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Saudi consul general leaves Turkey amid journo probe

Mohammad al-Otaibi leaves for Riyadh as officials prepare to search his residence to investigate case of missing journalist   Saudi Arabia’s Consul General in Istanbul Mohammad al-Otaibi left Turkey for Riyadh on Tuesday, according to diplomatic sources. Al-Otaibi departed from Istanbul at 5 p.m. local time (1400GMT) amid an ongoing …

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Turkey: Banking sector posts some $6B profit in Jan-Aug

Country’s banking watchdog says sector’s 8-month net profits show 14.3 percent annual rise   Turkey’s banking sector’s net profit totaled 38 billion Turkish liras ($5.94 billion) this January-August, the Banking Regulation and Supervision Agency (BDDK) announced on Monday. According to the banking watchdog, the sector’s eight-month net profit surged 14.3 …

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‘September posts 13-month fastest growth in exports’

Turkey’s exports in first 9 months total $123.1 billion, up 7 pct year-on-year, says exporters’ assembly   Turkey’s exports in September showed the fastest growth in the last 13 months, the head of the Turkish Exporters’ Assembly (TIM) announced on Monday. Turkish Trade Minister Ruhsar Pekcan said the country’s exports …

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Turkey’s foreign trade deficit down 59 pct in August

Foreign trade deficit amounts to $2.4 billion in August, down from $5.9 billion in same month last year, says TurkStat   Turkey’s foreign trade deficit saw an annual fall of 59 percent in August, the country’s statistical authority announced on Friday. According to TurkStat, Turkey’s imports decreased by 22.7 percent …

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President Erdogan meets representatives of US companies in Turkey

Strategic cooperation with US will be further strengthened via investment, trade despite ups and downs, president says President Recep Tayyip Erdogan received Turkish representatives of American companies in the capital late Wednesday. “Turkey’s strategic cooperation with the U.S. will be further strengthened through investment and trade, despite all the ups …

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Turkey to unveil new Medium Term Program today

With the global markets and investors observing closely, Turkey will unveil its new Medium Term Program (MTP) today. The MTP will include a realistic plan that appropriately identifies current problems and corrects the action plans accordingly. It will also outline measures to prevent the recurrence of existing problems and provide …

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Turkey’s Borsa Istanbul ends day with gains

BIST 100 index goes up 1.29 pct, rising around 1,200 points from previous close Turkey’s benchmark stock index went up 1.29 percent to close at 93,915.55 points with a trading volume of 6.6 billion Turkish liras ($993.4 million) on Monday. Borsa Istanbul’s BIST 100 index ended the day with a …

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‘Manipulations aim at casting doubt on Turkish economy’

Turkey is resolved to establish independent economy, says president Currency manipulations aim to cast doubt on Turkey’s strong and solid economy, President Recep Tayyip Erdogan said Sunday. Speaking at Turkey-Kyrgyzstan Business Forum in the Kyrgyz capital Bishkek, Erdogan said: “They try to cast doubt on Turkey’s strong and solid economy …

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