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Brexit Deal Dead As Dodo.

January 16, 2019

The overwhelming defeat of Prime Minister Theresa May’s Brexit deal – in a vote of 432 to 202 – has plunged the United Kingdom into its deepest political crisis in half a century. “Every day that passes without this issue being resolved means more uncertainty, more bitterness, and more rancor,” May said on Tuesday night. She has been negotiating her draft Brexit deal with the European Union for nearly two years, reports CBS News correspondent Roxana Saberi. Now May’s job is on the line, with a vote of no-confidence set for Wednesday evening. Front-page headlines in London say May is “fighting for her life,” and call Tuesday’s vote a “historic humiliation.”

If May survives the vote, the leader of America’s No. 1 European ally will now have to present an alternate plan by Monday, or ask to delay the March 29 deadline. But with just 72 days until the U.K. is scheduled to leave the EU, the landslide vote is causing even more economic uncertainty, increasing the prospect of the U.K. crashing out of the EU with no deal in place. The U.K. is the fourth largest export destination for American goods and services. If there is no Brexit deal, a weakened British pound would make U.S. goods more costly to buy in the U.K. The U.S. farming and manufacturing sectors could be hit hardest, with the biggest exports including aircraft and machinery, as well as wine and beer, tree nuts, and live animals. “If this continues, then we’re going to have another recession. We’re going to have another depression. It’s going to mean jobs lost. It’s going to mean economic opportunity forgone – for Americans, for the whole world,” said Shenker Singham of the Institute of Economic Affairs.

The U.S. Chamber of Commerce says the stakes are high for American companies that have invested in the U.K. as a way of accessing the EU markets. Some businesses have opened subsidiaries elsewhere in Europe to make sure they can keep doing business as usual.



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Northern Cyprus As Best Place to Retire.

January 14, 2019

A move overseas allows you to reduce the cost of retirement as you seek adventure. The best affordable options for retirement overseas in 2019 include some destinations in Europe. The foreign currencies such as pounds and dollar made the Eurozone an increasingly realistic option for the retirees, especially when choosing Northern Cyprus.

There are factors which a person may considering before moving: Like the cost of living, affordability of real estate, infrastructure, residency options, taxes, health care, recreation, international access, crime rates, expat community options and the language spoken in that specific destination. Retirees have an opportunity to relocate to countries that better suits their interests and budget. But, the challenge is finding a place that will meet all of your retirement needs. A survey commissioned by NatWest Bank relating to retiring abroad, the nations people favour for their overseas retirement and the reasons for considering leaving the UK behind revealed many interesting findings such as the fact that cost and standard of living are driving factors behind many would-be expatriate retirees’ thoughts about moving abroad when they retire. British pubs’ serving all day breakfasts now to be found in corners of Northern Cyprus and the shops, banks, roads and even flights to and from the island are far busier!In terms of the realities of retiring to Northern Cyprus there are many facts and aspects to consider.First things first, property in TRNC may have gone up in value but it is still for sale at a fraction of the price it is in the UK or in south Cyprus for example. Next up, if you’re going to be living in North Cyprus year round, get central heating put in to your villa or apartment.  Don’t argue – just do it!  Temperatures dropped so low in Cyprus sometimes that earlier this month snow fell in lower lying areas and elsewhere there were hail storms and horrible howling winds.  For a short period of the year, the weather in Cyprus is horrible, you will want and need central heating and you will regret it if you do not have it.



 

Living Cost: The cost of day to day living in TRNC can be more than affordable.  However – if you insist on being a heavy consumer of electricity and petrol you will find your expenses soon increased each month.  Also, if you insist on shopping in Tempo and Lemar for English brand products rather than buying in season fruit and vegetables and whatever is more readily available like on Sunday Market, you will again see your living expenses stack up!  Simply to put it, if you shop like the locals do and think about what you consume you will enjoy an affordable cost of living. Another good news is for those who like eating out and going to the pub for socialise sometimes is that there are so many pubs and cafes and restaurants and the vast majority of them are affordable if not cheap, so you will be able to enjoy a varied and enjoyable social side of life for less when living in TRNC.

Legal Matter: As a British retiree or someone from Nordic region retiring to the island who holds an EU passport, you can take up residency in Northern Cyprus easily.  You have to begin the residency process within three months upon arrival on the island. You go to the main police station in Girne (Kyrenia), Famagusta or Lefkosa with your passport, you then have to have a brief medical test at an authorized clinic, provide proof of your address and that you have the means to support yourself, get what’s called your ‘in and out certificate’ from the main police station in Nicosia, (this is a piece of paper showing how many times you have entered and left the country prior to applying for residency), and then you take all the paper work to the immigration department in Lefkosa (Nicosia) and lay back waiting for a stamp to appear in your passport!  It sounds complicated but it really isn’t – however, because it does require you to put in a few hour’s leg work running between all the official offices, you can employ a runner to do all the hard work for you, while you doing whatever you want to do. To find a runner contact the British Residents’ Society, or ask round the local pub for some help!  You need to renew your residency every year for five years and then you can apply for permanent residency.  The rules change all the time though, so just ask or read the current news for new update.

Pension Funds: Turkish İşbank It’s very easy to access your pension income while you live in Northern Cyprus – the best way is to retain your foreign bank account and credit cards, so that you can get the money paid into that and either access the cash through sweep card when you need money, or open an account at one of the local bank in the TRNC like and pay a cheque from the original account in your country each month.  If you do an international transfer it will cost you a fortune, but if you pay a cheque into your account it costs little or nothing – however, it can take a month to clear!  As you will be resident in Northern Cyprus you can de-register for tax in your previous nation by contacting the tax authority there and telling them that you have moved abroad.  When they accept that you are no longer tax resident you become liable for income tax on your pension in Northern Cyprus.  However, this is only on the money you remit to the country and you should take advice on how to handle your financial affairs from a tax adviser or accountant.  There are many Brits and Nordics living on the island who keep all of their money in an account external to the nation and therefore pay little or no tax.  Whether this is legal or advisable for you depends on your own personal circumstances – again, we reiterate that you must take advice and this article does NOT constitute a complete advice!

Finally – in terms of considering Northern Cyprus as an attractive retirement destination it does have a great deal in its favour.  The Aphrodite island is very beautiful, and the most of year it has a fabulous climate. Real estate if you planing to buy property which is affordable, plus the cost of living can be cheap. The living standard can be on a par with other European nations like UK. You can legally move to the island and potentially even reduce your tax bill.  Health care is affordable and readily available – although retiring expats should consider a private health insurance policy.  If you look at health insurance make sure you’re covered in North Cyprus and also think about what you would do if you needed long term care.  As a potential nation for oversea’s retirement, Northern Cyprus is certainly a strong contender.

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Real Estate Investment Can Generate Wealth.

November 1, 2018
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Investing in real estate is a worthwhile endeavor if you play your cards right.

Here’s why!

  • Cash flow: Rental properties are highly desirable for their ability to generate positive cash flow. This means after your mortgage and other housing-related expenses are paid off, you have extra profit. Lots of people are even turning their primary residence into an income-producing asset by renting out a bedroom or extra space.
  • Appreciation: While not always, generally speaking, housing values tend to appreciate over time. That means the longer you own a property, the more it should be worth. This is why many people refer to a home or a piece of real estate as the ultimate nest egg.
  • Leverage: A lesser-known advantage of owning real estate is using the property as leverage. By consistently paying down the mortgage you have the opportunity to tap the equity you have built up. Talk about the ultimate rainy-day fund! If you own multiple buildings or buildings with several units under one roof, you have the option to cash out at any time.
  • Tax advantages: Landlords have a few tax advantages over regular homeowners. They get to deduct items such as interest, insurance, maintenance, and even depreciation over time as business write-offs. Plus, when an investor sells a property and exercises a 1031 exchange to reinvest the proceeds into a new property, the person can defer all capital-gains taxes.

What I love about real estate is that you can build your own strategy. My bread and butter have been purchasing small multifamilies with two to four units per building. This is a great entry-level strategy, especially for those looking to live in one apartment while renting out the rest to offset a mortgage. I’ve mentored countless buyers on this approach, as it’s a logical avenue when getting started. There are many ways to build your portfolio, however, from buying vacation homes to commercial space, or land. Other possibilities include teaming up with partners and going in together on a big complex. If you are looking for something more passive, Real Estate Investing Trusts tend to produce similar returns to stocks in the long term. The lure of owning real estate is pretty compelling. The goal for most is to achieve passive income from rentals. Of course, the Holy Grail is reaching financial freedom — meaning you can maintain your desired lifestyle through that income alone.

1. So, Why everyone investing in real estate?

As I alluded to earlier, investing in real estate is building a business. Ask anyone you know who has ever tried to launch a company, open a restaurant or even start an Etsy shop … it’s not easy! What is easy is underestimating what’s involved. The honest truth is that anyone can do it. But, you have to be willing to accept these three facts:

2. Getting started is really hard

To be an investor in real estate you need time or money, ideally both. I’m sorry, but there are no two ways around that — it’s just common sense. If you don’t have time, then you will have to outsource many of the tasks, which will chew into your profits. If you don’t have money, then you will sink a lot of time into putting together deals with someone else’s financial backing. Time and money are hot commodities. You can’t just snap your fingers and own a home, never mind an entire building. You have to research, analyze, and go through the process to make the acquisition. This is the stage where most people give up. They realize it takes up too many resources in their day-to-day life to make it happen.



3. Scaling is even harder

It doesn’t get easier once you actually own the property. As with any business, you will face challenges, namely, How can you grow given your constraints? These limitations almost always boil down to, you guessed it, time and money. Do you have time to handle maintenance requests? Do you have the money to hire a property manager? There is no easy answer. As you scale, there are countless situations to work through. The highs can be very high and the lows very low. One month all your tenants pay on time, and the next you’re at eviction court. The lows are stressful and can make any business owner second-guess whether it’s worth it.

4. Waiting is the hardest

Remember that story the tortoise and the hare? Slow and steady wins the race. It can take a while to reach your end goal, and getting there may not be a straight line. You could have big, short-term wins (or losses!). While not the norm, some of my clients have cleared $100,000-plus through savvy buying and selling in a short time frame. Part of this is luck and part of this is a strategy. Realistically, building a reliable and repeatable business model that will support you for the long haul is not created overnight and requires you to hang on to your real estate. Building anything worthwhile requires hard work. If you are interested in real estate, and willing and able to commit, it could be the right business for you.


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TOURISM: Japanese Investors Coming To Northern Cyprus.

September 24, 2018
The Turkish Republic of Northern Cyprus (TRNC) was represented at the booth at the JATA Tourism EXPO Japan 2018 Fair held in Tokyo, capital of Japan. The Minister of Tourism Fikri Ataoğlu and the important delegates from the Northern Cyprus’ tourism sector have participated in the fair.

The ‘JATA Tourism EXPO Japan 2018 Fair’, which started on September 20 in Tokyo and ended on 23 September, yesterday. Turkey also participated in the business expo with many other countries, including the tourism agencies and tour operators that aroused great interest at the fair this year.  The interest of the Japanese people in the KTC stand was very intense.  National Tourism Fair of Japan has showcased some of the Asian dishes at the Expo 2018: Which consists of various foods like Hokkai-flavoured seafood bowl, chichibu, waraji, pork miso bowl, Shonan shirasu, odawara tricolor rice bowl, toyama-flavored rice bowl, rice bowl with eel taste, saucepan bowl, rice bowl, rice bowl, setouchi-Zuke, and Setouchi- Zuka.

The next event is ”Furusato Festival Tokyo 2019″ which also an annual event host on January 11- 20, 2019, the Furusato Matsuri will attract 300,000-400,000 visitors and see about 300 companies gather in Tokyo to promote regional specialities, including craft beer among other things. There will be also traditional performances on the main stage to promote understanding of regional cultures, as well as multinationalism.  over the course of the week.




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British Pound “Drops Like a Stone”.

September 20, 2018

Pound Sterling has performed an about-turn and is heading lower as the pendulum on Brexit sentiment takes an inevitable turn for the worse. Headlines suggest U.K. Prime Minister Theresa May is to reject the European Union’s ‘”improved” offer on the Irish border. The EU’s chief negotiator said yesterday that the EU was preparing to table a new “backstop” proposal that he hoped the government would be able to support.

  • EU backstop proposal still unacceptable to UK
  • Sterling in the red as ‘no deal’ fears grow once more
  • EU’s Tusk says Britain’s proposal needs to be reworked
  • Tusk to propose November summit to close Brexit deal

But, the Times has today quoted a senior government source said that Barnier had still not dropped his insistence that Northern Ireland is treated as a separate customs jurisdiction from the rest of the United Kingdom.”Any backstop will have to respect our red line that there is not a customs border in the Irish Sea,” the source said. Neil Jones, a dealer at Mizuho Bank Ltd. says the “Pound dropped like a stone on May’s rejection of Barnier it appears.”

At the time of writing the Pound-to-Euro exchange rate is quoted at 1.1247, having been as high as 1.1283 earlier. The Pound-to-Dollar exchange rate is at 1.3132, having been as high as 1.3215. “The EU goal posts are coming in, but the UK government posts look not to be shifting for now,” adds Jones. The Pound has rallied through September as markets have digested regular news of progress on Brexit talks while the currency also received a boost from above-forecast inflation numbers released mid-week.

Today’s headline and price action in Sterling reminds us that there is a further distance to cover before the matter is resolved. The problem for the U.K. it appears remains the insistence for a backstop from the EU.

“A backdrop would also mean, however, that Northern Ireland would remain closely aligned with the EU’s rules and regulations and thus effectively separated from the rest of the UK,” says Valentin Marinov, a foreign exchange strategist with Crédit Agricole. Following the General Affairs Council (Article 50) meeting held on September 18, Barnier told the press the EU ” is ready to improve” their proposal on the Irish border customs question.

He adds the new plan would not involve customs checks in the Irish Sea and would respect the “territorial integrity of the UK”. Barnier also clarified that most checks can take place away from the border, on the company premises or in the market. We understand that this is already being proposed by the UK government under the technological solution; which already amounts to a win for May. We are therefore seeing a lot of common ground and believe we are witnessing the endgame in this saga. Recall, once Ireland is settled, the Withdrawal Agreement will be on the cusp of completion.


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Northern Cyprus: Lira’s Woes Bite.

September 18, 2018

The wages are in lira but properties and items are priced in foreign currency leaving it exposed to fluctuations.


As the world focuses on the crisis facing Turkey’s lira, the Turkish part of Cyprus faces an arguably worse situation that is not of its own making. The self-declared Turkish Republic of Northern Cyprus (TRNC) is heavily reliant on “big brother” Turkey due to its political and economic isolation from the rest of the world, a result of its official break from the Greek Cypriot south in 1983.

The Turkish third of the eastern Mediterranean island uses the lira for day-to-day business but many items such as cars and electronic goods, as well as property costs, are priced in foreign currency – leaving the territory’s 300,000 inhabitants facing a greater threat from fluctuations than those in Turkey. By using the lira, TRNC, which had a trade deficit of $1.67bn last year, is deprived of many of the vital economic tools – such as raising interest rates – that could help it keep down the cost of living.

“They say that when Turkey catches a cold, northern Cyprus gets a fever,” said Fiona Mullen, an economic consultant based on the island.”One of the main problems is that people mostly earn in lira but many costs such as housing, cars and computers are priced in pounds, euro or dollars,” she added “Also, even though both Turkey and northern Cyprus operate in the lira, imports from Turkey are priced in hard foreign currency and that’s really killing northern Cyprus.” The lira crisis, which came to the fore last week when the US announced tariffs on Turkish steel and aluminium but has been rumbling on for more than a year, has seen the Turkish Cypriot government introduce temporary measures, including tax cuts on basic foodstuffs and cheaper electricity tariffs, to alleviate any immediate price hikes. “Food prices have almost doubled in the last week because the country is not self-sustainable,” economist Ozlem Cilsal said. “People are facing problems paying their rent in [British] pounds.” One car dealer told local media that prices had risen by 50 per cent in the past week while mobile phone salesman Fuat Cirik told the Yeni Duzen newspaper there had been a 20 per cent rise in 48 hours.

“We cannot replace the merchandise we sell,” he said. “In one single hour, the price of phones went up by 50 liras [$8.12].” Yenal Surec, a senior economics lecturer at Eastern Mediterranean University in Famagusta, said the most important effect of the lira’s devaluation would be on inflation, which currently stands at 20.3 percent. “Domestic production is very limited so most goods are imported and even products imported from Turkey are priced in euro or dollars,” he said. “Therefore, as soon as the Turkish lira devalues we see a sudden increase in prices which makes life difficult for consumers.” Turkish Cypriots are understandably nervous of price rises, creating an “atmosphere of panic” when the lira plunged to below seven to the dollar earlier this week,” said Surec. “There was anger among consumers when some companies hiked their prices beyond the lira rate and they are demanding price controls from the government,” he added. In response, the government also announced measures such as fixed foreign exchange rates for rents and school fees and tax reductions for restaurants and hotels, while calling on people to adopt cost-cutting measures – Serdar Denktash, the finance minister, set the tone this week by turning up at parliament on a bicycle.

The island’s north is heavily dependent on tourism and universities to draw in foreign currency, as well as investment and other financial support from Turkey, the only country that recognises the breakaway republic. Cyprus was divided in 1974 when Turkish forces invaded in response to a military coup backed by Athens. The international community considers the southern Republic of Cyprus, as European Union member, to be the representative government for the whole island. The TRNC’s Central Bank is unable to do anything to affect the value of the lira and is restricted to limited measures such as blocking foreign currency loans for employees paid in lira, which it introduced this week. However, Rustu Yucel, an economics columnist for the Diyalog newspaper, said the bank had added to the crisis by raising the public’s appetite for foreign currency credit in recent years through low-interest rates. “In northern Cyprus, people are used to this credit boom and have invested in property – buying and selling property is the main business in northern Cyprus now,” he said. “They believe they’re getting richer but this boom is based on credit.

When people can’t get credit, they will not be able to invest and the economy will suffer.” Yucel condemned the steps taken by the government as “symptomatic” policies that failed to address debt problems and warned of bankruptcies as people defaulted on foreign currency loans. “They will not solve anything. If there’s another foreign exchange rise these measures will be meaningless,” he said. “There’s no real big impact on the economy.” The Turkish Cypriot authorities are looking to Ankara for an economical solution lead in recovery efforts. This week, President Mustafa Akinci and Prime Minister Tufan Erhurman met Binali Yildirim, Turkey’s parliamentary speaker and former prime minister, during his visit to the island.

According to official broadcaster BRT, Yildirim assured them the Turkish government was doing everything to deal with the crisis. “The [Turkish Cypriot] government will demand extra finance from Ankara because the exchange rate increase was not foreseen,” Surec, the university lecturer, said. He called on Turkey to defend the lira by restoring the confidence of foreign investors. Economist Cilsal added: “We use the Turkish lira and we can’t do anything on monetary policy, we’re totally dependent on Turkey economically.

“The lira’s fall has seen Greek Cypriots flock across the border to take advantage of the weakened currency, with most filling their cars with petrol or bulk-buying cigarettes. Surec said the crisis could see fresh impetus given to long-running negotiations to unify the island on federal lines.”When the economy is running properly nobody demands a solution, but as soon as a crisis starts everybody voices these kinds of expectations,” he said. “Maybe if a new negotiation process starts we could have a solution.

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Spot Cyprus Carreeta Festival Has Started!.

August 23, 2018
Spot-Cyprus Carreeta

Spot Cyprus Carreeta Festival-August 23-24

Spot Cyprus Carreeta Festival celebration started today and end on Friday 24 August 2018. This marking 25 years after the Society for the Protection of Turtles (Spot) has formed. The Spot Cyprus Carreeta Festival will feature live music, open-air cinema and business stand, daytime activities and competitions at Ayios Philon beach which also known as Dipkarpaz Halk Beach, one of the best beaches in Northern Cyprus.  The Beach is very deserty, very natural and water is spectacular. Additionally, festival goers will be able to watch turtle hatchlings and entering the sea. The free-entry festival is organised by Spot and Fractal Folks, in collaboration with Dipkarpaz Municipality. For more information call 0533 865 2427.

Carreetta Turtles of North Cyprus
The Carretta Turtles are the loggerhead and oceanic turtles distributed throughout the world. they belong to the family of Cheloniidae and regarded as an Endangered species that need protection from extinction. In the whole of the Mediterranean coast, which has about 300-400 female green turtles that lay approximately 200 eggs. It is a known fact that these sea turtles do not visit any coast but certainly prefer one specific area in order to lay their eggs. They reproduce eggs during June-October and at every reproduction period, they lay approximately 100 eggs into big holes dig themselves.
Alagadi beach, which is in the borders of Esentepe, is one of the shores these turtles have chosen to arrive to. After being laid, in 2 months the eggs begin to hatch and at night the baby turtles begin to come out from under the sand and try to reach the sea in 10-15 minutes. Any sound, light or human activity will startle these turtles and disrupt them to move at wrong places. There are very few places left in the world today for these sea turtles to reproduce. Northern Cyprus is one of these few places remaining. 10% of Carretta Turtles and 25% of green turtles lay their eggs on the shores of North Cyprus.


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What It Takes To Be A Digital Marketer?.

August 21, 2018

Digital marketing encompasses all marketing efforts that use an electronic device or the internet to leveraging digital channels such as search engines, social media, email, and websites to connect with prospective customers and be updated with competitors.

Individuals interested in a career in digital marketing can be digital sales executives, Internet specialists, search engine optimization (SEO) marketing specialists or digital marketing directors, among other options. Educational requirements can vary according to the position; however, digital marketers, in general, work to initiate effective marketing campaigns online. Some of the areas a Digital Markerker can specialise are as follow:

  • Social Media (Facebook, Twitter and etc).
  • Content Marketing.
  • Search Engine Optimization (SEO).
  • Search Engine Marketing (SEM).
  • Pay-Per-Click Advertising (PPC).
  • Affiliate Marketing.
  • Email Marketing.
  • Radio Advertisement.

A career in digital marketing typically involves using social media search engine optimization (SEO) in order to sell products, brands or ideas. Education requirements for these types of positions vary, but a bachelor’s degree is a good idea for those who want to be competitive in their job search. Hands-on experience with marketing and SEO can also help to increase hiring opportunities.

Essential Information
Individuals who are interested in digital marketing may find work as Internet marketing specialists or online marketing managers. Specialists are expected to be well-versed in a wide range of online media platforms, while managers generally take on supervisory roles in web-based advertising or promotional campaigns.

Digital Marketing

Digital marketing, best practise and ethics

Job Description
A digital marketing professional, or specialist, is often responsible for developing the strategy used in marketing a company’s product online, utilizing such techniques in the field as social media, Web analytics, e-mail marketing and search engine optimization, among others. They may put together various online promotions and e-mailing campaigns to get their company’s message out, as well as perform consumer research to discover other ways of reaching customers via the Internet. Other possible job titles for professionals in the field of digital marketing include digital sales executive, SEO marketer and online marketing manager, to name a few. December job listings on CareerBuilder.com, for example, list direct response letters, dedicated e-mail sales and interactive advertising among some of the responsibilities of a digital sales executive.

SEO marketers are required to translate business goals into successful SEO campaigns, analyze the performance of SEO efforts and help clients increase search engine rankings for their websites, according to CareerBuilder.com.

Digital marketing professionals in positions of leadership, such as manager or director, will oversee Internet marketing campaigns from program management to execution. They are usually required to provide clear direction to the other members of the marketing team, such as the copywriter, web designer and sales executives.

Education Requirements
The education required for a career in the digital marketing field will vary, depending on the position. Generally, earning a bachelor’s degree in Internet marketing, or a related area is a good start. Students in this program compare traditional marketing to Internet marketing. They also study the basics of search engine marketing, SEO, pay-per-click advertising, and web analytics. Graduation from this program can lead to a career as a digital marketing specialist, SEO specialist or digital sales executive.

Aspiring managers or directors in the digital marketing field will usually need a master’s degree. Master’s programs are available in digital marketing or in integrated marketing with a digital marketing concentration. Certificate programs are also available for graduates with a master’s degree in general marketing.

Besides general marketing class topics, such as finance, campaign management and strategic marketing, students study Internet product branding, website usability, blogs, SEO, Web analytics, viral marketing and affiliate marketing, among other topics.

Salaries
According to www.glassdoor.com statistics and report the average base pay salary is $67,230 per year for the digital marketer and salary range is $1,141 – $26,997. Salaries for online marketing managers varied from country to country.

Those who are interested in a career in digital marketing will probably want to start by earning a bachelor’s degree, preferably in Internet marketing or a related field. They can make themselves more attractive to potential employers by gaining practical skills in SEO and social media management. Salaries in this field vary by job title and level of responsibility.




 

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Happy Eid al-Adha 2018.

August 21, 2018
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Eid al-Adha is a big festival among the Islamic nations around the world celebrate the annual festival of Eid al-Adha, or the Festival of Sacrifice,  this week – it marks the end of the Hajj pilgrimage to Mecca with the commemoration of the unshakeable obedience and faith of Ibrahim (Abrahim). A dutiful devotee of God, Ibrahim sought to sacrifice his only son on Allah’s wish. However, after seeing his unfaltering devotion, God intervened and asked him to sacrifice a lamb instead.

Around the globe, the Eid al-Adha will officially begin in the evening of 21 August and end on the evening of 25 August.  Three days of national public holidays have been already announced in most countries. The celebratory process is filled with fun and reunion, children collect ‘Eidi’ in the form of some money and sweets from elders as blessings, and eating meat from the sacrificed goats that shared among families. If you’re celebrating this festival with your family and friends, we wish you with a radiant peace be upon your entire family.

May the great Allah prosper the works of your hands: Enjoy this joyous feast!

EID

A family picnic in Burgess Park during the first day of Eid al-Adha celebration

Muslim women across the globe will don intricately some embroidered outfits and families will come together to feast on cultural specialities and gifts will be exchanged as Muslims across the world celebrate Eid al-Adha, the most important festival in the Islamic calendar. The other, Eid al-Fitr translates from Arabic as the “festival of breaking the fast” that marked the end of a month of fasting as Ramadan came to a close. Islam follows the lunar calendar which is based on phases of the moon. This means, that in comparison to the Gregorian equivalent, the dates vary from year to year, drifting approximately 11 days earlier annually. Eid al-Adha falls on the 10th day of Dhu al-Hijjah, the 12th and most sacred month of the Islamic year. It is also when Hajj, a pilgrimage which all able-bodied Muslims are required to complete once in their lives time.

What is the significance of Eid al-Adha?
The origin of Eid al-Adha dates back to the ancient story of the prophet Ibrahim, as told in the Quran. After years of temptations and longing for a child, Ibrahim and his wife were given a son in their old age. But, as a testament to his love for Allah, Ibrahim was asked to sacrifice him.

The celebration tends to differ from family to family, in most places around the world Eid is celebrated in a similar fashion. In the morning, Muslims read “Salat al-Eid”, a special prayer offered to honour the festival. Muslims will spend the day visiting their loved ones, going to different family houses throughout the day or getting together in one place. Either way, it’s just about being together and eating!

What do people wear?
The Prophet Muhammad was known to have worn his best cloak for both Eid holidays. Every culture has its own style: In Oman, men wear a long white robe, or dishdasha, with an embroidered cap (kumma) or turban (mussar). In Nigeria, men wear an Agbada, a flowing wide-sleeved robe and men in Gambia will wear similar Kaftans. In Indonesia, many women wear the kebaya dress and kerudung hijab, in South Asian cultures men and women wear the traditional outfit Shalwar Kameez and henna is applied to the hands and feet to celebrate the festival, some women also wear bangles, which were traditionally made of glass. In the West, where Eid celebrations often include diverse Muslims cultural groups gathering, there is no common holiday style. Depending on the culture and heritage, different outfits will be worn.



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Qatar To Invest $15 Billion In Turkey.

August 15, 2018

President Recep Tayyip Erdoğan meets with Qatari Emir Sheikh Tamim bin Hamad al-Thani in Ankara.


President Recep Tayyip Erdoğan meets with Qatari Emir Sheikh Tamim bin Hamad al-Thani at the presidential complex in Ankara, Turkey today 15 August 2018 on Wednesday. The investment package was announced after Qatar’s Emir Tamim bin Hamad Al Thani met Turkish President Tayyip Erdogan in Ankara.

Emir Sheikh Tamim bin Hamad Al Thani has said Qatar is standing by its “brothers in Turkey” as he announced a $15bn investment into the country’s financial markets and banks. The emir’s comments on Wednesday came after holding talks with Turkish President Recep Tayyip Erdogan in Ankara, Turkey’s capital. Turkey is currently grappling with a currency crisis and heightened tensions with the United States, its NATO ally.

Sheikh Tamim is the first foreign head of state to visit Ankara since the stand-off with Washington began last week. “We stand by the brothers in Turkey that have stood with the issues of the Muslim World and with Qatar,” Sheikh Tamim said in a tweet. “As part of the important talks that I held in Ankara on Friday with His Excellency President Erdogan, we announced a $15bn deposit package and investment projects in the country, which has a strong and solid productive economy.” Erdogan and Sheikh Tamim also discuss ways to improve their strategic cooperation. “We attach importance to his visit. This visit, at the same time, is an indicator that Qatar stands with Turkey,” Ibrahim Kalin, a spokesperson for the Turkish president, told reporters at a press conference on Wednesday.

Salim bin Mubarak Al Shafi, Qatar’s ambassador to Turkey, said his country would continue to support Turkey, adding that the emir’s visit demonstrated the “depth” of the two countries’ ties. “Qatar will continue to stand by its Turkish brothers as it did during the failed coup attempt in 2016,” Al Shafi said, adding Qatari people purchased millions of Turkish lira to support Ankara against the “economic operation”, the country is witnessing, local media reported.

Qatar and Turkey are bound by strategic relations at the political, economic and military fronts. But the Gulf country also shares a strategic partnership with the US, hosting a military base that serves as one of Washington’s most important overseas military bases with operations throughout the Middle East.

Turkey Minister of Finance and Treasury,  Berat Albayrak, to examine financial institutions and foreign exchange markets in order to take the drastic actions, if necessary to implement the Financial rules.  Treasury and Finance Minister Albayrak paid attention to the importance of independence in monetary policy and emphasized the importance of budget discipline:” Budget discipline constitutes the most important stance of our new economic approach. We set our targets.

We talked with all our institutions and ministers that we will not compromise for extra-budgetary expenses. Albayrak stated that they would look into the answer to 3 questions when evaluating their investments and expenditures and said: “Does it provide technological or high added value production? Is it increasing the export? Is it reducing the current deficit? we will prevail in the fields of economy. We care about this practice. No one’s doubt. We will come out victoriously with the support of our nationality, rational policies and a decisive stance and by Allah’s glace to emerge from this struggle. “



 


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