Türkiye has secured a total of $6.4 billion from international sources to help the southeastern region recover after the deadly 2023 earthquakes, according to the Treasury and Finance Ministry.
Most recently, the World Bank approved a $500 million loan to help protect and create jobs in the 11 provinces hit hardest by the disaster, along with seven nearby areas. The deal was signed on May 23 and will support employment efforts through Türkiye’s Development and Investment Bank.
Out of the total $6.4 billion raised since February 2023, around $2.4 billion has been directed toward helping businesses and exporters.
Finance Minister Mehmet Simsek said that the government is focused on creating jobs, boosting production, and making financing more accessible. He added that the money, secured through strong partnerships with global organizations, is being used effectively to support economic growth.
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Start your day informed with AnewZ Morning Brief: here are the top news stories for the 21st of November, covering the latest developments you need to...
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Türkiye is set to host the COP31 United Nations climate summit in Antalya next year, while Australia would lead government negotiations under a compromise deal taking shape at COP30 in Brazil.
Ukraine’s President Volodymyr Zelenskyy met Türkiye’s President Recep Tayyip Erdoğan in Ankara on Wednesday, with both leaders voicing support for reviving the Istanbul peace process and strengthening cooperation on defence, diplomacy and prisoner exchanges.
Australia will not oppose a successful Turkish bid to host next year's COP31 climate summit, Prime Minister Anthony Albanese said, warning a prolonged standoff over hosting rights could undermine unity required to help the Pacific island nations.
Türkiye’s main stock market index, the BIST 100, closed Wednesday at 10,903.91 points, up 1.63% from the previous session.
Indonesian authorities evacuated more than 900 people from nearby villages and were helping 170 stranded climbers return safely after the eruption of Semeru volcano, one of the country's tallest mountains.
Iran's air force, heavily reliant on aging F-14A Tomcat jets, faces a growing technological gap as its neighbors rapidly modernize their air forces with advanced fighter jets and air defense systems.
A fresh wave of floods and landslides triggered by heavy rainfall in central Vietnam since the weekend has claimed at least eight lives, according to a government report on Wednesday. Traders have also cautioned that the extreme weather could disrupt the ongoing coffee harvest.
Germany has returned 12 royal-era cultural artefacts to Ethiopia in a ceremony in Addis Ababa, marking a formal step in ongoing cultural cooperation between the two countries.
An off-the-cuff remark by new Prime Minister Sanae Takaichi that triggered Japan's biggest bust-up in years with powerful neighbour China was not meant to signal a new hardline stance.
Brussels is set to issue a formal warning to Rome over concerns that Italy's far-reaching "golden power" rules may breach European Union law, the Financial Times said on Friday, citing two European officials.
At least three people have been killed and several injured after a magnitude 5.7 earthquake struck Bangladesh on Friday, police said.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 21st of November, covering the latest developments you need to know.
President Donald Trump has accused six Democratic lawmakers of “seditious behaviour” for telling U.S. servicemembers they may refuse illegal orders, prompting concerns from Democrats about potential incitement.
Ukrainan President Volodymyr Zelenskyy said after talks with a top U.S. Army official on Thursday he was ready for "honest" work with Washington on a plan to end the war in Ukraine, while European allies pushed back against punishing concessions to Russia.
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