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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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Saudi Crown Prince Mohammed bin Salman and US President Donald Trump at the White House, Washington, on 18 November 2025.
 SPA
Politics

Saudi Arabia scores ally upgrade in Washington

19 November 2025

Trump elevates Saudi Arabia to 'major non-NATO ally' status, but bigger issues of normalisation with Israel and a binding security treaty need more time. Nonetheless, this is a huge step forward.

Abdullah F. Alrebh
Palestinian novelist Basem Khandakji
Culture & Social Affairs

Basem Khandakji on exile, imprisonment, and purpose

26 November 2025

The Palestinian novelist who won the Arabic Booker Prize in 2023 from behind Israeli prison walls speaks to Al Majalla about his extraordinary life and literary journey

El-Sayed Hussein
Ukraine's President Volodymyr Zelensky (L) looks on during a meeting with US Secretary of the Army Daniel Driscoll in Kyiv, amid the Russian invasion of Ukraine on 20 November 2025. AFP
Politics

Trump presents Ukraine with a ‘very tough choice’

24 November 2025

Zelensky said he's being asked to decide between Ukraine losing its dignity or losing a key partner

Sam Skove and John Haltiwanger
AFP-Reuters-Al Majalla
Business & Economy

UK chancellor aims to strike a balance with her 2025 budget

27 November 2025

Policymakers' main worry ahead of Rachel Reeves' announcements this week centred on the reaction of the bond markets. So far, they have received a cautious welcome.

Bassam Mahfouz
US political commentator Tucker Carlson speaks during the last day of the 2024 Republican National Convention at the Fiserv Forum in Milwaukee, Wisconsin, on 18 July 2024. ANGELA WEISS / AFP
Politics

How Tucker Carlson put Arab Christians on America's map

25 November 2025

Prominent conservative journalists and politicians have broken ranks to call out Israeli crimes against Arab Christians. The effects continue to ripple through Donald Trump's support base.

Kamal Alam

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OPINIONS

Putin holds the fate of the Ukraine war in his hands

Con Coughlin
Con Coughlin

Basem Khandakji on exile, imprisonment, and purpose

El-Sayed Hussein
El-Sayed Hussein

How Tucker Carlson put Arab Christians on America's map

Kamal Alam
Kamal Alam

UK chancellor aims to strike a balance with her 2025 budget

Bassam Mahfouz
Bassam Mahfouz
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