INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Greece accuses Turkey of violating its air space

Nikos Dendias, Greece Foreign Minister speaking at a virtual meeting. (Twitter/Nikos Dendias)
  • The Greek foreign ministry issued "an immediate and strong-worded protest" to the Turkish ambassador in Athens
  • It said the Turkish fighter jets "illegally entered our national airspace and approached Alexandroupolis within a distance of just 2.5 nautical miles".
Greece on Friday issued a formal complaint to Turkey following what it said was “the unprecedented violation of Greece’s national sovereignty by two Turkish fighter aircraft”.The Greek foreign ministry issued “an immediate and strong-worded protest” to the Turkish ambassador in Athens, saying Ankara was “violating all the fundamental rules of international law”.

It said the Turkish fighter jets “illegally entered our national airspace and approached Alexandroupolis within a distance of just 2.5 nautical miles”.

“This action constitutes a clear escalation of Turkish provocative conduct. (It) undermines NATO’s cohesion and urgent priorities, and poses a clear threat to the European Union at a critical juncture, as the port of Alexandroupolis is a key hub for the transport of troops and equipment to reinforce our allies.”

The ministry said it would inform NATO, the EU and the United Nations.

Greece and Turkey are neighbors and allies within the NATO military alliance, but have had strained relations for years, exacerbated recently by Turkish drilling for hydrocarbons in the Mediterranean.

Athens regularly accuses Turkish war planes of violating its airspace.