Latest news with #Turkish-owned
India Today
15-05-2025
- Business
- India Today
Erdogan's daughter not owner, we are not Turkish: Aviation firm on losing clearance
Celebi Aviation India on Wednesday dismissed "false and misleading" allegations about its Turkish ownership and operations after the firm's security clearance was revoked by Indian authorities. The development comes following a backlash over Turkey supporting Pakistan during tensions with a swirl of online claims suggesting links to Turkish President Recep Tayyip Erdogan's family, the company issued an official statement, insisting it is neither politically affiliated nor Turkish-owned. In a statement, the ground handling major said it was "unequivocally refuting" speculation on social media regarding the company's control, and clarified that it has no connection to Sumeyye Erdogan, daughter of the Turkish is no one named Sumeyye owning any shareholding in the parent organisation. The company's ownership is limited to members of the Celebioglu family — Can Celebioglu and Ms Canan Celebioglu — who have no political affiliation. We are a professionally governed, globally operated aviation services company," the statement said. "We are not a Turkish organisation by any standard and adhere fully to globally accepted practices of corporate governance, transparency, and neutrality, with no political affiliations or links to any foreign government or individuals," it to the company, 65 per cent of its parent firm is owned by institutional investors based in Canada, the US, UK, Singapore, UAE, and Western Europe. A Jersey-registered fund, Actera Partners II L.P., holds a 50 per cent stake in Celebi Havaclk Holding A.S., while 15 per cent is held by Alpha Airport Services BV, a Dutch clarification came after Celebi's clearance to operate at Delhi Airport's cargo terminal was revoked over national security concerns. Responding to this, Celebi said, "All our facilities are routinely audited by Indian authorities, including the CISF, BCAS, and AAI. We remain in full compliance with Indian aviation, national security, and tax regulations"."Celebi remains fully committed to India and to contributing meaningfully to the country's progress as a global aviation hub. We are confident that facts, transparency, and common sense will prevail over misinformation," the company crackdown on Celevi Aviation came after India's relations with Turkey came under strain as Ankara backed Islamabad and condemned Indian armed forces' Operation Sindoor following the Pahalgam terror attack. The Bureau of Civil Aviation Security (BCAS) revoked the security clearance of Celebi Airport Services India Pvt Ltd with immediate Aviation oversees high-security ground and cargo operations at nine major Indian airports, including Delhi, Mumbai, and Chennai. Its responsibilities span ground handling, cargo movement, and airside services — all critical functions tightly regulated due to the sensitive nature of airport zones.
See - Sada Elbalad
12-05-2025
- Business
- See - Sada Elbalad
Turkish Retail Chains Continue to Expand in Egypt
Rana Atef Colin's, a company experiencing rapid growth in Egypt, opened its 16th store at Cairo Festival City Mall. The Turkish Ambassador to Cairo, Salih Mutlu Şen, highlighted that Turkish retail chains are expanding and growing in Egypt. The well-known Turkish Colin's chain inaugurated its 16th branch in Egypt at Cairo Festival City Mall. The opening was attended by Turkish Ambassador Salih Mutlu Şen as well as senior executives from Colin's. The newly-opened store is one of the largest Colin's spots in Egypt, spanning an area of 750 square meters. Colin's representatives explained that all products in the store are designed in Turkey as Turkish material and are manufactured specifically in Turkey, Egypt, and other regions around the world. The stores sell exclusively under the Colin's brand, representing Turkish quality and identity. Ambassador Şen stated that Colin's, alongside LC Waikiki and Defacto, has opened stores in Egypt with 100% Turkish investment, and that they are directly managed by their parent companies in Turkey, from design through to production. He expressed hope that Colin's will continue its growth, anticipating the brand will reach 40 to 50 stores in Egypt. He also noted that LC Waikiki currently operates around 40 stores, while Defacto has more than 20. Ambassador Şen emphasized the key distinction between these brands and others: they are not only retailers but also manufacturers, and they are entirely Turkish-owned. He stated that Egyptian consumers value Turkish brands for their quality and price, and that such investments reflect the mutual benefits between the two countries. Some of these goods are produced within Egypt, promoting commercial and economic integration between Egypt and Turkey. Colin's officials added that the company will continue opening new stores in the near future, and that its current investments in the Qantara area, particularly in ready-to-wear clothing, are progressing as planned. read more Japan Stun Spain 2-1 to Qualify for World Cup Last 16 World Cup 2022: Get to Know Confirmed Line-ups of Japan and Spain Group E Decider Saudi Arabia Bid Farewell to World Cup after 2-1 Loss to Mexico Tunisia Achieve Historic Win over France but Fail to Qualify Tunisia to Clash against France in World Cup Sports Get to Know Squad of Group D Teams in World Cup Sports Al Ahly Gift EGP 70,000 to Players After Claiming Egyptian Super Cup Title Sports Bencharki Hits First 2 Goals with Al Jazira Since Leaving Zamalek Sports Arsenal Possible Line-up for Nottingham Forest News Egypt confirms denial of airspace access to US B-52 bombers Lifestyle Pistachio and Raspberry Cheesecake Domes Recipe News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Arts & Culture Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War
