Turkey - AL-MONITOR: The Middle Eastʼs leading independent news source since 2012

Turkey

Turkey

November 12, 2026

Ankara 12:50 pm

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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

Members of the Lebanese Civil Defence stand in the sea near a Lebanese flag during a protest in Beirut April 9, 2014. Workers from public sectors went on strike on Wednesday to demand more rights. REUTERS/Sharif Karim (LEBANON - Tags: POLITICS CIVIL UNREST) - RTR3KJCX

Lebanon’s new pulse

In the shadow of the Syrian war, Lebanon may be discovering a new social contract.

A woman shields her face from tear gas during clashes between students, who are supporters of the Muslim Brotherhood and ousted President Mohamed Mursi, and riot police in Cairo University at Kasr El Aini street in downtown Cairo April 9, 2014. REUTERS/Amr Abdallah Dalsh (EGYPT - Tags: POLITICS CIVIL UNREST EDUCATION) - RTR3KL3Q

Who betrayed Egypt’s revolution?

Egyptian activists struggle to determine who is to blame for Egypt’s predicament, and how to set the revolution, and the country, back on track.

Children are seen in computer class at the Fatih College in Istanbul April 16, 2008. The 640-pupil school is run by followers of Fethullah Gulen, a Turkish Muslim preacher who advocates moderate Islam rooted in modern life, and whose teachings have inspired millions of Turks to forge a powerful socio-religious community active in publishing, charity and above all education. The Gulen movement has built up a network of some 800 schools around the world, teaching a full curriculum but with a strong focus on s

Turkish schools abroad victims of AKP-Gulen conflict

The struggle between the AKP and the Gulen movement threatens more than 2,000 Turkish schools abroad, which have been seen as the country's most "valuable export commodity" and a "source of prestige."

Protesters hold placards depicting Turkey's Prime Minister Tayyip Erdogan as a cat during a demostration in front of the Supreme Electoral Board (YSK) in Ankara April 2, 2014. Riot police set up barricades as Turks continued to protest, demanding a partial recount in national polls that saw Prime Minister Tayyip Erdogan's ruling party sweep the electoral map. The placards read, "cat enters the transformer unit", referring to a statement by Energy Minister Taner Yildiz blaming cats for the reason behind the

Erdogan’s quixotic battle against social media

The Turkish prime minister’s battles with Twitter and YouTube undermine his government’s international credibility.

Turkey's President Abdullah Gul (R) and Turkey's Prime Minister Recep Tayyip Erdogan attend a delivery ceremony for the first nationally designed combat ship TCG Heybeliada at the Tuzla Naval shipyard in Istanbul September 27, 2011. REUTERS/Osman Orsal (TURKEY - Tags: POLITICS MILITARY) - RTR2RWLG

Turkey's doctrine of pre-emptive authoritarianism

Prime Minister Recep Tayyip Erdogan’s “iron will” is tailor-made for a political culture in which concession is condemned as weakness and authoritarianism is praised as the only way to deal with opponents.

U.S. Secretary of State John Kerry climbs up the stairs of the plane to leave Tel Aviv April 1, 2014. Kerry met Israeli Prime Minister Benjamin Netanyahu for the second time in less than 12 hours on Tuesday in an effort to salvage stalled peace talks with the Palestinians. Kerry broke into his travel schedule on Monday for a flying visit to Jerusalem and headed back to Europe again after his early morning discussions with Netanyahu. REUTERS/Jacquelyn Martin/Pool (ISRAEL - Tags: POLITICS) - RTR3JFGX

Kerry's possible failure opens new, dark era in peace talks

Even Menachem Begin did not support annexation of West Bank lands.

Turkey's Prime Minister Tayyip Erdogan, flanked by his deputy Besir Atalay (L) and Energy Minister Taner Yildiz (R), speaks during a news conference at Ataturk International airport in Istanbul April 4, 2014. Turkish Prime Minister Tayyip Erdogan called on Friday for the central bank to cut interest rates, sending the lira lower, and said he favoured keeping a three-term limit for ruling party deputies, suggesting he may run in August presidential polls. In his first public comments since a victory speech a

Erdogan pushes for interest rate cut

Boosted by his party's performance in municipal elections, Turkish Prime Minister Recep Tayyip Erdogan has renewed pressure on the Central Bank to cut interest rates, but the bank fears premature cuts amid rising inflation could destabilize the economy.

'Halal beer' flops in Turkey

Turkish consumers reject even nonalcoholic beer for various cultural reasons.

Oman's Sultan Qaboos bin Said (R) walks with Iran's President Hassan Rouhani upon Rouhani's arrival in Muscat March 12, 2014. REUTERS/Sultan Al Hasani (OMAN - Tags: POLITICS ROYALS) - RTR3GQAH

Gulf states should form regional bloc with Iran

Arab Gulf states can no longer ignore Iran’s vital role in bringing stability to the Gulf region, and should work on establishing a security and economic arrangement with Tehran.

Supporters of deposed President Mohamed Mursi demonstrate as they slow drive through central London August 17, 2013. Supporters of Mursi fought a gunbattle with security forces in a Cairo mosque on Saturday, while Egypt's army-backed government, facing deepening chaos, considered banning his Muslim Brotherhood group. REUTERS/Luke MacGregor (BRITAIN - Tags: CIVIL UNREST POLITICS RELIGION) - RTX12OXK

Will UK list Muslim Brotherhood as terror group?

Britain’s announced inquiry into the Muslim Brotherhood’s activities might be an attempt to appease its Gulf allies without offering any tangible changes.

A poster showing Turkish Prime Minister Recep Tayyip Erdogan is seen next to a hanging clock during a rally of the Justice and Development Party (AKP) in the Maltepe district at the asia side of Istanbul on March 29, 2014. Turkey gears up for local elections on March 30 ahead of a presidential vote in six months and parliamentary polls next year. Erdogan and his Islamic-leaning party, after over a decade in power, face the first electoral test following months of political turmoil, with mass street protests

Erdogan presidency no foregone conclusion

Turkish President Abdullah Gul still holds the key to how Turkey will be governed, even if Recep Tayyip Erdogan runs and wins, which may not be a foregone conclusion.

Russian President Vladimir Putin (R) and Israel's Prime Minister Benjamin Netanyahu take part in a joint news conference in Moscow's Kremlin November 20, 2013. Putin said after talks that both sides hoped a "mutually acceptable resolution" could soon be found over Iran's nuclear ambitions. REUTERS/Maxim Shemetov (RUSSIA - Tags: POLITICS) - RTX15M32

Israel-Russia ties strong despite Ukraine

Both Israel and Russia value their growing strategic relationship.