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Turkey

Turkey

November 12, 2026

Ankara 9:40 am

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People walk past a Bitcoin sign at the entrance of a cryptocurrency exchange office on Nov. 8, 2024, in Istanbul, Turkey.

Watchdog urges Turkey to tighten digital asset rules for $144B crypto economy

A review of Turkey’s crypto-asset regulations by the Financial Stability Board acknowledged significant progress made by local authorities but called for further measures to address potential risks.

Turkish President Recep Tayyip Erdogan (L) and Central Bank Governor Sahap Kavcioglu attend a signing ceremony with Abu Dhabi’s crown prince, Sheikh Mohammed bin Zayed Al Nahyan at the Presidential Complex in Ankara on Nov. 24, 2021. ADEM ALTAN/AFP via Getty Images

Turkey’s banking watchdog chief submits resignation amid fund scandal

Turkey’s government is facing growing criticism over regulators’ failure to prevent a fund scandal involving more than $20 billion.

Chris McGrath/Getty Images

Explainer

Iran war pushes up coal use, complicating Turkey’s COP31 pledge

Turkey is asking world leaders at COP31 to back a global push to use more electricity, even as the Iran war has driven up natural gas prices and pushed some power producers back to coal.

Latest News

Turkey bars MP’s wife from travel after his fund scandal criticism: What to know

OZAN KOSE/AFP via Getty Images

Steel factory explosion in western Turkey kills at least 16

A steel worker works in front of giant iron melting pot in Kardemir Iron and Steel Factory in Karabuk, northwestern Turkey, Aug. 26 2005. (TARIK TINAZAY/AFP via Getty Images)

Analysis

Will Democrats block Trump’s push to deliver Turkey F-35s, lift sanctions?

MEHMET ESER/Middle East Images/AFP via Getty Images

Barin Kayaoglu

By Barin Kayaoglu

In Ankara, reporting on geopolitics and national security

Samuel Wendel

Senior Analyst, Middle East Business & Tech

In Washington, DC, reporting on regional business and tech

Amberin Zaman

Chief Correspondent

Reporting on geopolitics, minorities, human rights, culture

Jack Dutton

Chief Business Correspondent

In Bristol, reporting on regional business, climate change, AI, tech

Ezgi Akin

Associate Editor (Turkey)

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

Francesco Schiavi

In Bologna, reporting on security, defense, economy, governance

Barin Kayaoglu

In Ankara, reporting on geopolitics and national security

A Turkish woman walks past a national lottery ticket seller offering tickets in Istanbul for the New Year draw with a highest ever prize. A Turkish woman walks past a national lottery ticket seller offering tickets for the New Year draw with a prize of 15 trillion TL ($10.4 million) for only one person, highest ever in its kind, in central Istanbul's busy shopping district of Beyoglu December 14, 2004. EU leaders are widely expected to agree at a summit on - RTR15CVO

Turkey hits jackpot by privatizing gambling

Turkey’s government has decided to privatize all games of chance, driven both by religious motives and financial woes.

Turkish soldiers are seen on top of an armoured vehicle, with the Syrian town of Kobani in the background, near the Mursitpinar border crossing on the Turkish-Syrian border, in the southeastern Turkish town of Suruc in Sanliurfa province October 3, 2014. Kurdish fighters defending a Syrian border town warned on Friday of a likely massacre by Islamic State insurgents as the Islamists encircled the town with tanks and bombarded its outskirts with artillery fire. Turkey said it would do what it could to preven

Assad, not Islamic State, in Ankara’s crosshairs

Turkish Prime Minister Ahmet Davutoglu is trying to convince Washington that the real enemy is the Syrian regime, but appears to be failing to do so as the US-led coalition keeps its focus on the Islamic State.

A Kurdish flag and a Islamic State flag flutter on each end of the Mullah Abdullah bridge in southern Kirkuk September 29, 2014. Members of the Kurdish security forces and the Islamic State are holding fort behind sandbags on different ends of the bridge. REUTERS/Ako Rasheed (IRAQ - Tags - Tags: POLITICS CIVIL UNREST CONFLICT) - RTR4884H

Can PKK transform military might into political power?

As regional developments open new military and political arenas to the PKK, it is unlikely that the Turkish peace process will end with the Kurds disarming.

Turkey's President Tayyip Erdogan addresses the Turkish Parliament during a debate marking the reconvene of the parliament in Ankara October 1, 2014. Turkey will fight against Islamic State and other "terrorist" groups in the region but will stick to its aim of seeing Syrian President Bashar al-Assad removed from power, Erdogan said on Wednesday. REUTERS/Umit Bektas (TURKEY - Tags: POLITICS) - RTR48IMI

Erdogan's slow turnaround on foreign fighters in Syria

US Vice President Joe Biden says "our biggest problem is our allies" in combating foreign fighters; Aleppo battle lines so far unaffected by airstrikes; Israel considers threat from Islamic State.

Protesters demonstrate in front of the Turkish Parliament in Ankara October 2, 2014. The protest was held hours before a debate for MPs to vote on a motion, which would allow the government to authorise cross-border military incursions against Islamic State fighters in Syria and Iraq, and allow coalition forces to use Turkish territory. The placard (in black) reads, "Occupiers always lose." The shirts read (from L-R), "We are demonstrating against barbarism" and "We are on a hunger strike for the safety of

AKP base divided on Turkey's vote to join coalition

Pro-government commentators have raised questions over Turkey’s participation in a US-led coalition, while the latest polls show Turks are split on what their country's role should be in fighting the Islamic state.

A photo illustration taken in Istanbul shows a U.S. 100 dollar banknote against Turkish lira banknotes of various denominations January 7, 2014. Turkey's lira slipped against the U.S. dollar on Wednesday as the government bond yield curve, which had briefly inverted on Tuesday because of speculation about an emergency rate hike to rescue the currency, returned to a positive slope. Picture taken January 7, 2014. REUTERS/Murad Sezer (TURKEY - Tags: BUSINESS) - RTX1761T

Turkish markets undergo two-month slump

A series of domestic and external risks, coupled with the global surge of the dollar, spur an alarming downturn in the Turkish economy.

Grand Mufti of Turkey Mehmet Gormez shakes hands with a onlooker after an inauguration ceremony in front of the Gazi Husrev Begova mosque in Sarajevo, November 15, 2012. Newly elected Husein Kavazovic is the 14th Grand Mufti of the Islamic Community in Bosnia and Herzegovina and will be on duty over the next seven years. REUTERS/Dado Ruvic (BOSNIA AND HERZEGOVINA - Tags: SOCIETY RELIGION) - RTR3AFY0

Secular Turkey to build an 'International Islamic University'

Turkey’s International Islamic University could be a meaningful contribution to the Islamic world, but only if it is not dominated by the ultra-conservative school of jurisprudence and theology.

Turkish army special force members stand guard during the EFES-2010 military exercise in Izmir May 25, 2010. REUTERS/ Osman Orsal (TURKEY - Tags: MILITARY) - RTR2ECRC

Are Turkish troops trapped at Syrian tomb?

Turkish troops guarding the Tomb of Suleiman Shah, a Turkish enclave in Syria, are facing increased risks as Ankara refuses to evacuate them.

Turkey's President Recep Tayyip Erdogan (C) and U.S. Secretary of State John Kerry (R) leave a meeting at the president's office in Ankara September 12, 2014. Kerry met Turkish leaders on Friday to try to win support for U.S.-led military action against Islamic State, but Ankara's reluctance to play a frontline role showed the difficulty of building a coalition for a regional war. REUTERS/Brendan Smialowski/Pool (TURKEY - Tags: POLITICS) - RTR460SA

High stakes for Erdogan in fight against IS

Turkish President Recep Tayyip Erdogan turns hawkish on the Islamic State, but he is aware that the stakes are high if Ankara joins the war against the group.

Exclusive: PKK commander threatens to resume war

In an exclusive interview, the Kurdistan Workers Party's (PKK) top military commander, Cemil Bayik, says that Turkey has sabotaged the peace process and the PKK is ready to resume open conflict.

Turkey's Deputy Prime Minister Ali Babacan makes a speech during the Istanbul Finance Summit in Istanbul Septemer 16, 2014. Turkey stepped up its criticism of credit rating agencies on Tuesday, with President Tayyip Erdogan warning it could cut ties with Moody's and Fitch and his prime minister saying the country did not have the ratings it deserves. Deputy Prime Minister Babacan, who is responsible for overseeing the economy, joined the chorus, telling a finance conference in Istanbul that objective evalua

Turkey threatens credit rating agencies

Turkey’s top leaders have threatened to cancel the contracts of credit rating agencies Fitch and Moody’s as financial markets get nervous at the prospect of Turkey being downgraded.

A man smokes his waterpipe at the Galata bridge in Istanbul, April 8, 2014. REUTERS/Osman Orsal (TURKEY - Tags: SOCIETY) - RTR3KG89

Turks dislike Islamic State, but would leave fight to others

A recent survey by Metropoll, a prominent Turkish polling company, indicates that only 1.3% of Turks are sympathetic toward the Islamic State.