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  • Inflation-Scarred Consumers Fire Up Turkey’s Economy by Spending

    Turkey’s economy lurched forward at a faster rate than expected, as the highest inflation in 24 years prompted consumers to bring forward purchases in anticipation of steeper prices ahead.

  • Why Turkey’s Elections Matter for the Gulf

    With the country’s escalating economic woes and Erdogan’s increasing unpopularity, Turkey’s opposition is gaining traction as it seeks to gain control of the government in the upcoming elections. As the country is experiencing growing currents of nationalism, xenophobia, and anti-Arab sentiment, the opposition has vowed to reexamine Turkey’s relationship with the Gulf.

  • Turkey: Crashes At Emergency Sites Kill At Least 35 People

    Saturday's tragedies happened just 250 kilometers (155 miles) apart in southern Turkey. The first happened on the highway between Gaziantep and Nizip when a passenger bus collided with emergency teams that had responded to a crash in Mardin Province, west of Derik.

  • A backlash against immigrants as Turkey’s economy suffers

    A surge in anti-immigrant sentiment over the past year in Turkey has brought deadly assaults on refugees and mob attacks on immigrant neighborhoods — a perilous turn for Turkey, which once took pride in extending a welcome to Syrians, and hosts at least 4 million refugees and asylum seekers, more than any country in the world.

  • Abu Dhabi’s IHC Plans to Invest Billions in India, Indonesia, Turkey, More

    International Holding Co. plans to invest billions of dollars in markets including Indonesia, Colombia, Turkey and India as the United Arab Emirates firm controlled by the country’s national security adviser steps up its breakneck expansion. IHC, the UAE’s most valuable listed firm, will target sectors such as food, infrastructure and health care across these countries and investments will range from $1 billion to $5 billion depending on the country and opportunity, Chief Executive Officer Syed Basar Shueb said in an interview.

  • Israel and Turkey restore full diplomatic relations

    Israel and Turkey are restoring full diplomatic relations, Israeli Prime Minister Yair Lapid announced in a statement on Wednesday. The two countries will now trade ambassadors. The decision comes after Lapid's visit to Ankara and his meetings with Turkish Foreign Minister Mevlut Cavusoglu, and his conversation with President Recep Tayyip Erdogan. "In light of the positive developments in Israel-Turkey relations over the past year, the two countries decided to return to full diplomatic representation," the statement said.

  • Turkey says ship carrying first Ukrainian grain on track for safe arrival

    The first ship carrying Ukrainian grain to world markets since Russia's invasion blocked exports more than five months ago is on track to safely arrive in Istanbul on Tuesday night, Turkey said, amid Ukrainian fears it could still run into problems. The vessel's departure on Monday from the Ukrainian port of Odesa for Lebanon via Turkey under a safe passage deal has raised hopes of further such departures which could help ease a burgeoning global food crisis.

  • Russia Is Wiring Dollars to Turkey for $20 Billion Nuclear Plant

    The project has received finance from Russia’s biggest lender, Sberbank PJSC, which has been sanctioned by the US and European Union, and also from Sovcombank, also sanctioned. Rosatom, the sole owner of the Turkish project, and its subsidiary that’s building plant haven’t been sanctioned.

  • At UN, Iraq and Turkey escalate dispute over deadly attack

    A dispute between Iraq and Turkey over a recent deadly attack in Iraq’s northern Kurdish region escalated at an emergency meeting of the U.N. Security Council on Tuesday. Iraq’s foreign minister demanded the withdrawal of all Turkish troops from his country, while Turkey’s deputy ambassador said his government will keep pursuing fighters it considers terrorists who take refuge in Iraq.

  • Turkey’s Diplomatic Success with Russia and Ukraine

    “The UN and Turkey have been working for two months to broker an agreement over the blocked grains. Before last week's talks in Istanbul, diplomats said details of the plan included Ukrainian vessels guiding grain ships in and out through mined port waters while Turkey—supported by the UN—would inspect ships to allay Russian fears of weapons smuggling. All the while, Russia would agree to a truce while shipments move.”