Qatar pledges $15 billion of investment in Turkey

Qatar pledges $15 billion of investment in Turkey

Qatar, backed by Erdogan during the Saudi-led embargoes on the emirate in 2017, on Wednesday pledged to channel $15 billion direct investment into Turkey, a sign of burgeoning ties between the two countries.

Doha has pledged to offer loans worth 15 billion USA dollars to help Ankara ride out its lira crisis.

Emir Sheikh Tamim bin Hamad Al-Thani of gas-rich Qatar, one of Turkey's very closest allies, on Wednesday held talks with Erdogan which also included Albayrak.

The US doubled tariffs last week over Turkey's refusal to free a US pastor who is imprisoned there.

Explaining the new tariffs, Turkish Vice-President Fuat Oktay said the rises were ordered "within the framework of reciprocity in retaliation for the conscious attacks on our economy by the United States administration".

The White House has said that Turkey's tariff hikes on United States products in retaliation for sanctions against Ankara were "regrettable" and again called for the immediate release of American pastor Andrew Brunson.

The US and Turkey are also embroiled in a bitter row over the role of Turkish bank Halkbank in skirting sanctions against Iran.

The U.S. dollar has risen against major currencies for several months, with the dollar index.DXY up almost 8 percent over the last four months.

Turkey's Vice President Fuat Oktay wrote on Twitter that the doubling of tariffs was done "under the principle of reciprocity", in response to America's "conscious attacks on our economy".

Taliban’s political stature rises with talks in Uzbekistan
Martin O'Donnell, a spokesman for USA forces in Afghanistan, said American forces and US attack helicopters flew in overnight. Associated Press writers Kathy Gannon in Islamabad, Mohammad Anwar Danishyar in Kabul , Afghanistan, and Edith M.

The rebound in the Turkish currency to stronger than 6.0 against the US dollar was driven by a banking watchdog's step to limit swap transactions and by hopes of improved relations with the European Union. "Theirs are out of retaliation", White House press secretary Sarah Sanders said.

Moves by the central bank to ensure Turkish banks have liquidity and a planned conference call by Turkish Finance Minister Berat Albayrak, who is Erdogan´s son-in-law on Thursday have gone some way to giving reassurance to investors.

Three big companies operating in Dogubank, a trade center specialized in the sales of electronic products in central Istanbul, suspended 50 million USA dollars' worth of iPhone orders, the Turkish daily said.

He's lived in Turkey for more than 20 years and is accused by the Turkish government of terrorism and spying.

The Turkish president said: "If they have the iPhone, there is Samsung elsewhere".

In another high-profile case, a Turkish court ruled on August 15 to release from jail Taner Kilic, the local chair of Amnesty International, a researcher from the rights group said.

Turkish President Tayyip Erdogan announced yesterday that the country would boycott all electronics from the United States amid tension and rising conflict between the two countries and its leaders.

Though Erdogan may not intend to institute a firm ban on American-made electronics, he did note that there's plenty of alternatives for those who are willing to stop using the devices.

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