Karadeniz Holding

The One World Karadeniz Foundation, founded by Karadeniz Holding, aims to create social benefits by focusing on education, economic development and well-being, launched its efforts to improve and develop societies on "Earth Day," April 22.

Turkey's energy-generating shipbuilder Karadeniz Holding produces almost 40 percent of Lebanon's electricity, the company representative Ralif Faysal said on Sept. 18.

Turkish energy firms remain keen to invest in projects in African countries, but several obstacles, including political instability end up hurting their efforts, investors tell Anadolu Agency.

Turkey's leading defense companies Aselsan and Turkish Aerospace Industries (TAI, also known as TUSAŞ) signed a deal with the Indonesian companies PT Dirgantara and PT Len on July 6 to collaborate on defense products.

The first section of Istanbul's third airport is planned to open in 2018, President Recep Tayyip Erdoğan said, underlining the economic importance of the government-backed construction projects. 

Karadeniz Holding, a Turkish energy company that supplies power to the Iraqi city of Mosul, seized by Islamist jihadist militants, announced it suspended electricity exports to Iraq two weeks ago as their contract ended.

Additionally, the government has said it has no plans to prevent the company from supplying power to the region.