European governments’ support for Israel during the Gaza war means they cannot criticise countries such as Turkey over their human rights records, a senior official from President Recep Tayyip Erdogan’s ruling party told The National.
“Before they criticise Turkey for human rights issues, they should look at themselves,” Fatih Tuna, the Justice and Development Party (AKP)’s Istanbul representative for foreign affairs, told The National.
Mr Tuna’s comments add to the growing sense in Turkey and across the Middle East that European nations who have long championed human rights have lost their credibility because of their perceived support for Israel over the past two years. The upshot is a risk of reduced leverage over countries where Europe is concerned about creeping authoritarianism and human rights violations.
“They've been preaching to the world – showing [themselves] as example countries in human rights, democracy, freedom of speech, expressing yourself,” Mr Tuna said of the European nations. “All those [values] have been killed by themselves.”
Mr Tuna directed his criticism at European governments and not at their populations as a whole, who he said had been “really great” in mustering large-scale pro-Palestine protests.
Before the EU criticises Turkey for human rights issues, they should look at themselves
Fatih Tuna,
AKP
The European Union faced criticism last week when it announced a pause on possible sanctions against Israel, which could have included suspending trade agreements and taking action against people who fuelled the conflict.
Germany and Italy are among Israel’s major arm suppliers. France provides components for weapons, while outside the EU, the US remains the country’s major source of arms.
Refugees in need
European nations’ differing responses to refugees from Syria and Ukraine also shows up double standards in attitudes to people in need, Mr Tuna said.
“When there was a crisis in Ukraine, the whole of Europe, near enough, took all the Ukrainian immigrants,” he said. “Why didn't they do the same thing for Syrians? How many thousands of them died in the Mediterranean Sea?”
The EU has provided Turkey with billions of euros in aid for Syrian refugees, in what many aid workers and analysts have described as an “outsourcing” of migration policy. Over the course of the 13-year civil war, most Syrians fled to surrounding countries including Turkey, Lebanon, Jordan and Iraq, while fewer made it to Europe.
The EU’s loss of credibility in the eyes of Turkish officials comes as the partners continue to negotiate a complex relationship. Turkey has been a candidate for EU membership since 1995 but few observers see it joining the bloc any time soon. Its accession has been blocked over tension with Cyprus, concerns about human rights and the independence of the Turkish judiciary.
“They need to decide what to do with Turkey,” Mr Tuna said. “We're doing everything we can. That's why it's their problem more than our problem.”
The EU – Turkey’s largest trade partner – could benefit from the country’s accession because of a young population and potential to further boost economic integration, he added. The bloc has also been looking to neighbouring countries including Nato ally Turkey to shore up its defences against Russia.
Turkey, whose defence manufacturing industry has grown significantly in recent years, is not looking exclusively to Europe but also to Gulf partners for sales of Turkish weapons. “It's really quite a good export line for us," he said. "Our neighbours are very much interested."
Trump relationship
While Turkish officials, including Mr Tuna, have criticised the EU’s stance on Gaza, Mr Erdogan’s good relationship with US President Donald Trump and Hamas officials allowed Turkey to become a key mediator in a ceasefire being reached this month. The first stage involved an end to the fighting and the release of Israeli hostages held by Hamas. Whether the group will accept the plan's next stages, including its disarmament, has yet to be established.
Mr Trump “stated that he trusts Erdogan. And he also said that Hamas is listening to Mr Erdogan,” Mr Tuna said, when asked whether he believed Mr Trump was relying on his Turkish counterpart to mediate with Hamas.
Mr Tuna, like Mr Erdogan, describes Israel’s actions in Gaza as a genocide. Turkey's once-burgeoning relationship with Israel has nose-dived since the Hamas-led attacks on October 7, 2023 and the subsequent Gaza conflict. The countries halted mutual trade last year, while stopping short of severing diplomatic relations.
Turkish officials are currently involved in negotiations over the country’s role in an international stabilisation force for Gaza. Another key player, Egypt, would like Ankara to be part of that force, although its mandate has not yet been finalised.
Mr Tuna said Turkey “is there to do anything necessary, in any measure we can do”, but the details of Gaza's governance and security cannot be defined until the bloodshed ends. Officials in Gaza say scores of Palestinians have been killed since the ceasefire came into effect, some after two Israeli soldiers were killed in an attack.
“When there is a genocide going on, all other subjects are not on the table,” Mr Tuna said. “That should be stopped and then we can talk about other things.”
Other officials have described the next stages of the ceasefire agreement as among the most difficult. On a trip to Israel last week, US Vice President JD Vance said "we have a very tough task ahead of us" in disarming Hamas and rebuilding Gaza.
Turkish contractors could easily play a part in the war-torn strip's reconstruction, Mr Tuna said.
“Construction of Gaza is not a problem. It's just a financial issue. Regional countries, the world and Turkey are also very capable of doing that at a maximum capacity. Security and the peace have to be provided. The rest is not a problem.”
In Syria, Ankara has gained significant leverage since the downfall of Bashar Al Assad in December 2024. Nuh Yilmaz, a former deputy foreign minister, was last week appointed Turkish ambassador to Damascus, and Ankara has already confirmed it is providing training and support to the new Syrian army.
For Turkey, which shares a 900km border with its southern neighbour, supporting the new government in Damascus is “for their sake and for our sake”, Mr Tuna said.
Ankara is opposed to federal arrangements for Syria, which it fears could empower Kurdish militias in the country’s north-east. It sees them as a direct extension of the Kurdistan Workers’ Party (PKK), a separatist militant group listed as a terrorist organisation by Turkey, the US and the EU.
The group is dissolving itself in Turkey but Syrian affiliates have said the process does not apply to them and are currently in drawn-out negotiations with Damascus over the contours of their integration into the national army.
Syria firstly needs to be united, Mr Tuna said.
“Then they need to sort their justice system, the constitutional system, the military and the police force. We have a long experience to help them.”
The struggle is on for active managers
David Einhorn closed out 2018 with his biggest annual loss ever for the 22-year-old Greenlight Capital.
The firm’s main hedge fund fell 9 per cent in December, extending this year’s decline to 34 percent, according to an investor update viewed by Bloomberg.
Greenlight posted some of the industry’s best returns in its early years, but has stumbled since losing more than 20 per cent in 2015.
Other value-investing managers have also struggled, as a decade of historically low interest rates and the rise of passive investing and quant trading pushed growth stocks past their inexpensive brethren. Three Bays Capital and SPO Partners & Co., which sought to make wagers on undervalued stocks, closed in 2018. Mr Einhorn has repeatedly expressed his frustration with the poor performance this year, while remaining steadfast in his commitment to value investing.
Greenlight, which posted gains only in May and October, underperformed both the broader market and its peers in 2018. The S&P 500 Index dropped 4.4 per cent, including dividends, while the HFRX Global Hedge Fund Index, an early indicator of industry performance, fell 7 per cent through December. 28.
At the start of the year, Greenlight managed $6.3 billion in assets, according to a regulatory filing. By May, the firm was down to $5.5bn.
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UAE currency: the story behind the money in your pockets
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
Sri Lanka-India Test series schedule
- 1st Test India won by 304 runs at Galle
- 2nd Test Thursday-Monday at Colombo
- 3rd Test August 12-16 at Pallekele
If you go
The flights
Emirates and Etihad fly direct to Nairobi, with fares starting from Dh1,695. The resort can be reached from Nairobi via a 35-minute flight from Wilson Airport or Jomo Kenyatta International Airport, or by road, which takes at least three hours.
The rooms
Rooms at Fairmont Mount Kenya range from Dh1,870 per night for a deluxe room to Dh11,000 per night for the William Holden Cottage.
THE SPECS – Honda CR-V Touring AWD
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The specs
Engine: 3.9-litre twin-turbo V8
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COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
Labour dispute
The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
- Abdullah Ishnaneh, Partner, BSA Law
Ferrari 12Cilindri specs
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UAE currency: the story behind the money in your pockets
RESULT
Kolkata Knight Riders 169-7 (20 ovs)
Rajasthan Royals 144-4 (20 ovs)
Kolkata win by 25 runs
Next match
Sunrisers Hyderabad v Kolkata Knight Riders, Friday, 5.30pm
Company%20profile
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Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
Learn more about Qasr Al Hosn
In 2013, The National's History Project went beyond the walls to see what life was like living in Abu Dhabi's fabled fort:
COMPANY%20PROFILE
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Three ways to boost your credit score
Marwan Lutfi says the core fundamentals that drive better payment behaviour and can improve your credit score are:
1. Make sure you make your payments on time;
2. Limit the number of products you borrow on: the more loans and credit cards you have, the more it will affect your credit score;
3. Don't max out all your debts: how much you maximise those credit facilities will have an impact. If you have five credit cards and utilise 90 per cent of that credit, it will negatively affect your score.
Children who witnessed blood bath want to help others
Aged just 11, Khulood Al Najjar’s daughter, Nora, bravely attempted to fight off Philip Spence. Her finger was injured when she put her hand in between the claw hammer and her mother’s head.
As a vital witness, she was forced to relive the ordeal by police who needed to identify the attacker and ensure he was found guilty.
Now aged 16, Nora has decided she wants to dedicate her career to helping other victims of crime.
“It was very horrible for her. She saw her mum, dying, just next to her eyes. But now she just wants to go forward,” said Khulood, speaking about how her eldest daughter was dealing with the trauma of the incident five years ago. “She is saying, 'mama, I want to be a lawyer, I want to help people achieve justice'.”
Khulood’s youngest daughter, Fatima, was seven at the time of the attack and attempted to help paramedics responding to the incident.
“Now she wants to be a maxillofacial doctor,” Khulood said. “She said to me ‘it is because a maxillofacial doctor returned your face, mama’. Now she wants to help people see themselves in the mirror again.”
Khulood’s son, Saeed, was nine in 2014 and slept through the attack. While he did not witness the trauma, this made it more difficult for him to understand what had happened. He has ambitions to become an engineer.
UK’s AI plan
- AI ambassadors such as MIT economist Simon Johnson, Monzo cofounder Tom Blomfield and Google DeepMind’s Raia Hadsell
- £10bn AI growth zone in South Wales to create 5,000 jobs
- £100m of government support for startups building AI hardware products
- £250m to train new AI models
Islamophobia definition
A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.
UAE v Ireland
1st ODI, UAE win by 6 wickets
2nd ODI, January 12
3rd ODI, January 14
4th ODI, January 16
The specs
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J%20Street%20Polling%20Results
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Conflict, drought, famine
Estimates of the number of deaths caused by the famine range from 400,000 to 1 million, according to a document prepared for the UK House of Lords in 2024.
It has been claimed that the policies of the Ethiopian government, which took control after deposing Emperor Haile Selassie in a military-led revolution in 1974, contributed to the scale of the famine.
Dr Miriam Bradley, senior lecturer in humanitarian studies at the University of Manchester, has argued that, by the early 1980s, “several government policies combined to cause, rather than prevent, a famine which lasted from 1983 to 1985. Mengistu’s government imposed Stalinist-model agricultural policies involving forced collectivisation and villagisation [relocation of communities into planned villages].
The West became aware of the catastrophe through a series of BBC News reports by journalist Michael Buerk in October 1984 describing a “biblical famine” and containing graphic images of thousands of people, including children, facing starvation.
Band Aid
Bob Geldof, singer with the Irish rock group The Boomtown Rats, formed Band Aid in response to the horrific images shown in the news broadcasts.
With Midge Ure of the band Ultravox, he wrote the hit charity single Do They Know it’s Christmas in December 1984, featuring a string of high-profile musicians.
Following the single’s success, the idea to stage a rock concert evolved.
Live Aid was a series of simultaneous concerts that took place at Wembley Stadium in London, John F Kennedy Stadium in Philadelphia, the US, and at various other venues across the world.
The combined event was broadcast to an estimated worldwide audience of 1.5 billion.