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...
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UAE: The Abu Dhabi Police confiscated 2.25 million Captagon pills

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Abu Dhabi

The Abu Dhabi Police apprehended three people after discovering 2.25 million Captagon pills in containers labeled as dried apricots.

The traffickers, according to the authorities, planned to sell the illegal drugs in the United Arab Emirates and ship the remainder to a nearby Middle Eastern country.

One million of these pills were for the local market, while the remaining tablets were for smuggling, according to Brigadier General Taher Al Dhaheri, the director of the anti-narcotics section for the Abu Dhabi Police.

According to Al Dhaheri, the coordination and collaboration with UAE officials helped make the operation successful. The operation, according to him, was successful because of a thorough preparation and cooperation with UAE officials.

After being discovered concealed in three separate residences in a neighboring emirate, the narcotics were seized. Additionally, the equipment used to package the tablets was taken.

To counteract the risks presented by narcotics, Brigadier General Taher emphasized the importance of working with pertinent organizations.

He urged people to come forward with any information on drug-related offenses. He said that the actions of the Abu Dhabi Police had been successful in reducing drug trafficking and had resulted in several seizures.

He continued by saying that the police department's main objective is to safeguard society, especially the youth, from drugs' negative impacts.

They also strive to preserve social stability, promote security, and improve crime prevention measures.

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