Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, with Turkish President Recep Tayyip Erdogan in Ankara last week. EPA
Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, with Turkish President Recep Tayyip Erdogan in Ankara last week. EPA
Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, with Turkish President Recep Tayyip Erdogan in Ankara last week. EPA
Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, with Turkish President Recep Tayyip Erdogan in Ankara last week. EPA


Restoring UAE-Turkey ties is about more than just investments


  • English
  • Arabic

November 28, 2021

Turkish citizens have taken to the streets in significant numbers in recent days to protest violence against women and to speak out against a persistent economic crisis driven by a steep decline in the lira. Some even called for the government to step down.

President Recep Tayyip Erdogan ordered a probe into the lira's fall and urged his people to hold fast as Turkey fights a war for economic independence against what he describes as the nefarious designs of foreign actors.

"We have not thought about this economic policy overnight and decided to apply in the morning,” Mr Erdogan said on Friday, addressing repeated calls for the central bank to reverse policy and implement an interest rate hike. “We’ve been preparing for this for 19 years.”

While the Turkish leader seems compelled to take an unwavering stance domestically in order to maintain a sense of invincibility among his base, he has over the past year become much more amenable internationally.

Consider Mr Erdogan's meeting last week with Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, who visited Turkey for the first time since 2012. The two countries disagreed for years on several key regional issues, but a shift began earlier this year after top officials spoke of seeing no hurdles to warmer ties.

Turkey heralded Sheikh Mohamed's arrival to the White Palace with an honour guard, the Emirati national anthem and a 21-gun salute. After the meeting, in which the two sides discussed bilateral and regional developments, the UAE announced a $10 billion fund to invest in Turkish energy, health care and food, plus investments in Turkish ports, finance and startups and a commitment to boost bilateral trade.

The lira, which has lost 40 per cent of its value since February, perked up in response to the news. However, this infusion of cash is not going to “save” the Turkish economy. Yet, it may do something even more meaningful: further encourage regional unity and solidify the shift in Ankara’s foreign policy positioning.

Egypt, Greece and Cyprus have seen Turkey’s deployment of a drilling ship in the eastern Mediterranean as a challenge to their marine rights. AFP
Egypt, Greece and Cyprus have seen Turkey’s deployment of a drilling ship in the eastern Mediterranean as a challenge to their marine rights. AFP

A year to 18 months ago, Turkey seemed an international pariah, on the verge of war with Greece, opposing Gulf states in several regional disputes, the recipient of harsh US sanctions for purchasing Russian missile defences and facing further sanctions from the EU for its eastern Mediterranean aggressions.

This year, Turkey and Greece have held two rounds of talks to discuss lingering disputes and Mr Erdogan had a friendly meeting with US President Biden on the sidelines of the G20 last month. Just last week, Turkish Vice President Fuat Oktay met with the Saudi Trade Minister in Istanbul, signalling a further warming of ties between Ankara and the Gulf.

The Council of Europe is threatening to launch infringement proceedings against Ankara for its continued detention of philanthropist Osman Kavala, who was again refused release by a Turkish court on Friday. But Brussels seems to have taken sanctions off the table, at least for the moment, as Turkey has reduced its naval profile around Cyprus and the eastern Mediterranean.

What’s more, Ankara somehow maintains relatively friendly relations with warring foes Ukraine and Russia, and broached the possibility of detente with Armenia earlier this year while remaining closely aligned with Azerbaijan. Last week, Mr Erdogan became personally involved in securing the release of an Israeli couple detained while vacationing in Istanbul, then spoke on the phone with both Israeli Prime Minister Naftali Bennett and President Isaac Herzog.

The Muslim Brotherhood has had Turkey's support for a number of years. AP Photo
The Muslim Brotherhood has had Turkey's support for a number of years. AP Photo

As with Egypt, hurdles remain to full rapprochement with Israel, but there’s no question that Turkish ties with both have improved markedly in the past year, thanks in part to Ankara limiting the reach of Muslim Brotherhood-run news outlets. Egyptian President Abdel Fattah El Sisi would like Ankara to extradite dozens of Muslim Brotherhood exiles living in Turkey, while Israel has urged Turkey to shutter Hamas offices in Istanbul and cut ties with the terror group.

In fact, nearly all of the states mentioned above have lingering complaints with Ankara, from its position on Syria to political prisoners such as Kavala, and from Aegean border claims to allegedly using refugees as a weapon. But rarely in international relations are points of contention erased in a flash. Committed diplomats are often required to hack away at a knotty problem behind closed doors for months, even years, before it can be massaged into mutual acceptability.

Improved Turkish ties with its neighbours and the West is a positive development for regional stability and prosperity

What matters at any given moment, then, is the direction of travel. And even though Mr Erdogan remains opposed to a domestic economic shift, to the apparent detriment of his popularity, it’s clear that since the darkest days of the pandemic last summer, Turkish foreign policy has sought to come in from the cold.

I first highlighted Ankara’s move to end its regional isolation back in January, and the friendly vibes have mostly continued in the interim. The reasons behind the shift are mostly immaterial.

The crucial development is that Turkey seems increasingly willing to re-join the international community. A decade ago, Ankara liked to boast of having “zero problems with neighbours", yet by 2013, prominent western outlets were arguing that Turkey suddenly had problems with all its neighbours and beyond.

Now Ankara might have found that elusive middle ground, where both sides can accept lingering issues of contention while maintaining productive ties. Turkey’s foes-turned-friends may doubt Mr Erdogan’s commitment to international norms and open relations. But there should be no doubt that improved Turkish ties with its neighbours and the West is a positive development for regional stability and prosperity, and for all those Turks taking to the streets in desperation.

THE SPECS

Engine: 6.75-litre twin-turbocharged V12 petrol engine 

Power: 420kW

Torque: 780Nm

Transmission: 8-speed automatic

Price: From Dh1,350,000

On sale: Available for preorder now

The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat 

WRESTLING HIGHLIGHTS
Specs

Engine: Duel electric motors
Power: 659hp
Torque: 1075Nm
On sale: Available for pre-order now
Price: On request

Specs

Engine: Dual-motor all-wheel-drive electric

Range: Up to 610km

Power: 905hp

Torque: 985Nm

Price: From Dh439,000

Available: Now

The five pillars of Islam
BUNDESLIGA FIXTURES

Friday (UAE kick-off times)

Cologne v Hoffenheim (11.30pm)

Saturday

Hertha Berlin v RB Leipzig (6.30pm)

Schalke v Fortuna Dusseldof (6.30pm)

Mainz v Union Berlin (6.30pm)

Paderborn v Augsburg (6.30pm)

Bayern Munich v Borussia Dortmund (9.30pm)

Sunday

Borussia Monchengladbach v Werder Bremen (4.30pm)

Wolfsburg v Bayer Leverkusen (6.30pm)

SC Freiburg v Eintracht Frankfurt (9on)

The specs

Engine: 4.0-litre V8 twin-turbocharged and three electric motors

Power: Combined output 920hp

Torque: 730Nm at 4,000-7,000rpm

Transmission: 8-speed dual-clutch automatic

Fuel consumption: 11.2L/100km

On sale: Now, deliveries expected later in 2025

Price: expected to start at Dh1,432,000

BMW M5 specs

Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor

Power: 727hp

Torque: 1,000Nm

Transmission: 8-speed auto

Fuel consumption: 10.6L/100km

On sale: Now

Price: From Dh650,000

While you're here
War and the virus
The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

Read part two: how climate change drove the race for an alternative 

ONCE UPON A TIME IN GAZA

Starring: Nader Abd Alhay, Majd Eid, Ramzi Maqdisi

Directors: Tarzan and Arab Nasser

Rating: 4.5/5

Specs

Engine: 51.5kW electric motor

Range: 400km

Power: 134bhp

Torque: 175Nm

Price: From Dh98,800

Available: Now

UAE currency: the story behind the money in your pockets
UAE currency: the story behind the money in your pockets
EPL's youngest
  • Ethan Nwaneri (Arsenal)
    15 years, 181 days old
  • Max Dowman (Arsenal)
    15 years, 235 days old
  • Jeremy Monga (Leicester)
    15 years, 271 days old
  • Harvey Elliott (Fulham)
    16 years, 30 days old
  • Matthew Briggs (Fulham)
    16 years, 68 days old
The years Ramadan fell in May

1987

1954

1921

1888

How to donate

Text the following numbers:

2289 - Dh10

6025 - Dh 20

2252 - Dh 50

2208 - Dh 100

6020 - Dh 200 

*numbers work for both Etisalat and du

Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
The specs
  • Engine: 3.9-litre twin-turbo V8
  • Power: 640hp
  • Torque: 760nm
  • On sale: 2026
  • Price: Not announced yet
GAC GS8 Specs

Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

On sale: Now

Price: From Dh149,900

The years Ramadan fell in May

1987

1954

1921

1888

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%3Cp%3ECompany%3A%20Zywa%3Cbr%3EStarted%3A%202021%3Cbr%3EFounders%3A%20Nuha%20Hashem%20and%20Alok%20Kumar%3Cbr%3EBased%3A%20UAE%3Cbr%3EIndustry%3A%20FinTech%3Cbr%3EFunding%20size%3A%20%243m%3Cbr%3ECompany%20valuation%3A%20%2430m%3C%2Fp%3E%0A
Results

5.30pm: Maiden Dh165,000 (Turf) 1,600m; Winner: Al Battar, Mickael Barzalona (jockey), Salem bin Ghadayer (trainer).

6.05pm: Maiden Dh165,000 (Dirt) 1,200m; Winner: Good Fighter, Richard Mullen, Satish Seemar.

6.40pm: Handicap Dh185,000 (T) 1,200m; Winner: Way Of Wisdom, Tadhg O’Shea, Satish Seemar.

7.15pm: Handicap Dh170,000 (D) 2,200m; Winner: Immortalised, Tadhg O’Shea, Satish Seemar.

7.50pm: Handicap Dh185,000 (T) 2,000m; Winner: Franz Kafka, James Doyle, Simon Crisford.

8.25pm: Handicap Dh185,000 (D) 1,200m; Winner: Mayadeen, Connor Beasley, Doug Watson.

9pm: Handicap Dh185,000 (T) 1,600m; Winner: Chiefdom, Mickael Barzalona, Salem bin Ghadayer

MATCH INFO

Uefa Champioons League semi-final:

First leg: Liverpool 5 Roma 2

Second leg: Wednesday, May 2, Stadio Olimpico, Rome

TV: BeIN Sports, 10.45pm (UAE)

The BIO:

He became the first Emirati to climb Mount Everest in 2011, from the south section in Nepal

He ascended Mount Everest the next year from the more treacherous north Tibetan side

By 2015, he had completed the Explorers Grand Slam

Last year, he conquered K2, the world’s second-highest mountain located on the Pakistan-Chinese border

He carries dried camel meat, dried dates and a wheat mixture for the final summit push

His new goal is to climb 14 peaks that are more than 8,000 metres above sea level

UAE currency: the story behind the money in your pockets
Types of policy

Term life insurance: this is the cheapest and most-popular form of life cover. You pay a regular monthly premium for a pre-agreed period, typically anything between five and 25 years, or possibly longer. If you die within that time, the policy will pay a cash lump sum, which is typically tax-free even outside the UAE. If you die after the policy ends, you do not get anything in return. There is no cash-in value at any time. Once you stop paying premiums, cover stops.

Whole-of-life insurance: as its name suggests, this type of life cover is designed to run for the rest of your life. You pay regular monthly premiums and in return, get a guaranteed cash lump sum whenever you die. As a result, premiums are typically much higher than one term life insurance, although they do not usually increase with age. In some cases, you have to keep up premiums for as long as you live, although there may be a cut-off period, say, at age 80 but it can go as high as 95. There are penalties if you don’t last the course and you may get a lot less than you paid in.

Critical illness cover: this pays a cash lump sum if you suffer from a serious illness such as cancer, heart disease or stroke. Some policies cover as many as 50 different illnesses, although cancer triggers by far the most claims. The payout is designed to cover major financial responsibilities such as a mortgage or children’s education fees if you fall ill and are unable to work. It is cost effective to combine it with life insurance, with the policy paying out once if you either die or suffer a serious illness.

Income protection: this pays a replacement income if you fall ill and are unable to continue working. On the best policies, this will continue either until you recover, or reach retirement age. Unlike critical illness cover, policies will typically pay out for stress and musculoskeletal problems such as back trouble.

LA LIGA FIXTURES

Friday Celta Vigo v Villarreal (midnight kick-off UAE)

Saturday Sevilla v Real Sociedad (4pm), Atletico Madrid v Athletic Bilbao (7.15pm), Granada v Barcelona (9.30pm), Osasuna v Real Madrid (midnight)

Sunday Levante v Eibar (4pm), Cadiz v Alaves (7.15pm), Elche v Getafe (9.30pm), Real Valladolid v Valencia (midnight)

Monday Huesca v Real Betis (midnight)

HAEMOGLOBIN DISORDERS EXPLAINED

Thalassaemia is part of a family of genetic conditions affecting the blood known as haemoglobin disorders.

Haemoglobin is a substance in the red blood cells that carries oxygen and a lack of it triggers anemia, leaving patients very weak, short of breath and pale.

The most severe type of the condition is typically inherited when both parents are carriers. Those patients often require regular blood transfusions - about 450 of the UAE's 2,000 thalassaemia patients - though frequent transfusions can lead to too much iron in the body and heart and liver problems.

The condition mainly affects people of Mediterranean, South Asian, South-East Asian and Middle Eastern origin. Saudi Arabia recorded 45,892 cases of carriers between 2004 and 2014.

A World Health Organisation study estimated that globally there are at least 950,000 'new carrier couples' every year and annually there are 1.33 million at-risk pregnancies.

Red flags
  • Promises of high, fixed or 'guaranteed' returns.
  • Unregulated structured products or complex investments often used to bypass traditional safeguards.
  • Lack of clear information, vague language, no access to audited financials.
  • Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
  • Hard-selling tactics - creating urgency, offering 'exclusive' deals.

Courtesy: Carol Glynn, founder of Conscious Finance Coaching

THE BIO: Martin Van Almsick

Hometown: Cologne, Germany

Family: Wife Hanan Ahmed and their three children, Marrah (23), Tibijan (19), Amon (13)

Favourite dessert: Umm Ali with dark camel milk chocolate flakes

Favourite hobby: Football

Breakfast routine: a tall glass of camel milk

6 UNDERGROUND

Director: Michael Bay

Stars: Ryan Reynolds, Adria Arjona, Dave Franco

2.5 / 5 stars

The specs
Engine: Long-range single or dual motor with 200kW or 400kW battery
Power: 268bhp / 536bhp
Torque: 343Nm / 686Nm
Transmission: Single-speed automatic
Max touring range: 620km / 590km
Price: From Dh250,000 (estimated)
On sale: Later this year

First Person
Richard Flanagan
Chatto & Windus 

What is a Ponzi scheme?

A fraudulent investment operation where the scammer provides fake reports and generates returns for old investors through money paid by new investors, rather than through ligitimate business activities.

No.6 Collaborations Project

Ed Sheeran (Atlantic)

The years Ramadan fell in May

1987

1954

1921

1888

Our legal consultants

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

UAE currency: the story behind the money in your pockets
MATCH INFO

Uefa Champions League, last-16, second leg (first-leg scores in brackets):

PSG (2) v Manchester United (0)

Midnight (Thursday), BeIN Sports

At a glance

Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.

 

Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year

 

Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month

 

Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30 

 

Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse

 

Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth

 

Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances

Result

Arsenal 4
Monreal (51'), Ramsey (82'), Lacazette 85', 89')

West Ham United 1
Arnautovic (64')

Quick pearls of wisdom

Focus on gratitude: And do so deeply, he says. “Think of one to three things a day that you’re grateful for. It needs to be specific, too, don’t just say ‘air.’ Really think about it. If you’re grateful for, say, what your parents have done for you, that will motivate you to do more for the world.”

Know how to fight: Shetty married his wife, Radhi, three years ago (he met her in a meditation class before he went off and became a monk). He says they’ve had to learn to respect each other’s “fighting styles” – he’s a talk it-out-immediately person, while she needs space to think. “When you’re having an argument, remember, it’s not you against each other. It’s both of you against the problem. When you win, they lose. If you’re on a team you have to win together.” 

The specs

AT4 Ultimate, as tested

Engine: 6.2-litre V8

Power: 420hp

Torque: 623Nm

Transmission: 10-speed automatic

Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)

On sale: Now

Recipe: Spirulina Coconut Brothie

Ingredients
1 tbsp Spirulina powder
1 banana
1 cup unsweetened coconut milk (full fat preferable)
1 tbsp fresh turmeric or turmeric powder
½ cup fresh spinach leaves
½ cup vegan broth
2 crushed ice cubes (optional)

Method
Blend all the ingredients together on high in a high-speed blender until smooth and creamy. 

Updated: November 29, 2021, 7:01 AM`