Tayyip Erdogan

ANKARA, Turkey (AP) — Turkish President Recep Tayyip Erdogan appointed a new treasury and finance minister Thursday after the previous one stepped down as the country’s currency has tumbled to record lows. Erdogan named deputy minister Nureddin Nebati to the post, according to an announcement published in the Official Gazette.…

ISTANBUL—Turkey’s central bank moved Wednesday to prop up the country’s collapsing currency, selling foreign reserves after the lira reached new lows following comments by President Recep Tayyip Erdogan in defense of his unorthodox economic policies. The lira rebounded after the bank said it was taking action to address “unhealthy price…

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RIYADH: The first Saudi Translation Forum recently concluded in Riyadh, wherein translation experts, both local and international, gathered for the two-day event to examine the main issues and challenges facing the global translation industry. The forum was held under the patronage of Prince Badr bin Abdullah bin Farhan, minister of…

ANKARA/MOSCOW (Reuters) - Turkey is ready to act as a mediator between Ukraine and Russia, President Tayyip Erdogan was cited as saying by broadcaster NTV on Monday, despite having angered Moscow by selling armed drones to Kyiv earlier this year amid tensions in eastern Ukraine. U.S., NATO and Ukrainian officials…

People stand outside a currency exchange office in Istanbul, Turkey November 23, 2021. REUTERS/Dilara Senkaya Register now for FREE unlimited access to reuters.comISTANBUL, Nov 27 (Reuters) - Turkish President Tayyip Erdogan has ordered an investigation into possible currency manipulation after the lira fell sharply to record lows against the dollar…

Turkish President Recep Tayyip Erdogan (R) and Abu Dhabi's Crown Prince Sheikh Mohammed bin Zayed Al Nahyan pose as they attend a signing ceremony regarding the agreements between the two countries at the Presidential Complex in Ankara, on November 24, 2021. AFP PHOTO ANKARA: Abu Dhabi's Crown Prince Sheikh Mohammed…

Author of the article: Reuters Daren Butler and Nevzat Devranoglu ISTANBUL — Turkey’s lira recovered as much as 7% on Wednesday after a historic slide to record lows a day earlier triggered by President Tayyip Erdogan’s defense of rate cuts, but volatility and steep price rises still worried consumers and…

Turkey’s economic crisis entered a tumultuous new phase, with its currency plunging to a fresh record low and President Recep Tayyip Erdogan preparing to meet the leader of a regional rival in search of foreign investment. The lira slid as much as 18% Tuesday, before easing slightly, threatening to further…

ISTANBUL—A currency crisis is shaking Turkey’s economy, imperiling President Recep Tayyip Erdogan’s nearly two-decade-long grip on power and upending living standards in a country that had enjoyed years of growth. The Turkish lira hit a record low against the dollar on Thursday after the Central Bank cut a key rate…