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.

Turkey appoints new envoy to Israel after four-year gap

Following his November 1 election win, Netanyahu entered into talks with ultra-Orthodox and extreme-right parties. (AFP)
  • Sakir Ozkan Torunlar is a veteran diplomat who has served as Turkey's consul general in Jerusalem between 2010 and 2014
  • Ankara withdrew its ambassador to Israel in May 2018 and threw out the Israeli envoy over the Israeli army's killing of dozens of Palestinians

Turkey has appointed an ambassador to Israel after a gap of four years in the latest step towards normalising ties with the Jewish state.

Sakir Ozkan Torunlar, a veteran diplomat who had served as Turkey’s consul general in Jerusalem between 2010 and 2014, was named to the post in a presidential decree late Friday, Turkish media reported.

Ankara withdrew its ambassador to Israel in May 2018 and threw out the Israeli envoy over the Israeli army’s killing of dozens of Palestinians.

Israel riposted by sending back the Turkish consul in Jerusalem.

Ties between the two soured after Turkish leader Recep Tayyip Erdogan criticised Israel’s policy towards Palestinians under the previous governments of its new Prime Minister Benjamin Netanyahu.

But Erdogan sent a congratulatory letter to Netanyahu after his victory in elections held earlier this month.