Search Site

TAQA Q1 net income $571m

Net income fell $2.58bn due to one-off items recognized in 2023.

QatarEnergy buys stake in Egypt blocks

It did not disclose the cost of the agreement.

TSMC’s April revenue up 60%

It capitalized on huge wave of demand for chips used in AI hardware.

Etihad reports record Q1 profit

Total revenue increased by $269 million in the same period.

Aramco Q1 profit down 14.5%

Despite lower profit, it will pay $31bn in dividends to Saudi government.

Iran signals approval for Turkey’s military operation in Syria

Iranian Foreign Minister Hossein Amir-Abdollahian (L) listens as Turkish Foreign Minister Mevlut Cavusoglu (R) speaks during a press conference in Ankara, on June 27, 2022 . (AFP)
  • Erdogan has said he expects Turkey's allies to "understand and respect" the proposed military campaign
  • Turkish president has confirmed that the offensive on Syria would begin "as soon as our preparations are finished"
Iran’s foreign minister signaled on Monday that Tehran would not oppose a new proposed Turkish military operation targeting outlawed Kurdish militants in Syria. 

 

“We understand Turkey’s security concerns very well,” Hossein Amir-Abdollahian told reporters after talks in Ankara with his Turkish counterpart Mevlut Cavusoglu.

“We understand that… maybe a special operation might be needed,” he added. “Turkey’s security concerns must be tackled fully and permanently.”

Turkish President Recep Tayyip Erdogan has warned over the past few weeks that he may soon launch a new offensive in Syria against Kurdish fighters waging an insurgency against the Turkish state.

These include the US-backed Kurdish People’s Protection Units (YPG), which formed a crucial part of an international coalition against the Islamic State jihadist group.

Both Washington and Moscow have called for restraint from Turkey.

But Erdogan has said he expects Turkey’s allies to “understand and respect” the proposed military campaign.

He said on Monday that the offensive would begin “as soon as our preparations are finished”.

Iran is a major ally of Syrian President Bashar al-Assad and an important trading partner for Turkey.

The two sides’ relations were rocked earlier this month by the arrest of eight people Turkey alleges worked for an Iranian assassination team scoping out Israeli targets in Istanbul.

The two ministers did not directly address the arrests in their prepared remarks.

Turkey has launched a string of offensives in Syria since 2016 targeting Kurdish militias as well as Islamic State group jihadists and forces loyal to Assad.