Turkey's President Recep Tayyip Erdogan, left, shakes hands with Sweden's Prime Minister Ulf Kristersson as Nato Secretary General Jens Stoltenberg looks on in July 2023. AP
Turkey's President Recep Tayyip Erdogan, left, shakes hands with Sweden's Prime Minister Ulf Kristersson as Nato Secretary General Jens Stoltenberg looks on in July 2023. AP
Turkey's President Recep Tayyip Erdogan, left, shakes hands with Sweden's Prime Minister Ulf Kristersson as Nato Secretary General Jens Stoltenberg looks on in July 2023. AP
Turkey's President Recep Tayyip Erdogan, left, shakes hands with Sweden's Prime Minister Ulf Kristersson as Nato Secretary General Jens Stoltenberg looks on in July 2023. AP

Turkey approves Sweden's accession to Nato


Soraya Ebrahimi
  • English
  • Arabic

Turkey’s parliament on Tuesday approved Sweden’s accession to become a member of Nato, lifting a key hurdle to its entry into the military alliance.

Politicians voted 287-55 in favour with four abstentions for the Nordic nation to become the 32nd member of the alliance.

The approval will come into effect after its publication in the Official Gazette.

Hungary is now the only Nato ally not to have ratified Sweden’s accession, which needs to be approved by all member countries.

Nato member Turkey had been delaying Sweden’s membership for more than a year, accusing the country of being too lenient to groups that Ankara regards as security threats.

Nato through the years - in pictures

  • British Foreign Secretary Ernest Bevin signs the North Atlantic Treaty in Washington on April 4, 1949. All photos: Getty
    British Foreign Secretary Ernest Bevin signs the North Atlantic Treaty in Washington on April 4, 1949. All photos: Getty
  • The North Atlantic Treaty showing the signatures of the foreign secretaries and ambassadors of the original signing nations - Belgium, Britain, Canada, Denmark, France, Iceland, Italy, Luxembourg, the Netherlands, Norway, Portugal and the US
    The North Atlantic Treaty showing the signatures of the foreign secretaries and ambassadors of the original signing nations - Belgium, Britain, Canada, Denmark, France, Iceland, Italy, Luxembourg, the Netherlands, Norway, Portugal and the US
  • A meeting of the North Atlantic Council deputies in 1951 in London, attended by Gen Dwight D Eisenhower, centre
    A meeting of the North Atlantic Council deputies in 1951 in London, attended by Gen Dwight D Eisenhower, centre
  • Lord Hastings Lionel Ismay, Secretary General of Nato, with the newly adopted Nato emblem in 1952
    Lord Hastings Lionel Ismay, Secretary General of Nato, with the newly adopted Nato emblem in 1952
  • Belgian Foreign Minister Paul-Henri Spaak holds a press conference in Paris after taking over from Hastings Ismay as Nato chief in 1956
    Belgian Foreign Minister Paul-Henri Spaak holds a press conference in Paris after taking over from Hastings Ismay as Nato chief in 1956
  • The opening speech at the Nato summit in Paris in 1957
    The opening speech at the Nato summit in Paris in 1957
  • Some of the Nato vessels gathered for Exercise Medflex Invicta in Malta in 1961
    Some of the Nato vessels gathered for Exercise Medflex Invicta in Malta in 1961
  • A McDonnell Douglas F-4 Phantom II fighter-bomber of the Royal Navy is launched from HMS Ark Royal during a Nato exercise in 1972
    A McDonnell Douglas F-4 Phantom II fighter-bomber of the Royal Navy is launched from HMS Ark Royal during a Nato exercise in 1972
  • German Nato troops on manoeuvres in 1980
    German Nato troops on manoeuvres in 1980
  • Lord Carrington, the new Secretary General of Nato, sits behind his desk in Brussels, Belgium, in 1984
    Lord Carrington, the new Secretary General of Nato, sits behind his desk in Brussels, Belgium, in 1984
  • A US Air Force F-15E Strike Eagle refuels in the skies over Macedonia in 1999, as it flies missions in support of Nato Operation Allied Force
    A US Air Force F-15E Strike Eagle refuels in the skies over Macedonia in 1999, as it flies missions in support of Nato Operation Allied Force
  • Frigates, part of the Nato permanent fleet based in the Mediterranean Sea, enter the port of Piraeus, Greece, in 2003
    Frigates, part of the Nato permanent fleet based in the Mediterranean Sea, enter the port of Piraeus, Greece, in 2003
  • US President George W Bush, US Secretary of Defence Donald Rumsfeld, ambassador R Nicholas Burns and US Secretary of State Colin Powell attend the Nato summit in 2004 in Istanbul, Turkey
    US President George W Bush, US Secretary of Defence Donald Rumsfeld, ambassador R Nicholas Burns and US Secretary of State Colin Powell attend the Nato summit in 2004 in Istanbul, Turkey
  • Members of the military attend a commemoration for Nato soldiers during the 2009 summit in Kehl, Germany
    Members of the military attend a commemoration for Nato soldiers during the 2009 summit in Kehl, Germany
  • A protester throws a stone during clashes at the Nato summit in 2009 in Strasbourg, France
    A protester throws a stone during clashes at the Nato summit in 2009 in Strasbourg, France
  • A Polish soldier sits in a tank as a Nato flag flies behind during military exercises in Zagan, Poland, in 2015
    A Polish soldier sits in a tank as a Nato flag flies behind during military exercises in Zagan, Poland, in 2015
  • Guests depart after attending the opening ceremony at the 2018 Nato summit in Brussels
    Guests depart after attending the opening ceremony at the 2018 Nato summit in Brussels
  • Nato leaders listen to British Prime Minister Boris Johnson while attending the summit in 2019 in Watford, England
    Nato leaders listen to British Prime Minister Boris Johnson while attending the summit in 2019 in Watford, England
  • Soldiers from the Royal Welsh Battlegroup take part in manoeuvres during a Nato exercise on the Estonian-Latvian border in 2022 in Voru, Estonia
    Soldiers from the Royal Welsh Battlegroup take part in manoeuvres during a Nato exercise on the Estonian-Latvian border in 2022 in Voru, Estonia
  • Secretary General of Nato Jens Stoltenberg meets troops at the Tapa Army Base in 2022 in Tallinn, Estonia
    Secretary General of Nato Jens Stoltenberg meets troops at the Tapa Army Base in 2022 in Tallinn, Estonia
  • Polish soldiers hold a Nato flag in 2022 at a training ground in Orzysz, Poland
    Polish soldiers hold a Nato flag in 2022 at a training ground in Orzysz, Poland
  • Ukrainian President Volodymyr Zelenskyy and Mr Stoltenberg attend a joint press conference in Kyiv, Ukraine, in April 2023
    Ukrainian President Volodymyr Zelenskyy and Mr Stoltenberg attend a joint press conference in Kyiv, Ukraine, in April 2023

It has been seeking concessions from Stockholm, including a tougher stance toward Kurdish militants and members of a network that Ankara blames for a failed coup in 2016.

Turkey had also been angered by demonstrations by supporters of the outlawed Kurdistan Workers’ Party in Sweden, and Quran-burning protests.

Sweden has stayed out of military alliances for more than 200 years and long ruled out seeking Nato membership. But after Russia's full-scale invasion of Ukraine in February 2022, it ditched its longstanding policy of nonalignment almost overnight and decided to apply to join the alliance together with neighbouring Finland.

"Today we are one step closer to becoming a full member of Nato," Swedish Prime Minister Ulf Kristersson said on social media after the vote.

Nato's Secretary-General Jens Stoltenberg said Hungary clearly supports the accession of Sweden to Nato and will ratify its application soon.

"Good call with Prime Minister Viktor Orban of Hungary. I welcome the clear support of the Prime Minister and his government for Sweden's Nato membership," Stoltenberg said in a post on social media.

"I look forward to the ratification as soon as parliament reconvenes."

The United States also applauded the Turkish parliament's vote, with National Security Advisor Jake Sullivan saying on social media that Sweden's addition to Nato will make the alliance "safer and stronger".

Viktor Orban invites Swedish PM to discuss Nato accession

Hungarian Prime Minister Viktor Orban on Tuesday invited Mr Kristersson to Budapest to discuss Sweden's Nato accession bid.

Mr Orban has demanded "respect" from the Nordic country, a fellow European Union member.

In a letter to Mr Kristersson, he said that "a more intensive political dialogue could contribute to reinforcing the mutual trust" between the two countries, allowing them to "further strengthen our political and security arrangements".

"I invite you to visit Hungary at your earliest convenience to exchange views on all issues of common interest," Mr Orban wrote in the letter seen by AFP.

On X, he said he had invited Mr Kristersson to Hungary "to negotiate" on Sweden's Nato accession.

Sweden's Foreign Minister Tobias Billstrom replied that there was "no reason to negotiate" with Hungary, although Sweden was open to discussions.

"The main thing is that this letter does not talk about negotiations, but about discussions, which is of course what we want," Mr Billstrom said.

"I make a difference between what is written on Twitter and what is written in the letter. The letter is the official communication from Budapest to our government."

Hungary has often denounced what it called Sweden's "openly hostile attitude", accusing Swedish representatives of being "repeatedly keen to bash Hungary" on rule-of-law issues.

Last week, Hungary criticised Sweden for not taking steps to strengthen bilateral relations.

Mr Orban's chief of staff, Gergely Gulyas, on Thursday suggested the Swedish government "should get in touch, ask what concerns the Hungarian parliament has and what they can do about it".

Hungary has repeatedly insisted it supports Sweden's bid but has repeatedly delayed arranging a vote in parliament to ratify the bid.

"To put it in a nutshell: they are asking us for a blood pact without being willing to make any gestures in return," Matyas Kohan from Hungary's pro-government Mandiner magazine wrote.

Hungary's opposition has been pressing the government to schedule a vote, although the parliament is in recess until next month.

The Hungarian Socialist Party on Tuesday asked Mr Orban "to stop this stupid, harmful and unnecessary charade".

Sweden and Finland applied for Nato membership after Russia's invasion of Ukraine. Finland became a member last April.

Mr Orban and Turkish President Recep Tayyip Erdogan have maintained a good rapport with Russian President Vladimir Putin throughout the Ukraine war.

Nato leaders had feared that the Kremlin was trying to use Mr Orban and Mr Erdogan to sow divisions in the West.

The bloc's commanders have cast the expansion as a show of western resolve in the face of Russian aggression.

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Global Fungi Facts

• Scientists estimate there could be as many as 3 million fungal species globally
• Only about 160,000 have been officially described leaving around 90% undiscovered
• Fungi account for roughly 90% of Earth's unknown biodiversity
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RESULTS

5pm: Maiden (PA) Dh80,000 2,200m
Winner: Arjan, Fabrice Veron (jockey), Eric Lemartinel (trainer).

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6pm: Al Ruwais Group 3 (PA) Dh300,000 1,200m​​​​​​​
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6.30pm: Shadwell Gold Cup Prestige Dh125,000 1,600m​​​​​​​
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7pm: Shadwell Farm Stallions Handicap (PA) Dh70,000 1,600m​​​​​​​
Winner: Jawal Al Reef, Patrick Cosgrave, Abdallah Al Hammadi.

7.30pm: Maiden (TB) Dh80,000 1,600m​​​​​​​
Winner: Dubai Canal, Harry Bentley, Satish Seemar.

The lowdown

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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.”

UAE currency: the story behind the money in your pockets
Where to buy

Limited-edition art prints of The Sofa Series: Sultani can be acquired from Reem El Mutwalli at www.reemelmutwalli.com

Meydan card

6.30pm: Al Maktoum Challenge Round-1 (PA) Group 1 US$65,000 (Dirt) 1,600m
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7.40pm: UAE 2000 Guineas Trial (TB) $100,000 (D) 1,600m
8.15pm: Handicap (TB) $175,000 (T) 1,200m
8.50pm: Al Maktoum Challenge Round-1 (TB) Group 2 $350,000 (D) 1,600m
9.25pm: Handicap (TB) $175,000 (D) 1,900m
10pm: Handicap (TB) $135,000 (T) 1,600m

Why seagrass matters
  • Carbon sink: Seagrass sequesters carbon up to 35X faster than tropical rainforests
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  • Coastal protection: Reduce erosion and improve water quality
GREATEST ROYAL RUMBLE CARD

The line-up as it stands for the Greatest Royal Rumble in Saudi Arabia on April 27

50-man Royal Rumble

Universal Championship
Brock Lesnar (champion) v Roman Reigns

Casket match
The Undertaker v Rusev

Intercontinental Championship
Seth Rollins (champion) v The Miz v Finn Balor v Samoa Joe

SmackDown Tag Team Championship
The Bludgeon Brothers v The Usos

Raw Tag Team Championship
Sheamus and Cesaro v Bray Wyatt and Matt Hardy

United States Championship
Jeff Hardy (champion) v Jinder Mahal

Singles match
Triple H v John Cena

To be confirmed
AJ Styles will defend his WWE World Heavyweight title and Cedric Alexander his Cruiserweight Championship, but matches have yet to be announced

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

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RESULTS

5pm Maiden (PA) Dh70,000 (Dirt) 1,400m

Winner AF Nashrah, Tadhg O’Shea (jockey), Ernst Oertel (trainer)

5.30pm Maiden (PA) Dh70,000 (D) 1,400m

Winner Mutaqadim, Riccardo Iacopini, Ibrahim Al Hadhrami.

6pm Maiden (PA) Dh70,000 (D) 1,600m

Winner Hameem, Jose Santiago, Abdallah Al Hammadi.

6.30pm Maiden (PA) Dh70,000 (D) 1,600m

Winner AF Almomayaz, Sandro Paiva, Ali Rashid Al Raihe.

7pm Handicap (PA) Dh70,000 (D) 1,800m

Winner Dalil Al Carrere, Fernando Jara, Mohamed Daggash.

7.30pm Handicap (TB) Dh70,000 (D) 1,000m

Winner Lahmoom, Royston Ffrench, Salem bin Ghadayer.

8pm Handicap (PA) Dh70,000 (D) 1,000m

Winner Jayide Al Boraq, Bernardo Pinheiro, Khalifa Al Neyadi.

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.

MATCH INFO

Manchester United 1 (Fernandes pen 2') Tottenham Hotspur 6 (Ndombele 4', Son 7' & 37' Kane (30' & pen 79, Aurier 51')

Man of the match Son Heung-min (Tottenham)

Updated: January 24, 2024, 1:21 PM