INSEAD Day 4 - 728x90

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

Erdogan claims that Iraq backed Turkey’s push against Kurdish militants

A member of the Kurdistan Workers' Party (PKK) carries an automatic rifle on a road in the Qandil Mountains, the PKK headquarters in northern Iraq, AFP
  • The Turkish leader’s comments came a day after Iraq summoned Turkey’s ambassador to Baghdad to lodge a formal protest against Erdogan’s latest military campaign
  • Turkey’s armed forces have reported the death of two soldiers and dozens of Kurdish militants since the launch Sunday of their third offensive in northern Iraq

Turkish President Recep Tayyip Erdogan on Wednesday said the central government in Baghdad supported Turkey’s latest offensive against outlawed Kurdish militants in northern Iraq.

The Turkish leader’s comments came a day after Iraq summoned Turkey’s ambassador to Baghdad to lodge a formal protest against Erdogan’s latest military campaign.

Turkey’s armed forces have reported the death of two soldiers and dozens of Kurdish militants since the launch Sunday of their third offensive in northern Iraq.

Erdogan told a parliamentary meeting of his ruling party that both Baghdad and the leaders of the autonomous Kurdish region based in Erbil supported Turkey’s ground and air assault.

“I thank the central government in Iraq and the regional administration for their support to our fight against terror,” Erdogan said.

“I wish success for our heroic soldiers involved in this operation, which we are carrying out in close cooperation with the central Iraqi government and the regional administration in northern Iraq.”

Some analysts believe that Iraqi leaders — while lodging formal protests — are privately happy that Turkey is trying to punish fighters from the Kurdistan Workers Party (PKK).

The group is recognized as a terrorist organization by both Ankara and its Western allies.

The PKK has been waging an insurgency against the Turkish state since 1984 that has claimed tens of thousands of lives.

But officials in Baghdad are publicly voicing displeasure over the Turkish military push into the mountains of northern Iraq.

Iraq handed the Turkish ambassador a “firmly-worded note of protest” urging its northern neighbor to “put an end to acts of provocation and unacceptable violations,” the foreign ministry said Tuesday.