Turkey: Flash floods kill 3, paralyze Istanbul after record downpour Heavy rains stranded hundreds, blocking major roads and disrupting air and public transportation, flooding buildings and forcing school closures across Istanbul province. Turkey
Analysis Pragmatic politics: Why Turkey avoids blaming Russia for Black Sea attacks Beyond economics, Ankara’s approach is also shaped by maintaining its role as an indispensable mediator between the Kremlin and the West. By Barin Kayaoglu In Ankara, reporting on geopolitics and national security
Erdogan aide named suspect in Turkey financial scandal Former AKP deputy chairwoman Fatma Betul Sayan Kaya is facing allegations of being linked to a market manipulation scandal. Turkey
Analysis Turkey’s $20B fund crisis: Who profited, and who will pay? Opposition parties are demanding immediate government compensation for affected investors, who face up to a six-month wait as independent banks oversee the asset liquidations. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Analysis Can Turkey’s Bashiqa withdrawal pave the way for deeper Iraq ties? By Barin Kayaoglu In Ankara, reporting on geopolitics and national security
Turkey logs $674M account surplus, breaking 20 month deficit Turkey posted a current account surplus in June for the first time since October 2021. Turkey
Turkish Airlines posts $635m Q2 profit, capacity exceeds pre-COVID levels While global airlines lost nearly $170 billion to the 2020 pandemic and the industry as a whole still is not making a net profit, Turkish Airlines managed to make $2.7 billion in profit in 2022. Turkey
In first foreign policy speech, Turkey's FM asks NATO to be 'considerate,' slams PKK Laying out Turkey's foreign policy priorities, Hakan Fidan set forth a national security-oriented agenda, striking a more hawkish tone on the Kurdistan Workers Party while softening his language on regional ties. Turkey
Turkey’s new economy team wins over foreign investors Turkey’s economy czar and central bank chief have met with foreign investors amid a fresh push to draw foreign funds. Turkey
Turkey appoints first female admiral as part of military overhaul The overhaul in the Turkish army's top brass seems to be in line with Erdogan's long-term foreign policy and security agenda, a prominent analyst says. Turkey
Foreign investors buy $179m in Turkey's stocks amid Erdogan's economic reset Foreign investors bought $179 million in local equities last week, an eighth straight week of inflows, according to the latest data from the Turkish Central Bank. Turkey
Turkey’s annual inflation hits nearly 50% in July The spike marks the end of an eight-month downtrend in annual consumer prices as Turkey grapples with one of its worst cost-of-living crises. Turkey
Turkey, Egypt seek to boost mutual trade by 50% in 5 years In the first visit of its kind in a decade, Egypt's trade and industry minister traveled to Turkey on Tuesday. Turkey
Analysis Expanded UK-Turkey trade deal seen as win-win, could include services The current deal does not account for services, which form integral parts of the British and Turkish economies. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Erdogan taps ex-NY Fed official as Turkey's deputy Central Bank head In a major reshuffle, the Turkish president has dismissed all three deputy Central Bank governors as his government ramps up efforts to regain the confidence of Western investors. Turkey
Turkey’s Central Bank raises year-end inflation forecast to 58% Turkey’s new Central Bank Governor Gaye Erkan reiterated the bank’s commitment to tighter monetary policy, but maintained that the shift would be gradual. Turkey
Turkey's Erdogan, Fidan talk economic ties with China's foreign minister Despite the growing rapprochement between Ankara and Beijing, conflicts, long mistrust and economic rivalry will likely limit the extent of cooperation between Turkey and China, analysts believe. Turkey
