INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

NATO urges Turkey to pass Sweden’s NATO membership plea

President Erdogan, who is starting a third term in office, has said tackling inflation is a top priority. (AFP)
  • "Sweden has taken significant concrete steps to meet Turkey's concerns," NATO chief Stoltenberg told reporters after meeting President Recep Tayyip Erdogan.
  • Erdogan has accused Sweden of being a haven for "terrorists", especially members of the Kurdistan Workers' Party (PKK), a group blacklisted by Turkey.

Istanbul, Turkey – NATO chief Jens Stoltenberg on Sunday called on Ankara to drop its opposition to Sweden’s bid to join the defense alliance, saying Stockholm has addressed Turkey’s security concerns.

“Sweden has taken significant concrete steps to meet Turkey’s concerns,” Stoltenberg told reporters after meeting President Recep Tayyip Erdogan. “Sweden has fulfilled its obligations.”

Stoltenberg attended on Saturday the inauguration of Erdogan, who was re-elected to serve another five years, in a lavish ceremony joined by dozens of world leaders in the capital Ankara.

NATO member Turkey has dragged its feet over admitting Sweden to the military alliance. It and Hungary are the only two member countries yet to ratify the membership bid.

Finland formally joined the alliance in April.

Erdogan has accused Sweden of being a haven for “terrorists”, especially members of the Kurdistan Workers’ Party (PKK), a group blacklisted by Turkey and its Western allies.