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.
  • Russia’s Foreign Minister to address Arab League at its headquarters

    The war in Ukraine has caused food insecurity in Arab nations, many of which are heavily dependent on wheat imports from the former Soviet state. His address comes days after Russia took part in a summit hosted by Iran and attended by Turkey.
  • Iraq PM blames Turkey after Kurdistan shelling kills 9 civilians

    Nine civilians including children were killed in a park in Iraq's autonomous Kurdistan region Wednesday by artillery fire that Baghdad blamed on neighbouring Turkey, a country engaged in a cross-border offensive. In an unusually strong rebuke, Prime Minister Mustafa al-Kadhemi warned Turkey that Baghdad reserves the "right to retaliate", calling...
  • Turkey to resume drilling for gas near Cyprus: minister

    Turkey next month will resume drilling operations near the divided island of Cyprus, a top official said Wednesday, threatening to spark a new diplomatic row with the EU. The European Union came close to sanctioning Ankara in 2020 for pushing into contested east Mediterranean waters in search of fresh natural...
  • Putin says West must remove restrictions on Russian grain exports

    Russian President Vladimir Putin on Tuesday said that the West must remove restrictions on exports of Russian grain. "We will facilitate the export of Ukrainian grain, but we are proceeding from the fact that all restrictions related to air deliveries for the export of Russian grain will be lifted," Putin...
  • Iran, Russia, Turkey presidents to talk Syria war in Tehran

    With the war in Ukraine still raging, Russian President Vladimir Putin travels Tuesday to Tehran for talks with his Iranian and Turkish counterparts on the Syria conflict. Russia, Turkey and Iran have in recent years met to discuss Syria as part of the so-called "Astana peace process" to end more...
  • Syria Kurds ask Russia, Iran to prevent Turkish offensive

    The commander of US-backed Kurdish forces in Syria on Friday urged Russia and Iran to prevent Turkey from launching a new attack in the country's north, days before an expected Syria summit.
  • 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...
  • Putin to travel to Tehran for Raisi-Erdogan summit on July 19: Kremlin

    Russia, Turkey and Iran have in recent years been holding talks on Syria as part of the so-called "Astana peace process" to end more than 11 years of conflict in the Middle Eastern country. It will be the Kremlin chief's second visit abroad since he sent troops into Ukraine in...
  • Iran, Russia, Turkey considering joint car design and production

    Iran and Turkey share a land border, while Russia shares a maritime border with Iran and Turkey across the Black Sea and Caspian Sea respectively.
  • Turkish inflation hits two-decade high of 78.6%

    Inflation in Turkey in June soared to an annual rate of 78.6 percent, the highest in 24 years, official data showed on Monday, as President Recep Tayyip Erdogan's unconventional economic policies continued to take their toll. The figure released by Turkey's state statistic agency was the highest since January 1998....
  • Ukraine asks Turkey to detain Russian cargo ship

    Ukraine on Friday asked Turkey to detain a Russian-flagged cargo ship that Kyiv alleged had set off from a Kremlin-occupied port. Marine traffic websites showed the Zhibek Zholy anchored about a kilometer (half a mile) off Turkey's Black Sea port of Karasu. They also showed the ship only switching on...
  • Relief and concern in Sweden after NATO deal with Turkey

    The agreement, which ends Ankara's veto of their membership bids, was signed by Finland, Sweden and Turkey in front of news cameras.
  • No concessions given to Turkey to support Finland, Sweden: US

    The United States said Tuesday that no concessions were given to Turkey to secure its green light for Swedish and Finnish entry into NATO at the start of the alliance's summit in Madrid. "There was no request from the Turkish side for the Americans to make a particular concession," a...
  • Turkey supplies combat drones to Ukrainian army

    Turkish drone-manufacturer Baykar, which has President Recep Tayyip Erdogan's son-in-law as one of its directors, offered three of its drones to the Ukrainian army on Monday.
  • Qatari private exports value surge by 46 percent in Q1 2022

    Qatar Chamber (QC) said in its quarterly report that the export value of private sector in Q1 2022 hiked to QAR 7.7 billion($2.11bn) with a 46 percent growth compared to QAR 5.3 bn($1.46bn) in Q1 2021. The report also mentioned the impact of the certificates of origin on the exports'...
  • Turkey’s banned musicians sing the blues in run-up to 2023 vote

    Artists fear that the fun is being drained out of Turkey to flatter the conservative Islamic core of Erdogan's eroding support.
  • Crown Prince’s visit: Egyptian, Saudi firms sign deals worth $7.7 bn

    The accords were related to "infrastructure, logistical services, port management, agri-foods, the pharmaceutical industry, fossil fuels and renewable energy, and cybersecurity" and were worth $7.7 billion, Egyptian daily Al-Ahram said.
  • Turkey holds to its stance, objects Finland, Sweden joining NATO

    Turkey on Monday said it did not view next week's NATO summit as a final deadline for resolving its objections to Finland and Sweden joining the Western defense alliance. 
  • Saudi crown prince kicks off regional tour in Egypt

    Saudi Crown Prince Mohammed bin Salman began a two-day visit to Egypt on Monday evening, the presidency in Cairo said, kicking off a regional tour extending to Jordan and Turkey. The crown prince will meet with Egypt's President Abdel Fattah al-Sisi, a major ally, to discuss regional and wider international...
  • Saudi Arabia lifts travel ban on Turkey, India, Ethiopia, Vietnam

    The decision was based on the findings of the competent health authorities about the epidemiological situation in these countries.
  • Saudi Arabia Leader

    Saudi Arabia lets citizens visit Turkey as bilateral relations improve

    At the beginning of the pandemic, Saudi Arabia imposed a rule against all foreign travel, and as of last month 16 countries including Turkey were still off-limits to Saudi citizens.
  • Israel warns citizens to leave Turkey amid threat of Iran attacks

    Israeli Foreign Minister Yair Lapid will visit Turkey next week, his office said Sunday, days after he urged Israelis to leave that country over threats of attacks by Iranian operatives. On Monday, Lapid urged Israelis in Turkey to leave "as soon as possible", saying they faced "a real and immediate...
  • Saudi crown prince likely to visit Egypt, Jordan ahead of Turkey

    Saudi Crown Prince Mohammed bin Salman begins a regional tour Monday in Egypt that will also take him to Turkey to bolster regional ties, a Saudi diplomat said. After Cairo, Mohammed bin Salman will travel to Jordan and then on to Turkey. The Saudi government is yet to confirm about...
  • Halal tourism eyes recovery as COVID-19 norms ease

    The recovery process of the sector remains fragile and could be disrupted by the ongoing war in Ukraine, fuel price increases, and other potential health threats, say experts.
  • Biden visit a shot in the arm for Saudi crown prince

    As Saudi Arabia's Crown Prince Mohammed bin Salman prepares to mark five years as de facto leader, he is finally arriving on the world stage, getting a boost of sorts with the arrival of US President Joe Biden next month. Biden's trip - after Russia's invasion of Ukraine sent oil...
  • ADQ to acquire Turkish pharma company Birgi Mefar Group

    As a full-service pharmaceutical CDMO, BMG is a production service provider for sterile injectable products, namely vials and pre-filled syringes used for vaccines.
  • Israel urges nationals to leave Turkey over Iran ‘attack threat”

    Israel's Foreign Minister Yair Lapid on Monday urged citizens in Turkey to leave "as soon as possible" over threats that Iranian operatives are actively planning attacks on Israelis in Istanbul. The stark warning comes amid the latest surge in tensions between bitter rivals Iran and Israel, with Tehran blaming the...
  • Turkey looks to modern port to revive tourism

    A state-of-the-art port in Istanbul with an underground terminal, a celebrity chef's restaurant and a shopping center, welcomes yet another 5,000-passenger cruise ship.
  • Iran, Venezuela ink 20-year deal on cooperation in Tehran

    Iran and Venezuela signed a 20-year deal on cooperation between the two countries in various sectors including energy, financial and defense
  • Turkish site holds secrets to dawn of civilization

    On a sun-blasted hillside in southeast Turkey, the world's oldest known religious sanctuary is slowly giving up its secrets.
  • Sufi dervishes of Egypt keep alive old tradition

    In a 500-year-old stone theatre in the Egyptian capital, two young dervishes spin ceaselessly. Slowly, then all at once, they are consumed in a flurry of vivid fabrics.
  • Lavrov in Turkey for talks on Ukraine grain exports

    Russian Foreign Minister Sergei Lavrov began a two-day visit to Turkey on Tuesday for talks on unblocking grain exports from Ukraine, which have been stalled by Moscow's offensive. The plane carrying Lavrov landed at the airport in the Turkish capital Ankara, an AFP photographer saw.
  • Turkey aid lifeline to Syria runs into roadblocks

    Trucks loaded with humanitarian aid queue bumper-to-bumper amid the olive groves at the Turkish-Syrian border, waiting to be allowed across into war-torn Syria. Inside are baby nappies and blankets, but also 15-kilo (33-pound) bags of flour, bulghur wheat, sugar, chickpeas and peanut-based pastes for children suffering from malnutrition. Each month...
  • Jordan’s energy ministry signs two MoUs for copper, gold exploration

    The Ministry of Energy and Mineral Resources on Sunday inked an MoU with a local company to explore for copper in the Dana region of Jordan's south. Another MoU with a Turkish company was signed to explore for gold in the Abu Khashiba region, also south, media reports said. The...
  • Bosphorus sea trade remains undaunted by Ukraine war

    At the gates of the Black Sea, trade is in full swing as freighters and oil tankers sail from the heart of Istanbul to Russian and Ukrainian ports.
  • Ukrainian envoy to Turkey accuses Russia of stealing grain

    Ankara has also offered to help secure maritime corridors for the export of Ukrainian grain therefore Russian Foreign Minister Sergei Lavrov is coming to Turkey on Wednesday to discuss the issue.
  • Two Turkish soldiers killed in military operation in Iraq

    Another two Turkish soldiers have been killed during military operations against Kurdish militants in the north of Iraq, Turkey's defense ministry and media said Sunday.
  • Saudi crown prince plans Turkey visit

    Saudi Arabia's crown prince expects to travel to Turkey next month, a Saudi official told AFP Wednesday. The trip by Crown Prince Mohammed bin Salman, the kingdom's de facto ruler, will also include stops in Egypt, Cyprus and Greece, said the official, who requested anonymity because he was not permitted...
  • US warns Turkey against new Syria offensive

    The United States on Tuesday warned Turkey against launching a new military operation in northern Syria, saying the uneasy NATO ally would be putting US troops at risk. Turkish President Recep Tayyip Erdogan said Monday that Turkey would soon launch a new military operation into northern Syria to create a...
  • Erdogan conditions support for Nordic nations’ NATO bids

    President Recep Tayyip Erdogan on Saturday said Turkey would not look "positively" on Sweden and Finland's NATO bids unless its terror-related concerns were addressed, despite broad support from other allies including the United States.
  • Greece accuses Turkey of violating its air space

    The Greek foreign ministry issued "an immediate and strong-worded protest" to the Turkish ambassador in Athens.
  • Syria lambasts Erdogan plan to return million refugees

    Syrian authorities on Friday rejected plans by Turkey to return one million Syrian refugees to a "safe zone" on the border, state media reported. Turkish President Recep Tayyip Erdogan in early May said Ankara was aiming to encourage one million Syrian refugees to return to their country by building them...
  • UAE and Turkey export credit agencies to enhance trade ties

    Etihad Credit Insurance (ECI), the UAE Federal export credit company, has signed a Memorandum of Understanding (MoU) with Turkey’s export credit agency, Turk Eximbank, to enhance trade and support business relations between the United Arab Emirates and Turkey. The two export credit agencies will work together to facilitate trade and...
  • US puts full weight behind Sweden, Finland bids to join NATO

    The United States gave its full support Wednesday for Sweden and Finland's bids to join NATO, promising to stand by them if threatened by Russia and pressing Turkey to not block their membership. Hours after the two Nordic countries formally submitted their applications to enter the Atlantic alliance, President Joe...
  • Finland to announce NATO decision as Sweden holds key meet

    The Finnish government is expected to officially announce its intention to join NATO on Sunday, as Sweden's ruling party holds a decisive meeting that could pave the way for a joint application. Less than three months after Russia's February 24 invasion of Ukraine, the two Nordic neighbors look poised to...
  • Erdogan opposes NATO membership for Finland, Sweden

    President Recep Tayyip Erdogan on Friday said Turkey did not have a “positive opinion” on Finland and Sweden joining NATO, throwing up a potential obstacle for the nations’ membership bid. Erdogan accused both countries of harboring “terrorist organizations” in his unfavorable assessment of the membership bids.
  • Syrian refugees in Turkey: Political tool in crisis times

    With the lira's value tumbles to historic lows and annual inflation runs at nearly 70 percent, the refugee question regularly pops up in political debates in Turkey.
  • Erdogan vows Turkey will not expel Syrian refugees

    President Recep Tayyip Erdogan on Monday pledged that Turkey would not drive Syrian refugees back to their home country despite pressure from opposition parties. Turkey is today home to more than 3.6 million Syrian refugees who fled after civil war broke out in 2011.
  • Turkey sees April inflation hit 69.97%, near 20-year high

    Turkey is experiencing the highest inflation among major emerging markets and industrialized G20 economies.
  • Turkey inflation surges close to 70 percent in April

    Turkey's official inflation rate spiraled to nearly 70 percent in April, data showed on Thursday, posing a huge challenge to President Recep Tayyip Erdogan, whose unconventional economic policies are often blamed for the economic turmoil.