Ebru Tuncay

Turkish Finance Minister Mehmet Simsek said on Friday that disinflation would continue despite some recent deterioration in expectations, adding that the government still sees inflation ending the year within its target range.

Turkey's Trendyol Group, Baykar CEO Haluk Bayraktar, Abu Dhabi’s sovereign fund ADQ and Ant International have agreed to explore a potential joint fintech venture offering digital financial services in Turkey, the companies said on Wednesday.

Abu Dhabi sovereign wealth fund Mubadala, the top shareholder in Turkish delivery company Getir, is exploring exiting all its Getir investments in Turkey including its financing and car rental businesses, according to two sources with knowledge of the matter.

Turkey will crack down on market manipulation by "certain" investment funds with tougher penalties and new regulations, Finance Minister Mehmet Simsek said on Tuesday in a stark warning to the country's financial sector.

Turkish Airlines will meet with Boeing and engine supplier CFM in the coming weeks to decide on a planned deal for a major 737 MAX jet order, Chairman Ahmet Bolat said on Wednesday.

A team from the international crime watchdog FATF will evaluate Turkey this month after removing it from its "grey list" last year for progress made in fighting money laundering and the funding of terrorist activity, five sources said.

Uber has reached agreement on key elements of a deal to acquire Turkish delivery company Getir's food business from Emirati controlling shareholder Mubadala, and they have sought approval from Turkish authorities, two sources told Reuters.

The chief executive of Turkey's Isbank said the government's economic programme, partly focused on cutting inflation, may need a pause before continuing to avoid side effects.

Turkish state lender Ziraat Bank has expressed interest in launching banking operations in neighbouring Syria with the country's central bank, its Chief Executive Alpaslan Cakar told Reuters on Wednesday.

Turkey is committed to carrying on its tight economic policies in order to cool inflation, and though it may fine-tune the programme it will not change course, Vice President Cevdet Yilmaz said in comments embargoed to Friday.