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Admin TOA

Abraaj Says Eyeing Turkey Deals Worth $30-$100 Mln

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.

  • Published in Turkey

US Homeownership Spikes A Year After Hitting 50-year Low

The homeownership rate across the country hit 63.7 percent in the second quarter of the year, according to the Census Bureau. The jump is a full percentage point increase from the same time period last year, the Wall Street Journal reported. In the second quarter of 2016, the homeownership rate was 62.9 percent, a 50-year low, according to the publication.

  • Published in Reports

Ranking the World’s Most Valuable Brands

Tech has already conquered the stock market and the realm of digital advertising. Now the technology sector also has a strangle hold on another measure: the value of consumer brands. The massive scale and reach of tech companies has helped their brand values to skyrocket over the last decade. In fact, even just adding Google and Apple’s most recent numbers together gives a figure that rivals the GDP of Sweden.

German Business Won't be Affected by Political Disagreements, Turkish Minister Assures

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.

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