INSEAD Day 4 - 728x90

Istanbul

Samsung biggest chip investor

The tech giant invested nearly $59.2bn in 2025.

flynas to set up new hub

Five destinations in first phase of operations.

AD Ports Group acquires CLI

CLI is Brazilian agri-bulk terminal operator.

$1.59bn Makkah project awarded

A consortium will develop two districts in the Holy City.

2PointZero posts profit surge

Growth driven by merger consolidation.
  • Three firefighters die in Turkey helicopter crash

    ISTANBUL, TURKEY - Turkish divers searched on Sunday for the bodies of three firefighters who died when their helicopter crashed into a water reservoir near the western resort city of Izmir. The helicopter went down while picking up water to douse a forest fire on Saturday night. The team included three...
  • Turkish clubs financially hit attracting big names in transfer market

    Eyes have been on Saudi clubs' transfer outlays which have rivaled those of the top European sides, but Turkish teams have been signing big names under the radar.
  • Turkey accuses Brussels of disinterest in its EU membership

    Istanbul, Turkey - President Recep Tayyip Erdogan on Saturday accused the European Union of pulling away from Turkey, whose efforts to join the bloc have stalled amid criticism of Ankara's efforts to address democracy and rule of law concerns. Erdogan secured a pledge from Brussels to resurrect the membership talks first...
  • GCC looks to deepen international ties to resolve conflicts, achieve security

    Riyadh, Saudi Arabia-- The Gulf Cooperation Council (GCC) intends to deepen the process of dialogue with the international community in order to achieve achieve global security and stability, and resolve all conflicts through peaceful means. This was stated by the GCC Secretary General Jassem Mohamed Al-Budaiwi while participating in the...
  • EU asks Turkey to address democracy before membership

    EU chief Charles Michel said last month that the bloc should get ready to admit new members from eastern Europe and the Balkans by 2030.
  • Turkish Airlines orders 10 A350 Airbus

    The airline disclosed no financial details in a statement.
  • Turkey’s inflation nears 60%, piling pressure on new team

    campaign pledges and a massive reconstruction effort launched after a major earthquake claimed more than 50,000 lives in Turkey's southeast. Official data showed transportation prices rising by 70.2 percent and those of restaurants and hotels by 89.3 percent.
  • Erdogan and Putin likely to discuss Africa flour supply deal: Report

    Istanbul, Turkey - Turkish President Recep Tayyip Erdogan and Russian President Vladimir Putin are likely to discuss a deal on supplying Russia's flour to African countries, according to TASS. "Both leaders spoke earlier about plans to process Russian grain into flour in Turkey and sending it to the poor nations...
  • Turkey, Saudi Arabia exports vault 630% after normalization in ties

    Istanbul, Turkey - Turkey's exports to Saudi Arabia have skyrocketed by an astonishing 630 percent in the first seven months of this year compared to the same period in 2022, the dailysabah reported on Thursday. Data compiled by the Turkish Exporters Assembly (TIM) revealed that exports to the kingdom reached...
  • Turkiye will accelerate ongoing defense projects: Erdogan

    Istanbul, Turkiye - Turkiye will accelerate ongoing defense projects and find solutions for the sector's requirements, Turkish President Recep Tayyip Erdogan said on Friday. Speaking at the closing ceremony of the 16th International Defense Industry Fair (IDEF) in Istanbul, Erdogan said the prototypes will be tested for domestic use and...
  • Deals worth $613m signed Saudi-Turkish Business Forum launch

    Dubai, UAE -- Deals worth SAR 2.3 billion ($613 million) were signed between Saudi Arabian and Turkish companies on the sidelines of the Saudi-Turkish Business Forum that kicked off in Istanbul on Wednesday. The deals have been signed for real estate development, construction, engineering consultancy and a number of other...
  • Saudi-Turkish Business Forum kicks off in Istanbul with signing of 16 agreements

    Riyadh, Saudi Arabia - The Saudi-Turkish Business Forum which began on Wednesday in Istanbul, witnessed the signing of 16 agreements worth over SAR 2.3 billion ($0.62 billion) between the Saudi side and Turkish companies operating in various investment sectors, including real estate development, construction, and engineering consulting. The objective of...
  • Russia denounces repatriation of Ukrainian troops from Turkey

    "The return of Azov commanders from Turkey to Ukraine is nothing but a direct violation of the terms of existing agreements," Kremlin spokesman Dmitry Peskov was quoted as saying by Russian news agencies. Peskov said the return was linked to the "failure of the counter-offensive" launched by Ukraine, and Ankara's...
  • UAE, Turkish presidents discuss bilateral, economic relations in Istanbul

    ISTANBUL, TURKEY - UAE President Sheikh Mohamed bin Zayed Al Nahyan  arrived here on Saturday for a working visit and met with Turkish President Recep Tayyip Erdogan. The two leaders reviewed the growing bilateral ties between the UAE and Turkey and explored opportunities for further collaboration. The meeting between Sheikh...
  • Turkish Lira sinks to new low more than week after Erdogan reelection

    Erdogan was sworn in on Saturday after winning a historic election runoff on May 28 and named a new cabinet appointing market-friendly politician Mehmet Simsek as finance minister.
  • Turkish Airlines ponders buying 600 planes in two months

    ISTANBUL, TURKEY - The chairman of Turkish Airlines said Monday that the company will make a final decision on plans for a record-breaking order of 600 aircraft in two months. The airline is in talks with US aircraft maker Boeing and its European rival Airbus to purchase 400 single-aisle planes along...
  • Airlines to fly 4.35bn passengers this year, says industry group

    ISTANBUL, TURKEY -  Airlines will fly 4.35 billion passengers this year, close to the 2019 record as the industry bounces back from the Covid pandemic, an industry group said on Monday. The sector will also be back in the green, with net profits forecast to reach $9.8 billion in 2023, or...
  • Erdogan stays undefeated, extends two-decade rule in Turkey runoff

    Recep Tayyip Erdogan appealed for national unity Monday after winning a historic runoff election that extended two decades of his transformative rule until 2028. The 69-year-old overcame Turkey's worst economic crisis in a generation and the most powerful opposition alliance to ever face his Islamic-rooted party on his way to...
  • OIC experts discuss draft plan for Persons with Disability

    Jeddah, Saudi Arabia - The Organization of Islamic Cooperation (OIC) on Sunday discussed a plan of action on the protection and integration of persons with disability at the open-ended meeting of the International Group of Experts at its headquarters in Jeddah.  During the meeting, experts reviewed the draft OIC Plan...
  • Syrian, Turkish foreign ministers meeting boost for Erdogan

    The sides will "exchange views on the normalization of relations between Turkey and Syria, discuss humanitarian issues... and the voluntary, safe and dignified return of asylum seekers," the Turkish foreign ministry said.
  • Erdogan, opponent attract huge crowds ahead of crucial elections

    The 69-year-old president has bounced back strongly from what was described as a digestive problem in the run-up to one of Turkey's most important elections of its post-Ottoman history. The illness shook Erdogan's strongman image, which he has cultivated over two decades of economic booms and busts, social transformation and...
  • Erdogan cancels poll appearances after developing stomach bug

    Erdogan cut short a live television interview late on Tuesday after getting sick on air. His television appearance began more than 90 minutes behind schedule and then went to a commercial break in the middle of a question ten minutes into the show. The camera shook and the reporter asking...
  • Erdogan launches Black Sea gas deliveries ahead of vote

    The facility will begin producing 10 million cubic metres of gas daily in a first phase - which Erdogan said is expected to reach 40 million cubic metres daily after other wells go into operation. Experts say 10 million cubic metres of gas per day would meet around six percent...
  • Turkey president Erdogan’s chief rival defends Kurds ahead of vote

    ISTANBUL, TURKEY -  President Recep Tayyip Erdogan's chief rival in next month's election defended Kurdish rights on Tuesday and accused the Turkish leader of inflating ethnic tensions for political gain. Kemal Kilicdaroglu's comments followed weeks of attempts by Erdogan to link the opposition with Kurdish militants who have been fighting against...
  • Turkish current account deficit rises to 40-year high

    Istanbul, Turkey - Turkey's current account deficit increased to $9.85 billion in January, the highest monthly deficit since 1984, the first year for which such a record is available, according to figures from the central bank released on Monday. The increase was caused by a rising energy cost and imports...
  • UNHCR urges more support for Turkey, Syria earthquake survivors

    ISTANBUL, TURKEY - United Nations High Commissioner for Refugees (UNHCR) president Filippo Grandi concluded a five-day visit to earthquake-devastated areas of Syria and Turkey. He visited survivors, affected people and humanitarian staff working at the ground. The earthquake has claimed 54,000 lives in the two countries and caused massive destruction...
  • Egypt top diplomat visits Syria, Turkey for first time in decade

    Egypt's Foreign Minister Sameh Shoukry, in a rare visit to Syria and Turkey, pledged solidarity with the people of the two countries after a devastating earthquake claimed tens of thousands of lives. Shoukry met with Syria's President Bashar al-Assad and the country's foreign minister Faisal Mekded. He also met Turkish...
  • Experts reassure Istanbul not at heightened risk of earthquake

    Istanbul, Turkey--Fears of another major earthquake have been rekindled in Istanbul since the February 6 disaster that hit Turkey and Syria, but a prominent Turkish seismologist has reassured the risk "hasn't increased". "The risk hasn't increased because we are talking about completely different systems," Dogan Kalafat, the director of the...
  • Building safety in focus as deadly quake renews alarm for Istanbul

    Seismologists warn that a massive earthquake is likely to strike Turkey's biggest city -- officially home to 16 million people but estimated to hold up to 20 million -- by 2030. The city lies on the northern edge of one of Turkey's main fault lines and is densely packed.
  • Istanbul exchange to shut for five days, first time in 24 years

    Istanbul, Turkey---The Istanbul stock exchange announced on Wednesday that it would close for five days in response to this week's deadly earthquake, the first such shutdown since 1999. Monday's 7.8-magnitude tremor ravaged swathes of southeastern Turkey and Syria, killing at least 11,700 people and leaving thousands more homeless in the winter...
  • Erdogan signals Turkey general polls might be held a month ahead

    Analysts believe that Erdogan's office is looking for a perfect moment at which his own voters are more likely to turn out than those backing his opponents. On Wednesday Erdogan delivered a speech to his ruling party in which he recalled the day contemporary Turkey held its first free election...
  • Turkish exports rise 12.9% in 2022, says Erdogan

    Erdogan explained that Turkish exports made their way to the markets of 197 countries and regions around the world.
  • Erdogan aide blames Paris street violence after shooting on Kurd militant group

    Ankara has been feuding with the US and European powers about their support for Kurdish fighters in the People's Protection Units (YPG), which it portrays as the Syrian offshoot of the PKK.
  • Dubai International Chamber launches three new offices in Cairo, Tel Aviv, Istanbul

    The formal inauguration of the representative office in Tel Aviv will take place in the Israeli capital on December 13.
  • Erdogan urges Putin to ‘clear’ Kurd forces in northern Syria

    Erdogan told Putin in a phone call on Sunday that is was "important to clear the (Kurdish fighters) from the border to a depth of at least 30 kilometers," his office said.
  • Turkey inflation slows for first time since 2021: official

    According to a respected monthly study released by independent economists from Turkey's ENAG research institute, the annual rate of consumer price increases reached 170.70 percent in November. President Recep Tayyip Erdogan at the weekend forecast that consumer prices rises would soon slow down.
  • US warns Turkey against disrupting its military operation in Syria

    While acknowledging Ankara's security concerns in northeast Syria, the US has warned Turkey not to create impediments in its operations against jihadists in Syria. Turkey says it is taking military action in response to a terrorist attack in Istanbul that it blames on Kurdish groups.
  • Turkey’s economy to grow 5 percent in 2022: Poll

    In 2021, Turkey's economy rebounded from the COVID-19 pandemic to grow 11.4 percent.
  • Kurds protest as Turkey targets Kurdish group in Syria

    Qamishli, Syria -- Thousands of Kurds protested on Sunday in the Syrian city of Qamishli against Turkish cross-border strikes targeting Kurdish groups in the country's northeast, an AFP photojournalist said. One week ago Turkey began a barrage of air strikes against the semi-autonomous Kurdish zones in north and northeastern Syria,...
  • Turkey carries out air strikes in Syria, hitting several towns

    A week after the deadly Istanbul bombing, which Ankara blamed on the Kurdistan Workers' Party (PKK), Turkey carried out air strikes hitting several towns across northern Syria. According to the Syrian Observatory for Human Rights, Turkish military had carried out more than 20 air strikes across the two provinces.
  • Day after Istanbul explosion, Erdogan arrives at Indonesia G20

    Turkish President Recep Tayyip Erdogan said before he departed Turkey that the "vile attack" that killed at least six people in the heart of the city had "a smell of terror".
  • Century on, political fights rage over Turkey’s dogs

    The sheer number of stray animals darting between people and lounging on public squares jumps out at most visitors to Turkey's ancient cultural capital.
  • Russian agricultural products embargo to cause food crisis, says UN

    Russian fertilizers and agricultural products must be able to reach world markets "unimpeded" or a global food crisis could strike as early as next year, UN Secretary General Antonio Guterres said Saturday. "It is important that all governments and the private sector cooperate to bring them to market," he said...
  • Istanbul Airport first in Europe with 1,327 average flights daily

    Istanbul Airport ranked first in Europe in terms of the average number of daily flights during the period of July 22-28, with 1,327 flights. The Airport exceeded the French Charles de Gaulle Airport and Amsterdam Airport Schiphol by the number of flights in the mentioned period.
  • UAE lauds Turkiye’s role in Russia-Ukraine grain exports pact

    The UAE foreign minister Sheikh Abdullah bin Zayed Al Nahyan in a phone call to his Turkish counterpart Mevlüt Çavuşoğlu described the agreement as a ''key step.''
  • Russia and Ukraine near grain deal in first talks since March

    Russia and Ukraine on Wednesday made substantive progress in their first direct talks since March on a deal to relieve a global food crisis caused by blocked Black Sea grain exports. The high-stakes meeting involving UN and Turkish officials in Istanbul broke up after slightly more than three hours with...
  • UAE and Turkey close to signing economic partnership agreement

    The UAE and Turkey are in final talks regarding the launch of a comprehensive economic partnership agreement, according to the UAE’s minister of state for foreign trade, Thani bin Ahmed Al Zeyoudi. The new partnership is expected to double bilateral trade between both countries, strengthen cooperation efforts, create new jobs,...
  • Erdogan to visit Saudi on Thursday, ending rift over Khashoggi killing

    The two-day trip comes after an Istanbul court this month ruled to halt the trial in absentia of 26 Saudi suspects linked to the killing of 59-year-old journalist Jamal Khashoggi, transferring the case to Saudi Arabia.
  • Turkey spots another mine floating off its coast

    Turkey on Monday said a second mine which could have come from Ukraine was discovered off its coast near Bulgaria, adding that experts had been sent to defuse it.
  • Liberal young flee to Turkey’s ‘Little Russia’

    Thousands have left Russia for Turkey, many paying exorbitant airfares to reach one of the last accessible destinations as Western sanctions tighten.