Turkey
First Istanbul IPO since February as Dof Robotik sells 29% stake
No more listings expected until BIST-100 index achieves a new Turkish lira-based record and liquidity improves.
Fat payoff to Mourinho as Turkish football confirms status as eager member of big-spending league
Super Lig clubs splurge €321mn on buying players. Istanbul club Galatasaray Europe’s fifth biggest spender.
“Fires, earthquakes and inflation are putting tourists off Turkey,” writes The Economist
Even Turks reportedly more and more heading to Greek islands rather than accept prices demanded for domestic holidays.
Eurobond investors shrug off Turkey’s political showdown and place $10bn of bids at sovereign wealth fund auction
Court-appointed trustee says he knows how he will gain entry to opposition’s Istanbul provincial HQ.
Turkey’s official inflation inches down another half-point to 33% in August
ENAG contends it edged higher to 65.5%. The Erdogan regime’s moves to shut down any serious opposition are, meanwhile, heating up.
Turkish court dismisses opposition's Istanbul chief over congress irregularities
Move could have implications for another trial that could see national leader of CHP ousted.
Xi pitches an equitable “multipolar” world order leveraging Global South “mega-markets power” at SCO summit
Chinese President Xi Jinping and Russian President Vladimir Putin called on Global South leaders to leverage their "mega-scale market" and strive for a new equalitarian multipolar world order at the SCO summit in China.
PMI shows Turkish manufacturers continued to endure challenging market environment in August
Survey, however, also picked up signs of pressures easing.
ISTANBUL BLOG: Turkey’s GDP data – believe it if you want to
The figures are laughable, but the media take them ever so seriously.
The Shanghai Cooperation Organization is coming of age
More than two and half decades after it was founded as a regional security organization to secure porous borders in the depths of Central Asia, the Shanghai Cooperation Organization (SCO) is coming of age as it expands its reach and agenda.
BEYOND THE BOSPORUS: Acquisitive arm of Turkish regime takes over ammunition maker Assan
Gulenism and espionage charges cited. TMSF now manages 858 companies.
Chinese carmakers lose ground in Turkey
Era of “price-performance dominance” appears to be fading, but giant EV maker BYD Auto is bucking the trend with surging sales.
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Turkey breaks ground on its section of the TRIPP rail corridor
Turkish project would help make TRIPP the go-to route for Middle Corridor freight.
Turkey’s “fast lane” transport minister hit with motorway speeding ticket
Abdulkadir Uraloglu posted video of himself driving at 225 km/h, with clip set to folk music and Erdogan speeches on infrastructure.
Mapping global drought risk - Statista
By 2050, more than 1.6bn people, including almost 20% of the African population, will be exposed to severe and extreme droughts, if a pessimistic scenario plays out, according to a report by INFORM Climate Change.
Turkey to re-try contested sale to US embassy of Ataturk Forest Farm land plot
In a complaint, the Ankara Chamber of Architects argued that the sale breached the legal testament of Mustafa Kemal Ataturk, founding father of modern Turkey.
Domestic FX loans extended by Turkish banks breaking records
Government's return to orthodox economic policies caused lira interest rates to surge. Companies turned to FX loans. Caps were introduced but lending still boomed.
Some positive movement on Borsa Istanbul, but tread with care
Stay wary of "moustaches" setting bull traps.
Digital brokerage firm Midas raises $80mn via largest fintech funding round in Turkey
Midas has raised an $80mn in a Series B funding round, which marked the largest investment round executed by a fintech company in Turkey, the digital brokerage platform said on August 19.
Turkey dismisses main opposition CHP mayor of Beyoglu district in Istanbul
Turkey’s interior ministry has dismissed Beyoglu mayor Inan Guney, who was detained on August 16 and officially arrested on August 18, the ministry said on August 19.