INTERNATIONAL RELATIONS
INTERNATIONAL RELATIONS
Abu Dhabi and Ankara have been in “rival camps” in the past, especially in Libya and the crisis with Qatar.
Erdogan’s visit to the UAE “opens a new page and is in line with the Emirates’ goal of strengthening communication and cooperation channels for stability and prosperity in the region,” said Anwar Gargas, the UAE’s diplomatic adviser, on Sunday.
During his visit to Turkey, Mohammed bin Zayed announced the establishment of a fund with almost 9 billion euros available to support investments in Turkey.
The UAE wants to double or triple the volume of its trade with Turkey, which it sees as a way to new markets thanks to its supply networks, according to statements made in January by Deputy Foreign Minister Thani Al Zejudi.
The trade volume between the two countries in the first half of 2021 amounted to over 26.4 billion dirhams (6.3 billion euros); in other words, it increased by 100% compared to the corresponding period of 2020, according to the official Emirates news agency, WAM.
Total Emirati investment in Turkey reached almost 4.4 billion euros at the end of 2020, according to the WAM, while Turkish investment in the UAE – in the fields of construction, real estate, finance, insurance, industry… – reached 312 million Euros.
Also read: USA | ISIS leader killed
NEWSLETTER SUBSCRIPTION
Israel | Former Military Attorney in custody for leaking video of Palestinian prisoner abuse
Former Israeli Army Attorney General Yifat Tomer-Yerusalmi has been detained as part of an investigation into the leak of a video…
UN Security Council Recognises Morocco’s Sovereignty over Western Sahara
The UN Security Council on Friday approved a resolution supporting Morocco’s sovereignty over Western Sahara, offering the clearest international affirmation yet…
USA | Signing of 10-Year Defence Agreement with India
The United States has signed a 10-year defence framework agreement with India.
HCDI | Greek Presence at European Defence Week
The Hellenic Centre for Defence Innovation (HCDI) made a strong impression during European Defence Week 2025, held in Paris from 27 to 31 October and organised by BPI France, reaffirming…
GA-ASI | New Addition to the “Gambit” Family of Autonomous Combat Air Vehicles
A new member of the “Gambit” family of autonomous unmanned combat air vehicles (UCAVs) has been unveiled by General Atomics Aeronautical Systems…
Prisma Electronics | Presentation of the First Greek IoT Nanosatellite MICE-1
The Info Day of Prisma Electronics SA was held with great success at the Grande Bretagne Hotel, on the occasion of the upcoming…
Auterion | Completion of the Artemis Programme for Long-Range Strike Drone
Auterion has announced the successful completion of the U.S. Defense Innovation Unit’s Artemis programme, delivering a…
MBDA | Integration of SPEAR Missile onto KF-21 Fighter Jet
In mid-October, MBDA and Korean Aerospace Industries (KAI) signed a Memorandum of Understanding for the integration of the SPEAR…
France | The Latest Version of the M51 Nuclear-Warhead Missile is in Operational Service
The latest version of the M51 strategic ballistic missile, capable of carrying a nuclear warhead and launched from French Navy submarines…