Japanese Partner for Abu Dhabi's Investment Bank's Turkey Trot
Invest AD, an investment bank owned by the Abu Dhabi Government, is teaming up with a Japanese company to launch a $100 million buyout fund focused on Turkey.The joint venture between Invest AD and Japan's SBI Holdings will be the second for the two companies after they set up a $100m Africa fund last year. Each of the two parties will contribute $50m to the new Turkey fund, according to a statement.
"We're developing a strong long-term interest in Turkey, a strategically important country in the region which has seen robust economic growth in the last 10 years," said Nazem Fawwaz al Kudsi, the chief executive of Invest AD.
Invest AD already has an interest in Turkey through its existing private equity funds. The company in 2009 bought part of EKOL Logistics, which handles shipments of goods between Turkey and Europe.
Turkish politician and economist Kemal Derviş is the early frontrunner to replace Dominique Strauss-Kahn at the International Monetary Fund.
The ATAA Board of Directors empowered a Nominations Committee, chaired by Ms. Lale Iskarpatyoti, a former ATAA VP, and served by President-Elect Ergun Kirlikovali, Past President Nurten Ural, Former President Tunca Iskir, and Former President and Founder Ulku Ulgur. All candidates were nominated and selected in strict accordance with the ATAA bylaws and procedures. Those candidates that were nominated expressed their voluntary and explicit agreement that the nomination of each was appropriate and that their candidacy met both the spirit and word of the ATAA charter, bylaws and mission. The Election Process was overseen by the Teller's Committee, which was approved by the Board of Directors. 
Turkey's top aerospace company and the Sierra Nevada Corporation, or SNC, a United States’ satellite company owned by a Turkish American, have agreed to cooperate to jointly make satellites for Middle Eastern companies, officials from both firms told the Hürriyet Daily News on Wednesday.
A few months back, economists were openly debating whether fast-growing Turkey should be elevated into the elite club of ‘BRIC’ economies — Brazil, Russia, India and China — that are slated to dominate global growth over the next decades.
Former Mexican President Vicente Fox said this week that the only way to end the drug violence plaguing his country is for the United States to legalize drugs.
A week ago, Kyrgyz Prime Minister Almazbek Sharshenovich Atambayev arrived in Turkey for a two-day visit, meeting with top officials and attending the Turkey-Kyrgyzstan Trade and Investment Forum organised by Turkish Confederation of Businessmen and Industrialists.
Nissan Motor Co., Japan’s second- biggest carmaker, was chosen to supply New York’s next fleet of yellow taxi cabs, a deal city officials valued at $1 billion over 10 years.
Heating up the campaign for the coming parliamentary elections, Turkey’s governing party on Wednesday unveiled a proposal to build a canal parallel to Istanbul’s Bosporus that would be longer than either the Panama or Suez canals.
The Turkish Coalition of America (TCA) and the Turkish Cultural Foundation (TCF) were honored to host Congressman John Boehner (R-OH), the Speaker of the House, at a dinner in Washington, D.C.
Total compensation for executives from TOP sponsors Coca-Cola, Dow Chemical, General Electric, Procter & Gamble and Visa was released in a New York Times report Friday on the pay of major U.S. corporate leaders.
CKE Restaurants Inc. said Tuesday that it has opened its first Carl's Jr. restaurant in Istanbul, Turkey. The fast-food chain opened in the Cevahir Shopping Mall in central Istanbul. It is the first of at least 25 Carl's Jr. locations set to open in Turkey over the next six years.
