Category: Economy
Turkey says Iraq was ordered to pay compensation to Ankara in arbitration case
30th March 2023
Turkey’s Energy Ministry said on Tuesday that Iraq had been ordered by the International Chamber of Commerce (ICC) to pay compensation to Ankara in a longstanding arbitration case related to oil exports from northern Iraq ...
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Kirkuk pipeline to be closed as Turkey fined 1.4 billion dollars in arbitration case won by Iraq
30th March 2023
The government of Iraq won an international arbitration case against Turkey’s agreement on oil shipments with the Kurdistan Regional Government (KRG) on Saturday (March 25). The court ruled in favor of Iraq, ordering Turkey to ...
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Erdogan announces hike in minimum wage in July for second time this year
30th March 2023
Turkish President Recep Tayyip Erdoğan on March 29 announced that the minimum wage will rise in July for a second time this year. When asked if there will be a hike in minimum wage, Erdoğan ...
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