Turkish economy

Iranian Foreign Minister Abbas Araghchi (R) speaks with Turkish Foreign Minister Hakan Fidan (L) during the 51st session of the Council of Foreign Ministers of the Organization of Islamic Cooperation in Istanbul, on June 21, 2025.

Analysis

Turkey braces for Iran fallout: Trade disruptions, refugees and shifting geopolitics

Turkey is urging restraint between Tehran and Washington as unrest in Iran and the US president's threats heighten fears in Ankara of disrupted trade routes, refugee flows and a regional shift that could strengthen Israel.

Barin Kayaoglu

By Barin Kayaoglu

In Ankara, reporting on geopolitics and national security

Turkey's Foreign Minister Hakan Fidan listens to Iran's foreign minister during a joint press conference, in Tehran on Nov. 30, 2025.

Turkey's Fidan to visit UAE as Iran unrest, Gulf tensions intensify

The top Turkish diplomat’s UAE visit coincides with heightened Gaza diplomacy, growing tensions between Riyadh and Abu Dhabi, and escalating unrest in Iran.

Turkish President Recep Tayyip Erdogan (L) gestures as he welcomes Crown Prince of Saudi Arabia Mohammed bin Salman (R) during an official ceremony at the Presidential Complex in Ankara, on June 22, 2022.

Analysis

Amid Saudi-UAE rivalry, Turkey courts Riyadh without crossing Abu Dhabi

Turkey is moving closer to Saudi Arabia on key regional security files from Yemen to Gaza, while carefully avoiding a rupture with the United Arab Emirates.

Ezgi Akin

In Ankara, reporting on diplomacy, EU-Turkey ties, NATO

ADEM ALTAN/AFP via Getty Images

Erdogan denies Turkey informed of US exile offer for Maduro prior to capture

While denying knowledge of a US exile plan for Nicolas Maduro, the Turkish president has been reluctant to directly criticize Washington over the Venezuelan leader’s capture.

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Analysis

Turkey casts Israel’s Somaliland move as overreach, but Somalia’s fragility poses risks

Somalis celebrate the victory of Turkish President Recep Tayyip Erdogan after he won the presidential run-off election during the celebration organized by the government in Mogadishu, on May 29, 2023.

Barin Kayaoglu

By Barin Kayaoglu

In Ankara, reporting on geopolitics and national security

Australian LNG deal marks latest step in Turkey's energy diversification push

Dan Kitwood/Getty Images

Analysis

What Turkey wants from Iraq to renew pipeline deal

A worker turns a valve at the Shirawa oil field, where oil was first pumped in Iraq in 1927, outside the northern city of Kirkuk, Jan. 19, 2004.

David O'Byrne

By David O'Byrne

Turkey, US push toward $100B trade goal as Bolat heads to Washington

U.S. President Donald Trump (R) shakes hands with President of Turkey Recep Tayyip Erdogan in the Oval Office at the White House on September 25, 2025 in Washington, DC. Trump has signaled that the U.S. might lift a ban on F-35 sales to Turkey during Erdogan's first visit to the White House since 2019. (Photo by Andrew Harnik/Getty Images)

A fisherman sells his fish at a public market where customers shop in the historical district of Ulus in Ankara on December 30, 2022. (Photo by ADEM ALTAN/AFP via Getty Images)

Turkey's economy grows 5.6% in 2022, but labor’s income share shrinks

In a sign of deepening income disparities, the share of Turkey’s labor force from the national income has dropped to 26.5%, a far cry from 36% in 2016.

People fish from the Galata bridge, near Suleymaniye mosque (backround) in the Eminonu district of Istanbul, on January 10, 2023. (Photo by OZAN KOSE/AFP via Getty Images)

Scientists: Time running out to save Istanbul from major earthquake

Seismologists are calling for urgent measures to prepare Istanbul for a major earthquake expected in the near future, warning of catastrophic destruction in Turkey’s most populous city and economic capital.

SAMEER AL-DOUMY/AFP via Getty Images

Turkey’s Central Bank slashes interest rates after devastating earthquakes

The move is likely aimed at weathering the fallout from the devastating earthquakes in accordance with the Turkish government's economy policy to prioritize economic growth at the expense of inflation.

A man sits atop a rolled-up tent in the garden of Yenimahalle Cemevi.

Turkey bans layoffs, introduces benefits, amid mounting earthquake failures

The Turkish government’s new decisions come amid mounting criticism over its failure to provide a timely and organized response to the killer earthquakes.

This aerial view shows collapsed buildings during the ongoing rescue operation in Hatay, southeastern Turkey, on Feb. 10, 2023.

Massive earthquake cost to deepen Turkey’s economic woes

The disaster response requires a significant increase in public spending to meet the needs of 13.5 million affected people and rebuild massive destruction, threatening to widen Ankara’s budget deficit.

A man waits for news of his loved ones, believed to be trapped under collapsed building on February 08, 2023 in Hatay, Turkey. A 7.8-magnitude earthquake hit near Gaziantep, Turkey, in the early hours of Monday, followed by another 7.5-magnitude tremor just after midday. The quakes caused widespread destruction in southern Turkey and northern Syria and were felt in nearby countries. (Photo by Burak Kara/Getty Images)

Turkey's earthquake spikes Europe's fears of Middle East flare-ups

The Turkish-Syrian border area at large remains one of the world’s geopolitical quagmires, a major epicenter of tensions and fault lines that run throughout the Middle East toward Europe.

Gilles Kepel

By Gilles Kepel

Syrians, displaced as a result of the deadly earthquake that hit Turkey and Syria two days ago, arrive to an open area on the outskirts of the rebel-held town of Jindayris on February 8, 2023. - A leading United Nations official called for the facilitation of aid access to rebel-held areas in Syria's northwest, warning that relief stocks will soon be depleted. Rebel-held areas near Turkey's border -- hard hit by the 7.8 magnitude earthquake that struck on Monday -- cannot receive aid from government-held pa

Earthquake death toll nears 20,000 as Turkey, Syria seek help

Hundreds of thousands more are injured or displaced as rescue workers race against time to free those who are trapped.

Sen. Chris Van Hollen (D-MD) made it clear that Congress will block the F-16s sale to Turkey, if Ankara doesn’t allow Finland and Sweden into NATO. Van Hollen speaking at the Baltimore and Potomac (B&P) Tunnel North Portal on January 30, 2023 in Baltimore, Maryland. (Photo by Drew Angerer/Getty Images)

Senator Van Hollen says no F-16s for Turkey if Sweden, Finland not admitted to NATO

The Democratic senator also discussed concerns about Israel’s new government, China’s inroads in the Gulf and more at the Al-Monitor PRO event.

An employee takes a box of medicines on shelves at a pharmacy in the Turkish capital Ankara on December 13, 2021. - Turkeys pharmacists have brought to light the struggle of many patients who need medicines to treat diseases like diabetes and childrens fevers but cannot find them. They say the crisis that has deteriorated because of the fall in the Turkish liras value. (Photo by ADEM ALTAN/AFP via Getty Images)

Turkey's medicine shortages could turn into 'drug famine' with no end in sight

In all Turkish pharmacies Al-Monitor visited recently, the drug shortage was palpable. Children's medicines, antibiotics, some cancer drugs top Turkey's long-unavailable drug list.

Bayraktar drone

Turkey’s defense exports reach record levels in 2022, Erdogan says

Turkey’s president is touting the country's defense exports, which have reached a record high.

Members of Muslim Uyghur minority present pictures of their relatives detained in China during a press conference in Istanbul, on May 10, 2022. (Photo by OZAN KOSE/AFP via Getty Images)

Turkey airs rare public criticism of China's treatment of Uyghurs

Turkey is openly criticizing China's treatment of the Uyghur minority as more tension emerges between Huawei and its Turkish partner telecom operator Turkcell.

ADEM ALTAN/AFP via Getty Images

2022 in review: Turkey wraps up year of regional resets but more whiplash ahead

As 2022 forced the Turkish government to reverse course with regional powers, this election year is expected to usher in even more change in Turkey’s foreign policy.