Istanbul Finance Center will be Islamic finance hub: Turkish president
ANKARA
With Istanbul Finance Center, a project expected to be launched by early 2022, Turkey targets to be a hub for Islamic finance, the nation's president said on Thursday.
"We are...
Turkey fines 10 foreign firms for illegal short selling
ISTANBUL
Turkey's capital markets watchdog imposed fines totaling 26.4 million Turkish liras ($3.25 million) on 10 foreign financial firms for unlawful short selling transactions.
According to a Capital Markets Board (SPK)...
Suez Canal: Traffic resumes after blocked by cargo ship
ISTANBUL
Traffic resumed through Egypt's Suez Canal after a massive container cargo ship that ran aground blocked movement earlier on Wednesday, Egypt's Suez Canal Authority said.
"The navigation movement has returned...
Turkey to become top electric vehicle producer: Erdogan
ISTANBUL/ANKARA
Turkey will become the top electric vehicle producer of the automotive industry, the nation's president said on Tuesday.
Speaking at an event in the capital Ankara, Recep Tayyip Erdogan hailed...
Turkish railways taking goods to China, Russia, Europe
KIRIKKALE
The Baku-Tbilisi-Kars railway route provides an uninterrupted supply of goods between London to Pekin, Turkey's transport minister said Friday.
Adil Karaismailoglu told reporters in the central province Kirikkale that the...
Moody's: Turkey's reforms could lead to rating hike
LONDON
A determined set of economic reforms that address the economy's structural imbalances while capitalizing on the country’s inherent strengths could lead to upward rating pressure over the medium term,...
SpaceX to launch Turkish satellite by year-end
ANKARA
SpaceX will launch the fourth Turkish satellite to orbit by the end of this year, an official said Tuesday.
Ali Taha Koc, head of the country's Presidential Digital Transformation Office,...
Sanofi halts trials of failed COVID-19 drug
PARIS
French pharmaceutical company Sanofi announced Tuesday that it was halting clinical trials of its drug Kevzara for use against the novel coronavirus.
Recent international clinical trials conducted with the drug...
Istanbul Airport 1st to get global health accreditation
ANKARA
Istanbul Airport on Wednesday became the first worldwide to receive a new health accreditation from the Airports Council International (ACI).
"We congratulate Istanbul for being the first airport to be...
Erdogan lays cornerstone for Turkey’s 1st car plant
ISTANBUL
Turkey's President Recep Tayyip Erdogan on Saturday laid the cornerstone for the country's first indigenous car plant.
“We plan to complete the factory in 18 months and take our...