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October 14, 202617°
BIST10012,251
+0.82%
USD49.37
+0.07%
EUR55.21
+0.01%
GOLD4,185.50
+0.20%
INTEREST37.00%
-1.00
BITCOIN83,653
+0.67%
October 14, 202617°

Markets & Finance

195 articles

Economy

President Donald Trump says US will refill strategic reserves with Venezuelan oil
President Donald Trump said on social media that the United States would refill its strategic oil reserves under a deal reached with Venezuela. Saying the process would begin very soon, Trump described it as a gift from Venezuela to the American people and claimed that control had been secured over most of the country’s more than 65 billion barrels in reserves.
Turkish firms target the Syrian market with 33 stands at Damascus International Fair
Turkish firms are showcasing their products and services at 33 stands at the Damascus International Fair, particularly in construction, food, chemicals, technology, energy and industry. The companies are meeting with Syrian businesspeople and buyers to explore trade, investment and new dealership opportunities while highlighting challenges related to transportation, accommodation, labor and regulations.
Türkiye conditionally approves Paramount’s acquisition of Warner Bros.
The Competition Authority conditionally approved Paramount’s acquisition of Warner Bros. subject to commitments addressing competition concerns in Türkiye.
Türkiye publishes Emissions Trading System regulation in Official Gazette
The Türkiye Emissions Trading System regulation establishes the legal framework for the national carbon market and aims to reduce greenhouse gas emissions. Facilities covered by the system will monitor and report their emissions and surrender the required allowances corresponding to their verified emissions.
Trump announces major oil deal with Venezuela covering 65 billion barrels in reserves
Trump announced that an oil agreement covering 17 strategic fields in Venezuela had been signed. Delcy Rodriguez said the deal envisages more than $100 billion in investment and over $209 billion in tax revenue for the state.
Erdoğan approves 5,000-megawatt energy partnership with Saudi Arabia
President Recep Tayyip Erdoğan approved an intergovernmental agreement providing for the development of renewable energy projects between Türkiye and Saudi Arabia. In the first phase, two solar power plants with a combined capacity of 2,000 megawatts will be built in Sivas and the Taşeli region of Karaman.
Azerbaijan-Uzbekistan partnership is creating a new balance in the Turkic world
Azerbaijani President Ilham Aliyev’s visit to Uzbekistan on August 23, 2026, highlighted new transport and energy opportunities for Türkiye, alongside the strategic ties between the two countries. A plan for $5 billion in Azerbaijani investment in Uzbekistan’s tourism sector was among the prominent outcomes of the visit.
Competition probe launched into 18 agricultural sector companies
The Turkish Competition Authority has launched an investigation into 18 companies operating in the plant protection and plant nutrition products market. The investigation will examine the possible effects of sharing competitively sensitive information such as product prices, sales volumes, targets, payment terms and discount rates.
Iran calls on countries not to enforce new US sanctions
Iran’s Foreign Ministry called on all countries not to implement the United States’ new economic sanctions against Iran. The ministry argued that countries joining the sanctions would help Washington impose its will on other states, while the US administration also threatened third countries cooperating with Iran with sanctions.
Türkiye’s solar power generation hit a monthly record of 5.37 billion kWh in July
Türkiye’s total electricity generation reached 34.6 billion kWh in July, while solar power’s share rose to 15.5%. Generation from domestic sources reached a monthly record of 24.75 billion kWh, while renewable generation hit a monthly record of 20.14 billion kWh.

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