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Mark Zuckerberg fights Indian criticism of Internet.org

Saturday, April 18, 2015 Internet
Facebook’s CEO refutes accusations of net neutrality violation after Indian tech companies drop out of project Following a storm of Indian critics charging Mark Zuckerberg’s Internet.org project violated net neutrality, the Facebook chief executive posted a lengthy repudiation Friday supporting his Web accessibility…

IMF, World Bank praise Turkey's G20 presidency

Saturday, April 18, 2015 Finance
IMF Managing Director Lagarde and World Bank President Kim have congratuled Turkey's 'powerful' and 'honest' G20 presidency. International Monetary Fund managing director and World Bank president have congratulated Turkey on its successful performance during its G20 term presidency. IMF Managing Director Christine…

Turkey builds support for W20 G,group for businesswomen

Saturday, April 18, 2015 Finance
During its G20 presidency term in 2015, Turkey wants to give an official form to the W20 group to globally increase the role of women in the business world. Turkey is building support among businesswomen to form their own Woman 20 or W20 group under G20 to globally increase the role of women in the business world.…

Emirates Airline picks Rolls-Royce for $9.2 bln engines deal

Saturday, April 18, 2015 Enterprise
Dubai’s Emirates Airline on April 17 awarded a lucrative engines deal worth a record $9.2-billion (8.5-billion-euro) to British aircraft engine maker Rolls-Royce. “Emirates today announced an historic $9.2 billion deal with Rolls-Royce for Trent 900 engines and a long-term TotalCare package,” it said in a statement.…

Alternative funding is what the world needs for growth

Saturday, April 18, 2015 Finance
As the chair of the G20 group, Turkey is promoting Islamic finance because it offers additional financial instruments with less uncertainty and shared risks, according to the country's deputy prime minister in charge of the economy, Ali Babacan. Babacan's comments were made during a panel discussion at the annual…

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April 18, 2015

Mark Zuckerberg fights Indian criticism of Internet.org

Facebook’s CEO refutes accusations of net neutrality violation after Indian tech companies drop out of project Following a storm of Indian critics charging…
April 18, 2015

IMF, World Bank praise Turkey's G20 presidency

IMF Managing Director Lagarde and World Bank President Kim have congratuled Turkey's 'powerful' and 'honest' G20 presidency. International Monetary Fund…
April 18, 2015

Turkey builds support for W20 G,group for businesswomen

During its G20 presidency term in 2015, Turkey wants to give an official form to the W20 group to globally increase the role of women in the business world.…
April 18, 2015

Emirates Airline picks Rolls-Royce for $9.2 bln engines deal

Dubai’s Emirates Airline on April 17 awarded a lucrative engines deal worth a record $9.2-billion (8.5-billion-euro) to British aircraft engine maker…
April 18, 2015

Alternative funding is what the world needs for growth

As the chair of the G20 group, Turkey is promoting Islamic finance because it offers additional financial instruments with less uncertainty and shared risks,…

Car sales in Turkey up 42 percent in first quarter

April 17, 2015 in Automotive
ÂÂ Automobile sales in Europe rose by 8.5 percent, with close to 4 million cars sold in the first three months of 2015. Car sales in Turkey jumped 42 percent…

World Bank forecasts slower growth for Turkey

April 17, 2015 in Finance
Turkey attracted steady FDI in 2014, as growth forecast to pick up at end of this year. The World Bank revised its growth forecast for Turkey in 2015 to 3…

KPMG: International investors target Turkey

April 17, 2015 in Finance
Firm says investor interest is considerable, but some issues remain; government should establish a dialogue with business. International investors show…

Turkey: Achieving a transition to a new economy

April 17, 2015 in Finance
At Financial Times Summit on Turkish economy, experts agree that Turkish economy is being transformed, with industry moving to more knowledge-intensive…

Turkish deputy PM promotes Islamic finance at IMF meeting

April 17, 2015 in Finance
Ali Babacan says Islamic finance model offers additional financial instruments with less risk. Turkey, as the chair of G20 group, promotes Islamic finance…

Turkey, Kazakhstan aim to increase trade volume to $10 billion

April 16, 2015 in Asia
Cooperation between Turkey and Kazakhstan is significant for the stability and security of the region, Turkish President Recep Tayyip Erdoğan has said,…

'Oil for goods' makes Iran and Russia partners: Expert

April 16, 2015 in Middle East
Agreement has strategic implications for both countries, experts say. The oil-for-goods agreement makes Iran and Russia partners, said Karine Gevorgyan, an…

Italian group ‘in pole position to win Turkish Stream contracts’

April 16, 2015 in Enterprise
Italian oil services group Saipem is in constant touch with Gazprom over its plans to build the Turkish Stream pipeline and is in pole position to win…

Turkey’s foreign liabilities down in February

April 16, 2015 in Finance
Gap between Turkey’s assets abroad and liabilities hits -$402 billion in February. Turkey's overseas liabilities decreased by 4.1 percent to $634 billion in…

Turkey's nuclear waste to be re-processed in Russia

April 16, 2015 in Energy
Nuclear waste from Turkey's 1st nuclear plant, Akkuyu, will be taken to Russia to be re-used, says head of Russian Rosatom. Russia will transfer used  nuclear…

Turkish lira falls to new historic low against dollar

April 15, 2015 in Finance
Rising US dollar index sees lira drop to 2.6737 in early morning trade. The Turkish lira dipped to a new low against the greenback on Monday as the U.S. dollar…

Russia: Our main focus is to build Turkish Stream

April 15, 2015 in Asia
Gazprom says transit contract with Ukraine will not be renewed after 2019; focus will be on Turkish stream Russian Energy Minister Alexander Novak said Monday that…

Five more countries join China's Asian development bank

April 15, 2015 in Finance
Chinese project for Asian development bank to rival existing institutions now has 46 founding members; Taiwan rejected as member. Applications of 5 more…

S&P downgrades Ukraine's rating to CC

April 15, 2015 in Asia
High foreign debt putting country close to default, says ratings agency. Credit rating agency S&P has lowered Ukraine’s credit rating to CC from CCC, according…

Greece, Russia to sign Turkish Stream cooperation deal

April 15, 2015 in Finance
The memorandum of understanding will cover the pipeline's route between Greece and Russia, Greek energy minister says. A cooperation agreement for the…

Mark Zuckerberg fights Indian criticism of Internet.org

Mark Zuckerberg fights Indian criticism of Internet.orgFacebook’s CEO refutes accusations of net neutrality violation after Indian tech companies drop out of project

Following a storm of Indian critics charging Mark Zuckerberg’s Internet.org project violated net neutrality, the Facebook chief executive posted a lengthy repudiation Friday supporting his Web accessibility initiative.

Indian advocates for net neutrality argued this week that... Add a comment

Read more...

IMF, World Bank praise Turkey's G20 presidency

IMF, World Bank praise Turkey's G20 presidencyIMF Managing Director Lagarde and World Bank President Kim have congratuled Turkey's 'powerful' and 'honest' G20 presidency.

International Monetary Fund managing director and World Bank president have congratulated Turkey on its successful performance during its G20 term presidency.

IMF Managing Director Christine Lagarde and World Bank President Jim Yong Kim made the remarks Friday at the... Add a comment

Read more...

Turkey builds support for W20 G,group for businesswomen

Turkey builds support for W20 G,group for businesswomenDuring its G20 presidency term in 2015, Turkey wants to give an official form to the W20 group to globally increase the role of women in the business world.

Turkey is building support among businesswomen to form their own Woman 20 or W20 group under G20 to globally increase the role of women in the business world.

During its G20 presidency term in 2015, Turkey wants to give an official form... Add a comment

Read more...

Emirates Airline picks Rolls-Royce for $9.2 bln engines deal

Emirates Airline picks Rolls-Royce for $9.2 bln engines dealDubai’s Emirates Airline on April 17 awarded a lucrative engines deal worth a record $9.2-billion (8.5-billion-euro) to British aircraft engine maker Rolls-Royce.

“Emirates today announced an historic $9.2 billion deal with Rolls-Royce for Trent 900 engines and a long-term TotalCare package,” it said in a statement.

The engines will power 50 Airbus A380s that were ordered at the Dubai... Add a comment

Read more...

Alternative funding is what the world needs for growth

Alternative funding is what the world needs for growthAs the chair of the G20 group, Turkey is promoting Islamic finance because it offers additional financial instruments with less uncertainty and shared risks, according to the country's deputy prime minister in charge of the economy, Ali Babacan. Babacan's comments were made during a panel discussion at the annual spring meetings of the International Monetary Fund (IMF) and the World Bank in... Add a comment

Read more...

Car sales in Turkey up 42 percent in first quarter

Car Sales İn Turkey Up 42 Percent İn First Quarter 

Automobile sales in Europe rose by 8.5 percent, with close to 4 million cars sold in the first three months of 2015.

Car sales in Turkey jumped 42 percent in the first quarter, Turkey's Automotive Distributors Association said in a statement on Friday.

During the same period, Turkish automotive market sales increased by 42 percent. For the January to March period, 173,000 light... Add a comment

Read more...

World Bank forecasts slower growth for Turkey

World Bank forecasts slower growth for TurkeyTurkey attracted steady FDI in 2014, as growth forecast to pick up at end of this year.

The World Bank revised its growth forecast for Turkey in 2015 to 3 percent from 3.5 percent, the bank said in a report released on Friday.

Reduced demand pressured growth lower in 2014, the bank said, keeping growth below potential, the report noted.

"Subdued aggregate demand in the second half of 2014... Add a comment

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KPMG: International investors target Turkey

KPMG: International investors target TurkeyFirm says investor interest is considerable, but some issues remain; government should establish a dialogue with business.

International investors show considerable interest in Turkey, Keith Durward, head of advisory at the global auditing firm KPMG Turkey, told The Anadolu Agency.

"Turkey continues to be an important investor target. There are, however, some specifics that international... Add a comment

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Turkey: Achieving a transition to a new economy

Turkey: Achieving a transition to a new economyAt Financial Times Summit on Turkish economy, experts agree that Turkish economy is being transformed, with industry moving to more knowledge-intensive production.

Turkey is in the process of transforming its economy, experts said at the Financial Times Summit on the Turkish economy in Istanbul on Wednesday.

"Economic change is necessary, and a new story for the Turkish economy is being... Add a comment

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Turkish deputy PM promotes Islamic finance at IMF meeting

Turkish deputy PM promotes Islamic finance at IMF meetingAli Babacan says Islamic finance model offers additional financial instruments with less risk.

Turkey, as the chair of G20 group, promotes Islamic finance because it offers additional financial instruments with less uncertainty and shared risks, according to the country’s deputy prime minister on Thursday. 

Ali Babacan’s comments were made during a panel discussion at the annual... Add a comment

Read more...

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