The Abraaj Group

Dubai-based Abraaj Group will complete at least one acquisition in Turkey in the first half of next year, a senior executive said on Nov. 15, as it looks to deploy the remainder of its $500 million Turkey fund.

Hepsiburada.com, the largest e-commerce platform in Turkey and the surrounding region, has established a research and development (R&D) center in Istanbul to boost innovative and indigenous solutions. 

The new R&D center will offer technological support to Turkey's rapidly growing e-commerce sector, the company said in a statement on April 24. 

Turkish retailer Boyner Holding is looking to sell up to 60 percent of its online fashion site, Morhipo.com, and has mandated brokerage Ünlü & Co to advise on the sale, two sources familiar with the matter said.

Turkey's Hepsiburada.com was named the best e-commerce company in 2015 in a survey, which was conducted by Dijital Age magazine.

In the survey, a total of 2,500 internet users from some 72 provinces of Turkey selected the best companies of 2015. 

The Abraaj Group, a leading investor group operating in global growth markets, has announced it acquired a stake in Yü-Ce Medical, a disposable medical supplies manufacturer in Turkey, in a written statement on Aug. 10. 

The Abraaj Group, a leading investor operating in global growth markets, on Feb. 23 announced the acquisition of a minority stake in Hepsiburada.com, a market leader in Turkey?s online retail sector.