EconomyFeaturedAmidst currency crisis Turkey sells goldAshwini sekarApril 8, 2021 by Ashwini sekarApril 8, 2021 The World Gold Council stated that the central banks were the net buyers of the precious metal... Read more
EconomyFeatureMagazineIs the Turkish lira on the edge?WebAdminJanuary 25, 2021February 5, 2021 by WebAdminJanuary 25, 2021February 5, 2021 The country is finding means to strengthen its currency—despite volatility, fluctuating investor sentiment and harsh pandemic... Read more
Banking and FinanceFeaturedWhy Ziraat Participation Bank is important to TurkeyInternational Finance Business DeskDecember 15, 2020December 24, 2020 by International Finance Business DeskDecember 15, 2020December 24, 2020 The bank is deepening financial inclusion with an expansive network of nearly 104 branches across the nation... Read more
CurrencyFeaturedForexTurkey’s lira depreciates to an all-time low due to inflamed political tensionsInternational Finance Business DeskOctober 9, 2020 by International Finance Business DeskOctober 9, 2020 The value of lira dropped as much as 0.9 percent to 7.8692 percent, with an extended loss of more than 24 percent... Read more
FeaturedFintechUAE-based Fintech TPAY Mobile acquires 100% stake in Turkey’s PayguruPritam BordoloiJune 11, 2020 by Pritam BordoloiJune 11, 2020 The deal is subject to the approval of the Central Bank of the Republic of Turkey and the Competition Authority... Read more
AviationTurkish Airlines, Kuwait Airways codeshare deal to boost travel optionsInternational Finance DeskJuly 10, 2019December 23, 2019 by International Finance DeskJuly 10, 2019December 23, 2019 Turkish Airlines has decided to temporarily replace its 12 grounded Boeing aircraft with 12 737-800s from AnadoluJet... Read more
EnergyJuly-August 2019MagazineRenewable energy: A lucrative investment in TurkeyBharath KumarJuly 9, 2019December 19, 2019 by Bharath KumarJuly 9, 2019December 19, 2019 A quarter of Turkey’s energy comes from renewable sources with a target to achieve 30% by 2030... Read more
Oil & GasIran, Turkey to establish joint bank to ‘bypass the US sanctions’International Finance DeskJune 3, 2019 by International Finance DeskJune 3, 2019 Iran's ambassador to Turkey said that the mutual cooperation between Turkey and Iran was needed to create a 'new financial mechanism'... Read more
Oil & GasTurkey plans oil and gas exploration off Cyprus despite warningInternational Finance DeskMay 21, 2019 by International Finance DeskMay 21, 2019 The tensions worsened when a senior Cypriot official said that Nicosia will issue arrest warrants ‘for all involved’ in drilling operations... Read more
Ports and ShippingTurkey builds first private inland cargo terminal for $86 millionInternational Finance DeskMay 10, 2019 by International Finance DeskMay 10, 2019 The project by Arkas and Duisport will provide a ‘gateway terminal' servicing rail freight for the Turkish industry... Read more