ISTANBUL, July 28 (Reuters) - Abraaj Group, the Dubai-based private equity firm, is looking to invest in midsize companies in Turkey and could spend $30-$100 million on individual deals, a senior executive told Reuters.
Turkey's Deputy Prime Minister Mehmet Şimşek has assured German companies that their investments in Turkey are safe, and their business would not be affected by recent political disagreements between Ankara and Berlin. In an interview with the Der Spiegel weekly published on Saturday, Şimşek underlined that Turkey had left behind a difficult period after the defeated coup attempt last year, and Turkish economy was performing well at the moment.
Limak has become a partner of the highway project in Ufa, Russia, which has a total construction value of 34 billion rubles ($570 million). Limak, a joint venture of Bashkir Concession Company (BCC), which was established for the highway project, with the Russian company VTB Capital, will also be undertaking the contracting side of the project.
By Joseph Trevithick * - Turkey has reportedly signed deal to co-produce the S-400 surface to air missile system with Russia. The plan has already provoked criticism from the country’s fellow NATO members and could further strain its relations with the alliance. Turkish President Recep Tayyip Erdoğan made the announcement during a parliamentary meeting with other members of his Justice and Development Party, more commonly known by its acronym AKP, on July 25, 2017. Turkey and Russia have been negotiating the arrangement since November 2016 and Turkish officials reported these talks were in their “final stage” in April 2017.
Stuttgart -born, Berlin-based producer Özgür Yelmen (a.k.a Ninetoes) has come a long way since slamming onto the house music scene in 2013 with his track Finder – a record that became the most Shazam'd track on the island. Since the release of that seminal smash, he ensured that his alias would be one that would stick, with a slew of releases and remixes being signed by some of the world's most esteemed labels, including Saved Records, Noir, Suara, Mobilee, This & That, Toolroom Records, Stereo Productions, and Snatch and Rouse.
Two people were killed and at least 100 injured after a magnitude-6.7 earthquake rocked popular Greek and Turkish tourist destinations on the Aegean Sea early Friday, the U.S. Geological Survey and officials said. The earthquake sent tourists and locals running into the streets on the Greek island of Kos and the Turkish port city of Bodrum shortly after 1.30 a.m. (6.30 p.m. Thursday ET), according to the Associated Press. Both destinations are popular with European vacationers during the summer high-season.
Turkey's most popular and widespread simit chain, Simit Sarayı, which turned simit into a brand in the country and opened to the world with franchises, has partnered with a Saudi firm. Having conducted partnership talks with foreign funds in recent years, Simit Sarayı has signed an agreement with Saudi Arabia-based Fawaz Alhokair Group for the sale of a 10 percent stake in the company. According to a joint statement released by the two companies, Fawaz Alhokair Group Vice Chairman and retail leader Abdul Majeed Alhokair will be appointed as a board member of Simit Sarayı.
President of Turkmenistan Gurbanguly Berdymuhamedov and Chairman of the Board of directors of the Çalık Holding Ahmet Calik discussed the development priorities of the energy sector during the meeting, the Turkmen government said on Wednesday. Turkish businessman announced proposals to ensure a stable and reliable power supply of the Turkmen capital and modernization of power system as a whole. 
Asil Nadir, the Turkish Cypriot businessman who fled from Britain to Cyprus, returning two years ago, has been found guilty of three counts of theft following a six-month trial. A jury at the Old Bailey cleared Nadir, after initial confusion, of one other count but is still considering a further nine counts after being given a majority direction. The verdicts draw to a close a high-profile prosecution brought by the Serious Fraud Office which had alleged that Nadir (71) had “abused” his power as chairman and chief executive of Polly Peck, a company he had helped to build into an international business. 
