Supporters of Turkish President Recep Tayyip Erdogan outside the AK Party headquarters in Ankara on Sunday. AFP
Supporters of Turkish President Recep Tayyip Erdogan outside the AK Party headquarters in Ankara on Sunday. AFP
Supporters of Turkish President Recep Tayyip Erdogan outside the AK Party headquarters in Ankara on Sunday. AFP
Supporters of Turkish President Recep Tayyip Erdogan outside the AK Party headquarters in Ankara on Sunday. AFP


Erdogan stuns Turkey, and the world, with another triumph


  • English
  • Arabic

May 15, 2023

There was a moment, about 10 weeks ago, when Turkey’s opposition had time to reflect and consider its election strategy. Kemal Kilicdaroglu, head of the main opposition People’s Republican Party (CHP), had made clear to his six-party alliance that he hoped to be its presidential candidate and run against President Recep Tayyip Erdogan.

The mayors of Istanbul and Ankara, Ekrem Imamoglu and Mansur Yavas, both CHP rising stars, had signalled their approval of Mr Kilicdaroglu, the party’s bland but hard-working chief for more than a decade. But the wily, headstrong Meral Aksener, head of the nationalist IYI Party, took a stand.

At an early March press conference, with IYI receiving an impressive 16 per cent support in new polls, she threatened to withdraw from the alliance, saying it was unable to even discuss potential candidates and instead sought to “rubber-stamp” its preferred choice. The opposition, Ms Aksener declared, “has lost its ability to reflect the will of the nation”.

This, understandably, sparked a firestorm. The opposition had splintered and could soon break down completely, Turkish media asserted, viewing Ms Aksener’s challenge as a boon for Mr Erdogan and his governing AKP’s alliance with the far-right MHP.

In reality, Ms Aksener’s challenge gave the opposition a golden opportunity to reassess the electoral landscape and change course. Then, suddenly, that chance was gone. Ms Aksener returned to the fold and Mr Kilicdaroglu was named the candidate before embarking upon a folksy, friendly, West-leaning campaign marked by one particularly viral homemade video.

Supporters of Kemal Kilicdaroglu watch the early exit polls on screen at the Republican People's Party headquarters on Sunday. Getty Images
Supporters of Kemal Kilicdaroglu watch the early exit polls on screen at the Republican People's Party headquarters on Sunday. Getty Images
Here Erdogan is again, if not yet sitting in the winner’s circle, certainly making a reservation

On Sunday, it all came crashing down. In the parliamentary election, the AKP-MHP alliance trounced the opposition. In the presidential election, Mr Erdogan, with 49.5 per cent of votes, topped Mr Kilicdaroglu by just over four points, setting up an unprecedented run-off scheduled for May 28.

These numbers upended most polls and prognostications, and suggest that Ms Aksener was right — the opposition’s choice does seem to have failed to reflect the will of the Turkish people. Meanwhile, western outlets, many of which had been hinting at an Erdogan exit, seemed unable to accept Turkey’s electoral reality.

Late into Monday morning, The New York Times’s lead report made no mention of the AKP’s parliamentary victory, which had been confirmed at 9.30pm New York time the night before, and instead highlighted a “nail-biter”. The Washington Post also ignored the parliamentary result in its main report and talked of a “tight race” on a “knife edge”. Similarly, the Financial Times highlighted how Mr Erdogan had “failed to get 50 per cent”. This is, of course, true. But few pre-election polls had Mr Erdogan getting a majority in the first round, so it’s also a bit of a straw man.

In contrast, a dozen pre-election polls put Mr Kilicdaroglu above or just under 50 per cent. And after Muharram Ince, a former CHP deputy who now leads the Homeland Party, pulled out of the race last week, some saw a clear path for Mr Kilicdaroglu to win in the first round.

Instead, Mr Erdogan extended his 22-year streak of not losing a national vote, again proving himself a singular political performer. Two years ago, I detailed his stunning resilience and wondered how he might bounce back from a politically debilitating economic crisis.

Last month, I expressed near-disbelief that, following Turkey’s devastating earthquakes and extended economic troubles, the race remained tight. Now here Mr Erdogan is again, if not yet sitting in the winner’s circle, certainly making a reservation.

Sure, the deck is stacked in his favour. This election may have been free – and with nearly 90 per cent turnout, impressively so — but the opposition could make a reasonable case that it was not exactly fair to them. Turkey’s media landscape is deeply government-friendly and being president gives Mr Erdogan the tools of the state and the ability to take credit for any significant achievements. And take credit he has done.

Turkish CHP party leader Kemal Kilicdaroglu came second in the first round of voting contrary to polling numbers in the run-up to the election. AP Photo
Turkish CHP party leader Kemal Kilicdaroglu came second in the first round of voting contrary to polling numbers in the run-up to the election. AP Photo

Also, late on Sunday night, Turkey’s opposition accused AKP-linked election observers of manipulating votes. There may well have been some chicanery, but it’s hard to imagine poll watchers being able to alter about two million votes (4 per cent to 5 per cent of the total cast).

Thus, this result is something of a stunner, and must be for the opposition a shocking disappointment. As the final results poured in, Mr Kilicdaroglu vowed to win in the second round, but it is hard to see that happening barring a tectonic shift.

He and Mr Erdogan will now vie for the votes of the third presidential candidate, Sinan Ogan, who took a surprising 5 per cent on Sunday. Mr Ogan heads the ultra-nationalist Ancestral Alliance, which includes Turkey’s most vocal nativist, Umit Ozdag, and his Victory Party.

Mr Kilicdaroglu has repeatedly vowed to send the bulk of Turkey’s three million Syrian refugees back home soon after taking office, so he does align with Mr Ozdag and Mr Ogan on their signature issue. Yet the one certainty about Mr Ogan’s 5 per cent is that those voters are deeply nationalist. Mr Kilicdaroglu may have many fine qualities — by all accounts sincere, competent, reliable, honest — but he does not seem to strike many Turks as a robust nationalist.

In a Monday interview, Mr Ogan said he would only back Mr Kilicdaroglu if he agreed to bar the pro-Kurdish HDP, a CHP ally, from parliament. That is not going to happen, which means the absolute best Mr Kilicdaroglu could do is to grab maybe half of Mr Ogan’s votes, which would still leave him shy of 50 per cent.

After the election, more than two thirds of Turkey’s 600-seat parliament is now controlled by right-wing parties. With the centennial looming in October, Turkish drones making their global mark and Turkey tapping into new sources of energy as it desperately seeks an economic lifeline, this feels like a nationalist moment for Turkey.

And lately, the man in the palace has been the most nationalist of all.

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Our legal consultants

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Nancy 9 (Hassa Beek)

Nancy Ajram

(In2Musica)

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The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

The Programme

Saturday, October 26: ‘The Time That Remains’ (2009) by Elia Suleiman
Saturday, November 2: ‘Beginners’ (2010) by Mike Mills
Saturday, November 16: ‘Finding Vivian Maier’ (2013) by John Maloof and Charlie Siskel
Tuesday, November 26: ‘All the President’s Men’ (1976) by Alan J Pakula
Saturday, December 7: ‘Timbuktu’ (2014) by Abderrahmane Sissako
Saturday, December 21: ‘Rams’ (2015) by Grimur Hakonarson

Illegal%20shipments%20intercepted%20in%20Gulf%20region
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Racecard
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Skoda Superb Specs

Engine: 2-litre TSI petrol

Power: 190hp

Torque: 320Nm

Price: From Dh147,000

Available: Now

Roll of honour

Who has won what so far in the West Asia Premiership season?

Western Clubs Champions League - Winners: Abu Dhabi Harlequins; Runners up: Bahrain

Dubai Rugby Sevens - Winners: Dubai Exiles; Runners up: Jebel Ali Dragons

West Asia Premiership - Winners: Jebel Ali Dragons; Runners up: Abu Dhabi Harlequins

UAE Premiership Cup - Winners: Abu Dhabi Harlequins; Runners up: Dubai Exiles

West Asia Cup - Winners: Bahrain; Runners up: Dubai Exiles

West Asia Trophy - Winners: Dubai Hurricanes; Runners up: DSC Eagles

Final West Asia Premiership standings - 1. Jebel Ali Dragons; 2. Abu Dhabi Harlequins; 3. Bahrain; 4. Dubai Exiles; 5. Dubai Hurricanes; 6. DSC Eagles; 7. Abu Dhabi Saracens

Fixture (UAE Premiership final) - Friday, April 13, Al Ain – Dubai Exiles v Abu Dhabi Harlequins

 

Company%20profile
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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.”

WOMAN AND CHILD

Director: Saeed Roustaee

Starring: Parinaz Izadyar, Payman Maadi

Rating: 4/5

F1 The Movie

Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem

Director: Joseph Kosinski

Rating: 4/5

Milestones on the road to union

1970

October 26: Bahrain withdraws from a proposal to create a federation of nine with the seven Trucial States and Qatar. 

December: Ahmed Al Suwaidi visits New York to discuss potential UN membership.

1971

March 1:  Alex Douglas Hume, Conservative foreign secretary confirms that Britain will leave the Gulf and “strongly supports” the creation of a Union of Arab Emirates.

July 12: Historic meeting at which Sheikh Zayed and Sheikh Rashid make a binding agreement to create what will become the UAE.

July 18: It is announced that the UAE will be formed from six emirates, with a proposed constitution signed. RAK is not yet part of the agreement.

August 6:  The fifth anniversary of Sheikh Zayed becoming Ruler of Abu Dhabi, with official celebrations deferred until later in the year.

August 15: Bahrain becomes independent.

September 3: Qatar becomes independent.

November 23-25: Meeting with Sheikh Zayed and Sheikh Rashid and senior British officials to fix December 2 as date of creation of the UAE.

November 29:  At 5.30pm Iranian forces seize the Greater and Lesser Tunbs by force.

November 30: Despite  a power sharing agreement, Tehran takes full control of Abu Musa. 

November 31: UK officials visit all six participating Emirates to formally end the Trucial States treaties

December 2: 11am, Dubai. New Supreme Council formally elects Sheikh Zayed as President. Treaty of Friendship signed with the UK. 11.30am. Flag raising ceremony at Union House and Al Manhal Palace in Abu Dhabi witnessed by Sheikh Khalifa, then Crown Prince of Abu Dhabi.

December 6: Arab League formally admits the UAE. The first British Ambassador presents his credentials to Sheikh Zayed.

December 9: UAE joins the United Nations.

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While you're here
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Groom and Two Brides

Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5

Updated: May 16, 2023, 6:19 AM