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İstikbal opens store in Syria

| 3/12/2008 12:00:00 AM |

İstikbal, a leading Turkish furniture company, opened its third Middle Eastern store in Syria after ones in Iran and Iraq.

İstikbal opens store in Syria :

İstikbal, a leading Turkish furniture company, opened its third Middle Eastern store in Syria after ones in Iran and Iraq. The number of the company's overseas stores rose to 191 with the store, which is located at Harasta over the Damascus-Aleppo way. İstikbal aims to expand further in Syria soon, said Şükrü Boydak, vice chairman of Boydak Holding, to which İstikbal is affiliated.

ISTANBUL - Hürriyet

DEİK eyes Kosovo market

The Foreign Economic Relations Board (DEİK) is preparing to establish a Turkish-Kosovo Business Council. Turkish companies that have economic relations with Kosovo, which recently declared independence, are invited to apply to the DEİK. Turkey is currently Kosovo's third largest commercial partner.

ISTANBUL - Anatolia News Agency

Northern Iraq may have stock exchange

The semi-autonomous Kurdish administration in northern Iraq may have a stock market soon. The bourse will be named the "Kurdistan" Stock Exchange, announced Hassan Hourami, the region's Trade Chamber vice president. “Kurdistan Stock Exchange, based in Arbil, will be independent of Baghdad,” he said. “The Kurdish authority is currently preparing regulations concerning the bourse.”

ISTANBUL - Hürriyet

Turkey may extend tax cut on grain imports

Turkey may extend a tax cut on most grain imports after a shortfall in production last year, the head of the Turkish Grain Board said. The board last month said it will scrap import duties until May. The zero rate may be extended beyond that date, the head of the board, İsmail Kemaloğlu, told reporters in Ankara Monday. Turkey has about 2 million tons of wheat in stock.

ISTANBUL - Bloomberg

Şişecam drops plans to sell shares

Türk Şişe & Cam Fabrikaları, Turkey's largest glassmaker, canceled a plan to sells shares and cut its stake in its units to 51 percent. Şişecam said it dropped plans to sell shares in Trakya Cam Sanayii, Anadolu Cam Sanayii and Soda Sanayii, citing “global market conditions,” according to a filing with the Istanbul Stock Exchange late Monday.   Şişecam may earn as much as $400 million by selling the shares, Ekspres Invest said in a research note in September.

ISTANBUL - Bloomberg

Stock market gains 4.3 pct

The Istanbul Stock Exchange (IMKB) seemed to put a stop to its losing streak yesterday, as the benchmark IMKB-100 index gained 1,783 points, closing at 43,318. Monday's close was 41,534. The day's most gaining stock was Kütahya Porselen, up 18.47 percent, followed by Yapı Kredi Finansal Kiralama, up 17.01 percent. The most depreciating stock was Gübre Fabrikaları, down 7.27 percent.

 

ISTANBUL - Turkish Daily News

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