ANKARA: Turkey and Greece will start taking concrete steps and working on joint projects to improve economic and commercial ties, Turkish Foreign Minister Mevlut Cavusoglu said after talks Athens, as the NATO members seek to repair ties.
Tensions flared last year over a dispute over maritime jurisdiction and offshore rights in the eastern Mediterranean, and the countries traded barbs on Sunday over the status of Muslim minorities in Greece.
Speaking at a news conference with his Greek counterpart Nikos Dendias in Athens, Cavusoglu said they reached an understanding on 25 articles to improve commercial ties, and both countries would recognize each other’s COVID-19 vaccinations, in a move to help tourism.
Cavusoglu said Turkish President Tayyip Erdogan and Greek Prime Minister Kyriakos Mitsotakis were planning to meet at the NATO summit in Brussels on June 14.
Turkey, Greece to take concrete steps to improve economic ties
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Turkey, Greece to take concrete steps to improve economic ties
- Tensions flared last year over a dispute over maritime jurisdiction and offshore rights in the eastern Mediterranean
Aramco stock gains about 14% year to date as earnings back higher dividend
RIYADH: Shares of Saudi Aramco rose in early trading on the Saudi Exchange after the energy giant reported strong cash generation and higher shareholder returns for 2025, with the stock opening at SR25.92 and climbing to an intraday high of SR25.98.
The company’s shares have gained about 13.8 percent year to date, supported by investor confidence in its dividend outlook and resilient energy earnings.
Aramco reported adjusted net income of $104.7 billion for 2025, while net income stood at $93.39 billion, compared with $106.25 billion a year earlier, as lower crude prices weighed on revenue despite higher sales volumes across oil, gas and refined products.
Operating cash flow reached $136.2 billion, with free cash flow at $85.4 billion, underscoring the company’s continued ability to fund shareholder returns and strategic investments.
The board declared a fourth-quarter base dividend of $21.89 billion, up 3.5 percent year on year, marking the fourth consecutive annual increase, and announced a share buyback program of up to $3 billion over 18 months. Total shareholder distributions for 2025 reached $85.5 billion.
