Wide-ranging policy and regulatory changes have been announced in Turkey, which seem set to impact almost every line of lenders’ income statements. As a result, banks’ financial statements may come with even more footnotes than usual. Ahe...

It is more than a little tempting to dismiss the current turmoil as just another challenge for the ever-resilient Turkish banks to face. Syria and COVID-19 may end up being just that – eventually. On Syria, President Erdogan is meeting Pre...

On the back foot in Syria and LibyaTurkey has suffered significant casualties (at least 33 deaths, around 50 wounded) near Idlib in north-west Syria, following the airstrikes by Russian-backed Syrian forces on 27 February. Total deaths among the 10,0...

In the past three months, Turkey has committed itself militarily to international operations in Syria and Libya. Although the number of troops sent to Libya is unclear (and may be quite limited thus far), the signalling is clear. Turkey is increasing...

January started with investor fears of war (Iran) and ended with fear of another horseman of the apocalypse, pestilence (China). Oil prices spiked 4% after the assassination of Iran Quds Force leader, Qassem Soleimani, in a US drone st...