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Türkiye's Vice President Cevdet Yilmaz met Iranian President Masoud Pezeshkian in Tehran on Friday to attend funeral ceremonies for late Supreme Leader Ali Khamenei, saying Ankara "deeply shares the pain" of the Iranian people and pledging to support regional stability efforts.Prime Minister Shehbaz Sharif said the Islamabad MoU takes immediate effect, with Iran reopening the Strait of Hormuz and the US lifting its naval blockade ahead of Friday's official signing ceremony in Switzerland.Fidan told the prestigious MGIMO university — which counts Russian Foreign Minister Sergey Lavrov among its alumni — that the honor recognized the deep bond between Türkiye and Russia, calling diplomacy the only effective tool for resolving regional disputes amid shifting global power dynamics and warning against strategic miscalculation during the transition to a multipolar order.Türkiye's national team is focused on securing a crucial victory against Paraguay in its second Group D match as it seeks to recover from an opening defeat to Australia. Goalkeeper Uğurcan Çakır said "the first match was not a final" and the team still has six points to play for.President Recep Tayyip Erdogan said he welcomes the agreement reached between Washington and Tehran as an important development for regional stability, urging all parties to refrain from rhetoric and actions that could escalate tensions until the official signing ceremony scheduled for June 19 in Switzerland.

Türkiye's Vice President Cevdet Yilmaz met Iranian President Masoud Pezeshkian in Tehran on Friday to attend funeral ceremonies for late Supreme Leader Ali Khamenei, saying Ankara "deeply shares the pain" of the Iranian people and pledging to support regional stability efforts.Prime Minister Shehbaz Sharif said the Islamabad MoU takes immediate effect, with Iran reopening the Strait of Hormuz and the US lifting its naval blockade ahead of Friday's official signing ceremony in Switzerland.Fidan told the prestigious MGIMO university — which counts Russian Foreign Minister Sergey Lavrov among its alumni — that the honor recognized the deep bond between Türkiye and Russia, calling diplomacy the only effective tool for resolving regional disputes amid shifting global power dynamics and warning against strategic miscalculation during the transition to a multipolar order.Türkiye's national team is focused on securing a crucial victory against Paraguay in its second Group D match as it seeks to recover from an opening defeat to Australia. Goalkeeper Uğurcan Çakır said "the first match was not a final" and the team still has six points to play for.President Recep Tayyip Erdogan said he welcomes the agreement reached between Washington and Tehran as an important development for regional stability, urging all parties to refrain from rhetoric and actions that could escalate tensions until the official signing ceremony scheduled for June 19 in Switzerland.

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Deputy PM Babacan to maintain oversight of economy

00:00, 31/08/2014, SundayU: Update: 18:02, 31/08/2014, Sunday

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Deputy PM Babacan to maintain oversight of economy

Turkish Deputy PM Ali Babacan will be responsible from overall economic affairs of the country, senior officials say

Turkish Deputy Prime Minister Ali Babacan will retain overall responsibility for the economy in the new government, senior officials told Reuters late on Saturday.

Babacan, and more recently Finance Minister Mehmet Simsek, have been part of a well-respected economics team that has helped steer Turkey through a decade of growth and stability.

The announcement of new Prime Minister Ahmet Davutoglu's cabinet on Friday saw both men retain their posts.

"Babacan will be in charge of economic affairs. Nothing has been changed on the economy side for the government," one senior official in the prime ministry said, adding that a formal announcement would be made on Monday.

"I know Numan Kurtulmus was in charge of economic affairs in the party. But he will be responsible for some other political issues. The economics team will work as before," the official said.

A second official in the prime ministry confirmed the decision.

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