Saudi Press

Saudi Arabia and the world
Tuesday, Jul 01, 2025

Turkish Energy Bourse Eyes Carbon Markets and IPO Amid Global Chaos: Geopolitical Tensions, Natural Disasters, and Notable Losses

EPIAS aims to expand into carbon markets and plans for a potential IPO by 2026, enhancing Turkiye's role in carbon pricing.
Turkish energy bourse EPIAS is set on broadening its horizons with ambitions of diving into carbon and commodities markets and potentially launching an IPO by 2026. This strategic push, as outlined by Energy Minister Alparslan Bayraktar, aims to position Turkiye as a key player in carbon pricing.

Meanwhile, geopolitical tensions are on the rise as U.S. President Joe Biden and Israeli Prime Minister Benjamin Netanyahu mapped out a strategic response to Iran's missile attack. The situation remains volatile, with Israel's military poised for a decisive retaliatory action and ongoing clashes with Hezbollah leading to civilian hardships.

Shifting to domestic concerns, Hurricane Milton has wreaked havoc in Florida, leaving over two million without power and posing severe flooding threats. Emergency officials are on high alert as the storm barrels toward the Atlantic, issuing evacuation orders following tornadoes spawned by the tempest.

In a moment of reflection, the world mourns the loss of Ratan Tata at 86, a visionary leader who revolutionized the Tata Group into a global giant. His legacy of humility and strategic acumen, recognized universally by leaders, including India’s Prime Minister Narendra Modi, continues to inspire future generations.

As Election Day swiftly approaches, Vice President Kamala Harris faces the heat of tight races and the daunting task of voter engagement. Despite gaining the Democratic nomination, her campaign is navigating the complexities of garnering support in crucial states and reaching out to key voter demographics.

Lastly, a somber note as a Turkish Airlines flight made an emergency landing in New York following the unexpected passing of Captain İlçehin Pehlivan in mid-flight. The aviation community extends its condolences, reflecting on the captain's decades-long service and dedication.
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