Sectors

Real Estate

Kuveyt Türk has been the sector leader in housing financeAccording to the official data of June, Kuveyt Türk is ranked as the first in the sector with its housing finance growth rate. Kuveyt Türk is also ranked as first with fund utilization rate, among other participation banks, while it was third among all banks. 

In the statement by Kuveyt Türk, Mehmet Oral, Executive Vice President - Retail and Business Banking, said that according to the... Add a comment

Energy

Kurds' account of selling Kirkuk oilKurdish Regional Government's new plan to increase oil exports by 280,000 barrels per day may imply the selling of disputed Kirkuk oil, say experts.

Kurdish Regional Government in Iraq's north claims it will increase oil exports to Turkey from 120,000 barrels per day to 400,000 by the year's end, however experts believe this hints at their bid to export disputed Kirkuk oil, which is in... Add a comment

Automotive

Turkish auto output seen at record level this year – AssociationTurkish automotive production is expected to hit a record this year as a recovery in European demand drives up exports from Europe's fifth-biggest producer, the Automotive Manufacturers Association (OSD) said on Sunday.

The association expects output to rise by 11 percent to 1.25 million units from 1.13 million units in 2013.

"I believe the production will break the record this year on... Add a comment

Tourism

Anatolia draws investors and tourists’ attention Anatolia Tourism Operators Association (ATID) president Seçim Aydın said that attention of tourists to Anatolia, which has rich history and cultural background, has recently increased.  

“While Turkey’s overall tourism growth is average 10-12 percent, average growth rate of tourism in Anatolia is 15 percent. Figures show that Anatolia’s growth rate is more than Turkey.” 

Aydın... Add a comment

Telecom & IT

Yıldız firm to finance Çukurova's Turkcell shares on 'strong assurance'Yıldız Holding firm Gözde Girişim will help Çukurova Holding to retake its stakes for $1.6 billion on strong assurance, Yıldız Chairman Murat Ülker has said, ruling out partnership.

Yıldız Holding Chairman Murat Ülker said his holding’s subsidiary Gözde Girişim will not lend the Çukurova Holding – a company gripped by financial constraints – its Turkcell shares unless it... Add a comment

Transportation

Turkey's state-run air carrier boosts passenger numbersTurkish Airlines carries 21.3 million people in the first half of the year.

Turkish Airlines passengers increased by 3.2 million in the first half of 2014, the company said Thursday.

 According to a regulatory filing to Turkey's capital markets authority, the country's flag carrier airlines company increased passenger number to 21.3 million in the first half of the year, a 18 percent... Add a comment

Health Care

Recordati breaks ground for new pharmaceutical plant in Turkey Italian pharmaceutical company Recordati has broken ground for its USD 50 million production facility in the Cerkezkoy Organized Industrial Zone in Tekirdag province in northwestern Turkey.

Slated to reach operational capacity by early 2016, the plant will manufacture drugs for various therapeutic uses, in particular, cardiovascular and urogenital diseases, creating 130 new jobs.

Expressing... Add a comment

Education

Turkish university and IBM to build ‘smarter Istanbul’Turkey’s Kadir Has University has joined hands with IBM to open an urban engineering laboratory in a bid to turn Istanbul into a smarter city.



"We are proud to open such a lab for the first time with our engineering department. This lab will help us to raise experts, specialists, and administrators to solve this city's problems," Professor Sirin Tekinay said during the press conference... Add a comment

Agriculture

11 year old Turks create healthy sausages from nutsTwo 11-year-old boys replace carcinogenic sausage ingredients with wallnut shell powder in competition project.

Walnuts and their distinctive wrinkly shells have been reported to have many benefits in folk medicine, from curing warts to killing ringworm. But few people, it would seem, have thought of using them to produce organic sausages.

Two 11-year-old Turkish boys, as part of a science... Add a comment

Media

Media conference kicks off in Istanbul4th annual DISCOP Istanbul conference commences with news of the success of Turkish TV series abroad.

DISCOP Istanbul 2014, Eurasia’s television and online content industries gathering, kicked off in Istanbul at the Lutfi Kirdar Convention and Exhibition Center with a conference called ‘Dramas with Passports.’

Speaking at the conference, Izzet Pinto, CEO of Global Agency, a film... Add a comment
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