Investors outside of Turkey need to pay attention to a plunging lira as the country burns through its foreign-exchange reserves.
Erdogan says Turkey has resumed drilling in eastern Mediterranean
NATO members Turkey and Greece have long been at loggerheads over overlapping claims for hydrocarbon resources.
Turkey’s Perilous Game With Markets Reaches a Crossroads
Investors in Turkey are no strangers to volatility that for years has plagued one of the Middle East’s largest economies. But not everyone may stick around this time.
Erdogan says Turkey restarted drilling in eastern Mediterranean
President Tayyip Erdogan said on Friday that Turkey had resumed drilling operations in the eastern Mediterranean as Greece had not kept its promises regarding energy exploration in the region. NATO …
Turkey keen to work for dev of SME sector in Bangladesh
Turkey has expressed interest to work for the development of Small and Medium Enterprises (SMEs) in Bangladesh.”Turkey is interested in working for the development of SMEs in Bangladesh. Turkey has a …
Azerbaijan invests significant funds in Turkey’s petrochemical complex
Azerbaijan has invested significant funds in the Turkish Petkim petrochemical complex, owned by the State Oil Company of Azerbaijan (SOCAR), and this is yielding successful results, Trend reports …
Global Investment Banks to Be Exempted From Turkey’s Lira Limits
Turkish authorities are working on a plan to exempt global investment banks from some restrictions on swapping foreign exchange for liras after easing access for international development banks, …
Turkey’s tumbling lira tests Erdogan’s rate resolve
Turkish central bank head Murat Uysal has stuck to the rate-cutting script since President Tayyip Erdogan hired him to lift Turkey out of a recession and currency crisis.
EBRD and IFC to Boost Lira Loans After Turkey Relaxes Swap Rules
The European Bank for Reconstruction and Development and the International Finance Corp. will likely extend more lira loans to Turkish companies after the government exempted such institutions from …
US Action Against IS Financier Shows Jihadists’ Cash Flow Continues from Turkey
The U.S. designation last week of a new Turkey-based member of the notorious Rawi Network for allegedly facilitating money transfers to the Islamic State (IS) in Syria has raised fresh concerns among …