Turkish PM Davutoglu may not run in next party leadership congress

Turkey's ruling Justice and Development Party (AKP) is reportedly set to hold an extraordinary leadership congress this month without the participation of incumbent Turkish Prime Minister Ahmet Davutoglu.

Davutoglu and Turkish President Recep Tayyip Erdogan met late on Wednesday at the presidential palace in Ankara for a one hour forty minute meeting. AKP sources told Hurriyet news that Davutoglu will not seek a seat at the upcoming leadership conference. CNN Turk said the conference will transpire this month.

The Prime Minister, who was appointed by Erdogan as Prime Minister two years ago, said on Tuesday that he wouldn't think twice about walking "away from any job position" after the AKP's highest decision-making body ruled to remove Davutoglu's authority to appoint provincial officials late last month.

This was seen as a clear attempt on the part of Erdogan to undermine Davutoglu's authority as prime minister.

The rift between the two men has already, according to Bloomberg, had a negative affect on investor confidence in the Turkish economy, confidence which has already been shaken by Turkey's recently reignited conflict with the Kurdistan Workers Party (PKK) and the increased threat of Islamic State (ISIS) terrorist attacks.