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Turkish lira bounces back after government pledges to protect local currency deposits
The lira rose to trade at 11 per US dollar after dropping to historic lows last week
By
News Desk
Dec 21, 2021
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Polls show over half of Turkish voters would not re-elect Erdogan
Skyrocketing prices and a weakened currency have caused widespread discontent against the incumbent president one year ahead of presidential elections
By
News Desk
Jun 06, 2022
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Turkey’s state banks urging depositors to convert foreign currency to lira: Report
Despite the government's push to halt the dollarization of Turkey's economy, financial institutions warn that the currency could end year's trading at more than 20 US dollars per lira
By
News Desk
Jan 18, 2022
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Turkish currency tumbles once more despite aggressive state intervention
The Turkish lira has been on a tailspin since November after President Erdogan implemented sharp interest rate cuts in the hopes of fighting inflation
By
News Desk
Dec 30, 2021
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Turkey’s stock market halts trading as lira hits new low
Economists believe that inflation will surpass 30 percent next year if Turkish President Recep Tayyip Erdogan continues to slash interest rates
By
News Desk
Dec 17, 2021
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Turkish currency hits new record low as Central Bank reserves shrink
Despite a crisis that has seen the Turkish lira lose almost 50 percent of its value this year, President Erdogan stands firm in his strategy to keep interest rates down
By
News Desk
Dec 14, 2021
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Assassination attempt on Turkish president foiled
A bomb was reportedly discovered underneath the vehicle of a police officer tasked with providing security for Erdogan
By
News Desk
Dec 05, 2021
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Turkish President says he will ‘stand firm’ on monetary policy despite growing crisis
President Erdogan says he will "never support" a policy to increase interest rates
By
News Desk
Nov 29, 2021
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Turkish currency crisis spills over into Syria’s HTS-controlled northern region
Citizens in the city of Idlib say wages are no longer enough to cover their needs ahead of the winter months
By
News Desk
Nov 27, 2021
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Turkey to press forward with interest rate cuts as currency tumbles
President Erdogan has blamed high inflation partially on citizens keeping their savings in foreign currency
By
News Desk
Jun 07, 2022
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Inflation in Turkey jumps past 70 percent, hitting 24-year high
An unorthodox economic policy based on sharp interest rate cuts has seen skyrocketing prices of transportation and food
By
News Desk
Jun 03, 2022
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Turkey hikes energy price for second time this year
Inflation reached 70 percent earlier this year as a result of an unorthodox economic strategy pursued by President Erdogan
By
News Desk
Jun 01, 2022
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Erdogan plans to repatriate one million refugees to northern parts of Syria
The government also banned Syrian refugees who live in Turkey from travelling to northern Syria for Eid al-Fitr
By
News Desk
May 03, 2022
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Inflation in Turkey approaches 70 percent in April
A unions confederation calculated that food prices increased by eight percent in April alone in the capital Ankara
By
News Desk
Apr 29, 2022
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Turkey considers restoring ties with Syria
Internal talks in the Turkish government indicate a shift in direction after years of supporting extremist rebels seeking to oust the elected Syrian government
By
News Desk
Apr 05, 2022
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Turkey inflation reaches 61 percent amid soaring energy prices
The conflict in Ukraine has caused a surge in global commodity prices, threatening Turkey’s latest economic program which aims to achieve account surplus
By
News Desk
Apr 04, 2022
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Militants in Syria’s Idlib capitalize on rising global prices
The militant group, HTS, has been using the Ukraine crisis to profit in the Idlib region of Syria, which has a 97 percent poverty rate
By
News Desk
Mar 21, 2022
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Ukraine war triggers food security crisis in Arab world and beyond
Russia and Ukraine supply most of West Asia and North Africa’s wheat, which is the integral ingredient in the region’s most critical food staple
Mar 15, 2022
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Inflation in Turkey hits 20-year high amid Ukraine crisis concerns
Experts believe inflation could reach as high as 70 percent before the end of the year
By
News Desk
Mar 04, 2022
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Turkey keeps interest rate unchanged for second month in a row
Rising prices and high inflation have affected political support for the Turkish President ahead of next year's elections
By
News Desk
Feb 18, 2022
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The twists and turns of Erdogan’s foreign policy
A deeply NATO-entrenched Turkey is heading east, but not in the way you think. Erdogan's 'Asia Anew' strategy is all about Turkic primacy, and will likely be at odds with Chinese and Russian-driven integration plans
Feb 14, 2022
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Turkey stabilizes currency with unofficial interventions: Report
The interventions were not officially announced, but experts believe up to $1Bln in foreign reserves were sold in recent days to stabilize the lira
By
News Desk
Jan 28, 2022
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As Turkey’s economy collapses, calls for constitutional reforms grow
Soaring inflation, fluctuating currency rates, epic hike rates demand that Turkey institute urgent constitutional reforms
Jan 10, 2022
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Turkey welcomes the new year with steep price hikes for electricity and natural gas
The measures are expected to accelerate runaway inflation that has seen the Turkish lira shed as much as half of its value
By
News Desk
Jan 01, 2022
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Turkey’s bank regulator lodges complaint against economists and journalists
Complaints against 26 economists and journalists are on grounds of "disrupting the exchange market through social media posts"
By
News Desk
Dec 28, 2021
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Dubai and Ankara seek deeper cooperation following talks
The two nations seek close collaboration on issues relating to security and economic investment
By
News Desk
Dec 16, 2021
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Severe food crisis hits in Idlib in Syria
Footage of bread lines surfaced on the evening of 14 December in a city in Idlib governorate
By
News Desk
Dec 15, 2021
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Erdogan presses for legislation to criminalize the circulation of ‘lies and disinformation’
Critics say that Turkey is tightening restrictions on freedom of speech
By
News Desk
Dec 12, 2021
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An Emirati Trojan horse in Turkey
Erdogan welcomed MbZ with open arms and gained $10 billion for it; chump change for the Emirati crown prince who is on a quest to reshape West Asia
Dec 02, 2021
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Turkey and the UAE ‘exploring’ $5 billion currency swap: Report
The deal is set to bolster Ankara's foreign reserves amid a worsening currency crisis
By
News Desk
Nov 26, 2021
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