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Erdoğan threatens businessmen: Don’t take your money overseas

Amid claims that Turkey is facing an economic crisis, Turkish President Recep Tayyip Erdoğan on Saturday said they will not forgive those businessmen who...
Business

Erdoğan calls lira woes an attack on economy by Turkey’s enemies

The Turkish lira sank to record lows on Wednesday, battered by investor concern about monetary policy and inflation, a selloff that President Recep Tayyip...
Business

Report: Israel buying Kurdish oil shipped via Turkey in ‘disappearing’ tankers

Israel is secretly buying oil from Kurdish-controlled northern Iraq through the Turkish port of Ceyhan, the Israeli daily Haaretz reported, citing an article by...
Business

Jewelry store chain, Istanbul company seized over alleged Gülen links

Two more companies have been seized as part of an investigation into the faith-based Gülen movement, which the Turkish government accuses of masterminding a...
Business

Mayor of Istanbul plans new metro lines for areas loyal to Erdoğan’s party

Istanbul Mayor Mevlüt Uysal has said the city plans to focus on constructing new metro lines, with priority given to districts that voted for...
Business

BDDK chairman says Turkey planning to establish national credit rating agency

The head of Turkey’s Banking Regulation and Supervision Agency (BDDK), Mehmet Ali Akben, has said Turkey is in need of a national credit rating...
Business

Key gov’t agencies to be subordinated to Erdoğan

Turkey’s Radio and Television Supreme Council (RTÜK), Savings Deposit Insurance Fund (TMSF), Banking Regulation and Supervision Agency (BDDK) and Capital Markets Board (SPK) will...
Business

Prosecutor confirms ‘tax-haven money traffic’ of Erdoğan’s close circle

Documents which allegedly reveal that President Recep Tayyip Erdoğan’s close circle received about $15 million from an offshore company called Bellway Limited on the...
Business

Prosecutor demands confiscation of billion-dollar holding over Gülen links

The Kayseri Chief Public Prosecutor's Office has demanded confiscation of Boydak Holding and its related companies for giving financial support to the Gülen movement,...
Business

Judge denies motion to dismiss, says Atilla case will proceed to sentencing

The federal judge presiding over an Iran sanctions trial has denied a motion by Turkish banker Mehmet Hakan Atilla to dismiss an indictment against...
Business

Companies to be banned from public tenders based on secret MİT reports

An amendment made to Turkey’s Public Tender Law based on a government decree that went into effect last November bans individuals and companies from...
Business

US could seek $37.5 bln over Turkish bank’s violation of Iran sanctions

A demand for as much as $37.5 billion could be the opening move for US authorities seeking to punish Turkey’s state-run Halkbank for violating...
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