Economy

Turkey-Greece conflict: President Recep Tayyip Erdogan on the brink of triggering war – NZ Herald

He’s trashed Turkey’s economy. He’s locked up all opposition. He’s playing a deadly game standing between East and West. Now President Recep Tayyip Erdogan is on the brink of triggering a war to boost his re-election chances. It’s the centenary of Turkish democracy. On June 23, the nation that sits at the crossroads of Europe, …

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Some Turkish Banks Are Now Literally Giving Out Free Money – BNN Bloomberg

Asli Kandemir and Beril Akman, Bloomberg News The cost of commercial loans in Turkey fell below the interest rates on lira deposits for the first time since 2019, as the world’s most aggressive easing cycle and new regulations make loans for businesses cheaper. Nice Credit If You Can Get It in Turkey’s Micromanaged Economy The …

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Sisi said ‘stop’ to Blue Homeland in the eastern Mediterranean – Turkish Minute

Turkish President Recep Tayyip Erdoğan’s warm handshake with Egyptian President Abdel Fattah el-Sisi during the opening ceremony of the FIFA World Cup in Qatar is likely to accelerate the process launched in 2021 to restore diplomatic relations between the two countries, which had been downgraded to the level of chargé d’affaires in 2013. However, el-Sisi …

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Turkey’s Twitch scandal explained: How the live streaming service turned into a tool for money laundering – Duvar

Turkey’s online community has been rocked by a scandal surrounding Twitch after it was revealed that Amazon’s live streaming service is used to launder money worth millions of dollars. The scheme was noticed by Twitch streamers after a massive data leak on Oct. 6, which showed thousands of streamers’ payouts. Upon a close inspection, Turkish …

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Secretive Gulf Family’s $300 Billion Fortune Is About More Than Oil – Bloomberg.com

The Al Nahyan family owns Manchester City Football Club, a dozen or so palaces and invested big in SpaceX and Savage X Fenty. In a region where opulence is on full display, Sheikh Tahnoon bin Zayed Al Nahyan keeps a low profile belying his importance. That doesn’t stop the whispers about the Abu Dhabi royal, who’s also …

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Friends of Orbán and Erdogan behind the Turkish purchases of the Hungarian Army – Atlatszo

In his 2013 speech in Tusványos, PM Viktor Orbán mentioned Turkey as an example of an illiberal democracy. Since then, Hungary has not only moved closer to Ankara in ideological terms, but trade between the two countries has also increased significantly. More recently, the Turks have also been involved in the development of the Hungarian …

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Turkey-Libya energy accord riles Mediterranean waters – GIS

Egypt and Greece are calling on Turkey and Libya to scrap an energy exploration agreement that critics say violates exclusive economic zones off the Mediterranean coast. In a nutshell On October 3, Libya and Turkey signed yet another memorandum of understanding (MoU) regarding future bilateral scientific, technical, legal, administrative and trade cooperation on land and …

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