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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.Iran's Supreme Leader Mojtaba Khamenei declared on Monday that Israel's "shaky Zionist regime" has only a limited time remaining, his remarks coming amid a sharp escalation that saw Tehran launch missiles at northern Israel and Israeli warplanes strike multiple Iranian cities including the capital.

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.Iran's Supreme Leader Mojtaba Khamenei declared on Monday that Israel's "shaky Zionist regime" has only a limited time remaining, his remarks coming amid a sharp escalation that saw Tehran launch missiles at northern Israel and Israeli warplanes strike multiple Iranian cities including the capital.

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World Bank loans Turkish bank for renewable energy projects

04:40, 17/05/2024, Friday

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World Bank loans Turkish bank for renewable energy projects

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Development Investment Bank of Türkiye to provide financing for projects involving distributed solar energy, battery energy storage systems

The World Bank has provided financing for renewable energy projects through the Development Investment Bank of Türkiye (TKYB), according to a statement posted on Türkiye's Public Disclosure Platform (KAP) on Thursday.

The TKYB has received a loan of €300 million (approximately $325 million) from the World Bank's largest institution International Bank for Reconstruction and Development (IBRD) and $15 million from the Clean Technology Fund (CTF), besides a grant of $1.5 million from the Energy Sector Management Assistance Program (ESMAP).

The Turkish bank will provide financing for projects involving distributed solar energy and battery energy storage systems, the statement said.

Titles :Development Investment Bank of Türkiye Renewable Energy World Bank

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