Economy
Finance, markets and economy news
Reklam
Major Investment Secured for Iskenderun Port: $190 Million Deal Signed
A significant investment decision has been made for the Iskenderun Port in Turkey as Gübretaş signs an agreement with Alport Port Operations. The project aims to modernize and enhance the port facilities with an investment totaling approximately $190 million.
Turkish Ministry of Trade Launches Comprehensive Inspection of Hazelnut Market
The Turkish Ministry of Trade has initiated an extensive inspection process in the hazelnut market, focusing on the regions of Ordu and Giresun to evaluate market operations and conditions.
Trakya Birlik Announces Sunflower Purchase Price for 2026/2027 Season
Trakya Yağlı Tohumlar Satış Kooperatifleri Birliği has set the pre-purchase price for sunflower at 37,000 TL per ton for the upcoming production season, targeting a 44% oil content.
Turkey Cancels Operating License of Bank Mellat Amid Ongoing Sanctions
Turkey has officially revoked the operating license of Iran's Bank Mellat in Istanbul, following years of sanctions linked to the bank's alleged connections to Iran's nuclear program. This decision highlights the ongoing geopolitical tensions surrounding financial institutions involved with Iran.
Ancient Harvest Tradition Revived in Kahramanmaraş: The Unique Taste of Sesame
The harvest season for traditionally cultivated sesame has begun in the Andırın district of Kahramanmaraş, bringing back a centuries-old agricultural practice that highlights the unique flavor and labor-intensive process of sesame farming.
New Regulations on Motorcycle Couriers and Riders Under Consideration
A proposed set of regulations aimed at motorcycle couriers and riders is currently under discussion, potentially reshaping the landscape for this vital segment of the delivery industry.
Call for Stricter Measures Following Stock Market Fluctuations
Mustafa Destici, the leader of the Great Unity Party, has urged for protective measures for small investors in light of recent volatility in Borsa Istanbul. He supports the actions of the Capital Markets Board and the Central Bank in addressing market manipulation.
Harvest Season Kicks Off for Siirt's 'Green Gold'
The harvest season for Siirt pistachios, a vital source of income for local residents known as 'green gold', has officially begun. Farmers are now busy collecting this valued crop at dawn.
Harvest of Winter Suluova Onions Begins in Amasya: Market Price Reaches 15 TL per Kilo
The harvest of the winter Suluova onion, a product with geographical indication certification, has commenced in the Suluova district of Amasya. The onions, renowned for their long shelf life of up to six months, are being sold at competitive prices in the local market.
Turkey Revokes Operating License of Iran's Bank Mellat Amid U.S. Sanctions
The Banking Regulation and Supervision Agency (BDDK) of Turkey has officially revoked the operating license of Bank Mellat's Istanbul branch, which is under U.S. sanctions. This decision reflects Turkey's compliance with international financial regulations.
Istanbul Stock Exchange Sees Significant Decline: Latest Updates on Euro, Dollar, and Gold
The Istanbul Stock Exchange faced a notable drop last week, with the BIST 100 index plummeting by 8.18%. Additionally, both gold and the Euro also experienced losses during this period.
Silver Surpasses Gold and Dollar: Exciting News for Silver Holders
Recent market trends indicate that silver has outperformed both gold and the dollar, bringing good news for investors holding silver assets. This shift in precious metal dynamics could signal a change in investment strategies.
Bolivia's Legislative Body Greenlights $1.9 Billion IMF Loan Despite Protest Warnings
Bolivia's Congress has approved a significant $1.9 billion loan from the International Monetary Fund, a decision that has raised concerns among labor unions about potential fuel subsidy reductions and the threat of renewed protests.
Major Fraud Operation Targets Forex Scammers: 191 Arrested in Israel
A significant crackdown on a forex and cryptocurrency investment scam based in Israel has led to the arrest of 191 individuals. The operation uncovered a scheme that defrauded victims of $3 billion through deceptive practices.
Ryanair CEO Michael O'Leary Issues Apology for Controversial Comments
Michael O'Leary, the CEO of Ryanair, has expressed regret over his recent remarks referring to high fares as 'high-fare rapists.' He acknowledged the inappropriate nature of his language and assured that such comments will not be repeated.
Breaking News: Major Crackdown on Illegal Forex Operations by Turkish Authorities
In a significant operation led by the Ministry of Interior and the National Intelligence Organization, 174 individuals have been detained in connection with illegal forex activities, resulting in the seizure of assets worth 1.5 billion TL.
Bank of Japan Raises Interest Rate to 1.25%, Highest in 31 Years
In a significant move, the Bank of Japan has increased its policy interest rate by 25 basis points to 1.25%, marking the highest level in over three decades. The decision came after a two-day monetary policy meeting and was supported by a 7 to 2 vote within the Monetary Policy Council.
Finance Minister Şimşek Assures No Systemic Risks in Markets
In a recent statement, Finance Minister Mehmet Şimşek reassured the public that there are no widespread risks affecting the financial markets. He emphasized that the current market fluctuations are confined to a limited number of funds.
Samsung Announces Upcoming Price Hike for Smartphone Memory Chips
Samsung Electronics is set to increase the prices of its DRAM and NAND memory chips for smartphone manufacturers by 7% to 10%. This move is expected to impact the overall cost of smartphones in the market.
Istanbul Stock Exchange Begins Final Trading Day with Decline
The BIST 100 index of the Istanbul Stock Exchange opened the last trading day of the week with a decrease of 1.13%, starting at 13,356.72 points. This marks a notable downturn as investors remain cautious in the current market climate.
Residents in Mississippi Demand Closure of Elon Musk's Colossus Data Center Due to Noise Pollution
Residents in Mississippi are calling for the shutdown of Elon Musk's Colossus data center, citing the incessant noise from turbines powering the facility as a disturbance to their peace.
Major Operation in Istanbul: 174 Arrested and Assets Worth 1.5 Billion TL Seized
In a significant crackdown, Turkish authorities conducted a large operation in Istanbul, resulting in the arrest of 174 individuals and the confiscation of assets totaling 1.5 billion Turkish Lira. This operation highlights ongoing efforts to combat financial crimes in the region.
Mehmet Şimşek Issues Warning to Car and Home Buyers Utilizing 'Evim' Systems
Turkey's Minister of Treasury and Finance, Mehmet Şimşek, has cautioned individuals purchasing vehicles and homes through the 'Evim' financing schemes. His remarks highlight the importance of understanding the implications of these systems.
The Surprising Surge of the Dollar Last Friday
Last Friday, the value of the U.S. dollar experienced an unexpected spike, leaving financial analysts and investors puzzled. This sudden change in currency dynamics could have significant implications for the market.
Hidden Treasure: Vintage Item Purchased for 4,000 Lira Discovered to Be Worth a Fortune
A buyer's lucky find on the second-hand market has turned into a remarkable investment, with a vintage item originally bought for 4,000 lira being appraised at a significantly higher value. This discovery highlights the potential treasures lurking in thrift stores and online marketplaces.
174 Suspects Arrested in Major International Forex Fraud Operation
The Turkish Ministry of Interior has announced the arrest of 174 individuals linked to an international illegal forex scam, with assets valued at 1.5 billion Turkish lira confiscated.
Harvest Concludes, Prices Surge: A 4 Lira Product Now Costs 60 Lira
Following the end of the harvest season, prices for certain agricultural products have skyrocketed, with a notable increase from 4 lira to 60 lira for some items. This dramatic shift raises concerns about market stability and food affordability.
Stock Market Opens Lower on September 18, 2026
The stock market experienced a decline at the start of trading on September 18, 2026, signaling potential concerns among investors. Analysts are closely monitoring the situation for further developments.
Tax Office Scrutinizes Payments Made via IBAN with Specific Notes
Individuals using IBAN to transfer funds with specific descriptions are facing scrutiny from the tax authorities. Each payment is being examined meticulously to ensure compliance with financial regulations.
JP Morgan Issues Critical Oil Forecast Amid Ongoing Middle East Tensions
JP Morgan highlights the challenges posed by escalating conflicts involving the U.S. and Israel's actions against Iran, complicating predictions for the oil market. The bank notes that supply losses and declining stocks have heightened risks in the sector.
Farmers in Aydın Express Concern Over Rising Fuel Prices Impacting Agriculture
Farmers in the Nazilli district of Aydın are voicing their frustrations regarding the significant increase in fuel prices and production costs, which they claim is making sustainable farming nearly impossible. The situation has led to deep concerns about the viability of their livelihoods.
Yemen Faces Soaring Prices Amid Ongoing Conflict and Regional Tensions
Residents in Sanaa are preparing for increased expenses on food and transportation following the first fuel price hike in four years. The ongoing war and regional instability are exacerbating the economic situation for families in Yemen.
Oman's Sohar Port: A Key Hub for Ship-to-Ship Oil Transfers Amid Ongoing Risks
With the ongoing blockade in the Hormuz Strait, Oman's Sohar port has emerged as a critical point for ship-to-ship oil transfers. This method, while providing a workaround, carries significant risks for those involved.
Economic Pressures: Will They Influence Voter Sentiment in the US?
Lower-income Americans are increasingly affected by rising borrowing costs and diminished purchasing power, raising questions about potential impacts on upcoming elections.
Bank of Japan Increases Interest Rates to Highest Level in 31 Years Amidst Rising Inflation
The Bank of Japan has raised its benchmark interest rate from 1% to 1.25%, marking the highest level in over three decades. This move aims to address growing inflationary pressures in the economy.
Backlash Erupts Over Tillamook's Halal Labeling Decision
Tillamook, the prominent American cheese manufacturer, is facing a significant backlash as critics initiate a boycott in response to the company's recent decision to introduce halal labeling on its products.