INSEAD Day 4 - 728x90

2PointZero posts profit surge

Growth driven by merger consolidation.

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Erdogan says severing all contact with Israeli PM Netanyahu

Turkish President Recep Tayyip Erdogan was due to hold an emergency security meeting Saturday in Istanbul to discuss the uptick in attacks on troops in the region. (AFP)
  • "Netanyahu is no longer someone we can talk to. We have written him off," Turkish media quoted Erdogan as saying.
  • Earlier, Israel said it was "re-evaluating" its relations with Ankara because of Turkey's increasingly heated rhetoric about the Israel-Hamas war

Istanbul, Turkey – Turkish President Recep Tayyip Erdogan said on Saturday he was breaking off contact with Israeli Prime Minister Benjamin Netanyahu due to Israel’s actions in Gaza.

“Netanyahu is no longer someone we can talk to. We have written him off,” Turkish media quoted Erdogan as saying.

Erdogan’s remarks came a week after Israel said it was “re-evaluating” its relations with Ankara because of Turkey’s increasingly heated rhetoric about the Israel-Hamas war.

Israel had earlier withdrawn all diplomats from Turkey and other regional countries as a security precaution.

Israeli forces have encircled Gaza’s largest city, trying to crush Hamas in retaliation for October 7 raids into Israel that officials say killed around 1,400 people, mostly civilians, and took some 240 people hostage.

The health ministry in Gaza, which is run by Hamas, says more than 9,400 Gazans, mostly women and children, have since been killed in Israeli strikes and the intensifying ground campaign.

Erdogan said Saturday that Turkey was not breaking off diplomatic relations with Israel.

“Completely severing ties is not possible, especially in international diplomacy,” Erdogan said.

He said MIT intelligence agency chief Ibrahim Kalin was spearheading Turkey’s efforts to try and mediate an end to the war.

“Ibrahim Kalin talking to the Israeli side. Of course, he is also negotiating with Palestine and Hamas,” Erdogan said.

But he said Netanyahu bore the primary responsibility for the violence and had “lost the support of his own citizens”.

“What he needs to do is take a step back and stop this,” Erdogan said.