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Admin TOA

Saudi Alhokair Acquires 10 pct Stake in Turkey's Simit Sarayı

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.

  • Published in Turkey

Turkish Fashion to Big Apple

İstanbul Apparel Exporters’ Association (IHKIB) which provides 75 percent of Turkey’s ready- to- wear export, has opened Turkish Trade Center in coordination with Turkish Exporter’s Assembly (TİM) in New York in the region which is claimed as the ‘ground zero’ of the World of Fashion.

Senbahar’s Real Estate Loan Was Among the NYC’s Largest Loans

Parlez-vous real estate finance? The top loans recorded in New York real estate this June spotlight multiple appearances by francophone banks and investors, proving that high-level leverage can come in any language at any time. Parisian lenders Natixis, Société Général and Credit Agricole together backed more than $1 billion in new deals. Their active neighbor to the east, Deutsche Bank, makes its usual appearances this month, including as part of the largest city real estate loan since the sale of Stuyvesant Town. Here’s the full top 10:

Turkish Dep. PM Demands US ‘Immediately’ Arrest Gulen

The U.S. needs to “immediately” arrest the head of the Fetullah Terrorist Organization (FETO), Deputy Prime Minister Numan Kurtulmus said Monday. Terror leader Fetullah Gulen, who martyred many and tried to overthrow democracy in Turkey last July, resides in the U.S. state of Pennsylvania as if nothing happened, Kurtulmus said at a news conference at the Presidential Palace while a Cabinet meeting was being held separately.

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