Emre Uslu is an academic and newspaper columnist who took on Turkey’s prime minister, Recep Tayyip Erdogan, and lost.
Despite nearly a year of opposition protests and allegations of corruption levelled by critics such as Mr Uslu, Turkey’s ruling Justice and Development Party (AKP) won nearly 46 per cent of the vote in local elections on Sunday, a triumph for Mr Erdogan.
Currently in Brussels, Mr Uslu is now unsure about returning to Turkey after the prime minister vowed in his victory speech to crack down on opposition.
“Those who managed could flee. More can flee tomorrow,” Mr Erdogan said. “I have filed criminal complaints about some of them ... As I have said, from now on, we’ll walk into their dens. They will pay for this. How can you threaten our national security? Syria is in a state of war with us.”
Though he was not specifically named in the speech, Mr Uslu, a former counterterrorism police officer, said Mr Erdogan appeared to be connecting him to a leaked audio recording of senior officials allegedly discussing military intervention in Syria. The leak was described as espionage by Mr Erdogan’s government and YouTube was blocked in Turkey after it was used to release the recording.
“They are trying to build a case to use as a political campaign,” Mr Uslu said. “I am one of the figures they can target.”
In the run-up to the elections, Mr Erdogan blamed the release of other secretly recorded conversations and a wide-ranging corruption investigation directed at him and his allies on the Gulen movement, an influential fraternity of businesses, NGOs and media outlets.
The Gulen movement is also powerful within Turkey’s police and bureaucracy, making it uniquely capable of shaking Mr Erdogan’s grip on power.
Members of the movement claim to draw influence from a US-based Turkish preacher named Fethullah Gulen, against whom Mr Erdogan lashed out at repeatedly while campaigning.
Mr Uslu writes for two newspapers seen as affiliated with the Gulen movement, but said he was not a member.
On Saturday, lawyers for Mr Erdogan filed lawsuits against five men including Mr Uslu for insulting him on social media.
Mr Uslu said Mr Erdogan’s lawyers also requested he be prevented from travelling.
“This is part of a harassment campaign,” said Orhan Kemal Cengiz, a human-rights lawyer and columnist for Zaman, a Gulen-affiliated newspaper that Mr Uslu also writes for. “[Mr Erdogan is] using this discourse, but there are no arrests. But by using this discourse more than 10,000 police officers were removed from their offices, using this discourse he sent away many judges and prosectors.”
Following the launch of the corruption probe in November, Mr Erdogan hit back by firing or reassigning thousands of police officers and seeking increased control over the judiciary.
By implying that Mr Uslu is connected to the leaked recording, Mr Erdogan appears to be advancing a war of public perception ahead of presidential elections in August and parliamentary elections next year.
Internal AKP rules prevent Mr Erdogan from a fourth term as prime minister and he is likely to run for president in a bid to retain power, something the Gulen movement appears to see as an existential threat.
“The real influence of the Gulen movement is not their popular vote, which is perhaps one or two per cent,” said Sinan Ulgen, a Turkey expert with the Carnegie Endowment for International Peace. “They have an importance through their positions in the Turkish administration and through their strength in the media.”
With the local elections showing Mr Erdogan’s continued popularity, the combative prime minister is expected to renew his crackdown on opposition, with Mr Uslu among his first targets.
“It was not that I am afraid of Erdogan’s lawyers … What scared me was Erdogan’s speech...” Mr Uslu said.
“They are connecting me with this case because I am a former police officer. I am still well connected with the police, some of the policemen they fired are my friends.”
He was not expecting to be gone from Turkey for long when he travelled to Brussels on March 1 to conduct academic research on the Turkish diaspora. He had been fired from his job at a private university in September after what he claimed was government pressure. Now, he is realising that he might be away from home longer.
An intense government crackdown on the Gulen movement is coming, he said. “[Mr Erdogan’s] priority is on economic sources of the Gulen movement.”
Mr Uslu also admitted being surprised by the scale of Mr Erdogan’s victory in the elections. In 2009 local elections, the AKP only received about 39 per cent of the vote.
“I thought the Turkish people would say no to his oppressions, his pressure,” Mr Uslu said.
With the presidential election approaching, it appears likely that Mr Erdogan will keep up his aggressive tactics.
“Erdogan feels vindicated by his strategy of polarisation, which enabled him to consolidate a large block of support,” said Mr Ulgen.
“We’ve just entered the election cycle. There’s no real reason for him to change his winning strategy.”
jvela@thenational.ae
UAE Premiership
Results
Dubai Exiles 24-28 Jebel Ali Dragons
Abu Dhabi Harlequins 43-27 Dubai Hurricanes
Final
Abu Dhabi Harlequins v Jebel Ali Dragons, Friday, March 29, 5pm at The Sevens, Dubai
The specs
Engine: Direct injection 4-cylinder 1.4-litre
Power: 150hp
Torque: 250Nm
Price: From Dh139,000
On sale: Now
LEADERBOARD
%3Cp%3E-19%20T%20Fleetwood%20(Eng)%3B%20-18%20R%20McIlroy%20(NI)%2C%20T%20Lawrence%20(SA)%3B%20-16%20J%20Smith%3B%20-15%20F%20Molinari%20(Ita)%3B%20-14%20Z%20Lombard%20(SA)%2C%20S%20Crocker%20(US)%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ESelected%3A%20%3C%2Fstrong%3E-11%20A%20Meronk%20(Pol)%3B%20-10%20E%20Ferguson%20(Sco)%3B%20-8%20R%20Fox%20(NZ)%20-7%20L%20Donald%20(Eng)%3B%20-5%20T%20McKibbin%20(NI)%2C%20N%20Hoejgaard%20(Den)%3C%2Fp%3E%0A
Singham Again
Director: Rohit Shetty
Stars: Ajay Devgn, Kareena Kapoor Khan, Ranveer Singh, Akshay Kumar, Tiger Shroff, Deepika Padukone
Rating: 3/5
Analysis
Members of Syria's Alawite minority community face threat in their heartland after one of the deadliest days in country’s recent history. Read more
La Mer lowdown
La Mer beach is open from 10am until midnight, daily, and is located in Jumeirah 1, well after Kite Beach. Some restaurants, like Cupagahwa, are open from 8am for breakfast; most others start at noon. At the time of writing, we noticed that signs for Vicolo, an Italian eatery, and Kaftan, a Turkish restaurant, indicated that these two restaurants will be open soon, most likely this month. Parking is available, as well as a Dh100 all-day valet option or a Dh50 valet service if you’re just stopping by for a few hours.
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3ESmartCrowd%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2018%0D%3Cbr%3E%3Cstrong%3EFounder%3A%20%3C%2Fstrong%3ESiddiq%20Farid%20and%20Musfique%20Ahmed%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%20%2F%20PropTech%0D%3Cbr%3E%3Cstrong%3EInitial%20investment%3A%20%3C%2Fstrong%3E%24650%2C000%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%3C%2Fstrong%3E%2035%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3ESeries%20A%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EVarious%20institutional%20investors%20and%20notable%20angel%20investors%20(500%20MENA%2C%20Shurooq%2C%20Mada%2C%20Seedstar%2C%20Tricap)%3C%2Fp%3E%0A
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
The specs
Engine: 4.0-litre flat-six
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
If you go...
Fly from Dubai or Abu Dhabi to Chiang Mai in Thailand, via Bangkok, before taking a five-hour bus ride across the Laos border to Huay Xai. The land border crossing at Huay Xai is a well-trodden route, meaning entry is swift, though travellers should be aware of visa requirements for both countries.
Flights from Dubai start at Dh4,000 return with Emirates, while Etihad flights from Abu Dhabi start at Dh2,000. Local buses can be booked in Chiang Mai from around Dh50
The specs: 2018 Jeep Compass
Price, base: Dh100,000 (estimate)
Engine: 2.4L four-cylinder
Transmission: Nine-speed automatic
Power: 184bhp at 6,400rpm
Torque: 237Nm at 3,900rpm
Fuel economy, combined: 9.4L / 100km
The specs
Engine: 1.5-litre turbo
Power: 181hp
Torque: 230Nm
Transmission: 6-speed automatic
Starting price: Dh79,000
On sale: Now
Europe’s rearming plan
- Suspend strict budget rules to allow member countries to step up defence spending
- Create new "instrument" providing €150 billion of loans to member countries for defence investment
- Use the existing EU budget to direct more funds towards defence-related investment
- Engage the bloc's European Investment Bank to drop limits on lending to defence firms
- Create a savings and investments union to help companies access capital
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.”