Turkish Prime Minister Ahmet Davutoglu on Tuesday announced a new cabinet stacked with loyal allies of President Recep Tayyip Erdogan, including his son-in-law Berat Albayrak who was named energy minister.

Another longstanding Erdogan ally, Binali Yildirim, was named transport minister but there was no space in the cabinet for former deputy premier Ali Babacan, a trusted figure in global financial markets.