Turkish Skyline Foreshadows Emerging-Market Slowdown

Sapphire Tower - Ayman Oghanna for The New York Times

Sierra Nevada Corporation (SNC) announces the completion of the Dream Chaser® Space System tow testing at NASA’s Dryden Flight Research Center in Edwards, Calif. The ground tow tests were conducted in preparation for the upcoming approach and landing test scheduled for the third quarter 2013.
ISTANBUL— Caroline is sitting in the passenger seat of the gray Mercedes 200. She turns to Ibo, and says, “Take me home please.” Ibo’s eyes light up at the thought. “With pleasure,” he murmurs. “We can have coffee in your new house and speak a bit.” Caroline feigns outrage. “Ibo, you’re still married, you saw Mesude, she was like crazy,” she says in her deliberately broken Turkish. “I am afraid of her. They’re going to get the police. You and I … the same house—no.” “OK,” says Ibo, in full retreat. “I'll try to be patient until the divorce.”
Dubai-based Abraaj Group on Thursday announced the acquisition of a significant stake in Republika Academic Apartments, consisting of two student accommodation assets totalling 1,274 beds in Turkey. The transaction gives Abraaj substantial ownership of two exceptional quality assets, the investment firm said in a statement. The properties are situated in Ortakoy and Buyucekmece, both strong catchment areas for students, young professionals and apartment hotel guests in Istanbul, it added without giving a value for the company's investment.
Dr. Mehmet Oz sat down to talk with JTA on the Tel Aviv coast last week, but what he really wanted to do was go to the beach. Oz, the surgeon and well-known TV personality, was in Israel for the first time and had a packed itinerary. He traversed the country from the Red Sea to the Golan, lectured Israeli physicians in a northern Israeli hospital and met with Prime Minister Benjamin Netanyahu. His host on this whirlwind tour was Rabbi Shmuley Boteach, the author and sexpert who lives in New Jersey. The two met when they were both on an Oprah Winfrey radio program. Boteach recently gave Oz an award for being a “champion of Jewish values,” and the trip was paid for by casino mogul Sheldon Adelson, another recipient of the award.
According to the data provided by the Turkish Statistical Institute (TUIK), in the first half of this year Turkey's steel scrap import volume saw a significant decline of 18.25 percent compared to the same period of the previous year, amounting to 9.3 million mt. In addition, the country's scrap imports in June fell 13.8 percent compared to June 2012, amounting to 1.7 million metric tons.
by Carol Caldwell- photography by Hollis Bennett - From the moment we first met, Cano Ozgener put a spell on me. The man is a magus. Everything he touches turns to gold. CanoIn his first life, Cano turned himself from apprentice at his father’s business designing jewelry in Istanbul to a brilliant career in the New World at engineering research, and now, in Nashville to stay, he has a collection of Turkish meerschaum pipes unrivaled anywhere on earth. From this obsession must have stemmed his next manifestation as maker and purveyor of fine, handmade cigars. Cano, pronounced Johno, turned the profits from the sale of his cigar empire, CAO, into a sprawling, modern compound seated next to the landing strips at John Tune airport. This alchemist with the golden touch then tapped his magic wand and brought forth OZ Arts, a non-profit organization meant to foster the visual and performing arts in Middle Tennessee.
Malware writers keep working to make their nasty products evade detection by popular antivirus tools, and the antivirus vendors naturally try to keep up, or even get ahead. Every couple of months, German independent antivirus lab AV-Test releases a report that lets the vendors (and users) know how they're doing in three areas: Protection, Performance, and Usability. In the latest test a few products stand out not specifically because of their scores, but because of how those scores have changed. The same was true in a recently-released test by Austrian lab AV-Comparatives.
Chobani Greek yogurt, with a new processing plant in Twin Falls, Idaho, has won a USDA contract to supply its product to the National School Lunch Program this fall. USDA announced a pilot program last month to include Greek yogurt in school lunches in four states and opened solicitations, which closed July 22. On Friday, the agency announced that Chobani won the $279,720 contract to supply nearly 200,000 pounds of blueberry, strawberry, vanilla, and plain Greek yogurt from September through November to schools in Idaho, New York, Tennessee, and Arizona.
Cairo, Egypt July 28, 2013 - The Coca-Cola Company sponsored 100 college students from eight countries across North Africa, the Middle East, and Near Asia to attend a residential Summer Entrepreneurship Program at Indiana University's Kelley School of Business in early June 2013. For the second year, The Coca-Cola Company continued its partnership with the US Department of State and Indiana University to support and to empower the next generation of youth by enhancing their business skills and promoting social entrepreneurship across the region.
A British court ruled on Tuesday that Turkey’s Çukurova Group must pay $1.57 billion to Russian telecom firm Altimo in 60 days to recover Turkcell shares appropriated for a defaulted loan. The British Privy Council’s rule opens the way to end an eight-year dispute between major shareholders, yet it is unclear how the financially troubled Çukurova is going to find this amount of money in two months. In May, Turkey’s Savings Deposit Insurance Fund (TMSF) seized more than 10 companies belonging to Çukurova’s owner Mehmet Emin Karamehmet, citing Çukurova’s bleak financial record and its inability to pay its heavy debt to the TMSF in the foreseeable future.