China's Instagram Rival Xiaohongshu Boosts Annual Profit to $1 Billion Ahead of Potential IPO

Xiaohongshu Technology Co., the company behind the popular Instagram-like app Xiaohongshu, expects to double its profit in 2024, surpassing $1 billion. This could...

Active Bank/Utku: Building Financial Bridges with Collaborations Among 450 Banks Across the African Continent

Foreks - Aktif Bank continues its pioneering efforts in the field of international banking. The only Turkish bank with a stand at the Africa Finance Summit held i...

OYAK Cement's Ready-Mixed Concrete Plant Capacity Increase Project Receives 'No EIA Required' Decision

In relation to the ready-mixed concrete facility capacity increase project planned by OYAK Cement, the decision of 'Environmental Impact Assessment is not require...

AİMSAD/Kaçak: The Sector with a Current Surplus Will Maintain Its Export Momentum

The woodworking machinery sector, which closed the previous year with 160 million dollars in exports, is preparing to end 2024 with the same figure. Since 2017, t...

BRSA Releases Updated Banking Data: Limited Decrease in KKM

The Banking Regulation and Supervision Agency (BDDK) has published weekly banking data. The net general position of the banking sector in foreign currency was rec...

World Bank Provides $250 Million Aid to Turkey's Earthquake Regions

The World Bank's Board of Executive Directors has approved a financing of $250 million to strengthen the agricultural sector in areas of Turkey affected by the Fe...

Access to Global Cryptocurrency Exchanges Restricted from Turkey

The Capital Markets Board (CMB) imposed a ban on the cryptocurrency exchange MEXC in Turkey with a decision made on December 11, 2024. This decision is believed t...

Domestic Residents' Foreign Currency Deposits Drop by 3 Billion Dollars

Forex - The foreign currency deposits of domestic residents decreased by $3 billion to $162.71 billion in one week.

According to data released by the Central Ba...

Tether Secures Virtual Asset Approval from the United Arab Emirates

Forex - Tether has announced that it is one of the first stablecoin providers to have USDT approved as a virtual asset (AVA) in the Abu Dhabi Global Market (ADGM)...

Turkey's External Debt Payments This Year Reach $35.27 Billion

Forex - Turkey's external debt repayments this year amounted to $35 billion 267.19 million. According to the data released by the Central Bank, in the week of Dec...

Sanica Isı Secures 73.7 Million TL Order

Foreks - Sanica Isı received a total order of 73.7 million TL. In the statement made to KAP, it was mentioned, "A total of 73,716,983 TL worth of orders was recei...

TABLE - CBRT Analytical Balance Sheet

Forex -

Turkey's Central Bank Reserves Surge by $1.65 Billion

Forex - The Central Bank of the Republic of Turkey (CBRT) reserves increased by 1 billion 652 million dollars in the past week. According to the weekly data from ...

MARKET OVERVIEW - Spot electricity price reaches 2454.39 TL/MWh

In the Day-Ahead Market (DAM) operated by the Energy Exchange Istanbul (EPİAŞ), the arithmetic average of electricity consumption prices for December 13 was 2454....

Market Insight: 150 Tons of Cotton Transactions Recorded on the IHB

Forex - A transaction of 150 tons of cotton took place at the Izmir Commodity Exchange.
42 colors of 75 tons of Menemen cotton were sold for 55.00 TL on a one-w...

Foreign Residents Made Stock Sales

Forex - In the week of December 6, non-residents made a net sale of $157.6 million in equities, adjusted for market price and exchange rate movements. According t...

MARKET OVERVIEW - The reference price in the spot natural gas market reached 12,101.35 TL.

In the spot natural gas market, the reference price for one thousand cubic meters of natural gas was 12,101.35 TL yesterday. The price of natural gas was at the l...

ServiceTitan Sets IPO Price at $71 per Share for 8.8 Million Shares

ServiceTitan, Inc. (TTAN), a software platform managing the work of craftspeople, announced today the pricing of its initial public offering (IPO) of 8,800,000 sh...

Profit of Financial Leasing Companies Reaches 14.21 Billion TL in 10 Months

The Banking Regulation and Supervision Agency (BRSA) announced that the profit of financial leasing companies in the first 10 months of the year was 14.21 billion...

Decline Continues in KKM and Participation Accounts

Forex - The decline in currency-protected TL deposits and participation accounts continued.

According to data from the Banking Regulation and Supervision Agency...

Minister Şimşek Highlights Current Account Deficit

Minister of Treasury and Finance Mehmet Şimşek stated in his remarks regarding the balance of payments data that the annual current account deficit has decreased ...