Business - turkofamerica.com

Islamic Relief Organizations Pledge $10M to Help The People of Yemen

ALEXANDRIA, Va. – Rising levels of hunger in Yemen, fueled by a deepening currency collapse and massive donor funding shortfalls, have prompted Islamic Relief organizations to inject millions in emergency funding into the war-ravaged country, where the 27 percent death rate for those testing positive for COVID-19 is among the highest in the world. Islamic Relief USA and its partner organization, Islamic Relief Worldwide (IRW), will provide $10 million to provide food, water, sanitation and hygiene projects (WASH), as well as nutrition and health programs. This initiative will attempt to plug a small part of the massive funding gaps after the United Nations fundraising goal of $2.4 billion was unmet. Only half of this amount was pledged, with three-quarters of U.N.-backed programs facing cuts or closures in the coming weeks.

March 8, 2021
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Written by Admin TOA

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Turkish, US Firms to Meet Virtually, Focusing on Defense, Digital Economy, Construction, Energy

The 38th American-Turkish Conference will address bilateral economic, trade and strategic ties when attendees meet virtually Sept. 21- 24 because of the coronavirus pandemic. The event is organized by Turkey's Foreign Economic Relations Board (DEIK) Turkey-U.S. Business Council (TAIK) and the U.S. Chamber of Commerce. Khush Choksy, U.S. Chamber of Commerce senior vice president for the Middle East, Turkey and Central Asia Affairs, told Anadolu Agency (AA) Saturday the conference will focus on key sectors that will support U.S.-Turkey economic recovery post-COVID and contribute to the $100 billion (TL 755 billion) bilateral trade goal from its previous $75 billion when Turkish President Recep Tayyip Erdoğan and U.S. President Donald Trump raised it last June.

September 22, 2020
Published in Associations
Written by Ali Cinar

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deik
TAIK

Hanover Bancorp, Inc. and Savoy Bank Announce Strategic Merger Combination to Create a Premier NYC Metro Community Bank

MINEOLA, N.Y., Aug. 27, 2020 (GLOBE NEWSWIRE) -- Hanover Bancorp, Inc. (“Hanover” or “the Company”), parent company of Hanover Community Bank, and Savoy Bank (“Savoy”) are pleased to jointly announce that Hanover and Savoy have entered into a definitive agreement pursuant to which Savoy Bank will merge into Hanover Community Bank in a stock and cash transaction valued at approximately $63 million. The agreement was unanimously approved by the boards of directors of both companies. Directors of Savoy have executed voting agreements in favor of this combination. The Savoy directors own approximately 49% of Savoy’s outstanding shares.

August 27, 2020
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Amish Market Will Close Permanently This Month

Amish Market, which has held up the entire storefront along West Broadway between Park Place and Murray for years, will close permanently — likely by the 26th. The word came from the store manager, Mike Jording.

September 18, 2020
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Special Ramadan Greeting from Members of Congress

Seventy members of Congress from across the United States have shared video messages and letters of recognition with Islamic Relief USA, expressing their “Ramadan Mubarak!” greetings and commending the Islamic Relief family for its humanitarian and advocacy work. IRUSA thanks them for their engagement with the Muslim community and their recognition of this blessed season.

April 24, 2020
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Halfway through Ramadan

We've already reached the half-way point of this month where we strive for piety and righteousness! And you have made it a remarkable 15 days. Look at some of what we've achieved together.

TURNING IDEAS INTO ACTION

With so many people restricted to working from home and practicing social distancing, IRUSA answered your call and created a whole channel of online events and programs via IRUSA Live, including: Ramadan Reflections - The Prophets Series; 30 for 30 - Fitness Workout with Abdul-Kareem Al-Selwady; Digital Kids Camp with Noor Kids, Cooks for a Cause, The Ten, and more.

WORKING GLOBALLY

Islamic Relief donors have provided food aid and hygiene kits containing essentials like hand sanitizer, surgical masks, and thermometers to high-risk communities in places like Syria and Afghanistan where vital health infrastructure has crumbled due to conflict.

And you've done so much more: You've helped those suffering from thirst get water; orphans get support; and widows gain opportunities to create a livelihood for themselves and their families; and on and on.

YOUR SUPPORT MAKES A DIFFERENCE
Because of your generosity and support, IRUSA is able to implement these programs and many more to help our sisters and brothers in need around the world.

If you have NOT made a donation this Ramadan, it’s not too late! And if you have, then a Ramadan Jummah is a great day to increase your sadaqah.

$50 can provide a family with a Ramadan food package

$100 can provide rice and meal essentials for five families

$500 helps give financial assistance to our vulnerable neighbors affected by COVID-19

May 8, 2020
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Chobani Repurposes SoHo Cafe Into Food Pantry Amid COVID-19 Pandemic

By Beth Dedman - amNewYork - Chobani has redirected the focus of their Chobani Café in SoHo into a temporary food pantry, where employees are giving away free Chobani products beginning April 28. The café will open twice a week for the foreseeable future to give free products and support families and food bank workers. The Café food pantry is staffed by Chobani Café employees and volunteers from the #BeAShepherd initiative. Chobani is the Turkish word for “shepherd” and inspired the “giving back” values Chobani wants to embody at this time.

April 29, 2020
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Turkish, US Joint Firm Wattozz to be Listed in Nasdaq

Wattozz Holdings Inc., a Turkish-US joint defense company, will be listed in the New York-based Nasdaq stock market, Turkish conglomerate Albayraklar Holding announced on Monday. Last week, the US-based energy firm Enerkon purchased 20% of shares of Albayraklar Defense, a subsidiary of Albayraklar Holding, and the two sides established Wattozz Holdings Inc. in the US, according to Nasdaq's website.

May 1, 2020
Published in Companies
Written by Admin TOA

SNC Offers Relief to Employees, Communities During Pandemic

Sierra Nevada Corporation (SNC), the global aerospace and national security leader owned by Eren and Fatih Ozmen, is on track to meet customer milestones and, in navigating the extreme circumstances of the pandemic, is now deploying resources toward identifying and meeting employee and community needs. These include production of personal protective equipment (PPE) for health care workers, matching employee charitable contributions and maximizing time-off flexibility and other benefits for its workforce of more than 4,000 highly-skilled employees.

May 1, 2020
Published in Companies
Written by Admin TOA

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SNC
covid19

Winter Is Right Around The Corner

Winter can make or break survival for any of us. And for our vulnerable sisters and brothers—those already suffering from poverty, displaced from their homes, with no food or water—the freezing temperatures add another battle they have to fight to survive. Our team at IRUSA will be working from now and all winter long to aid communities braving the cold. But we need your help. Sharing your warmth helps our sisters and brothers get through the winter. Your donation provides vital items like food, medical aid, water, blankets, mattresses, plastic sheeting, plastic mats, shoes, jackets, hats, sweatshirts, gloves, waterproof coats, socks, and more.

November 22, 2019
Published in Associations
Written by Admin TOA

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A rendering of Anish Kapoor's sculpture at 56 Leonard Street in New York © Anish Kapoor

New York Will Soon Get Its Own Shiny Anish Kapoor Sculpture

Since it was installed in Chicago’s Millennium Park in 2004, Anish Kapoor’s mirrored metal sculpture Cloud Gate—more affectionately known as “The Bean”—has become a magnet for art loving residents and tourists alike. Now, New York is finally getting its own shiny statement piece by the artist, his first permanent public work in the city, but instead of a luxe legume it will resemble a squashed balloon.

November 6, 2019
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Bango Partners with MobileAction to Boost App Monetization

Bango and MobileAction, the app store optimization and app intelligence platform, are collaborating to boost in-app payment revenues for app developers through smart campaign targeting. MobileAction’s global community of app developers can now gain a substantial competitive advantage by targeting their campaigns at the users most likely to spend in apps. Created by analyzing payment information gathered across billions of dollars of in-app purchases, Bango Audiences enable app marketing campaigns to directly target new paying users. By applying Bango Audiences, the revenue generated from user acquisition campaigns has been proven to increase by between 2x - 9x compared to targeting “vanilla” audiences that do not offer payment insight.

November 6, 2019
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Halkbank Wants U.S. to Toss Case It Won’t Recognize

A lawyer for a Turkish bank accused by the U.S. of aiding an Iranian scheme to evade economic sanctions appeared in a New York courtroom for the first time on Tuesday and said the bank continued to dispute the U.S.’s legal authority over it and planned to seek dismissal of the case. The state-owned bank, known as Halkbank, has so far refused to accept a U.S. legal summons or other court papers, and hasn’t entered a plea to charges filed against it last month. The American lawyer for the bank, Andrew Hruska of King & Spalding, is seeking permission for a “special appearance” to seek dismissal of the case without the bank first having to formally accept and answer the charges.

November 6, 2019
Published in Companies
Written by Admin TOA

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Halkbank

Advertise in TURKOFAMERICA Magazine Special Issue on Real Estate

TURKOFAMERICA is now getting together all Turkish-American real estate professionals on a special issue. The issue will be an unique source of "Who is Who in Turkish-American Real Estate Business." TURKOFAMERICA had list of Turkish-American doctors on special issue in 2009 and Turkish-American Lawyers in 2017.

November 4, 2019
Published in Companies
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