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Turkey’s unemployment rate rises ahead of tight election for Erdoğan

Turkey's unemployment rate edged up to 10.2 percent in October, data showed on Monday, posing a potential challenge to President Recep Tayyip Erdoğan's re-election...
Business

Turkish grocery app Getir acquires German rival Gorillas

Turkey's grocery app Getir said Friday it had acquired its German rival Gorillas as the online food delivery market consolidates following a boom during...
Business

Saudi Arabia will soon make $5 billion deposit with Turkey: Saudi finance minister

Saudi Arabia will place a $5 billion deposit at Turkey's central bank "within days," Reuters reported, citing the kingdom's finance minister, Mohammed al-Jadaan, on...
Business

Oil tanker jam forms off Turkey after start of Russian oil cap: report

A traffic jam of oil tankers has built up in Turkish waters after Western powers launched a “price cap” targeting Russian oil and as...
Business

Israel sends large trade delegation to Turkey as ties warm: report

A large Israeli trade delegation was scheduled to arrive in Turkey on Monday to meet with exporters as the Middle East nations repair ties,...
Business

Turkey’s main opposition party unveils its economic program amid financial woes

 Turkey’s main opposition Republican People’s Party (CHP) leader Kemal Kılıçdaroğlu unveiled his party’s new economic program over the weekend, introducing members of the CHP...
Business

Turkey’s inflation slows for first time since 2021: official data

Turkey's inflation slowed in November for the first time since May 2021, official data showed on Monday, delivering a boost to President Recep Tayyip...
Business

Turkish economy grows 3.9 percent in 3rd quarter

Turkey's economy grew 3.9 percent in the third quarter of 2022 on a yearly basis, official figures showed on Wednesday, the state-run Anadolu news...
Business

Turkey’s trade deficit jumps 421.7 percent in October

Turkey’s foreign trade deficit surged 421.7 percent year-on-year to $7.87 billion in October, Deutsche Welle's Turkish service (DW Türkçe) reported, citing data from the...
Business

Turkey in final stage talks for up to $10 bln funding from Qatar: report

Turkey and Qatar are in the final stages of talks for Doha to provide up to $10 billion in funding for Ankara, including up...
Business

Turkish central bank cuts rate for fourth consecutive month

Turkey's central bank said on Thursday it had cut its main policy rate for the fourth consecutive month despite high inflation, Agence France-Presse reported. On...
Business

Saudi Arabia says it is close to making $5 billion deposit with Turkey

Saudi Arabia and Turkey are discussing Riyadh making a $5 billion deposit in Turkey's central bank, Reuters reported, citing a Saudi Ministry of Finance...
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