Mr Erdogan’s erratic moves earned him many detractors. Murad Sezer / Reuters
Mr Erdogan’s erratic moves earned him many detractors. Murad Sezer / Reuters
Mr Erdogan’s erratic moves earned him many detractors. Murad Sezer / Reuters
Mr Erdogan’s erratic moves earned him many detractors. Murad Sezer / Reuters

Erdogan might get a second chance, but AKP’s future is bleak


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Most analysts laid most of the blame for the AKP’s poor results in Turkey’s parliamentary elections on president Recep Tayyip Erdogan, wrote Abdul Wahhab Badrakhan in the London-based newspaper Al Hayat.

They didn’t blame the party or the government, he added. For, it was Mr Erdogan, formerly a pillar of the AKP’s popularity, who became the cause of its decline. Though it won the most seats in parliament, it was still not enough to form a government.

The electoral test came at a bad time for Mr Erdogan, who has not completed even the first year of his seven-year presidential term. The AKP has had many achievements in the past 13 years, but Mr Erdogan’s erratic moves earned him many detractors, Badrakhan said.

But the fact that the party won the most seats means that nearly half the electorate still bet on the AKP, though a significant number of voters also wanted to warn the president against arrogance.

If anything, the poll results revealed that the electorate wanted the ruling party to stay in government so long as it modifies its modus operandi. This would mean checks and balances, including the aspiration to expand the president’s executive powers, no cover ups with regard to corruption allegations involving some AKP members and attempts to undermine the secular system. The traditional opposition, which is secular and nationalist, also blames the party for abandoning the attempt to join the European Union, the rash decision to support Egypt’s Muslim Brotherhood and the involvement in Syria, Badrakhan noted.

Although analysts admit that the pro-Kurdish Peoples’ Democratic Party (HDP) played a role in the AKP’s fall, they argued that this was inevitable as the Kurds could be expected to vote for a party that supports their cause. It was unlikely that they would do otherwise even though Mr Erdogan was the first politician to allow the party to take part in the political process and to dare to address the Kurdish issue.

Badrakhan went on to say that, for about a century, Turkey’s Kurds were looking for recognition. Now, thanks to the elections, that recognition has become a reality. Had president Erdogan not stopped half way through the settlement process, the election might have ended differently. The Kurds, after the election, have become a lobby. Although the HDP attracted many voters who wanted to thwart the efforts to move to the presidential system, it is cognisant of a basic fact: that fulfilling the Kurds’ demands is dependent on Mr Erdogan because there is no other leader who can make a deal with them.

All the signs point to a snap election, but rushing to it could bring even more dissatisfaction with the AKP to the fore.

Instead, Badrakhan suggested that the two available options must be exhausted: a coalition government, which only seems possible with the Kurdish party, or a minority government that functions as best as it can until the need for early elections becomes clear.

Writing for the Jordan-based daily Addustour, Oraib Al Rantawi argued that it is difficult to believe that president Erdogan was forced to admit electoral defeat. But soon enough, he probably overcame the shock and started to read summaries analysing the election results as just a “setback”.

Mr Erdogan is the kind of a leader who does not accept defeat easily. So he is certainly gearing up for one of his fiercest counter-attacks, the kind for which he is famous.

It’s true that he took four days – of silence – to accept the election results. And yes, he called on the parties to enter into a coalition government for the greater good and without thought to partisan politics. But many observers are on tenterhooks wondering what he is up to, said Al Rantawi. The president could ask the prime minister, Ahmet Davutoglu, to form a new government despite the defeat suffered by the AKP under his uncharismatic leadership. But the question is, will cross-party talks reflect serious efforts for the common good? Or will they be a sham to show the people that the AKP is observing both the formalities and the rules of democracy?

If the Turkish opposition rejects the AKP’s terms for forming a government, the president is unlikely to ask the second-biggest party, the Republican People’s Party, to form a government, given the mutual mistrust and the AKP’s fear that embarrassing “cases” involving the party, the role in Syria and ties with the Muslim Brotherhood might be opened.

If the opposition forms a government, Mr Erdogan’s political career will hang in the balance (some say the elections have already meant that he is finished as a leader).

Early elections might be Mr Erdogan’s last chance to stay in power. But there are no guarantees that the results would be any better than this time round and that the AKP would get to govern on its own, let alone increasing the president’s powers.

* Translated by Abdelhafid Ezzouitni

aezzouitni@thenational.ae

Moonfall

Director: Rolan Emmerich

Stars: Patrick Wilson, Halle Berry

Rating: 3/5

How green is the expo nursery?

Some 400,000 shrubs and 13,000 trees in the on-site nursery

An additional 450,000 shrubs and 4,000 trees to be delivered in the months leading up to the expo

Ghaf, date palm, acacia arabica, acacia tortilis, vitex or sage, techoma and the salvadora are just some heat tolerant native plants in the nursery

Approximately 340 species of shrubs and trees selected for diverse landscape

The nursery team works exclusively with organic fertilisers and pesticides

All shrubs and trees supplied by Dubai Municipality

Most sourced from farms, nurseries across the country

Plants and trees are re-potted when they arrive at nursery to give them room to grow

Some mature trees are in open areas or planted within the expo site

Green waste is recycled as compost

Treated sewage effluent supplied by Dubai Municipality is used to meet the majority of the nursery’s irrigation needs

Construction workforce peaked at 40,000 workers

About 65,000 people have signed up to volunteer

Main themes of expo is  ‘Connecting Minds, Creating the Future’ and three subthemes of opportunity, mobility and sustainability.

Expo 2020 Dubai to open in October 2020 and run for six months

TRAP

Starring: Josh Hartnett, Saleka Shyamalan, Ariel Donaghue

Director: M Night Shyamalan

Rating: 3/5

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.

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.”

Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

Scores

Oman 109-3 in 18.4 overs (Aqib Ilyas 45 not out, Aamir Kaleem 27) beat UAE 108-9 in 20 overs (Usman 27, Mustafa 24, Fayyaz 3-16, Bilal 3-23)

Blue%20Beetle
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Angel%20Manuel%20Soto%3Cbr%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3EXolo%20Mariduena%2C%20Adriana%20Barraza%2C%20Damian%20Alcazar%2C%20Raoul%20Max%20Trujillo%2C%20Susan%20Sarandon%2C%20George%20Lopez%3Cbr%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E4%2F5%C2%A0%3C%2Fp%3E%0A
The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

Roger Federer's 2018 record

Australian Open Champion

Rotterdam Champion

Indian Wells Runner-up

Miami Second round

Stuttgart Champion

Halle Runner-up

Wimbledon Quarter-finals

Cincinnati Runner-up

US Open Fourth round

Shanghai Semi-finals

Basel Champion

Paris Masters Semi-finals

 

 

The specs: 2018 Nissan Patrol Nismo

Price: base / as tested: Dh382,000

Engine: 5.6-litre V8

Gearbox: Seven-speed automatic

Power: 428hp @ 5,800rpm

Torque: 560Nm @ 3,600rpm

Fuel economy, combined: 12.7L / 100km

New UK refugee system

 

  • A new “core protection” for refugees moving from permanent to a more basic, temporary protection
  • Shortened leave to remain - refugees will receive 30 months instead of five years
  • A longer path to settlement with no indefinite settled status until a refugee has spent 20 years in Britain
  • To encourage refugees to integrate the government will encourage them to out of the core protection route wherever possible.
  • Under core protection there will be no automatic right to family reunion
  • Refugees will have a reduced right to public funds
GIANT REVIEW

Starring: Amir El-Masry, Pierce Brosnan

Director: Athale

Rating: 4/5

What is blockchain?

Blockchain is a form of distributed ledger technology, a digital system in which data is recorded across multiple places at the same time. Unlike traditional databases, DLTs have no central administrator or centralised data storage. They are transparent because the data is visible and, because they are automatically replicated and impossible to be tampered with, they are secure.

The main difference between blockchain and other forms of DLT is the way data is stored as ‘blocks’ – new transactions are added to the existing ‘chain’ of past transactions, hence the name ‘blockchain’. It is impossible to delete or modify information on the chain due to the replication of blocks across various locations.

Blockchain is mostly associated with cryptocurrency Bitcoin. Due to the inability to tamper with transactions, advocates say this makes the currency more secure and safer than traditional systems. It is maintained by a network of people referred to as ‘miners’, who receive rewards for solving complex mathematical equations that enable transactions to go through.

However, one of the major problems that has come to light has been the presence of illicit material buried in the Bitcoin blockchain, linking it to the dark web.

Other blockchain platforms can offer things like smart contracts, which are automatically implemented when specific conditions from all interested parties are reached, cutting the time involved and the risk of mistakes. Another use could be storing medical records, as patients can be confident their information cannot be changed. The technology can also be used in supply chains, voting and has the potential to used for storing property records.

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

Read part two: how climate change drove the race for an alternative