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Tuesday, September 13 2011 , Your time is 15:58:00
Lukoil plans to keep pumping 100 million tons of oil per year between 2018 and 2027 with projects outside Russia and will keep annual investment at $8 billion-$8.5 billion, the chief executive said on Sept. 23.
Nail Olpak was appointed as the new chair of Turkey’s Foreign Economic Relations Board (DEİK) on Sept. 22, after Ömer Cihad Vardan resigned from the post due to personal reasons.
The U.N. Global Compact platform has named leading Turkish mobile phone operator Turkcell’s CEO Kaan Terzioğlu as one of the 10 Sustainable Development Goal pioneers over the company’s Hello Hope mobile app for Syrian refugees, Turkcell announced on Sept. 22.
Britain’s main opposition Labor Party must commit to staying in the European Union’s single market after Brexit and put an end to Prime Minister Theresa May’s “destructive Brexit,”
Trucks carrying hi-tech car components rumble in and out the gates of an American industrial zone in the heart of China’s rust belt -- using roads that the city especially renovated for the complex.
Talks to update the North American Free Trade Agreement intensified on Sept. 23 although U.S. negotiators looked set to once again withhold proposals for one of the Trump administration’s most challenging issues.
The richest top 20 percent of society in Turkey received 47.2 percent of total income in 2016, marking a slight increase from the previous year, according to Turkish Statistical Institute (TÜİK) figures.
The number of newly established companies in Turkey soared by 47.46 percent year-on-year to reach 6,593 in August, the Turkish Union of Chambers and Commodity Exchanges (TOBB) said in a report released on Sept. 18.
The U.S. dollar rose sharply against the Turkish Lira late on Sept. 20 after the Federal Reserve unveiled plans to wind down its crisis-era stimulus and hinted at another interest rate hike before the end of the year.
The Treasury had a cash balance surplus of 2.97 billion Turkish Liras ($847 million) in August, it stated on Sept. 11.
Turkish natural gas distribution company Başkent Gaz will list a stake of up to 28.75 percent on the Istanbul stock exchange, according to a draft prospectus on the company’s website, as reported by Reuters on Sept. 11.
In a leading index of global financial centers, Istanbul has fallen 12 places to 78th, despite a rise in its rating, among 92 centers across the globe on factors such as infrastructure and access to high quality staff.
Qatar’s ruler has introduced a law giving broad protection to tens of thousands of foreigners working as maids, cooks, cleaners and nannies, addressing some concerns long highlighted by human rights groups.
One million women in Turkey have quit their jobs over the five-year period from 2010-2015 as a result of the duties bound to childcare, in addition to 112,000 others who have quit their jobs to care for the elderly, according to a study by the Turkish Enterprise and Business Confederation (TÜRKONFED)
Britain’s unemployment rate has fallen to a new year 42-year low, official data showed on Sept. 13, but wages growth remains far below overall inflation.
Turkish Foreign Minister Mevlüt Çavuşoğlu has said Turkey and Turkish Cyprus will respond in coordination to a French-Italian drill off southeastern Cyprus, which he mocked as a “so-called international tender.”
State-run Qatargas, the world’s largest producer of liquefied natural gas (LNG), said on Sept. 20 that it had signed a medium-term sales and purchase agreement with Turkey’s Botaş to deliver 1.5 million tons of LNG each year for three years.
Russia’s energy minister said on Sept. 22 that he was in favour of continuing cooperation with the OPEC oil cartel as their joint accord to cap output bears fruit in boosting the price of crude.
Turkey’s tourism sector needs many years to fully recover in case any negative development breaks out, a leading tourism research company has said, adding that Spain and Portugal benefited most from Turkey’s plunge.
Nearly 1 million Turkish people went on holiday during a 10-day public holiday, which started late on Aug. 25 and ended on Sept. 3, creating more than 1 billion Turkish Liras ($292 million) of tourism revenue, according to tourism players.
Turkey’s Ağaoğlu Group has said it signed a letter of intent with investors from China and Hong Kong to build a 12 million square meter tourism city in Bodrum