UAE prince makes first Turkey go to in decade

Abu Dhabi’s Crown Prince Sheikh Mohammed bin Zayed held talks with Turkish President Recep Tayyip Erdogan in Ankara on Wednesday, opening a brand new chapter in relations between the regional rivals.

The first high-level go to to Turkey since 2012 comes a day after the Turkish lira crashed, the newest disaster in a tumultuous interval for the economic system.

Erdogan greeted Sheikh Mohammed on the ceremonial blue carpet on the presidential palace in Ankara earlier than they went into talks.

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The assembly was adopted by a signing ceremony for a number of agreements whose content material was not divulged. A proper dinner was deliberate later on the palace.

The groundwork was laid for the rapprochement with a go to in August by a UAE delegation, in addition to a telephone name between Erdogan and Sheikh Mohammed, UAE’s de facto ruler.

The UAE and Turkey-backed opposing sides within the Libyan battle and have diverging opinions on different regional points akin to fuel exploration within the japanese Mediterranean.

Relations have been notably tense after a Saudi Arabia-led blockade on Qatar by Arab nations together with the UAE in 2017. Doha is certainly one of Ankara’s closest allies.

Erdogan has this yr sought to enhance ties with regional rivals together with Egypt within the face of accelerating diplomatic isolation that has brought about overseas funding to dry up — notably from the West.

Investors have turn out to be skittish over what they see as Erdogan’s unorthodox considering on rates of interest.

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The lira has misplaced 39 per cent in worth towards the greenback because the begin of the yr and inflation was nearly 20 per cent in October.

Sultan al-Jaber, the UAE’s minister of business and superior expertise, informed Turkish state TRT Haber broadcaster that Turkey was a “natural partner” for Abu Dhabi.

Al-Jaber mentioned the 2 nations would develop financial, social and commerce relations together with in areas akin to vitality, agriculture, infrastructure, finance and tourism.

“The main purpose of this visit is increasing our trade and business partnership through sustainable and successful investments,” he was quoted as saying by TRT Haber.

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