A forum was launched in Istanbul on Saturday, bringing together businessmen and young people passionate about trade and entrepreneurship.

The program is organized by the Turkish YediHilal Association within the framework of its “School of Commerce” project.

The forum began at the Center of the Association of Independent Businessmen and Industrialists “MUSIAD”, and focuses on “export” in this year’s edition, and will conclude its work on Sunday.

In his opening speech, the association’s president, Samad Bajaji, said that they have been working to raise an educated and qualified young generation since 2013.

He stressed the association’s keenness to raise Muslim merchants who “respect what is permissible and what is forbidden and pay attention to zakat.”

In turn, the head of the Commerce School Committee, Muhammad Jabaji, stressed the importance of youth and stated that they are organizing the forum for their sake.

He stressed that trust constitutes the backbone of trade and without it it is not possible to do business at the local and international levels.

He explained that they have been organizing trade school forums since 2018.

He stated that they have met more than two thousand young people to date, 35 of whom have established companies, many of which export and provide job opportunities for many.

The project consists of three stages, the first in the form of sessions under the titles of boldness, patience, gratitude, and business ethics.

The forum organizers divide the young participants into groups in order to listen to their investment ideas.

The winner of the best investment idea will receive a sum of cash.

As for the second stage, participants will undergo distance learning lessons for a period of 6 weeks by professional investors on the basics of investment, digital marketing, financial management, creative thinking, intellectual development, and others.

In the third stage, the project will communicate with the participants who have successfully passed the previous two stages in a guidance framework and to transfer experience to the trainees so that they can establish their own businesses.

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Mehmet Fatih Kajer, Turkish Deputy Minister of Industry and Technology, announced that the domestic electric car “TOGG” will go on sale next week.

This came in a speech he delivered during his participation on Saturday in an event of the Association of Independent Industrialists and Businessmen in Turkey “Musiad” in Istanbul.

Kajer pointed out that Turkey has today become the shining production base in its region and that it is about to make a big leap in the coming period.

He said, “Today, Turkey has become the fourth largest car manufacturer in Europe and the fourteenth in the world, and now we have a great window of opportunity.”

He added, “Turkey’s TOGG car will be put up for sale next week, God willing. TOGG will meet our people in the coming days.”

On October 29, 2022, Turkey celebrated the production of the first local car, marking the start of serial manufacturing of its electric car, “TOGG”.

Ankara owns 100 percent of the intellectual and industrial rights to the car, and seeks through it to build a global brand and form the nucleus of an integrated Turkish mobility system.

The Tug plant will produce 175,000 cars annually when it reaches full capacity and will provide 4,300 direct jobs and 20,000 indirect jobs.

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On Tuesday, the state of Hatay in southern Turkey witnessed a meeting between members of the Turkish Independent Businessmen and Industrialists Association “Musiad” and ambassadors of some Baltic countries.

A statement issued by “Musiad” stated that the Diplomatic Relations Committee of the association organized the seventh program for economic diplomacy with the participation of Turkish businessmen and ambassadors of Estonia, Latvia and Lithuania to Ankara.

During the program, the ambassadors of Estonia, Anili Kolk, Latvia, Peters Vaivars, and Lithuania, Ricardas Degutis, discussed with Turkish businessmen large-scale investment and trade opportunities.

After the meeting, the ambassadors visited a number of organized industrial zones and steel and recycling factories.

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The Turkish Association of Independent Industrialists and Businessmen “MUSIAD” and the Organization of the Eight Islamic Developing Countries for Economic Cooperation (D-8) signed a memorandum of understanding to develop trade relations and increase cooperation.

This came during a summit of the organization on the sidelines of the “Musiad Expo 2022” trade fair organized by the association in Istanbul, in which Anadolu Agency participates as a global media partner.

The memorandum of understanding was signed on Saturday by the organization’s secretary-general Isaiaka Abdulkadir Imam and the president of “MUSIAD” Mahmud Asmali at the “TUYAP” exhibition center in the European side of Istanbul.

Imam said in a speech during the summit that the Organization of the Eight Developing Countries for Economic Cooperation was founded by Bangladesh, Egypt, Iran, Indonesia, Nigeria, Malaysia, Pakistan and Turkey (1996).

He pointed out that the organization has established important cooperation between member states since its establishment in many sectors such as agriculture, trade, transport, energy and tourism, and that this cooperation is increasing day by day.

The Secretary-General revealed that the volume of trade between the OIC countries rose to $1.8 trillion, but stressed that the current figures are in fact much less than the goals to be achieved.

For his part, Asmali said that the total population of the OIC member states is estimated at 1.2 billion, and that the size of their economy is close to 4 trillion dollars.

He pointed out that Turkey’s economy was able to spread its strong growth performance throughout the year and that international organizations revised their forecasts for the growth of the Turkish economy in an upward direction.

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The countdown to the launch of the 19th edition of the “MUSIAD EXPO” trade fair has begun in Istanbul, amid preparations for unprecedented events by the Turkish Association of Independent Industrialists and Businessmen (MUSIAD).

In the context of introducing the exhibition, the president of “MUSIAD” Mahmoud Asmali organized a press conference at the association’s headquarters in Istanbul.

Asmali said that “Musiad Expo” will be a meeting point for industrial and commercial delegations and businessmen from different countries of the world.

He said, “There is a large participation from Europe, Asia, Africa, the Middle East and North Africa, and the delegations of Azerbaijan, Russia, Qatar, Saudi Arabia, Morocco, Indonesia, Nigeria, Pakistan, Iran and Algeria will take their place in the exhibition, which is a center of global trade.”

He explained that more than 60 sales delegations will visit “Musiad Expo” in its upcoming edition, indicating that they aim to achieve commercial ties worth $5 billion during the exhibition.

He described “Musiad Expo 2022” as “the heart of commercial diplomacy.”

Asmali confirmed that this year’s edition of the aforementioned exhibition will witness a summit for the ambassadors of the Group of Eight developing Islamic countries (D8), noting that this step is the first of its kind in the history of “Musyad Expo.”

Among the unprecedented events in the history of the exhibition is the display of various products of the local defense industries, at the forefront of which is the “Bayraktar TB2” drone and the “Jazari” flying vehicle.

The 19th edition of the “Musyad Expo” will be held from 2-5 November in the “Tuyap Istanbul” fairgrounds.

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The Turkish non-governmental independent businessmen association “MUSIAD” announced the postponement of the second session of the Arab-Turkish Business Summit, which was scheduled to be held on the fourteenth of this month.

In a statement on Thursday, the association stated that the conference, organized by MUSIAD in cooperation with the International Business Forum (IBF), has been postponed due to recent developments on the international scene, the impact of which has reached Turkey recently, in reference to the new Coronavirus.

Businessmen with stable investments in Turkey will come from 25 countries, most notably Algeria, Palestine, Qatar, Iraq, Libya, Egypt, Syria, Jordan and Yemen.

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