Connect with us

Politics

UAE leader meets Turkeys Erdogan for first time in ten years

Published

on

 


The de facto UAE ruler has arrived in Turkey for the first time in nearly a decade, announcing a thaw in one of the region’s most difficult relations and backing the Turkish lira.

Sheikh Mohammed bin Zayed al-Nahyan, Crown Prince of Abu Dhabi, was greeted by President Recep Tayyip Erdogan and a marching band upon his arrival at the Presidential Palace in Ankara, where the two leaders were to discuss investment and politics regional.

The pound, which lost nearly 12% of its value against the dollar on Tuesday amid mounting fears over Erdogan’s management of the economy, rebounded to 10% as markets cheered the prospect of Emirati investments in Turkey at a time when the West’s capital is scarce.

Sinem Cengiz, analyst on Turkish-Gulf relations, described the meeting as a historic moment for the geopolitics of the region. “The visit symbolizes a turning point in Turkey-UAE relations after a ten-year feud,” she said.

The two states have found themselves in opposing conflicts and vying for influence in the region since popular uprisings rocked the Arab world in 2011, and their bitter rivalry spilled over from the oil-rich Gulf to the Horn of the United States. Africa and the conflict in Libya. .

Talks between Erdogan and Sheikh Mohammed, one of the most influential leaders in the Arab world, are yet another sign of a tentative shift towards de-escalation in the Middle East as the election of US President Joe Biden and economic turmoil triggered by the coronavirus pandemic have prompted regional leaders to recalibrate their foreign policy.

The UAE is focused on economic diplomacy as it seeks to boost its post-pandemic recovery, while Erdogan wants to reestablish ties with regional rivals as he faces strained relations with Western powers.

“The two countries realized that after facing each other for 10 years, neither side had dealt a fatal blow and it was time to disengage,” said Abdulkhaleq Abdulla, professor of political science based at Dubai.

Turkish authorities hope the high-level visit will boost Emirati investment in their country. “Investors in the United Arab Emirates will be motivated by improving political relations,” said a Turkish official.

The two countries are expected to sign a series of investment agreements in energy, technology and health as well as ports and logistics, according to Turkish public information service TRT. Reuters news agency reported that Turkey’s central bank governor is also meeting with Emirati officials to discuss the possibility of a swap deal that would increase the country’s foreign exchange reserves.

Analysts warn that many of the underlying issues at the heart of their dispute remain unresolved. Relations were strained when Turkey and its Gulf ally Qatar supported the Arab uprisings in 2011. The autocratic monarchies of the UAE and their main ally, Saudi Arabia, saw the revolutions as a threat to the United Arab Emirates. regional stability and their own hold on power.

Abu Dhabi and Ankara have supported opposing sides in the civil war in Libya, and UAE officials have denounced what they perceive to be Turkish interference in Arab affairs.

When Saudi Arabia and the United Arab Emirates imposed a trade and travel embargo on Qatar in 2017, Turkey accelerated the deployment of troops to a military base in Doha in a strong show of support for its closest Arab ally. But tensions began to ease after Saudi Arabia decided to lift the regional boycott of Qatar earlier this year.

In the months that followed, Turkey sought to reach out to Egypt, Saudi Arabia and Israel as well as the United Arab Emirates. Trade and investment have dried up over the past decade due to heightened tensions between Turkey and the UAE. Cengiz said: “The main theme of this approach is economics: realpolitik has won over idealpolitik.

Sources

1/ https://Google.com/

2/ https://www.ft.com/content/84cb8bdb-d6ab-4f2f-8e51-a1e84190be1c

The mention sources can contact us to remove/changing this article

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos

ExBUlletin

to request, modification Contact us at Here or [email protected]