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May 9, 2008

Turkish Investment in Africa to Hit $1 Billion

Steps taken after the Turkish government declared 2005 the "Year of Africa" for foreign trade have so far proven fruitful, and the "Africa strategy" devised by the undersecretary for foreign trade has triggered an increasing interest in the continent, TUSKON reports:

As a consequence Turkish investments in Africa started climbing in a steadily increasing trend and are estimated to reach $1 billion in total by the end of this year.

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October 17, 2007

Turkey to Approve Troop Move as Iraq Urges Restraint

Turkey's parliament was poised on Wednesday to grant its army permission to enter northern Iraq to crush Kurdish separatist rebels based there, but Iraqi leaders stepped up a diplomatic offensive to avert any attack, Reuters reports:

The United States, Turkey's NATO ally, is also strongly opposed to military action, fearing it will destabilize the most peaceful part of Iraq and possibly the wider region by encouraging other neighbors such as arch-foe Iran to intervene.

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