Tugce Ozsoy

Cross-holdings, leveraged bets and low free-float stocks helped drive Tera Yatirim's extraordinary rise – and attract regulatory scrutiny.

Turkish mobile gaming startup Grand Games Oyun ve Yazilim AS raised $70 million in a Series B funding round led by Balderton Capital’s Growth Fund, as investors continue to pour money into Turkey’s fast-growing gaming industry.

Turkish state lenders sold about $6 billion to defend the lira on Thursday, about half shortly after a court decision that removed the main opposition party’s leadership, according to traders familiar with the transactions.

Kemal Kilicdaroglu, the former head of Turkey’s opposition CHP party, is seeking state help to take control of party headquarters after a court ordered his reinstatement and removed Ozgur Ozel as its leader.

Investors are increasing bets that Turkey’s central bank will need to raise interest rates, as higher energy costs keep inflation elevated and a political crisis puts pressure on the lira.

Foreign investors are piling into fast-tracked sales of shares in Turkish companies, seeing pockets of value in a market facing political turmoil at home and fallout from the Iran war.

Turkish financial technologies firm Midas has applied to the central bank for an electronic money institution license as it seeks to launch digital consumer payments products.

One of Abu Dhabi’s newest investing behemoths, 2PointZero PJSC, got its first research rating on Friday, providing rare insight into one of the emirate’s largest listed holding companies.

Foreign investors are returning to Turkey, lured by high interest rates, resilient markets and fading geopolitical risks as the US and Iran move closer to a peace deal.

Dubai’s stocks index is set for its best quarter in a year after a truce in the Middle East conflict drew investors back to a market they fled when Iranian missile attacks shattered the city-state’s reputation for stability.