FINANCE - İstanbul’s bid to become IFC looks cloudy as progress continues to delay

www.todayszaman.com - The hope that İstanbul will become an international financial center (IFC) in the near future has been disappearing as progress on the project has been slow in many respects.

 

The long-overdue project has been talked about for years by many politicians and has remained music to the ears of society. In 2007, the ruling Justice and Development Party (AK Party) government set about developing İstanbul into an IFC as one of its major long-term economic goals. Steps taken by the current ruling party has many ordinary citizens believing it would be accomplished; however, some experts argue that the achievement of such a goal in the near future is a dream due to a lack of necessary policies and regulations. (source)

FDI - FINANCE - Khazanah buys Turkish group for RM5.32b

Khazanah Nasional Bhd has struck a deal to buy a 75 per cent stake in Turkey’s Acibadem group in a deal that values the country’s largest private hospital chain at RM5.32 billion.

Khazanah’s 70 per cent-owned subsidiary Integrated Healthcare Holdings Sdn Bhd (IHH) yesterday announced it would buy a 60 per cent stake in Acibadem Saglik Yatirimlari Holding A.S. (ASYH).  (source)

FINANCE - Qatari group to invest at least $500 mln in Turkish tourism industry

A semi-governmental Qatari group is going to build multiple hotels to attract conservative Muslim vacationers in Turkey with a total investment of at least $500 million, the Anatolia news agency reported on Thursday. (source)

FINANCE - Qatari firm to invest in Islamic hotels

Qatari group Retaj is planning an investment of $500 million in Turkey in a bid to develop hotels and residences run along an Islamic model in two big cities.

“Turkey has become the 16th largest economy in the world and sixth largest economy in Europe, and this made us want to invest in Turkey,” Retaj Board of Directors member Bin Johar al-Mohammed told Anatolia news agency in a recent interview.  (source)

FDI - Investcorp Fund to Invest $50 Million in Tiryaki Agro of Turkey

Sept. 29 (Bloomberg) -- Investcorp Bank BSC, the Bahrain- based alternative-investment firm, said its Gulf Opportunity Fund I will make a $50 million investment in Tiryaki Agro of Turkey.