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Economy, Geostrategy

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.

Turkey says Erdogan to meet Putin in Astana on Wednesday

Turkish President Recep Tayyip Erdogan is keen to boost trade with Moscow as he tries to stabilise the battered Turkish economy in the run up to elections next June. (AFP)
By TRENDS Desk AFP
October 11, 2022 2:52 pm
  • Erdogan has not yet commented on the mass Russian strikes across Ukraine on Monday, which killed at least 19 people and wounded more than 100
  • Turkish ForeigN Minister held a phone call with Ukrainian counterpart Dmytro Kuleba after the attacks, a Turkish diplomatic source said, without elaborating further

Istanbul, Turkey– President Recep Tayyip Erdogan will meet Russian counterpart Vladimir Putin on the margins of a regional summit in the Kazakh capital, Astana, on Wednesday, a Turkish official told AFP.

Turkey, which has stayed neutral throughout the conflict in Ukraine, has good relations with its two Black Sea neighbours — Russia and Ukraine.Erdogan has not yet commented on the mass Russian strikes across Ukraine on Monday, which killed at least 19 people and wounded more than 100.But Foreign Minister Mevlut Cavusoglu held a phone call with Ukrainian counterpart Dmytro Kuleba after the attacks, a Turkish diplomatic source said, without elaborating further.

Erdogan met Putin on the sidelines of a regional summit in Uzbekistan last month.

He still hopes to bring Putin and Ukrainian President Volodymyr Zelensky together for truce talks that neither side particularly wants but which Turkish officials insist are both essential and realistic.

NATO member Turkey has refrained from joining Western sanctions against Russia.

Erdogan is keen to boost trade with Moscow as he tries to stabilise the battered Turkish economy in the run up to elections next June.

Last month Ankara bowed to pressure from the United States and confirmed the last three Turkish banks still processing Russian card payments were pulling the plug.

The decision followed weeks of increasingly blunt warnings from Washington for Turkey to either limit economic ties with Russia or face the threat of sanctions itself.

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