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Turkey to auction Islamic lender shares after controversial seizure

Turkey will auction the shares of local Islamic lender Bank Asya following a controversial seizure in May 2015, the state-run Savings Deposit Insurance Fund...
Business

İstanbul records lowest hotel occupancy rate in 10 years

Hotel Association of Turkey (TÜROB) has said in a report -- based on data from STR Global – that hotel occupancy rates in İstanbul...
Business

Report:  91 Turkish citizens included in Zarrab’s case

At least 91 Turkish citizens were included in a case in which an Iranian-born Turkish businessman, Reza Zarrab is tried on charges of evading...
Business

Security threats in Turkey, others hit Thomas Cook’s summer bookings

The UK-based travel operator Thomas Cook said Thursday that its summer bookings fell amid declining interest in holidays in Turkey, Tunisia and Egypt as...
Business

US attorney rejects Turkish businessman Zarrab’s request for 50 million dollar bail

A New York attorney rejected Thursday 50 million dollar bail request of the Iranian born Turkish businessman Reza Zarrab, who was arrested in the United...
Business

Istanbul needs long-term strategy to facilitate mobile taxi services

There may be little room left in Istanbul’s roads to fit more cars but the city has a big potential to make the best...
Business

Unemployment rate rises to 11-month high in Turkey

Turkey's unemployment rate rose to an eleven-month high of 11.1 percent in January from 10.8 percent in December, the Turkish Statistics Institute (TurkStat) has...
Business

One million people applied for unemployment benefits in 2015, minister says

As many as 1.086 million people in Turkey who lost their jobs applied to  Turkish Employment Organization (İŞKUR) in 2015 in order to receive...
Business

Turkey appoints Murat Çetinkaya as new Central Bank governor

Murat Çetinkaya has been appointed as the new governor of Turkey’s Central Bank, a government spokesperson announced on Monday. Justice and Development Party (AK Party)...
Business

Moody’s affirms Turkey’s Baa3 credit rating, maintains negative outlook

US-based credit rating agency Moody's announced on Friday that its keeps Turkey’s credit rating and maintains the negative outlook. In a December announcement, Moody's said...
Business

Zanjani allegedly admitted to having paid $8.5 billion as bribe in Turkey

Billionaire Babek Zanjani, an Iranian businessman currently sentenced to death by an Iranian court on corruption charges, allegedly admitted to paying $8.5 billion as...
Business

US attorney says Zarrab declined to seek bail, to be taken to New York

A US attorney who is involved in a case filed against Reza Zarrab, an Iranian businessman at the center of a corruption and bribery...
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