Berlin-based online food delivery company Delivery Hero Holding GmbH announced its intention to purchase Yemeksepeti.com for $589 million, to be paid in cash and stock. The goal is to expand their reach into Turkey, the United Arab Emirates and Qatar. Included in the terms of the deal will be that Yemeksepeti’s investors will become Delivery… Continue Reading
Category Archives: Turkey
Syria Cracks Down on Rebels Near Turkish Border
Violence has stepped up a notch or two in Syria as the government continues to crackdown harshly on anti-government protestors across the country. One hundred people or more have already died just this past week in the Syrian regime’s attempts to suppress rebels in the face of growing concern and criticism within the international community.… Continue Reading
Turkish Elections Strengthen Democracy
On June 12 elections in Turkey resulted in the return to power of the Justice and Development Party (AKP) which won 50 percent of the votes. This not only brings the incumbent Prime Minister Erdogan back to power, but also bodes well for Turkish democracy. AKP to Create Consensus Now that the AKP has… Continue Reading
SuperReturn Africa 2010 Conference Emphasizes Egyptian Investment Opportunities
On Monday, the three-day private equity and venture capital conference opened Monday, for its first time in Africa. Abdalla ElEbiary, Citadel Capital managing director, said that “Private equity opportunities are tremendous” in Egypt. Ahmed Badreldin, executive director of Abraaj Capital, said that his company is investing in the healthcare industry. Abraaj already owns a 50… Continue Reading