Search Site

Aramco-Horse Powertrain deal completed

An agreement for the purchase of 10% equity stake was signed in June 2024.

Roche to buy Poseida Therapeutics

The $1.5 billion deal is due to close in early 2025.

BP announces $7bn gas project

The project aims to unlock 3 trillion cu ft of gas resources in Indonesia.

Lulu Retail Q3 profit $35m

For the nine-month period, net profit increased by 73.3%.

Talabat IPO offer price range announced

The subscription will close on 27 Nov for UAE retail investors.

Turkey air force pulls out of military exercise in Greece

A Turkish Air Force F-16 fighter aircraft. (Photo by Birol BEBEK / AFP)
  • Turkish security sources said host countries draft a text each year made up of technical regulations ahead of the planned exercise and this year
  • The sources accused Greek authorities of making additions into the document that "abuse disagreements between the two countries," without providing precise details

Turkey’s air force has pulled out of a military exercise scheduled to be held in Greece next month, security sources said on Saturday alleging that preparatory documents singled out Ankara.

The military exercise dubbed “Tiger Meet” is intended to promote solidarity between the participating states’ fleets and is held annually.

This year, it will take place in Athens between May 9 and 20.

Turkish security sources said host countries draft a text each year made up of technical regulations ahead of the planned exercise and this year, Greece targeted Turkey in the said document.

The sources accused Greek authorities of making additions into the document that “abuse disagreements between the two countries,” without providing precise details.

According to Turkish authorities, the additions were “intentional” and prompted the air force command to ask for changes.

But Greece did not accept them, the sources said.

Turkey decided to snub the event on the grounds that “Greece manipulates Tiger Meet for its political interests” and informed Greek authorities of its move on April 22, they added.

Greece and Turkey, NATO allies but regional rivals in the eastern Mediterranean, often trade barbs over Aegean airspace violations.

Turkey on Friday accused Greek warplanes of violating its airspace over the Aegean Sea, which Turkish security sources said happened 30 times in 72 hours.