Egypt's President El Sisi visits Turkey for first time since taking power



Turkey wants to form deeper ties in the field of energy production, its President Recep Tayyip Erdogan said on Wednesday as Egypt's President Abdel Fattah El Sisi visited Ankara for the first time since assuming power more than a decade ago.

The visit is part of attempts to rebuild ties damaged by years of political disputes, and follows an official invitation by Mr Erdogan when he visited the Egyptian capital in February. At the time, Mr El Sisi said the visit "turned a new page".

Speaking at a joint press conference with Mr Sisi, Erdogan said the two countries had reaffirmed their will to improve relations in every area, including trade, defence, health, energy, and environmental matters. Ministers from both countries signed a series of agreements ahead of the leaders' statements.

"We will enhance our multifaceted relations in a win-win manner," Mr Erdogan said, Anadolu reported.

"My visit today and that of his excellency Mr Erdogan to Cairo before reflect our common resolve to open a new page of friendship and cooperation between Egypt and Turkey," Mr El Sisi wrote on Facebook on Wednesday.

The two sides will sign as many as 20 agreements related to defence, energy, tourism, health, education and culture, aiming to increase the volume of trade between the two countries to $15 billion from $10 billion, Turkish state media reported. The agenda includes the first meeting of a presidential-level strategic co-operation council between the two countries, a body that was restructured following Mr Erdogan's Cairo trip, the Turkish government's communications directorate said.

"At the council meeting, all aspects of Turkey-Egypt relations will be reviewed, and joint steps that can be taken in the upcoming period to further develop bilateral co-operation will be discussed," the statement said. "On the occasion of the meeting, the signing of various documents aimed at strengthening the contractual basis of relations is also on the agenda."

Major political differences over the past decade have rocked the relationship, although economic ties have remained strong. Trade volume topped $4.9 billion in the first seven months of 2024, according to Turkish Statistical Institute data.

Ties soured following Mr Erdogan’s vigorous opposition to the military-led overthrow in 2013 of an Islamist president backed by Ankara, Mohammed Morsi of the now-banned Muslim Brotherhood. Mr El Sisi, in office since 2014, was the defence minister at the time.

Turkish support for Islamist movements more widely, and general Turkish wariness of rulers brought to power by military takeovers, deepened the distrust between the two nations, and the two countries withdrew their respective ambassadors soon after.

Egypt’s concerns over the presence of Egyptian Muslim Brotherhood exiles in Turkey were slightly alleviated after Ankara took measures to tone down their criticism of the government in Cairo.

Ankara’s wider Africa policy has also been a divisive issue. Turkey’s 2020 military intervention on the side of the Tripoli-based Government of National Accord (GNA) in Libya angered the Egyptian government, which supports Field Marshal Khalifa Haftar, whose power base is in the east of the country. Cairo believes that the presence of foreign troops in the divided North African country undermines its national security, analysts said.

“Libya continues to be a sticking point, but less so now because there haven’t been massive shifts in the power dynamics, and the current situation is not an imminent threat for anybody,” Dareen Khalifa, a senior adviser at the International Crisis Group think tank, told The National.

“Of course if you ask the Egyptians they are going to say that they want all foreign troops out [of Libya] … they are speaking about the Turks when they say they want foreign troops out, and that their presence in Libya is undermining the political process (in Libya) and their border concerns.”

Cairo has also taken umbrage at Ankara’s significant support for Ethiopia, especially in the construction of a major dam on the Nile, which Egypt says threatens its fresh water supply.

The meeting on Wednesday will also include discussion of regional issues, including the war in Gaza, the Turkish government communications directorate said. Egypt has been a key player in continuing efforts to broker a ceasefire deal between Hamas and Israel, and Turkey has been widely critical of the military operations in Gaza that followed Hamas's October 7 attacks.

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The alternatives

• Founded in 2014, Telr is a payment aggregator and gateway with an office in Silicon Oasis. It’s e-commerce entry plan costs Dh349 monthly (plus VAT). QR codes direct customers to an online payment page and merchants can generate payments through messaging apps.

• Business Bay’s Pallapay claims 40,000-plus active merchants who can invoice customers and receive payment by card. Fees range from 1.99 per cent plus Dh1 per transaction depending on payment method and location, such as online or via UAE mobile.

• Tap started in May 2013 in Kuwait, allowing Middle East businesses to bill, accept, receive and make payments online “easier, faster and smoother” via goSell and goCollect. It supports more than 10,000 merchants. Monthly fees range from US$65-100, plus card charges of 2.75-3.75 per cent and Dh1.2 per sale.

2checkout’s “all-in-one payment gateway and merchant account” accepts payments in 200-plus markets for 2.4-3.9 per cent, plus a Dh1.2-Dh1.8 currency conversion charge. The US provider processes online shop and mobile transactions and has 17,000-plus active digital commerce users.

• PayPal is probably the best-known online goods payment method - usually used for eBay purchases -  but can be used to receive funds, providing everyone’s signed up. Costs from 2.9 per cent plus Dh1.2 per transaction.

The specs

The specs: 2019 Audi Q8
Price, base: Dh315,000
Engine: 3.0-litre turbocharged V6
Gearbox: Eight-speed automatic
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Keep it fun and engaging

Stuart Ritchie, director of wealth advice at AES International, says children cannot learn something overnight, so it helps to have a fun routine that keeps them engaged and interested.

“I explain to my daughter that the money I draw from an ATM or the money on my bank card doesn’t just magically appear – it’s money I have earned from my job. I show her how this works by giving her little chores around the house so she can earn pocket money,” says Mr Ritchie.

His daughter is allowed to spend half of her pocket money, while the other half goes into a bank account. When this money hits a certain milestone, Mr Ritchie rewards his daughter with a small lump sum.

He also recommends books that teach the importance of money management for children, such as The Squirrel Manifesto by Ric Edelman and Jean Edelman.

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Updated: September 04, 2024, 9:00 PM