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Turkey detains 7 in probe into ex-Nissan chairman’s flight to Lebanon via İstanbul

Turkish authorities have detained seven people as part of an investigation into how former Nissan chairman Carlos Ghosn, who skipped bail in Japan, was able to...
Business

Turkey decides to close 5 thermal power stations: report

Turkey has decided to close five thermal power stations that have not completed necessary installations of filters, Environment Minister Murat Kurum was quoted as...
Business

Cancer-stricken businessman jailed after coup in solitary confinement for 3.5 years

Hacı Boydak, one of the executives of the Kayseri-based Boydak Holding who was jailed following a failed coup in Turkey in July 2016 due to this...
Business

Turkish president unveils domestically produced car project: report

Turkey unveiled prototypes for its “domestic car” project on Friday, as the government announced sweeping incentives to back President Recep Tayyip Erdoğan’s ambition to create a...
Business

Turkey’s national carrier planning to sue Boeing over 737 MAX aircraft: report

Turkish Airlines (THY) is preparing to sue Boeing Co due to uncertainty stemming from the aircraft manufacturer’s failure to provide an adequate explanation regarding the situation...
Business

Turkey’s consumer confidence index drops 1.9 percent in December

Consumer confidence in the Turkish economy dropped 1.9 percent in December to 58.8 after increasing two months in a row, according to the Turkish Statistical Institute...
Business

Arabs own more than 11 million square meters of real estate in Turkey: report

Citizens of predominantly Arab countries own a total of 11,186,792 square meters (120,413,626 square feet) of real estate in Turkey, according to the figures announced by the...
Business

Turkish currency slides to weakest level since May: report

Turkey’s lira slid to its weakest level in daily trade since May on Thursday after the government’s latest heavy-handed effort to curb market volatility exacerbated lingering...
Business

Turkish banking watchdog denies ordering dismissal of 11 senior bankers: report

Turkey’s banking watchdog has denied a report by Bloomberg that it ordered the dismissal of 11 senior bankers in the private sector, the Ahval news website...
Business

Google ceases new Android operations in Turkey over competition dispute

Google has told its Turkish business partners it will not be able to work with them on new Android phones to be released in Turkey, after...
Business

Turkey’s unemployment rate drops below 14 pct but still high after recession: report

Turkey's unemployment rate edged down to 13.8 percent in the August-October period, from 14.0 percent a month earlier, according to official data on Monday that suggested jobs...
Business

Turkey’s industrial production rises for second consecutive month: report

Turkish industrial production rose for the second month in a row in October after a year of declines as the economy recovers from recession, though the...
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