Sixteen people were arrested in Turkey on Saturday, including the sons of two cabinet ministers and the general manager of state-owned Halkbank, during a corruption investigation, CNN Turk and other media reported.
Scores of other
Dubai-based private equity investor Abraaj Capital has acquired 80 per cent stake in Turkish dairy products maker Yorsan, Turkey's Competition Board said.
Abraaj Capital will carry out the transaction via its Turkish subsidiar
Iraq is keen to see oil shipped via pipeline from the northern Kurdish region but any exports must be approved by Baghdad, Deputy Prime Minister for energy Hussain al-Shahristani said, after flows on the pipeline started on Friday.
Turkey and the European Union signed an agreement on Monday allowing EU governments to send back illegal immigrants crossing into Europe from Turkey in a move highlighting a thaw in relations between Ankara and the 28-member bloc.
Turkish fertiliser maker Gubre Fabrikalari may invest in more petrochemicals businesses in Iran as some international sanctions against Tehran are eased, its general manager said.
Gubretas already has an Iranian subsidiary, Razi P
UAE-based Green Valley International Real Estate has announced plans to invest Dh200 million ($54.4 million) in Turkey real estate projects.
The Emirati company has launched three projects in the country to tap the growth potentia
Iraq and northern Kurdistan appear to have found a formula that will allow the autonomous region to export oil to Turkey in a new pipeline, a step towards resolving a long-running dispute over land and oil rights.
Turkish Energy M
Turkey said on Monday it stood by a bilateral oil deal with Iraq's Kurdistan region that bypassed central government but sought to appease Baghdad by drawing it into the arrangement.
Reuters reported Turkey and Iraqi Kurdistan
Iraqi and Turkish energy officials are expected to meet in Baghdad on Sunday after Ankara agreed a package of energy deals with Iraq's autonomous northern region that the central government says are illegal.
Turkish Energy Min
Turkey and Iraqi Kurdistan have yet to completely finalize a package of energy deals, and Ankara will seek Baghdad's co-operation on the issue, the Turkish foreign ministry said on Saturday after sources said the contracts had been signed.