Selling fruit from a cart in a working-class neighborhood of Istanbul hasn't made Mehmet rich, but he's adamant his modest savings won't ever see the inside of a bank.
Turkey
Turkey Bans Instagram After Removing Posts About Hamas Leader
Turkey blocked 50 million Turkish users' access to Instagram, reportedly in response to the platform removing posts about the death of Hamas leader Ismail Haniyeh.
Propane Tank Explosion in Turkish Restaurant Kills 5, Injures 63
A propane tank explosion at a restaurant in Izmir, Turkey, on Sunday, June 30, killed five people and injured 63 others, with authorities detaining a suspect who had replaced the tank the previous day.
Turkey Implements Export Restrictions on Israel Amidst Backlash on Gaza Conflict
Turkey announced that it has decided to suspend the export of certain products to Israel in light of the current invasion of Gaza.
Syrian Refugees in Turkey Contributed to the Country's Economic Growth According to Government Officials
Turkish government officials acknowledged that the influx of Syrian refugees to the country has contributed in boosting the economy. Turkey’s economic growth has seen an unexpected growth in the third quarter, even as some economic aspects suffered and strained from the flow of migrants.
Latest News
Citigroup (C.N) has sold its nearly 10 percent stake in Turkey's Akbank (AKBNK.IS) for $1.2 billion, the U.S. lender said on Thursday, its latest disposal of overseas assets to cut costs and boost profits.
Group of 20 finance officials look likely to reject a proposal to set countries specific investment targets to spur a global economy which appears increasingly reliant on the United States for growth.
Iran is sweetening the terms it offers on oil development contracts to draw the interest of foreign investors deterred by sanctions and low crude prices, as its pragmatic president seeks to deliver on his promise of economic recovery.
Private equity firm BC Partners [BCPRT.UL] said on Wednesday it will sell a 40.25 percent stake in its supermarket chain Migros (MGROS.IS) to Turkish conglomerate Anadolu Endustri Holding AS.
Selling everything from their sofas to their wedding rings, Bank Asya clients are battling to shore up the Turkish lender against what they say is a government-orchestrated bid to scuttle it.
Aircraft leasing companies voiced confidence in steady jetliner demand, but warned new aviation investors that they may take a painful hit when central banks start unwinding their efforts to stimulate the economy.
Turkey's telecoms regulator removed an official order blocking access to YouTube (GOOGL.O) from its website on Tuesday after the country's top court ruled last week that the ban was a breach of human rights.
Turkish telecoms watchdog BTK said on Friday it had not yet received a ruling by Turkey's top court ordering the removal of a two-month block on video-sharing website YouTube
Just days after he was forced to lift the ban he enforced on Twitter, Turkey Prime Minister accused the social media network of tax evasion, and implied that YouTube and Facebook might be violating the country's laws as well.
