Economy

A Turkey-based gold refinery "fully" denied the allegations that it purchases gold from sanctions-hit Venezuela. In a statement, the Istanbul Gold Refinery said that it was not involved in trade with the Latin American country,…

By Bassel Barakat Mustafa Tuncer was elected President of the Turkish-American Business Association (MUSIAD USA) on Saturday for the second time in a row with a huge turnout from all the members around the United States. MUSIAD…

Turkey's competition authority has started investigating claims that search engine giant Google uses abusive practices to make conditions difficult for other businesses. "The preliminary research was concluded by the Competition Board on…

Turkey has received over 250 applications for citizenship through investment worth nearly $100 million as of the end of 2018, according to the head of a mediation firm. Citizenship applications to Turkey are expected to boom in 2019 as the…

Turkey’s banking sector's net profit climbed 12 percent annually in the January-November period, according to the country's banking watchdog on Monday. The figure amounted to 50.7 billion liras ($9.8 billion) in the first eleven months of…

Turkey's foreign trade deficit in November narrowed by 90 percent year-on-year, the Turkish Statistical Institute (TurkStat) reported on Monday. The foreign trade gap in November totaled $651 million, down from $6.4 billion in the same…

A new indigenous blockchain-based project by a Turkish venture firm aims to be a general payment system for the Middle East and North Africa (MENA) region, said one of the officials behind the project. The landmark project has come to the…

Banking giant HSBC has announced plans to divest from a major Israeli arms manufacturer following pressure from pro-Palestine activists, the London-based Palestine Solidarity Campaign (PSC) said in a Friday statement. “After tireless…

The number of foreign arrivals in Turkey rose significantly in the January-November period, compared with the same period last year, according to data revealed on Friday. According to the Culture and Tourism Ministry, more than 37.5…

The economic confidence index in Turkey was higher month-on-month in December, an official data revealed on Friday. December's figure was up 2 percent to reach 75.2 compared to last month, the Turkish Statistical Institute said in a…