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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessErdogan Denies Ulterior Motives in Naval Drills; Egyptian Relations On the Mend
LOCAL NEWS
- Erdogan says no ulterior motives behind Turkish East Med & Aegean naval drills following Saturday's military and naval drills. Ankara & naval officials allegedly joined the drills aboard the contentious Oruc Reis drilling vessel.
- Erdogan said Turkey will not give up its East Med rights, noting this year's Blue Homeland drills were stronger & more organized.
- Also noted "we are adamant on making Turkey a superpower in the naval world"
- Defense Min Akar says Egypt's respect for Turkey's continental shelf in its latest hydrocarbon exploration contracts was a very important development for relations.
- Follow's Cavusoglu's remarks last week that a deal on maritime boundaries was in the pipeline, however, this has not yet been confirmed by Egyptian authorities.
- Local analyst says this de-escalation strategy is aimed at bypassing EU criticism at the EU Summit (March 25-26)
- EU's Borrell insists EU participation in UN Cyprus talks (27 April) is essential, which was supported by Greek Cypriot president. However, Turkish Cypriot president has previously said the EU's presence will not be welcome, requiring impartiality from the EU –
- Experts concerned over a spike in Covid-19 cases across all but 16 provinces last week. Cases per 100k people rose from 89.9 to 112 In Istanbul, 39.8 to 55 in Ankara & 53 to 66 in Izmir. Experts noted widespread flouting of covid rules in Istanbul being cause for concern
- Defense ministry briefing in Ankara 0900GMT: may mention S-400s or recent East Med drills etc, Erdogan speaks 1100GMT & 1600GMT
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.