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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...
Business

Turkey’s central bank cuts interest rate by 200 basis to 12 pct: report

Turkey’s central bank cut its policy rate by 200 basis points to 12 percent on Thursday, a bit more than expected according to Reuters, and suggested...
Business

Turkish banks to see more asset quality weakening, says Fitch Ratings report

Turkey’s banks are set to continue suffering from exposure to troubled industries such as the construction sector and energy, the Ahval news website reported, citing a Fitch...
Business

Turkey adjusts reserve rules to channel more loans to production sectors: report

Turkey’s central bank on Monday adjusted the reference values on loan growth needed for banks to be subjected to lower required reserve ratios, saying the move...
Business

Turkcell signs €500 mln loan MOU with Chinese bank

Turkey’s leading mobile phone operator Turkcell signed a memorandum of understanding for a 500 million euro loan agreement with the China Development Bank, the Turkish company...
Business

Turkish Central Bank expected to cut key interest rate to 12.5 pct: report

Turkey’s central bank is expected to cut its key interest rate to 12.5 percent from 14 percent next week, sustaining an easing cycle designed to revive...
Business

Turkey’s construction sector expects revival in third quarter of 2020

Turkey's construction sector is expected to revive in the third quarter of next year, said the head of the Anatolian Side Contractors Association, a construction group operating on...
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