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Tuesday, September 13 2011 , Your time is 15:58:00
There is serious global interest in Turkey’s newly founded sovereign wealth fund, particularly from investment banks, and it plans to sign a memorandum of understanding with three other sovereign funds, its head told Reuters.
Turkey attracted $12.1 billion in foreign direct investment (FDI) in 2016, higher than expected in light of the latest developments in both Turkey and the surrounding region, a top association announced on Feb. 24.
Three Egyptian real estate executives said yesterday that their companies have suspended housing deals with the Saudi Arabian government amid political tensions between the two countries.
ERZİNCAN - Anadolu Agency
Turkey’s government has received applications worth 23 billion Turkish liras ($6.45 billion) for regional projects in the country’s east, Development Minister Lütfi Elvan said Feb. 24.
Heavily indebted telecoms giant Telefonica said yesterday that its net profit fell close to 14 percent last year to 2.36 billion euros, hit by restructuring costs linked to a voluntary redundancy scheme in Spain.
The European Bank for Reconstruction and Development (EBRD) and the Gaziantep Chamber of Commerce (GCC) have said they are joining forces to support and encourage entrepreneurship in the south-eastern Turkish city of Gaziantep and its surrounding region, in a written statement late on Feb. 23.
French carmaker PSA, which owns the Peugeot and Citroen brands, said yesterday that net profit for 2016 nearly doubled as the group pushes plans to buy General Motors’ European brands Opel and Vauxhall.
WASHINGTON - Reuters
U.S. President Donald Trump told about two dozen chief executives of major U.S. companies on Feb. 23 he plans to bring many millions of jobs back to the United States.
Germany notched up a surplus in its public finances of nearly 24 billion euros last year, its largest since reunification in 1990, official data showed yesterday.
Tiryaki Agro, an agriculture and food industry firm based in the southeastern province of Gaziantep, has maintained its place as the largest firm in Anatolia with 3.5 billion Turkish Liras of annual revenue, according to an Ekonomist magazine survey conducted with the Turkish Economy Bank (TEB).
Dinçer Gökçe - ISTANBUL
Iranian businessman Mehrdad Safari has bought a total of 47 apartments in a luxurious Istanbul skyscraper for $90.6 million.
LONDON – Agence France-Presse
BAE Systems delivered yesterday an optimistic outlook on government defense spending, in particular by the new U.S. administration led by President Donald Trump.
ANKARA – Anadolu Agency
Turkey will set up a special committee to take measures to control the quality of Turkey’s food supply chain and its prices, the Turkish Central Bank announced on Feb. 21.