ASELSAN'S CONTRACT BOOM PEAKS
Borsa Istanbul’s most valuable company since the first half of 2025, Aselsan has agreed a set of record-breaking contracts in recent months.
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A101 ACQUISITION OF CARREFOURSA TRIGGERS ALCOHOL SALES DEBATE
The acquisition of French grocery chain Carrefour's Turkish subsidiary, CarrefourSA, by A101's parent company Yeni Mağazacılık, owned by a religious conservative family, has sparked intense online debate over potential restrictions on alcohol sales.
AKSA SIGNS 20-YEAR GAS POWER DEAL IN GHANA
Aksa Energy has signed a 20-year agreement with the Electricity Company of Ghana to build and operate a natural gas plant in Takoradi.
GLOBAL INDEX PROVIDERS PUT TURKISH MARKET ON NOTICE, STOKING DOWNGRADE FEARS
Foreign investors' confidence in Turkish equities is under mounting pressure as two of the world's leading index providers signaled Istanbul's stock market could face a downgrade. Morgan Stanley Capital International (MSCI) issued another warning regarding investment accessibility and shareholder transparency, announcing it may re-evaluate free-float structures on a company-by-company basis and reclassify certain shareholders as 'non-free float' to address distorted calculations driven by coordinated fund actions.
TRUMP ARRIVES IN ANKARA WITHOUT MELANIA
US President Donald Trump will arrive in Ankara at around 2 p.m. on July 7. Although more than a thousand people will accompany him, his wife Melania will be absent, Turkey in Depth has learned.
HIDDEN GIANT OF TURKISH DEFENSE SECTOR IN ÇORUM
A private company near Çorum with a history of only six years, ARCA Defense, has become the hidden leader of the sector.
CARREFOURSA SOLD TO A101, LIFESTYLE DEBATE IGNITED
Sabancı Holding and Carrefour Nederland BV sold their majority stake in CarrefourSA to Yeni Mağazacılık A.Ş., the parent company of the discount giant A101, reigniting debate over alcohol sales and lifestyles.
DEFENDANTS CONTINUE CHALLENGING CORRUPTION INDICTMENT ON İMAMOĞLU CASE
The sixth week of the mass corruption trial of Istanbul Mayor Ekrem İmamoğlu and more than 400 co-defendants produced some of its most dramatic courtroom exchanges. İmamoğlu and the presiding judge continued sharp exchanges while the municipality’s housing company, KİPTAŞ, chair Ali Kurt implicated senior government figures in a land scheme, and the European Court of Human Rights formally demanded answers from Ankara.
U.S.-MADE USV WASHES ASHORE ON BLACK SEA COAST
An unmanned surface vessel manufactured in the U.S. was found washed ashore in the Ünye district of Ordu, on the Black Sea coast, on March 21. An unmanned surface vessel (USV) of unknown origin struck the Altura, a Sierra Leone flagged tanker which is owned by a Turkish company, Pergamon Maritime, on March 26 in the Black Sea, 15 miles off the coast of the Bosphorus Strait.
ARMS SALES TO ISRAEL SPARKS CONTROVERSY IN TURKEY
A Turkish company is the main contractor for a project in which the U.S. will provide bombs to Israel, sparking controversy in Turkey.
HAVELSAN'S FLIGHT SIMULATOR CERTIFIED
Turkish defense and software company HAVELSAN said its Flight Training Device Level 2 simulator for Boeing 737 Next Generation aircraft has received FNPT II MCC and FTD Level 2 certification, making it the first platform produced and certified at this level in Turkey.
HAVELSAN TO ESTABLISH PARTNERSHIP IN ITALY
Havelsan, a company affiliated with the Turkish Armed Forces Foundation, signed a memorandum of understanding (MoU) with VN Maritime and Piloda Defence to become a partner in the production of hybrid and unmanned marine vehicles in Italy.