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  • Turkish Lira

Zekariya Cektir, 75, collects tobacco leaves in a field near Kurudere village, Adiyaman province, southeast Turkey, Wednesday, Sept. 28, 2022. Tobacco growers in southeast Turkey's Celikhan district are feeling the pinch as annual inflation reaches a new 24-year high. Official data released Monday Oct. 3, 2022 shows consumer prices rise 83.45% from a year earlier, further hitting households already facing high energy, food and housing costs. Experts say the real rate of inflation is much higher than official statistics, at an eye-watering 186%. (AP Photo/Emrah Gurel)

Record Inflation Squeezes Turkish Tobacco Workers, Owners

Mehmet Emin Calkan begins work harvesting a tobacco field in rural Turkey before dawn, then has another shift skewering and stringing the tobacco to dry under the sun. The 19-year-old, who hopes…

AP 03 October 2022
A money changer holds Turkish lira banknotes at a currency exchange office in Ankara, Turkey October 12, 2021. REUTERS/Cagla Gurdogan

Turkish lira Weakens Further After Erdogan Vows More Rate Cuts

Turkey's lira dipped 0.4% against the dollar on Tuesday as concerns over rampant inflation were stoked by President Tayyip Erdogan's pledge to continue cutting interest rates. In a Monday evening…

07 June 2022
Turkish financial expert Cüneyt Akman

Turkish Expert Asserts Continued Loss of Lira Amid Unchanged Economic Policies

The Turkish lira continues to touch record lows, the first of its kind, at a time when the Central Bank is trying to control its exchange rate against foreign currencies. The lira continues its…

Jiwan Soz 19 December 2021
A Syrian man pays with Turkish lira at a gas station in the town of Sarmada in Syria's northwestern Idlib province, on June 15, 2020. (Getty)

How Turkey Gains from Economic Takeover of Syrian Regions

Turkey has been forcing people for almost a year now to trade using its local currency in different Syrian regions that lie on its southern border and are under its army’s control. Likewise, these…

Jiwan Soz 11 June 2021
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Israeli Prime Minister Benjamin Netanyahu, Cyprus President Nikos Christodoulides and Greek Prime Minister Kyriakos Mitsotakis hold a joint press conference after a trilateral meeting in Jerusalem, on 22 December 2025. ABIR SULTAN / REUTERS
Politics

Israel seeks to revive the EastMed pipeline with an eye on Türkiye

24 December 2025

Netanyahu is once again exploiting historical grievances and fears to form alliances against "common threats"

Omer Onhon
AFP-Eduardo Ramon
Business & Economy

Diversification and growth: how Gulf economies fared in 2025

24 December 2025

Economic and technological dynamism characterised 2025, with ambitious initiatives aimed at accelerating non-oil growth, diversifying national economies, and ushering in regional integration

Amer Ziab Al-Tamimi
A picture of Farid al-Madhan, known as "Caesar," wearing a blue robe in the US Congress.
 Reuters/ Al Majalla
Politics

Syria's new post-sanctions test

22 December 2025

Damascus finally gets breathing room after the US repealed its draconian Caesar sanctions, but it can't exhale just yet. Al Majalla explains why.

Haid Haid
An aerial view of the dome of the Palace of Fine Arts Museum in Mexico City, on 22 May 2024. AFP / Rodrigo Oropeza
Culture & Social Affairs

Mexico City: where the ordinary and extraordinary coexist in chaotic harmony

24 December 2025

On the margins of the Guadalajara International Book Fair, I was amazed by the sheer scale of the country's capital, home to 23 million, the mundane and the marvellous

Samer Abou Hawwach
Conservative political commentator and podcast host Tucker Carlson speaks at Turning Point's annual AmericaFest conference, in remembrance of late right-wing political activist Charlie Kirk, in Phoenix, Arizona, on 18 December 2025. OLIVIER TOURON / AFP
Politics

Israel is bleeding support on the US Christian right

23 December 2025

Israel's war on Gaza has cost it support among Christian conservatives—traditionally strong supporters of Israel—alarming pro-Israel forces who are scrambling to counter the phenomenon

Tarek Rashed

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OPINIONS

Why might-is-right mentalities prevail in our region

Houssam Itani
Houssam Itani

How Israel's war on Gaza helped the Arab world rediscover its agency

Ramzy Ezzeldin Ramzy
Ramzy Ezzeldin Ramzy

Diversification and growth: how Gulf economies fared in 2025

Amer Ziab Al-Tamimi
Amer Ziab Al-Tamimi

Israel is bleeding support on the US Christian right

Tarek Rashed
Tarek Rashed
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