Industry News

Industry News

  • Apple Opening Second Turkish Retail Store in Istanbul's Akasya Shopping MallApple Opening Second Turkish Retail Store in Istanbul's Akasya Shopping Mall
    02 January 2015
    Following the high-profile launch of its first retail store in Istanbul earlier this year, Apple is preparing to open its second retail outlet in the Turkish city, reports Apple Toolbox. Apple Turkey made the new store announcement today, confirming its…
  • Turkey's top business group to replace chair, againTurkey's top business group to replace chair, again
    02 January 2015
    Sabancı Holding Retail Chief Haluk Dinçer is set to leave after six months at the helm of Turkey's top business organization.
  • Turkey's 2014 exports hit record high at $157bnTurkey's 2014 exports hit record high at $157bn
    02 January 2015
    Turkey’s annual export figures for 2014 rose 4 per cent to $157.62 billion, an all-time high, the Turkish Exporters' Assembly (TIM) said on Thursday.
  • Dror Benshetrit Is Designing Entire Futuristic Communities in TurkeyDror Benshetrit Is Designing Entire Futuristic Communities in Turkey
    02 January 2015
    As a 25-year-old designer from Tel Aviv, with plenty of talent but no cash, you might, in the middle of your first New York winter, have an overpowering desire to smash something. For Dror Benshetrit, that moment came in 2002. “That first year was beyond…
  • Anadolu to Buy Half of BC Partners’ Holding in Turkey’s MigrosAnadolu to Buy Half of BC Partners’ Holding in Turkey’s Migros
    02 January 2015
    Anadolu Endustri Holding AS, the owner of stakes in Turkey’s biggest brewer and Coca-Cola Co.’s local business, agreed to buy 40.25 percent of Migros Ticaret AS (MGROS) in a transaction that values the second-biggest Turkish retailer at 6.4 billion liras…
  • Turkish lira, stocks slip on strong U.S. dataTurkish lira, stocks slip on strong U.S. data
    19 December 2014
    ISTANBUL Dec 12 (Reuters) - Turkey's lira and stocks slipped on Friday after strong U.S. retail sales and declining jobless claims bolstered the case for an interest rate hike, which would tempt funds away from riskier emerging markets.
  • Samsung’s Apple Pay Competitor, Foursquare Partners With TwitterSamsung’s Apple Pay Competitor, Foursquare Partners With Twitter
    19 December 2014
    Samsung in Talks to Launch Apple Pay Competitor (Recode) Samsung has discussed a deal with a payments startup that would help the smartphone maker unveil a wireless mobile payments system in 2015 to rival Apple. The technology would allow people with…
  • Turkish private sector foreign debt rises $8.4 billionTurkish private sector foreign debt rises $8.4 billion
    19 December 2014
    The Turkish Central Bank disclosed that the private sector saw its long-term foreign debt increase to $164.8 billion since December 2013.
  • Turkish lira drops to two-month low against dollarTurkish lira drops to two-month low against dollar
    19 December 2014
    Lira down to 2.3024 per dollar on improved U.S. retail sales data and increased employment; analysts forecast movement higher.
  • New owner has big plans for Lake Square MallNew owner has big plans for Lake Square Mall
    19 December 2014
    The company that bought Lake Square Mall in September hopes to turn the property into a lively destination with an outdoor restaurant complex and a “fun zone.”
  • Selim Taşkın, "What Kind of a Leader?"Selim Taşkın, "What Kind of a Leader?"
    17 December 2014
    The prominent issues with our corporations in recent years have been “change and reconstruction”. Rapid and abrupt changes and uncertainties force corporations to transform. A transformation process can only be carried out by progressive leaders with…
  • LEBANON PULSELEBANON PULSE
    12 December 2014
    DUBAI, United Arab Emirates — Think of the Arab region, and probably the first things that come to mind are revolution and oil. While for the past three years the Middle East has exported much of the latter, some of its companies have flourished by…
  • Turkey Fears Backlash in Local and Foreign Markets with Higher PricesTurkey Fears Backlash in Local and Foreign Markets with Higher Prices
    12 December 2014
    Over the past month the wholesale price of extra virgin olive oil rose from 7.5 to 10 Turkish Lira ($3.32 to $4.42). Some Turkish olive producers are waiting before parting with their crop, hoping prices will rise further and they can cash in on high…
  • Turkey’s Rixos Hotels moves headquarters to DubaiTurkey’s Rixos Hotels moves headquarters to Dubai
    12 December 2014
    Dubai: Turkish hotel operator Rixos Hotels has moved its headquarters to Dubai, according to a company statement on Wednesday.
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