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The language of “investments” and economics have become so characteristic of the growing relationship between Ankara and Abu Dhabi that the two countries have, for more than a year, tended to thaw the ice that had built up between them over the years.
Although signs of this scenario prevailed in the months leading up to the Turkish election, it imposed a new climate in the days following Recep Tayyip Erdogan’s victory in a third presidential term, at a time of many changes in Ankara’s foreign policy.
Emirati President Mohamed bin Zayed was the first Arab leader to visit Turkey after Erdogan’s victory, while Abu Dhabi was the first destination for Turkish Vice President Sevdet Yilmaz and newly appointed Treasury and Finance Minister Mehmet Simsek.
Last week, according to media close to the Turkish government, the two Turkish officials discussed with the Emirati president and Abu Dhabi bilateral relations and several files, which included “investments” estimated at 30 to 40 billion dollars.
On Monday, Handy Firat, a writer close to the government, said in Ankara that Erdogan wanted to go to Abu Dhabi after the blessed Eid al-Adha, and that the move would “end up signing many agreements, especially in the field.” Energy and Defense Industries.”
The writer next talked about “Emirati steps to Turkey” and the first set of long-term investments include renewable energy, transportation (ports, airports, infrastructure) and reconstruction work in earthquake-hit areas. Last February sixth.
The editor’s report in “Hurriyet” indicated that other sectors will follow the first batch of direct Emirati investments, especially defense industries and that they will not be “short-term portfolio flows”.
One of the advantages of the agreements concluded between Turkey and the United Arab Emirates is that it is the largest and most comprehensive investment made from a single source over the years.
“These investments in Turkey will strengthen the relationship between the two countries by going beyond the limits of trust and meeting the demand for piloted drones,” the author says.
“Stage Title”
Relations between Ankara and Abu Dhabi have been strained since mid-2017 to early 2021 after other countries, including Saudi Arabia and the United Arab Emirates, boycotted Ankara’s close ally Qatar.
However, relations between the two countries saw a significant improvement after the visit of Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi in November 2021, during which he disclosed investments worth $10 billion in Turkey.
This is the first visit by a senior Emirati official to Turkey since 2012.
In February last year, the Turkish president visited the United Arab Emirates, his first visit to the Gulf country in nearly nine years, after the return of warm relations between the two regional powers, which differed among many files in the region.
Since the first signs of a new relationship between the two countries began, the language of economics has dominated the scene more than the political trend that has fueled tensions in the past.
Mahmoud Allush, a researcher on Turkish affairs, believes that “the growing economic partnership between Ankara and Abu Dhabi is a result of the increasing warmth in relations after their reform.”
Alloush told Al-Hurrah, “Erdogan’s first foreign trip to the United Arab Emirates marked his dependence on Abu Dhabi and the Gulf countries in general to bring in investments and receive financial support in the face of economic turmoil. The country and the lira.”
Erdogan’s new economic team puts the country’s inflationary crisis next on its agenda.
Turkey has been suffering from high inflation rates for months, and in the period following Erdogan’s victory, the value of the Turkish lira fell to a record low, breaking the 26 barrier against the US dollar as markets opened on Monday.
“The UAE has become a major lender to Turkish banks, and this is indicative of the role it is playing in helping the Turkish banking sector weather the current turmoil,” Alloush said.
And “as the prospects for improving relations with the West seem very bleak, the chances of attracting Western investment back to Turkey are weak, so Erdogan is betting on Gulf investments first,” says Allosh.
And Emirati political analyst Raad Al-Shalal said that “the UAE has had a singular and bold policy in its decision-making since the establishment of the federation until now” and “it has no policy under the table”. , rather everything is on the table.”
Al-Shalal believes that “economics is the backbone of every international relationship. If relations are good along this path, it will lead to a good political relationship.”
He added, “The UAE’s objectives are concrete, based on achieving economic stability, which leads to stability and key political understandings.”
Therefore, Al-Shalal believes that “the economic partnership between Ankara and Abu Dhabi will lead to political understandings, and this will lead to something bigger in the future.”
What is behind the change?
In early March, Abu Dhabi and Ankara signed a “comprehensive economic partnership” agreement, and the Gulf nation said it would double the volume of bilateral trade to $40-45 billion over the next five years.
Turkey’s ambassador to Abu Dhabi, Doğe Tuncer, mentioned the above in early June, he said that the volume of non-oil trade between Turkey and the UAE was about 19 billion dollars in 2022, in light of the two countries’ efforts to increase the amount to 40 billion dollars within 5 years.
UAE Minister of Economy Abdullah bin Duq Al-Marri added that Sheikh Mohammed bin Zayed’s visit to Turkey a few weeks ago opened the door to a new phase of comprehensive strategic relations and partnership.
“With the signing of the Comprehensive Economic Partnership Agreement between the two countries, a promising future full of trade, economic and investment opportunities awaits us,” Al-Mari added.
Emiratis see “increasing importance in consolidating a new relationship with Turkey,” says researcher Allosh.
He explains, “Turkey is important not only because of its promising market and its important role in the global trade movement, but also because of its active role in geopolitics and the policies of the Middle East and Africa, as well as its importance in the field of defense industries.”
And “just as the Emiratis used their economic power as a catalyst to mend relations with Turkey, they are now using this power to deepen a new geopolitical partnership with Ankara in the region.”
The researcher adds, “It actually helps to emerge as a strong and active regional player in the region’s politics.”
Al-Shalal, a political analyst, opines that “the UAE is a source of global trust even with its enemies,” and he imagines that “Turkey’s economic and political relationship with Abu Dhabi will be better than that of its former allies.”
“Erdogan knows that the UAE and its leadership are honest and sincere in their position and that some of his allies are inconsistent,” he added.
All major partnerships and agreements between the UAE and Turkey are “very likely” in the coming days.
In analyst Rath Al-Shalal’s view, “The Turkish president knows that what made the UAE accept Clear Skies is a long-term and strategic goal. That is, the economic and political stability of the region.”
“The Turkish-Emirati transition is part of a larger-scale regional expansion process imposed by circumstances and needs on all active powers in the region.”
Researcher Allosh continues, “The changes the region has witnessed over the past two years are reshaping the regional structure.”
According to Abu Dhabi, the rapprochement with Turkey is “part of a precautionary approach to a new regional situation in which the United States is no longer an important partner, especially in security areas important to the Gulf region.”
The researcher believes that this is a “collaboration based on mutual benefit”.
UAE Minister of Foreign Trade, Thani Al-Siodi, said in a statement to the “Bloomberg” agency last March that the UAE is betting on Turkey as a country that opens the door to new markets through its logistics and supply chains. .”
The minister stressed that the UAE wants to benefit from huge Turkish investments in the industrial sector, its professional workforce and its logistics network, especially with Africa.
The government is working to finalize trade deals with India and Israel, the minister said, expecting the deal with Turkey to be announced in the coming months.
According to “Bloomberg”, the Gulf state is trying to establish its position as an international center in the world of business and finance, especially to attract business and investments from its neighbor Saudi Arabia.
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Abu Dhabi Police has called for strict adherence to traffic rules during the Union Day holiday
Abu Dhabi Police has called on the public to obey traffic rules and regulations, not to drive carelessly and recklessly during celebrations, to observe the requirements and restrictions on the decoration of vehicles, not to behave recklessly on the roads, and to avoid accidents. Happy 52nd Union Day holiday, and wish them a safe and happy holiday.
It emphasized its interest in providing a safe environment to enable community members to celebrate the occasion by preventing anything that disturbs the peace and dealing with emergency situations on main roads, forest areas or places reserved for celebrations.
Abu Dhabi Police has asked the public to cooperate with the instructions of the police and security personnel, especially those attending celebrations and those visiting the wild areas, and to avoid negative behaviour.
It announced that it is ready to increase the number of patrols to protect the celebrations and distribute them according to traffic density points in shopping centers and various event venues in the emirate to improve their security features.
It warned against standing on the roof of a vehicle or leaning out of its windows while driving, making spectacular movements and reckless behavior on the roads, obstructing traffic or blocking the road for others and not stopping at unmarked places.
He called on drivers to pay attention to the movement of pedestrians on various roads, slow down near crossings, give them priority in crossing, and increase caution and attention to children, especially near parks and tourist spots.
He urged families to keep a watch on their children and not take advantage of the joy of Union Day by parading and racing vehicles on the roads. Others are at risk.
Abu Dhabi Police has advised parents using motorcycles, especially on land, to observe public safety regulations and not drive recklessly to avoid accidents. Designated to ride and ride bicycles, and ensures the safety and fit of the bike. Availability of front and rear lights, tires and first aid kit.
He pointed out that the Command and Control Center in the Operations Department in the Central Operations Department operates 24 hours a day, seven days a week to receive calls and reports to Abu Dhabi, Al Ain and Al Dhafra cities. Ensuring speedy arrival of special police teams to respond to emergency calls and emergency situations and protect lives, property and national interests.
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The European Union confirms its commitment to operate a loss and damage fund
Observers are describing this edition of the United Nations climate conference as a turning point in the history of tackling climate change, as it scored an initial victory on its first day, with delegates agreeing to a long-awaited outcome, a fund to compensate countries for “loss” and damage” most affected by climate change.
Bueno said the European Union is at the highest level at “Cop28” as European Council President Charles Michel and Commission President Ursula van der Leyen attend the leaders’ summit.
Commissioner Wopke Hoekstra will also lead the EU “CoP28” negotiating team, and 8 EU commissioners will participate in various sessions, along with a delegation of high-level officials from various EU departments, according to Bueno.
He pointed out that the European Union will hold more than 90 side events on the most pressing climate issues, which reflects the importance of connecting the Union to this occasion and the need to mobilize efforts to combat climate change.
The issue is priorities
The spokesperson of the European Union identified the priorities of the issues from the European perspective at several points during the current edition of the Conference of the Parties:
- We will be at the forefront of negotiations to demonstrate the EU’s strong commitment to the green transition and encourage our partners to take an ambitious approach.
- Member States highlighted the importance of substantially increasing global climate ambition in line with the Paris Agreement, in order to achieve the 1.5°C target, particularly as NDCs and their updates are currently insufficient to meet the target.
- All parties should review their contributions and strengthen long-term strategies for low-GHG development. target.
- We have made a renewed EU contribution to reducing net greenhouse gas emissions by at least 55 percent by 2030.
- The EU will phase out fossil fuels by 2030 and promote a decarbonised global energy system, and we need to help develop technologies to capture emissions.
- With the leadership of COP28, we will launch a global commitment to renewable energy and energy efficiency. The goal will be to triple the installed renewable energy capacity and double the energy efficiency rate by 2030.
Adaptation efforts
Regarding the EU’s role in supporting the rights of developing countries in the face of climate change, Bueno said that progress must be made on the global goal on adaptation, so the Union will call on all parties to make greater efforts for adaptation. All departments.
In addition, the European Union intends to step up efforts to raise funds in support of climate action, according to its spokesperson.
He added: “European Union countries have committed to raising $100 billion annually to help developing countries deal with the effects of climate change. We expect to meet this target for the first time in 2023.”
In 2022, the EU contributed €28.5 billion to the Common Climate Fund.
Losses and Damages
Bueno noted that the EU will continue to seek effective solutions to meet the needs of developing countries regarding losses and damages.
An EU spokesman stressed the commitment to running the loss and damage fund: “We are ready to lead international contributions to that.”
In the first major progress recorded at COP28, the decision was taken to activate the Climate Loss and Damage Fund to compensate countries most affected by climate change. Consistent with negotiations on fossil fuels.
Several countries have already announced contributions, starting with small pledges of what countries hope will be large sums, including $100 million from the United Arab Emirates, which hosts the conference, another $100 million from Germany and at least $51 million from Britain. 17. $5 million from the US and $10 million from Japan.
An initial breakthrough in establishing a damage fund that poor countries have been demanding for years could pave the way for other solutions to be reached during the two-week summit.
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Video| Emirati talents participate in “Global Skills Asia”.
Promising Emirati talents, including young Emirati contestants and previous winners, have participated in the World Skills Asia Competition 2023 with their projects, attracting the attention of audiences around the world. It meets the needs of UAE’s industrial and technological advancement.
Draco Smart Systems founder Abdul Rahman Khaled Al Shehi, winner of the World Skills Competition 2022 Excellence Medal in Power Connections and Smart Buildings, said he underwent 3 years of training under the supervision of the Abu Dhabi Technology and Professional Center. Education and Training (Activit), after which he represented the UAE in the World Skills Competition and won first place. At the level of the Arab countries and ninth in the world, then after the competition, he established his smart home project using smart systems. The Drago Smart System reflects the country’s progress in designing smart buildings.
He said that he benefited greatly during his internship to design smart buildings including hotels, hospitals, schools, residential complexes and how to design their electrical connections using artificial intelligence.
Rawda Al Khedbi, who studies at Abu Dhabi Polytechnic University, said she was working with the Dubai Police Division on a skills competition for a student project in the division’s Explosives Division in a simulation experience for the circuit before activating the circuits.
He pointed out that the department receives meritorious students and records their data to communicate with them in future to benefit from their skills in the long run and utilize them in various policing projects.
Competitor in the junior category, Ahmed Yusuf Al Ali, a grade twelfth student in Sharjah, said his experience at the skills competition was great and he gained confidence and benefited from the competition and challenges. He emphasized that in the future, he has put in a lot of effort to reach the stage of participating in such a global competition to represent his country. Emirates is the first to qualify for this competition in the electronics industry.
As for Zayed University student Khadijah Abdul Karim Al Hammadi, she expressed her happiness to be part of the team representing the UAE in painting and decorating skills and participating in this challenging and challenging competition. She won by merit. For him, participating in an international competition representing his country is a victory that only those who have experienced it can feel happy, he said, pointing out that his project involves painting, wallpapering and repair work. He said that he prepared for the competition by completing 1,300 hours of training from December 2021 and received the support of intensive training from specialist coaches to achieve the expected results, as was the case with the international standards of preparing the client’s home. . (wham)
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