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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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Qatar's Emir Tamim bin Hamad al-Thani (C) reviews a military honour guard with Chinese President Xi Jinping (L) during a welcoming ceremony in Beijing's Great Hall of the People on January 31, 2019. GREG BAKER / AFP
Politics

Pivot to China? Gulf states mull options after Doha strike

12 September 2025

Israel's attack in Qatar erodes Gulf states' trust in the US and serves as a stark reminder that they cannot depend on American security guarantees

Xiaotong Yang
A Hezbollah flag is placed in front of the shrine of Shamoun al-Safa, built within a castle in the village of Shamaa in southern Lebanon's Tyre governorate, on January 31, 2025, that was heavily damaged by Israeli bombing. Mahmoud ZAYYAT / AFP
Business & Economy

Trump Economic Zone plan raises eyebrows in Lebanon

11 September 2025

Many Lebanese see the project as a demographic one with economic dressings aimed at expelling the country's southern population from their lands

Souraya Chahine
Syrian President Ahmed al-Sharaa Al Majalla
Politics

From Idlib to New York: Sharaa’s winding road the UN

12 September 2025

From the plains of Idlib to the presidential palace in Damascus and now the UN headquarters in Manhattan, Al Majalla traces the Syrian president's journey to get to this historic moment

Ibrahim Hamidi
Opinion

'The Voice of Hind Rajab' shows cries for justice are only getting louder

07 September 2025

A 24-minute standing ovation at the film premiere was more than a symbolic gesture of justice for Israel's murder of little Hind, but a heartfelt cry of real anguish over the ongoing genocide in Gaza

Samer Abou Hawwach
Egyptian writer May Telmissany poses during a portrait session held on April 15, 2014, in Paris, France. Ulf Andersen/Getty
Culture & Social Affairs

May Telmissany: writing is an act of resistance against the ugliness of the world

14 September 2025

The acclaimed Egyptian writer talks love, betrayal, autobiography, and the lack of Arab literary identity

El-Sayed Hussein

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