The national flag of Ukraine flies at Stockholm City Hall in Sweden. EPA
The national flag of Ukraine flies at Stockholm City Hall in Sweden. EPA
The national flag of Ukraine flies at Stockholm City Hall in Sweden. EPA
The national flag of Ukraine flies at Stockholm City Hall in Sweden. EPA

Turkey summons Swedish ambassador over Erdogan puppet


Soraya Ebrahimi
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Turkey has summoned Sweden's ambassador to Ankara following a demonstration in Stockholm in which a puppet of President Recep Tayyip Erdogan was hung from its feet, a diplomatic source has said.

Sweden applied to join Nato earlier last year after Russia's invasion of Ukraine and has been courting Turkey to back its bid for accession.

Turkey said it would consider supporting Sweden's application if it takes a clearer stance against what it sees as terrorists — mainly Kurdish militants and the organisation it blames for a 2016 coup attempt.

Finland and Sweden signed a three-way agreement with Turkey in 2022 aimed at overcoming Ankara's objections to their Nato membership.

Staffan Herrstrom, Sweden's ambassador to Turkey, was summoned to the foreign ministry on Thursday and Ankara's reaction was conveyed to him, a Turkish diplomatic source said.

“Our expectation that the perpetrators of the incident need to be identified, the necessary processes be carried out and Sweden uphold its promises was emphasised,” the source said.

A look at the Nato military alliance — in pictures

  • A solemn welcoming ceremony of US soldiers at Adazi military base, Latvia, on February 25, 2022. More than 300 soldiers of the 173rd Air Force Brigade arrived to demonstrate the US commitment to defend Nato allies and strengthen Latvia's defence capabilities following Russia's military operation in Ukraine. EPA
    A solemn welcoming ceremony of US soldiers at Adazi military base, Latvia, on February 25, 2022. More than 300 soldiers of the 173rd Air Force Brigade arrived to demonstrate the US commitment to defend Nato allies and strengthen Latvia's defence capabilities following Russia's military operation in Ukraine. EPA
  • US paratroopers in Ukraine's western Lviv region during a Nato-sponsored training exercise in 2020. AP
    US paratroopers in Ukraine's western Lviv region during a Nato-sponsored training exercise in 2020. AP
  • A US military aircraft takes off at the US Air Base Ramstein, in Landstuhl, Germany, on February 25. US President Joe Biden February 24 authorised the deployment of further armed forces to Germany as part of Nato's response to Russia's military aggression on Ukraine. EPA
    A US military aircraft takes off at the US Air Base Ramstein, in Landstuhl, Germany, on February 25. US President Joe Biden February 24 authorised the deployment of further armed forces to Germany as part of Nato's response to Russia's military aggression on Ukraine. EPA
  • Nato Secretary General Jens Stoltenberg at the alliance's headquarters in Brussels, Belgium, on February 25. EPA
    Nato Secretary General Jens Stoltenberg at the alliance's headquarters in Brussels, Belgium, on February 25. EPA
  • A convoy of British armoured vehicles of the Royal Welsh Battlegroup on the way to Estonia, driving through Liepupe, Latvia, on February 25. British troops and equipment are heading to Estonia as part of the UK's contribution to strengthen Nato's uplift to Eastern Europe. EPA
    A convoy of British armoured vehicles of the Royal Welsh Battlegroup on the way to Estonia, driving through Liepupe, Latvia, on February 25. British troops and equipment are heading to Estonia as part of the UK's contribution to strengthen Nato's uplift to Eastern Europe. EPA
  • Protesters outside a Nato leaders virtual summit in Brussels on February 25. AP
    Protesters outside a Nato leaders virtual summit in Brussels on February 25. AP
  • A US Air Force F-35 Lightning II aircraft assigned to the 34th Fighter Squadron receives fuel from a KC-10 Extender aircraft over Poland on February 24. US Air Force/Reuters
    A US Air Force F-35 Lightning II aircraft assigned to the 34th Fighter Squadron receives fuel from a KC-10 Extender aircraft over Poland on February 24. US Air Force/Reuters
  • US military personnel check an Apache attack helicopter AH-64 during a technical stop on the tarmac at Traian Vuia International Airport in Timisoara, Romania, on February 24. EPA
    US military personnel check an Apache attack helicopter AH-64 during a technical stop on the tarmac at Traian Vuia International Airport in Timisoara, Romania, on February 24. EPA
  • German soldiers of the Nato enhanced Forward Presence (EFP) Battalion Battle Group in Lithuania attend a ceremony during a visit of German Defence Minister Christine Lambrecht to Rukla Military Base, Lithuania, on February 22. EPA
    German soldiers of the Nato enhanced Forward Presence (EFP) Battalion Battle Group in Lithuania attend a ceremony during a visit of German Defence Minister Christine Lambrecht to Rukla Military Base, Lithuania, on February 22. EPA

Sweden's foreign ministry confirmed the ambassador had been summoned in Ankara, but declined to give details of what was discussed.

Mr Herrstrom was previously summoned in October over “insulting content” about Mr Erdogan on Swedish public service television.

Scenes of protests in Stockholm has been a particular issue mentioned by Turkish authorities in the past, with Mr Erdogan saying members of the outlawed Kurdistan Workers Party (PKK) should not be allowed to parade around Sweden.

On Thursday, footage shared by pro-government Turkish media showed what they said was a protest by PKK members in which they hung a puppet of Mr Erdogan outside the Stockholm city hall. Very few people could be seen in the footage.

Finland and Sweden submit applications for Nato membership — in pictures

Swedish Foreign Minister Tobias Billstrom said Stockholm condemned the incident but did not refer directly to any country.

“The government protects an open debate about political choices, but strongly distances itself from threats and hatred against political representatives,” he said on Twitter.

“Portraying a popularly elected president as being executed outside City Hall is abhorrent.”

Sweden's Prime Minister said on Sunday that Stockholm was confident Turkey would approve its Nato bid, but would not meet all the conditions Ankara has set.

“That PKK terrorist can challenge the Swedish government at the heart of Stockholm is proof that the Swedish authorities have not taken necessary steps against terrorism,” the Turkish presidency's communications director, Fahrettin Altun, said on Twitter.

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ONCE UPON A TIME IN GAZA

Starring: Nader Abd Alhay, Majd Eid, Ramzi Maqdisi

Directors: Tarzan and Arab Nasser

Rating: 4.5/5

Classification of skills

A worker is categorised as skilled by the MOHRE based on nine levels given in the International Standard Classification of Occupations (ISCO) issued by the International Labour Organisation. 

A skilled worker would be someone at a professional level (levels 1 – 5) which includes managers, professionals, technicians and associate professionals, clerical support workers, and service and sales workers.

The worker must also have an attested educational certificate higher than secondary or an equivalent certification, and earn a monthly salary of at least Dh4,000. 

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Neil Thomson – THE BIO

Family: I am happily married to my wife Liz and we have two children together.

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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.”

Updated: January 12, 2023, 11:07 PM