Turkish voters came out in their droves on Sunday to cast ballots in an election that many see as the last chance to secure the country’s political future. In Istanbul, lines of voters streamed steadily out of the polling stations, while many stuck around to observe, sip tea and discuss the outcome of today’s critical election.
Turkey typically has a very high voter turnout, but unlike previous elections, there was hardly a person to be found didn't have an opinion and wanted to make it known.
"This is our stance, our vote – whether there is any interference by foreign or domestic powers, we are soldiers of Ataturk and we will not let the country go to the dogs," Republican People's Party (CHP) voter Esra Deniz told The National.
Many voters feel like this is the last chance for Turkey’s democracy. Last year, the country's sitting president, Recep Tayyip Erdogan, won a controversial referendum that changed Turkey from a parliamentary to presidential system. The referendum meant a series of constitutional changes that gave the executive sweeping powers, while simultaneously declawing the parliament.
"Fifty-five per cent of people do not feel relaxed because there is no democracy or justice – it's a one-man show," said Ayhan Ozturk, a retired 56-year-old and representative of the nationalist IYI Party, after he emerged from voting at a polling station.
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"Twenty years ago, Turkey looked like a European country, and now we look Middle Eastern," he said. "My wife says if Erdogan wins, she won't come back here."
But Mr Erdogan still gathers significant support from his conservative base. They see him as guaranteeing the religious freedoms of the majority of Turks and laud the country's economic gains under his rule. "I'm 40 years old and I've always voted for the AKP [Erdogan's Justice and Development Party] – I lived through CHP [rule] and those were not good times, but economic times have gotten better under the AKP," Orhan Kaya, a 40-year-old jeweller from Fatih, explained.
When asked about the recent economic downturn, which has seen the lira plunge to historic lows, he shrugged. "I think the lira will go back to normal after the elections – this is a normal thing that happens every election," he said.
Who voters choose can often be predicted by the neighbourhood they live in Istanbul. In the well-heeled, elegant area of Bebek, white-collar workers streamed into the polling station to almost universally cast their votes for the secular opposition party. Another station in the majority Kurdish district of Tarlabasi welcomed almost solely HDP (People's Democratic Party) voters.
Across the Golden Horn, in the more conservative neighbourhood of Fatih, voters were more likely to choose AKP.
While one station seemed to cater solely to conservative voters, with most women wearing headscarves and men sporting beards, just 15 minutes away, another polling station hosted a more heterogeneous mix with young people who resembled Brooklyn hipsters mixing easily with the more conservative crowd.
It was at that polling station where the full array of opinions in Turkey were on display – a station manager shared confidentially that the results at this polling station have often predicted the results of the elections overall. One family of women came out proudly declaring they were voting so that “democracy would prevail”, while others voted for the AKP to preserve the economy.
Turkey is known for its deeply entrenched political blocs, which rarely breach the secular-religious divide. Liberal voters bemoan the growing authoritarian of Mr Erdogan’s Islamist-leaning AKP, while conservative voters often cite the past restrictions on religious freedoms enacted by the secular government, which long held power until the AKP became the dominant force in Turkish politics in the mid-2000s.
But those blocs are no longer monolithic – although the snap elections called in April didn’t allow much time for campaigning, Turkish voters have done a lot of thinking.
The emergence of new parties has seen people who had long stuck with the political blocs of their identity vote for newcomers. Although a long-shot, the only female candidate, former interior minister Meral Aksener stood out as a candidate who stuck to her values. She broke away from the Nationalist Movement Party (MHP), and won the support of voters who have become disillusioned with the party's politically pragmatic alliance with the ruling AKP.
Emine, 20, told The National that she became interested in Ms Aksener because female politicians have too long sat on the sidelines. "I was very upset by their rhetoric, its internal party conflicts and its flip-flopping, so when Meral Aksener broke away from the MHP, my decision was clear," she said.
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Poacher
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Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
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.”
Batti Gul Meter Chalu
Producers: KRTI Productions, T-Series
Director: Sree Narayan Singh
Cast: Shahid Kapoor, Shraddha Kapoor, Divyenndu Sharma, Yami Gautam
Rating: 2/5
EMERGENCY PHONE NUMBERS
Estijaba – 8001717 – number to call to request coronavirus testing
Ministry of Health and Prevention – 80011111
Dubai Health Authority – 800342 – The number to book a free video or voice consultation with a doctor or connect to a local health centre
Emirates airline – 600555555
Etihad Airways – 600555666
Ambulance – 998
Knowledge and Human Development Authority – 8005432 ext. 4 for Covid-19 queries
The specs
AT4 Ultimate, as tested
Engine: 6.2-litre V8
Power: 420hp
Torque: 623Nm
Transmission: 10-speed automatic
Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)
On sale: Now
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
Red flags
- Promises of high, fixed or 'guaranteed' returns.
- Unregulated structured products or complex investments often used to bypass traditional safeguards.
- Lack of clear information, vague language, no access to audited financials.
- Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
- Hard-selling tactics - creating urgency, offering 'exclusive' deals.
Courtesy: Carol Glynn, founder of Conscious Finance Coaching