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Alpha Dhabi H1 profit $1.79bn

Adjusted EBITDA rises to $2.36bn.

Borouge Q2 net profit $193m

The H1 revenue stood at $2.72 billion.

ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.
  • Turkey casts doubt on need for new Russian gas hub

    Putin first raised the idea of creating "a gas hub in Turkey for supplies to other countries" during talks with President Recep Tayyip Erdogan in the Kazakh capital Astana last October. Erdogan then instructed his government to start immediate preparations for "an international distribution center" in Turkey.
  • 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...
  • GCC looks to deepen international ties to resolve conflicts, achieve security

    Riyadh, Saudi Arabia-- The Gulf Cooperation Council (GCC) intends to deepen the process of dialogue with the international community in order to achieve achieve global security and stability, and resolve all conflicts through peaceful means.This was stated by the GCC Secretary General Jassem Mohamed Al-Budaiwi while participating in the meeting...
  • Derna counts the cost of Libya flood disaster

    Derna was home to about 100,000 people, and many of its multi-storey buildings on the banks of the riverbed collapsed, with people, their homes and cars vanishing in the raging waters. With global concern about the disaster spreading, several nations offered urgent aid and rescue teams to help the war-scarred...
  • Red Cross warns death toll may surge as 10,000 missing in Libya floods

    The death toll from freak floods in eastern Libya is expected to soar dramatically, with 10,000 people reported missing, the Red Cross warned. Officials in Libya have said at least 150 people were killed in the sudden flooding on Sunday afternoon after storm Daniel swept the Mediterranean, lashing Bulgaria, Greece...
  • Ailing US explorer rescued after nine days in Turkish cave

    The 40-year-old explorer developed stomach problems while examining the depths of the Morca Cave, a remote complex of twisting underground passageways in southern Turkey's Taurus Mountains. The cave, Turkey's third deepest, reaches nearly 1.3 kilometers (0.8 miles) below ground at its lowest point.
  • 150 dead in Libya after storm Daniel results in floods

    "At least 150 people were killed as a result of flooding and torrential rains left by storm Daniel in Derna, the Jabal al-Akhdar region and the suburbs of Al-Marj," Mohamed Massoud, a spokesman for the Benghazi-based administration in Libya, said. "This is besides the massive material damage that struck public...
  • With no deal in place with Ukraine, Russia starts grain supply initiative

    Moscow, Russia - Russian Deputy Foreign Minister Sergey Vershinin has confirmed the commencement of the implementation of the Russian grain supply initiative, which aims to deliver one million metric tons of grain to countries in need, Russian news agency TASS reported on Friday.Vershinin stated that practical steps are now being...
  • Turkey to showcase market-friendly turn at investment roadshow

    inance Minister Mehmet Simsek told reporters he would then travel to New York and European economic powerhouses Germany and Britain to meet with dozens of top chief executives. "There will not be an investor that we are not in dialogue with," Simsek said.
  • 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.
  • Turkish Airlines orders 10 A350 Airbus

    The airline disclosed no financial details in a statement.
  • Iran expects cooperation with Turkey to grow in Erdogan’s new term

    Tehran, Iran-- Iran's President Ebrahim Raisi expects cooperation between his country and Turkey to grow during the "new term" of Turkey's President, Recep Tayyip Erdogan.The president made the remarks during a meeting with with the visiting Turkish foreign minister and his accompanying delegation in Tehran on Sunday.Referring to the cultural...
  • Clashes between army and Turkey-backed rebels in Syria kill 23

    The clashes broke out after pro-Ankara rebels tried to infiltrate Kurdish-held northeast Syria, killing 23 people, a war monitor said. The spike in violence comes amid days of separate clashes in Kurdish-held parts of neighboring Deir Ezzor province after US-backed, Kurdish-led fighters detained the head of a local military body...
  • Iran targets $30bn in annual trade with Turkey: Amirabdollahian

    Tehran, Iran -- Iran and Turkey target $30 billion in annual trade in their endeavor to broaden political and economic relations, Iran's Foreign Minister Hossein Amirabdollahian said Sunday.Speaking at a joint press conference with his Turkish counterpart Hakan Fidan, held in Tehran on Sunday, Amirabdollahian said they have held extensive...
  • Istanbul dams run low after scorching, dry summer

    The bank of screens in Ismail Aydin's Istanbul water management system control room flashes a worrying number: 29.7 percent. That is the capacity level to which Istanbul's water reservoirs have dropped after another steamy summer put Turkey's largest city on the edge of a potential catastrophe.
  • 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 said...
  • Bitay to expand in UAE’s burgeoning crypto market

    DUBAI, UAE –   Bitay, a cryptocurrency platform from Turkey, announced its expansion into the UAE's burgeoning crypto market.The UAE, which has an impressive 99% internet penetration rate according to a McKinsey study, welcomes Bitay.This move aligns with the UAE’s growing stature as a global digital hub and its emphasis on...
  • Turkey to ask Russia to resume grain deal in original form

    According to TASS, quoting a diplomatic source, Turkey's Foreign Minister Hakan Fidan will propose to Russia at the upcoming talks in Moscow to resume the grain deal in its original format. The source said that Turkey is all for restarting the grain corridor in its original "format involving parties to...
  • DP World, Evyap Group ink pact

    The partnership aims at enhancing trade infrastructure.
  • 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 source ...
  • Saudi Arabia and Turkey to boost ties in industrial, mining sectors

    The two countries signed a memorandum of understanding (MoU to boost mining cooperation in critical minerals needed in new technologies like electric vehicles and solar panels. The Turkish and Saudi ministers also discussed deepening partnership in areas such as hydrogen, solar and wind energy, besides seeking to widen trade between...
  • 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...
  • Members of US Congress make rare visit to Syria’s rebel area

    The Republican delegation comprising French Hill, Ben Cline and Scott Fitzgerald entered Syria from Turkey through the Bab al-Salama border crossing, where they were welcomed by a banner reading "Welcome to Free Syria" and revolutionary flags. The delegation visited a hospital in Aleppo province and met orphans of the Syrian...
  • 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.
  • No alternative to first Ukraine-Russia grain deal: Turkey FM

    The foreign minister said that his country does not see any alternative to the original initiative because in his words they carry risks. He completely dismissed an alternate route reportedly being considered by the US. Last month, Russia pulled out of a landmark deal that enabled Ukraine to export more...
  • 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 of...
  • 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.
  • Iraq and Turkey foreign ministers hold talks on water supply, oil

    The foreign minister's visit is also intended to pave way for Turkish President's trip to Baghdad for which a date is yet to be finalized. The issue of water and dams on the Tigris and Euphrates rivers, both of which have their sources in Turkey before entering Iraq, is a...
  • Turkey’s leader Erdogan in Hungary for NATO, energy talks

    Hungary has still not voted to approve the Nordic country's entry into the North Atlantic Treaty Organization, having aligned itself with Turkey which had long blocked Sweden's membership before lifting its veto last month. Both countries' parliaments are currently on holiday. "We can come back to the issue at the...
  • Syria’s economic challenges persist despite Arab League return: MEI

    Damascus, Syria - Syria's reentry into the Arab League in May was anticipated to herald positive changes for the country's fortunes. Diplomatic relations warmed, with a normalization agreement signed with Saudi Arabia and a tense, Russia-brokered meeting between Turkish and Syrian foreign ministers. However, despite these diplomatic strides, Syria's economic...
  • Turkey slams ‘unacceptable’ UN approach to Cyprus row

    ISTANBUL, TURKEY - Turkey's ruling party spokesman on Saturday criticized UN peacekeepers for blocking the construction of a controversial road in the buffer zone dividing Cyprus, calling their attitude "unacceptable" and "extremely wrong".A confrontation occurred on Friday between Turkish Cypriot forces and UN peacekeepers in Pyla, an ethnically mixed village in...
  • Turkish Cypriot forces assault Cyprus peacekeepers: UN

    The confrontation occurred in Pyla, an ethnically mixed village in the UN-patrolled area between the internationally recognised Republic of Cyprus in the south and a breakaway Turkish Cypriot statelet in the north. Video widely shared on social media showed bulldozers pushing away UN-marked SUVs, cement barriers and razor wire as...
  • Turkish officials discuss scenarios around stalled Russia grain deal

    Turkey’s top diplomat Hakan Fidan is planning to discuss the results of these discussions with Russian Foreign Minister Sergey Lavrov and his Ukrainian counterpart Dmitry Kuleba, Turkish media reported. Officials say a stalemate could lead to an escalation of food crisis and possible military tensions.
  • APIC H1 net profit down 39%

    Total revenues grew by 7.2% YoY to $590 million.
  • Turkey broadens grain deal talks ahead of Putin-Erdogan meet

    Ankara, Turkey -- Turkey intensified talks with Ukraine, the United States, and the European Union on the grain deal in preparation for a possible meeting between Turkish and Russian Presidents Tayyip Erdogan and Vladimir Putin, TASS reported."The Ministry of Foreign Affairs, the Ministry of Defense, and the Ministry of Trade...
  • Water flows from Turkey improve after pact: Iraq minister

    Baghdad, Iraq - The water flows from Turkey to Iraq have improved at a rate of 500 m3 per second following the agreement between the two countries, the Minister of Water Resources, Aoun Diab, said on Sunday. “I met with the Turkish ambassador for an hour and a half, and the...
  • Gulf’s green transition: How Turkiye can lead the way

    As these countries -- including Saudi Arabia, UAE and Qatar -- progress to the next phase of their economic diversification, focusing on renewable energy technologies and cutting-edge manufacturing, Turkiye can emerge as a dependable partner, offering opportunities for technology transfer and joint development, he adds.
  • Turkey, Saudi Arabia exports vault 630% after normalization in ties

    Istanbul, Turkey - Turkey's exports to Saudi Arabia have skyrocketed by an astonishing 630 percent in the first seven months of this year compared to the same period in 2022, the dailysabah reported on Thursday.Data compiled by the Turkish Exporters Assembly (TIM) revealed that exports to the kingdom reached an...
  • UK strikes deal with Turkey to tackle illegal migration

    London announced the plan late Tuesday as part of its attempts to reduce illegal migration to the UK, a key political issue. The new UK-backed centre will "enrich existing expertise in both countries with respect to activities aimed at disrupting criminal networks organising illegal journeys", according to a statement from...
  • 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 call...
  • Medical charity assails UN failure to renew Syria aid route

    Through an arrangement that began in 2014, the UN delivered relief to the areas directly through the Bab al-Hawa crossing from Turkey. But last month, the UN Security Council failed to reach consensus on extending the key aid route. The Syrian government has said it will allow humanitarian aid to pass...
  • Erdogan defends expansion of controversial coal mine

    Dramatic scenes have emerged since July 24 when Akbelen forest in the Milas district of the Aegean province of Mugla was occupied by villagers and activists trying to stop the trees from being felled by the mine's owner, an energy company close to the government. Mugla is home to three...
  • Fish farms reel from climate change in water-stressed Iraq

    Drastic government measures have restricted water use for some purposes, including crop irrigation, and authorities have cracked down on illegal practices they long ignored.
  • Turkish inflation surges in July at 47.83 percent

    The new figure comes as Turkey radically shifts its policies since the May election that includes an end to more than a two-year era of ultra-low interest rates. Last week, the central bank revised its year-end inflation forecast to 58 percent from 22.3 percent after years of doubts from independent...
  • Black Cobra signs MoU with OSTIM

    The Abu Dhabi firm will push for growth in the defense sector.
  • Turkey, Italy seek joint hosting of Euro cup 2032, says UEFA

    Paris, France - Italy and Turkey have asked to jointly host the 2032 European Championship, UEFA announced on Friday.European football's governing body said it had "received a request" from the Italian (FIGC) and Turkish (TFF) football federations "to merge their individual bids into one joint bid".In 2021, UEFA initiated a bidding...
  • Water loss, river pollution threaten Syrian fishermen’s livelihood

    The battered country, where half a million died in the conflict, has also suffered the impacts of climate change, from searing summer heat to prolonged drought. The flow of the Euphrates -- one of the region's mighty streams, where the world's earliest civilizations flourished -- has been further impacted by...
  • Thousands of Kurds demonstrate on Lausanne treaty centenary

    The demonstrators marched through the Swiss city in opposition to the 1923 treaty, while organisers urged the international community to reconsider the agreement and its consequences for the Kurdish people. The demonstrators, who came from across Europe, gathered by Lake Geneva before marching uphill to the Palais de Rumine where...
  • Israel’s Netanyahu to visit Turkey days after Palestinian leader

    Netanyahu's office confirmed the visit, the first by an Israeli prime minister since Ehud Olmert in 2008. Turkey's diplomatic drive comes at a time when the Israeli-Palestinian peace process is at a standstill, against a backdrop of the worst violence in years in the occupied West Bank.
  • Turkey, UAE sign agreements worth over $50bn

    Earlier this year, the two countries signed a Comprehensive Economic Partnership Agreement with the aim of boosting trade to $40 billion over the next five years.