Skip to Search
AGBI Arabian Gulf Business Insight
Skip navigation

Turkey opens inquiry into Coca-Cola distributor 5g6y

stnxpfb
nlyk
By Pramod Kumar
Turkey's competition board found the allegations against Coca-Cola distributor CCSD 'sufficient' to launch an investigation Alamy via Reuters
Turkey's competition board found the allegations against Coca-Cola distributor CCSD 'sufficient' to launch an investigation

Turkey has opened a formal investigation into Coca-Cola Satış ve Dağıtım AŞ (CCSD) over potential violations of competition law.

The move follows a preliminary inquiry that examined allegations the Coca-Cola distributor was imposing exclusivity on retailers and excluding competitors from these outlets, the Turkish Competition Authority said in a statement.

The competition board found the allegations “significant and sufficient” to launch an investigation.

The probe will also assess whether Coca-Cola has complied with the commitments made to the board in 2021, the statement said.

The board accepted the commitment package submitted by CCSD on September 2, 2021, and decided then to end the investigation without determining infringement or imposing sanctions, according to an article published on the Erdem & Erdem law firm website.

now: It’s easy and free 19564s

AGBI ed can access even more of our unique analysis and perspective on business and economics in the Middle East.

Why sign uP 356d6p

  • Exclusive weekly email from our editor-in-chief
  • Personalised weekly emails for your preferred industry sectors
  • Read and our insight packed white papers
  • Access to our mobile app
  • Prioritised access to live events
for free

Already ed? Sign in

I’ll later

Latest articles 5z4b5v

Airlines are navigating empty skies over much of the Middle East as Israeli attacks on Iranian sites force thousands of flight cancellations and diversions

Middle East airspace shut after Israel strikes Iran p4q1l

Airlines steered clear of much of the Middle East on Friday after Israeli attacks on Iranian sites forced carriers to cancel or divert thousands of flights in the latest upheaval to travel in the region. Proliferating conflict zones around the world are becoming an increasing burden on airline operations and profitability and more of a safety concern. Detours add to […]

Capitalising on demand ahead of the FIFA 2030 World Cup, Tesla Morocco aims to drive EV and solar and energy storage systems sales across the country

Tesla enters Morocco ahead of 2030 World Cup 451t2o

US multinational automotive company Tesla has reportedly officially entered the Moroccan market, in a bid to take advantage of surging business demand ahead of its co-hosting of the Fifa 2030 World Cup. The new company, named Tesla Morocco, was established on May 27 by two Dutch business entities, one called Tesla International (which serves as a […]

Mohamed Arkab, Algerian energy minister, said 'an investment portfolio of around $7 billion has been earmarked for the execution of several major industrial projects'

Algeria sets $7bn investment target for refinery projects 735u2l

Algeria has reportedly launched new petrochemical and refining projects worth $7 billion, part of its drive to diversify its state revenue sources and tackle a persistent budget deficit. Mohamed Arkab, the Algerian energy minister, revealed the projects during a parliament policy session on Thursday, local press reported on Friday. The projects in north and east […]

Etihad enger and destination numbers are on the up: Algiers is one of 12 new destinations that Etihad has started flying to since May 2024. Others include Chiang Mai, Hanoi, Phnom Penh, Taipei and Tunis

Etihad engers up 17% as fleet and route networks grow 276b67

enger numbers on Abu Dhabi’s Etihad Airways rose 17 percent year on year in the first five months of 2025 as the Emirati carrier increased its fleet and route network. The total number of Etihad engers carried from January to May reached 8.4 million, according to a statement. The average enger load factor increased to […]

Bank al Etihad customers can now access climate education and track their carbon footprint in their banking app

Bank al Etihad partners with Visa for carbon insights tool 2k6720

Jordan’s Bank al Etihad has partnered with Visa to offer a carbon insights tool within its app. The bank says the tool, developed by German fintech ecolytiq, gives customers information about their carbon footprint based on debit and credit card transactions. Ecolytic’s product is intended to increase consumer spending while encouraging them to make “greener […]

Iranian President Masoud Pezeshkian (centre) visits the Iran Oil Exhibition in Tehran in May

Strong Chinese demand keeps Iranian oil flowing 5z1x5y

Iran’s refining facilities and oil storage did not sustain any damage from Israel’s strikes on Friday, according to the National Iranian Oil Refining and Distribution Company. Israel targeted its nuclear facilities, ballistic missile factories and military commanders at the start of what it warned would be a prolonged operation to prevent Tehran from building a […]

Firefighters at a damaged building in the aftermath of Israeli strikes, in Tehran, Iran

Dubai shares slide nearly 2% on Israel and Iran tensions 3z6n6p

Dubai’s benchmark stock index fell sharply on Friday, as heightened geopolitical tensions in the Middle East triggered a sell-off in heavyweight property shares. The DFM General Index dropped 1.87 percent after Israel launched strikes on Iranian military targets.  Israel said it had hit nuclear and missile sites as well as targeting senior commanders, calling it […]

The huge success of the Switch 2 has increased Nintendo's share price, so PIF may regret selling when it did

PIF banks Nintendo win but may have sold too soon 1jb1a

Saudi Arabia’s Public Investment Fund (PIF) pocketed an estimated profit of 175 billion yen ($1.22 billion) trading Nintendo shares, but it may yet rue trimming its stake just months before the Switch 2 console’s record-breaking debut last week. The PIF has invested in video game publishers and console makers worldwide, often through subsidiary Savvy Games […]

A rescuer looks out from a damaged building in the aftermath of Israeli strikes in Tehran

Oil hits $78 and stocks rattle as Middle East tensions flare 4q4x4

Oil prices rose more than 9 percent and the Asian stock market dived on Friday morning after Israel launched attacks on Iran. Brent surged to $78 a barrel in the biggest intraday gain since March 2022, before settling lower at $74 by 05:56 GMT. US West Texas Intermediate crude rose 9.3 percent to $74.36 a […]

Gold surged past the $3400 mark on news of the airstrikes, said Tim Waterer, chief market analyst at KCM Trade

Gold tops one-month high on haven demand 3i5e6z

Gold prices climbed on Friday to their highest point in more than a month, on track for a weekly gain, as investors sought haven assets after Israel’s strike on Iran heightened Middle East tensions. Spot gold was up 1.3 percent at $3,428.28 an ounce as of 01:34 GMT after hitting its highest level since May 7 earlier […]

Egypt's Benban solar project, also built by Norway's Scatec. Obelisk is expected to be operational by the third quarter of 2026

African Development Bank part-funds Egypt’s solar project 3d3j40

The African Development Bank Group (AfDB) has approved up to $184.1 million in financing for Egypt’s Obelisk solar power and battery storage project. The project involves the construction and operation of a one gigawatt )GW) solar photovoltaic plant and a 200-megawatt-hour battery energy storage system in south Egypt. The project’s total cost is estimated at […]

Construction, Oilfield, Outdoors

Oil jumps over 7% amid rising Middle East tensions 2nbq

Oil prices jumped more than 7 percent on Friday, hitting their highest in months after Israel said it struck Iran, dramatically escalating tensions in the Middle East and raising worries about disrupted oil supplies. Brent crude futures rose $5.29, or 7.63 percent, to $74.65 a barrel by 01:42 GMT after hitting an intraday high of $75.32, […]