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Saudi Aramco could acquire 49 pct stake in Turkish fuel distributor: report

Saudi Aramco, the world’s largest oil exporter, could acquire a 49 percent stake in GüzelEnerji, a Turkish fuel distribution company owned by OYAK, the...
Business

Between Modi and Erdoğan: Turkish aviation group recounts losing a $500 mln business overnight

Nearly two decades after its exclusion from a multibillion-dollar Turkish airport tender, which later became part of a billion-dollar bribery allegation against then-prime minister...
Business

Turkey’s central bank keeps policy rate unchanged at 37 percent

Turkey’s central bank on Thursday kept its key interest rate unchanged at 37 percent, in line with market expectations, as it maintained a tight...
Business

Turkey suspends BYD tax exemptions over stalled $1 billion factory plan: report

Turkey has suspended import tax exemptions for Chinese electric vehicle maker BYD over delays in a planned $1 billion factory investment and warned the...
Business

Iran war added at least 5 points to Turkey’s inflation outlook, finance minister says

Turkey’s year-end inflation would probably have been around 20 percent without the US and Israeli war with Iran, but the conflict’s effect on energy...
Business

Turkey’s automotive exports fell 17 percent in May

Turkey’s automotive exports fell 17 percent year-on-year in May to $3.26 billion, although the industry remained the country’s largest exporting sector, Turkey's state-run Anadolu...
Business

Turkey, Syria agree to allow Turkish banks to enter Syrian market

Turkey and Syria have agreed to allow Turkish banks to establish operations in Syria, with regulators drafting the rules needed to implement the plan,...
Business

Turkey, Canada to begin exploratory free trade talks

Turkey and Canada have agreed to launch exploratory talks aimed at reaching a free trade agreement, according to a joint ministerial statement released by...
Business

World Bank approves €191.5 million loan for green infrastructure in Turkish cities

The World Bank Group has approved a €191.5 million ($219.4 million) loan to modernize public transport, water and sanitation infrastructure in the Turkish cities...
Business

Turkey aims for top 5 in Islamic finance assets, finance minister says

Turkish Treasury and Finance Minister Mehmet Şimşek has said Turkey wants to become one of the world’s top five countries in terms of Islamic...
Business

Koç Holding’s Otokar completes purchase of Romanian defense contractor

Koç Holding subsidiary Otokar has completed the purchase of a controlling stake in Romanian defense contractor Automecanica S.A., giving the Turkish vehicle maker a...
Business

Turkey’s economy slows to 2.5 pct growth in first quarter as exports fall

Turkey’s economy grew 2.5 percent in the first quarter of 2026, slowing from the previous quarter and falling below expectations as exports fell and...
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