Talat Ulussever
Turkish watchdog to revise Islamic banking regulations
The head of Turkey's banking watchdog has pledged to revise the regulations governing the Islamic banking sector to increase the popularity of the sector in the country.
Mehmet Ali Akben, president of the Banking Regulation and Supervision Agency (BDDK), said there was a strong need for changes to the rules governing what are known as "participation banks" in Turkey.
Not quite an empire
Turkey would have ruled the Middle East first and the former Ottoman lands later. It would have ended the endless wars in the Middle East, once the mighty Turkish empire has emerged. Instead, the country smells of chaos and death.
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EBRD and Borsa Istanbul in exclusive talks over stake sale
The European Bank for Reconstruction and Development (EBRD) is entering exclusive negotiations to acquire a 10 percent stake in Borsa Istanbul, in a landmark deal which will support Turkey's efforts to reshape its capital markets, the EBRD has said in a statement.