Thursday 24 July 2014
 
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Turkey

Turkey turns inwards as war spreads from Syria to Iraq

As al Qaeda-inspired Sunni militants spread right along Turkey's southeastern border last month from Syria through Iraq, seizing Turkish hostages as they went, the normally loquacious Prime Minister Tayyip Erdogan had little to say.

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CBQ to buy out public shares in Turkey's Alternatifbank

Commercial Bank of Qatar will buy out the remaining publicly owned shares in Turkey's Alternatifbank and then delist the lender from the Istanbul bourse, it said on Wednesday. The second-largest lender in Qatar bought a 74.25

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Turkish retail chain Kiler unveils big Qatar plans

Turkey's Kiler Holding has signed a MoU with Qatar-based Al Rayyan to open and operate Kiler supermarkets in Doha, the Turkish company's finance chief told Reuters in an interview. Under the agreement, Kiler and al Rayhan

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Turkey in massive evacuation after Libya threat

Turkey has been evacuating hundreds of citizens from Libya after a threat from a renegade general fighting Islamists in the east, Ankara's embassy and airport officials said. On Sunday, retired general Khalifa Haftar called on

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ExxonMobil, Turkey in shale gas JV talks

US oil firm ExxonMobil is in talks with state-run Turkish Petroleum Corporation over a venture to explore for shale gas in the country's southeast and northwest regions, a Turkish energy official said. Exxon held talks with TP

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Alkhair's Turkish funds get top ranking

Bahrain-based Islamic lender Alkhair said its Istanbul Fund has topped the rankings with annualized returns of 23.22 per cent to the end of May. The ranking was given by Eurekahedge, the world's largest alternative investment

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Bahraini, Kuwaiti tourists to Turkey on the rise

The number of Kuwaiti and Bahraini tourists to Turkey saw a steep rise in the first four months of the year, according figures released by the Turkish Culture and Tourism Office in Dubai. The number of Kuwaitis visiting Turkey inc

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Pegasus Airlines starts Bahrain operations

Turkey’s leading low-cost carrier Pegasus Airlines has officially commenced operations to Bahrain.   The first flight was welcomes at the Bahrain International Airport (BIA) by the Bahrain Airport Company o

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Turkish property firm opens UAE office

Ideal Sapanca Commercial Broker, a new UAE-Turkish entrepreneurial company mandated to market major real estate projects by Turkish-based FCC Construction and Development Company, has opened its office in the UAE. The launch of Du

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KFH unit in Turkey mandates banks to issue sukuk

Turkey's Kuveyt Turk, owned by Kuwait Finance House, mandated banks for a sukuk issue, bankers told Reuters on Tuesday.   The bank has mandated KFH Investment as global coordinator and Citi, Emirates NBD Capi

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