Bazaar Times

03/02/2025

Minister Kacır: Investments in Skilled Workforce and R&D Propel Türkiye’s Defense Industry to Global Elite

Minister Kacır emphasized Hungary’s importance as a key trade and investment partner for Türkiye. He highlighted that bilateral trade volume, which was only

03/02/2025

Trump Effect on the Dollar: USD/TRY Surges Past 36 to Hit a New Record High

The US dollar (USD/TRY) has surpassed 36 TL for the first time, reaching an all-time high as markets react to former U.S. President Donald Trump’s new tariff

03/02/2025

Kardemir Announces $1 Million-Ton Green Cement Investment for 2025

Kardemir Karabük Demir Çelik Sanayi has announced a major sustainable production investment for 2025, focusing on environmentally friendly cement production.

03/02/2025

Eurozone Inflation Rises to 2.5% in January, Surpassing Market Expectations

The annual inflation rate in the Eurozone increased to 2.5% in January, according to preliminary data released by Eurostat, the European Union's statistics

03/02/2025

Volkan Kaya and Russian Oligarch Georgi Agaev End Partnership in Valens Koru Zekeriyaköy Project

Volkan Kaya, the nephew of Dilek Kaya Imamoğlu—wife of Istanbul Mayor Ekrem Imamoğlu—has ended his business partnership with Russian oligarch Georgi Agaev in

03/02/2025

UAE Launches Logistics Council, High-Speed Rail to Boost Global Trade and Economy

The UAE on Monday set out plans to strengthen the country's position as a leading hub for global trade and raise the value of its logistics sector to Dh200

03/02/2025

Turkish ASELSAN secures record $1 Billion in defense exports

Türkiye’s leading defense company, ASELSAN, secured export contracts exceeding $1 billion in 2024, the highest in its history.

03/02/2025

Turkiye’s Used Electric Car Sales Surge 122% in 2024, Driven by EV Boom

Online sales of diesel-powered vehicles rose 5 percent annually to 1.2 million, while petrol car sales grew 22 percent to around 800,000 units. However, the

03/02/2025

Chinese direct-from-factory online marketplace has announced a strategic partnership with , the logistics arm of 7X, to enhance fulfillment in the United Arab Emirates (UAE) and across the Middle East.

The two companies will work together to expand their sea shipping capability and introducing services to enhance the online shopping experience for Temu’s growing customers in the region.
“Temu’s mission is to make quality products affordable to consumers of all walks of life,” a Temu spokesperson said. “By partnering with reliable fulfillment partners like EMX, we are able to continuously optimize our logistics solutions, broaden product offerings and ensure a convenient and seamless experience for customers.”

Since launching services in the UAE in September 2023, Temu has expanded its footprint across the Middle East, including Saudi Arabia, Kuwait, Qatar, Bahrain, Oman and Jordan.

“We are excited to partner with Temu to bring our reliable and high-quality delivery services to its in the UAE and beyond, driving a strategic transformation in the regional logistics landscape,” commented Tariq Al Wahedi, general manager at EMX.“By leveraging our advanced sea shipping capabilities and scalable PUDO services, together with Temu, we aim to redefine affordability and flexibility in delivery operations, setting a new standard for convenience and customer satisfaction as well as elevating the fast-growing e-commerce fulfillment for the GCC region.”

03/02/2025

The opening month of 2025 saw a moderation in the Turkish manufacturing sector as demand conditions remained subdued, the data provider &PGlobal revealed on Feb. 3.

The headline posted 48 in January, down from 49.1 in December and below the 50 no-change mark for the tenth consecutive month.

Business conditions moderated to a modest degree that was nonetheless the most marked in three months, it said.

After having neared stabilization in the final month of 2024, manufacturing production was scaled back solidly in January, it added. “Demand conditions remained muted. Output has now moderated in each of the past ten months,” S&P Global said.

The muted demand environment was also highlighted by data on new orders,with total new and new export orders moderating over the course of the month.

Employment was also scaled back in January, the second month running in which this has been the case. The pace of moderation in staffing levels was only marginal.

“After production in the Turkish manufacturing sector had neared stabilization in December, the sharper slowdown at the start of 2025 comes as something of a disappointment, and shows the ongoing fragility of customer demand,” commented Andrew Harker, director at S&P Global Market Intelligence.

03/02/2025

Türkiye will finalize the infrastructure for by the end of the year, with plans for the service to be available by 2026, according to Minister of Transport and Infrastructure, Abdulkadir Uraloglu.

Speaking to reporters, Uraloglu stated that the Information and Communication Technologies Authority ( ) is prioritizing the completion of 5G-related technical infrastructure and authorizations before the end of 2025.

BTK is set to conduct a 5G authorization auction later this year as part of Türkiye’s efforts to expand mobile connectivity.

“BTK will focus on the technical infrastructure of 5G and complete policy and strategy proposals for the 5G authorization process. These recommendations will be submitted to the Ministry,and a final policy will be determined,” Uraloglu said.
The minister emphasized the importance of domestic production in Türkiye’s 5G vision, stating that the country aims to manufacture telecommunication equipment and components locally, fostering technological independence and contributing to the national economy.

03/02/2025

Dubai unveils new air taxi prototype at the Museum of the Future

The Museum of the Future, in collaboration with Dubai’s Roads and Transport Authority (RTA), has introduced a prototype of the aerial taxi developed by Joby

03/02/2025

Turkish VakifBank secures $700 Million with its first overseas borrowing transaction of 2025

Türkiye’s second-largest bank, VakifBank, has completed its first overseas borrowing transaction of 2025, securing a 10-year securitization deal worth $700

03/02/2025

Temu Expands E-Commerce Fulfillment in UAE and Middle East with EMX Partnership

Chinese direct-from-factory online marketplace Temu has announced a strategic partnership with EMX, the logistics arm of 7X, to enhance e-commerce fulfillment

03/02/2025

Turkiye’s Manufacturing Sector Starts 2025 with Weaker Demand, PMI at 48

The opening month of 2025 saw a moderation in the Turkish manufacturing sector as demand conditions remained subdued, the data provider S&P Global

03/02/2025

Turkiye’s Exports Rise 5.8% in January, Trade Deficit Widens

Türkiye’s exports increased by 5.8 percent year-on-year to reach $21.16 billion in January, the Trade Ministry has said.

03/02/2025

Turkish stock exchange down at week opening

The US dollar/Turkish lira exchange rate was 35.9270 as of 09.55 am local time (0655GMT), while the euro/lira rate stood at 36.8340 and a British pound traded

03/02/2025

Istanbul: Healthcare, Transportation Fees Start Year with Sharp Hikes Amid Inflation

According to the ICOC, significant price increases were recorded in healthcare and transportation services, suggesting rising operational costs and