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ADQ teams up with Turkish investment entities to boost priority sectors

ADQ teams up with Turkish investment entities to boost priority sectorsAbu Dhabi’s holding company ADQ signed agreements with various Turkish investment entities to boost the development of priority sectors in the UAE and Turkey ranging from technology to healthcare, following talks between the two countries.ADQ signed partnership pacts with the Turkey Wealth Fund, Turkey Investment Office and CCN Holding, the Abu Dhabi Government Media Office (ADGMO) said.The agreements were signed during the v...
Tags: Travel, Turkey, Recep Tayyip Erdogan, Uae, Armed Forces, Ankara, CCN, Rupert Neil Bumfrey, Dhabi, ADQ, Mohamed bin Zayed Crown Prince of Abu Dhabi, Turkey Wealth Fund Turkey Investment Office, Abu Dhabi Government Media Office ADGMO, ADGMO, Turkey Investment Office, CCN Holding


#UAE Sets Up $10 Billion Fund to Support #Turkey as Ties Warm - Bloomberg

UAE Sets Up $10 Billion Fund to Support Turkey as Ties Warm - Bloomberg The United Arab Emirates outlined plans to launch a $10 billion fund to support investments in Turkey as the countries signed a string of accords Wednesday during one of the highest-level visits in years between the old Middle East foes.The fund will focus on strategic sectors such as energy, food and healthcare, the UAE’s state-run WAM news agency reported. The UAE, a small but influential Persian Gulf oil-and-business po...
Tags: Travel, Wam, Turkey, Middle East, United Arab Emirates, Recep Tayyip Erdogan, Istanbul, Uae, Ankara, Persian Gulf, Mohammed bin Zayed Al Nahyan, Rupert Neil Bumfrey, Support Turkey


#UAE, #Turkey to Sign Financial Cooperation Deals as Ties Warm - Bloomberg

UAE, Turkey to Sign Financial Cooperation Deals as Ties Warm - BloombergTurkey and the United Arab Emirates will sign cooperation pacts for their wealth funds and stock exchanges during one of the highest-level visits in years between the old Middle East foes. UAE de facto ruler Sheikh Mohammed Bin Zayed Al Nahyan was received in Ankara by President Recep Tayyip Erdogan who is facing turmoil in currency markets and fading popularity ahead of 2023 elections.Abu Dhabi’s sovereign wealth fund ADQ ...
Tags: Travel, Turkey, Middle East, United Arab Emirates, Recep Tayyip Erdogan, Abu Dhabi, Ankara, Mohammed bin Zayed Al Nahyan, Rupert Neil Bumfrey, UAE Turkey


While world leaders are at the UN talking climate change, their private jets are often forced to fly and park hundreds of miles away

Boris Johnson speaking at the United Nations General Assembly EDUARDO MUNOZ/POOL/AFP/Getty World leaders from across the globe flew into New York City to attend the United Nations General Assembly. Their aircraft, however, weren't allowed to stay at New York City's airports due to a long-standing rule. Boris Johnson took Amtrak's Acela from New York to Washington, DC while his plane was parked in Virginia. See more stories on Insider's business page. New York City in Sept...
Tags: Travel, Transportation, UK, New York, London, News, Air Travel, Climate Change, Washington, White House, Virginia, Planes, New York City, US, America, Trends


#AbuDhabi’s Wealth Funds Weigh Turkey Investments Worth Billions - Bloomberg

Abu Dhabi’s Wealth Funds Weigh Turkey Investments Worth Billions - Bloomberg Wealth funds in Abu Dhabi are on the prowl in Turkey, scouting for targets for billions of dollars in investments, according to people familiar with the matter.Talks between the funds from the oil-rich capital of the United Arab Emirates and companies in Turkey have been ongoing for months, the people said. The interest preceded a breakthrough phone conversation in August between Abu Dhabi Crown Prince Sheikh Mohammed...
Tags: Travel, Turkey, Syria, United Arab Emirates, Libya, Erdogan, Recep Tayyip Erdogan, Abu Dhabi, Muslim Brotherhood, Uae, Mohammed bin Zayed Al Nahyan, ADIA, Rupert Neil Bumfrey, Abu Dhabi Investment Authority, Abu Dhabi Crown Prince Sheikh, Mubadala Investment Co ADQ


#UAE to Grow Asia, Africa Trade, Seek $150 Billion Investment - Bloomberg

UAE to Grow Asia, Africa Trade, Seek $150 Billion Investment - Bloomberg The United Arab Emirates plans to deepen its trade ties in fast-growing economies in Asia and Africa, and draw $150 billion in foreign investment from mainly older partners to reposition itself as a global hub for business and finance.The UAE -- which has been the Middle East’s commercial capital for more than a decade and has been facing growing regional competition from Saudi Arabia -- will work on comprehensive economi...
Tags: Travel, Asia, Saudi Arabia, Africa, Israel, Bloomberg, Turkey, Middle East, United Arab Emirates, Recep Tayyip Erdogan, Uae, Gulf, Asia Africa, Britain India, Sheikh Mohammed bin Zayed, Rupert Neil Bumfrey


#Turkey Seeks #SaudiArabia Talks as Part of Regional Reset - Bloomberg

Turkey Seeks Saudi Arabia Talks as Part of Regional Reset - Bloomberg Turkey is taking its outreach to the Arab world one step further with a planned visit to Saudi Arabia next week, after diplomats held two days of talks in Egypt to heal strained ties.Turkish Foreign Minister Mevlut Cavusoglu’s visit to Saudi Arabia would be the first since the 2018 murder of columnist Jamal Khashoggi at the kingdom’s consulate in Istanbul, according to people familiar with the matter. The visit, which is lik...
Tags: Travel, Saudi Arabia, Bloomberg, Turkey, Joe Biden, Syria, Egypt, Middle East, United Arab Emirates, Libya, Recep Tayyip Erdogan, Abu Dhabi, Muslim Brotherhood, Istanbul, Arab, Riyadh


Gulf States Reach Out to Erdogan in Wary Move to Ease Tensions - Bloomberg

Gulf States Reach Out to Erdogan in Wary Move to Ease Tensions - Bloomberg The United Arab Emirates and Saudi Arabia are holding out the possibility of better ties with Turkey that could benefit trade and security in a volatile region, according to people familiar with the strategy.The moves are tentative given the backdrop of longstanding tensions and jostling for influence. They are also likely to fall afoul of the Gulf duo’s insistence that Turkey rein in support for the Muslim Brotherhood, t...
Tags: Travel, Saudi Arabia, Qatar, Bloomberg, Turkey, Joe Biden, United Arab Emirates, Erdogan, Recep Tayyip Erdogan, Muslim Brotherhood, Uae, Gulf, Ankara, Washington Saudi Arabia, Rupert Neil Bumfrey, European Union And Turkey


#Qatar’s Third-Biggest Bank Says It’s in Turkey for ‘Long Haul’ - Bloomberg

Qatar’s Third-Biggest Bank Says It’s in Turkey for ‘Long Haul’ - Bloomberg Commercial Bank of Qatar is committed to its business in Turkey for “the long haul” and will focus on building its operations there, according to the top executive at the lender.“We are focusing on building it and improving the return on equity,” Group Chief Executive Officer Joseph Abraham said in a Bloomberg TV interview Thursday. CBQ has spent the last few years turning the business around, with its non-performing loan...
Tags: Travel, Qatar, Bloomberg, Turkey, Recep Tayyip Erdogan, Bloomberg TV, Rupert Neil Bumfrey, CBQ, Masraf Al Rayan QSC, Alternatifbank AS, Joseph Abraham, Al Khalij Commercial Bank PQSC, Bloomberg Commercial Bank of Qatar


#SaudiArabia Goes Sour on Turkish Goods Amid Spat: Chart - Bloomberg

Saudi Arabia Goes Sour on Turkish Goods Amid Spat: Chart - Bloomberg Turkey’s exports to Saudi Arabia fell 15% in September versus the same period last year, the third straight month of declines, amid an unofficial boycott of Turkish goods by authorities in the kingdom. Preliminary data from the Turkey Exporters’ Assembly suggests October’s drop in shipments was even bigger. A late November phone call between President Recep Tayyip Erdogan and Saudi Arabia’s King Salman signaled a possible...
Tags: Travel, Saudi Arabia, Turkey, Recep Tayyip Erdogan, Riyadh, Assembly, Salman, Rupert Neil Bumfrey, Chart Bloomberg, Bloomberg Turkey


#Qatar Inks Deal for Minority Stake in Turkish Stock Exchange - Bloomberg

Qatar Inks Deal for Minority Stake in Turkish Stock Exchange - Bloomberg Qatar announced on Thursday a series of high-profile investments in Turkey, its biggest ally in a years-long rift with Gulf heavyweights Saudi Arabia and the United Arab Emirates, including the purchase of a stake in the country’s main bourse.Doha-based sovereign wealth fund Qatar Investment Authority signed a memorandum of understanding with its Turkish counterpart known as TWF to purchase a 10% stake in Borsa Istanbul AS....
Tags: Travel, Saudi Arabia, Qatar, Turkey, Middle East, United Arab Emirates, Qatar Investment Authority, Recep Tayyip Erdogan, Istanbul, Doha, Gulf, Ankara, Hamad al Thani, Rupert Neil Bumfrey, Bloomberg Qatar, Turkish Stock Exchange Bloomberg


Turkey fines Twitter, Facebook, YouTube, TikTok under new social media law

Turkey has fined Facebook, Twitter, Periscope, YouTube, TikTok, and Instagram with 10 million lira each (US$1.18 million) for failing to comply with its new social media law. The penalty was imposed for the companies failing the specific requirement of appointing a local representative that would be answerable to the government and courts. have also been fined 10 million lira each. The fines, reported by Al Jazeera, were announced by Omer Fatih Sayan, chairman of Turkey’s Information and Communi...
Tags: Travel, Facebook, News, Instagram, US, Social Media, Turkey, Erdogan, Recep Tayyip Erdogan, Al Jazeera, Twitter Facebook YouTube, Sayan, Justice and Development Party AK Party, Nationalist Movement Party, Facebook Twitter Periscope YouTube TikTok, Omer Fatih Sayan


#UAE vs #Turkey: the regional rivalries pitting MBZ against Erdogan | Financial Times

UAE vs Turkey: the regional rivalries pitting MBZ against Erdogan | Financial Times When Sheikh Mohammed bin Zayed, the United Arab Emirates’ de facto leader, shook up the Middle East by agreeing to normalise relations with Israel, just two states in the region cried foul.  Iran was predictably first up. Regime hardliners in the theocracy often call for the destruction of the Jewish state and deride the UAE as an American stooge. But arguably the harshest reaction came from Turkey, despite i...
Tags: Travel, Israel, US, Turkey, Iran, Nato, Middle East, United Arab Emirates, Libya, Erdogan, Recep Tayyip Erdogan, Abu Dhabi, Tehran, Uae, Gulf, Ankara


Facebook refuses to establish local office as Turkey’s new social media law kicks in

Facebook and other social media companies have reportedly refused to comply with a new regulation in Turkey that requires them to establish a formal presence within the country and greatly increases their liability for harmful content, reported the Financial Times. The new legislation went into effect on October 1. Basically no social media platform so far made an announcement whether they will come to Turkey or not. Today (1st of October) is the last day for the social media platform operators...
Tags: Travel, Facebook, News, India, Social Media, Turkey, Erdogan, Recep Tayyip Erdogan, Financial Times, Reserve Bank of India RBI, Personal Data Protection Bill, Yaman Akdeniz, Yaman Adeniz


The #Dubai-Istanbul Route, Once Rammed With Flights, Stays Silent - Bloomberg

The Dubai-Istanbul Route, Once Rammed With Flights, Stays Silent - Bloomberg: For years, passenger jets have darted back and forth between Istanbul and Dubai, the two main hubs connecting airline passengers in the Middle East with destinations across the globe.But when Turkish Airlines and Emirates began reviving their pandemic-depleted schedules a few weeks ago, that particular route remained closed except for a few scattered cargo operations. Emirates announced in June that the Istanbul fli...
Tags: Travel, Europe, Iraq, Qatar, Bloomberg, Turkey, Syria, Egypt, Middle East, Emirates, Dubai, Libya, Recep Tayyip Erdogan, North America, Muslim Brotherhood, Istanbul


Erdoğan leads first prayers at Hagia Sophia museum reverted to mosque

Turkish president recites Qur’an at monument as Greece declares day of mourningTurkey’s president, Recep Tayyip Erdoğan, has led worshippers in the first prayers in Istanbul’s iconic Hagia Sophia since his controversial declaration that the monument, which over the centuries has served as a cathedral, mosque and museum, would be turned back into a Muslim house of worship.The Turkish leader and an entourage of senior ministers arrived for the service in the heart of Istanbul’s historic district o...
Tags: Europe, Greece, Religion, World news, Turkey, Cities, Culture, Architecture, Unesco, Art and design, Heritage, Christianity, Islam, Jesus, Erdogan, Recep Tayyip Erdogan


'Deeply saddened': Pope Francis on Hagia Sophia reverting to mosque – video

The pope said he feels ‘deeply saddened’ by the decision of Turkey’s president, Recep Tayyip Erdoğan, to convert Istanbul’s Hagia Sophia from a museum back into a mosque. The Unesco-listed building was first constructed as a cathedral in the Christian Byzantine empire but was converted into a mosque after the Ottoman conquest of Constantinople in 1453Pope Francis ‘very distressed’ over Hagia Sophia mosque move Continue reading...
Tags: Religion, World news, Turkey, Unesco, Pope Francis, Recep Tayyip Erdogan, Francis, Istanbul, Sophia


Court ruling paves way for Istanbul's Hagia Sophia to revert to mosque

Status of Unesco-listed 1,500-year-old building has been hotly debated for decadesA Turkish court ruling has paved the way for Istanbul’s crowning architectural jewel, the Hagia Sophia museum, to be turned back into a mosque – a politically charged decision that has drawn international criticism but delighted the president Recep Tayyip Erdoğan’s conservative base.Turkey’s highest administrative court, the Council of State, ruled unanimously on Friday to annul a 1934 presidential decree that stri...
Tags: Religion, World news, Turkey, Unesco, Christianity, Islam, Recep Tayyip Erdogan, Istanbul, Sophia, Hagia Sophia


Billionaire #Saudi banking tycoon dead at 79, family says

Billionaire Saudi banking tycoon dead at 79, family says:  In this Aug. 10, 2006 file photo, Turkish Prime Minister Recep Tayyip Erdogan, left, and King Abdullah of Saudi Arabia, right, applaud after Islamic Chamber of Commerce and Industry President Sheikh Saleh Abdullah Kamel, center, made a speech during a meeting at the Ottoman era Ciragan Palace in Istanbul, Turkey. Billionaire Saudi businessman Saleh Abdullah Kamel, who founded the banking and real estate conglomerate Dallah Albar...
Tags: Travel, Saudi Arabia, Associated Press, Recep Tayyip Erdogan, Istanbul Turkey, Abdullah, Jiddah, Rupert Neil Bumfrey, Kamel, Islamic Chamber of Commerce and Industry, Saleh Abdullah Kamel, Ciragan Palace, Dallah Albaraka Group, Samir Abbas Hospital


#Turkey Expands Crisis-Era Swap Deal With #Qatar to $5 Billion - Bloomberg

Turkey Expands Crisis-Era Swap Deal With Qatar to $5 Billion - Bloomberg:Turkish and Qatari central banks are boosting the size of a currency-swap deal that dates back to last year’s lira crisis, extending the gas-rich Gulf nation’s support for its ally by adding to its foreign-exchange reserves.Clinched during President Recep Tayyip Erdogan’s visit to Doha, the agreement will raise the limit on the existing arrangement to $5 billion from $3 billion. The goal is to boost “bilateral trade in resp...
Tags: Travel, Qatar, Turkey, Middle East, Erdogan, Recep Tayyip Erdogan, Doha, Gulf, Saudi Arabia Turkey, Rupert Neil Bumfrey


Erdogan Says Treasury to Take Over Turkey's Largest Listed Bank - Bloomberg

:Turkish President Recep Tayyip Erdogan escalated his campaign to seize the nation’s largest listed lender, Turkiye Is Bankasi A.S., calling for a parliamentary vote on the takeover.Shares of the lender, which is part owned by the main opposition party, tumbled after Erdogan told his ruling AK party’s lawmakers in Ankara on Tuesday that “Isbank will become the property of the Treasury, with the permission of God.”The opposition CHP party doesn’t get any dividends from its 28 percent stake in Isb...
Tags: Travel, Turkey, Treasury, Erdogan, Recep Tayyip Erdogan, CHP, Ankara, Mustafa Kemal Ataturk, AK, Rupert Neil Bumfrey, Isbank, Bank Bloomberg, Erdogan Says Treasury, Turkiye Is Bankasi, Turkey Ataturk


Leaders of Qatar and Turkey meet for strategic dialogue as partnership strengthens | Foreign Brief

Leaders of Qatar and Turkey meet for strategic dialogue as partnership strengthens | Foreign Brief:Qatari Emir Sheikh Tamim bin Hamad Al-Thani and Turkish President Recep Tayyip Erdogan will meet in Istanbul today for the fourth Turkey-Qatar Supreme Strategic Committee meeting.The two leaders will likely discuss, among other things, a more unified response to the murder of Saudi journalist Jamal Khashoggi. Erdogan has demanded accountability from Riyadh, which continues to deny that Crown Prince...
Tags: Travel, Qatar, Turkey, Iran, Recep Tayyip Erdogan, Istanbul, Doha, Riyadh, Mohammed bin Salman, Hamad al Thani, Rupert Neil Bumfrey, Jamal Khashoggi Erdogan, Turkey Qatar Supreme Strategic Committee


Khashoggi Killing: Saudi King Is Accountable, Too - Bloomberg

Khashoggi Killing: Saudi King Is Accountable, Too - Bloomberg:One of the central figures in the drama over the murder of Saudi journalist Jamal Khashoggi has remained an invisible man. Global attention has focused on the role played by Saudi Crown Prince Mohammed bin Salman in the Oct. 2 killing at the Saudi consulate in Istanbul. But another figure deserves equal billing: the prince’s father, King Salman.The crown prince is often referred to as the “de facto ruler” of Saudi Arabia. But that’s n...
Tags: Travel, Washington Post, Saudi Arabia, Bloomberg, Recep Tayyip Erdogan, Istanbul, Mohammed bin Salman, Salman, Rupert Neil Bumfrey, Khashoggi, Jamal Khashoggi


Khashoggi’s Killing Could Ease Saudi-Qatar Breach - Bloomberg

Khashoggi’s Killing Could Ease Saudi-Qatar Breach - Bloomberg:When four Arab states led by Saudi Arabia cut diplomatic ties and transportation links with Qatar in June 2017, there were expectations that the rulers would resolve the spat quietly among themselves, as they did a similar dispute three years earlier. Instead, Saudi Arabia issued tough demands, Qatar -- a Turkish ally -- refused to kowtow to its powerful Arab neighbor, and the breach hardened. Now, in the first sign of a possible thaw...
Tags: Travel, Saudi Arabia, Qatar, Bloomberg, Erdogan, Recep Tayyip Erdogan, Istanbul, Mohammed bin Salman, Rupert Neil Bumfrey, King Salman bin Abdulaziz, Prince Mohammed, Khashoggi, Jamal Khashoggi, Instead Saudi Arabia


Khashoggi’s death is radioactive for Saudi Arabia’s crown prince | Financial Times

Khashoggi’s death is radioactive for Saudi Arabia’s crown prince | Financial Times:Saudi Arabia’s latest explanation for the death of Jamal Khashoggi — that he was killed in a “fist-fight” with “rogue” operators lying in wait at its Istanbul consulate — is beneath contempt. After more than two weeks of lies, Riyadh has acknowledged the killing but wrapped it in a preposterous story that cannot survive even the scrutiny of US president Donald Trump, an unstinting fan of the Saudi royal family and...
Tags: Travel, Washington Post, Saudi Arabia, US, Erdogan, Recep Tayyip Erdogan, Donald Trump, Istanbul, Financial Times, Riyadh, Mohammed bin Salman, Rupert Neil Bumfrey, Khashoggi, Jamal Khashoggi


US and Turkey seek to avoid rupture with Saudi Arabia | Financial Times

US and Turkey seek to avoid rupture with Saudi Arabia | Financial Times:More than two weeks have passed since Jamal Khashoggi entered the Saudi Arabian consulate in Istanbul and was not seen again. But despite mounting evidence that Saudi Arabia was responsible for the death of the veteran journalist, neither Donald Trump nor Turkey’s president Recep Tayyip Erdogan have publicly pointed the finger at the country’s leadership.The reaction of the US president has caused serving and former administ...
Tags: Travel, Saudi Arabia, US, America, Turkey, Recep Tayyip Erdogan, Donald Trump, Istanbul, Financial Times, King Salman, Mohammed bin Salman, Washington Saudi Arabia, Mike Pompeo, Rupert Neil Bumfrey, Jamal Khashoggi


Merkel Enters Fray to Calm Turkey Turmoil as German Stakes Rise - Bloomberg

Merkel Enters Fray to Calm Turkey Turmoil as German Stakes Rise - Bloomberg:Angela Merkel is reminding Turkish President Recep Tayyip Erdogan that he has a potential ally in Berlin.As Erdogan seeks to shield Turkey’s economy from a feud with President Donald Trump, he and the German chancellor spoke by phone on Wednesday to arrange a meeting of both countries’ finance ministers. While Berlin isn’t offering any aid, the conversation reflects the stakes on both sides and Germany’s sway as the bigg...
Tags: Travel, Germany, Angela Merkel, Berlin, Bloomberg, Turkey, Merkel, Erdogan, Recep Tayyip Erdogan, Donald Trump, Europe Germany, Rupert Neil Bumfrey


Turkish Stocks at Cheapest in Nine Years Still Find Few Buyers - Bloomberg

Turkish Stocks at Cheapest in Nine Years Still Find Few Buyers - Bloomberg:"Turkish stocks haven’t been this cheap in almost a decade, but that doesn’t mean they’re a slam dunk.Just two weeks after markets celebrated President Recep Tayyip Erdogan’s call for snap elections, a move that condensed a period of political uncertainty from 19 months to two, investors are beginning to reconsider the premise of that rally. The economy’s still overheating, and analysts are starting to doubt an easy victo...
Tags: Travel, Bloomberg, Recep Tayyip Erdogan, Rupert Neil Bumfrey


Rates, Reserves and Perhaps a Float: A Guide to MENA Central Banks - Bloomberg

Rates, Reserves and Perhaps a Float: A Guide to MENA Central Banks - Bloomberg:"After a year of rising U.S. interest rates and political volatility that drove up borrowing costs in much of the Middle East and North Africa, the region’s central banks have more divergent goals in 2018. From a new easing cycle in Egypt, political pressure in Turkey and a potential currency float in Morocco, below is a guide to what to look for:TurkeyEven after Turkey missed its inflation target for the seventh year...
Tags: Travel, Turkey, Egypt, Morocco, Middle East, Recep Tayyip Erdogan, North Africa, Rupert Neil Bumfrey, Murat Cetinkaya, MENA Central Banks Bloomberg


Historic Iron Church in Istanbul reopens after restoration

ISTANBUL (AP) — Turkey’s president and the Bulgarian prime minister have unveiled the historic Iron Church in Istanbul after a seven-year restoration project. In Sunday’s opening ceremony, Turkish President Recep Tayyip Erdogan said the 120-year-old Sveti Stefan Church remains the “single example” of a church built on an iron skeleton. The cross-shaped Bulgarian church was […]
Tags: Travel, News, Turkey, Ap, Recep Tayyip Erdogan, Istanbul, Nation & World, Sveti Stefan Church



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