Turkey
The Shanghai Cooperation Organization is coming of age
More than two and half decades after it was founded as a regional security organization to secure porous borders in the depths of Central Asia, the Shanghai Cooperation Organization (SCO) is coming of age as it expands its reach and agenda.
BEYOND THE BOSPORUS: Acquisitive arm of Turkish regime takes over ammunition maker Assan
Gulenism and espionage charges cited. TMSF now manages 858 companies.
Chinese carmakers lose ground in Turkey
Era of “price-performance dominance” appears to be fading, but giant EV maker BYD Auto is bucking the trend with surging sales.
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Turkey breaks ground on its section of the TRIPP rail corridor
Turkish project would help make TRIPP the go-to route for Middle Corridor freight.
Turkey’s “fast lane” transport minister hit with motorway speeding ticket
Abdulkadir Uraloglu posted video of himself driving at 225 km/h, with clip set to folk music and Erdogan speeches on infrastructure.
Mapping global drought risk - Statista
By 2050, more than 1.6bn people, including almost 20% of the African population, will be exposed to severe and extreme droughts, if a pessimistic scenario plays out, according to a report by INFORM Climate Change.
Turkey to re-try contested sale to US embassy of Ataturk Forest Farm land plot
In a complaint, the Ankara Chamber of Architects argued that the sale breached the legal testament of Mustafa Kemal Ataturk, founding father of modern Turkey.
Domestic FX loans extended by Turkish banks breaking records
Government's return to orthodox economic policies caused lira interest rates to surge. Companies turned to FX loans. Caps were introduced but lending still boomed.
Some positive movement on Borsa Istanbul, but tread with care
Stay wary of "moustaches" setting bull traps.
Digital brokerage firm Midas raises $80mn via largest fintech funding round in Turkey
Midas has raised an $80mn in a Series B funding round, which marked the largest investment round executed by a fintech company in Turkey, the digital brokerage platform said on August 19.
Turkey dismisses main opposition CHP mayor of Beyoglu district in Istanbul
Turkey’s interior ministry has dismissed Beyoglu mayor Inan Guney, who was detained on August 16 and officially arrested on August 18, the ministry said on August 19.
Heir to ‘richest Turk’ title reconciles with her father
Ipek Kirac in line to become biggest shareholder at Turkey’s largest conglomerate, Koc Holding.
Loathing in Turkey as ruling party MP's company scoops another tender
“No matter where you go in the world, it's unethical for someone to be a member of parliament and win public tenders,” says opposition lawmaker.
Istanbul-listed Karsan delivers first autonomous electric bus of its kind to Arbon in Switzerland
e-ATAK is the first full length autonomous bus in the world.
Turkey lavishes further fortunes on city hospital contractors
Officials ensure “custom” for giant complexes by shutting down more convenient local state facilities.
BEYOND THE BOSPOROS: Business as usual in Turkey as regime’s gangs get to work on “Bourse Ekrem”
For many targeted by judicial operations, there’s a going rate to buy freedom.
Turkey frees Croatian captain of coal bulk carrier found loaded with cocaine
Vessel arrived from Colombia. Turkish routes to Europe have become popular with drug-runners. Big diplomatic effort was launched to secure release of seaman.
Has Turkey entered “arms race” with Saudi Arabia for football prestige?
Galatasaray’s €75mn deal for striker Osimhen latest example of debt-ridden top Turkish clubs paying out mega bucks for players.
Turkey raises end-2025 official inflation forecast range to 25-29%
Seeking to show everything’s on track, economic team have tossed in a new term, “interim targets”