AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 129.00 Decreased By ▼ -0.53 (-0.41%)
BOP 6.76 Increased By ▲ 0.08 (1.2%)
CNERGY 4.50 Decreased By ▼ -0.13 (-2.81%)
DCL 8.70 Decreased By ▼ -0.24 (-2.68%)
DFML 41.00 Decreased By ▼ -0.69 (-1.66%)
DGKC 81.30 Decreased By ▼ -2.47 (-2.95%)
FCCL 32.68 Decreased By ▼ -0.09 (-0.27%)
FFBL 74.25 Decreased By ▼ -1.22 (-1.62%)
FFL 11.75 Increased By ▲ 0.28 (2.44%)
HUBC 110.03 Decreased By ▼ -0.52 (-0.47%)
HUMNL 13.80 Decreased By ▼ -0.76 (-5.22%)
KEL 5.29 Decreased By ▼ -0.10 (-1.86%)
KOSM 7.63 Decreased By ▼ -0.77 (-9.17%)
MLCF 38.35 Decreased By ▼ -1.44 (-3.62%)
NBP 63.70 Increased By ▲ 3.41 (5.66%)
OGDC 194.88 Decreased By ▼ -4.78 (-2.39%)
PAEL 25.75 Decreased By ▼ -0.90 (-3.38%)
PIBTL 7.37 Decreased By ▼ -0.29 (-3.79%)
PPL 155.74 Decreased By ▼ -2.18 (-1.38%)
PRL 25.70 Decreased By ▼ -1.03 (-3.85%)
PTC 17.56 Decreased By ▼ -0.90 (-4.88%)
SEARL 78.71 Decreased By ▼ -3.73 (-4.52%)
TELE 7.88 Decreased By ▼ -0.43 (-5.17%)
TOMCL 33.61 Decreased By ▼ -0.90 (-2.61%)
TPLP 8.41 Decreased By ▼ -0.65 (-7.17%)
TREET 16.26 Decreased By ▼ -1.21 (-6.93%)
TRG 58.60 Decreased By ▼ -2.72 (-4.44%)
UNITY 27.51 Increased By ▲ 0.08 (0.29%)
WTL 1.41 Increased By ▲ 0.03 (2.17%)
BR100 10,450 Increased By 43.4 (0.42%)
BR30 31,209 Decreased By -504.2 (-1.59%)
KSE100 97,798 Increased By 469.8 (0.48%)
KSE30 30,481 Increased By 288.3 (0.95%)

Turkish Prime Minister Ahmet Davutoglu on Tuesday unveiled a new cabinet stacked with loyal allies of President Recep Tayyip Erdogan, including his son-in-law who was named energy minister. Davutoglu won approval for his cabinet at a meeting with Erdogan and the Turkish strongman is expected to keep tight control over the government.
The announcement of the new lineup comes after the snap November 1 election where the ruling Justice and Development Party (AKP) co-founded by Erdogan stunningly regained the majority it had unexpectedly lost in a June vote. There had been considerable interest in whether Erdogan's son-in-law Berat Albayrak would be in the cabinet after unconfirmed reports that Davutoglu was opposed to his presence in the government. Another longstanding Erdogan ally, Binali Yildirim, was named transport minister but there was no space in the cabinet for former deputy premier Ali Babacan, a trusted figure in global financial markets.
Former finance minister Mehmet Simsek, another key economic figure seen as reassuring to the markets, was appointed deputy prime minister and is expected to take over Babacan's role. Albayrak was until late 2013 the chief executive of the Calik Holding conglomerate but has more recently been writing economic commentaries in pro-government newspapers. Erdogan is considered very close to the Albayrak family, in particular Berat Albayrak's father Sadik.
Several world leaders attended the marriage of Berat Albayrak to the president's elder daughter Esra Erdogan in July 2004. In a short speech before he announced the new cabinet, Davutoglu said the new government would focus on achieving structural reforms over the next four years. The new government has several familiar faces from the AKP government that had been in power until the June election.
Mevlut Cavusoglu, a figure seen as reassuring for the United States and the European Union, returned to his former post as foreign minister, while Efkan Ala also returned to the cabinet as interior minister. Two women ministers will be serving in the new cabinet: family and social policies minister Sema Ramazanoglu and environment minister Fatma Guldemet Sari. The November result was a huge personal victory for Erdogan, who may now be able to secure enough support for his controversial ambitions to expand his role into a powerful US-style executive presidency.
However the AKP still does not command the two-thirds majority needed to change the constitution without support from other parties or a popular referendum. Turkey is facing a renewed conflict between the state and Kurdish separatists as well as a wave of bloody attacks blamed on Islamic State jihadists.

Copyright Agence France-Presse, 2015

Comments

Comments are closed.