Search Site

Trends banner

Borouge Q2 net profit $193m

The H1 revenue stood at $2.72 billion.

ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

Erdogan submits Sweden’s NATO bid to Turkish parliament

Turkish President Recep Tayyip Erdogan. (AFP)
  • NATO chief Jens Stoltenberg on Monday urged a quick vote by Turkey's parliament to approve Sweden's membership.
  • Erdogan has put pressure on Sweden to take measures over Quran burnings at protests in the country that have angered many in Muslim countries.

Ankara, Turkey — President Recep Tayyip Erdogan of Turkey officially submitted Sweden’s NATO membership application to parliament on Monday, his office said, bringing closer the possible end of a 17-month diplomatic standoff.

Turkey and Hungary are the only NATO members yet to ratify Sweden’s membership request, which came after Stockholm dropped its long-standing policy of non-alignment last year after Russia launched its war on Ukraine.

Erdogan agreed at a NATO summit in Vilnius in July to put the ratification of Sweden’s membership before the Turkish parliament as pressure grew on Ankara from partners.

“Sweden’s NATO membership protocol was signed on October 23, 2023, by President Recep Tayyip Erdogan and sent to the Grand National Assembly of Turkey,” the presidency posted on X, formerly Twitter.

Swedish Prime Minister Ulf Kristersson called the announcement “encouraging news”.

“Now it remains for the parliament to deal with the issue,” Kristersson said, also in a post on X.

“We look forward to becoming a NATO member,” he added.

NATO chief Jens Stoltenberg on Monday urged a quick vote by Turkey’s parliament to approve Sweden’s membership.

“I welcome President Erdogan’s signature of the accession protocol for Sweden and its referral to the Grand National Assembly. I look forward to a speedy vote to ratify, and to welcoming Sweden as a full NATO ally very soon,” he said in a statement.

Sweden’s Nordic neighbor Finland, which applied to join NATO at the same time, was granted membership in April.

Erdogan has put pressure on Sweden to take measures over Quran burnings at protests in the country that have angered many in Muslim countries.

Ankara also says Sweden is harboring outlawed Kurdish militants and has demanded their extradition.