ISTANBUL, Turkiye: Turkish authorities have fined TikTok 1.75m lira ($93,000) for not taking sufficient measures to protect users from unlawful processing of their data, the Personal Data Protection Board (KVKK) said on Wednesday.
The fine comes amid growing international concern over the Chinese short video-sharing app and who accesses its user data. Government institutions in Europe and Canada banned the app from staff phones and the United States is discussing a bill giving President Joe Biden the power to ban TikTok.
The KVKK said it had decided to fine the company for “not taking all necessary measures to ensure the appropriate level of security to prevent unlawful processing of personal data.”
The data protection authority also said in a statement on its website that TikTok should translate its Terms of Service into Turkish and update its privacy and cookies policy texts in line with the country’s regulations.
TikTok said they are looking into the Turkish regulator’s fine, adding that they remain committed to providing a safe and protected platform for users.
“Our uncompromising commitment is to provide all users with the peace of mind they deserve by ensuring the safety, security and protection of their personal information — because their trust matters to us,” a TikTok spokesperson said.
Turkiye has the ninth most users of TikTok in the world, with some 30 million accounts on the social media platform, data from Statista showed.
Turkiye fines TikTok 1.75m lira for weak data protection measures
https://arab.news/8w9dp
Turkiye fines TikTok 1.75m lira for weak data protection measures
- The fine comes amid growing international concern over the Chinese short video-sharing app
- Government institutions in Europe and Canada banned the app from staff phones
Asharq Business with Bloomberg, Nasdaq to bring real-time US equities data to MENA
- Nasdaq to deliver exclusive real-time US equities market data
- Real-time updates fully integrated into Asharq Business’ data infrastructure and available across all platforms
RIYADH: Asharq Business with Bloomberg, the region’s leading business and financial news multi-platform channel, announced Tuesday a strategic three-year collaboration with Nasdaq, to deliver exclusive real-time US equities market data and updates to investors and decision-makers across the Middle East.
Through access to Nasdaq’s official data product, Nasdaq Last Sale (NLS), Asharq Business with Bloomberg will receive real-time last-sale trade updates and calculated insights across major US exchanges directly from the Nasdaq Market Center. The collaboration strengthens market transparency, enhances data-driven storytelling, and provides audiences and partners with deeper insight into global financial activity.
With a rapidly growing investor base in the region — and with Nasdaq serving as a primary destination for many Arab and regional investors — Asharq Business with Bloomberg reinforces its mission to deliver timely, accurate, and exclusive financial updates by integrating NLS data into its digital platforms, live markets coverage, and broader data ecosystem.
Leveraging its partnership with Bloomberg Media — which grants access to reporting from over 2,700 journalists and analysts worldwide — Asharq Business with Bloomberg continues to build on its reputation as the region’s most trusted and credible multi-platform business news source. The collaboration with Nasdaq underscores its commitment to providing reliable, data-backed content across social, digital, and streaming platforms, available for audiences anytime and anywhere.
Dr Nabeel Al Khatib, General Manager of Asharq News Network, commented: “It has been five years since the inception of Asharq Business with Bloomberg, and our audience has always been at the center of everything we do. We invest time and effort to understand what matters to them, ensuring we deliver data and stories that genuinely support informed decision-making. With growing regional interest in global markets, our collaboration with Nasdaq marks a strategic step toward offering a clearer, more comprehensive view of international financial activity. Through Nasdaq Last Sale, we aim to further empower our audience with transparent, real-time insights, strengthening their ability to navigate an increasingly interconnected global investment landscape.”
The Nasdaq leadership team added: “We are pleased to collaborate with Asharq Business with Bloomberg to broaden access to high-quality US market data in the Middle East. Through Nasdaq Last Sale, we aim to enhance transparency, support informed decision-making, and contribute to a more connected global investor community.”
