Skip to main content

Foreign Affair- TURKEY &UAE

The Turkish Embassy in the UAE was opened in 1979, following the foundation of the UAE in 1971, whereas the UAE opened its Embassy in Turkey in 1983.


 The relationship between Turkey and the UAE, which started to deteriorate in the process called the Arab "Spring" (which in fact plunged the region into a dark "winter") did not improve afterward. The fact that Abu Dhabi did not even feel the need to hide its support for the July 15, 2016 coup attempt in Turkey on social media further increased the tension.



In this sense, the process that started with a phone call between the foreign ministers of the UAE and Turkey last April is progressing in a positive direction. In the UAE, gestures such as the passive appointment of politicians known for their opposition to Turkey are reflected in the press.


The fact that the commercial relations between the UAE and Turkey have not completely broken off despite the crisis period is also a basis for normalization. The two countries have an aim to double the trade volume between them, which is currently around $9 billion (TL 76 billion).

Abu Dhabi’s Crown Prince Sheikh Mohammed bin Zayed and Turkish President Recep Tayyip Erdogan held talks Monday, UAE State media reported, as relations improve between their two countries.

The phone call between the two leaders marks the highest-level interaction in years, after a rare visit earlier this month to Ankara by a United Arab Emirates delegation.

Are you willing to set up a Business  in Dubai?

Starting a business in Dubai requires following various formalities, licensing procedures, and more. As a business development consultant in dubai I  will  assist you in how to establish business in Dubai,  will also help you in understanding the types of company formation in Dubai, and more. Get in touch with us today!
Connect me on: ashiqmoideen7@gmail.com
Text me or call:  +971566738107
     Twitter         : ashiqmoidheen
    Linked in       : ashiq moideen  


 
Labels:

Comments

Post a Comment

Popular posts from this blog

Business Opportunities in UK

The UK's financial and professional services sector is unparalleled in scale and ranges from banking to insurance; asset management to foreign exchange; and professional service The British SME sector is booming.  At the start of 2020, there were 5.9 million small businesses, up 1.9% from the previous year,accounting for 50 per cent of the total revenue generated by UK businesses and 44 per cent of the country’s labour force. In the UK 1,22,512 work-related visas were granted in the year ending March 2021 which was 37% fewer than the previous year. expect demand to rise considerably throughout 2021 and 2022.  The UK economy grew by 1.4% in 2018, a considerable slowdown compared to the results obtained in previous years. This reflects uncertainty about the Brexit before entrepreneurs, investors The UK economy grew by 1.4% in 2018, a considerable slowdown compared to the results obtained in previous years.  The 10% richest earn ten times as much as the 10% poore...
Post a Comment
read more »

INTERNATIONAL TRADE-UAE MARKET

UAE has been the top U.S. export market in the MEA region for the last 12 years and is a global hub for over 1,500 American companies doing business throughout the Middle East, Africa, Europe, and Asia.    At the same year, Crude Petroleum was the 1st most exported product in United Arab Emirates.  The UAE GDP for 2020 was $359 billion. This reflects the rich natural resources in the UAE, which has 10 percent of the total world supply of oil reserves and the world's fifth largest natural gas reserves. As a mainstay to the economy, oil exports now account for about 30 percent of total UAE gross domestic product Trade Negotiations and WTO Department, which is part of the UAE Ministry of Economy, is responsible for Dealing with all WTO affairs and free trade agreements, including ongoing negotiations,Supervising the implementation of the UAE's commitments under WTO agreements, as well as international and regional trade agreements to which the UAE is a party (in co-ordinatio...
11 comments
read more »

UAE:Current Business Affairs

In  2020, it was announced that financial stimulus worth some US$70bn would be rolled out by the government to reduce the cost of doing the businessin country.   supporting small businesses, and accelerating the implementation of major government infrastructure projects. this dependency has been reduced by a focus on creating a diversified economy, and through the integration of a strong liberal trade policy, attracting foreign trade and investments. Currently, there are 45 Free Trade Zones (FTZs) in the UAE, the majority of which are in Dubai. Dubai has implemented a 'One Free Zone Passport' that allows companies to operate across Dubai's 24 FTZs with one just licence. Currently, the UAE does not have a federal corporate income tax (CIT) regime  Expo 2020 will run for six months from 1 October 2021 to 31 March 2022. Through the theme of Connecting Minds, Creating the Future, World Expo shall inspire people by showcasing the best examples of collaboration, in...
2 comments
read more »