INSEAD Day 4 - 728x90

Turkey

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.
  • Turkey, Syria quake economic losses may exceed $4 billion: Fitch

    More than 17,500 people have died so far in the 7.8-magnitude earthquake that struck Turkey and Syria.
  • Rival Libya administrations agree to remove foreign fighters: UN

    Cairo, Egypt-- Senior Libyan officials from both rival administrations on Wednesday endorsed a coordination mechanism to clear the war-torn country of foreign troops and mercenaries, the United Nations announced. The UN mission in the North African country hailed "an important step toward achieving sustainable stability and peace in Libya" after a...
  • 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...
  • Syria’s White Helmets rescuers urge international quake help

    First responders from the group that was formed a decade ago to save the lives of civilians during Syria's civil war sprung into action early Monday when a 7.8-magnitude quake rocked Syria and Turkey. They have been toiling ever since to pull survivors out from under the debris of buildings.
  • US to work with partners to support Syria with aid but not Assad

    Washington, United States--The United States said Tuesday it was working with partners to provide earthquake relief in Syria but would stand firm against working with the Damascus government. The United States also said it expected to send further assistance to Turkey after sending two rescue teams to the NATO ally, which...
  • Aleppo buries its dead as rescuers look for survivors in rubble

    Soldiers, rescuers and residents of Aleppo's Bustan al-Qasr neighborhood used pickaxes and shovels to free survivors trapped under the debris of collapsed buildings.
  • Iraq’s Kurdistan restarts oil exports through Turkey after quake

    A day after the powerful earthquake devastated Turkey and Syria, Iraq's autonomous Kurdistan region has said that it resumed oil exports through Turkey after suspending them as a precaution in the wake of the quake. The Kurdish ministry of natural resources said the oil exports restarted via the pipeline connecting...
  • UAE, Saudi Arabia pledge quake relief to Syria, Turkey

    Saudi Arabia on Tuesday ordered the King Salman Humanitarian Aid and Relief Centre "to provide health, shelter, food and logistical assistance" to Syria and Turkey, the official SPA news agency said. It will also launch a public donation campaign for quake victims in both countries, SPA added. The oil-rich Gulf...
  • World rushes to offer humanitarian aid to Turkey, Syria

    The European Union has mobilized 10 search and rescue teams for Turkey after the stricken country requested EU assistance, EU foreign policy chief Josep Borrell and EU crisis management commissioner Janez Lenarcic said.
  • At least 20 escape Syria prison holding IS inmates after quake

    The British-based Syrian Observatory for Human Rights war monitor said it could not verify whether prisoners had escaped, but confirmed there was a mutiny. At least 1,444 people died Monday across Syria after the devastating earthquake that had its epicentre in southwestern Turkey, the government and rescuers said.
  • UAE to send humanitarian aid worth US$13.6m to Syria

    Hours after the earthquake killed at least 1,000 people and caused massive level of destruction in Syria, the UAE has pledged humanitarian assistance worth around $13.6 million to the war-scarred country, according to state media. The quake struck near the Turkish city of Gaziantep on Monday, killing more than 1,651...
  • Iraqi Kurdistan suspends oil export via quake hit Turkey

    "The Kurdistan Regional Government confirms the halt of oil exportation through #Turkey's Ceyhan due to the #earthquake that struck several areas in the country," tweeted Lawk Ghafuri, head of foreign media relations in Kurdistan.
  • ‘Honor killing’ of YouTube star by father sparks outrage in Iraq

    Touching off a wave of outrage across the country, the death of a young YouTube Iraqi star at the hands of her father has shone a spotlight again on so-called "honor killings" inside the conservative country. Tiba al-Ali, 22, was killed by her father on January 31 in the southern...
  • Jordan ranks fourth in combating corruption says anti-corruption watchdog

    The index shows that Jordan scored 47 points and is ahead of 119 countries in combating corruption, including Malaysia, China, Bahrain, Kuwait, Turkey and Egypt.
  • Turkey comes out with retaliatory travel alert for US, EU

    Ankara has been most recently outraged by anti-Islamic protests by a far-right extremist who was allowed to burn the Koran outside the Turkish embassies in Stockholm and Copenhagen.
  • Iran earthquake kills two, injures hundreds near border with Turkey

    Iran's deadliest recorded quake was a 7.4-magnitude tremor in 1990 that killed 40,000 people in the country's north, injured 300,000 and left half a million homeless.
  • Turkish parliament speaker claims Erdogan can legally run for office again

    Sentop argued there is no legal or constitutional objection to Erdogan’s candidacy, terming it an issue that does not concern opposition parties.
  • Joseph the Blind heals Turkey’s troubled city

    The shop has kept the nickname of its founder, whose descendants moved to Istanbul in 1950, ceding the shop to current owner's parents.
  • Sweden wants to resume ‘dialogue’ with Turkey on NATO

    "Our collective message is that we want to call for calm, for reflection, for calm in the process so that we can return to functioning talks between Sweden, Finland and Turkey on our common NATO membership," Kristersson told a press conference, adding that he wanted a return to "dialogue." Ankara...
  • Quran desecration: Turkey, Indonesia summon Swedish, Dutch envoys

    Swedish-Danish politician Rasmus Paludan on Saturday torched a copy of the Islamic holy book in front of Turkey's embassy in the Swedish capital, stoking the anger of Ankara which said it would not support the Scandinavian country's bid for NATO membership. Sweden's ambassador to Indonesia, Marina Berg, was summoned as...
  • Erdogan announces elections for May 14 in Turkey

    The Turkish leader said that they had agreed on an adjustment to the timetable with its junior right-wing coalition partner to avoid disrupting the school exam schedules.
  • Turkey cancels Swedish defense minister’s visit over planned protest

    Istanbul, Turkey--Turkey said on Saturday that it had called off a visit by Sweden's defense minister over a planned anti-Turkey protest in Stockholm. "At this point, Swedish Defense Minister Pal Jonson's visit to Turkey on January 27 has lost its significance and meaning, so we cancelled the visit," Turkish Defense...
  • Turkish Central Bank maintains interest rate at 9%

    Inflation rates and trends have started to improve in Turkey, supported by the comprehensive policies the country is pursuing, the bank pointed out in a statement.
  • Turkey asks US for F-16 jets amid NATO, Congress rows

    Meeting US Secretary of State Antony Blinken, Turkish Foreign Minister Mevlut Cavusoglu said he intended to discuss his country's request for modernized versions of the mainstay F-16 fighter jets. "As we said together before, this is not only for Turkey but also important for NATO and for the United States...
  • 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...
  • AI-powered project in Turkey improves wildfire prediction

    Geneva, Switzerland: A project powered by Artificial Intelligence piloted in Turkey last year has improved wildfire prediction by combining static and meteorological datasets and reduced both response time and risk to firefighters, the World Economic Forum said. The FireAId initiative, launched by the WEF in Jan 2022, which was successfully...
  • Turkey looks to launch ground operations in Syria

    Despite a Russian intervention to cool down tensions between Damascus and Ankara, a new Turkish ground offensive in Syria is "possible any time", according to a top aide to President Recep Tayyip Erdogan. Russia has been trying to end more than a decade of hostility between the neighbors.
  • Turkish exports to Africa exceed $21bn during 2022

    Turkish Exporters' Assembly pointed out that Turkish exports to African countries during 2022 increased by 12.3 percent, compared to 2021.
  • Sweden says it can’t fulfill Turkey’s demands for approving NATO membership

    Most of Turkey's demands have involved Sweden because of its more robust ties with the Kurdish diaspora.
  • UAE’s FNC participates in Asian Parliamentary Assembly meet

    ANTALYA, TURKEY - The UAE Parliamentary Division of the Federal National Council (FNC), participated in the meeting of the Standing Committee on Political Affairs of the Asian Parliamentary Assembly (APA). The FNC delegation was represented by Dr. Nidal Mohammed Al Tunaiji, Head of the UAE Parliamentary Division at APA, and...
  • US diplomats go cold turkey on Turkey name, switch to Turkiye

    In a statement announcing measures to disrupt financiers of the Islamic State group, the State Department wrote of joint action between "the United States and Turkiye," written with an umlaut over the u. "The Turkish embassy did request that we use this spelling in our communications," State Department spokesman Ned...
  • Erdogan asks Putin to announce ‘unilateral’ ceasefire in Ukraine

    Erdogan's call for a ceasefire followed a proposal earlier Thursday by Russia's spiritual leader Patriarch Kirill for an Orthodox Christmas truce this week.
  • Turkey’s bickering opposition seeks unity against Erdogan

    The opposition's campaign "appears abstract and distant" to voters, especially in a country where the media is heavily controlled by the government, he wrote last month.
  • Turkey hosts Syria opposition after outreach to Assad

    Erdogan's hopes for talks with Assad follow calls from Turkey's main opposition party as it is pressing Erdogan to speed up the "voluntary" return of nearly four million Syrians who fled the fighting to Turkey.
  • Turkey’s inflation rate slows sharply to 64.3%

    Analysts attribute the sharp slowdown to the so-called base effect, which makes year-on-year price increases look smaller when compared to extremely high levels 12 months earlier. The latest reading is still higher than in any another other emerging market except for Argentina. But it fulfils Erdogan's campaign promise that inflation...
  • Hundreds protest signs of Damascus-Ankara thaw

    Hundreds of Syrians in the rebel-held north protested against signs of a thaw between Ankara and Damascus after their defense ministers met in Moscow for the first time since 2011. Several hundred demonstrators gathered in Al-Bab, a town controlled by rebel factions long backed by Ankara. "We will not reconcile,...
  • Turkish court upholds rights leader’s life sentence

    Paris-born activist and philanthropist Osman Kavala was sentenced to life in jail without the possibility of parole in April on the charge of trying to topple the government by financing street protests in 2013. Seven others were jailed for 18 years each for aiding the attempt to overthrow the government...
  • Israeli envoy to Turkey presents credentials to Erdogan

    Turkey, too, has appointed an ambassador to Israel. A presidential decree in November named Sakir Ozkan Torunlar to the post, Turkish media reported at the time.
  • Six pro-Turkish fighters killed in Syria clashes

    BEIRUT, LEBANON - Six Syrian fighters from a pro-Turkish group died in clashes with regime troops that still raged Monday in northwest Syria, rebel forces and a war monitor said. A pro-Turkey rebel statement said the six were killed and three more wounded in the offensive launched by government forces backed...
  • Syrian Kurds protest against Paris attack

    A gunman opened fire at a Kurdish cultural center and a hairdressing salon in Paris on Friday, killing three Kurds. The semi-autonomous Kurdish authorities in northeastern Syria called for the Sunday protest in Hasakeh, which drew hundreds of people brandishing photos of the three victims and calling for accountability.
  • 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.
  • Turkey says Ukraine war ‘will not end easily’

    Turkey, which helped broker a deal with the United Nations for the export of Ukrainian grain through the Black Sea this summer, is seeking to bring together Russian and Ukrainian leaders for negotiations to end the war. It already hosted a meeting between the Russian and Ukrainian foreign ministers in...
  • Turkey raises yearly minimum wage for third time as inflation jumps

    Turkey's latest economic crisis started when Erdogan -- a lifelong opponent of high interest rates -- pressured the central bank to bring down chronically high consumer prices by lowering borrowing costs.
  • Turkey slams Sweden for refusing to extradite reporter

    Sweden's Supreme Court cited the risk of Turkey's "persecution based on this person's political beliefs" when it blocked the request on Monday.
  • After hosting World Cup, Qatar looks to secure 2036 Olympics

    During the tournament, Qatar was awarded the 2025 world table tennis championships and the opening race of the world endurance championship in 2024, adding to its packed sports calendar.
  • Turkey’s auto sector grows 6% from Jan-Nov 2022

    The sector witnessed the manufacturing of 1,210,331 cars in the period.
  • 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.
  • Turkish investments in Algeria exceed $5 billion: Foreign minister

    Algiers, Algeria--- Turkish investments in Algeria have exceeded $5 billion and the desired goal of $10-billion trade between the two countries would be achieved in a short time, Turkish Foreign Minister Mevlut Cavusoglu has said. Cavusoglu made this announcement at a joint press conference he addressed along with his Algerian...
  • Russia oil embargo, price cap disrupts tankers

    Russia has assembled a "shadow fleet" of more than 100 vessels seeking to circumnavigate the Western sanctions regime. These ships are reportedly using non-Western insurers and selling oil at higher prices to countries that have not subscribed to the new sanctions.
  • e& partners with Bespin Global to offer cloud managed services in METAP region

    The Joint Venture will be 65 percent owned by e& enterprise and 35 percent by Bespin Global.