Turkey - AL-MONITOR: The Middle Eastʼs leading independent news source since 2012

Turkey

Turkey

November 12, 2026

Ankara 1:59 pm

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People walk past a Bitcoin sign at the entrance of a cryptocurrency exchange office on Nov. 8, 2024, in Istanbul, Turkey.

Watchdog urges Turkey to tighten digital asset rules for $144B crypto economy

A review of Turkey’s crypto-asset regulations by the Financial Stability Board acknowledged significant progress made by local authorities but called for further measures to address potential risks.

Turkish President Recep Tayyip Erdogan (L) and Central Bank Governor Sahap Kavcioglu attend a signing ceremony with Abu Dhabi’s crown prince, Sheikh Mohammed bin Zayed Al Nahyan at the Presidential Complex in Ankara on Nov. 24, 2021. ADEM ALTAN/AFP via Getty Images

Turkey’s banking watchdog chief submits resignation amid fund scandal

Turkey’s government is facing growing criticism over regulators’ failure to prevent a fund scandal involving more than $20 billion.

Chris McGrath/Getty Images

Explainer

Iran war pushes up coal use, complicating Turkey’s COP31 pledge

Turkey is asking world leaders at COP31 to back a global push to use more electricity, even as the Iran war has driven up natural gas prices and pushed some power producers back to coal.

Latest News

Turkey bars MP’s wife from travel after his fund scandal criticism: What to know

OZAN KOSE/AFP via Getty Images

Steel factory explosion in western Turkey kills at least 16

A steel worker works in front of giant iron melting pot in Kardemir Iron and Steel Factory in Karabuk, northwestern Turkey, Aug. 26 2005. (TARIK TINAZAY/AFP via Getty Images)

Analysis

Will Democrats block Trump’s push to deliver Turkey F-35s, lift sanctions?

MEHMET ESER/Middle East Images/AFP via Getty Images

Barin Kayaoglu

By Barin Kayaoglu

In Ankara, reporting on geopolitics and national security

Samuel Wendel

Senior Analyst, Middle East Business & Tech

In Washington, DC, reporting on regional business and tech

Amberin Zaman

Chief Correspondent

Reporting on geopolitics, minorities, human rights, culture

Jack Dutton

Chief Business Correspondent

In Bristol, reporting on regional business, climate change, AI, tech

Ezgi Akin

Associate Editor (Turkey)

In Ankara, reporting on diplomacy, EU-Turkey ties, NATO

Francesco Schiavi

In Bologna, reporting on security, defense, economy, governance

Barin Kayaoglu

In Ankara, reporting on geopolitics and national security

A demonstrator holds a shoe box, as a reference to what the media said are shoe boxes of cash found in the house of Halkbank CEO Suleyman Aslan, during a demonstration against Turkey's ruling Ak Party (AKP) and Prime Minister Tayyip Erdogan in Ankara December 21, 2013. Sixteen people, including the sons of two ministers, were charged on Saturday in connection with a Turkish corruption investigation that has struck at the heart of the ruling elite and threatened the authority of Erdogan. The general manager

Erdogan goes on offense against corruption charges

The government of Turkish Prime Minister Recep Tayyip Erdogan claims a foreign plot is behind the corruption charges.

Turkey flirts with Asian arms suppliers

Turkey looks east for alternatives to NATO arms markets.

Turkish academia and the Armenian genocide

Turkish newspapers have exposed attempts by official institutions to control academic research on the Armenian genocide.

Arab League-United Nations envoy Lakhdar Brahimi gestures while answering journalists' questions at the end of a news conference after a meeting on Syria at the United Nations European headquarters in Geneva December 20, 2013. REUTERS/Denis Balibouse (SWITZERLAND - Tags: POLITICS) - RTX16PPL

Iran, Saudi Arabia key to Syria peace conference

The Islamic Front snubs US Ambassador Robert Ford; Turkey rocked by scandal; reactions to the American Studies Association vote to boycott academic exchanges with Israel.

(L-R) Ministers of Turkey's ruling Ak Party (AKP) Economy Minister Zafer Caglayan, Energy Minister Taner Yildiz, Agriculture Minister Mehdi Eker and Interior Minister Muammer Guler attend a ceremony in Ankara December 18, 2013.Scores of people including the sons of Interior Minister Guler, Economy Minister Caglayan and Environment and City Planning Minister Erdogan Bayraktar, prominent businessmen close to Prime Minister Tayyip Erdogan, and local government officials were detained on Tuesday in the biggest

Pro-AKP media accuses Israel of role in Turkish corruption scandal

Turkish Prime Minister Recep Tayyip Erdogan has vowed to break the "dirty alliance" at the core of the crackdown.

A labourer works on the gold bars which are going to be melted in a smelter at a plant of gold refiner in Istanbul February 27, 2009. Gold extended gains to session highs in Europe on Friday as risk aversion spurred by worse-than- expected U.S. GDP data lifted the metal from the two-week lows it hit earlier in the day. REUTERS/Osman Orsal (TURKEY)

Iranian gold stars in Turkish corruption scandal

The CEO of Halkbank, which has been under scrutiny for bypassing US-EU sanctions on Iran, is at the center of bribery and corruption upheaval rattling Turkey.

Baris Guler (C in sunglasses), son of Turkey's Interior Minister Muammer Guler, is escorted by plainclothes police officers as he leaves a medical check-up in Istanbul December 16, 2013. Turkish police detained the sons of three cabinet ministers and several well-known businessmen as part of investigations into alleged corruption on Tuesday, state officials said, in a blow to Prime Minister Tayyip Erdogan months ahead of elections. Police carried out dawn raids in the main commercial city Istanbul, detainin

Pro-AKP media flop as corruption charges swell

The pro-AKP media fail to carry a credible message to combat corruption charges.

Istanbul police chief Huseyin Capkin (Front) leaves the police headquarters in Istanbul December 18, 2013. Turkish Deputy Prime Minister Bulent Arinc said on Wednesday a corruption investigation in which 52 people including the sons of three cabinet ministers have been detained was part of a "planned operation" to tarnish the government. In the first official comments on the investigation from a senior member of the government, Arinc also said politics would not be allowed to stand in the way of the inquiry

Crackdown shatters AKP 'anti-corruption' taboo

Anti-corruption operations targeting four ministers of Erdogan's AKP government have inflicted irreparable damage on the government's reputation and legitimacy.

Turkey's Prime Minister Tayyip Erdogan arrives for a ceremony in Ankara December 18, 2013. Scores of people including three ministers' sons, prominent businessmen close to Erdogan and local government officials were detained on Tuesday in the biggest corruption investigation since he swept to power in 2002. REUTERS/Umit Bektas (TURKEY - Tags: POLITICS) - RTX16NF0

Erdogan caught off guard in latest political crisis

Turkish Prime Minister Recep Tayyip Erdogan may opt for early elections to ride out the corruption storm.

Riot police use tear gas to disperse pro-Kurdish demonstrators during a protest in the southeastern Turkish town of Nusaybin, on the Turkish-Syrian border, November 7, 2013. Thousands of Kurds protested on Thursday against Turkish plans to build a wall along the Syrian border, calling it a move to stop Kurdish communities strengthening cross-frontier ties as Syria splinters from civil war. Nusaybin is separated from the Syrian town of Qamishli by a strip of no-man's land and barbed wire fencing. REUTERS/Str

Can Turkey’s Kurds, military ever reconcile?

A court case in Diyarbakir provides hope for the first time for reconciliation between the Turkish military and Kurdish citizens.

Protesters demonstrate against Turkey's ruling Ak Party (AKP) government and demand that Prime Minister Tayyip Erdogan's resign because of the corruption investigation in Ankara December 18, 2013. Turkish Deputy Prime Minister Bulent Arinc said on Wednesday a corruption investigation in which 52 people including the sons of three cabinet ministers have been detained was part of a "planned operation" to tarnish the government. In the first official comments on the investigation from a senior member of the go

Turkish journalists caught in cross fire of AKP-Gulen conflict

The latest corruption scandal will be no picnic to cover.

Azerbaijan's President Ilham Aliyev (L) and Turkey's President Abdullah Gul (R) attend a welcoming ceremony at the Presidential Palace in Ankara November 12, 2013. REUTERS/Umit Bektas (TURKEY - Tags: POLITICS) - RTX15AC4

Gul may be winner in Turkey’s 'mother of all battles'

Abdullah Gul and Turkish democracy may be the winners in the latest AKP-Gulen escalation.