INSEAD Day 4 - 728x90

Recep Tayyip Erdogan

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

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.
  • Turkey eyes legal steps after Kurdish militant group PKK disbands

    Ankara, Turkey - After the decision by the Kurdish militant group PKK to disband, Turkey was eyeing Wednesday a raft of legal and technical measures to ensure its full implementation and finally end a four-decade insurgency. Monday's announcement sought to draw a line under a bloody chapter that began in...
  • Erdogan urges parties to seize ‘window of opportunity’ on Ukraine

    Turkish President Recep Tayyip Erdogan on Monday urged parties to take advantage of recent contacts to strike a deal toward peace in Ukraine, after speaking with the country's leader.
  • Turkey accuses Israel of seeking to ‘dynamite’ Syria ‘revolution’

    Ankara, Turkey -Turkish President Recep Tayyip Erdogan accused Israel on Friday of sowing divisions in Syria in a bid to "dynamite" the "revolution" that toppled dictator Bashar al-Assad. Turkey is a key backer of Syria's new leader Ahmed al-Sharaa, whose Islamist group Hayat Tahrir al-Sham (HTS) led the rebel coalition...
  • Erdogan says may invite Syria’s Assad to Turkey ‘at any moment’

    Erdogan's comments come after tensions have mounted over the past week after a mob went on the rampage, vandalising businesses and properties owned by Syrians in a central Anatolian city. "We may send an invitation (to Assad) at any moment," Erdogan told journalists aboard a plane from Berlin where he...
  • Erdogan urges Palestinian unity after meeting Hamas chief: office

    Erdogan called on Palestinians to unite following the talks at the Dolmabahce palace, on the banks of the Bosphorus strait, that Turkish media reports said lasted more than two and a half hours. "It is vital that Palestinians act with unity in this process. The strongest response to Israel and...
  • Erdogan sees ‘turning point’ for Turkey after poll drubbing

    Observers called it Erdogan's worst election defeat since his party took power in 2002. Many blamed inflations running at 67 percent and a crashing devaluation of the lira currency over the past year.
  • Turkey says Erdogan to meet Joe Biden at White House on May 9

    Istanbul, Turkey - Turkish President Recep Tayyip Erdogan will meet with US counterpart Joe Biden at the White House on May 9, a Turkish official told AFP on Friday. It would be the first White House meeting between the two leaders. The Biden administration in January approved $23 billion in F-16...
  • Turkey’s Erdogan seeks to wrest back Istanbul in mayoral election

    Istanbul, Turkey--Recapturing Istanbul, the "jewel" of Turkey, in Sunday's local elections has become President Recep Tayyip Erdogan's obsession ever since losing the country's economic capital to the opposition in 2019. Erdogan's route to Turkey's presidency was launched in Istanbul, where he was elected mayor in 1994, and his allies held the...
  • Erdogan’s Egypt visit aimed at rapprochement with al-Sisi

    Turkey and Egypt cut ties in 2013 after Sisi, then Egypt's defense minister, ousted Islamist president Mohamed Morsi, an ally of Turkey and part of the Muslim Brotherhood movement. At the time, Erdogan said he would never speak to "anyone" like Sisi, who in 2014 became president of the Arab...
  • Turkey’s inflation 65% in Jan, piles pressure on central bank

    Istanbul, Turkey - Turkey's annual inflation rate stayed stable in January at nearly 65 percent, but month-on-month consumer price increases jumped sharply following a huge minimum wage hike, official data showed Monday. The year-on-year inflation rate moved to 64.86 percent -- up a notch from 64.77 percent in December, the TUIK...
  • Russian president to make ‘imminent’ visit to Turkey

    Turkey's President Recep Tayyip Erdogan has managed to maintain trade and political relations with both Ukraine and Russia, allowing Russia to avoid Western sanctions while selling weapons to Ukraine. The last meeting between Putin and Erdogan was in September 2023 in Sochi, but they frequently talk by phone.
  • Ex-Amazon economist to head Turkey’s central bank

    Erkan resigned just a week after completing a historic series of interest rate hikes that have pushed the baseline rate from 8.5 percent to 45 percent. The bank said last week that it intends to keep rates high for the immediate future to make sure inflation is brought under control.
  • Turkey’s central bank chief denies nepotism allegations

    In a statement posted Friday on X, formerly Twitter, Erkan denounced the reports as "unfounded allegations" designed to undermine confidence in the bank, and threatened legal action. Erkan took up her job last June following the re-election of President Recep Tayyip Erdogan, one of a team of market-friendly economists appointed...
  • Blinken to tackle Gaza, NATO expansion with Turkey’s Erdogan

    Turkish President Recep Tayyip Erdogan has turned into one of the Muslim world's harshest critics of the scale of death and destruction happening in Gaza -- and of Washington's support for Israel. The US State Department on Friday announced $10 million rewards for information about five alleged Hamas foreign operatives...
  • Turkey arrests 33 suspected of spying for Israel, planning abductions

    Interior Minister Ali Yerlikaya said, "We will never allow espionage activities to be conducted against the national unity and solidarity of our country."
  • Erdogan plays down row over Saudi-hosted Super cup

    Friday night's Turkish Super Cup between Galatasaray and Fenerbahce had been due to be played in Riyadh, Saudi Arabia. But it was postponed before kickoff after Saudi organizers refused to allow players to wear jerseys bearing political slogans.
  • Turkey targets ‘terrorists’ in Iraq and Syria after 12 soldiers killed

    Ankara has operated several dozen military posts in the area for the past 25 years in its decades-old war against the Kurdistan Workers' Party (PKK), a group blacklisted by Turkey and many of its Western allies as a terrorist organization. Turkish President Recep Tayyip Erdogan on Saturday called for retaliation...
  • UAE, Turkey explore ways to enhance bilateral relations

    Abu Dhabi, UAE - UAE President Sheikh Mohamed bin Zayed Al Nahyan discussed bilateral ties with Recep Tayyip Erdogan, President of Turkey. The two explored boosting cooperation to achieve further prosperity for the UAE and Turkey, local media reports said. Al Nahyan and Erdogan also exchanged views on various regional...
  • Turkey’s Erdogan in Athens in ‘new chapter’ bid

    Speaking to Kathimerini on Wednesday, the Turkish leader said communication channels with Greece had been "revived" and that he looked forward to signing a declaration of bilateral friendship with Greece on Thursday. Thursday's talks are expected to also discuss the Israel-Hamas war, where Erdogan has shown no sign of abandoning...
  • Turkey’s inflation surges to 62 percent in November

    The latest batch of data show higher borrowing costs starting to slow down consumption -- a key goal of the central bank. Turkey's gross domestic product rose by just 0.3 percent between July and September. It had risen by 3.3 between April and June.
  • Sweden says Turkey promised NATO approval ‘within weeks’

    NATO's other 29 allies, outside of Turkey and Hungary, had hoped to formally welcome Sweden into the alliance at the meeting of foreign ministers in Brussels.Sweden and Nordic neighbor Finland had dropped their long-standing policies of non-alignment and applied to join the US-led military alliance in the wake of Russia's...
  • Relations sour between Turkey and Israel after Erdogan’s speech

    Israel and Turkey -- an overwhelmingly Muslim nation that forms the bulwark of NATO defenses on the edge of the Middle East -- had only just agreed to reappoint ambassadors last year. But their relations unraveled as Erdogan began to pick up the pace and venom of his attacks on...
  • Turkish President Recep Tayyip Erdogan stunned fellow NATO leaders when he asked EU to consider Turkiye's inclusion into the European group.

    Erdogan cancels Israel visit, says Hamas not terrorists but liberators

    Erdogan had taken a more measured tone in the first day of war, condemning all attacks against civilians and urging Israel to be measured in its response to the deadly October 7 attacks by Hamas. But he became much more vocal after the deadly strike on Ahli Arab hospital in...
  • Phallus and the boar: Turkey digs yield clues to human history

    For researchers, the carved statue of a man holding his phallus with two hands while seated atop a bench adorned with a leopard, is a new clue in the puzzle of our very beginnings. The 2.3-meter (7.5-foot tall) work was discovered at the end of September at Karahantepe, in the...
  • Turkey set to realize long-term goal with bid to host Euro 2032

    Turkey missed out to Germany for Euro 2024, with UEFA's evaluation of the bid highlighting concerns about the country's "lack of an action plan in the area of human rights". After four failed attempts, and having joined forces with Italy, the lack of any rival contenders means Turkey is now...
  • Turkey arrests dozens in raids after Ankara attack

    The raids across a swathe of Turkey's predominantly Kurdish southeast came two days after a branch of the PKK -- listed as a terror group by Turkey and its Western allies -- claimed responsibility for Sunday's attack. Turkish police shot dead one of the attackers while the other died in...
  • Turkey’s inflation hovers near 60% after policy U-turn

    The data suggest that Turkey's inflation rate is starting to peak after Erdogan signed off on a series of sharp interest rate hikes that have taken the policy rate to 30 percent from 8.5 percent in four months. "The small (by Turkey's recent standards) rise in inflation to 61.5 percent...
  • Turkey pounds PKK bases in Iraq after Ankara bombing

    In the wake of the bombing, Turkish President Recep Tayyip Erdogan had already vowed that "terrorists" would never achieve their aims. The Kurdistan Workers' Party (PKK), listed as a terror group by Turkey and its Western allies, claimed responsibility for the blast. It has waged a deadly insurgency against Ankara...
  • Turkey says ‘terrorist attack’ took place in Ankara

    The ministry said two attackers arrived in a commercial vehicle around 9:30 am (0630 GMT) "in front of the entrance gate of the General Directorate of Security of our Ministry of the Interior, and carried out a bomb attack." "One of the terrorists blew himself up and the other was...
  • Erdogan, Netanyahu meet as Turkey, Israel seek to improve ties

    Turkey's President Recep Tayyip Erdogan met in New York with Israeli Prime Minister Benjamin Netanyahu, who said "ties between the two countries were improving". After more than a decade of tensions, relations have improved with recent high-level visits, including that of Israeli President Isaac Herzog to Ankara last year.
  • Islamic leaders bash West at UN over Koran burnings

    Sweden has seen a series of burnings of the Islamic holy book, with the government voicing condemnation but saying it cannot stop acts protected under laws on free expression. Turkish President Recep Tayyip Erdogan -- who has put pressure for months on Sweden over its welcome to Kurdish activists Turkey...
  • Erdogan invites Musk to establish his next Tesla factory in Turkey

    "President Erdogan called on Tesla to establish its seventh factory in Turkey," the Turkish leader's office said.
  • Turkey accuses Brussels of disinterest in its EU membership

    Istanbul, Turkey - President Recep Tayyip Erdogan on Saturday accused the European Union of pulling away from Turkey, whose efforts to join the bloc have stalled amid criticism of Ankara's efforts to address democracy and rule of law concerns. Erdogan secured a pledge from Brussels to resurrect the membership talks first...
  • UN Chief to hold meetings with Lavrov, Zelensky, Erdogan to discuss grain deal

    New York, UN - The United Nations Secretary General Antonio Guterres will discuss the revival of the grain deal with Russian Foreign Minister Sergey Lavrov, as well as with presidents of Turkey and Ukraine Recep Tayyip Erdogan and Vladimir Zelensky next week. The discussions will be held during personal meetings...
  • No India-Middle East trade corridor without Turkey: Erdogan

    Ankara, Turkey - Turkish president Recep Tayyip Erdogan has said that India-Middle East trade corridor proposed during the G20 summit in India could not be established without Turkey's involvement. "We say that there is no corridor without Turkey. Turkey is an important production and trade base,” Erdogan said. “The most...
  • EU asks Turkey to address democracy before membership

    EU chief Charles Michel said last month that the bloc should get ready to admit new members from eastern Europe and the Balkans by 2030.
  • Grain deal in focus as Putin, Erdogan all set to meet

    MOSCOW, RUSSIA - Russian President Vladimir Putin will host his Turkish counterpart Recep Tayyip Erdogan on Monday, the Kremlin said, amid hopes the two can restore a deal ensuring safe passage for grain shipments. Russia pulled out from the UN-backed grain agreement that Turkey helped broker in July, effectively revoking safe...
  • Turkey asks Russia to renew grain deal for global food security

    Moscow, Russia - Turkey's foreign minister said on a visit to Moscow on Thursday that reviving a deal to ship Ukrainian grain across the Black Sea was "critical" for food security. "We underlined its critical role for global food security and stability in the Black Sea," Turkish Foreign Minister Hakan Fidan...
  • Erdogan may meet Putin before UNGA kicks off: TASS

    Ankara, Turkey - Turkish President Recep Tayyip Erdogan is expected to talk to Russian President Vladimir Putin in September, ahead of the 78th session of the UN General Assembly, which begins on September 19, s political source based in Ankara disclosed this information to TASS, a Russian news agency. The...
  • Turkey’s Erdogan to visit Russia for talks with Putin

    Turkish President Recep Tayyip Erdogan is to visit Russia "soon" for talks with Vladimir Putin on reviving a deal to ship grain across the Black Sea, his party spokesman said. The meeting will take place in Russia's Sochi city, Erdogan's ruling party spokesman Omer Celik said, adding Turkey hoped to...
  • Years of coal plant expansion torment Turkey’s villagers

    Villagers and environmental activists have been locked in clashes with the police in the southwestern Mugla province since their plant began cutting down trees and olive groves in search for more coal last month.
  • Erdogan and Putin likely to discuss Africa flour supply deal: Report

    Istanbul, Turkey - Turkish President Recep Tayyip Erdogan and Russian President Vladimir Putin are likely to discuss a deal on supplying Russia's flour to African countries, according to TASS. "Both leaders spoke earlier about plans to process Russian grain into flour in Turkey and sending it to the poor nations...
  • Wildfire briefly halts marine traffic on Turkish strait

    The fire forced the evacuation of a local university and closure of a highway running through the blaze. The Turkish coast guard reopened southbound traffic along the strait after more than two dozen aircraft managed to largely contain the blaze by Tuesday night.
  • Turkey ‘warned’ Russia after Black Sea ship attack: Ankara

    The Sukru Okan vessel was flying the flag of Palau when it was fired on by the Russian navy last Sunday. Russian military personnel then boarded the ship to conduct an inspection, before letting it sail on toward the Ukrainian port of Izmail -- the main export route for Ukrainian...
  • West must keep ‘promises’ on Ukraine grain deal: Erdogan

    Ankara, Turkey--Turkish President Recep Tayyip Erdogan said Tuesday that the revival of a deal with Russia to allow Ukrainian grain exports, brokered by Ankara and the UN, "depends on Western countries which must keep their promises". "I think a solution can be found," Erdogan added, referring to a recent telephone...
  • Turkiye will accelerate ongoing defense projects: Erdogan

    Istanbul, Turkiye - Turkiye will accelerate ongoing defense projects and find solutions for the sector's requirements, Turkish President Recep Tayyip Erdogan said on Friday. Speaking at the closing ceremony of the 16th International Defense Industry Fair (IDEF) in Istanbul, Erdogan said the prototypes will be tested for domestic use and...
  • Turkey’s inflation rate slows to 38.2 percent in June

    According to the TUIK state statics agency, the rate slowed from 39.6% in May. But a separate study released by independent economists from the ENAG group who question the official data put the June figure at 108.6 percent, up from 105.2% in May. The official rate has been steadily dropping...
  • Sweden to deport pro-Kurdish PKK supporter to Turkey

    The decision comes after the Supreme Court in May cleared his repatriation to Turkey, where he is expected to serve out a drug trafficking sentence.
  • Days after being re-elected, Turkey’s Erdogan appoints new central bank governor

    Hafize Gaye Erkan -- whose appointment was published in the official gazette on Friday -- has taken over the post from Sahap Kavcioglu. Under Kavcioglu's watch, the bank's policy rate was decreased to 8.5 percent. It had been at 19 percent in 2021.
  • Turkish Lira sinks to new low more than week after Erdogan reelection

    Erdogan was sworn in on Saturday after winning a historic election runoff on May 28 and named a new cabinet appointing market-friendly politician Mehmet Simsek as finance minister.