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Saudi Arabia Purchase Turkish Drones During Erdogan’s Visit

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Saudi Arabia Purchases Turkish Drones During Erdogan's Visit

Saudi Arabia has agreed to purchase Turkish drones, one of several profitable contracts President Recep Tayyip Erdogan secured for Turkey’s struggling economy as Ankara benefits from his recent diplomatic push to mend ties with Gulf Arab powers.

President Erdogan arrived in Saudi Arabia on Monday, accompanied by an entourage of around 200 businesspeople, according to the Foreign Economic Relations Board of Turkey, as part of a three-stop tour of the region.

Erdogan and Saudi Crown Prince Mohammed bin Salman attended the signing ceremony between Turkish defense firm Baykar and the Saudi defense ministry, as reported by the Saudi state news agency SPA.

Saudi Arabia will acquire the drones “with the aim of enhancing the readiness of the kingdom’s armed forces and bolstering its defense and manufacturing capabilities”, Defence Minister Prince Khalid bin Salman Al Saud said in a tweet on Tuesday.

Erdogan’s visit comes as Turks are hit with sales and fuel tax hikes that Finance Minister Mehmet Simsek has said are necessary to restore fiscal discipline and bring inflation down.

The official annual inflation rate dropped from a peak of 85% in October to 38% last month.

In the first five months of this year, Turkey’s current account deficit hit historic highs, totaling $37.7 billion. Erdogan is hoping that the oil- and gas-rich Gulf states would help close the gap.

The Turkish lira fell to a historic low against the dollar on Tuesday as investor attention turned to the central bank’s policy-setting meeting on Thursday, where it is once more anticipated to raise interest rates.

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International News

DOJ Confirms Federal Criminal Investigation After Agents Raid Ilhan Omar’s Home

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Federal agents raided the Washington, D.C., home of Democratic Congresswoman Ilhan Omar early Monday morning as part of an ongoing federal criminal investigation, the United States Department of Justice (DOJ) has confirmed.

Homeland Security Investigations agents arrived at the Minnesota congresswoman’s residence at about 6:00 a.m. Eastern Time, according to a report by Fox News.

SEE MORE: Trump Sparks Outrage With Shock Proposal to Rename New Mexico

The report said both the Department of Homeland Security (DHS) and the DOJ are involved in the investigation.

A DOJ spokesperson confirmed the operation, stating: “Today in the Washington, D.C. area, Homeland Security Investigations executed a judicially authorized search warrant secured by the Department of Justice.”

The spokesperson added: “This enforcement action is part of an ongoing federal criminal investigation.”

 

 

Details later……….

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International News

Bangkok Underwater: Nearly 4,900 Evacuated as Floods Hit Thailand Capital

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Heavy rains have triggered severe flooding across parts of Bangkok, Thailand, forcing nearly 4,900 residents to evacuate to shelters as floodwaters swept through roads and residential areas.

The flooding has disrupted movement across parts of the Thai capital, with motorists and pedestrians forced to navigate submerged roads and seek alternative routes.

SEE ALSO: NAFDAC Warns Nigerians As Fake Cowbell Milk Floods Market

According to the Bangkok Metropolitan Administration, about 52,000 households have been affected by the flooding, prompting authorities to declare a flood disaster and intensify emergency response efforts.

Emergency teams have been deployed to assist affected communities and move residents from vulnerable areas to safer locations as water levels rise.

Bangkok is accustomed to seasonal heavy rainfall, but intense downpours can overwhelm drainage systems, particularly in low-lying areas, resulting in widespread flooding and disruption.

Authorities are continuing to monitor affected locations while coordinating evacuations and other emergency measures.

For thousands of residents, the immediate priority remains securing safe shelter and protecting homes and livelihoods as authorities work to manage the situation and restore normal activities once the floodwaters recede.

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‘They Are Dying’ — Trump Explains Why He Rejected Iran’s Hormuz Proposal

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US President Donald Trump has explained his decision to reject Iran’s latest proposal to reopen the Strait of Hormuz, saying Tehran was seeking an agreement because it was losing revenue.

Speaking to reporters at the White House, Trump said Iran wanted to immediately reopen the strategically important waterway but argued that the proposal was not acceptable to his administration.

“They want to make a deal, and I think that’s fine. I like making a deal, too, but that deal would not be acceptable,” Trump said.

SEE ALSO: How the Strait of Hormuz Attack Could Trigger a Fresh Global Oil Shock

According to the US president, Iran’s push to reopen the strait was driven by the economic pressure it was facing.

“What they want to do is immediately open the Hormuz Strait. Do you know why? Because they are dying,” Trump said.

“You know why they’re dying? Because they have no money coming in, because they get their money from the Hormuz Strait.”

Trump also claimed that the US had established an unprecedented naval blockade against Iran, describing it as “a wall of steel.”

“So they outsmarted themselves. We put up the greatest blockade ever in military history. It’s a wall of steel,” he said.

“And guess what? They don’t have any money now because they wanted to close the strait.”

The Strait of Hormuz is a major global energy shipping route, and disruption to traffic through the waterway has significant implications for international oil markets and countries that depend on energy imports.

Trump’s remarks came amid continued tensions between Washington and Tehran over the reopening of the strategic waterway and negotiations involving Iran.

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