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

Turkey

Turkey

November 12, 2026

Ankara 1:05 pm

14°C

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

Turkish Prime Minister Tayyip Erdogan (L), accompanied by his son Bilal and daughter Sumeyye, greets his supporters at the AK Party headquarters in Ankara March 30, 2014. Tayyip Erdogan declared victory in local polls that had become a referendum on his rule and said he would "enter the lair" of enemies who have accused him of corruption and leaked state secrets. "They will pay for this," he said. Erdogan spoke from a balcony at his AK Party headquarters to thousands of cheering supporters as early results

Erdogan: political enemies will 'pay the price'

Turkish Prime Minister Recep Tayyip Erdogan, who saw the polls as a means of vindicating himself from corruption accusations, appears to be declaring war on the Gulen movement.

Demonstrators hold Kurdish and Syrian opposition flags during a protest against Syria's President Bashar al-Assad in Kobani, near Aleppo, July 16, 2012. Picture taken July 16, 2012. REUTERS/Shaam News Network/Handout (SYRIA - Tags: POLITICS CIVIL UNREST CONFLICT) FOR EDITORIAL USE ONLY. NOT FOR SALE FOR MARKETING OR ADVERTISING CAMPAIGNS. THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. IT IS DISTRIBUTED, EXACTLY AS RECEIVED BY REUTERS, AS A SERVICE TO CLIENTS - RTR350D5

Syrian Kurds blame Iran, Turkey for ISIS attacks

Syria's main Kurdish force, the Democratic Union Party, says that the ISIS battle with Syrian Kurdish groups is benefiting the Syrian government.

A woman casts her ballot inside a polling station during municipal elections in Istanbul March 30, 2014. REUTERS/Murad Sezer (TURKEY - Tags: POLITICS ELECTIONS) - RTR3J5TY

Why Turkey’s elections may not matter

Today’s election may have less of an effect in Turkey than many think, as electoral upsets have been relatively rare and their consequences limited.

Supporters of the ruling AK Party wear Prime Minister Tayyip Erdogan masks during an election rally in Konya, central Turkey, March 28, 2014. Erdogan pulled out of election rallies in central Turkey on Friday in order to rest his voice after weeks of campaigning around the country, his office said. Erdogan had difficulty speaking at rallies in southeast Turkey on Thursday ahead of Sunday's local elections. Turkey will hold municipal elections on March 30. REUTERS/Umit Bektas (TURKEY - Tags: POLITICS ELECTIO

Turkey a 'political war zone' on eve of elections

Turkey's leaders look to Syria as a distraction from the latest domestic political crisis; the US Congress considers new sanctions on Hezbollah; Al-Monitor expands coverage of Russia and the Middle East.

The Turkish-owned cruise liner Mavi Marmara is seen under maintenance at a shipyard in Istanbul April 21, 2013. An Israeli delegation will visit Turkey for the first time in three years in another sign of thawing relations since the U.S. brokered a breakthrough in March, but any further advancement in ties was expected to be incremental. Israel apologised to Turkey over the killing of nine Turks in a 2010 naval raid on a Gaza-bound flotilla, which included the Mavi Marmara, and the two agreed to normalise r

Is Turkish-Israeli reconciliation back on track?

The shifting regional picture may be forcing Israel and Turkey to rebuild ties, but only after Turkey’s elections on March 30.

A Palestinian member of the Al-Qassam brigades, the armed wing of the Hamas movement, gives a speech during a rally marking the 25th anniversary of the founding of Hamas, in Gaza City December 8, 2012. Hamas leader Khaled Meshaal, making his first ever visit to the Gaza Strip, vowed on Saturday never to recognise Israel and said his Islamist group would never abandon its claim to all Israeli territory. REUTERS/Ahmed Jadallah (GAZA - Tags: POLITICS ANNIVERSARY CIVIL UNREST MILITARY) - RTR3BCKX

Foreign journalists accuse Hamas of SMS threats

Hamas officials deny they had anything to do with the messages allegedly sent by the party's military wing, the Izz ad-Din al-Qassam Brigades.

A Palestinian boy waits with his family, hoping to cross into Egypt, at Rafah crossing between Egypt and the southern Gaza Strip February 4, 2014. Egyptian authorities partially opened the Rafah crossing, Gaza's main window to the world, on Tuesday for three days, Palestinian border officials said. Since July 2013, the authorities have kept the crossing largely closed; only opening it partially for humanitarian purposes. REUTERS/Ibraheem Abu Mustafa (GAZA - Tags: POLITICS SOCIETY IMMIGRATION TPX IMAGES OF T

Gaza patients suffer as Egypt keeps Rafah crossing closed

A sick Gaza toddler died in his parents' arms while waiting for the Rafah crossing to open to get specialized medical treatment abroad.

A boy walks past a bullet-riddled wall inside a house where Palestinian Hamas militant Hamza Abu Alhija was killed in the West Bank refugee camp of Jenin March 22, 2014. Israeli forces shot and killed four Palestinians on Saturday during a raid on the home in the occupied West Bank to capture Alhija, a wanted Hamas Islamist militant, the Israeli military said. Hamas supporters carried three bodies through the streets of the West Bank city of Jenin, shouting slogans against Palestinian President Mahmoud Abba

Jenin and Nablus refugee camps: enclaves of fear

The dire economic situation, coupled with disappointment in the Palestinian Authority, have turned West Bank refugee camps into enclaves of violence, led by armed youths from various organizations.

Free Syrian Army fighters stand at a former base used by fighters from the Islamic State in Iraq and the Levant (ISIL), after the ISIL withdrew from the town of Azaz, near the Syrian-Turkish border, March 11, 2014. Syrian refugees in this border outpost were delighted to hear their home town of Azaz had been liberated - not from Bashar al-Assad's troops but from al-Qaeda fighters who subjected them to a regime that included torture and public beheadings. For Syrians who three years ago rose up against 43 ye

ISIS emerges as threat to Turkey

Most Turks would prefer that Ankara step back from its current Syria policies and distance itself from any support for jihadist groups.

A Syrian Air Force fighter plane flies over the Syrian town of Ras al-Ain during an air strike, as seen from the Turkish border town of Ceylanpinar, Sanliurfa province November 13, 2012. A Syrian warplane struck homes in the town of Ras al-Ain on Tuesday within sight of the Turkish border, pursuing an aerial bombardment to force out rebels and drawing a new warning from Ankara. The second day of jet strikes sent Syrians scurrying through the flimsy barbed-wire fence that divides Ras al-Ain from the Turkish

Was shoot down of Syrian plane linked to Turkish elections?

Is it possible to disentangle the shooting down of a Syrian plane on March 23 from the Turkish local elections on March 30?

Supporters of Turkey's Prime Minister Tayyip Erdogan light flares during an election rally in Istanbul March 23, 2014. Erdogan, rallying hundreds of thousands of cheering supporters in Istanbul, said on Sunday that political enemies accusing him of corruption would be crushed by their own immorality. REUTERS/Murad Sezer (TURKEY - Tags: POLITICS ELECTIONS) - RTR3I986

Turkey shoots down Syrian plane as elections heat up

Turkey's political opposition warns Prime Minister Recep Tayyip Erdogan that "a thief cannot be a hero."

Fatwa emerges in Turkish corruption allegations

What is the role of political Islam in the allegations of corruption against the government of Turkish Prime Minister Recep Tayyip Erdogan?