This summer, every day in Turkey seems to bring a new outrage. The latest is the wildfires that have ravaged much of the south in recent days, killing at least six people, threatening an already troubled summer tourist season and destroying some of the country’s most beloved green spaces and coastal areas.
When Turkish Foreign Minister Mevlut Cavusoglu stepped out of his family home in Antalya to defend the government’s response, he was booed, berated and jostled by dozens of angry neighbours who had helplessly watched the fires close in. A student seemed to sum up the mood after he tweeted a video of a wall of flames surging toward Marmaris’s modern resort towers as beach-goers hurriedly gathered their belongings.
“Not a scene from a horror movie,” he said. “This is Turkey.”
A perfect storm of apocalyptic natural disasters, pandemic-driven fears and restrictions, seemingly endless economic troubles and growing government incompetence have left Turkey teetering on the edge and its people at the end of their rope.
The evidence has been right in front of our noses for some time, on Turkish streets and college campuses, on social media, at the ballot box and beyond. But until last week’s release of the annual global emotions survey from leading pollster Gallup, an observer could not be certain that Turks lived with more stress than just about every other citizenry on Earth.
Tied for last place in terms of contentment, or first in terms of dissatisfaction, are Turkey and Lebanon – the only two countries out of more than 140 in which less than half the population finds some joy in their daily lives. And since Lebanon has faced that reality since 2019 and Turkey since 2018, the latter qualifies as the darker place.
The fires almost seem like a physical manifestation of the exasperation in so many Turkish hearts: 44 per cent experience daily anger, according to Gallup, second behind only Iraq. So why are people in countries such as Iran ($12,900 in PPP per capita income) and Bangladesh ($5,200) seemingly happier than people in Turkey ($27,660)?
Start with the muzzling of free speech. Nearly 200 news outlets have been shuttered in recent years, leaving a media landscape in thrall to the ruling Justice and Development Party (AKP). In the second quarter of 2021, journalists went on trial at a rate of 2.5 per day. And the state continues to expand its reach: a fortnight ago, it moved to end foreign funding for media outlets and civil society actors. Speak out on social media and like thousands of others you will be charged with criticising the presidency. Attend a protest and you will be detained.
Maybe it’s best to focus on making and saving money. Good luck with that: five years ago, three Turkish liras were equal to $1; today it’s eight. The pandemic has driven some 1.5 million people into poverty, the World Bank reported, and inflation increased to 17.5 per cent in June, according to the government. The latter estimate is terribly low, says the Inflation Research Group, which puts the number at a wallet-busting 40 per cent.
Turkey’s unemployment rate has hovered around 13-14 per cent for the past two years. But researchers estimate youth unemployment is 40 per cent or higher, which has driven tens of thousands of the best and brightest to seek their fortune in the West.
This helps explain why Turkey topped the Nativism Index in the latest Ipsos survey, highlighting fierce resentment towards the four million refugees, and counting, that have been living in Turkey and snapping up unskilled jobs. But having a job is not much better: according to the International Trade Union Confederation, Turkey is for six years running among the world's 10 lowest-ranked countries for workers on various parameters, including basic rights and paid leave.
Need to blow off some steam? Bars in Turkey were closed for 16 months before reopening six weeks ago. Now they may face another shutdown as Covid-19 cases spike. Late night music is still banned across the country, which has seen a spate of artist suicides.
Turkey’s cultural life is so heavy these days that when the tourism ministry last week released a video promoting a gloriously vibrant Istanbul, Turkish social media users expressed confusion. “It’s so beautiful, I wonder what country this is,” said one. “Is this Turkey in a parallel universe without the AKP?” tweeted pop star Gaye Su Akyol.
In his 2011 autobiography, Istanbul, Turkish novelist and Nobel Laureate Orhan Pamuk wrote of "huzun", a Turkish word he used to explain the city’s melancholy. Its origin is the decline and fall of a great empire, the remnants of which are ubiquitous in the city and across Turkey. This deep spiritual loss occurs at a communal level, he argued: a black mood felt by millions.
In summer, one might think fresh air is the answer. But much of Turkey has faced a severe drought this year, resulting in those ferocious fires, dried up lakes and horrifying images of dead flamingoes. For several weeks this spring, the shorelines of Istanbul and the Marmara region were covered in sea slime. And now comes the news that the Asian tiger mosquito, a highly invasive species that can sting through clothing and carries diseases such as dengue, yellow fever and the West Nile virus, is thriving in Istanbul’s humidity.
Add it all up and Turkish citizens have the sneaking suspicion that their government is not up to the task, whatever that task may be. On Friday, just after Turkey’s Central Bank attached an image of precariously stacked Jenga blocks to a soon-deleted tweet about interest rates, President Recep Tayyip Erdogan conceded that Turkey had no fire-fighting planes of its own and had been forced – as when one runs out of sugar – to borrow from its neighbours.
“The country is not laughing anymore, unfortunately,” exiled Turkish journalist Can Dundar told me last year. “It’s a sad country now.”
Joy always seemed to be baked into the Turkish way of life. In October 1933, in a speech marking 10 years since his founding of the Republic of Turkey, Mustafa Kemal Ataturk declared: “How happy is the one who says ‘I am a Turk’!” In a country driven by nationalism, this proud assertion took root. In the early 1970s, the government added it to an oath for elementary and high school students to recite every morning.
Meant in part to distinguish people of Turkish background from minorities such as Kurds and Armenians, it was not only a nationalist exultation, but also an assertion of ethnic superiority. It was this element that drove the AKP, as part of its peace process with Kurdish militants, to move to put an end to the student oath in 2013.
The Turkish Education Association filed suit to block that move, but eight years later it failed. In March, Turkey’s Council of State removed the oath from students’ daily routine, drawing condemnation not only from the main opposition Republican People’s Party, but also from the AKP’s far-right partner, the Nationalist Movement Party.
Yet, it does seem fitting that the AKP – which seems to abhor good times, counters Ataturk’s western-leaning secularism with anti-western Islamism and may soon disenfranchise millions of Kurdish voters – is the party that took this joyful declaration out of the mouths of Turkish children, just as Turkey emerged as perhaps the least happy place on Earth.
The specs
Engine: 4.0-litre V8 twin-turbocharged and three electric motors
Power: Combined output 920hp
Torque: 730Nm at 4,000-7,000rpm
Transmission: 8-speed dual-clutch automatic
Fuel consumption: 11.2L/100km
On sale: Now, deliveries expected later in 2025
Price: expected to start at Dh1,432,000
Company%20profile
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ENGLAND WORLD CUP SQUAD
Eoin Morgan (captain), Moeen Ali, Jonny Bairstow, Jos Buttler (wicketkeeper), Tom Curran, Joe Denly, Alex Hales, Liam Plunkett, Adil Rashid, Joe Root, Jason Roy, Ben Stokes, David Willey, Chris Woakes, Mark Wood
COMPANY%20PROFILE
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Dubai Bling season three
Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed
Rating: 1/5
Veil (Object Lessons)
Rafia Zakaria
Bloomsbury Academic
COMPANY%20PROFILE
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West Asia Premiership
Dubai Hurricanes 58-10 Dubai Knights Eagles
Dubai Tigers 5-39 Bahrain
Jebel Ali Dragons 16-56 Abu Dhabi Harlequins
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
POWERWASH%20SIMULATOR
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CHINESE GRAND PRIX STARTING GRID
1st row
Sebastian Vettel (Ferrari)
Kimi Raikkonen (Ferrari)
2nd row
Valtteri Bottas (Mercedes-GP)
Lewis Hamilton (Mercedes-GP)
3rd row
Max Verstappen (Red Bull Racing)
Daniel Ricciardo (Red Bull Racing)
4th row
Nico Hulkenberg (Renault)
Sergio Perez (Force India)
5th row
Carlos Sainz Jr (Renault)
Romain Grosjean (Haas)
6th row
Kevin Magnussen (Haas)
Esteban Ocon (Force India)
7th row
Fernando Alonso (McLaren)
Stoffel Vandoorne (McLaren)
8th row
Brendon Hartley (Toro Rosso)
Sergey Sirotkin (Williams)
9th row
Pierre Gasly (Toro Rosso)
Lance Stroll (Williams)
10th row
Charles Leclerc (Sauber)
arcus Ericsson (Sauber)
Results
Stage seven
1. Tadej Pogacar (SLO) UAE Team Emirates, in 3:20:24
2. Adam Yates (GBR) Ineos Grenadiers, at 1s
3. Pello Bilbao (ESP) Bahrain-Victorious, at 5s
General Classification
1. Tadej Pogacar (SLO) UAE Team Emirates, in 25:38:16
2. Adam Yates (GBR) Ineos Grenadiers, at 22s
3. Pello Bilbao (ESP) Bahrain-Victorious, at 48s
The%20Mandalorian%20season%203%20episode%201
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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.”
The biog
Hobby: Playing piano and drawing patterns
Best book: Awaken the Giant Within by Tony Robbins
Food of choice: Sushi
Favourite colour: Orange
GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 8-speed auto
Fuel consumption: 9.1L/100km
On sale: Now
Price: From Dh149,900
Married Malala
Malala Yousafzai is enjoying married life, her father said.
The 24-year-old married Pakistan cricket executive Asser Malik last year in a small ceremony in the UK.
Ziauddin Yousafzai told The National his daughter was ‘very happy’ with her husband.
About Proto21
Date started: May 2018
Founder: Pir Arkam
Based: Dubai
Sector: Additive manufacturing (aka, 3D printing)
Staff: 18
Funding: Invested, supported and partnered by Joseph Group
Dengue%20fever%20symptoms
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Seven tips from Emirates NBD
1. Never respond to e-mails, calls or messages asking for account, card or internet banking details
2. Never store a card PIN (personal identification number) in your mobile or in your wallet
3. Ensure online shopping websites are secure and verified before providing card details
4. Change passwords periodically as a precautionary measure
5. Never share authentication data such as passwords, card PINs and OTPs (one-time passwords) with third parties
6. Track bank notifications regarding transaction discrepancies
7. Report lost or stolen debit and credit cards immediately
Mobile phone packages comparison
Dengue%20fever%20symptoms
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SPECS
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