IEA offers five pillars for action at the COP28 climate summit

by Roberta Harrington in Los Angeles November 29, 2023

Renewable energy should be tripled globally by 2030. That is the first of five pillars of action from the International Energy Agency for the COP28 climate summit starting on November 30 in Dubai.

Host UAE planned to use COP28 for oil deals

by Roberta Harrington in Los Angeles November 29, 2023

COP28 host, the United Arab Emirates, has planned to use its status at the UN annual climate conference in Dubai to make new oil and gas deals with as many as 15 member nations, according to leaked briefing documents obtained by the BBC.

Raisi no-show suggests Iran irked by Turkey’s "words not action" posture on Gaza

bne IntelIiNews November 28, 2023

Turkish companies provide Israel with 40% of its oil and at least 7% of its electricity. Tehran would like to see that stop.

Turkey equipping Moscow’s war machine, data shows

bne IntelIiNews November 27, 2023

While Ankara records show “dual-use” goods going to Central Asia and Caucasus, trade registry discrepancies across region indicate items actually go to Russia.

Turkey beats market expectations with another 500bp rate hike

Akin Nazli in Belgrade November 23, 2023

Benchmark now stands at 40% versus 8.5% at the start of the tightening cycle in June.

Turkey again spikes wheels of Sweden’s Nato bid

bne IntelIiNews November 23, 2023

Ankara reportedly informs defence alliance that ratification has hit delays ahead of big meeting of Western top diplomats.

COMMENT: Governments are failing us on climate change as COP28 nears

Roberta Harrington in Los Angeles November 22, 2023

The outcome of COP28 won’t save the world from climate chaos. That much is clear, with major economies failing on climate change, the US continuing to drill fossil fuels and China building more coal-burning plants.

Brazilian butt-lift death prompts Turkey-UK meeting over medical tourism

bne IntelIiNews November 21, 2023

British Foreign Office aware of more than 25 Britons who have died since January 2019 following medical procedures in Turkish clinics.

INTERVIEW: Green transition must be a just transition, says EBRD chief economist

Clare Nuttall in Glasgow November 21, 2023

EBRD research shows majority in transition countries believe climate change will severely affect the children of today, but fewer people are willing to pay to address the climate emergency.

Boom in bounced cheques shows Turkey in grip of liquidity crunch

bne IntelIiNews November 20, 2023

Number not honoured by banks due to insufficient funds has shot up in past few months.

SDS storms fed by sand and dust equal in weight to 350 Great Pyramids of Giza, says UNCCD

bne IntelIiNews November 19, 2023

Sometimes known as the sirocco, haboob, yellow dust, white storm or harmattan, the phenomenon that engulfs everything in its path can be a costly disaster.

Erdogan’s nephew sells 20% stake in BinBin Scooters’ parent company via Istanbul IPO

Akin Nazli in Belgrade November 19, 2023

Transaction concluded for 1.2bn lira ($41mn).

Erdogan set to push Scholz for Eurofighter jet sales in Berlin meeting

bne IntelliNews November 17, 2023

German chancellor expected to block any such deal. Tensions between Turkey and allies on approach to Israel and Sweden’s Nato application among obstacles.

Erdogan slams Israel as “terror state” as lieutenants file “genocide” case at world court

bne IntelIiNews November 16, 2023

“Hitler of the 21st century” Israeli PM Netanyahu must stand trial for crimes against humanity, says attorney of Turkey’s ruling party.

Turkey’s Mersin Port sells $600mn of five-year eurobonds at 8.25% coupon

Akin Nazli in Belgrade November 14, 2023

Refinancing relates to country's first ever infrastructure bond issue.

October 2023 capped the hottest 12 months in recorded history

by Roberta Harrington in Los Angeles November 14, 2023

A new analysis of international data, released by Climate Central, reveals that global temperatures have broken records over the past 12 months.

Turkish power generator Karpowership to start supplying South Africa electricity in 2024

Elena Kachkova in Johannesburg November 14, 2023

Turkey’s power generator Karpowership, which has the world's largest fleet of floating power stations, expects to start producing 450 MW of electricity in South Africa in 2024.

Central Asia land degradation data demonstrates rapid advance of crisis worldwide says UNCCD

bne IntelIiNews November 13, 2023

Data shows that in region an area almost four times the size of Kyrgyzstan is degraded.

Turkey’s Getir to acquire New York-based FreshDirect from Amsterdam-listed Ahold Delhaize

Akin Nazli in Belgrade November 13, 2023

Rapid groceries company looking for change in fortunes following collapse in valuation.

Erdogan accused of using clash between courts in bid to kill constitution

bne IntelIiNews November 10, 2023

Analysts warn huge rule of law row could wreck efforts to bring in foreign capital to help end Turkey’s economic crisis.