Trade between Turkey and the Gulf offer more than the energy business, say Turkish ministers. Turkey’s plans include restoring a historic rail line to the Gulf Joint investments between Turkey and the Gulf states are crucial as they will benefit all parties concerned, Turkish leaders said yesterday during the Turkey-Gulf Business Council Forum in Istanbul. Turkish Finance Minister Mehmet Şimşek said there w ...

CEO finder opens branch in Istanbul Spencer Stuart, a global executive search consultation company, has opened an Istanbul office led by Turkish citizen Kaan Okurer, according to a press release. Founded in 1956, the privately-owned Spencer Stuart advises companies on their senior leadership needs. The company operates 53 offices in 29 countries. Last year it conducted more than 4,000 assignments around the ...

For those people who would like to have a more detailed information and feel about the way life goes in Turkey, we would like to refer a site called www.mymerhaba.com. The site is published by ex-patriates in Turkey and meant to serve as an essential source; a community portal, for foreign citizens living in, working in, studying in, or just passing through, Turkey. For those who would consider settling in ...

BEBEK KAHVESI (Cafe) is one of the most popular spots in Istanbul.. It is a must spot should you ever pass by BEBEK - a very elite quarter of the town.. It has been a truly popular place for a long time..  Nothing luxurious..  It has been run by the same people for years and everything is set up to get relaxed and listen to the Bosphorus Bebek Cafe is a pleasant  environment and a perfect spot to relax with ...

Turkey’s financial capital will be the regional management center of British pharmaceuticals group GlaxoSmithKline (GSK), displacing Dubai to run the company’s Middle Eastern and African operations. GSK will be joining other drug producers Roche and Novo Nordisk in setting up their regional headquarters in Istanbul, Turkey’s transcontinental city with over 12 million inhabitants. The regional headquarters i ...

Only days after a failed government tender for the construction and operating rights of a large toll road and a third bridge over Istanbul’s Bosphorus, Japanese candidates decide to set up a consortium to re-try their chances Four Japanese firms are still interested in building a third bridge over Istanbul’s Bosphorus following the failed tender by the Turkish government Jan. 10, according to a Japanese dip ...

Transport Minister granted “extraordinary privileges” to IDO, the company running high speed ferries in Istanbul and neighboring cities and purchased by TAV, a Turkish daily newspaper claimed Dec. 6. Both the ministry and TAV have denied the claims. “Privatized for $800 million last April, Turkey’s Transportation Minister Binali Yıldırım issued a circular granting privileges to IDO,” said Yeni Şafak, a Turk ...

Turkey takes third place amongst a list of Halal friendly destinations. Arab tourists selected Istanbul, Bursa, Konya and Sinop at the top of the list. In addition to Europe's tourism categories such as 'family friendly' or 'environmentally friendly', a category for Middle Eastern and Gulf nations entitled 'halal friendly' has now been added to desirable destination lists. Not only has Turkey experienced al ...

Private equity firm Carlyle Group said on Wednesday it had acquired a 48 percent stake in Turkish private education provider Bahçeşehir Koleji. Carlyle did not disclose details of the transaction. Existing shareholders, the Yücel and Karataş groups, will remain significant investors in Bahçeşehir, Carlyle said in a statement. Bahçeşehir Koleji, which was established in 1994, is active in nursery, primary an ...

Turkey is considered to have one of the best developing economies in the world recently. Istanbul on the other hand has grown to be one of the giant metropoles in Europe – and the world. A great majority of industrial and economic activities that take place in Turkey are in Istanbul and thus this megapole is called the economic and business capital of Turkey. The Turkish government which has shown a very br ...

A leading Turkish consultancy and investment company has entered the healthcare sector by investing in Istanbul Cerrahi Hospital in cooperation with a firm from a Gulf state. The hospital aims to attract patients from the Middle Eastern and Turkic countries who travel to the United States for medical treatment, Bülent Göktuna, the head of Mineks International, said during a press conference yesterday in Ist ...

It is has been observed for a while now that Turkey is one of the fastest developing economies in the world. Accordingly, Turkey has much more to say in the global logistics sector today. Within this framework one of the most reputable fair companies of Turkey is scheduled to organize an important exhibition in the logistics sector in Turkey between 8-10th December 2011. The same event was held in 2010 - wi ...

Iraq has been one of the major spots of attraction for global investors for a while, as there is a huge need for many new infrastructure investments to be realized to re-build the country after the destructive effects of the war. Turkey being one of the neighboring countries and having a very powerful construction sector in operation in abundant countries ranging from Africa to Soviet Union etc has been ver ...

New York City-based Columbia University has opened its sixth international Global Center in Istanbul for encouraging academic partnerships and assisting in student and alumni affairs with Turkey. “We are committed to providing new opportunities to strengthen our engagement with scholars, ideas and challenges across the globe,” said University President Lee C. Bollinger at the opening ceremony on Nov. 1. “Co ...

Tens of thousands of people participated in İstanbul's famed Eurasia Marathon on Sunday, daring cold weather and rain to run through the city's major roads and across the Bosporus Bridge. Turkish broadcasters said at least 100,000 people, most carrying umbrellas, took part in the annual event despite cold and rainy weather. Authorities allowed up to a maximum of 25,000 people to walk on the bridge at one ti ...

Number of tourists preferring Turkey in world tourism is growing by 12% every year. The number of tourists increased by more than doubled in the last 10 years and rose to 22 million. Turkey until 1980s has been one of the most pristine areas in international tourism. Following increasing bed capacity development of transport network and effective promotion policies, it has been among top 20 countries in wor ...

Turkish Prime Minister Recep Tayyip Erdoğan on Saturday paid his final respects to his mother, who died on Friday at the age of 88, in a funeral held in İstanbul and attended by thousands, including top state officials. Tenzile Erdoğan died in a hospital on Friday, days after a gall bladder operation. Thousands of people filled the courtyard of Fatih Mosque in İstanbul where funeral prayers were held before ...

Industry ministers of Developing 8 countries released on Thursday an Istanbul Declaration at the end of their three-day meeting. The declaration reaffirmed common wish and desire of member countries to encourage industrial and technical cooperation, and said D-8 member states should boost their industrial cooperation in a way that would cover production of D-8 model cars in the long term. In the declaration ...

A senior US official has said US Secretary of State Hillary Clinton will visit Turkey on Nov. 2 to attend a meeting for talks with Afghanistan’s neighbors to discuss ways forward for the war-battered nation. US special representative to Afghanistan and Pakistan Marc Grossman, who is on a visit to Turkey, told Turkish NTV broadcaster on Tuesday that Clinton positively responded Turkish Foreign Minister Ahmet ...

As hot money exits from emerging market currencies, the worrying rise of the dollar against the Turkish Lira continues. The greenback surpassed 1.90 lira for the first time on Tuesday. The surge has caught Turkish corporations off guard, as they carry a huge foreign currency debt load Many traders at Istanbul’s ‘bourse on foot’ carry three mobile phones to make nearly 100 phone calls every day, traders ther ...

Turkey and the United States have agreed to turn Istanbul into a global finance hub with the latter providing technical infrastructure, a Turkish official said Monday. “Istanbul is already a regional financial center. Our aim is to make it a genuine global financial hub,” deputy undersecretary of the Foreign Ministry Selim Yenel told reporters at a joint press conference with U.S. Assistant Secretary of Sta ...

Turkey’s ambitious plan to ultimately convert Istanbul into a global finance center will create approximately 150,000 jobs in the finance sector, according to a top banker. “Currently, nearly 200,000 people work in Turkey’s growing finance sector,” Ersin Özince, chairman of Turkey’s İşbank, told participants at the 25th European People Management Conference in Istanbul. “Another 150,000 will start working f ...

Havaş, the incumbent transport service to Turkey’s main airports, has sued its new rival in Istanbul for confusing the public through brand name and logo similarities and for other non-competitive practices ‘We have brought the issue to court and sued [Havataş] due to the name, logo and [shuttle] similarities,’ says Havaş’s general director Müjdat Yücel.Havaş, a long-established passenger transport service ...