Reuters Turkish discount retailer Sok is planning an initial public offering in 2018, two sources familiar with the matter told Reuters, the latest sign that Turkey’s IPO market may be coming back to life. Sok, with more than 4,700 stores and 21,000 employees, is one of Turkey’s biggest discount retailers, selling groceries, fresh produce and household items. It is 39 ...

Bloomberg TUI AG wants to safeguard the jobs of 700 of its employees staff who work planes leased to ailing Air Berlin Plc and isn’t interested in rescuing the insolvent carrier. Europe’s biggest holiday company, which disclosed last week that it would engage in talks following the insolvency filing, doesn’t plan to pick up assets and is neutral on what ...

Bloomberg Saudi Arabia’s non-oil revenue could surge by about 80 billion riyals ($21.3 billion) next year, according to Bank of America Merrill Lynch, boosting the kingdom’s efforts to reduce the economy’s reliance on crude. The increase would be driven by the implementation of value-added taxation, a tax on luxury products and higher fees imposed on expatriates’ dependents, London-based economist Jean-Michel ...