Latest news with #Turkiye-based
CairoScene
13-06-2025
- Business
- CairoScene
Turkiye-Based AI Firm VenueX Raises $1.2 Million to Expand into MENA
Istanbul-based startup VenueX raised $1.2 million to accelerate its entry into the UAE and Saudi markets, aiming to scale its AI-powered platform that connects digital ads to in-store sales. Jun 13, 2025 VenueX, a Turkiye-based AI startup focused on retail marketing automation, has raised $1.2 million in a bridge investment round to support its expansion into the Middle East and North Africa. The round was led by Singapore's Orbit Startups, with participation from Re-Pie, Akkök, and Akyasam. Founded in 2022, VenueX launched its unified digital advertising platform in April 2024, and has since onboarded 25 paying clients. The platform helps retail brands connect their digital advertising spend to in-store sales using AI agents that analyse budgets, inventory, and customer behaviour in real time. The aim is to create data-informed, automated campaigns that minimise manual oversight. With the new capital, VenueX plans to establish offices in Dubai and Riyadh, build local sales and market teams, and scale its partnerships across Turkiye. The company also intends to grow its internal teams in growth, data science, and business development, while continuing to evolve its platform into a fully autonomous marketing solution. Current development goals include enhancing AI agents for inventory optimisation, creative generation, and customer segmentation. VenueX's expansion comes amid rising regional demand for AI-driven retail tools that can bridge online customer acquisition with offline conversion—particularly in digitally transforming markets like the UAE and Saudi Arabia.
Mint
03-06-2025
- Business
- Mint
Celebi says arbitration application dismissed in India, to appeal in higher court
Celebi Ground Handling India's arbitration application for interim measures against Adani Ahmedabad International Airport over the cancellation of security permits was dismissed, according to exchange filing by its Turkish parent company. The company said it will appeal to the Supreme Court. Bureau of Civil Aviation Safety (BCAS) on May 15 revoked the security clearance, days after Turkey backed Pakistan and condemned India's strikes on terror camps in the neighbouring country. "The arbitration application filed by our company, Celebi Ground Handling India Pvt Ltd, in which our company owns 61% of the capital, against Adani Ahmedabad International Airport Limited in the Ahmedabad Commercial Court on 27.05.2025, seeking interim measures due to the cancellation of security clearances by the Civil Aviation Security Bureau in relation to its operations at Ahmedabad International Airport, was rejected on 02.06.2025," said the company. The Bombay High Court on May 26, temporarily restrained Mumbai International Airport Limited (MIAL) from finalising tenders for ground and bridge handling services. The court ruled that the temporary halt will continue until Turkish firm Celebi's plea challenging the termination of its contract is heard when the court reopens in June. This interim order was issued by a vacation bench of Justice Somasekhar Sundaresan. The court order bars MIAL from taking any final decision on tenders floated on May 17 for a new ground handling agency. The revocation of security clearance of Celebi came amid backlash in India over Turkey's support to Pakistan during Operation Sindoor. The company had moved the High Court last week against revocation of its security clearance and subsequent termination of its contract with MIAL. Celebi's plea was mentioned before Justice Sundaresan seeking urgent relief against any decision on the tenders issued by MIAL on May 17. The court said no final decision shall be taken on the tenders till the pleas filed by Celebi are heard post reopening of the court in June. Turkiye-based airport ground handling services major Celebi's subsidiary had moved HC earlier this month against revocation of its security clearance and subsequent termination of its contract with MIAL.
Time of India
02-06-2025
- Business
- Time of India
Air India to recalibrate plans on Turkish Technic's maintenance works for its wide-body planes
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel New Delhi: Air India will look to send its wide-body planes, whose heavy maintenance is being done by Turkish Technic , to other MRO entities, as part of recalibrating its plans taking into cognisance the recent developments related to Turkiye, according to the airline's CEO Campbell the backdrop of Turkiye backing Pakistan and condemning India's strikes on terror camps in the neighbouring country in May, aviation security watchdog BCAS, on May 15, revoked the security clearance for Turkish company Celebi Airport Services India Pvt Ltd in the "interest of national security".On May 30, aviation safety regulator DGCA granted a one-time final extension of three months to IndiGo on damp leasing of two Boeing 777 aircraft from Turkish Airlines till August 31 but directed the airline to terminate the lease within the three-month asked about some of Air India's wide-body aircraft being sent to Turkish Technic for maintenance works, the Air India CEO and MD said it is a global business and a global supply chain."It does take a while to adjust when the circumstances change around us but we are obviously sensitive to the national sentiment and perhaps the national wishes. So, regardless of which country we are talking about, we would clearly take cognisance of what people like us to do and expect us to do," he told PTI in an maintenance works of some of the airline's wide-body B777s and B787s are done by Turkiye-based Turkish the short-term, Wilson said the airline needs to send some aircraft for MRO works overseas to places in the Middle East, South East Asia, the US and in a couple of cases, business to Turkish Technic as it will take some time for India to have the capacity to do such works."With this most recent development, we will look to recalibrate where we sent our aircraft, reduce the amount that we are sending to Turkiye and send it to other places."But that does take some time because aircraft have to be maintained... we are cognisant of recent developments and we will look to adjust our plans," he refers to Maintenance, Repair and Air India has a fleet of 191 planes, including 64 wide-body aircraft.
India Today
01-06-2025
- Business
- India Today
Air India to move jet maintenance work from Turkey firm amid diplomatic tensions
Air India will look to send its wide-body planes, whose heavy maintenance is being done by Turkish Technic, to other MRO entities, as part of recalibrating its plans, taking into cognisance the recent developments related to Turkiye, according to the airline's CEO Campbell the backdrop of Turkiye backing Pakistan and condemning India's strikes on terror camps in the neighbouring country in May, aviation security watchdog BCAS, on May 15, revoked the security clearance for Turkish company Celebi Airport Services India Pvt Ltd in the "interest of national security".advertisementOn May 30, aviation safety regulator DGCA granted a one-time final extension of three months to IndiGo on damp leasing of two Boeing 777 aircraft from Turkish Airlines till August 31 but directed the airline to terminate the lease within the three-month period. When asked about some of Air India's wide-body aircraft being sent to Turkish Technic for maintenance works, the Air India CEO and MD said it is a global business and a global supply chain."It does take a while to adjust when the circumstances change around us, but we are obviously sensitive to national sentiment and perhaps national wishes. So, regardless of which country we are talking about, we would clearly take cognisance of what people like us to do and expect us to do," he told PTI in an maintenance work of some of the airline's wide-body B777s and B787s are done by Turkiye-based Turkish the short-term, Wilson said the airline needs to send some aircraft for MRO works overseas to places in the Middle East, South East Asia, the US and, in a couple of cases, business to Turkish Technic as it will take some time for India to have the capacity to do such works."With this most recent development, we will look to recalibrate where we sent our aircraft, reduce the amount that we are sending to Turkiye and send it to other places."But that does take some time because aircraft have to be maintained... we are cognisant of recent developments, and we will look to adjust our plans," he refers to Maintenance, Repair and Overhaul. Currently, Air India has a fleet of 191 planes, including 64 wide-body InMust Watch
Mint
01-06-2025
- Business
- Mint
Air India to recalibrate plans on Turkish Technics maintenance works for its wide-body planes
New Delhi, Jun 1 (PTI) Air India will look to send its wide-body planes, whose heavy maintenance is being done by Turkish Technic, to other MRO entities, as part of recalibrating its plans taking into cognisance the recent developments related to Turkiye, according to the airline's CEO Campbell Wilson. Against the backdrop of Turkiye backing Pakistan and condemning India's strikes on terror camps in the neighbouring country in May, aviation security watchdog BCAS, on May 15, revoked the security clearance for Turkish company Celebi Airport Services India Pvt Ltd in the "interest of national security". On May 30, aviation safety regulator DGCA granted a one-time final extension of three months to IndiGo on damp leasing of two Boeing 777 aircraft from Turkish Airlines till August 31 but directed the airline to terminate the lease within the three-month period. When asked about some of Air India's wide-body aircraft being sent to Turkish Technic for maintenance works, the Air India CEO and MD said it is a global business and a global supply chain. "It does take a while to adjust when the circumstances change around us but we are obviously sensitive to the national sentiment and perhaps the national wishes. So, regardless of which country we are talking about, we would clearly take cognisance of what people like us to do and expect us to do," he told PTI in an interview. Heavy maintenance works of some of the airline's wide-body B777s and B787s are done by Turkiye-based Turkish Technic. In the short-term, Wilson said the airline needs to send some aircraft for MRO works overseas to places in the Middle East, South East Asia, the US and in a couple of cases, business to Turkish Technic as it will take some time for India to have the capacity to do such works. "With this most recent development, we will look to recalibrate where we sent our aircraft, reduce the amount that we are sending to Turkiye and send it to other places. "But that does take some time because aircraft have to be maintained... we are cognisant of recent developments and we will look to adjust our plans," he said. MRO refers to Maintenance, Repair and Overhaul. Currently, Air India has a fleet of 191 planes, including 64 wide-body aircraft.
