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 jails opposition party politician: reports

The founder of the opposition Democracy and Progress Party (DEVA), Metin Gurcan.
  • Turkish police detained him on Friday
  • Gurcan was then jailed on Monday, according to the private NTV broadcaster

A well-known Turkish defense analyst and founder of the opposition Democracy and Progress Party (DEVA), Metin Gurcan, has been jailed on charges of “political and military espionage,” local media reported on Tuesday.

Gurcan, a former member of the Turkish military, was one of the co-founders of DEVA party led by Ali Babacan, a former deputy prime minister within President Recep Tayyip Erdogan’s ruling AKP party.

Turkish police detained him on Friday.

“I am being detained on charges of political espionage. The police are at home… They are searching. I am shocked and I seek your help,” Gurcan tweeted last week.

Gurcan was then jailed on Monday, according to the private NTV broadcaster.

“As far as we know, Metin (Gurcan) has no means to access to any classified state document,” Babacan told Haberturk television. “Because he is not working for the state.”

Gurcan recently criticized the government’s agreements with the United Arab Emirates, arguing that Turkey would be forced to make concessions in return for investment pledged by the UAE.

Last Wednesday, during a visit by Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed to Ankara, the UAE announced a $10-billion fund for investments in Turkey.