Search Site

Trends banner

Turkey

ADNOC Gas signs LNG deal

Will supply 0.5mmtpa of LNG to India's HPCL.

Alpha Dhabi H1 profit $1.79bn

Adjusted EBITDA rises to $2.36bn.

Borouge Q2 net profit $193m

The H1 revenue stood at $2.72 billion.

ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.
  • Turkey’s quake-hit economy to grow less this year: EBRD bank

    The EBRD forecasts Turkish GDP will expand 2.5 percent this year, cutting prior guidance of 3.0 percent and citing the impact of "unorthodox" loose monetary policy alongside one of the world's highest inflation rates. The death toll of Turkey's worst disaster of modern times stands at more than 50,000 and...
  • Iraqi Kurds await oil export renewal deal with Turkey

    ARBIL, IRAQ- Officials in Iraqi Kurdistan say Baghdad is still waiting to reach a "final agreement" with Ankara to resume oil exports to Turkey, where the results of tightly-contested presidential elections hang in the balance.After defying Baghdad and independently exporting crude through Turkey for nearly a decade, Iraq's autonomous Kurdish...
  • Stock markets advance on US debt, elections

    Major stock markets advanced after President Joe Biden said he was "optimistic" about finding an agreement on averting a first-ever US default. Stock markets in Europe and Asia kicked the week off with gains amid growing hopes the Democrats and Republicans will reach a deal to avert a US government...
  • Turkey’s Erdogan and challenger appear headed for runoff election

    Appearing before a large crowd of supporters, Erdogan proclaimed himself to be ready to lead the nation for another five years. The results nearly complete from Turkey's most important election showed him falling just short of the 50-percent threshold needed to win. He claimed to have won a clear majority...
  • Syria extends humanitarian aid access via two border crossings: UN

    Following international pressure, Damascus agreed to let the UN use the Bab al-Salama and Al-Rai crossings, operated by Turkish-backed rebels, to bring in food and medical supplies for three months. The permission had been set to expire May 13, so Syria's decision was welcome news for those affected as well...
  • Turkey’s president leads prayers on eve of fight for political life

    The president has never faced a more united opposition than the one led by retired civil servant Kemal Kilicdaroglu and his disparate alliance of six parties. But Erdogan has excelled at splitting his rivals and forging unlikely unions while winning one national election after another for 21 years.
  • Anger among people in Turkey, voters divided on election eve

    Widespread public anger at the state's slow response to the tragedy leads many believe that Hatay's electors will vote differently.
  • Iraq awaits Turkey’s response to resume Kurdish oil exports

    The Kurdish regional government had for years earned billions of dollars in revenues exporting crude oil to Turkey without the Iraqi federal government's approval. But the exports were suspended in late March when international arbitrators ruled in favor of the Iraqi federal government's right to control oil exports going through...
  • Turkey says Ukraine grain deal nearing agreement

    The Black Sea Grain Initiative, in place since July after diplomacy by the United Nations and Turkey, allows Ukraine grain exports via port, helping ease shortages and resulting price spikes triggered by Russia's invasion of the breadbasket nation. More than 30 million tonnes of grain and agricultural products have been...
  • Iraq to resume Kurdish oil exports to Turkey Saturday

    On Thursday the Kurdish authorities said in a statement that "the Kurdistan regional government and the federal authorities have reached a (final) deal on the resumption of oil exports". Hours later, Iraqi Oil Minister Hayan Abdel Ghani said crude exports would resume from Saturday.
  • Iraqi Kurds hold their breath as key Turkish election draws closer

    Iraqi Kurds are watching with anxiety the tightest electoral battle yet for Recep Tayyip Erdogan, the outcome of which could have major security and economic implications for their region. But no matter what the outcome of the vote, Iraq's Kurdish region will seek to continue with its strategic partnership with...
  • 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.
  • UAE among top three countries with high crypto use or ownership

    According to Statista's Global Consumer Survey, countries in Africa, Asia, and South America have higher crypto adoption rates than Western countries. Indonesia with 29 percent, and Brazil with 28 percent are other top crypto users. The rate of crypto adoption in the United States is 16 percent.
  • Iran puts to death Swedish-Irani man over ‘terrorism’ charge

    TEHRAN, IRAN- Iran executed Swedish-Iranian dissident Habib Chaab for "terrorism" on Saturday, according to the judiciary."The death sentence for Habib Chaab... nicknamed Habib Asyud, the head of Harakat al-Nidal terrorist group... was executed today, Saturday morning," the judiciary's Mizan Online website reported.Chaab had been held in Iran since October 2020 after...
  • Dozens of migrants rescued at Turkey border: Greek police

    Athens in 2020 erected a 37.5-kilometre (23-mile) steel barrier in this remote northeastern area after tens of thousands of migrants tried to break through, clashing for days with Greek security forces. With the country headed into a tight general election later this month, the conservative government has vowed to extend...
  • Iraq eyes deal on Kurdistan oil exports to Turkey within weeks

    Ankara stopped importing oil from Iraqi Kurdistan in March after the International Chamber of Commerce ruled the federal government in Baghdad was the only entity authorized to manage exports.
  • Turkey discovers oil field with 100k barrels daily capacity: Erdogan

    The oil field discovery is set to yield a daily production of up to 100,000 barrels that will help Turkey boost energy exports and its goal to achieve energy self-sufficiency. The news comes in the wake of another oil discovery made in December, considered to be one of the ten...
  • Suspected Islamic State group chief killed in Syria: Erdogan

    "The suspected leader of Daesh, codename Abu Hussein al-Qurashi, has been neutralised in an operation carried out yesterday (Saturday) by the MIT in Syria," Erdogan announced on television, using the Arabic acronym for the Islamic State organisation. Residents said that an operation had targeted an abandoned farm that was being...
  • Iran-Turkey trade hits $1.3bn in 3 months

    Tehran, Iran - Iran and Turkey have traded $1.379 billion worth of goods in the first quarter of 2023, according to data released by the Turkish Statistical Institute. This represents a 14 percent decrease year-on-year, with Turkish exports at $702 million, up 2 percent, and Iranian exports at $677 million, down...
  • 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...
  • Turkey inches closer to referendum on Erdogan’s two-decade rule

    The 69-year-old leader looked fighting fit as he strutted back on stage after a three-day illness and tossed flowers to rapturous crowds at an Istanbul aviation fest on Saturday. It was the perfect venue for reminding Turks of all they had gained since his Islamic-rooted party ended years of secular...
  • Turkish president, UN chief discuss grain deal over phone, Sudan situation

    Ankara, Turkey  - Turkish President Recep Tayyip Erdogan on Friday discussed over the phone with the UN Secretary-General Antonio Guterres the developments in the ongoing Russia-Ukraine war, and the ones in Syria and Sudan.Underlining the importance of the continuation of the Black Sea grain deal, Erdogan said that Turkiye is...
  • 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...
  • Russia hosts talks for normalizing ties between Syria, Turkey

    Russian Defense Minister Sergei Shoigu hosted four-way talks aimed at normalizing ties between Ankara and Damascus, which were severed at the start of Syria's civil war in 2011. "Practical steps were discussed in the field of strengthening security in the Syrian Arab Republic and normalizing Syrian-Turkish relations," the Russian defense...
  • Turkey holds 110 over terror links: police sources

    State media reported that police held people suspected of financing the outlawed Kurdistan Workers' Party (PKK) or roping in new members to the group. The operation also involved suspects who transferred money to the PKK through from municipalities held by Turkey's main pro-Kurdish party, the Peoples' Democratic Party (HDP), report...
  • Syrians in rebel-held Idlib rally against Arab-Assad detente

    "We came to send a message to the whole world that with this normalization, you will gain Bashar al-Assad the criminal, and you will lose the Syrian people," said Abdel Salam Mohammed Yussef, who heads a camp for displaced people.
  • 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...
  • Syrian Kurds ready for talks with Damascus, sharing resources

    "We affirm our readiness to meet and talk with the Syrian government and with all Syrian parties to hold discussions and present initiatives for a solution," the Kurdish authorities said.
  • 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 the...
  • Iraq invites Turkey, Iran to discuss water share issue  

    BAGHDAD, IRAQ -  Iraq's Minister of Water Resources Aoun Diab said on Sunday that the releases of the Tigris River will improve in the coming days.He also said that an invitation was extended to the Iranian Minister of Energy to attend the third Baghdad Water Conference.Diab said that "meetings and...
  • Two killed in Iraqi Kurdistan in strikes blamed on Turkey

    The PKK, which Ankara and its Western allies classify as a "terrorist" organisation, operates rear bases in Iraq's north. Since 1984 the PKK has waged an insurgency in Turkey that has claimed tens of thousands of lives, and Ankara has long maintained military positions inside northern Iraq where it regularly...
  • GCC data center market to reach $5.5bn by 2028

    Major cloud service providers such as Microsoft, Tencent Cloud, Oracle, Amazon Web Services, and Alibaba Cloud are establishing local cloud regions. 
  • Russia to withdraw from grain deal if all conditions are not fulfilled

    Russia delivered a new warning to the West over a grain deal with Ukraine, saying a number of conditions must be met for Moscow to extend it beyond May 18. Negotiated in July by Turkey and the United Nations, the agreement has given Ukrainian grain shipments a safe corridor in...
  • Syria to reopen Tunisia embassy after more than 10 years

    Tunisia's Saied had said last month he planned to restore diplomatic relations with Syria. Tunisia expelled Syria's ambassador in 2012 over the government's repression of peaceful protesters that triggered more than a decade of civil war which has killed around half a million people and displaced millions more since 2011.
  • Saudi Deputy Foreign Minister Walid Al Khuraiji, right, receives Syrian Foreign Minister Faisal Mekdad upon his arrival at the airport of Jeddah, Saudi Arabia. (SPA)

    Historic talks: Syrian and Saudi ministers discuss steps to resolve ongoing crisis in Syria

    It's raining peace in the Arab world. Saudi Arabia has taken lead in normalizing ties with countries such as Turkey, Iran and Syria in the past few months.
  • Iraq condemns Turkey for air strikes in Kurd region

    BAGHDAD, IRAQ - Iraqi President Abdel Latif Rashid condemned Turkey on Saturday for bombarding an area near Sulaimaniyah airport in the autonomous Kurdish region, a flashpoint between the two governments."Turkish military operations against the Kurdistan region continue to take place, the last being the bombardment (Friday) against Sulaimaniyah civilian airport," Rashid...
  • Stress and trauma: Mental toll of Turkey’s quake

    Sleeping troubles, fear of spending time indoors and profound fear of the mountains are some of the symptoms survivors in Turkey are showing two months after the quake.
  • Russia’s Lavrov holds talks in Turkey to extend grain deal

    The Russian foreign ministry said Lavrov, who last visited Turkey in June, will discuss the grain deal, which Moscow says it extended "as a gesture of goodwill for another 60 days". Turkey is pushing for a 120-day extension in compliance with the original agreement, which was negotiated by Ankara and...
  • Turkey denounces storming of Al-Aqsa, terming it ‘our red line’

    Condemning the storming of Al-Aqsa mosque by Israeli forces and the beating of worshippers inside, Turkey's President Recep Tayyip Erdogan termed it as crossing a "red line." He said that Turkey cannot stay silent in the face of these attacks. He was speaking during a dinner for those breaking daytime...
  • Iraq, Kurdish region sign accord to resume oil export

    The deal, thrashed out in talks between federal and regional officials, spells the end of independent oil exports by the Kurdish regional government and marks a clear limit to its autonomy.
  • Turkey’s inflation slows to 50% ahead of election

    Analysts warn that the economy may start heating up as the government rebuilds huge swaths of Turkey's southeast that were hit by a massive earthquake in February in which more than 50,000 people died. Erdogan, who will try to extend his rule into a third decade in the May 14...
  • Erdogan vows to build 319,000 homes in quake-hit southern Turkey

    Ankara, Turkey--Turkish President Recep Tayyip Erdogan on Saturday pledged to rebuild the country's southern region devastated by powerful earthquakes on 6th February, claiming the lives of more than 50,000 people."Our aim is to restore our cities in the earthquake zone by handing over 319,000 residences and village houses to owners...
  • Oil exports from Iraq’s Kurdistan region to restart on Monday

    Spelling the end of independent oil exports by the regional government, Iraq's autonomous Kurdistan region will resume oil exports through Turkey on Monday, but in the future they will be supervised by the federal government in Baghdad. The outcome was achieved in talks between federal and regional officials.
  • Syrian foreign minister on a visit to Egypt

    Egypt's Foreign Minister Sameh Shoukry met with his Syrian counterpart Faisal Mekdad in Cairo, a first since Syria's civil war broke out over a decade ago, Shoukry's office said. The meeting comes amid amplified Arab engagement with the Damascus government which has been politically isolated in the region since the...
  • Greek PM calls on EU to pay for fence extension along Turkey border

    Athens, Greece--Greek Prime Minister Kyriakos Mitsotakis on Friday called on the European Union to "seriously consider" providing financial aid to help extend an anti-migrant steel fence along the border with Turkey."I think it's about time for the EU to seriously consider providing European funds for these types of projects," the head...
  • UN agency estimates quake hit 20% of Turkey’s food production

    The Food and Agriculture Organization (FAO) said initial assessments in Turkey revealed "severe damage to agriculture, including crops, livestock, fisheries and aquaculture, as well as rural infrastructure in affected areas". It said more than one-third of the population in the hardest-hit areas relied on agriculture to survive.
  • With Turkey’s endorsement, Finland finally joins NATO

    Two weeks after President Recep Tayyip Erdogan publicly backed its bid, Turkish lawmakers unanimously supported Finland's membership of the US-led defense alliance after the Russia's invasion of Ukraine. Turkey was the final NATO nation to ratify the Nordic country's accession, which NATO chief Jens Stoltenberg said will make the "NATO...
  • Turkey set to approve Finland’s NATO bid

    Finland and its neighbour Sweden ended decades of military non-alignment and decided to join NATO last May. Their applications were accepted at a June alliance summit but the bids still needed to be ratified by all the members' parliaments -- a process that stalled with Turkey and Hungary.
  • Turkish foreign minister, UN chief discuss grain deal

    Ankara,Turkey - Turkish Foreign Minister Mevlut Cavusoglu discussed during a phone call with UN Secretary-General Antonio Guterres the deal to ship grain across the Black Sea..Last week Turkey announced the extension of the deal that has allowed exports of Ukrainian grain to resume following Russia's invasion, but it was unclear...
  • Turkey stops handling oil exports from Kurdistan region: Iraq

    The Iraqi oil ministry said that Turkey stopped oil exports from Iraq's autonomous Kurdistan region on Saturday in the wake of arbitration at the International Chamber of Commerce. It said that Baghdad's claims had been accepted in a dispute with Ankara over who had responsiblity for exporting the autonomous region's...