
Kazakhstan’s Prime Minister Olzhas Bektenov has announced a major reform initiative aimed at strengthening national sovereignty in the country’s space sector.
An explosive device detonated on an armoured combat-engineering vehicle in Khan Younis in Gaza, killing seven Israeli soldiers and seriously wounding another soldier on Tuesday (24 June).
Iran’s parliamentary committee has approved a draft bill to suspend cooperation with the International Atomic Energy Agency (IAEA) until Tehran receives firm guarantees on the agency’s conduct.
China has surpassed its 2030 renewable energy target six years ahead of schedule and now leads the world in clean energy investment, innovation, and deployment, transforming itself into a global powerhouse in the transition to a sustainable energy future.
U.S. mortgage interest rates saw slight changes last week as applications for refinancing increased, even though home purchase applications dipped.
Victor Arthein, a senior figure in the Guadeloupe Communist Party, has urged the territory to pursue political and economic independence from France, citing deep-rooted structural dependence and declining sovereignty.
Italian Prime Minister Giorgia Meloni says new NATO defence spending targets are achievable for Italy, thanks to their flexible structure, and insists no other budget priorities will be sacrificed.
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.
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