[108371] Updates from Istanbul: Strait closure, new infrastructure projects, and a mega IPO

Updates from Turkey: Traffic, infrastructure, and economy

Bosphorus Strait closure
According to a report by TGRT HABER, the Bosphorus Strait in Istanbul has been closed to maritime traffic in both directions. As of now, no further details have been provided regarding the circumstances of the closure or its estimated duration.

Transportation and economic projects
In the infrastructure arena, it was reported in Haber Gündem that the "Başakşehir-Nakkaş toll road" project is in its final stages. According to the channel, the project is intended to reduce heavy traffic congestion at critical hubs like Mahmutbey, a move defined as a "solution to years of suffering" for Istanbul residents.

Intercity company IPO
In the business sector, the automotive company Intercity (Ekim Turizm A.Ş.) has announced an initial public offering. According to the publication, demand collection will take place between July 1 and July 3, 2026, with 100% of the proceeds designated for investment in a new vehicle fleet.

Financial services
The channel Son Dakika Haberler Gündem is promoting a financial service offering a "44% annual interest rate," appealing to the workforce to join their financial service with a promise of daily returns.