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[VIDEO] Erdoğan: If you’re a patriot, convert your dollars into Turkish lira

Amid signals of a looming economic crisis, President Recep Tayyip Erdoğan on Sunday described Turks who convert their foreign currencies into Turkish lira as...
Business

Iran’s Supreme Court upholds death sentence for businessman Zanjani

The Iranian Supreme Court on Saturday upheld a death sentence on graft charges for Babak Zanjani, one of Iran’s wealthiest businessmen and an alleged...
Business

CHP leader to Erdoğan: Have you sold off the dollars you keep in shoeboxes?

Main opposition Republican People’s Party (CHP) Chairman Kemal Kılıçdaroğlu on Saturday asked President Recep Tayyip Erdoğan whether he has sold off his own dollars...
Business

Turkey’s stock exchange moves to keep assets in local currency after Erdoğan’s call

Turkey’s stock exchange, Borsa İstanbul (BİST), on Friday moved to keep all its cash assets in accounts denominated in Turkish lira.   “In support of the...
Business

Lira in freefall as Erdoğan urges Turks to sell off forex

An economic crisis will only slightly affect Turkey if fellow citizens convert their foreign currencies into Turkish lira or gold, President Recep Tayyip Erdoğan...
Business

52 businessmen detained in Izmir-based coup probe

A total of 52 businessmen were taken into custody as part of an investigation into the Gülen movement, which the government accuses of masterminding...
Business

Doğan Holding representative detained over Gülen links

Barbaros Muratoğlu, the Ankara representative of Doğan Holding, which owns CNNTürk and the Hürriyet daily, was detained on Thursday over alleged Gülen links as...
Business

TÜSİAD calls on gov’t to end state of emergency

The Turkish Industrialists and Businessmen’s Association (TÜSİAD) on Thursday urged the Justice and Development Party (AKP) government to end a state of emergency (OHAL)...
Business

Lira hits record low as MHP, AKP agree on constitutional amendment

The Turkish lira fell to another historic low against the US dollar, declining from around 3.43 to more than 3.50 lira to the dollar...
Business

Gov’t appoints trustees to 57 companies in İzmir

The İzmir Governor's Office announced on Wednesday that trustees have been appointed to 57 companies in İzmir as part of an ongoing witch-hunt against...
Business

German-owned subsidiary in Turkey victim of gov’t purge as local partner seized

ECE Türkiye, a subsidiary of the Hamburg-based ECE, owned by the Otto family, was forced to cancel a management contract for a Turkish shopping...
Business

Turkey sees 31 percent fall in foreign tourist arrivals in 2016

A total of 22.7 million foreign tourists came to Turkey in the first 10 months of 2016, compared to 36.2 million visiting the country...
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