Local News
Four new crossing routes on the agenda at leaders’ meeting
Four crossing proposals, including Haspolat, are expected to be discussed at the leaders’ meeting. Holguin is said to be mediating, but no agreement has been announced.
Results for “UN”
Region & World
Flooding hits 70,000 tents, worsening Gaza’s shelter crisis
According to the Gaza government’s Media Office, 70,000 tents were flooded in 12 hours. The Palestinian leadership has urgently appealed to the UN for safe shelter and access for aid.
Region & World
UN: Nearly 313,000 people displaced in Yemen since August
Renewed fighting in Yemen is making it harder to access shelter, food and healthcare. The UN says 69 civilians have been killed since early August.
Energy
Brent crude falls more than 13% for the week as supply uncertainty persists
Brent crude ended the week at $98.32 a barrel and US crude at $90.83. Despite the sharp weekly decline, the Iran war and risks to shipping continue to support prices.
Energy
Iranian Navy: Oil tanker hits mine in Strait of Hormuz and stops
Iran’s Navy said an oil tanker that struck a mine east of the Strait of Hormuz caught fire and was unable to continue its journey.
Local News
Üstel: We aim to introduce paid military service in the new term
Prime Minister Ünal Üstel said they aim to introduce paid military service in the new term to make it easier for young people to plan their education and working lives.
Public Sector & Regulation
Committee approves €16.83m budget for Turkish Cypriot Properties Fund
The Greek Cypriot House of Representatives’ Refugees Committee approved a €16.83 million budget for the Turkish Cypriot Properties Fund. Rent increases, home repairs and allocation issues were discussed.
Energy
Bayraktar: We proposed capacity for southbound sales on Türkiye–TRNC power link
Bayraktar said they had proposed to Greece reserving capacity for companies seeking to sell electricity to the south via the planned undersea power link, but the proposal was not accepted.
Local News
Payment date for TL 40,000 bonus to insured people set for 6 November
The Social Insurance Department has announced 6 November as the payment date for a TL 40,000 bonus for people receiving a pension or other benefit. Payments will be deposited into registered bank accounts without requiring any additional steps.
Trade & Industry
Infrastructure and capacity project planned for Famagusta Free Zone
Economy and Energy Minister Hasan Taçoy announced that a project will be developed to increase capacity and address infrastructure shortcomings at the Famagusta Free Zone.
Finance & Banking
Taçoy and Bankers’ Association discuss businesses’ access to finance
Economy and Energy Minister Hasan Taçoy and a delegation from the Bankers’ Association discussed steps to expand credit opportunities for industrialists, tradespeople, producers and investors.
Trade & Industry
Nicosia Turkish Municipality launches £5.5 million tender, targets industrial zone transformation
LTB President Harmancı announced a £5.5 million tender funded from the municipality’s own resources. Infrastructure, cleaning and relocation plans for the industrial zone are also on the agenda.
Tourism
Merit bridge tournament brings 360 players from 27 countries to North Cyprus
The bridge tournament, held from 2 to 5 November, is estimated to have generated visitor traffic of around 540 people, including players and their companions.
Economy
KTAMS: Poverty threshold for a family of four was TL 260,177 in October
KTAMS calculated the poverty threshold for a family of four at TL 48,236.84 as of 31 October. After food, transport accounted for the largest share of the poverty-threshold calculation.
