Turkish economy

Turkish President Recep Tayyip Erdogan greets Iraq Prime Minister Ali al-Zaidi upon his arrival in Ankara, July 28, 2026.

Explainer

Erdogan hosts Zaidi, touts ‘historic step’ in Turkey-Iraq energy ties

The Turkish president outlined Ankara’s priorities with the new Iraqi government during the Iraqi leader’s first visit to Turkey: security, energy cooperation and the Development Road.

Vendors sell dry food as people shop by a banner reading " No to Inflation" near the New Mosque area in Istanbul's Eminonu district on Nov. 6, 2018.

Analysis

Iran war puts Turkey’s inflation fight, lira under fresh pressure

A prolonged Iran war is leaving Turkey's economy management caught between maintaining painful monetary tightening and cutting rates before the economy is ready.

Barin Kayaoglu

By Barin Kayaoglu

In Ankara, reporting on geopolitics and national security

Canada's Prime Minister Mark Carney (R) is welcomed by Turkey's Treasury and Finance Minister Mehmet Simsek upon arrival at Esenboga Airport to attend the 36th NATO Heads of State and Government Summit in Ankara on July 7, 2026. (Photo by Muhammed Abdullah Kurtar / POOL / AFP via Getty Images)

Canada, Turkey launch free trade talks on NATO summit sidelines

Trade between the two countries stood at $4.3 billion in 2025, and officials from both countries will meet to lay the groundwork for the first FTA negotiations.

Syrian textile employees work in a textile workshop in Gaziantep, Turkey, on Jan. 30, 2025.

Explainer

Turkey eases job rules for 1M+ Syrians under temporary protection: What to know

The move, part of a broader easing of restrictions on Syrians living in Turkey, could allow roughly 1.1 million working-age Syrians to enter registered employment more easily as Ankara seeks to reduce informal labor and address workforce gaps.

Latest News

Explainer

Venezuela’s Delcy Rodriguez meets Erdogan in surprise Turkey visit: What to know

https://www.al-monitor.com/originals/2026/06/will-pashinyans-victory-armenia-be-enough-unlock-peace-turkey-azerbaijan

Turkey’s NATO pipeline bid fuels rivalry with Greece: What to know

OLE BERG-RUSTEN/NTB/AFP via Getty Images

Turkey, Armenia to launch direct trade in normalization push: What to know

Turkey’s President Recep Tayyip Erdogan, right, and Armenia’s Prime Minister Nikol Pashinyan shake hands before a meeting at Prague Castle in Prague, Czech Republic, Thursday, Oct. 6, 2022.

Analysis

Iraq’s Zaidi offers economic promise for Turkey but unknowns loom

Zaidi

Barin Kayaoglu

By Barin Kayaoglu

In Ankara, reporting on geopolitics and national security

CORLU, TURKEY- MARCH 2: A B model of Bayraktar AKINCI TİHA (Assault Unmanned Aerial Vehicle) in the sky on March 2, 2022 in Corlu, Turkey. (Photo by Baykar Press Office/dia images via Getty Images)

Turkey’s Baykar tests K2 swarm kamikaze drones for first time: What to know

Baykar tested its K2 and new loitering drones, featuring AI-driven swarm capabilities and the ability to operate under GPS jamming.

Turkey’s President Recep Tayyip Erdogan speaks to MPs at his party's group meeting in the Turkish parliament on Jan. 21, 2026 in Ankara, Turkey.

Analysis

How the Iran war is giving Turkey's Erdogan a big boost

Opinion polls show Turks turning to Erdogan as a steady hand during the war, even as the country's finances remain fragile.

Amberin Zaman

By Amberin Zaman

Reporting on geopolitics, minorities, human rights, culture

Sedat Suna/Getty Images

Analysis

Energy storage keeps Turkey stable, but long war risks fragile economy

Turkey avoids an immediate energy crunch thanks to storage and diversified supply, but soaring prices and prolonged disruption threaten inflation.

Barin Kayaoglu

By Barin Kayaoglu

In Ankara, reporting on geopolitics and national security

Yasin AKGUL / AFP via Getty Images

Analysis

Oil-price hikes from Iran war threaten Turkey's rate cuts in inflation fight

Surging oil prices and regional disruptions could halt monetary easing and widen Turkey’s current account deficit.

Ezgi Akin

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

Marco Simoncelli / AFP via Getty Images

On first Horn of Africa trip in 10 years, Erdogan cautions Ethiopia over Somaliland

Turkey opposes Somaliland's recognition to protect its strategic military foothold in Mogadishu and the Red Sea.

Turkish President Recep Tayyip Erdogan looks on as Greek Prime Minister Kyriakos Mitsotakis (not pictured) addresses the media during a joint press conference at the Presidential Complex, Ankara, Turkey, Feb. 11, 2026.

Turkey’s Erdogan heads to Ethiopia amid tensions over Horn of Africa

The Turkish leader is expected to raise Ankara’s concerns over Somalia’s territorial integrity while discussing ways to deepen bilateral ties with Addis Ababa.

Photo of a waving Turkish flag in the sky with a jet flyover behind, and a crowd below holding flags, captured on Izmir's liberation anniversary.

Analysis

Turkey courts Saudi Arabia on Kaan, but stealth fighter deal faces hurdles

Turkey is pitching Saudi Arabia on a potential role in its Kaan stealth fighter program, but analysts say Riyadh is more likely to deepen cooperation with Ankara on drones, helicopters and air defense.

Barin Kayaoglu

By Barin Kayaoglu

In Ankara, reporting on geopolitics and national security

Iranian Foreign Minister Abbas Araghchi (R) speaks with Turkish Foreign Minister Hakan Fidan (L) during the 51st session of the Council of Foreign Ministers of the Organization of Islamic Cooperation in Istanbul, on June 21, 2025.

Analysis

Turkey braces for Iran fallout: Trade disruptions, refugees and shifting geopolitics

Turkey is urging restraint between Tehran and Washington as unrest in Iran and the US president's threats heighten fears in Ankara of disrupted trade routes, refugee flows and a regional shift that could strengthen Israel.

Barin Kayaoglu

By Barin Kayaoglu

In Ankara, reporting on geopolitics and national security

Turkey's Foreign Minister Hakan Fidan listens to Iran's foreign minister during a joint press conference, in Tehran on Nov. 30, 2025.

Turkey's Fidan to visit UAE as Iran unrest, Gulf tensions intensify

The top Turkish diplomat’s UAE visit coincides with heightened Gaza diplomacy, growing tensions between Riyadh and Abu Dhabi, and escalating unrest in Iran.

Turkish President Recep Tayyip Erdogan (L) gestures as he welcomes Crown Prince of Saudi Arabia Mohammed bin Salman (R) during an official ceremony at the Presidential Complex in Ankara, on June 22, 2022.

Analysis

Amid Saudi-UAE rivalry, Turkey courts Riyadh without crossing Abu Dhabi

Turkey is moving closer to Saudi Arabia on key regional security files from Yemen to Gaza, while carefully avoiding a rupture with the United Arab Emirates.

Ezgi Akin

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

ADEM ALTAN/AFP via Getty Images

Erdogan denies Turkey informed of US exile offer for Maduro prior to capture

While denying knowledge of a US exile plan for Nicolas Maduro, the Turkish president has been reluctant to directly criticize Washington over the Venezuelan leader’s capture.

Somalis celebrate the victory of Turkish President Recep Tayyip Erdogan after he won the presidential run-off election during the celebration organized by the government in Mogadishu, on May 29, 2023.

Analysis

Turkey casts Israel’s Somaliland move as overreach, but Somalia’s fragility poses risks

Israel’s recognition of Somaliland is widely dismissed in Ankara as a strategic overreach, but it is nevertheless exposing the limits of Turkey’s influence in Somalia.

Barin Kayaoglu

By Barin Kayaoglu

In Ankara, reporting on geopolitics and national security