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

Turkey holds to its stance, objects Finland, Sweden joining NATO

Member countries' flags at NATO headquarters in Brussels, Belgium, June 15, 2022. (AFP)
  • Ankara has also demanded the two countries lift their weapons freezes on Turkey
  • Erdogan's foreign policy chief Ibrahim Kalin reported no breakthrough at the Brussels talks
Turkey on Monday said it did not view next week’s NATO summit as a final deadline for resolving its objections to Finland and Sweden joining the Western defense alliance. 

The comments from Turkish President Recep Tayyip Erdogan’s top foreign policy adviser followed a round of urgent talks in Brussels that NATO leaders had hoped would pave the way for the Nordic states’ formal approval to join the bloc at the Madrid summit.

Ankara has accused Finland and Sweden of providing a safe haven for outlawed Kurdish militants whose decades-long insurgency against the Turkish state has claimed tens of thousands of lives.

Ankara has also demanded the two countries lift their weapons freezes on Turkey.

Erdogan’s foreign policy chief Ibrahim Kalin reported no breakthrough at the Brussels talks.

“The Madrid NATO summit is not the deadline, so our negotiations will continue,” Kalin told reporters.

“The existence of terrorist organizations must end in those countries. That is what we expect both from Finland and Sweden.”

NATO chief Jens Stoltenberg called the meeting “constructive” while conceding that Turkey’s “legitimate” concerns had still not been fully addressed.

“Turkey’s has legitimate security concerns over terrorism that we need to address,” Stoltenberg said.

“So we will continue our talks on Finland and Sweden’s applications for NATO membership, and I look forward to finding a way forward as soon as possible.”