Turkey eyes Iran share in Iraqi markets after US sanctions hit

A shop worker arranges the cans of Iranian tomato paste at a super market in the city of Najaf, Iraq October 7, 2018. (REUTERS) November 16, 2018 With US re-imposed sanctions against Iran scaling back Iranian economic activity in the region, Turkey is looking to fill the void in commodity exports left behind [...]

By |November 16th, 2018|Iraq, Turkey|

Iran sanctions, Turkish write-down hit UniCredit profit

In this file photo dated Tuesday, Dec. 13, 2016, the entrance of the UniCredit tower at the Porta Nuova business district in Milan, Italy. (Reuters) November 10, 2018 The Italian bank UniCredit said Thursday that third-quarter profits dropped 99 percent due to one-off provisions to cover any settlement for alleged U.S. sanctions violations [...]

By |November 10th, 2018|Europe, Turkey|

Tehran courts Ankara in effort to ease US sanctions

Turkish Foreign Minister Mevlut Cavusoglu, center, poses with his counterparts Elmar Mammadyarov, left, of Azerbaijan and Javad Zarif of Iran following a news conference in Istanbul, Turkey, Oct. 30, 2018. (Reuters) By Dorian Jones October 31, 2018 Tehran is courting Ankara in a bid to ease the impact of renewed U.S. sanctions against Iran. [...]

By |October 31st, 2018|Turkey|

Ankara urges Washington for exemptions from Iran sanctions

Turkey's Foreign Minister Mevlut Cavusoglu answers a question during an interview with Reuters in Ankara, Turkey, August 24, 2015. (Reuters) October 25, 2018 Turkey has asked for exemptions from the US before reimposing sanctions on Iranian finance and energy sectors. Turkey's Foreign Minister Mevlut Cavusoglu emphasized he has conveyed his country’s demand to [...]

By |October 25th, 2018|North America, Turkey, USA|

Turkey crucial to the success of US sanctions on Iran

Turkish Foreign Minister Mevlut Cavusoglu, January 31, 2017. (AFP) By Yasar Yakis October 24, 2018 The second set of US sanctions on Iran, which will target oil and gas exports, are due to enter into force on Nov 4. Washington wants to strangle the Iranian economy by crippling its energy industries. Turkish President Recep [...]

By |October 24th, 2018|Turkey|

Iran embassy in Ankara receives ‘suicide bomb threat’

Turkish security officers stand outside the Iranian embassy in Ankara from which the ambassador was reportedly evactuated following a security threat.  (AFP) October 15, 2018 An individual who claimed to have links to the IS extremist group threatened to attack the Iranian embassy in Ankara, Tehran's envoy in Turkey said on Monday, denying [...]

By |October 15th, 2018|Turkey|

Turkey steps in as Iran cuts off water supplies to Iraq

A general view of the ancient town of Hasankeyf by the Tigris river, which will be significantly submerged by the Ilisu dam being constructed, in southeastern Turkey, April 29, 2018. (Reuters) October 12, 2018 Turkey announced on Wednesday it will increase water supplies to Iraq after Iran said it would shut off vital [...]

By |October 12th, 2018|Iraq, Turkey|

Turkey arrests 417 in money laundering probe mostly involving Iranians

Istanbul police teams were launching raids across a series of provinces, searching properties and detaining many people. (Supplied) October 2, 2018 Turkish prosecutors ordered the detention of 417 suspects in a money laundering investigation into the transfer of about 2.5 billion lira ($419 million) worth of foreign currency to bank accounts abroad, broadcaster [...]

By |October 2nd, 2018|Turkey|

How Russia, Turkey excluded Iran from Sochi deal on Syria’s Idlib

Sochi summit between Russia and Turkey on Syria’s Idlib, dealt a blow to Iran. (AFP) September 22, 2018 The outcomes of Sochi summit on September 17 between Russian President Vladimir Putin and Turkish President Recep Tayyip Erdogan, regarding Syria’s Idlib and creating a demilitarized zone instead of launching a military offensive, has taken Iran by [...]

By |September 22nd, 2018|Russia, Syria, Turkey|

Turkey, Russia, Iran to trade using local currencies: report

Iran's President Hassan Rouhani (C), flanked by Russia's President Vladimir Putin (L), and Turkey's President Recep Tayyip Erdogan, after posing for photographs in Tehran, Iran, ahead of their summit to discuss Syria, Friday, Sept. 7, 2018. (president.ir) By David O'Byrne September 12, 2018 Turkey, Russia and Iran reached an agreement to conduct bilateral trade [...]

By |September 12th, 2018|Russia, Turkey|