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Turkish steelmaker Tosyalı plans $1.5-2 billion annual global expansion: report

Tosyalı Holding, a leading Turkish steelmaker, plans to invest $1.5-2.0 billion annually in a global expansion, including ventures in Africa and Saudi Arabia, as...
Business

Finance minister says Turkey’s inflation will fall to 30 percent by end of 2024

Turkish Finance Minister Mehmet Şimşek has said the country’s skyrocketing inflation, which stands around 70 percent, will fall to 30 percent by the end...
Business

Largest UAE bank in advanced talks to buy Turkey’s Yapı Kredi: report

The United Arab Emirates’ (UAE) First Abu Dhabi Bank (FAB) is in advanced talks to acquire Turkish conglomerate Koç Group's 61.2 percent stake in...
Business

Turkish Airlines to restart flights to Afghanistan

Turkish Airlines will resume flights to Kabul on May 21, its first since the US forces' chaotic withdrawal in 2021 when the Afghan capital's...
Business

Israel to abolish free trade deal with Turkey: report

Israeli Finance Minister Bezalel Smotrich on Thursday said Israel would abolish its free trade agreement with Turkey and also impose a 100 percent tariff...
Business

Turkey’s competition board fines Google over failure to comply with regulation: report

The Turkish competition authority said on Thursday that had it decided to fine Google over its failure to fulfill obligations regarding a part of...
Business

Turkish gov’t announces measures to reduce public spending, tame inflation

Turkey on Monday announced a three-year austerity plan aimed at reducing public spending in order to calm inflation, which reached nearly 70 percent year-on-year...
Business

Turkey’s unemployment rate fell to 8.6 percent in March, near lowest in a decade: TurkStat

Turkey’s unemployment rate fell 0.1 percentage point month-on-month to 8.6 percent in March, edging toward the lowest level in a decade, reached in October...
Business

Turkish minister says easing of trade ban on Israel out of the question

Turkish Trade Minister Ömer Bolat has refuted claims by an Israeli official about Turkey's easing of a recently imposed trade ban on Israel due...
Business

Turkey’s competition board fines Meta $37.2 mln in data-sharing probe: report

Turkey's competition board fined Meta Platforms 1.2 billion lira ($37.20 million) on Wednesday after concluding two separate investigations on data-sharing in its Facebook, Instagram,...
Business

Finance watchdog visited Turkey ahead of ‘grey list’ decision: report

A team from the Financial Action Task Force, an international crime watchdog that "grey-listed" Turkey in 2021, held meetings with Turkish authorities last week...
Business

S&P upgrades Turkey’s credit rating from B to B+: report

S&P Global Ratings moved Turkey’s long-term sovereign rating one notch higher to B+ from B, with a positive outlook, Bloomberg reported, citing a statement...
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