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

Arab OPEC+ members expand voluntary oil production cuts

The oil production cuts have offset the economic impact of Washington's interest rate hikes, as the US faces a slowing down economy and the possibility of a new recession

Saudi Arabia ignores US threats over oil cuts

The Saudi decision to cut oil production further despite previous US threats suggest Washington has lost leverage against Riyadh

Saudi Arabia and Iraq pledge to adhere to OPEC+ cuts

The OPEC+ oil production cuts are set to last until the end of 2023

Recession fears – OPEC cuts oil demand growth forecast

OPEC has made another cut to its global oil demand growth forecast, shaving around 100,000 bpd from its projections

Iraq invites Russia to cooperate in joint energy projects

Despite a $27 billion contract with Total to produce gas, Iraq asked Russia to use its expertise to help lower flaring in its gas fields

Oil cuts: A perfect storm in US foreign policy 

The Biden administration’s poor dealings with oil producing countries will have major political and economic ramifications for the west

Saudi Arabia warns of OPEC+ cuts as Europe scrambles to boost winter supplies

European nations have boosted imports of Russian fuel to their highest since April as a winter supply crisis looms

Death by a thousand cuts: where is the west’s Ukraine strategy?

The pounding, daily western narratives on 'Ukrainian wins' and 'Russian losses' underpins the lack of an actual, cohesive Grand Strategy against Moscow.

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

Turkish lira plummets following Erdogan victory

Financial analysts have previously linked Turkiye's currency decline to Ankara's restrictive foreign currency regulations, high inflation, and low-interest rates

Gulf injects cash in Turkiye ahead of elections

Erdogan gave few details of the cash injection aimed at shoring up the Turkish currency and markets

Erdogan rival boosted in race after candidate withdrawal

Muharram Ince, candidate of the Homeland party, has been accused by the main opposition party of colluding with Erdogan

Erdogan claims ‘terror groups’ support opposition

Erdogan believes that his main opposition in the upcoming elections, leader of the CHP party Kemal Kilicdaroglu, collaborates with 'terrorists' funded by imperialists

Ankara seeks to prop up Turkish lira ahead of elections

The runaway depreciation of the lira and high inflation remain key issues ahead of Turkiye’s crucial elections

Turkiye to repatriate Syrian refugees if opposition CHP wins elections

The CHP has been the main opposition party to Erdogan since 2010

Turkish general election rescheduled from June to May

Over the past two years, the Turkish government’s popularity has decreased due to controversial economic policies and a surge in inflation

Runaway inflation soars to new highs in Turkey

As the Turkish economy continues to spiral, President Erdogan has pushed to bolster ties with all possible allies

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

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

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

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

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

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

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

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

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

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

Russia, Oman sign agreement to boost trade ties

The aggressive western sanction policy against Russia following the start of the Ukraine war has seen a major boost in Arab cooperation with Moscow

After Blinken visit, MbS discusses ‘joint projects’ with Russian president

Over the past year, Saudi Arabia has significantly improved relations with several US rivals, including China, Iran, and Syria