Israel and Turkey are expected to restore security ties when Defence Minister Benny Gantz visits Ankara, the latest step in a thawing of relations between the two countries.
Mr Gantz on Wednesday announced his departure for Turkey, where he will meet Turkish Defence Minister Hulusi Akar.
It is the first visit to the country by an Israeli defence minister in a decade.
“I look forward to productive discussions on ways to promote security, stability and peace in the Middle East and East-Med [Eastern Mediterranean] regions,” Mr Gantz said.
Mr Akar has yet to comment on the visit.
Israel-Turkey relations have begun to warm after years of strained ties, weakened by President Recep Tayyip Erdogan's strong support of the Palestinian cause.
Diplomatic relations hit an all-time low in 2010 when Israeli commandos killed nine Turkish activists aboard a ship attempting to break a blockade on Gaza.
In 2018, Ankara withdrew its ambassador in protest against the killing of dozens of Palestinians by Israeli soldiers in protests along the Gaza border.
Among topics on the agenda is Turkey's hosting of senior Hamas officials, security sources told Israeli newspaper Haaretz.
“This is a process that will take time and trust needs to be established, but the impression is that the other side is excited as well,” the sources said.
Israel is “not closing the door” on ties with Turkey despite Mr Akar's voting base being “hostile to Israel”, a senior official told public broadcaster Kan.
The official said “frustration” with Iran has also prompted discussions between the two sides.
President Isaac Herzog met Mr Erdogan in Ankara in March, the first state visit by an Israeli head of state to Turkey in 14 years. Turkish Foreign Minister Mevlut Cavusoglu then travelled to Israel in May, meeting Prime Minister Yair Lapid.
Full diplomatic ties between Israel and Turkey were restored in August. Israel's ambassador to Ankara was appointed the following month.
THE SPECS
Engine: Four-cylinder 2.5-litre
Transmission: Seven-speed auto
Power: 165hp
Torque: 241Nm
Price: Dh99,900 to Dh134,000
On sale: now
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Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
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What is an ETF?
An exchange traded fund is a type of investment fund that can be traded quickly and easily, just like stocks and shares. They come with no upfront costs aside from your brokerage's dealing charges and annual fees, which are far lower than on traditional mutual investment funds. Charges are as low as 0.03 per cent on one of the very cheapest (and most popular), Vanguard S&P 500 ETF, with the maximum around 0.75 per cent.
There is no fund manager deciding which stocks and other assets to invest in, instead they passively track their chosen index, country, region or commodity, regardless of whether it goes up or down.
The first ETF was launched as recently as 1993, but the sector boasted $5.78 billion in assets under management at the end of September as inflows hit record highs, according to the latest figures from ETFGI, a leading independent research and consultancy firm.
There are thousands to choose from, with the five largest providers BlackRock’s iShares, Vanguard, State Street Global Advisers, Deutsche Bank X-trackers and Invesco PowerShares.
While the best-known track major indices such as MSCI World, the S&P 500 and FTSE 100, you can also invest in specific countries or regions, large, medium or small companies, government bonds, gold, crude oil, cocoa, water, carbon, cattle, corn futures, currency shifts or even a stock market crash.
Top financial tips for graduates
Araminta Robertson, of the Financially Mint blog, shares her financial advice for university leavers:
1. Build digital or technical skills: After graduation, people can find it extremely hard to find jobs. From programming to digital marketing, your early twenties are for building skills. Future employers will want people with tech skills.
2. Side hustle: At 16, I lived in a village and started teaching online, as well as doing work as a virtual assistant and marketer. There are six skills you can use online: translation; teaching; programming; digital marketing; design and writing. If you master two, you’ll always be able to make money.
3. Networking: Knowing how to make connections is extremely useful. Use LinkedIn to find people who have the job you want, connect and ask to meet for coffee. Ask how they did it and if they know anyone who can help you. I secured quite a few clients this way.
4. Pay yourself first: The minute you receive any income, put about 15 per cent aside into a savings account you won’t touch, to go towards your emergency fund or to start investing. I do 20 per cent. It helped me start saving immediately.
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ESSENTIALS
The flights
Emirates flies direct from Dubai to Rio de Janeiro from Dh7,000 return including taxes. Avianca fliles from Rio to Cusco via Lima from $399 (Dhxx) return including taxes.
The trip
From US$1,830 per deluxe cabin, twin share, for the one-night Spirit of the Water itinerary and US$4,630 per deluxe cabin for the Peruvian Highlands itinerary, inclusive of meals, and beverages. Surcharges apply for some excursions.
