Expanding Turkish Airlines Will Boost U.S. Service
ISTANBUL -- (TheStreet) -- Turkey's continuing emergence as a world power is fueling expansion by Turkish Airlines, including more U.S. service. In April 2013, the carrier will begin four-day-a-week service from its Istanbul hub to Houston. It also has plans to serve five additional U.S. cities: Atlanta, Boston, Detroit, Miami and Orlando. Currently, Turkish Airlines flies to Chicago, Los Angeles, Washington and New York Kennedy, which has three daily flights.- Published in Latest
PHILADELPHIA (AP) - A Philadelphia archaeology museum will indefinitely loan ancient jewelry known as "Troy gold" to Turkey in exchange for a future exhibit related to King Midas. The deal is part of what Penn Museum officials call a landmark agreement to work more collaboratively with Turkey's Ministry of Culture and Tourism. The arrangement announced Tuesday includes continuing Turkish support for Midas-related Penn excavations at Gordion, in central Turkey.
(Reuters)—Dubai Group has sold its Turkish insurance arm to a company owned by Maurice R. Greenberg, former CEO of American International Group Inc., and a unit of Dubai lender Mashreq Bank as the state investment firm looks to cut its debt pile. Oman Insurance Co., the Mashreq unit, said on Tuesday it had bought a 51% stake in Dubai Group Sigorta, an insurance company based in Istanbul that does nonlife insurance business. The remaining 49% was acquired by Starr Insurance & Reinsurance Ltd., part of Mr. Greenberg's Starr International Co., OIC said. No financial details of the transaction were provided.
We have received confirmation that Rocket is launching Jumia, an Amazon clone, in Egypt, extending a site initially launched in Nigeria that has also launched in Morocco. The brand, which was rebranded from Kasuwa due to local copyright infringement, will sell electronics, books, and a variety of consumer goods in Africa. Kasuwa's launch in Nigeria in June follows Rocket's closure of earlier e-commerce site Kalahari in October 2011.
