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Iranian president slams judiciary for failing to reveal businessman Zanjani’s connections

Iranian President Hassan Rouhani on Wednesday criticized the judiciary for not revealing the local and international connections of Iranian businessman Babak Zanjani, whose death...
Business

Ankara mayor blames Gülen for son’s defeat in chamber of commerce election

Melih Gökçek, the mayor of Turkey’s capital province of Ankara, has blamed the Gülen movement for the defeat of his son, Osman Gökçek, in...
Business

Erdoğan renews call for lowering interest rates

Turkey’s President Recep Tayyip Erdoğan on Saturday renewed his call for lowering interest rates, a few days after the central bank decided to hold...
Business

Yıldız Holding sells 21 pct stake in Ülker to UK subsidiary

As the Turkish government continues to confiscate private businesses on alleged charges of terrorist links, food giant Yıldız Holding announced on Friday that it...
Business

Turkey opens underwater tunnel linking Europe to Asia

A major underwater tunnel linking İstanbul’s European and Asian sides was opened Tuesday by President Recep Tayyip Erdoğan and Prime Minister Binali Yıldırım. The Avrasya...
Business

Turkey’s central bank holds rates despite tumbling lira

Turkey’s central bank, in an unexpected move, held interest rates steady, defying the already historically low Turkish lira on Tuesday. The main rates -- overnight...
Business

Turkish President Erdoğan, Qatari Emir al-Thani inaugurate new stadium

Qatari Emir Sheikh Tamim bin Hamad al-Thani and Turkish President Recep Tayyip Erdoğan inaugurated a new football stadium in Turkey's Black Sea province of...
Business

Purge victims face discrimination by Turkish firm in controversial job posting

Discrimination in post-coup Turkey has reached a new level with companies discriminating against people who have lost their jobs in investigations targeting the government’s...
Business

Turkey’s unemployment rate rises to 11.3 percent in September

Turkey's unemployment rate increased by 1 percent in September over the same period of 2015,reaching 11.3 percent, data released by the Turkish Statistics Institute...
Business

Turkish economy contracts for first time in 7 years

Turkey’s gross domestic product (GDP) fell by 1.8 percent year-on-year in the third quarter, the first contraction since the same period of 2009. According to...
Business

Turkey’s new economic stimulus fails to soothe currency woes

The Turkish government on Thursday announced long-expected economic initiatives including the establishment of a $73 billion loan fund, but the stimulus plan has had...
Business

Erdoğan calls on people to sell more foreign currency

President Recep Tayyip Erdoğan on Friday called on citizens to sell more foreign currency in support of the national economy. "I thank my people who...
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