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

UAE, Turkey leaders discuss ways to boost bilateral relations

Turkish President Recep Tayyip Erdogan. AFP
  • The phone call between Abu Dhabi's Crown Prince and Turkish President marks the highest-level interaction in years
  • The two sides have backed opposing sides in the Libyan conflict and sparred on other regional issues

Abu Dhabi’s Crown Prince Sheikh Mohammed bin Zayed and Turkish President Recep Tayyip Erdogan held talks Monday, UAE state media reported, as relations improve between their two countries.

The phone call between the two leaders marks the highest-level interaction in years, after a rare visit earlier this month to Ankara by a United Arab Emirates delegation.

The two sides have backed opposing sides in the Libyan conflict and sparred on other regional issues.

Sheikh Mohammed, UAE’s de facto ruler, and Erdogan “reviewed the prospects of reinforcing relations between the two nations in a way that serves their common interests and their two peoples”, the official WAM news agency said.

“They exchanged views on a number of international and regional issues of interest.”

Erdogan has made efforts to reach out to a range of regional rivals, including Egypt, as he tries to break out of a growing diplomatic isolation that has cooled foreign investors in Turkey’s fragile economy.

Emirati officials have also made a series of visits to rival countries, including Qatar, after ties between the two Gulf nations were severed for more than three years.

Anwar Gargash, a former UAE minister of state for foreign affairs who now advises the country’s president, tweeted that the phone call between Sheikh Mohammed and Erdogan was “very positive and friendly”.

“The UAE seeks to build bridges, maximise commonalities and work together with friends and brothers to ensure future decades of regional stability and prosperity for all