Ministry of Treasury and Finance

AIIB, Türkiye Sign EUR150 Million Loan Agreement as Additional Funding for Istanbul Seismic Mitigation and Emergency Preparedness

Retrieved on: 
Friday, September 29, 2023

SHARM EL SHEIKH, Egypt, Sept. 29, 2023 /PRNewswire/ -- The Asian Infrastructure Investment Bank (AIIB) has approved a loan of EUR150 million for the Istanbul Seismic Risk Mitigation and Emergency Preparedness Additional Financing (ISMEP-AF) project.

Key Points: 
  • SHARM EL SHEIKH, Egypt, Sept. 29, 2023 /PRNewswire/ -- The Asian Infrastructure Investment Bank (AIIB) has approved a loan of EUR150 million for the Istanbul Seismic Risk Mitigation and Emergency Preparedness Additional Financing (ISMEP-AF) project.
  • To formalize the agreement, a virtual signing ceremony was conducted between AIIB and the Republic of Türkiye on Sept. 27, 2023.
  • Through AIIB's Crisis Recovery Facility, the Bank also provided assistance to help the Government of Türkiye manage its COVID-19 response.
  • AIIB is closely working with Türkiye to further deepen its engagement to support Türkiye's development agenda.

Monetary Metals Announces Agreement with Major Turkish Refinery

Retrieved on: 
Tuesday, September 26, 2023

SCOTTSDALE, Ariz., Sept. 26, 2023 /PRNewswire/ -- Monetary Metals is pleased to announce it has leased gold to AgaBullion, a multi-line, integrated precious metals company headquartered in Istanbul. This is the 52nd lease that Monetary Metals has funded, expanding its international dealmaking footprint to include six countries outside the US.

Key Points: 
  • This is the 52nd lease that Monetary Metals has funded, expanding its international dealmaking footprint to include six countries outside the US.
  • The lease finances AgaBullion's gold trading operations on the BIST (The Borsa Istanbul Precious Metals Exchange), while Monetary Metals' clients are earning 5% annually on their gold, paid in gold.
  • "Demand for this lease was very strong," said Addison Quale, Vice President of Relationship Management for Monetary Metals.
  • Mr. Gokhan Yılmaz, CEO and Founder of AgaBullion, affirmed, "This agreement, and more broadly our relationship with Monetary Metals, aligns with our plans to continue expanding into precious metals markets worldwide."

Turkish Arab Financial Forum to be Held on March 13, 2023

Retrieved on: 
Friday, March 10, 2023

DUBAI, Mar 10, 2023 - (ACN Newswire) - Crypto Oasis will be participating in the upcoming Turkish Arab Financial Forum to be held on March 13, 2023, at the Grand Hyatt Dubai.

Key Points: 
  • DUBAI, Mar 10, 2023 - (ACN Newswire) - Crypto Oasis will be participating in the upcoming Turkish Arab Financial Forum to be held on March 13, 2023, at the Grand Hyatt Dubai.
  • The forum aims to bring together high-level participants from Turkiye and the Arab world, including senior government officials, investors, VCs, asset managers, private equity firms, Fintech leaders, finance and investment leaders, investment bankers, and representatives of major regional and international financial institutions.
  • The event will focus on the latest developments and opportunities in fintech, with a particular emphasis on the intersection and partnership between Fintech and traditional banking.
  • "Participating in the Turkish Arab Financial Forum is an excellent opportunity for us to showcase the digital asset space in the UAE and to contribute to the growing financial ties between Türkiye and the UAE," said Saqr Ereiqat, Co-Founder of Crypto Oasis.