A giant Turkish Cypriot flag embossed on a mountain overlooking Nicosia and southern Cyprus. The words next to it read 'How happy is the one who says "I am a Turk"'. The National
A giant Turkish Cypriot flag embossed on a mountain overlooking Nicosia and southern Cyprus. The words next to it read 'How happy is the one who says "I am a Turk"'. The National
A giant Turkish Cypriot flag embossed on a mountain overlooking Nicosia and southern Cyprus. The words next to it read 'How happy is the one who says "I am a Turk"'. The National
A giant Turkish Cypriot flag embossed on a mountain overlooking Nicosia and southern Cyprus. The words next to it read 'How happy is the one who says "I am a Turk"'. The National


Why Turkey and Greece are at it again


  • English
  • Arabic

September 20, 2021

It’s easy to tell summer has ended because bickering between Turkey and Greece, the Montagues and Capulets of southeastern Europe, have flared anew following a tacit truce in time for both countries' tourist season.

Greek Foreign Minister Nikos Dendias last week attended the opening of the Byzantine and Christian Museum and took the opportunity to denounce Greece’s rival. “We expect Turkey to change its neo-Ottoman policy… [and] respect the monuments that other robust spiritual civilizations erected in its territory,” he said, referring to Turkey’s 2020 re-conversion of Istanbul’s iconic Hagia Sophia back into a mosque.

For the Greek Orthodox Church, followed by 90 per cent of Greeks, that move was a crushing blow. The Byzantines built Hagia Sophia in 537 as the church’s patriarchal cathedral, before the conquering Ottomans converted it into a mosque in 1453, and Turkey’s founder Mustafa Kemal Ataturk made it a museum in the 1930s.

An upstart major general during the Turkish War of Independence, Kemal rallied nationalist sentiment and built a fierce Turkish army from Ottoman troops scattered across Anatolia at the end of the First World War. A century ago this month, he led the Turkish battalion that clashed with, and ultimately beat back, a Greek force led by King Constantine I along the river Sakarya, outside Ankara.

The domes of the Hagia Sophia. Alamy
The domes of the Hagia Sophia. Alamy

Turkish President Recep Tayyip Erdogan marked the centennial of the crucial Sakarya victory last week, and, to little surprise, saw fit to criticise Greece. “This episode in our history also showed us the true face of our enemy, who torched and destroyed everything in their path as they retreated from Sakarya,” he said.

Mud-slinging between Turkish and Greek leaders goes back at least a millennia and a half, to the 6th century. After meeting top officials in Constantinople, Tardus, head of the Turkic Khaganate, accused the Byzantines of “speaking with ten tongues and lying with all of them”. But Sakarya helped usher in the only extended period of Turkish-Greek amity in modern times.

Greece capitulated a year later, and the Treaty of Lausanne delineated the countries’ borders and a massive population exchange. Hundreds of thousands of Muslim Turks in Greece and Greek Christians in Turkey moved across the Aegean Sea – a dark coda that also marked the two as equals.

In the 1930s, the neighbours agreed to trade and navigation rights, made a pact of cordial friendship and signed a mutual defence treaty with regional allies. During the Second World War, Turkey ferried food aid to Greeks facing a famine under Axis occupation. Both countries fought in the Korean War and in 1952 they were welcomed together into Nato. That same year, King Paul became the first Greek monarch to visit Turkey, and Turkish president Celal Bayar returned the favour. In 1953, Turkey, Greece and Yugoslavia signed a defence pact to deter Soviet expansion.

All seemed peachy, but beneath the surface, dark forces were headed for collision. Greek Cypriots had quietly moved toward an armed struggle for union with Greece, also known as enosis. In 1954, Athens urged the UN to demand self-determination for Cyprus, spurring a nationalist response in Turkey, notably the creation of the “Cyprus is Turkish” association.

The Turkish state had been pressurising its ethnic Greek citizens domestically for years. In 1932, the Turkish Parliament barred Turkey's Greeks — more than 100,000 had been exempted from the exchange — from dozens of top occupations, including medicine, law and carpentry. A decade later, the Turkish state levied a wealth tax on non-Muslim minorities that many saw as targeting Greek businesses. Around this time, Greece instituted a nationality code under which a non-Greek, such as one of the 100,000 Turkish Muslims in Western Thrace, who left the country with no intention of return could be deprived of citizenship.

  • Greek warships take part in military exercises in Eastern Mediterranean sea, as tensions rise with Turkey over the waters. Greek Defense Ministry/AP
    Greek warships take part in military exercises in Eastern Mediterranean sea, as tensions rise with Turkey over the waters. Greek Defense Ministry/AP
  • The Greek air force joined the exercises. Greek Defense Ministry/AP
    The Greek air force joined the exercises. Greek Defense Ministry/AP
  • The Tonnerre is escorted by Greek and French military vessels. Greek National Defence/AP)
    The Tonnerre is escorted by Greek and French military vessels. Greek National Defence/AP)
  • The French Tonnerre helicopter carrier, rear left, is escorted by Greek and French military vessels during a maritime exercise in the Eastern Mediterranean, where Greek and Turkish warships are also closely shadowing each other. (Greek National Defence/AP)
    The French Tonnerre helicopter carrier, rear left, is escorted by Greek and French military vessels during a maritime exercise in the Eastern Mediterranean, where Greek and Turkish warships are also closely shadowing each other. (Greek National Defence/AP)
  • The Turkish seismic research vessel 'Oruc Reis' heading west of Antalya in the Mediterranean Sea. Turkish Defence Ministry/AFP
    The Turkish seismic research vessel 'Oruc Reis' heading west of Antalya in the Mediterranean Sea. Turkish Defence Ministry/AFP
  • Tension are high between Greece and Turkey, over the 'Oruc-Reis' and its mission in the eastern Mediterranean. IHA via AP
    Tension are high between Greece and Turkey, over the 'Oruc-Reis' and its mission in the eastern Mediterranean. IHA via AP
  • Turkey’s claims to the waters, which it says are on its continental shelf, have repeatedly been dismissed as illegal by Greece and its allies. Turkish Defence Ministry/AFP
    Turkey’s claims to the waters, which it says are on its continental shelf, have repeatedly been dismissed as illegal by Greece and its allies. Turkish Defence Ministry/AFP
  • Turkish ships accompany the 'Oruc Reis,' a seismic research vessel. Turkish Defence Ministry/AFP
    Turkish ships accompany the 'Oruc Reis,' a seismic research vessel. Turkish Defence Ministry/AFP
  • Turkish President Recep Tayyip Erdogan has called for dialogue while still pushing ahead with a Mediterranean gas development plan that has outraged Greece. AFP
    Turkish President Recep Tayyip Erdogan has called for dialogue while still pushing ahead with a Mediterranean gas development plan that has outraged Greece. AFP
  • Greek Prime Minister Kyriakos Mitsotakis warned of the potential for a mishap with Greek and Turkish navies both in the area.. EPA
    Greek Prime Minister Kyriakos Mitsotakis warned of the potential for a mishap with Greek and Turkish navies both in the area.. EPA
  • France will strengthen its military presence in the eastern Mediterranean. Reuters
    France will strengthen its military presence in the eastern Mediterranean. Reuters

By the summer of 1955, Turkish newspapers were accusing the Ecumenical Patriarch of Constantinople of collecting donations for enosis, and threatening to punish Istanbul Greeks in response. After rumours spread of a Greek bomb attack on the Turkish consulate in Thessaloniki — the childhood home of Ataturk, where a Turkish staffer had in reality planted a bomb — a Turkish mob embarked on a 10-hour, overnight rampage against the Greek community of Istanbul’s Beyoglu district. Armenians and Jews were also assaulted, more than a dozen people died and hundreds of shops were destroyed by fire and rioting.

The pogrom accelerated the Greek exodus from Turkey — from 70,000 in 1950 to as few as 3000 today — and turned the budding friends into bitter foes. In 1971, Turkey shuttered Istanbul’s Halki Seminary, the only place in the country where Orthodox clergymen could be educated. Three years later, the Turkish military invaded Cyprus to head off a coup, resulting in the division that stands today: an EU-member Republic of Cyprus in the south topped by the Turkish Republic of Northern Cyprus, recognised only by Ankara.

A Greco-Turkish war loomed in 1987, and again in 1995, both times due to Aegean island disputes. Violations of each other’s airspace became a daily occurrence, alongside the near-constant exchange of threats and warnings. When a Greek naval vessel stopped at the Greek island of Kastellorizo off the Turkish coast in August 2020, Ankara scrambled attack helicopters, putting the two sides on the brink of war yet again.

As with a long-bickering couple, when one issue pops up, a whole stew of disputes rise to the surface. Religious differences bleed into Cyprus, which touches on hydrocarbons and maritime rights, which in turn speak to territorial claims, border security and continental shelves. The issues that divide Turkey and Greece — including refugees and migration; border controls and sovereignty; international alliances and the quest for energy resources — are among the issues most crucial to the EU. Even so, the rivals have held more than 60 rounds of talks over the past two decades, yet are unable to even agree on what to discuss.

Neither side is likely to back down soon, if military confidence is any indication. Turkey is preparing to launch its first domestically-produced aircraft carrier, to pair with its fleet of advanced, and accomplished, drones. Greece has moved to modernise its navy, signing major defence deals with Israel and other regional allies. And in April, the Greek air force held joint exercises with many of these same countries.

Yet another opportunity arrives this week, with the UN General Assembly. Mr Dendias will be in New York and has scheduled a dozen meetings, though none with top Turkish officials. Erdogan is also expected, but his focus will be on presenting his new book, A More Just World Is Possible, which outlines fixes for the broken international system.

Expect the squabbling to continue for the foreseeable future. At least until the next game-changing episode, Athens and Ankara are going to keep giving each other the side-eye.

Muslim Council of Elders condemns terrorism on religious sites

The Muslim Council of Elders has strongly condemned the criminal attacks on religious sites in Britain.

It firmly rejected “acts of terrorism, which constitute a flagrant violation of the sanctity of houses of worship”.

“Attacking places of worship is a form of terrorism and extremism that threatens peace and stability within societies,” it said.

The council also warned against the rise of hate speech, racism, extremism and Islamophobia. It urged the international community to join efforts to promote tolerance and peaceful coexistence.

How Tesla’s price correction has hit fund managers

Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.

It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.

The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.

Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.

Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.

He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.

AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”

A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.

Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.

Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.

Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.

By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.

Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.

In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”

Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.

She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.

Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.

The White Lotus: Season three

Creator: Mike White

Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell

Rating: 4.5/5

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The specs

Engine: 2.0-litre 4-cyl

Power: 153hp at 6,000rpm

Torque: 200Nm at 4,000rpm

Transmission: 6-speed auto

Price: Dh99,000

On sale: now

Indoor Cricket World Cup Dubai 2017

Venue Insportz, Dubai; Admission Free

Fixtures - Open Men 2pm: India v New Zealand, Malaysia v UAE, Singapore v South Africa, Sri Lanka v England; 8pm: Australia v Singapore, India v Sri Lanka, England v Malaysia, New Zealand v South Africa

Fixtures - Open Women Noon: New Zealand v England, UAE v Australia; 6pm: England v South Africa, New Zealand v Australia

Ferrari 12Cilindri specs

Engine: naturally aspirated 6.5-liter V12

Power: 819hp

Torque: 678Nm at 7,250rpm

Price: From Dh1,700,000

Available: Now

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How much do leading UAE’s UK curriculum schools charge for Year 6?
  1. Nord Anglia International School (Dubai) – Dh85,032
  2. Kings School Al Barsha (Dubai) – Dh71,905
  3. Brighton College Abu Dhabi - Dh68,560
  4. Jumeirah English Speaking School (Dubai) – Dh59,728
  5. Gems Wellington International School – Dubai Branch – Dh58,488
  6. The British School Al Khubairat (Abu Dhabi) - Dh54,170
  7. Dubai English Speaking School – Dh51,269

*Annual tuition fees covering the 2024/2025 academic year

BOSH!'s pantry essentials

Nutritional yeast

This is Firth's pick and an ingredient he says, "gives you an instant cheesy flavour". He advises making your own cream cheese with it or simply using it to whip up a mac and cheese or wholesome lasagne. It's available in organic and specialist grocery stores across the UAE.

Seeds

"We've got a big jar of mixed seeds in our kitchen," Theasby explains. "That's what you use to make a bolognese or pie or salad: just grab a handful of seeds and sprinkle them over the top. It's a really good way to make sure you're getting your omegas."

Umami flavours

"I could say soya sauce, but I'll say all umami-makers and have them in the same batch," says Firth. He suggests having items such as Marmite, balsamic vinegar and other general, dark, umami-tasting products in your cupboard "to make your bolognese a little bit more 'umptious'".

Onions and garlic

"If you've got them, you can cook basically anything from that base," says Theasby. "These ingredients are so prevalent in every world cuisine and if you've got them in your cupboard, then you know you've got the foundation of a really nice meal."

Your grain of choice

Whether rice, quinoa, pasta or buckwheat, Firth advises always having a stock of your favourite grains in the cupboard. "That you, you have an instant meal and all you have to do is just chuck a bit of veg in."

Virtual banks explained

What is a virtual bank?

The Hong Kong Monetary Authority defines it as a bank that delivers services through the internet or other electronic channels instead of physical branches. That means not only facilitating payments but accepting deposits and making loans, just like traditional ones. Other terms used interchangeably include digital or digital-only banks or neobanks. By contrast, so-called digital wallets or e-wallets such as Apple Pay, PayPal or Google Pay usually serve as intermediaries between a consumer’s traditional account or credit card and a merchant, usually via a smartphone or computer.

What’s the draw in Asia?

Hundreds of millions of people under-served by traditional institutions, for one thing. In China, India and elsewhere, digital wallets such as Alipay, WeChat Pay and Paytm have already become ubiquitous, offering millions of people an easy way to store and spend their money via mobile phone. Indonesia, Vietnam and the Philippines are also among the world’s biggest under-banked countries; together they have almost half a billion people.

Is Hong Kong short of banks?

No, but the city is among the most cash-reliant major economies, leaving room for newcomers to disrupt the entrenched industry. Ant Financial, an Alibaba Group Holding affiliate that runs Alipay and MYBank, and Tencent Holdings, the company behind WeBank and WeChat Pay, are among the owners of the eight ventures licensed to create virtual banks in Hong Kong, with operations expected to start as early as the end of the year. 

Emergency

Director: Kangana Ranaut

Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry 

Rating: 2/5

Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
  • Option 2: 50% across three years
  • Option 3: 30% across five years 
UAE currency: the story behind the money in your pockets
Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

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”.

DUBAI WORLD CUP CARNIVAL CARD

6.30pm Handicap US$135,000 (Turf) 2,410m

7.05pm UAE 1000 Guineas Listed $250,000 (Dirt) 1,600m

7.40pm Dubai Dash Listed $175,000 (T) 1,000m

8.15pm Al Bastakiya Trial Conditions $100,000 (D) 1.900m

8.50pm Al Fahidi Fort Group Two $250,000 (T) 1,400m

9.25pm Handicap $135,000 (D) 2,000m

 

The National selections

6.30pm: Gifts Of Gold

7.05pm Final Song

7.40pm Equilateral

8.15pm Dark Of Night

8.50pm Mythical Magic

9.25pm Franz Kafka

MATCH INFO

Chelsea 0

Liverpool 2 (Mane 50', 54')

Red card: Andreas Christensen (Chelsea)

Man of the match: Sadio Mane (Liverpool)

FA CUP FINAL

Manchester City 6
(D Silva 26', Sterling 38', 81', 87', De Bruyne 61', Jesus 68')

Watford 0

Man of the match: Bernardo Silva (Manchester City)

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
Updated: September 20, 2021, 9:53 AM