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Geostrategy

Oracle shares up 35%

Huge AI contracts lead to the surge.

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

Borouge to pay $660m H1 dividend

Its net profit for H1 was $474 million.

TAQA secures $2.31bn loan

It will be utilized in a phased manner.

Turkey appoints new envoy to Israel after four-year gap

Following his November 1 election win, Netanyahu entered into talks with ultra-Orthodox and extreme-right parties. (AFP)
By TRENDS Desk AFP
November 12, 2022 3:40 pm
  • Sakir Ozkan Torunlar is a veteran diplomat who has served as Turkey's consul general in Jerusalem between 2010 and 2014
  • Ankara withdrew its ambassador to Israel in May 2018 and threw out the Israeli envoy over the Israeli army's killing of dozens of Palestinians

Turkey has appointed an ambassador to Israel after a gap of four years in the latest step towards normalising ties with the Jewish state.

Sakir Ozkan Torunlar, a veteran diplomat who had served as Turkey’s consul general in Jerusalem between 2010 and 2014, was named to the post in a presidential decree late Friday, Turkish media reported.

Ankara withdrew its ambassador to Israel in May 2018 and threw out the Israeli envoy over the Israeli army’s killing of dozens of Palestinians.

Israel riposted by sending back the Turkish consul in Jerusalem.

Ties between the two soured after Turkish leader Recep Tayyip Erdogan criticised Israel’s policy towards Palestinians under the previous governments of its new Prime Minister Benjamin Netanyahu.

But Erdogan sent a congratulatory letter to Netanyahu after his victory in elections held earlier this month.

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