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- Urgency level L3 Important NewsBanking & Financial Stability
Turkey Confronts $18 Billion Investment-Fund Liquidation Crisis
Turkey's finance minister is convening meetings over the liquidation of 131 investment funds worth about $18 billion after funds failed to meet withdrawals from nearly half a million investors during a stock-market selloff.
- Urgency level L3 Important NewsGeopolitics & Conflict
Saudi Arabia Activates Mecca Defense-Pact Consultations as Houthi Attacks Escalate
Saudi Arabia, Turkey and Pakistan are moving to urgent military consultations under their Mecca Joint Defence Agreement after repeated Houthi missile and drone attacks on Saudi territory and disruption to regional oil flows. Foreign ministers met under the pact and announced arrangements for an urgent chiefs-of-staff meeting, moving the crisis from bilateral Saudi-Houthi confrontation toward formal allied-defense coordination.