Search Site

Trends banner

ADNOC L&S H1 net profit $420m

The company’s revenue reached $2.43bn

SEC H1 net profit $1.67bn

Revenue grew by 24% to $7.38 billion.

DEWA profit after tax $789m

It will pay $843m in H1 dividend.

IHC H1 net profit $2.94 billion

The company posted 31% increase in revenue.

ADNOC Gas signs LNG deal

Will supply 0.5mmtpa of LNG to India's HPCL.

Erdogan says West staging ‘provocations’ against Russia

Turkish president Recep Tayyip Erdogan looks on during his meeting with his counterpart Serbian President Aleksandar Vucic in Belgrade on September 7, 2022. (AFP)
  • Erdogan has tried to use his open relations with both Moscow and Kyiv to try to arrange direct talks between Putin and Ukrainian President Volodymyr Zelensky in Turkey.
  • Turkey has not joined the Western sanctions regime against Russia and signed a new economic cooperation agreement with Moscow during a summit between Putin and Erdogan in Sochi.

Turkish President Recep Tayyip Erdogan on Wednesday accused the West of staging “provocations” against Russia that have forced it to cut energy supplies to Europe.

Erdogan has maintained good working relations with Russian President Vladimir Putin while trying to stay neutral in the conflict and supplying Ukraine with weapons and combat drones.

He told reporters on a visit to Belgrade that he understood Putin’s decision to cut off natural gas supplies to Germany via the Nord Stream pipeline.

“I can say very clearly that I do not find the attitude of the West — no need to mention names — to be correct, because it is a policy based on provocations,” Erdogan said.

“As long as you try to wage such a war of provocations, you will not be able to get the needed result.”

Erdogan has tried to use his open relations with both Moscow and Kyiv to try to arrange direct talks between Putin and Ukrainian President Volodymyr Zelensky in Turkey.

“As Turkey, we have always maintained a policy of balance between Ukraine and Russia. From now on, we will continue to follow that balanced policy,” he said.

Erdogan is expected to meet Putin at a regional summit in Uzbekistan next week.

Turkey has not joined the Western sanctions regime against Russia and signed a new economic cooperation agreement with Moscow during a summit between Putin and Erdogan in Sochi earlier this month.