Qatari holdings in Turkey’s Istanbul Borsa drop by 31%

This general view shows the exterior of Borsa Istanbul in Istanbul on May 22, 2018. (File/AFP)
Updated 13 June 2019
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Qatari holdings in Turkey’s Istanbul Borsa drop by 31%

Data from the Central Registry Agency in Turkey showed that Qatari investors have withdrawn 4.6 billion Turkish liras of their holdings in Turkey’s İstanbul Borsa stock exchange during the first five months of 2019, reducing their shares by 31 percent, Cumhuriyet newspaper reported.

Official figures published by the Turkish Statistical Institute showed that foreign investors continue to exit.

The total holdings of Qatari investors were 14.745 billion liras in December 2018, but they plunged in May 2019 to 10.181 billion liras.


Budget carrier XL Airways seeks rescue deal with Air France

Updated 33 min 4 sec ago

Budget carrier XL Airways seeks rescue deal with Air France

  • XL Airways needs $38.6 million (€35 million) in fresh financing
  • XL Airways’ woes follow similar issues at French airline Aigle Azur

PARIS: French airline XL Airways has called on Air France to discuss a rescue deal to avert the collapse of the budget carrier that halted ticket sales and payments last week.
XL Airways, which has said it needs $38.6 million (€35 million) in fresh financing, requested in a statement on Sunday a meeting with Air France and the French authorities in the coming hours before a court is expected to put it into receivership on Monday.
In an interview with Le Journal du Dimanche, also published on Sunday, XL Airways’ Chief Executive Laurent Mignan said his airline could become Air France’s low-cost offer on long-haul routes.
An Air France spokeswoman declined to comment.
Air France, France’s historic national carrier, is part of the Air France-KLM group.
XL Airways operated four Airbus A330 aircraft and provided mainly long-haul flights to the Caribbean, the United States and France’s Reunion island.
XL Airways’ woes follow similar issues at French airline Aigle Azur. Aigle Azur’s unfolding bankruptcy is the latest among smaller European airlines struggling to contend with higher fuel costs and stiff low-cost competition.