Explainer Turkey’s $18B Ponzi-like scandal likened to Madoff as arrests mount Turkey detained 14 more people Tuesday as authorities widened a probe into one of the country's largest investment-fund scandals. Turkey
Analysis With Hurjet test, Turkey seeks defense dominance beyond drones With export revenue from the supersonic crewed aircraft, Ankara plans to fund next-generation projects and gain strategic diplomatic and military leverage across NATO and the region. By Barin Kayaoglu In Ankara, reporting on geopolitics and national security
Turkey’s Fidan heads to Libya as US-backed unification push gathers pace The Turkish foreign minister will hold talks in both Tripoli and Benghazi as Ankara seeks to preserve its military, maritime, energy and commercial interests while Washington pushes Libya’s rival camps toward a power-sharing arrangement. Turkey
Analysis How Turkey is deepening energy and economic ties with Iraq as Iran weakens Turkey and Iraq are accelerating energy, infrastructure and trade cooperation as the Hormuz crisis increases the strategic value of northern export routes. By Barin Kayaoglu In Ankara, reporting on geopolitics and national security
Analysis Iran war puts Turkey’s inflation fight, lira under fresh pressure By Barin Kayaoglu In Ankara, reporting on geopolitics and national security
Turkey’s economy stands to suffer from euro’s downturn The ramifications of the euro’s slide threaten to further stoke Turkey’s currency woes and soaring inflation. Turkey
Turkey looks to import gas from Turkmenistan, test exports to Bulgaria Turkey and Turkmenistan are working on a gas deal that will likely extend to Europe in a bid to reduce Western dependency on Russian gas. Turkey
Turkey’s runaway inflation soars to near 79% The Turkish government’s continued failure to stabilize the battered lira raises the prospect of inflation topping 100% in the fall. Turkey
Ankara forces companies to sell hard currency as circle tightens The Turkish government’s latest loan restriction may help the embattled lira recover to some extent, but not without the risk of damaging side effects. Turkey
Currency shocks, wild inflation mark Erdogan’s time as executive president Turkey’s currency has lost 73% of its value against the dollar since Erdogan assumed sweeping executive powers in 2018 and remains prone to fresh shocks amid growing economic fragilities. Turkey
US deputy treasury secretary in Turkey to warn against evading Russian sanctions In a visit to Ankara Wednesday, US Treasury Deputy Secretary Wally Adeyemo plans to remind Turkey that anyone evading US sanctions against Russia will be held accountable. Turkey
Turkey’s growing current account gap exacerbates lira weakness A widening current account deficit, coupled with $181 billion in short-term external debt liabilities and plunging foreign investments, portend further currency woes for Turkey. Turkey
Turkish consumer inflation soars to 73.5% Turkey’s May consumer inflation came in lower than expected, but newly announced gas and electricity hikes bode a renewed resurge in prices across the board. Turkey
Could Turkey-Israel rapprochement lead to gas agreement? The Cyprus conflict stands as a major stumbling block before potential plans to carry Israeli gas to Europe via Turkey. Turkey
Visiting Israel, Turkish foreign minister rehabilitates bilateral ties After two years of Turkish courtship, and with Turkish Foreign Minister Mevlut Cavusoglu now on a historic visit to Israel, Jerusalem is willing to rehabilitate bilateral relations. Israel
Turkey's foreign policy reset sign of Brotherhood's dwindling influence In addition to economic concerns, the Muslim Brotherhood's dwindling influence in the region and new regional order emerged after the Abraham Accords forced Ankara to mend ties with Egypt. Turkey
Turkey’s middle class priced out of home ownership Buying a home has become an elusive dream even for middle-class professionals in Turkey as the country’s economic woes erupt into a perfect storm over the housing market. Turkey
