Paribu, Türkiye’s leading digital asset platform, acquired the largest digital asset platform of MENA. Türkiye’s leading digital asset platform Paribu announced that it acquired CoinMENA, the largest local crypto exchange in the Middle East and North Africa (MENA), for USD 240 million. The deal represents Türkiye’s largest fintech transaction to date and the […]
Sixteen startups graduated from the 13th cohort of the Workup Entrepreneurship Program Sixteen startups graduated from the 13th cohort of the Workup Entrepreneurship Program, an initiative supported by Türkiye İş Bankası and running since 2017, the bank announced. More than 75 Workup alumni have raised […]
This week’s stories are about tech, AI and sustainabilityi coming from Europe and the USA Europe’s slow AI buildout may become a strategic strength Europe’s cautious pace in deploying artificial intelligence (AI) infrastructure—often viewed as a disadvantage compared with the U.S. and China—could ultimately give […]
This week’s stories are about tech, startup and AI, coming from Taiwan and the USA IRS turns to AI agents after deep staff cuts The Internal Revenue Service (IRS) is rolling out artificial intelligence (AI) tools across several divisions as it struggles with a sharply […]
Around 10 thousand new companies founded while 1.130 of them closed down last month In Turkey 9,719 newly founded companies in June, up 109.34% on a yearly basis, according to Turkish Union of Chambers and Commodity Exchanges (TOBB). Some 1,130 companies closed down over the month, up […]
Azerbaijani government announced that it would purchase UCAVs from Turkey after receiving approval from its Parliament Presidency of Defence Industries (SSB) Chairman Ismail Demir said Turkish defence industry so support Azerbaijan with its unmanned combat aerial vehicles (UCAV), ammunition, missiles and electronic warfare (EW) systems. […]
Budget expenditures went up 17.3% on an annual basis to hit $82.3 billion from January to June The Turkish government registered a budget deficit of 109.5 billion Turkish liras (some $16 billion) in the first half of the year, the country’s Treasury and Finance Ministry announced last […]
Now Turkey restarted flights with 32 countries and 20 more countries on the way Turkey and Russia have agreed to starts flights between the two countries as of July 15 following 100 days of suspension due to the COVID-19, according to Daily Sabah. Transport […]
The app has 5 million monthly active users and based on the founder’s mom’s gift of coffee cup reading No, Faladdin is not a fortune telling startup. It is a tech company combining deep learning skills and ancient knowledge of mystical disciplines like tarot, astrology, […]
Biomass has a lot to offer for Turkey’s increasing energy demand, professor emphasized Biomass energy owns the potential to satisfy almost one-third of Turkey’s yearly electricity consumption, according to Professor Günnur Koçar, the manager at Ege University Biomass Energy Systems and Technologies Application and Research […]
Though retail sales shrank, online sales soared Retail sales with constant prices decreased by 16.7% in May 2020 compared with the same month of previous year, according to Turkish Statistical Insitute (TÜİK). In the same month non-food (except automotive fuel) sales decreased by 25.5%, automotive […]
He was planning a career in automotive industry but to be in the heart of tech ecosystem led him to work as a journalist Murat Yıldız started journalism as an engineering student in 1994. Having studied mechanical engineering at Yıldız Technical University, actually, he was […]
Istanbul had the lion share of housing sales with 106,311 units over the same period Turkih Statistical Institute (TÜİK) announced a total of 624,769 residential properties in Turkey were sold in the first half of 2020, Housing sales increased 23.5% in the six-month period, year-on-year, according TÜİK. New […]
ISO announced Turkey’s 500 largest industrial enterprises for 2019 Oil refiner Tüpraş kept its longtime leadership as Turkey’s largest industrial corporation, according to the “Top 500 Industrial Enterprises of Turkey 2019” survey. The report, which is written by the Istanbul Chamber of Industry (ISO), […]
