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Turkey stocks trade near record as investors seek riskier assets: report

Turkish stocks continued their rally Monday as a deep discount to emerging-market peers and an improved outlook from the country’s banks enhanced their appeal to investors with...
Business

Turkey says foreign firms interested in controversial Kanal İstanbul project

Dutch, Belgian and French companies are interested in a massive canal project on the edge of İstanbul, Turkish state media cited Transport Minister Cahit Turhan as...
Business

Turkish State Railways (TCDD) suffered $400 mln loss in 2018

The Turkish State Railways (TCDD) suffered a loss of TL 2,558,000 ($426 million) in 2018, TL 863 million more than expected, according to a report from...
Business

Turkish central bank expects lira to be valued at 6.43 against dollar at yearend 2020

Turkey’s central bank has said it expects inflation will be 10.01 percent at the end of 2020, while economic growth will be 3.4 percent and the...
Business

Turkey close to signing deal with Libya over Gaddafi-era compensation: report

Turkey plans to sign by February a preliminary $2.7 billion compensation deal for work carried out in Libya before the 2011 civil war, a sector official...
Business

Turkish unemployment fell to 13.4 percent in October: TurkStat

Turkey's unemployment rate fell to 13.4 percent in October from 13.8 percent a month earlier, data from the Turkish Statistical Institute (TurkStat) showed on Friday, having...
Business

Turkish airline company suspends flights to Europe until March citing financial problems

Turkey’s privately owned Atlasjet Airlines has announced a suspension of flights to Europe until March due to financial troubles, according to Turkish media reports, also saying...
Business

Turkish court gives lengthy prison sentences to Akın İpek’s brother, mother

A Turkish court on Thursday handed down lengthy sentences to Cafer Tekin İpek and Melek İpek, former board members of İpek Holding, which was seized by...
Business

4 Arab entrepreneurs purchase 74 acres of land around Kanal İstanbul: report

Companies belonging to four entrepreneurs from Kuwait, Saudi Arabia and the United Arab Emirates (UAE) have bought 74 acres of land around the route of Kanal...
Business

Alnoor chair challenges city, says Qatar will continue buying land around Kanal İstanbul

The head of the Qatari-based Alnoor Holding has challenged an official from the İstanbul Municipality who tweeted in Arabic that the city has withdrawn from a...
Business

İstanbul airport temporarily shut down after plane skids off runway: report

A passenger plane skidded off the runway in the Turkish city of İstanbul on Tuesday, temporarily shutting down the airport, The Associated Press reported. The...
Business

Erdoğan says former ally Babacan was ‘lover of interest rates,’ took orders from IMF

Turkish President Recep Tayyip Erdoğan has described former Deputy Prime Minister Ali Babacan as a “lover of interest rates” and claimed he took orders from the...
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