Tag: business news

HP News
Rolls-Royce CEO Tufan Erginbilgiç’s strategy sees “record performance” as company profits double

Rolls-Royce’s Turkish Chief Executive Tufan Erginbilgiç has lived up to his nickname ‘Turbo Tufan’ by spearheading the company to more than double its annual operating profit to £1.6bn. The figures for 2023 are up from £652 million a year earlier, far exceeding the company’s own forecasts of between £1.2 billion and £1.4 billion. Its return […]

HP News
MUSIAD UK President Murat Bingöl joins Judging Panel for Islam Channel Business Awards 2024

The head of the UK’s Turkish Muslim business association MUSIAD, Murat Bingöl, is on the Judging Panel for “the UK’s largest awards celebrating the best of British Muslim Businesses”. Now in its third year, Islam Channel Business Awards 2024 recognise the achievements from Britain’s leading Muslim entrepreneurs in 21 different categories, including Food & Beverage, […]

HP News
Turkish start-ups attracted record investment in 2022: is the future fintech?

Turkish start-ups are looking highly attractive to investors. Last year saw a record $1.6 billion inward investment in the country. The tech sector, and in particular gaming and fintech companies, are leading the chase for funding. The industry is seeing investment at every level in Turkiye, with the money spread over three hundred deals covering […]

Entrepreneurs
Turkiye’s rising fintech company Figopara secures $11 million investment

Figopara, a next generation financing platform from Turkiye, has secured major investment from international businesses, venture capitalists and financial institutions. The Istanbul-based fintech business has raised $11 million in their third round of funding. It adds to the $5,6 million investment they generated in an earlier series of funding. The latest investment means Figopara is […]

HP News
Grocery wholesaler Cyprofood to hold “shopping festival” on Saturday to celebrate its new Tottenham premises

The grand opening of Cyprofood’s new megastore takes place on Saturday, 1 October, and everyone is invited! The wholesaler will treat all its customers to a “carnival atmosphere” inside its spacious new Tottenham warehouse store, with food sampling stands, special shopping discounts, “gift products and treats.” One of North London’s most established grocery wholesalers, Cyprofood remains […]

HP News
Turkey’s Trendyol now valued at $16.5 billion after latest round of investment

Online retailer Trendyol has seen its value soar after raising $1.5 billion (£1.09 billion) in investment. Backed by Alibaba, Turkey’s biggest e-commerce platform is now valued at $16.5 billion, making it the first Turkish decacorn (a start-up company worth over $10 billion). The latest round of funding for Trendyol came from high-profile investors, led by US […]