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Sovereign wealth funds on euromoney.com

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Scandals fraud and losses in the financial markets

Scandals fraud and losses in the financial markets

HSBC is the latest bank to be hit by attempted fraud, which Euromoney was first to report.

Monday, May 5, 2008

TAV, Akfen reach second bidding round for Abu Dhabi Airport.





TAV, Akfen reach second bidding round for Abu Dhabi Airport. Local companies TAV Airports Holding and Akfen Holding were invited to make second and final bids for developing Abu Dhabi International Airport . Airports development, management and operating company TAV Airports Holding issued a statement to the Istanbul Stock Exchange and announced that it was invited by Abu Dhabi Airport Company (ADAC) to place a second and final offer. TAV had bid alone. At the same time, chairman of local conglomerate Akfen Holding, Hamdi Akin informs the Akfen was also short-listed and among those three companies to bid for building the airport, news agency Anadolu reports. Speaking at a conference, Akin states that winning the Abu Dhabi contract is the company’s utmost target. As for the company’s other projects, Akfen will construct a terminal and a runway at Gazipasa Airport in the city of Antalya, a popular holiday destination, according to Akin. The company official also notes that Akfen will develop two small airports in Czech Republic and Germany and is interested in a few more airports in the neighbouring countries. 


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