Month: April 2008

Dubai International Capital talks with Virgin over expansion plans

Virgin has held informal talks with Dubai International Capital about securing investment backing from the $12 billion sovereign wealth fund. Dubai International Capital has been involved in a high-profile attempt to take over or buy into Liverpool Football Club and has already successfully completed other British acquisitions in Travelodge, the hotel group and Tussauds, the… Read more »

Dubai plays key role in internet plan

Dubai has emerged as a key driving force in the region behind an initiative to bring internet access to half the world by 2015. US-based technology firm AMD is running a project to increase web access globally to 50% by 2015 from its current 20/25% and views Dubai’s location and status as a financial centre… Read more »

Bulgaria is New Hotspot for Film Scores

As the U.S. film industry cuts costs, orchestras in Prague, Budapest and Sofia are increasingly credited for Hollywood scores. Bulgaria known for its skilled musicians and low labour costs, has become an attractive spot for outsourcing film scores. The Chouchkov Brothers were the first in Bulgaria to sense the potential. They make film scores for… Read more »

Romanian Tourists flock to Seaside Resorts in Bulgaria

More than 10,000 Romanian tourists are expected to arrive at seaside resorts in Bulgaria for the Easter holidays. Tourism experts expect the tourists will spend around 1.2 million Euros’ during their stay in Bulgaria. The Romanians already have booked most of the hotels in Golden Sands, St. Constantine and Elena resorts. Bulgaria Investment Property Bulgaria… Read more »

Bulgaria to Join Grand Highway Project

Plans for a Grand Highway Project are in place to connect eight of the Black Sea Economic Cooperation Organization member-states. The 7,000 km long highway is to be constructed in the framework of a memorandum to be signed by the countries. Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey and Ukraine are the states that will… Read more »

Turkish Bank acquisition by National Commercial Bank of Saudi Arabia

The National Commercial Bank of Saudi Arabia, a leading bank in the Gulf region, have paid $1.08 billion for a 60 percent share of Türkiye Finans, one of Turkey’s leading banks. The bank's shareholders, Ülker Group and Boydak Group, own a 20 percent share each. The National Commercial Bank is planning to grow in the… Read more »

Turkish Exports continue to rise

Turkey has increased exports despite negative developments in world markets. Turkish exports hit $10.95 billion last month in a 22.8 percent rise over the same month last year and Turkish exports in the first quarter of 2008 increased by 36.2 percent to $31.4 billion over the same period of 2007. The highest export numbers, by… Read more »

Easy Jet Flies to Dalaman, Turkey

Easy Jet, one of the world’s leading low-cost airlines, has started flights between London and Dalaman, a town on the south-western coast of Turkey . Easy Jet’s first plane landed on Tuesday at the ATM International Terminal at Dalaman Airport with 190 passengers. Easy Jet’s flights to the up-and-coming Dalaman Airport will provide a considerable… Read more »