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

Turkey

Turkey

November 11, 2026

Ankara 11:41 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

Members of parliament from the ruling AK Party (AKP) and Republican People's Party (CHP) scuffle during a debate at the parliament in Ankara early March 30, 2012. The Turkish parliament is hotly debating a bill overturning a 1997 law, imposed with the backing of the military, which extended compulsory education to eight from five years and stopped under-15s attending religious "imam hatip" schools. Parliamentarians on Thursday accepted a proposal from Prime Minister Tayyip Erdogan's AK Party to offer option

The Coming Political Crisis in Turkey

Cengiz Çandar foresees a political crisis in this year as Prime Minister Recep Erdogan's ruling AKP party pushes a draft constitution that would dramatically expand his powers.

Foreign Ministers Hoshiyar Zebari of Iraq, Walid al-Moualem of Syria and Ahmet Davutoglu of Turkey, and Secretary General of the Arab League Amr Moussa (R) chat before their meeting at the Ottoman-era Ciragan Palace in Istanbul September 17, 2009. REUTERS/Osman Orsal (TURKEY POLITICS)

More Uncertainty on Turkey’s Eastern Flank in 2013

Turkey can expect more problems in dealing with both Iraq and Syria in 2013, writes Semih Idiz.

Soldiers of the German armed forces Bundeswehr stand next to a radar-unit (L) and a PAC-2 launcher of a "Patriot" missile battery during a press rehearsal in the north German village of Warbelow December 18, 2012. Germany's lower house of parliament, the Bundestag, last week approved the sending of two Patriot batteries and 400 soldiers to Turkey as part of a NATO plan to protect the country from any spread of the Syrian conflict. REUTERS/Tobias Schwarz (GERMANY - Tags: POLITICS MILITARY CONFLICT)

Iran-Turkey Rivalry Worsens Over Patriot Deployment

Kadri Gursel writes that Iran's fury at NATO's deployment of Patriot missiles to Turkey is also related to Anakara and Tehran's competing interests in Syria.

Supporters of the Saadet (Felicity) Party burn an Israeli flag as they shout anti-Israel slogans during a protest in Istanbul, December 2, 2012. REUTERS/Osman Orsal (TURKEY - Tags: POLITICS CIVIL UNREST TPX IMAGES OF THE DAY)

Does Turkey Benefit From Cold War With Israel?

Turkish Prime Minister Recep Tayyip Erdogan believes that Turkey may benefit from a cold war with Israel, writes Kadri Gursel.

Demonstrators hold a minute of silence during a protest against Kurdistan Workers' Party (PKK) in central Istanbul October 23, 2011. The Turkish military said on Saturday its forces had killed 49 Kurdish militants in the southeast over the last two days, during an offensive to avenge the killing of 24 soldiers by Kurdish fighters earlier this week. REUTERS/Murad Sezer (TURKEYPOLITICS CONFLICT - Tags: POLITICS CIVIL UNREST) CONFLICT)

Watch Turkey's Youth in 2013

Tulin Daloglu writes that Turkey's youth is becoming increasingly politicized in opposition to Prime Minister Recep Tayyip Erdogan's policies.

Turkish Foreign Minister Ahmet Davutoglu (L), Egyptian Foreign Minister Mohamed Kamel Amr (C) and Iranian Foreign Minister Ali Akbar Salehi attend a news conference after a meeting regarding the Syrian crisis, in Cairo September 17, 2012. Saudi Arabia stayed away from a meeting on the Syria crisis convened by regional powers on Monday, setting back a forum grouping Iran - President Bashar al-Assad's main Middle East ally - and his leading opponents in the region. The "contact group" of Egypt, Iran, Turkey a

Turkey Claims Iran Providing Logistical Support for PKK

Relations between Iran and Turkey are likely to deteriorate in 2013, including over the PKK and the Patriot missile deployment, writes Cengiz Çandar.

Soldiers of the German armed forces Bundeswehr stand next to a PAC-2 launcher of a "Patriot" missile battery during a media rehearsal in the north German village of Warbelow December 18, 2012. Germany's lower house of parliament, the Bundestag, last week approved the sending of two Patriot batteries and 400 soldiers to Turkey as part of a NATO plan to protect the country from any spread of the Syrian conflict. REUTERS/Tobias Schwarz (GERMANY - Tags: POLITICS MILITARY CIVIL UNREST)

NATO Patriot Missiles Show Turkey's Military Weakness

Kadri Gursel writes that Turkey's request for NATO Patriot missiles reveals its lack of capacity and few other options to handle regional threats.

Turkey's Prime Minister and leader of ruling Justice and Development Party (AKP) Tayyip Erdogan (R) and his guest Egypt's President Mohamed Mursi greet the audience during AK Party congress in Ankara September 30, 2012. Erdogan trumpeted Turkey's credentials as a rising democratic power on Sunday, saying his Islamist-rooted ruling party had become an example to the Muslim world after a decade in charge. Addressing thousands of party members and regional leaders at a congress of his Justice and Development (

The Turkish 'Model' For Authoritarianism in Egypt

Both Turkey and Egypt may be models for a new authoritarianism and more confrontational societies, writes Cengiz Candar.

Syrian children from the northern Syrian town of Ras al-Ain are pictured near the Turkish border fence as gunfire is heard between the Free Syrian Army and the armed Kurds of the Kurdish Democratic Union Party (PYD) in the northern Syrian town of Ceylanpinar, November 25, 2012. Iran said Turkey's plans to deploy Patriot defensive missiles near its border with Syria would add to the region's problems, as fears grow of the Syrian civil war spilling across frontiers. REUTERS/Amr Abdallah Dalsh (TURKEY - Tags

Turkey Will Pay a High Price After Assad

By throwing its lot completely with Syria’s Muslim Brotherhood, Turkey will sustain costs whether Syrian President Bashar al-Assad stays or goes, writes Kadri Gursel.

Turkey's Prime Minister Tayyip Erdogan delivers a speech as he campaigns ahead of the March 29 local elections in southeastern city of Diyarbakir February 21, 2009. Diyarbakir, the biggest city of Turkey's impoverished Kurdish southeast, is a battleground in local elections seen as a referendum on Erdogan's AK Party. The AK Party is seeking to gain fresh legitimacy after it narrowly escaped a legal attempt by its secularist opponents to ban it for Islamist activities in 2008. REUTERS/Osman Orsal (TURKEY)

New 'Party of God' Will Divide Kurdish, Turkish Islamists

Turkey's newest political party, Huda-Par, a legal Islamic Kurdish party from within Hezbollah, marks a rapid divergence of the paths of Kurdish and Turkish Islamists, writes Kadri Gursel.

Turkish workers work to reinforce the border fence between the northern Syrian town of Ras al-Ain and the Turkish border town of Ceylanpinar, Sanliurfa province November 21, 2012. NATO member states have agreed to supply Turkey with an advanced Patriot missile system to defend against Syrian attacks and talks on its deployment are in the final stage, Turkey's foreign minister Ahmet Davutoglu said on Tuesday. REUTERS/Amr Abdallah Dalsh (TURKEY - Tags: POLITICS CONFLICT MILITARY TPX IMAGES OF THE DAY)

Turkey Prepares for Life After Its Syrian Quagmire

Cengiz Çandar writes that Turkey is counting down the last days of the Bashar al-Assad regime and in delight and relief.

Russia's Prime Minister Dmitry Medvedev attends a meeting with members of the United Russia party at the Gorki residence outside Moscow August 10, 2012. REUTERS/Dmitry Astakhov/RIA Novosti/Kremlin (RUSSIA - Tags: POLITICS) THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. IT IS DISTRIBUTED, EXACTLY AS RECEIVED BY REUTERS, AS A SERVICE TO CLIENTS

Is there a Syrian Medvedev?

To find a solution in Syria, the US should consider a renewed parallel diplomatic track with Moscow, Tehran and Ankara. The objective: Encourage the emergence of a "Syrian Medvedev," a transitional figure acceptable to the regime, the Syrian people and the relevant outside powers.