Turkey

Turkey Embarks on Ambitious Rocket Launching Facility Project in Somalia

4 days ago

In a groundbreaking development for both nations, Turkey has unveiled plans to construct a state-of-the-art rocket launching facility in Somalia. This initiative marks a significant step in Turkey's expanding footprint in Africa, particularly in the field of space exploration and aerospace technology. The announcement was made amidst a backdrop of increasing collaboration between Turkey and various African nations, positioning Turkey as a key player in the continent’s technological advancements.

Turkey Imposes $75 Million Fine on Google Amid Antitrust Investigation

8 days ago

Turkey's Competition Authority has dealt a significant blow to tech giant Google, imposing a hefty fine of approximately $75 million following an extensive antitrust investigation. This decisive action is a clear indication of the Turkish government's commitment to enforcing competition laws, particularly in the rapidly evolving digital advertising sector.

Turkey's Aydem Group Eyes IPO for Power Grid Operators in 2025

8 days ago

In a significant move signaling its expansion ambitions, Turkey’s Aydem Group has announced plans to initiate initial public offerings (IPOs) for its power grid operators in 2025. This strategic decision is expected to bolster the company’s capacity for capital generation and enhance its operational growth potential in the renewable energy sector.

Alibaba-backed Trendyol Explores $1 Billion Fundraising Round Amidst E-commerce Expansion

22 days ago

Trendyol, Turkey's leading e-commerce platform backed by Alibaba Group Holding Ltd., is reportedly in discussions to raise an impressive $1 billion in its latest funding round. This significant capital influx aims to fuel the site’s ambitious growth plans and strengthen its market position against increasing competition in the rapidly evolving online shopping landscape.

Vodafone Sees Mixed Performance: German Sales Dip but African and Turkish Markets Thrive

1 month ago

In a recent report, Vodafone Group has revealed a notable decline in its mobile service revenues in Germany, reflecting broader challenges in the European telecom market. However, this downturn was counterbalanced by significant growth in Vodafone's operations in Africa and Turkey, showcasing a more complex financial landscape for the telecommunications giant.

Tether Proposes Use of USDT for Turkey's Borate Mining Sector

2 months ago

In a significant move aimed at enhancing the Turkish borate mining industry, Tether, the company behind the widely used stablecoin USDT, has reached out to the Turkish government with a proposal. The request encourages the nation to consider integrating the digital token into its mineral extraction and trade processes, particularly focusing on borate minerals, which are essential in a variety of industries, including glass manufacturing, ceramics, and agriculture.

Turkey Shelves Plans to Tax Gains from Stocks and Crypto Market

3 months ago

In a major development, Turkey has shelved a plan to levy a tax on gains from both the stock and cryptocurrency markets, to spur the financial markets and bolster the number of investors in the midst of whirling economic fluctuations.