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News
GITEX VP: Türkiye is 'perfect sandbox' for AI growth
1+ day, 12+ hour ago (564+ words) Bilal Alrais, vice president of the major technology event GITEX, has described Türkiye as a "perfect sandbox" for artificial intelligence companies seeking to expand globally, citing the country's robust engineering talent, substantial government backing and extensive network of technology parks…...
Brent crude tops $108 as US-Iran war extends
2+ day, 11+ hour ago (623+ words) The sharp gains erased steep losses recorded earlier this year, with rising geopolitical risks reversing the decline seen in oil markets during early summer trading. WTI has recovered the losses registered in June and July, while Brent is trading well…...
GITEX AI Türkiye summit concludes in Istanbul
2+ day, 11+ hour ago (606+ words) The GITEX AI Türkiye summit concluded its two-day run in Istanbul on Thursday after hosting global technology giants, investors and local startups seeking to expand into international markets, according to Anadolu Agency. Industry and Technology Minister Mehmet Fatih Kacir delivered…...
Türkiye ports handle 369.8M tons cargo in 8 months
2+ day, 14+ hour ago (644+ words) Container throughput totaled 9.57 million twenty-foot equivalent units (TEUs) during the eight-month period, Uraloglu said. Containerized cargo handled at the country's ports reached 98.76 million tons, contributing significantly to the overall volume. "Liquid bulk cargo handling amounted to 112.66 million tons, while general…...
Havelsan and AOI sign deal for Hamza-1 drone sales
2+ day, 20+ hour ago (567+ words) The deal follows an August 2025 cooperation agreement that established the framework for manufacturing the aircraft in Egypt, combining Havelsan's autonomous systems expertise with AOI's localized production capabilities. Havelsan drew upon its technological portfolio developed for domestic platforms including the Baha,…...
ECB hikes rates 25 bps, upgrades euro area growth forecasts
2+ day, 21+ hour ago (603+ words) The European Central Bank on Thursday raised its three key interest rates by 25 basis points to counter inflationary pressures fueled by the Middle East conflict, taking the deposit facility rate to 2.5%, according to an official statement. The bank confirmed that…...
Türkiye unveils tax incentives to become global powerhouse
2+ day, 21+ hour ago (627+ words) He explained that multinational technology corporations establishing global business centers in Istanbul qualify for full corporate income tax exemptions alongside specific individual income tax benefits. Dağlıoğlu said a new non-domicile program exempts foreign earnings from taxes for 20 years and reduces…...
Azerbaijan confirms two citizens killed in Black Sea drone strike
2+ day, 22+ hour ago (602+ words) Azerbaijan's Foreign Ministry confirmed on Thursday that two of its nationals were killed in a drone strike targeting the foreign cargo ship TEDY in the Black Sea, with two others injured in the attack that occurred near Ukrainian waters on…...
Türkiye aims to lead AI age with tech investments
2+ day, 22+ hour ago (538+ words) Türkiye's Asia-Pacific exports hit $5.7B in eight months Türkiye's exports to Asia-Pacific countries surged 18.6% year on year to reach $5.7 billion during the first eight months of the year, with China accounting for nearly half of the total volume, as the country's…...
Türkiye's Central Bank holds policy rate at 37%
2+ day, 22+ hour ago (466+ words) Simsek: Türkiye will stay course on disinflation program Treasury and Finance Minister Mehmet Simsek said Wednesday that Ankara will maintain its economic stabilization program and deliver on disinflation targets despite challenging global conditions, rejecting claims the 2027 inflation goal was raised…...