After more than a decade of strained relations, Egypt and Turkey are moving toward a pragmatic re-engagement shaped less by reconciliation than by converging regional interests. Recent diplomatic exchanges and concrete defense-industrial cooperation suggest that both...
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Turkey’s inflation ticks up to 62%
Turkey's annual inflation rate ticked up slightly in November, the state statistics agency said on Monday, showing further signs of levelling off following a series of sharp interest rate hikes. The rate moved to 61.98 percent last month from 61.36 percent in October,...
Turkey’s opposition fractures ahead of March polls
By Dmitry Zaks: Turkey's main opposition party lost a crucial ally Monday in its bid to form a united front against President Recep Tayyip Erdogan's ruling coalition in high-stakes March municipal polls. The secular opposition joined forces in landmark 2019 elections...
Turkish leader issues strong rebuke of Israel as death toll in Gaza rises
Turkish President Recep Tayyip Erdogan on Wednesday called Israel a "terror state", stepping up his condemnation of the spiralling civilian toll of its war against Hamas militants in Gaza. Erdogan's latest -- and one of the most heated -- verbal attacks against Israel...
Turkey welcomes Palestinian cancer patients after they entered Egypt
More than two dozen Palestinian cancer patients, who had crossed from Gaza into Egypt, arrived in Turkey for treatment in the early hours of Thursday, Turkey's Anadolu agency reported. Two planes carrying the patients, many of them children, landed at Ankara airport...
Ukraine circumvents Russia’s blockade, ships grains via NATO countries
The first grain ship to sail from Ukraine since Russia reimposed its Black Sea blockade in July reached Istanbul on Thursday, marine traffic monitors said. Ukrainian officials said the Palau-flagged Resilient Africa vessel was carrying 3,000 tonnes of wheat when it...
Turkey experiences out-of-control inflation, soaring prices
By Fulya Ozerkan Turkish inflation jumped to a new 24-year high exceeding 83 percent in September, official data...
Turkish banks abandon use of Russia’s card payment system Mir
By Fulya Ozerkan: Turkey's booming wartime trade with Moscow took a giant step back on Wednesday with confirmation...
Turkey cuts interest rate for second month despite soaring inflation
Turkey's central bank on Thursday cut its policy rate for the second straight month despite an annual inflation rate...
Turkey to use rubles to pay for some of the gas imported from Russia
Russian President Vladimir Putin said Friday Turkey would pay for a quarter of its Russian natural gas imports in...
Turkey cuts taxes on basic foods, Fitch downgrades Turkey to ‘B+’ amid spiraling inflation
Fitch downgrades Turkey to 'B+' Fitch Ratings on Friday downgraded Turkey's debt from BB- to B+ with a negative...
Turkey: Turkish lira hits record low against dollar
The Turkish lira sank to a record low against the dollar on Thursday after President Recep Tayyip Erdogan fired three...
Turkey: Ankara wants Twitter to hire point-person for Turkey or it won’t make any money
Facebook complies with Ankara, agrees to appoint in-country rep Facebook said on Monday it will appoint a...