UAE’s $51 Billion Pledge for Turkey Is Marred by Failed Deals

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 The United Arab Emirates’ pledge to invest $51 billion in Turkey is facing challenges two years after its announcement, as shifting economic conditions in Ankara complicate deal-making. The initial commitment, intended to strengthen economic ties between the two nations, has encountered roadblocks stemming from valuation disputes and shifting investment priorities. In 2021, the UAE announced its ambitious plan to inject substantial capital into various sectors of the Turkish economy, including finance, technology, and infrastructure. The pledge was seen as a major step in restoring relations between the two countries, following years of geopolitical tensions. However, since then, Turkey's economic landscape has evolved, with a strengthened lira, rising investor confidence, and an improved trade balance making local businesses more resistant to external acquisitions and partnerships. Turkish companies, buoyed by a rebound in economic stability, have adopted a firmer stance on valua...

UAE Vice President meets Kyrgyzstan's Cabinet Chairman to strengthen bilateral relations and explore new avenues for cooperation.

 


H.H. Sheikh Mansour bin Zayed Al Nahyan, the Vice President of the United Arab Emirates (UAE), held a meeting today with Akylbek Japarov, the Chairman of the Cabinet of Ministers of Kyrgyzstan, at the Qasr Al Watan Palace in Abu Dhabi. The meeting was aimed at strengthening the close relations between the two countries and exploring new avenues for cooperation.

At the beginning of the meeting, H.H. Sheikh Mansour extended a warm welcome to the Prime Minister of Kyrgyzstan and his accompanying delegation, expressing the UAE's keen interest in deepening the friendly ties between the two countries. He emphasized the importance of building stronger economic, cultural, and political relations that would benefit both nations and their peoples.

The meeting was an opportunity for both leaders to discuss a wide range of issues of mutual interest, including trade, investment, and people-to-people exchanges. They also explored ways to enhance collaboration in sectors such as energy, infrastructure, tourism, and healthcare.

During the meeting, H.H. Sheikh Mansour highlighted the UAE's commitment towards promoting international cooperation and solidarity, and reiterated the country's support for Kyrgyzstan's development efforts. He praised the resilience and determination of the Kyrgyz people in overcoming the challenges posed by the COVID-19 pandemic.

The Prime Minister of Kyrgyzstan, on his part, expressed his appreciation for the UAE's hospitality and its efforts to strengthen bilateral ties. He highlighted the significant potential for cooperation between the two countries and thanked the UAE leadership for its support.

The meeting between H.H. Sheikh Mansour and Akylbek Japarov was a testament to the UAE's proactive approach towards building stronger relations with other countries. The UAE has been working towards strengthening ties with countries in Central Asia, and the meeting with the Kyrgyz Prime Minister is a reflection of this strategy.

The UAE's focus on building relations with other countries is an integral part of its foreign policy. By reaching out to Kyrgyzstan, the UAE is demonstrating its commitment towards fostering international cooperation and creating opportunities for mutual benefit.

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