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2 more members of industrialist Boydak family arrested

Two more members of the Boydak family, prominent industrialists from the Central Anatolian town of Kayseri, were arrested in İstanbul on Tuesday, with Bekir...
Business

Turkish lira hits rock bottom at 3.77 against dollar, 4 against euro

The depreciation of the Turkish lira has yet to slow down as the currency fell to fresh record lows against both the US dollar...
Business

Turkish lira at new record low, leading the drop in EM currencies

The Turkish lira on Monday fell more than 2 percent against the US dollar, weakening more than any other emerging market currency. The lira sank...
Business

Turkey to replace Google, Gmail with domestic providers ‘aligned with local culture, values’

Turkey's Communication Minister Ahmet Arslan on Friday said a local search engine and email service that compatible with national culture and values would soon replace...
Business

[UPDATE] 2 Doğan Holding executives detained over Gülen links

The chief legal advisor and the former chief executive of Turkey's largest media conglomerate, Doğan Holding, were detained in police raids early on Thursday...
Business

Iranian president slams judiciary for failing to reveal businessman Zanjani’s connections

Iranian President Hassan Rouhani on Wednesday criticized the judiciary for not revealing the local and international connections of Iranian businessman Babak Zanjani, whose death...
Business

Ankara mayor blames Gülen for son’s defeat in chamber of commerce election

Melih Gökçek, the mayor of Turkey’s capital province of Ankara, has blamed the Gülen movement for the defeat of his son, Osman Gökçek, in...
Business

Erdoğan renews call for lowering interest rates

Turkey’s President Recep Tayyip Erdoğan on Saturday renewed his call for lowering interest rates, a few days after the central bank decided to hold...
Business

Yıldız Holding sells 21 pct stake in Ülker to UK subsidiary

As the Turkish government continues to confiscate private businesses on alleged charges of terrorist links, food giant Yıldız Holding announced on Friday that it...
Business

Turkey opens underwater tunnel linking Europe to Asia

A major underwater tunnel linking İstanbul’s European and Asian sides was opened Tuesday by President Recep Tayyip Erdoğan and Prime Minister Binali Yıldırım. The Avrasya...
Business

Turkey’s central bank holds rates despite tumbling lira

Turkey’s central bank, in an unexpected move, held interest rates steady, defying the already historically low Turkish lira on Tuesday. The main rates -- overnight...
Business

Turkish President Erdoğan, Qatari Emir al-Thani inaugurate new stadium

Qatari Emir Sheikh Tamim bin Hamad al-Thani and Turkish President Recep Tayyip Erdoğan inaugurated a new football stadium in Turkey's Black Sea province of...
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