Search Site

Maaden raises $1.25bn in sukuk offering

The Sukuk were offered in a five-year and a 10-year tranche.

DAE net profit up 36.2%

Revenues grew by 9 percent to $1.42bn from $1.31bn in 2023.

Borouge 2024 net profit $1.24bn

The company said it will maintain a $1.3bn dividend for 2025.

ADQ, Orion to establish JV

The partners commit to deploying $1.2bn in the next four years.

Alpha Dhabi acquires interest in NCTH

The deal increases NCTH's portfolio to 8 hotels with 1,500 keys.

Turkey summons Swedish diplomat to explain ‘terrorist propaganda’

Iraqi protesters hand a poster calling Turkish President Recep Tayyip Erdogan "terrorist", at the entrance of the Turkish visa application center in Najaf. AFP
  • Turkish President Recep Tayyip Erdogan has accused Sweden and Finland of being havens for Kurdish militants
  • Turkey's display of displeasure follows events in Sweden last week to commemorate the 10th anniversary of the Kurdish uprising in northern Syria

Sweden’s charge d’affaires in Turkey was summoned at the weekend to explain the use of what Ankara alleges is “terrorist propaganda” in support of Kurdish militants, a diplomatic source said.

Turkish President Recep Tayyip Erdogan has accused Sweden and Finland of being havens for Kurdish militants — specifically from the outlawed Kurdistan Workers’ Party (PKK), which he has sought to crush — and for promoting “terrorism”.

He has threatened to block the Nordic states’ bid to join NATO unless they extradite dozens of alleged “terrorists” under a deal the three signed last month.

The Swedish foreign ministry said its diplomat had been called to a “meeting” in Ankara on Saturday, without elaborating.

Turkey’s display of displeasure follows events in Sweden last week to commemorate the 10th anniversary of the Kurdish uprising in northern Syria, which borders Turkey.

Turkey is threatening to launch a new military offensive against Kurdish-controlled areas of northern Syria, where he wants to establish a buffer zone 30 kilometers (20 miles) deep.