Thursday 5 March 2015
 
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Turkey

Alstom wins two contracts in Turkey

Alstom, a leading multinational company which holds interests in power generation, electrical grid and rail transport infrastructure, has been awarded two contracts, worth around to €5 million ($5.59 million), for the supply of particulate

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Tupras posts 87pc jump in Q4 net

Turkish oil refiner Tupras, owned by Koc Holding, posted an 87 per cent jump in fourth-quarter profit, helped by higher refining margins. Net profit was 213 million lira ($84.7 million) in the last three months of the year, compar

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Turkey's $220bn bourse to launch public offering

Turkey's Borsa Istanbul has decided to go public, it said in a statement on Tuesday, in an offering that will see the $220 billion stock exchange sell up to nearly 43 per cent of its capital. Turkey's sole stock exchange s

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Turkey unveils $3.5bn three-storey tunnel project

Turkey is set to build a three-storey tunnel under Bosphorus Strait in Istanbul at an estimated cost of $3.5 billion, said a report. The 6.5-km-tunnel would provide a road and rail connection between the city’s two sides, cu

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Jumeirah Group to open second hotel in Turkey

Jumeirah Group, a Dubai-based luxury hotel company and a member of Dubai Holding, has signed a management agreement with Targets Investment Turizm Isletmeleri AS to operate a luxury hotel in Bodrum on Turkey’s Aegean coast - its second hot

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Turkey to explore for oil in Iraq's Qandil area

Energy Minister Taner Yildiz said on Monday Turkey will explore for oil in the Qandil region of Iraq and that a move towards disarmament by the outlawed Kurdistan Workers Party (PKK) should pave the way for this to happen. Yildiz

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Libyan PM says Turkey supplying weapons to rival group

Libya's internationally recognised Prime Minister Abdullah al-Thinni said his government would stop dealing with Turkey because it was sending weapons to a rival group in Tripoli so that "the Libyan people kill each other".

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Turkey’s Icdas to build $700m blast furnace

Leading Turkish bar and rod producer Icdas is planning to build a 2,800 cu m blast furnace at Canakkale in western part of the country, at an estimated cost of $600 to $700 million, said a report. The company is currently receivin

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Libya to exclude Turkish firms from contracts

Libya's internationally recognised government has said it will end all contracts with companies from Turkey, a country it has accused of supporting a rival administration. The government of Prime Minister Abdullah al-Thinni di

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Abraaj Group buys into Turkish online retailer

Private equity firm Abraaj Group has bought a minority stake in Hepsiburada.com, one of the largest online retailers in Turkey, from the Dogan family, the Dubai-based firm said on Monday. No purchase price or stake size was given

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