Turkish Billionaire Approaches QIA for Istanbul Port Sale

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Turkish Billionaire Approaches QIA for Istanbul Port Sale
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(Bloomberg) -- Turkish billionaire Ferit Sahenk has approached the Qatar Investment Authority to gauge the wealth fund’s interest in potentially buying a...

-- Turkish billionaire Ferit Sahenk has approached the Qatar Investment Authority to gauge the wealth fund’s interest in potentially buying a cruise port and shopping mall project in the heart of Istanbul, according to people with knowledge of the matter.Wall Street Faces ‘Reality Check’ After Big Rally: Markets Wrap

For the past few years, his firm — Dogus — has been trying to raise cash and deliver on pledges it made to banks as part of a debt restructuring. In 2020, the company agreed to sell a 30% stake in a high-end Istanbul shopping center to an arm of the QIA. -- Aramco maintained its dividend to the Saudi government despite a drop in production and weaker oil prices as the kingdom tackles a widening budget deficit.

‘The situation is dire’: Nearly two-thirds of potential homebuyers would welcome a recession if it meant lower mortgage rates — but here’s what they’re missing

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