The number of Turkish visitors to Greece’s Aegean islands has surged nearly fivefold in recent years, according to Hakkı Karadeveci, chairman of the İzmir Regional Representation Board of the Association of Turkish Travel Agencies (TÜRSAB).
The inflationary effects of the conflict in the Middle East, which began on Feb. 28 when the United States and Israel launched attacks on Iran, are becoming increasingly evident.
At a roadside cafe in downtown Cairo, Abu Ali was mid domino throw when the lights snapped off under new early-closing orders enacted to curb Egypt's soaring energy bill due to the U.S.-Israel war on Iran.
Before war erupted in the Middle East, fisherman Peter Bruce spent about £5,000 ($6,600) on diesel to trawl the North Sea for haddock and cod, the main species used in fish and chips.
Türkiye’s annual inflation stood at 30.87 percent in March, while consumer prices rose 1.94 percent from the previous month, according to data announced by the Turkish Statistical Institute (TÜİK).
Besides oil and gas, Iran's blockade of the Strait of Hormuz has choked off shipments of crucial goods and raw materials to world markets.
U.S. President Donald Trump has ordered sweeping new tariffs on medicines and metals, intensifying his trade agenda a year after launching global trade wars.
Sales of Tesla vehicles rose in the past three months after a brutal year of boycotts over Elon Musk's politics but still fell short of expectations.
Murat Yalçıntaş, general manager of Türkiye's industrial group OYAK, has announced that the group is actively searching for companies in East Asia and Western markets that develop technologies serving both civilian and military purposes.
Türkiye’s installed electricity capacity reached 124,321 megawatts by the end of February, with renewable sources accounting for 62.4 percent of the total, the Energy and Natural Resources Ministry has announced.
Artificial intelligence is fundamentally transforming innovation and operational strategies across the fast-moving consumer goods (FMCG) industry, according to a study prepared by NielsenIQ in collaboration with Kearney.
Turkish e-export companies, which generate around 12 percent of their total sales from Gulf countries, are facing serious challenges due to the ongoing war in Iran and wider regional instability.
Countries’ attempts to negotiate a reopening of the Strait of Hormuz have so far failed to break the deadlock after Iran halted transit in response to U.S. and Israeli strikes, while, as of April 4, the war entered its fifth week.
The conflict in the Middle East weighed on Türkiye’s trade performance in March, as exports fell, imports rose, and the foreign trade deficit expanded.
Oil surged and stocks fell on Thursday after Donald Trump threatened further heavy strikes on Iran, and offered no solution to reopening the key Strait of Hormuz.
The World Bank is "extremely concerned" about the effect the war on Iran will have on inflation, jobs and food security, and is in talks with member states on how to address immediate needs in the crisis, a top official has told AFP.
