Asli Kandemir

Turkish President Recep Tayyip Erdogan met with Hamas’s political leader on Saturday to discuss the need for a permanent cease-fire and accelerated humanitarian aid in Gaza.

Turkey raised the tax on interest income from lira savings to improve state revenues and help narrow a burgeoning budget deficit.

Turkey will raise tariffs on all vehicle purchases from China by 40%, in a bid to curb imports and narrow the current account deficit.

Moody’s Ratings raised Turkey’s credit rating for the first time in more than a decade, marking the latest milestone in the country’s efforts to return to orthodox economic policies.

Turkey’s central bank is likely to begin a cycle of interest rate cuts later this year with the cost of borrowing potentially being halved by the end of 2025, according to the chief executive of the country’s largest private-sector lender.

Turkey has mandated banks for the issuance of a 10-year dollar-denominated bond, which will be swapped for existing shorter-term notes to ease immediate repayment pressures.

Turkey will introduce a 10% minimum corporate tax for companies starting from 2025 to help narrow its budget deficit.

The Turkish banking index rose after a regulatory boost that removed the short-selling ban on biggest stocks and skipped inflation accounting for financial firms.

Turkey’s banking regulator said lenders and financial companies won’t have to implement inflation accounting in 2025, removing a looming burden on bank earnings before full-year results are announced.

Turkish authorities arrested a prominent local journalist on charges of threatening President Recep Tayyip Erdogan amid an intensifying crackdown on political opposition.