Latest News
- Internet Censorship Pact Condemned By MP-elect Bushehri
- Police Arrest Two Men Previously Convicted In Misdemeanor Cases
- The Theft Of 50 Birds In Kuwait’s Barr Abdaliyah Area
- Anti-Corruption Authority Efforts Embrace An Integrated Work Sys...
- European Union Keen On Exempting Kuwaitis From Schengen Visa
- Expat Admits Killing His Compatriot In A Quarrel Over Cash
- Decomposed Corpse Of A Girl Found In Nugra Flat
- 4.4% Private Sector Employment Sparks Concerns In Kuwait
- CSC Separates Job Appointments From Specific Agencies
- Municipality Shuts Store And Issues 23 Violations
- Kuwaiti Tweeter Jailed For Insulting Rulers, Judiciary, And Nati...
- MoH Opens Registration For Scholarships And Study Leaves
The Kuwaiti Brotherhood Attempts To Rescue Turkish Economy
A number of economists, politicians and journalists said, “The Kuwaiti Brotherhood’s move to buy the Turkish lira will not help in increasing its value against the US dollar.
They rushed to support Turkey while regarding President Recep Tayyip Erdogan as the next caliph of Muslims.” Speaking to the daily, they pointed the Turkish lira crisis has unmasked the face of the Kuwaiti Brotherhood that conspired against Arab countries and encouraged terrorist groups. In return, they rushed to buy the Turkish lira in an attempt to save the Turkish economy even at the expense of their personal and partisan interests and millions of dinars.
They called on concerned authorities to be wary of the danger which the Brotherhood poses to national security and pay attention to their external loyalties. Financial expert Amir Al-Mansour thinks that the move of the Kuwaiti Brotherhood to buy the lira heavily from Kuwaiti exchange markets is nothing but a comical economic attempt as it is impossible to stop the Turkish lira at its feet considering it is impossible for the group to buy lira worth $50 billion.
He argued this attempt is considered comic in the economic field, especially since the Turkish economy has been witnessing sharp decline in recent years, which led to the decline of the Turkish lira to 40 fils or a little more, while 10 years ago it was worth a quarter of dinars.
He ruled out the possibility that Kuwait Finance House (KFH), under its current leadership outside the Reform Society, will transfer a large amount of money from donors to its branch in Turkey. He pointed out the recent purchases of Turkish lira in Kuwait will not diminish the value of the US dollar as some people think, indicating that what happened recently is the result of Erdogan’s confl ict with a superpower; but ultimately any religious group in Kuwait that tends to sympathize with Erdogan in his ordeal will look at their interests at the end, therefore, the rush to purchase lira will not continue.
Talking about the Kuwaiti Brotherhood’s support for Erdogan, President of the International Organization for Human Rights Attorney Mubarak Al-Mutawa asserted this support comes in the background of the sympathy of the people of Kuwait in terms of addressing issues concerning an Islamic nation with the hope that Erdogan will rise to get the nation out of foreign domination.
SOURCE : ARABTIMES
Trending News
-
Eid Al Fitr 2024: Crescent Moon Not Sighted In Sau...
08 April 2024
-
Kuwait Implements Home Biometrics Services Ahead O...
14 April 2024
-
When Will Eid Al Fitr 2024 Take Place In Qatar, Ba...
08 April 2024
-
Kuwait Airways Provides Update On Flight Schedule...
14 April 2024
-
Kuwait Airways Introduces Convenient Home Luggage...
15 April 2024
-
Expat Residency Law Amended By Kuwait Ministerial...
20 April 2024
-
Gathering For Eid Al-Fitr Prayers: Kuwaiti Citizen...
10 April 2024
-
Two Expats Are Arrested For Stealing From Salmiya...
17 April 2024
-
An Egyptian Expat Dies At Kuwait's Airport
11 April 2024
-
Bay Zero Water Park Kuwait: Summer Season Opens Ei...
11 April 2024
Comments Post Comment