Turkey's President Abdullah Gul, left, welcomes Palestinian President Mahmoud Abbas before their meeting in Istanbul.
Turkey's President Abdullah Gul, left, welcomes Palestinian President Mahmoud Abbas before their meeting in Istanbul.

Turkey rejects appeal by US to delay Erdogan visit to Gaza



ISTANBUL // An Israeli delegation held several hours of talks in Ankara yesterday on compensation payments to the families of nine Turkish activists killed in an Israeli raid on a Gaza-bound aid ship in May 2010, an incident that brought relations between the two former allies to breaking point.

As the countries began repairing their relations, a new row about plans by Turkey's prime minister to visit Gaza served as a reminder of how difficult that task is likely to be.

Turkey was reported to have rejected an appeal by the United States to delay a May visit by Recep Tayyip Erdogan to the Gaza Strip, ruled by the militant group Hamas, a sworn enemy of Israel.

The Ankara-based analyst Celalettin Yavuz said domestic considerations were behind Mr Erdogan's response to the US demand.

He said the prime minister was troubled by a lack of domestic support for an initiative to solve the long-running Kurdish conflict in Turkey. "So he is trying to win points with the domestic public by saying 'I am going to Gaza despite what America and Israel say'," said Mr Yavuz, deputy head of the Turkish Centre for International Relations and Strategic Analysis (Turksam), a think tank in the Turkish capital.

The Palestinian president Mahmoud Abbas, a Hamas rival who was meeting Turkish leaders in Istanbul yesterday, is also sceptical about Mr Erdogan's Gaza trip, which is scheduled to take place after the Turkish prime minister's visit to Washington next month. Mr Abbas was due to meet Mr Erdogan last night.

The US government is concerned that a Gaza visit by Mr Erdogan, one of the most respected leaders in the Middle East, would benefit Hamas and weaken Mr Abbas's more moderate Fatah movement in its continuing power struggle with Hamas. The Palestinian ambassador to Ankara, Nabil Maarouf, has said his government would prefer Mr Erdogan to visit Gaza after reconciliation between the two factions.

But Turkey's Hurriyet newspaper yesterday quoted Turkish diplomatic sources as saying Mr Erdogan was sticking to his travel plans. The prime minister's office did not respond to a request for comment from The National.

The compensation talks yesterday ended without any official statement. They marked the first concrete step since a US-orchestrated apology by Israel to Turkey a month ago. The United States is eager to see relations between its two key allies in the Middle East repaired as the civil war in Syria and the row surrounding Iran's nuclear programme threaten to destabilise the region.

Following the death of the activists in the raid on the Gaza-bound aid ship Mavi Marmara, Turkey expelled the Israeli ambassador and reduced contacts with Israel to a minimum. Its conditions for a normalising ties were an Israeli apology, compensation payments and a lifting of the Gaza blockade.

But while the apology has been made and the compensation issue is not expected to create insurmountable problems, the Gaza question poses a more difficult challenge. Mr Erdogan said this month that Turkey would only exchange ambassadors with Israel once the Gaza blockade was lifted. The prime minister further committed himself by publicly stating that he planned to travel to Gaza at the end of May.

On Sunday, John Kerry, the US secretary of state, called on Mr Erdogan to delay the Gaza visit. "We have expressed to the prime minister that it would be better to delay," Mr Kerry told reporters in Istanbul, urging Mr Erdogan to wait for the "right conditions".

"We thought that the timing of it is really critical with respect to the peace process we are trying to get off the ground and that we would like to see the parties begin with as little outside distraction as possible," Mr Kerry added.

Hamas's refusal to recognise the Jewish state and past vows to destroy it are a key reason behind an Israeli blockade of Gaza since the Islamist group seized it from Mr Abbas's Fatah movement in 2007. Europe and the United States have long demanded that Hamas drop violence and recognise Israel.

But for Mr Erdogan, delaying or cancelling the visit under pressure from the US would represent an embarrassing climbdown domestically. Israel is extremely unpopular in Turkey, so Mr Erdogan is keen to avoid any impression that he is bowing to outside pressure for Israel's benefit.

The mere fact that Mr Erdogan has agreed to talk to Israel is seen with suspicion by some in Turkey.

Families of the victims of the Israeli raid accused the government of rushing into the talks "head over heels" and without consulting them properly. In a statement on the website of the Foundation for Human Rights and Freedoms and Humanitarian Relief (IHH), the Islamic charity behind the Mavi Marmara mission, the families said it was a sign of disrespect to the victims to conduct the compensation talks while the Gaza blockade was still in place.

Mr Kerry, during his visit to Istanbul, also called on Turkey to reopen a Christian Orthodox seminary near Istanbul that has been closed for more than 40 years. "It is our hope that the Halki seminary will open," he said. Mr Kerry said he discussed the issue with his Turkish counterpart, Ahmet Davutoglu.

The Turkish government says it is in favour of reopening the seminary and is working on a formula to make that possible under laws banning non-state religious schools.

tseibert@thenational.ae

* With additional reporting from Agence France-Presse and Reuters

twitter: For breaking news from the Gulf, the Middle East and around the globe follow The National World. Follow us

Our legal columnist

Name: Yousef Al Bahar

Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994

Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers

The%20specs%3A%202024%20Mercedes%20E200
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.0-litre%20four-cyl%20turbo%20%2B%20mild%20hybrid%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E204hp%20at%205%2C800rpm%20%2B23hp%20hybrid%20boost%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E320Nm%20at%201%2C800rpm%20%2B205Nm%20hybrid%20boost%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E9-speed%20auto%0D%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%20%3C%2Fstrong%3E7.3L%2F100km%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENovember%2FDecember%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh205%2C000%20(estimate)%3C%2Fp%3E%0A
FIGHT CARD

Fights start from 6pm Friday, January 31

Catchweight 82kg
Piotr Kuberski (POL) v Ahmed Saeb (IRQ)

Women’s bantamweight
Cornelia Holm (SWE) v Corinne Laframboise (CAN)

Welterweight
Omar Hussein (JOR) v Vitalii Stoian (UKR)

Welterweight
Josh Togo (LEB) v Ali Dyusenov (UZB)

Flyweight
Isaac Pimentel (BRA) v Delfin Nawen (PHI)

Catchweight 80kg​​​​​​​
Seb Eubank (GBR) v Mohamed El Mokadem (EGY)

Lightweight
Mohammad Yahya (UAE) v Ramadan Noaman (EGY)

Lightweight
Alan Omer (GER) v Reydon Romero (PHI)

Welterweight
Ahmed Labban (LEB) v Juho Valamaa (FIN)

Featherweight
Elias Boudegzdame (ALG) v Austin Arnett (USA)

Super heavyweight
Roman Wehbe (LEB) v Maciej Sosnowski (POL)

Specs

Engine: Duel electric motors
Power: 659hp
Torque: 1075Nm
On sale: Available for pre-order now
Price: On request

Volvo ES90 Specs

Engine: Electric single motor (96kW), twin motor (106kW) and twin motor performance (106kW)

Power: 333hp, 449hp, 680hp

Torque: 480Nm, 670Nm, 870Nm

On sale: Later in 2025 or early 2026, depending on region

Price: Exact regional pricing TBA

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Revibe%20%0D%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202022%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Hamza%20Iraqui%20and%20Abdessamad%20Ben%20Zakour%20%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20UAE%20%0D%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Refurbished%20electronics%20%0D%3Cbr%3E%3Cstrong%3EFunds%20raised%20so%20far%3A%3C%2Fstrong%3E%20%2410m%20%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EFlat6Labs%2C%20Resonance%20and%20various%20others%0D%3C%2Fp%3E%0A

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.”

Kill%20Bill%20Volume%201
%3Cp%3E%3Cstrong%3EDirector%3C%2Fstrong%3E%3A%20Quentin%20Tarantino%3Cbr%3E%3Cstrong%3EStars%3C%2Fstrong%3E%3A%20Uma%20Thurman%2C%20David%20Carradine%20and%20Michael%20Madsen%3Cbr%3E%3Cstrong%3ERating%3C%2Fstrong%3E%3A%204.5%2F5%3C%2Fp%3E%0A
How to report a beggar

Abu Dhabi – Call 999 or 8002626 (Aman Service)

Dubai – Call 800243

Sharjah – Call 065632222

Ras Al Khaimah - Call 072053372

Ajman – Call 067401616

Umm Al Quwain – Call 999

Fujairah - Call 092051100 or 092224411

THE SPECS

Engine: 6.75-litre twin-turbocharged V12 petrol engine 

Power: 420kW

Torque: 780Nm

Transmission: 8-speed automatic

Price: From Dh1,350,000

On sale: Available for preorder now

David Haye record

Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4

RESULT

Everton 2 Huddersfield Town 0
Everton: 
Sigurdsson (47'), Calvert-Lewin (73')

Man of the Match: Dominic Calvert-Lewin (Everton)

Poacher
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3ERichie%20Mehta%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Nimisha%20Sajayan%2C%20Roshan%20Mathew%2C%20Dibyendu%20Bhattacharya%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E3%2F5%3C%2Fp%3E%0A
Election pledges on migration

CDU: "Now is the time to control the German borders and enforce strict border rejections" 

SPD: "Border closures and blanket rejections at internal borders contradict the spirit of a common area of freedom"