"As the fallout of the war has reverberated across the Middle East, Ankara has jumped at the chance to promote Turkiye as a model of security and stability for businesses and investors."
"Turkiye, which is protected by NATO air defences, has emerged largely unscathed from aerial attacks blamed on Tehran, unlike its Gulf neighbors."
"Erdogan stated, 'Just as in the pandemic period, we wholeheartedly believe that this global crisis, too, will open new doors before our country.'"
"Turkish Treasury and Finance Minister Mehmet Simsek confirmed that the government was preparing radical incentives to lure foreign capital."
Turkiye is positioning Istanbul as a financial hub due to the fallout from the Iran war affecting Gulf economies. The conflict has increased fuel prices and strained foreign currency reserves, yet it offers a chance for Turkiye to attract businesses. Turkish officials emphasize the country's stability compared to war-affected neighbors. President Erdogan views the situation as an opportunity to enhance Istanbul's global financial status, while the Treasury Minister announced plans for incentives to attract foreign capital, building on improvements since the 2018 debt crisis.
Read at www.aljazeera.com
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