Erdogan leverages NATO summit in Ankara to shield domestic crackdown as Babacan warns court ruling signals democratic collapse
Turkey's July 7-8 NATO summit in Ankara -- where Trump is expected -- is giving Erdogan substantial cover for the legal campaign against the CHP: Western governments are privately concerned but publicly confining visits to defence briefings at TUSAŞ and ASELSAN. DEVA leader Ali Babacan warned that a court ruling annulling the 2023 CHP congress with 'absolute nullity' risks convincing young Turks that governments can no longer be changed through elections. Erdogan also announced the merger of three state-owned Islamic banks -- Ziraat, Vakif and Halk Katilim -- and an IPO for Emlak Katilim at the Global Islamic Economy Summit in Istanbul.
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tr95Erdogan uses Turkey's NATO summit hosting to insulate domestic crackdown from Western pressure
Erdogan is deploying Turkey's hosting of the July 7-8 NATO summit in Ankara -- where US President Trump is expected -- as geopolitical cover for the government's legal campaign against the main opposition CHP, with Western governments privately opposing the proceedings but publicly confining Ankara visits to defence-sector briefings at firms such as TUSAS and ASELSAN. Ekrem Imamoglu remains detained; case files against CHP leader Ozgur Ozel from Istanbul and Antalya are reportedly being consolidated in Ankara, and a political atmosphere has formed where further moves against Ozel or Ankara Mayor Mansur Yavas would be met with domestic resignation and muted Western response. DEVA leader Ali Babacan called the situation "very bitter for democracy"; on June 4, Ozel was photographed in a warm handshake with MHP's Devlet Bahceli at the Koc Group 100th anniversary gala, a moment analysts read as part of the same pressure dynamic in which Ozel faces prosecution or accommodation.
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Erdogan uses Turkey's NATO summit hosting to insulate domestic crackdown from Western pressure
Erdogan is deploying Turkey's hosting of the July 7-8 NATO summit in Ankara -- where US President Trump is expected -- as geopolitical cover for the government's legal campaign against the main opposition CHP, with Western governments privately opposing the proceedings but publicly confining Ankara visits to defence-sector briefings at firms such as TUSAS and ASELSAN. Ekrem Imamoglu remains detained; case files against CHP leader Ozgur Ozel from Istanbul and Antalya are reportedly being consolidated in Ankara, and a political atmosphere has formed where further moves against Ozel or Ankara Mayor Mansur Yavas would be met with domestic resignation and muted Western response. DEVA leader Ali Babacan called the situation "very bitter for democracy"; on June 4, Ozel was photographed in a warm handshake with MHP's Devlet Bahceli at the Koc Group 100th anniversary gala, a moment analysts read as part of the same pressure dynamic in which Ozel faces prosecution or accommodation.
Erdogan is deploying Turkey's hosting of the July 7-8 NATO summit in Ankara -- where US President Trump is expected -- as geopolitical cover for the government's legal campaign against the main opposition CHP, with Western governments privately opposing the proceedings but publicly confining Ankara visits to defence-sector briefings at firms such as TUSAS and ASELSAN. Ekrem Imamoglu remains detained; case files against CHP leader Ozgur Ozel from Istanbul and Antalya are reportedly being consolidated in Ankara, and a political atmosphere has formed where further moves against Ozel or Ankara Mayor Mansur Yavas would be met with domestic resignation and muted Western response. DEVA leader Ali Babacan called the situation "very bitter for democracy"; on June 4, Ozel was photographed in a warm handshake with MHP's Devlet Bahceli at the Koc Group 100th anniversary gala, a moment analysts read as part of the same pressure dynamic in which Ozel faces prosecution or accommodation.
tr85DEVA leader Babacan warns court ruling on CHP congress threatens Turkish democracy
DEVA Party leader Ali Babacan said on June 3 that a court of appeals ruling annulling the 2023 CHP party congress could foster a widespread belief that governments cannot be changed through elections in Turkey. He expressed fear that young people in particular may conclude that democratic politics no longer exists in the country. Babacan urged citizens not to abandon hope in the ballot box, saying the solution must come through legitimate political means.
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DEVA leader Babacan warns court ruling on CHP congress threatens Turkish democracy
DEVA Party leader Ali Babacan said on June 3 that a court of appeals ruling annulling the 2023 CHP party congress could foster a widespread belief that governments cannot be changed through elections in Turkey. He expressed fear that young people in particular may conclude that democratic politics no longer exists in the country. Babacan urged citizens not to abandon hope in the ballot box, saying the solution must come through legitimate political means.
DEVA Party leader Ali Babacan said on June 3 that a court of appeals ruling annulling the 2023 CHP party congress could foster a widespread belief that governments cannot be changed through elections in Turkey. He expressed fear that young people in particular may conclude that democratic politics no longer exists in the country. Babacan urged citizens not to abandon hope in the ballot box, saying the solution must come through legitimate political means.
tr80Turkey to merge three state-owned Islamic banks, plans IPO for Emlak Katılım
President Recep Tayyip Erdoğan on Friday announced plans to consolidate Ziraat Katılım, Vakıf Katılım and Halk Katılım banks, and to launch an initial public offering for Emlak Katılım. Speaking at the 3rd Global Islamic Economy Summit, Erdoğan said the merger would create "significant synergy" and open a new era for the sector. He did not provide a timeline or further details on either move.
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Turkey to merge three state-owned Islamic banks, plans IPO for Emlak Katılım
President Recep Tayyip Erdoğan on Friday announced plans to consolidate Ziraat Katılım, Vakıf Katılım and Halk Katılım banks, and to launch an initial public offering for Emlak Katılım. Speaking at the 3rd Global Islamic Economy Summit, Erdoğan said the merger would create "significant synergy" and open a new era for the sector. He did not provide a timeline or further details on either move.
President Recep Tayyip Erdoğan on Friday announced plans to consolidate Ziraat Katılım, Vakıf Katılım and Halk Katılım banks, and to launch an initial public offering for Emlak Katılım. Speaking at the 3rd Global Islamic Economy Summit, Erdoğan said the merger would create "significant synergy" and open a new era for the sector. He did not provide a timeline or further details on either move.
tr30Turkish banking sector net profit rises 37% in first four months of 2026
Turkey's banking sector reported a net profit of TL 363.3 billion ($7.9 billion) for January-April 2026, a 37.3% increase year-on-year, according to the Banking Regulation and Supervision Agency (BDDK). Total loans rose 10.6% to TL 25.6 trillion, assets grew 7.4% to TL 50.4 trillion, and deposits increased 7.1% to TL 29.2 trillion. The capital adequacy ratio stood at 16.37%, above regulatory minimums despite a slight decline.
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Turkish banking sector net profit rises 37% in first four months of 2026
Turkey's banking sector reported a net profit of TL 363.3 billion ($7.9 billion) for January-April 2026, a 37.3% increase year-on-year, according to the Banking Regulation and Supervision Agency (BDDK). Total loans rose 10.6% to TL 25.6 trillion, assets grew 7.4% to TL 50.4 trillion, and deposits increased 7.1% to TL 29.2 trillion. The capital adequacy ratio stood at 16.37%, above regulatory minimums despite a slight decline.
Turkey's banking sector reported a net profit of TL 363.3 billion ($7.9 billion) for January-April 2026, a 37.3% increase year-on-year, according to the Banking Regulation and Supervision Agency (BDDK). Total loans rose 10.6% to TL 25.6 trillion, assets grew 7.4% to TL 50.4 trillion, and deposits increased 7.1% to TL 29.2 trillion. The capital adequacy ratio stood at 16.37%, above regulatory minimums despite a slight decline.
tr28Turkey launches antitrust probe into Meta over AI practices on WhatsApp
Turkey's Competition Authority (RK) has launched an investigation into Meta for allegedly violating competition rules by integrating its Meta AI service into WhatsApp and restricting third-party generative AI chatbots and assistants from operating on the platform. The authority imposed an interim measure requiring Meta to allow third-party AI providers to offer services through WhatsApp without obstacles, with fines for non-compliance within one month. The probe covers Meta Platforms, Inc., Meta Platforms Ireland Limited, WhatsApp LLC, and Meta Platforms Istanbul Bilişim Hizmetleri Ltd. This action follows a preliminary inquiry that found serious indications of anti-competitive behavior, potentially affecting market dynamics in Turkey's digital messaging and AI services sector.
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Turkey launches antitrust probe into Meta over AI practices on WhatsApp
Turkey's Competition Authority (RK) has launched an investigation into Meta for allegedly violating competition rules by integrating its Meta AI service into WhatsApp and restricting third-party generative AI chatbots and assistants from operating on the platform. The authority imposed an interim measure requiring Meta to allow third-party AI providers to offer services through WhatsApp without obstacles, with fines for non-compliance within one month. The probe covers Meta Platforms, Inc., Meta Platforms Ireland Limited, WhatsApp LLC, and Meta Platforms Istanbul Bilişim Hizmetleri Ltd. This action follows a preliminary inquiry that found serious indications of anti-competitive behavior, potentially affecting market dynamics in Turkey's digital messaging and AI services sector.
Turkey's Competition Authority (RK) has launched an investigation into Meta for allegedly violating competition rules by integrating its Meta AI service into WhatsApp and restricting third-party generative AI chatbots and assistants from operating on the platform. The authority imposed an interim measure requiring Meta to allow third-party AI providers to offer services through WhatsApp without obstacles, with fines for non-compliance within one month. The probe covers Meta Platforms, Inc., Meta Platforms Ireland Limited, WhatsApp LLC, and Meta Platforms Istanbul Bilişim Hizmetleri Ltd. This action follows a preliminary inquiry that found serious indications of anti-competitive behavior, potentially affecting market dynamics in Turkey's digital messaging and AI services sector.
tr25Turkey Reaffirms Climate Goals and Hosts Global Zero Waste Forum Ahead of COP31
Turkey had been preparing a regional seas initiative for COP31 in Antalya. On World Environment Day, Environment Minister Murat Kurum reaffirmed Turkey's 2053 net-zero emissions goal, highlighting the Zero Waste Movement and expansion of protected areas. The 2nd Global Zero Waste Forum opened in Istanbul under the theme 'The Road to Antalya: Zero Waste as Climate Action,' gathering representatives from 183 countries and over 120 ministers. First Lady Emine Erdogan and UN officials emphasized zero waste as a key climate tool, linking it to broader environmental and humanitarian goals, including the humanitarian crisis in Gaza. The forum serves as a preparatory platform for COP31 in Antalya.
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Turkey Reaffirms Climate Goals and Hosts Global Zero Waste Forum Ahead of COP31
Turkey had been preparing a regional seas initiative for COP31 in Antalya. On World Environment Day, Environment Minister Murat Kurum reaffirmed Turkey's 2053 net-zero emissions goal, highlighting the Zero Waste Movement and expansion of protected areas. The 2nd Global Zero Waste Forum opened in Istanbul under the theme 'The Road to Antalya: Zero Waste as Climate Action,' gathering representatives from 183 countries and over 120 ministers. First Lady Emine Erdogan and UN officials emphasized zero waste as a key climate tool, linking it to broader environmental and humanitarian goals, including the humanitarian crisis in Gaza. The forum serves as a preparatory platform for COP31 in Antalya.
Turkey had been preparing a regional seas initiative for COP31 in Antalya. On World Environment Day, Environment Minister Murat Kurum reaffirmed Turkey's 2053 net-zero emissions goal, highlighting the Zero Waste Movement and expansion of protected areas. The 2nd Global Zero Waste Forum opened in Istanbul under the theme 'The Road to Antalya: Zero Waste as Climate Action,' gathering representatives from 183 countries and over 120 ministers. First Lady Emine Erdogan and UN officials emphasized zero waste as a key climate tool, linking it to broader environmental and humanitarian goals, including the humanitarian crisis in Gaza. The forum serves as a preparatory platform for COP31 in Antalya.
tr23AWS launches Istanbul Local Zone as Big Tech cloud investments in Türkiye accelerate
Amazon Web Services has launched a Local Zone access point in Istanbul, following Google Cloud's $3 billion investment in a Turkish cloud region. The investments support Türkiye's goal of attracting $10 billion in data center and AI investments by 2030, enabling low-latency, data-sovereign cloud services for finance, healthcare, media, and government sectors. The article also covers Türk Telekom's 5G and IoT investments for Industry 4.0 and Şölen's $1 billion factory automation in Gaziantep.
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AWS launches Istanbul Local Zone as Big Tech cloud investments in Türkiye accelerate
Amazon Web Services has launched a Local Zone access point in Istanbul, following Google Cloud's $3 billion investment in a Turkish cloud region. The investments support Türkiye's goal of attracting $10 billion in data center and AI investments by 2030, enabling low-latency, data-sovereign cloud services for finance, healthcare, media, and government sectors. The article also covers Türk Telekom's 5G and IoT investments for Industry 4.0 and Şölen's $1 billion factory automation in Gaziantep.
Amazon Web Services has launched a Local Zone access point in Istanbul, following Google Cloud's $3 billion investment in a Turkish cloud region. The investments support Türkiye's goal of attracting $10 billion in data center and AI investments by 2030, enabling low-latency, data-sovereign cloud services for finance, healthcare, media, and government sectors. The article also covers Türk Telekom's 5G and IoT investments for Industry 4.0 and Şölen's $1 billion factory automation in Gaziantep.
tr20Aselsan Showcases Kiliç Kamikaze Underwater Drones at Efes 2026 Exercise
Turkish defense firm Aselsan had previously unveiled the KILIÇ family of kamikaze autonomous underwater vehicles at SAHA 2026. At the Efes 2026 exercise, the company showcased these drones to international delegations, highlighting their capabilities for maritime strike and area denial with ranges from 10 to 200 nautical miles, controlled via wire, RF, or satellite communications, and envisioned for swarm operations as a cost-effective alternative to coastal defense cruise missiles. The system can be launched from shore or mounted on unmanned surface vessels. Aselsan relies on its in-house manufacturing capabilities for sensors and command and control systems. The Kiliç is the second kamikaze system from Aselsan designed to sink ships, following the Albatros USV, which was used in a 2023 maritime strike drill.
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Aselsan Showcases Kiliç Kamikaze Underwater Drones at Efes 2026 Exercise
Turkish defense firm Aselsan had previously unveiled the KILIÇ family of kamikaze autonomous underwater vehicles at SAHA 2026. At the Efes 2026 exercise, the company showcased these drones to international delegations, highlighting their capabilities for maritime strike and area denial with ranges from 10 to 200 nautical miles, controlled via wire, RF, or satellite communications, and envisioned for swarm operations as a cost-effective alternative to coastal defense cruise missiles. The system can be launched from shore or mounted on unmanned surface vessels. Aselsan relies on its in-house manufacturing capabilities for sensors and command and control systems. The Kiliç is the second kamikaze system from Aselsan designed to sink ships, following the Albatros USV, which was used in a 2023 maritime strike drill.
Turkish defense firm Aselsan had previously unveiled the KILIÇ family of kamikaze autonomous underwater vehicles at SAHA 2026. At the Efes 2026 exercise, the company showcased these drones to international delegations, highlighting their capabilities for maritime strike and area denial with ranges from 10 to 200 nautical miles, controlled via wire, RF, or satellite communications, and envisioned for swarm operations as a cost-effective alternative to coastal defense cruise missiles. The system can be launched from shore or mounted on unmanned surface vessels. Aselsan relies on its in-house manufacturing capabilities for sensors and command and control systems. The Kiliç is the second kamikaze system from Aselsan designed to sink ships, following the Albatros USV, which was used in a 2023 maritime strike drill.