Middle-east Arab News Opinion | Asharq Al-awsat

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Business and residential buildings are seen in Sisli district in Istanbul, Turkey May 6, 2016. REUTERS/Murad Sezer/File Photo

Turkey: Five Industry Bases to Attract Petrochemicals Investments

by Saeed Abdelrazek | Sep 10, 2017 | Business

Ankara- The Turkish government plans to establish mega industry bases in five regions, each of which is expected to have at least 3,000 hectares of land. Giant investments are expected to significantly reduce the country’s current account deficit, while...

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German Chancellor Angela Merkel, a top candidate of the Christian Democratic Union Party (CDU) for the upcoming general elections, gestures during an election rally in Ludwigshafen, Germany, August 30, 2017. REUTERS/Kai Pfaffenbach

Merkel Pushes EU to Halt Turkish Accession Talks 

by Saeed Abdelrazek | Sep 9, 2017 | World

Ankara- German Chancellor Angela Merkel has said she would discuss with European leaders the “suspension” of Turkey’s membership talks and push them to agree on a “joint stance” from the country. She told the German Bundestag lower house of parliament on Friday that...

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Lines of cars are pictured during a rush hour traffic jam on Guomao Bridge in Beijing. Photo: Reuters

Turkey’s Economic Confidence Index Highest in 5 Years

by Saeed Abdelrazek | Aug 31, 2017 | Business

Ankara- Turkey’s economic confidence index increased by 2.5 percent to 106 points in August, its highest level since July 2012, the Turkish Statistical Institute (TurkStat) said this week. The institute noted that monthly hikes in real, services, retail trade...

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Containers waiting to be transported at the port of Qingdao, China, on March 7, 2014. (STR/AFP/Getty Images)

Turkish Exports Rise 28% in July

by Saeed Abdelrazek | Aug 30, 2017 | Business

Ankara- Turkish Statistical Institute said Tuesday that Turkey’s exports in July increased by 28.3 percent compared to the same month last year reaching $12.64 billion, while imports, on the other hand, also rose by 46.2 percent to hit $21.48 billion. In the...

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A money changer counts Turkish lira bills at a currency exchange office in Istanbul. (Reuters)

Turkish Economy Targets 10th Place Worldwide by 2023

by Saeed Abdelrazek | Aug 29, 2017 | Business

Ankara – The Turkish government aims to push its economy to the tenth place in the world, and the third in Europe by 2023. Turkish Economy Minister Nihat Zeybekçi stated that an International Monetary Fund (IMF) report issued last week showed that the Turkish...