Economy

Turkish exporters’ prize goal is to make $200 billion in exports within a few years, the head of a large business association said on Friday. Over the last five years Turkish exporters boosted their exports from $150 billion to $170…

Fitch Ratings affirmed Turkey's credit rating at "BB" with a negative outlook on Friday. Turkish economy is navigating out of a "sharp depreciation" of the lira, which "stemmed from the materialisation of external financing…

A Canadian judge granted bail Tuesday to Chinese tech giant Huawei’s chief financial officer while she waits to find out if she will be extradited to the U.S. to face fraud charges. Justice William Ehrcke handed down the decision on the…

Crude oil prices were slightly up at opening on Tuesday as the U.S. and China's restart of trade talks provided optimism for investors who expect poor global economic growth and low overall oil demand next year. International benchmark…

Two U.S. major investment banks forecast low oil prices for next year and foresee rising U.S. oil output increasing overall supply in 2019 in spite of OPEC and its allies agreeing to curb production at the latest OPEC meeting in Vienna on…

The first parliamentary session on Turkey's 2019 budget started on Monday. "The 2019 budget will be the major supporter of a stabilization period under the new economic program," Turkish Treasury and Finance Minister Berat Albayrak said…

A water dam being constructed by a Turkish state-run agency near Djibouti’s capital will help prevent flooding and introduce vital agriculture in the Horn of Africa nation. Turkey is building Ambouli Friendship Dam with an outlay of €17.5…

Turkey's electricity consumption decreased by 2.2 percent in November compared to the same month last year, according to Turkey's Energy and Natural Resources Ministry on Monday. The country's power consumption was 23.33 billion…

Turkish Treasury's cash balance saw a surplus of 4.35 billion Turkish liras ($800 million) in November, Treasury and Finance Ministry announced on Friday. Last month, the Treasury's cash revenues totaled 80.67 billion Turkish…

Russia is ready to extend the TurkStream natural gas pipeline to Greece, Russian President Vladimir Putin said on Friday. Speaking at a joint news conference with Greek Prime Minister Alexis Tsipras, Putin reminded that a pipeline…