Temel Kotil, chief executive officer of Turk Hava Yollari AO or Turkish Airlines, suspended from duties amid dispute with Chairman Hamdi Topcu, Milliyet says citing unidentified executives at the carrier. * Decision may relate to disagreements over the reversal of a ban on hostesses wearing makeup, or over how to handle a strike threat by employees after 305 people were fired: Milliyet * Board to meet early in coming week to resolve situation: Milliyet * Co.’s financial chief Coskun Kilic may take over as acting CEO: Milliyet
A multistory apartment building collapsed in the Egyptian coastal city of Alexandria, killing at least 14 people a day after President Mohamed Mursi came under fire from his critics after a train crash left 19 members of the security forces dead.
Libya’s new leaders will remember who provided the most help in overthrowing Muammar Qaddafi, when it comes to new oil concessions. Italy, the biggest investor in the country, may find itself at a disadvantage.
Turkiye Halk Bankasi AS is close to completing the acquisition of a bank in the Balkans, which the lender views as an important strategic region, Hurriyet newspaper reported citing Chief Executive Officer Huseyin Aydin. The newspaper didn’t give further details.