EYES ON PARLIAMENT FOR MECCA AGREEMENT
Despite opposition objections, the ruling AKP and its ally MHP hold a sufficient majority in parliament to pass the agreement.
Analysis
In-Depth Analysis
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GARANTI BBVA FINED 1.55 BILLION LIRA
Garanti BBVA, the high-street bank majority-owned by Spain’s BBVA, has agreed to pay a fine of 1.55 billion liras ($31.8 million) after settling an antitrust investigation into labor market practices, the lender disclosed on the Public Disclosure Platform (KAP).
KAZAKH BILLIONAIRE SECURES REGULATORY APPROVAL TO BUY TURKISH BANK
International financial giant Freedom Holding Corp., founded by Kazakh billionaire Timur Turlov, has completed the regulatory approvals to acquire a majority stake in Turkish Bank A.Ş.
CARREFOURSA SOLD TO A101, LIFESTYLE DEBATE IGNITED
Sabancı Holding and Carrefour Nederland BV sold their majority stake in CarrefourSA to Yeni Mağazacılık A.Ş., the parent company of the discount giant A101, reigniting debate over alcohol sales and lifestyles.
NOT A QUORUM CRISIS, BUT A SYSTEMIC ONE
“The opposition called for a quorum check, and when the required majority was not met, parliament was adjourned.” In recent months, this recurring news in parliament is not merely a simple quorum crisis. Behind it lie both structural problems inherent in the presidential system and the power struggle between the government and the opposition, spilling into parliamentary proceedings.
DEBATE ON FORMING KURDISH ISSUE COMMISSION ENDS AS NEW CLASHES BEGIN
As of July 31, all parties represented in Turkish Parliament—except the İYİ Party—have appointed members to join the parliamentary commission on the Kurdish issue, ending debates over which parties would take seats. Attention now turns to the commission’s roadmap, including its official name, agenda, timeline, and decision-making rules. The İYİ Party’s decision to abstain from participation has complicated the calculation of an absolute majority. While Parliament Speaker Numan Kurtulmuş initially announced that the commission would have 51 members, the İYİ Party’s absence reduces the number to 48, raising debate over whether the three-fifths majority should be calculated based on 51 or 48 members.
TOP COURT RULES RIGHTS OF GEZİ PRISONER VIOLATED
The Constitutional Court ruled that Tayfun Kahraman’s right to a fair trial was violated and ordered a retrial. The decision was made by majority vote.
KAYYUM
Kayyum or Kayyım (trustee, noun) often crops up on the Turkish agenda like an unwelcome ex-chief at a political celebration. The English-language media has translated it as trustee, as in “Turkey sacked three mayors in the Kurdish-majority southeast on alleged 'terrorism' charges and replaced them with trustees.” But as with most things, context is key. The word is actually an exalted name in Islamic theology, describing an attribute of God: the eternal, self-sustaining one, who maintains all existence. The term implies omniscience and omnipotence—qualities far removed from the bureaucratic function of trustee appointments. In more everyday language, it’s also a term for a mosque custodian. But lately, Turkey’s government has repurposed the term, applying it to officials appointed to oversee (or seize) the operations of private companies, foundations, and -mostly- municipalities suspected of wrongdoing. It should not be confused with a guardian (vasi), whose role implies that the person they care for is legally incapable of managing their own affairs. Tanıl Bora, master of Turkish political terms, explains: “A guardian is appointed to a person, a kayyum to property.”