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Officials deny report US to fine Turkish banks billions of dollars for evading Iran sanctions

Turkish officials on Saturday denied reports claiming six Turkish banks face billions of dollars of fines from US authorities over alleged violations of sanctions...
Business

Detention warrants issued for 110 former employees of Kaynak Holding

Detention warrants were issued for 110 former owners, executives and employees of Kaynak Holding, which was seized by the government in November 2015 due...
Business

PM Yıldırım announces Turkey, Iran agree to trade in local currencies

Turkish Prime Minister Binali Yıldırım announced on Thursday that the central banks of Turkey and Iran had formally agreed to trade in their local...
Business

Zaman’s Ankara office given to Erdoğan media group without any tender

Pro-government newspaper Akit reported on Sunday that the Ankara office of the Zaman group, which was seized unlawfully in March 2016, was sold to...
Business

Turkish gov’t seizes 25 more companies over Gülen links

A court in Aydın province on Thursday appointed trustees to the management of 25 companies over alleged links to the faith-based Gülen movement, which...
Business

Report: Flynn’s Turkish client to quit after inclusion in Mueller probe

Chairman of the Turkey-U.S Business Council (TAİK) Ekim Alptekin has reportedly decided to resign from his post after Special Counsel Robert Mueller included the...
Business

Turkish court appoints trustees to 48 companies over Gülen links

A court in Aydın province appointed trustees to the management of 48 companies, including leading freezer company Uğur, over alleged links to the faith-based...
Business

Detention warrants issued for 47 businessmen over Gülen links

Detention warrants were issued on Monday for 47 businessmen in Mersin province as part of an investigation into the faith-based Gülen movement by the...
Business

Turkey considers Baghdad only legitimate interlocutor for oil export

The Iraqi Prime Minister’s Office has announced that Turkey and Baghdad have agreed that Turkey will consider the Iraqi government the sole interlocutor for...
Business

Turkish, int’l carriers to halt flights to northern Iraq at Baghdad’s request

Several Turkish airlines, including Turkish Airlines (THY), AtlasGlobal and Pegasus, in addition to Lebanese and Egyptian carriers announced on Wednesday that they would halt...
Business

US, German companies imposing unofficial sanctions on Turkey, minister says

Turkish Defense Minister Nurettin Canikli said on Tuesday that several German and American companies are denying or delaying parts Turkey uses in its defense...
Business

German bank says Turkey’s official growth figures questionable, possibly politically influenced

Germany’s second-largest bank, Commerzbank, has said Turkey’s official growth figures released by the Turkish Statistics Institute (TurkStat) are more than questionable and may have...
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