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Business

Last update : 22 October 2026, Thursday / 10:26

Türkiye eyes joint production projects with Qatar, Pakistan, Indonesia

Haluk Görgün said the Badr Memorandum of Understanding signed by Türkiye, Qatar, Pakistan and Indonesia in Doha provides a strategic framework for joint production projects, stressing Ankara's commitment to technology sharing beyond off-the-shelf procurement models.

22 October 2026

Business

Ambani's Jio launches record $3.2 billion India IPO amid Musk feud

Jio Platforms launched India's largest-ever initial public offering on Wednesday, seeking to raise $3.2 billion as billionaire Mukesh Ambani tests digital expansion plans following a turbulent year of energy disputes and public feuding with Elon Musk.

21 October 2026

Business

Türkiye breaks ground on $4.1B Ankara data center complex

Industry and Technology Minister Mehmet Fatih Kacir said the groundbreaking ceremony in Ankara's Baskent Organized Industrial Zone marks the start of a $4.1 billion data center project, a joint venture between Ronesans Holding and Digital Realty aimed at expanding Türkiye's cloud computing infrastructure.

20 October 2026

Business

Türkiye, Spain to develop joint Hurjet trainer version

Turkish Defense Industries Secretary Haluk Gorgun said Wednesday that Ankara and Madrid will develop a joint variant of the Hurjet jet trainer incorporating Spanish subcontractor contributions, adding that the platform would initially meet Spain's requirements before being offered to other NATO members.

15 October 2026

Türkiye

Spain to buy 15 more Hurjet jets after 30-aircraft deal

Turkish Aerospace Industries CEO Mehmet Demiroglu said Spain plans to purchase 15 additional Hurjet trainer aircraft after signing a deal for 30 of the Turkish-made supersonic jets, with deliveries to the European nation scheduled to begin in 2028.

14 October 2026

Middle East

Arab carriers suspend Riyadh flights after Houthi attacks

Major Gulf airlines have halted services to the Saudi capital after deadly Houthi strikes on King Khalid International Airport killed 14 people and injured hundreds, prompting authorities to extend the facility's closure while carriers scramble to reroute passengers.

13 October 2026

World Economy

London to host AlBaraka Summit for Islamic finance sector

The 5th Annual AlBaraka Summit will convene global financial leaders, policymakers and industry experts in London on Oct. 13-14 to examine the role of Islamic finance in economic development and explore how ethical principles can strengthen the global Islamic economy, organizers announced on Monday.

10 October 2026

Science

Bayraktar warns unchecked tech race risks 'terrible extinction'

Baykar Chairman Selçuk Bayraktar warned Friday that unchecked technological ambition risks bringing "a terrible extinction" upon humanity, calling on global leaders to rethink the purpose of innovation while highlighting Türkiye's advances in space technology at the International Astronautical Congress in Antalya.

10 October 2026

Business

Antalya space congress spotlights Türkiye’s orbital economy

Nancy Wolfson, who chairs the IAF Space Entrepreneurship and Investment Committee, told Anadolu that commercialization creates opportunities for emerging nations and startups, urging Turkish entrepreneurs to forge cross-border partnerships while praising Ankara’s integration into the global space economy.

09 October 2026

Business

Turkish contractors undertake $570B in overseas projects: Minister

Trade Minister Ömer Bolat said Friday that Turkish contractors have undertaken 12,900 projects worth $570 billion across 139 countries over five decades, inviting European companies to expand partnerships with Türkiye's construction sector at the European International Contractors General Assembly in Istanbul.

09 October 2026

Business

Türkiye doubles global manufacturing share in 20 years: Minister

Industry Minister Mehmet Fatih Kacir said Türkiye has doubled its share of global manufacturing value added over the past two decades, noting that Ankara and Washington share the political will to deepen economic ties and advance toward their $100 billion bilateral trade target.

08 October 2026

Business

TÜMOSAN advances to the Tractor of the Year 2027 final

The 81.110Evo model has qualified as a finalist in its category at Tractor of the Year 2027, one of the world’s most prestigious tractor awards.

07 October 2026

Business

Dubai investors target Türkiye logistics as Gulf ties deepen

Dubai-based investors are scaling up capital commitments to Türkiye's logistics and rail sectors as the 2023 Comprehensive Economic Partnership Agreement drives deeper economic integration between the UAE and Ankara, with officials highlighting the strategic importance of the Middle Corridor for Gulf-Europe trade.

07 October 2026

Turkey Economy

FTSE Russell maintains Türkiye's Advanced Emerging Market status

FTSE Russell maintained Türkiye's "Advanced Emerging Market" classification and kept the country off its watch list, stating that it continues to engage with Borsa İstanbul and the Capital Markets Board regarding the feasibility of improving the granularity underpinning free float figures.

07 October 2026

Business

SpaceX plans $40B financing round for Nvidia chips, FT reports

Elon Musk's aerospace firm SpaceX is preparing to raise $40 billion through a combined debt package led by Apollo Global Management to fund a massive order of artificial intelligence processors from Nvidia, a move that underscores the staggering capital requirements for AI infrastructure, the Financial Times reported on Wednesday.

07 October 2026

Business

Türkiye’s defense industry emerges as Europe’s strategic partner

BBVA Research said Türkiye's defense sector offers complementary manufacturing capabilities to address European military supply shortages, projecting exports will reach $10 billion by 2025 while creating opportunities in unmanned aerial vehicles and ammunition production.

06 October 2026

Politics

Erdogan meets SpaceX executives at International Astronautical Congress

Türkiye's President Recep Tayyip Erdogan met with senior executives from US aerospace company SpaceX on Monday during the 77th International Astronautical Congress in Antalya, with Transport Minister Abdulkadir Uraloglu and Industry Minister Mehmet Fatih Kacir also present at the talks.

05 October 2026

Science

TUA chief says space sector to drive youth entrepreneurship

Turkish Space Agency President Yusuf Kirac stated that Ankara must direct its youth entrepreneurship potential into the aerospace industry to capture a greater portion of the global space economy, noting that the sector's annual growth rate of up to 9 percent is vastly outpacing the broader worldwide economic expansion.

05 October 2026

Türkiye

Aselsan signs $2.75B deals for hybrid air defense systems

Defense giant Aselsan signed comprehensive agreements worth €2.46 billion ($2.75 billion) with Türkiye's Secretariat of Defense Industries for the procurement of hybrid air defense systems, the company announced on Monday, confirming the deals would boost revenues while advancing Türkiye's Steel Dome architecture and strengthening domestic defense capabilities.

05 October 2026

Business

Türkiye's TEI set to deliver homegrown engines for Gokbey, Kizilelma

TEI General Manager Mahmut Faruk Aksit said the firm has reached flight maturity on the TEI-TS1400 engine for the Gokbey helicopter and completed operational tests on the TEI-TF6000 jet engine for Baykar's Kizilelma, with deliveries expected by year-end.

01 October 2026

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