IslamicFinance.de

Denying any political motives, Turkey Prime Minister Ahmet Davutoglu says regulators’ action purely based on “technical, fiscal and financial” evaluation. Turkish regulators on Friday seized remaining shares in Bank Asya. Appeals process is open on Bank Asya seizure: Bank Asya went beyond “normal banking” due to ties with "parallel state,” Davutoglu says in reference to supporters of Islamic preacher Fethullah Gulen, accused of plotting to overthrow the government.

Turkish Prime Minister Ahmet Davutoglu urged the country's investors to invest in the economy of Iraq. Davutoglu made this statement at a session of the ruling Justice and Development Party. He said that Turkey must have firms and companies that operate in Iraq. Turkish investments in the territory of Kurdish autonomy of Iraq are estimated at $ 700 million. At present, around 1,500 Turkish companies, as well as the branches of such banks as Ziraat Bankasi, Vakifbank, Is Bankasi, Bank Asya and Albaraka operate in the territory of Kurdish autonomy of Iraq.