Turkey real estate – Otel Moni http://otelmoni.com/ Mon, 12 Sep 2022 07:50:57 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://otelmoni.com/wp-content/uploads/2021/05/cropped-icon-32x32.png Turkey real estate – Otel Moni http://otelmoni.com/ 32 32 7 Qatari companies among the top 100 Arab family businesses according to Forbes https://otelmoni.com/7-qatari-companies-among-the-top-100-arab-family-businesses-according-to-forbes/ Mon, 12 Sep 2022 05:37:00 +0000 https://otelmoni.com/7-qatari-companies-among-the-top-100-arab-family-businesses-according-to-forbes/

Doha: Seven Qatari private companies or holding companies jointly owned or managed by Arab families feature in Forbes’ Top 100 Arab Family Businesses in 2022, and two more Qatari companies join the list this year. Qatari family businesses include Al Faisal Holding (Rank 9), Power International Holding (Rank 13), Alfardan Group (Rank 33), Almana Group (Rank 74), Jaidah Group (Rank 93), Abu Issa Holding (Rank 96), and the Al Muftah group (rank 100).

According to Forbes Middle East, Arab family businesses in the region have “so far this year seen many of the areas in which they are most active – including retail, real estate, energy and technology. industry – welcoming a V-shaped recovery”. He added that these companies are constantly evolving. Forbes noted that while leading Arab family businesses are still investing in their traditional businesses, they are also looking to new-era industries, investing in startups and, in some cases, founding their own new ventures.

“The way Arab family businesses are run and controlled used to be extremely concentrated, but that is changing. In many of the first 100, the third generation and beyond are joining the business. Many have started to focus on succession planning and separating ownership and management. Some have even listed their flagship company or significant subsidiaries, a trend that seems to continue to grow in the future. Of the top 100 family businesses this year, 89% are diversified business conglomerates,” Forbes said.

Al Faisal Holding, which rose to rank 9 in this year’s list from rank 11 in 2021, was established as a small auto parts trading company nearly 60 years ago. Today, it has 50 companies in the fields of culture and education, hospitality, real estate, construction and project management, trade, manufacturing and financial investments. . The company has 29 hotels in Qatar, Saudi Arabia, Egypt, Algeria, Europe and the United States. In May 2022, Al Faisal Holding launched a new subsidiary offering production services, Metaserra, a joint venture with Turkey’s Doludizgin.

Power International Holding (PIH) is a newcomer to the list, but already ranks 13th among the top 100 Arab family businesses. PIH is a second-generation, family-owned conglomerate with operations in five main sectors: general contracting, industries and services, agriculture and food industries, real estate and lifestyle, including hospitality, leisure and catering. The company employs more than 65,000 people, with operations in 10 countries. Its subsidiaries include construction company UCC Holding, milk and dairy brand Baladna, property company Assets, hospitality and lifestyle entertainment company Aura Group and Estithmar Holding which is set to open Al Maha Island, home to the highly anticipated Lusail Winter Wonderland in November.

The Alfardan Group, which was first established as a jewelry company, has now grown into a leading business group in the region with a wide range of portfolios including jewelry, financial exchanges, real estate development, automotive, hospitality, marine and investment. Alfardan Real Estate also owns 6.1% of Dubai Investments, which was worth $162 million as of August 2022.

Almana Group, ranked 74th, started as a trading house in 1960 and has since grown into a diversified business operating in automotive, industrial, contracting, real estate, projects division, catering, finance, security and IT, and travel. It employs 10,000 people and has more than 30 subsidiaries and partnerships with more than 100 global brands.

The Jaidah Group, which is back in this year’s list, was established in 1898 in Qatar and now operates in real estate, energy, heavy equipment, automotive, power and industrial supplies . In 2022, Jaidah Project Division’s Switchgear factory started assembling smart panels in Qatar in collaboration with Schneider Electric. In the same year, Jaidah Prime Security Services completed the supply, testing and commissioning of IP CCTV systems and PA systems at Al Rayyan Stadium, Forbes noted.

Abu Issa Holding started as a luxury department store “Blue Salon” in 1981. Today, it is home to more than 70 businesses in 11 sectors including retail, e-commerce, hospitality, real estate , broadcasting, outsourcing and engineering services, among others. The conglomerate operates in nine countries through 47 branches, 12 warehouses and 200 retail stores. The group also employs more than 4,000 people.

Al Muftah Group, a regular on the list, was a tire dealer in the 1960s. Today the group has operations in 14 sectors, including engineering and construction, automotive and transport, real estate, wellness and fitness, education and home appliances. The group established Al Muftah Center department store in 1987 and Al Muftah Jewelery in 1984, which sells watches from well-known global brands.

Banking Risk Monthly Outlook: September 2022 https://otelmoni.com/banking-risk-monthly-outlook-september-2022/ Thu, 08 Sep 2022 21:45:00 +0000 https://otelmoni.com/banking-risk-monthly-outlook-september-2022/

Our banking risk experts provide insight into the events that will impact the emerging markets financial sector in September.

  • China’s easing of monetary policy is unlikely to lead to a quick risk in mortgage lending due to a potential loss of confidence in the property market
  • Turkish banks expected to see higher costs and lower refinancing ratios when discounting syndicated loans in the fall
  • Rise in non-performing loan (NPL) ratios in some South American economies as inflation and interest rates continue to rise
  • North African banks are expected to continue buying sovereign debt as they tapped into the domestic debt market to fill government deficits over the past year
  • Release of second quarter 2022 data to reveal the state of asset quality in Nigeria, after the expiry of the forbearance measure in March 2022

More stimulus in China likely to increase lending, but not necessarily in the real estate sector.

The fallout between landlords and property developers showed no signs of abating in August. In response, the central bank lowered its key rates in August. The People’s Bank of China (PBoC) cut the one-year Medium-Term Lending Facility (MLF) rate by 10 basis points to 2.75%, leading to a drop in the one-year lending prime rate. year and five years (LPR) of 5 bps and 15 bps respectively at 3.65% and 4.3%. Due to the medium-term nature of this latest rate, it appears to be targeting the mortgage sector. However, IHS Markit believes that since most new-build discounts are given to cash buyers, the impact of rate cuts will likely depend on the rebound in public confidence in the housing market and not necessarily lead to a higher mortgage growth. In fact, mortgage growth is still in sharp contraction and while the market may bottom in the second half of 2022, a V-shaped recovery is unlikely.

Turkish banks are expected to see higher costs and lower refinancing ratios when discounting syndicated loans in the fall.

September/October is the second most important rollover period for Turkish banks’ annual syndicated loans. Investor confidence has been shaken by Turkey’s unconventional monetary policy stance, reflected in recent sovereign debt downgrades by major rating agencies that downgraded banks’ ratings individuals in speculative territory. According to our calculations, banks have more than enough liquid foreign currency assets ($84.5 billion) to repay maturing foreign debts ($83 billion due over the next year), even in a unexpected extreme scenario where none of them are rolled over, but low refinancing ratios would limit the growth of new loans at a time when banks are pressured to lend to support economic growth.

Syndicated loans from Turkish banks

Rise in non-performing loan ratios as inflation and interest rates continue to rise in some South American countries.

Rapid levels of inflation combined with rising interest rates in the region have slowly started to push up NPL ratios across most of the region. Countries such as Bolivia, Chile, Paraguay and Uruguay saw their PNP ratio increase by 0.1 to 0.5 percentage points (representing an increase of 7% for Chile and 23% for India). Uruguay) in June 2022 compared to March 2022. Going forward, we expect this trend to continue in these sectors, with other economies likely to experience the same effects, with an average increase of 30% in their NPL ratios at the end of 2022, compared to 2023, with Bolivia and Paraguay registering the largest increases.

South American Non-Performing Loans

North African banks are expected to continue buying sovereign debt as they tapped into the domestic debt market to fill government deficits over the past year.

The budget deficit in 2022 is projected at 8.7%, 6.7% and 2.2% of GDP for Tunisia, Egypt and Algeria respectively. In 2021, local authorities aggressively tapped the domestic debt market to fill the fiscal gap, particularly after external financing conditions became tight and slowed progress in negotiations with the International Monetary Fund (IMF) due to various austerity measures required. IHS Markit expects banks to accelerate sovereign debt buying, although banks’ outstanding sovereign debt to total assets already exceeds 30% for Egypt and Algeria, increasing links between banks and sovereigns.

Release of Q2 2022 data to reveal the state of asset quality in Nigeria, following the expiration of the forbearance measure in March 2022.

Nigeria is set to release Financial Soundness Indicators for the banking sector for June 2022, which will reveal the initial impact on asset quality after forbearance measures end in late March 2022. IHS Markit experts predict continued recovery of economic growth in Nigeria for 2022 which should strengthen the debt service capacity of borrowers, due to the increase in oil prices which will support broad-based growth in the oil and non-oil sectors. Stage 2 loans are quite high, suggesting that there is still significant risk on banks’ balance sheets. IHS Markit analysts predict that the NPL ratio will begin to gradually increase to 5.6% by the end of 2022, from 5.3% in March, as some of the restructured loans materialize into NPLs.

Nigeria abstained in the second quarter

Posted on September 08, 2022 by Natasha McSwigganSenior Economist, Banking Risk, S&P Global Market Intelligence

This article was published by S&P Global Market Intelligence and not by S&P Global Ratings, which is a separately managed division of S&P Global.

Stylish specs https://otelmoni.com/stylish-specs/ Wed, 07 Sep 2022 19:41:06 +0000 https://otelmoni.com/stylish-specs/ Caddis, the Salt Lake City, Utah-based company selling “eye aids” (aka readers) is on a mission to live in the moment and mobilize against the fear of aging. To that end, the company offers high-design blue light blocking readers that not only help you see, but also look great in the process. After a trip to New Orleans with a photoshoot at Hotel Saint Vincent, founder and designer Tim Parr created a new frame style to honor Crescent City. The Nola Readers ($129) feature a custom vintage and square metal frame design for a clean, classic aesthetic. The upper frontal bar is even engraved with the coordinates of the French quarter (29° 57′ 26″ N 90° 03′ 54″ W). Custom temple tips adjust to fit a wide range of head sizes, a nod to the diversity of the city itself. Available exclusively at By George New Orleans, 1507 Magazine St., saintvincentnola.com

Turkish textiles

Emily Morrison’s Elysian, which opened on Magazine Street as a popup, has claimed the space as a permanent home for textiles and ceramics. “Everything is designed by me and made by our artisan partners in Turkey,” says Morrison. “Elysian epitomizes effortless style with vibrant colors and prints that spark inspiration and joy.” The unique silk and silk/velvet textiles that make up Elysian’s garments, slides, sneakers, totes, pillow cases and table linens are hand-woven in Uzbekistan using techniques of centuries-old weaving and dyeing. They are then adapted with a modern bohemian aesthetic in Istanbul, Turkey. Meanwhile, the ceramics are hand-painted in Kütahya, Turkey, by an artisan, and they feature a playful take on the traditional Turkish ikat pattern. 3701 Magazine Street, elysianbyem.com

New way to stay

Mint House New Orleans–Riverside is a new development housed in an iconic warehouse that exudes Big Easy vibe. Comprising a new category of hospitality (called Residential Hospitality), Mint House offers one-, two-, and three-bedroom apartment-style units that are thoughtfully designed with full kitchens, comfortable and expansive living areas, and work areas. connected – all perfect for your next stay. Amenities include options to stock your fridge before you arrive, a lululemon fitness mirror in every room, 24/7 digital concierge services, and a room service menu featuring some of the city’s best dishes. town. 315 Girod Street, minthouse.com

Historical renovation

Urban Properties, a New Orleans-based business development, property management, and brokerage firm, is overseeing the historic renovation of a Mid-City warehouse at 4201 Tulane Ave. (at the corner of Tulane Avenue and South Solomon Street). Owner/developer, KCT Real Estate, a real estate investment firm owned by Tony and Katherine Gelderman, has redeveloped other historic properties in New Orleans, including 800 Magazine St., 353 Carondelet St., and The Rink at 2727 Prytania St. The 1920s Tulane Avenue property is a two-story, 36,000 square foot building that previously housed Riecke Cabinet Works (1925-1971) and more recently Lighting Inc. (1972+). The structural rehabilitation includes a new roof, restored windows and exterior metal panels to honor the original 1920s facade and construction of the interior space. “The Preservation Resource Center of New Orleans is thrilled to receive a preservation easement on this historic warehouse, which will protect this building in perpetuity…” said Danielle Del Sol, Executive Director of the PRC.

all things green

FACT, the plant design studio you may have seen rolling around town in a mobile greenhouse (the Axil Rose), has a gorgeous new home on Magazine Street. “We have decided to explore the opportunity of opening our own dedicated storefront in December [2021]says Laura Stirling Joffrion, co-founder and entrepreneur at FAIT. “When our lovely real estate friends, Olivia Ford and Melaina Ricks of Upper Management Realty, showed us this space on Magazine, something changed. The energy in the space is calm and centered. small back yard for our baby plants as well as street parking in front for Axil Rose when we need it.In addition to transporting houseplants, FAIT also offers planters, misters, plant food, trellises, propagation containers, advisory services and more.” Our [residential and commercial] internal consultations are gaining momentum,” says Joffrion. “We measure your light and discuss options that will work in your specific environment. Then we invoice you and deliver everything. Caring for plants may not come naturally, but we’ve got you covered. We encourage each of our customers to hit us up on Instagram or email us whenever they feel their plants aren’t thriving. 3822 Magazine Street, factnola.com ]]> Adil Sami, expert investment advisor and owner of “Fortune Group Turkey”, helps others build generational wealth in modern times. https://otelmoni.com/adil-sami-expert-investment-advisor-and-owner-of-fortune-group-turkey-helps-others-build-generational-wealth-in-modern-times/ Tue, 06 Sep 2022 04:16:48 +0000 https://otelmoni.com/adil-sami-expert-investment-advisor-and-owner-of-fortune-group-turkey-helps-others-build-generational-wealth-in-modern-times/

Adil Sami, Turkish entrepreneur and founder of “FOrtune Group Turkey”. After completing Southampton’s Chartered Accountancy and Project Management Analyst program, Adil started a business and management company ten years ago. He says the learning process should not be stopped and one should keep learning and experiencing different things throughout one’s life.

Experience is the key to success and Adil states that he was able to run his businesses successfully and differently from his competitors due to the experiences and suffering he faced in the early days. With some of the most prestigious awards under his belt like “BEST INVESTMENT MANAGEMENT COMPANY 2022”, “INFLUENCER BUSINESSMAN OF THE YEAR 2022”, “BEST INTERNATIONAL REAL ESTATE ADVISOR 2021” and many more, he says that with years of hard work, it’s an honor to have these awards in my window.

Fortune Group Turkey also has one of the largest real estate property YouTube channels where they offer unique and fresh content covering all aspects of real estate investment, deal analysis, research and finance. a property, tips and advice, and more. With over 1000+ satisfied clients that his businesses manage, Adil says his vision is to provide excellent services to our clients with the utmost honesty, dignity and transparency. We guide our clients to eclipse their future regarding each type of investment.

Adil Sami: “I have found honesty to be the best technique I can use. Tell people early on what you want to accomplish and what you’re willing to sacrifice to get there. Real estate has become a popular investment cycle over the past 50 years or so. One of the main ways investors can make money in real estate is by owning a rental property. Many investors seek commercial investment opportunities in real estate for their extraordinary benefits. One can always start small in real estate investing and grow gradually without taking immense risks at the same time.

He believes in honesty and transparency in all his business dealings. This young, self-made entrepreneur believes in spreading positivity and knowledge to the world and hopes that people will learn and implement them for a positive future in investing.

Having an extensive experience of 15 years in the industry, Adil helps you plan your investment plans more strategically and gives you the opportunity to build a solid foundation for your empire. With his values ​​of honesty, strong will and determination, he continues to inspire the next generation of entrepreneurs around the world.

You can follow him on Instagram for more @adilsamiofficial

Tags: Adil Sami, Fortune Group Turkey

Turkey Homes Property of the Month: Exclusive 3-bedroom luxury villa in Karagözler – £1,500,000 https://otelmoni.com/turkey-homes-property-of-the-month-exclusive-3-bedroom-luxury-villa-in-karagozler-1500000/ Sun, 04 Sep 2022 11:01:45 +0000 https://otelmoni.com/turkey-homes-property-of-the-month-exclusive-3-bedroom-luxury-villa-in-karagozler-1500000/

Turkey Homes is proud to present this newly renovated villa in Fethiye for sale, located within walking distance of Fethiye old town, Paspatur, with a fantastic hillside location overlooking the beautiful bay and marina of Ece in the upmarket area. from Karagozler.

Exclusive 3 bedroom luxury villa in Karagözler – £1,500,000

The property is located on a slope just above the city amphitheater and below the Kayaköy road, often referred to as ‘Lover’s Hill’ and is close to the waterfront, marina, city center for all amenities, has easy access to beaches, resorts and villages, while offering plenty of outdoor space and privacy, and stunning panoramic views.

This quality Fethiye property is offered to the Fethiye property market as seen and truly must be seen to be appreciated. The price includes all appliances and air conditioning units.

Click here for more details on this magnificent property.

Contact Turkey Homes today for more details and their friendly team of Fethiye Property Advisors will answer all your Turkey property questions, offer insight into possible rental yields and guide you through every step of the process of buying property in Turkey .

This is a sponsored infomercial in association with Turkey Homes.

What we know about Senate candidate Dr. Oz’s real estate portfolio, which is worth millions https://otelmoni.com/what-we-know-about-senate-candidate-dr-ozs-real-estate-portfolio-which-is-worth-millions/ Thu, 01 Sep 2022 22:25:33 +0000 https://otelmoni.com/what-we-know-about-senate-candidate-dr-ozs-real-estate-portfolio-which-is-worth-millions/

Dr Mehmed Oz.AP Photo/Matt Rourke, File

  • Dr. Mehmet Oz recently said: “Legitimately, I own two houses.

  • This includes a mansion in New Jersey and a farm in Pennsylvania.

  • But the Republican Senate candidate owns at least eight other properties, according to campaign materials.

Dr. Mehmet Oz’s efforts to wage a populist campaign against inflation have been complicated by the fact that his years on television made him a very wealthy man. As well as a mansion in northern New Jersey, the famous surgeon by his own admission has another home in Pennsylvania, where he is currently campaigning as a Republican for the US Senate.

“I legitimately own two houses,” Oz told a Democratic operative who interviewed him recently at an event. However, according to his campaign, Oz currently resides with his in-laws in suburban Philadelphia as he awaits yet-unseen renovations to his Pennsylvania Property.

But like The Daily Beast Previously reportedIn addition to these two mid-Atlantic homes, the daytime TV star owns at least ten other residential properties, from a beef farm in Florida to homes in Turkey, as well as several commercial investment properties across the country.

Insider rated Oz’s financial disclosure form to break down the number of properties (commercial and other) that he and his wife own.

A multi-million dollar mansion in New Jersey

Oz and his wife have resided in this six-bedroom, eight-bathroom mansion in Cliffside, New Jersey for the past 20 years. The couple built the house together, which they jointly own.

In 2020, people magazine featured a brilliant spread of the extravagant home, full of posed photos and fun facts about the 9,000 square foot residence. “We realized we needed a place where we could build whatever we wanted,” Oz told the outlet. The couple ultimately chose land that affords them unobstructed views of the Manhattan skyline.

The New Jersey mansion is almost certainly Oz’s best-known property, thanks to his Senate opponent John Fetterman. relentless trolling. Fetterman in July accused Oz of filming a campaign video of the House.

“Pro tip: Don’t film a commercial for your Pennsylvania Senate campaign from your New Jersey mansion,” Fetterman said in a statement.

According to Oz’s financial disclosure, the property is valued between $1,000,000 and $5,000,000.

Oz’s wife also owns a pool house of equal value right next to the mansion, according to financial records.

An unlisted condo in New Jersey

Oz and his wife also own a condo in New Jersey, The daily beast reported last month, though the couple chose not to include Fairview, New Jersey, relying on Oz’s nominee disclosure forms.

Applicants aren’t legally required to report non-income-earning real estate, but Oz has included several other non-income-earning properties he owns in his disclosure.

It was not immediately clear why Oz chose not to mention this second New Jersey property. A spokesperson for Oz did not immediately respond to Insider’s request for comment on the apparently unlisted property.

A 7,000 square foot “country house” in Pennsylvania

The Philadelphia Investigator reported that this house brings him an annual tax break of $50,000. The outlet added that Oz is not yet living in the house as he waits for the renovations to be completed during his run for the open state Senate seat.

“I inherited it,” Oz told the newspaper in early August. “And I intend to preserve this land and not do anything that can hurt it.”

His Pennsylvania home, like the New Jersey mansion, is also valued between $1,000,001 and $5,000,000, according to financial records.

A recently purchased beef farm in Florida

Oz bought the beef farm in Okeechobee, Florida in December 2021. The cattle on the farm are worth up to $500,000, The New York Times reported. The property, including livestock, is valued between $1,000,001 and $5,000,000.

2 houses in Sariyer, Turkey

Oz owns two homes in Sariyer, Turkey, according to his financial disclosure. These two personal residential properties are valued between $250,001 and $500,000.

Oz, of Turkish descent, said he would give up his Turkish citizenship if elected in November.

Mehmet Oz speaks at a rally

Republican U.S. Senate candidate Mehmet Oz speaks during a rally in support of his campaign at the Westmoreland County Fairgrounds on May 6, 2022 in Greensburg, Pennsylvania.Jeff Swensen/Getty Images

In addition to his six personal residences, Oz and his wife also own several investment properties around the world, including:

Another multi-million dollar mansion in Palm Beach, Florida

Oz bought an $18 million Palm Beach mansion in 2018 that has 11 bedrooms and over 12,000 square feet. The beachfront property includes a spacious yard and private beach access overlooking the Atlantic Ocean, according to a columnist for Palm Beach post.

The residence is now appraised between $5,000,001 and $25,000,000.

After buying the property, which is called “Louwana”, Oz made the house available for a monthly rent of $90,000, according to The Post. But a Realtor.com listing removed since February 2022 reviewed by The Miami Herald had a monthly rental price of $275,000 listed.

Oz sees an annual income from the mansion of $1,000,001 to $5,000,000, more than any of his other assets, according to his financial disclosure.

The Herald also reported this week that Palm Beach County Commissioners on May 3 approved a massive tax exemption for the historic Palm Beach Oz home, which could save the doctor more than half a million dollars. dollars over the next decade.

4 commercial real estate properties throughout Florida

The former “Dr. Oz Show” host owns four commercial investment properties in Florida, at least three of which appear to be Marriott hotels. A spokesperson for Oz did not immediately respond to Insider’s request for confirmation.

The Courtyard Clearwater Beach Marina and the Aloft Miami Adventure are each valued between $100,001 and $250,000 while the AC Hotel Miami Aventura is valued between $15,001 and $50,000, according to financial documents.

A fourth commercial investment property in Clearwater showed up on Google Maps as an apartment-style building. Financial disclosures said the investment was valued between $100,001 and $250,000.

All properties are co-owned.

2 apartments in Manhattan

A pair of Upper East Side condominiums once belonged to Mustafa Oz, Mehmet Oz’s father, but the residences are now at the center of a family inheritance dispute between Mehmet Oz and his sisters, Insider’s Laura Italiano reported.

Nazlim Oz, Dr. Oz’s sister who lives in Istanbul, claims in court documents that the budding politician deprived her of her share of condo revenue: $15,000 a month for more than three years.

Mehmet Oz and his other sister, Seval, who lives in California, counter that Nazlim Oz forged documents and stole their father. They too allege that Nazlim Oz never received $15,000 from the condos even when their father was alive and owned the properties.

Both residences are valued between $500,001 and $1,000,000.

4 other commercial real estate properties across New England

Dr. Oz jointly owns two commercial real estate investments in Portland, Maine valued between $1,001 and $15,000: the AC Hotel by Marriott Portland Downtown/Waterfront and a condominium.

He said he earned $427,119.00 from the hotel – and $113,955.00 from the condos.

He is also the sole owner of a commercial investment property in Lebanon, New Hampshire, valued between $100,001 and $250,000.

The fourth property appears on the financial disclosure document as an entire street – Tremont St. in Boston. The insider could not identify the property.

2 other commercial properties in Turkey

In addition to its Turkish homes, Oz can also lay claim to two additional investment properties in the country. He owns a property in Datca, Turkey, according to his financial records, and a second in Konya, near his father’s hometown.

The Datca property is valued between $1,001 and $15,000, while the Konya building has been listed as “undeterminable” due to being leased to the Department of Education as a student dormitory.

Read the original article at Business Intern

Religious communities unhappy with Turkey’s new foundations https://otelmoni.com/religious-communities-unhappy-with-turkeys-new-foundations/ Tue, 30 Aug 2022 19:22:07 +0000 https://otelmoni.com/religious-communities-unhappy-with-turkeys-new-foundations/

30/08/2022 Turkey (International Christian Concern) – The Armenian Patriarch of Constantinople has written a letter to Turkish President Recep Tayyip Erdogan outlining the discontent and frustration of the Armenian Christian community with the newly released foundation regulations. In order to manage their work, non-Muslim religious communities must register as a foundation in Turkey.

After eight years, Turkey issued new regulations allowing Christian communities to elect new leaders and board members. The Armenian Patriarch, Sahak II Masalyan, historically communicates cordially with the Turkish authorities. However, his latest letter describes growing frustration within the Armenian community and threats to boycott the election procedures.

Critics viewed negatively the constituency territories updated for the elections, as well as the health care foundations under the control of the Ministry of Health. Currently, 167 non-Muslim religious foundations are registered, including Greek Orthodox, Armenian, Jewish, Syrian, Chaldean, Bulgarian, Georgian and Maronite communities. These include the management of churches, real estate, cultural centers and health care facilities.

For interviews, please contact press@persecution.org.

US spy agency threatens Turkish businessmen for trade with Russia https://otelmoni.com/us-spy-agency-threatens-turkish-businessmen-for-trade-with-russia/ Sun, 28 Aug 2022 01:36:00 +0000 https://otelmoni.com/us-spy-agency-threatens-turkish-businessmen-for-trade-with-russia/

Local offices of the US Central Intelligence Agency (CIA) in Turkey have ‘openly’ threatened Turkish businessmen for doing business with Russia while snooping on their real estate transactions for fear of possible circumvention US sanctions against Moscow, local media reported.

The head of the CIA’s Turkish station allegedly contacted high-ranking employees of construction companies in the country, inquiring about transactions and other confidential details of recent real estate purchases involving Russian entities or individuals, according to the local newspaper Yeni Safak reported Friday, citing trade sources.

According to the report, the senior CIA officer interviewed local businessmen under the pretext of monitoring anti-Russian sanctions imposed by the United States, expressing a particular interest in knowing the exact number of “houses sold to Russians “, channels and currency, as well as a payment method used in transactions.

Another example of what the Turkish media described as “interference” in [internal] affairs beyond the control of US government agents, was a letter allegedly sent on August 22 to the Turkish Industry and Business Association (TUSIAD) by US Undersecretary of the Treasury Wally Adeyemo, threatening to impose sanctions on members involved in conducting business with Russia.

TUSIAD confirmed it received Adeyemo’s letter in a Tuesday press release without disclosing its contents, noting that it had shared it with Ankara’s foreign and finance ministries.

“Any person or entity providing material support to U.S. designees is themselves at risk of U.S. sanctions,” Adeyemo wrote in his letter, the contents of which were first reported by The Wall Street Journal Last week.

“Turkish banks cannot expect to establish correspondent relationships with sanctioned Russian banks and retain their correspondent relationships with major global banks as well as access to the US dollar and other major currencies,” he added.

Since Russia launched an ongoing military operation in neighboring Ukraine on February 24, the United States and its European allies have imposed a series of sanctions against Moscow, warning other countries against doing business with companies. and individuals sanctioned by Russia.

Turkey, despite being a member of the US-led NATO, maintains good relations with Russia even after the operation began, angering Washington, which remains increasingly alarmed by the fact that Moscow and Russian companies are allegedly using Turkey to evade Western financial and trade restrictions against the Kremlin.

Earlier this month, Turkish President Recep Tayyip Erdogan and his Russian counterpart Vladimir Putin reached an agreement to boost economic cooperation at a summit in the Black Sea resort town of Sochi.

According to official figures, the value of Turkish exports to Russia between May and July increased by almost 50% compared to last year’s figure.

Turkey has doubled its imports of Russian oil this year as Russia moves away from Europe. Ankara and Moscow have also agreed to switch to ruble payments for natural gas exported by the Kremlin-linked giant Gazprom.

Ankara, which also enjoys good relations with Ukraine, has so far tried to remain neutral in the conflict and refused to join the international sanctions regime against Russia.

Turkish officials have yet to officially respond to Adeyemo’s letter.

ASIA/TURKEY – Dissatisfaction and “malaise” with the new Foundation regulations. Armenian Patriarch appeals to Erdogan https://otelmoni.com/asia-turkey-dissatisfaction-and-malaise-with-the-new-foundation-regulations-armenian-patriarch-appeals-to-erdogan/ Sat, 27 Aug 2022 13:33:30 +0000 https://otelmoni.com/asia-turkey-dissatisfaction-and-malaise-with-the-new-foundation-regulations-armenian-patriarch-appeals-to-erdogan/

ASIA/TURKEY – Dissatisfaction and “malaise” with the new Foundation regulations. Armenian Patriarch appeals to Erdogan

Istanbul (Agenzia Fides) – In a letter addressed directly to Turkish President Recep Tayyip Erdogan, the Armenian Patriarch of Constantinople Sahak II Masalyan expresses the “unease” and the growing discontent of the Armenians of Turkey following the publication of the new electoral regulations of the Related Foundations to non-Muslim religious communities and their governing bodies must be renewed. This unique initiative aims to alert Turkey’s highest civil authority to the possibility that the growing unease among the Armenian communities of Turkey could lead to an outright boycott of the electoral procedures used to allocate leadership and administrative positions within of each Foundation. In his letter – according to local media, including the Turkish-Armenian bilingual newspaper “Agos” – Patriarch Sahak proposes to provide all foundations with clear guidelines defining the criteria for submitting voter lists on a regional basis in accordance with the approved regulations repeated unequivocal.
The text of the new rules for the election of governing bodies of foundations was published in the Turkish Official Gazette on Saturday 18 June. The publication of the new regulations was intended to put an end to a long period of deadlock and legislative uncertainty which, in recent years, has hampered and partially prevented the normal exercise of the functions of these bodies for the benefit of non-Muslim communities in Turkey. . From the first reading of the new regulations, representatives of local minority religious communities criticized the new provisions. In particular, the new territorial subdivision of the constituencies for the elections for the renewal of the boards of directors of each foundation and the fact that the activities of the foundations which manage hospitals and other health establishments are subject to the control of the Ministry of Health have been repeatedly criticized.

The system of “foundations” is the legal instrument by which Turkish institutions regulate their relations with non-Muslim religious communities. Currently, 167 foundations associated with Greek Orthodox, Armenian, Jewish, Syrian, Chaldean, Bulgarian, Georgian and Maronite communities in Turkey, commonly referred to as “minorities”, report to the Foundation’s Board of Trustees.
In Turkey, the management of minority foundations is closely linked to the life of local Christian and Jewish communities. These bodies are responsible for managing places of worship (churches and synagogues), real estate and public facilities – such as cultural centers and hospitals – of the various non-Muslim communities.
The process of drawing up new regulations, especially electoral ones, has resumed in recent years after a long period of deadlock (see Fides, 27/1/2022). Previous electoral regulations for the senior management of foundations were suspended in 2013 after the government pledged to introduce new procedures and justified the measure mainly with the intention of wanting to make the management of entrusted assets more functional and transparent. to these institutions.
The legal status of the foundations goes back to the Peace Treaty of Lausanne signed in 1923 by Turkey and the Entente Powers (British Empire, France and Russian Empire) who emerged victorious from the First World War.
Sahak II’s letter to Erdogan also gains importance as the Patriarch always uses a cordial and respectful tone towards the President and the Turkish authorities. Early 2020, just weeks after his election as Patriarch
(see Fides 3/1/2020), Patriarch Masalyan told the Turkish media: “All minorities in Turkey are of the same opinion: under the government of the AKP party, we are living the most peaceful and happiest period since the foundation of the Turkish Republic”. (GV) (Agenzia Fides, 8/27/2022)

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Turkey flight from Zurich turns into a horror trip and more Latest news here https://otelmoni.com/turkey-flight-from-zurich-turns-into-a-horror-trip-and-more-latest-news-here/ Thu, 25 Aug 2022 15:24:52 +0000 https://otelmoni.com/turkey-flight-from-zurich-turns-into-a-horror-trip-and-more-latest-news-here/

“Stuck for 15 hours”

Zurich’s Turkish flight turns into a horror trip

A trip to Istanbul turns into a horror trip for a journalist reading Blick. Instead of going to the Turkish city, he ends up in Izmir – and is stuck there.


A flight from Zurich to Istanbul ends in Izmir.

Screaming children, panicking people and no information. Passengers on the Turkish Airlines flight from Zurich to Istanbul experience real horror on Wednesday evening.

In fact, the plane should have landed in the Turkish city shortly before 11 p.m. “But instead, we ended up in Izmir,” a desperate reader-journalist tells Blick. They had not received any information from the staff explaining why the flight had not landed in Istanbul.

Zurich’s Turkish flight turns into a horror trip
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