Zafer Sönmez
Turkey replaces general manager of Wealth Fund
Arda Ermut has been appointed as the new general manager of the Turkey Wealth Fund (TWF) after Zafer Sönmez was dismissed, according to the Official Gazette early on March 9.
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Qatar becomes 10% shareholder of Turkey's stock exchange
The acquisition of a 10% share in Turkish stock exchange Borsa Istanbul by the Qatari state Investment Authority was completed on Nov. 30.
According to a statement from the Turkiye Wealth Fund (TWF), the transaction size of $200 million implies a total equity value of $2 billion.
Turkish Wealth Fund, Chinese insurance agency ink deal
The Turkish Wealth Fund (TWF) and China Export and Credit Insurance Corporation (Sinosure) have signed a Memorandum of Understanding (MoU) to promote bilateral economic, trade and investment cooperation.
Sinosure will consider providing support up to $5 billion with respect to the financing activities, according to a statement from TWF on March 26.
'Turkish House' in Davos aims to increase investment opportunities
A "Turkish House" has been set up at the venue of the World Economic Forum (WEF) in Davos, Switzerland in a bid to promote investment opportunities in Turkey.
It was launched under the guidance of the Treasury and Finance Ministry in coordination with the Banks Association of Turkey.
Wealth Fund head welcomes Turkey’s indigenous car
The indigenous electric car developed by Turkey's Automobile Initiative Group (TOGG) has given us hope and is a very good project, Zafer Sönmez, the managing director of Turkey's Wealth Fund, has said.
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