Turkey, UAE to Conclude Economic Agreements including Energy, Technology
A Turkish official says that Turkey and the UAE will conclude agreements in several areas in conjunction with Mohammed bin Zayed Al Nahyan's visit to Ankara.
Abu Dhabi's Crown Prince and the de facto ruler of the Emirates, Mohammed bin Zayed Al Nahyan, is visiting Ankara today for talks with Turkish President Recep Tayyip Erdogan, in the first such visit in years.
A Turkish official announced that Turkey and the UAE will subsequently conclude agreements in the fields of energy, technology investments, seaports, and logistics.
The visit also comes within the framework of the two countries' efforts to improve relations.
The Turkish official stated that memorandums of understanding will be signed between the holding company owned by the government of Abu Dhabi, the Turkish Sovereign Wealth Fund, the Investment Office of the Turkish Presidency, and other Turkish companies.
It is noteworthy that the Turkish lira recorded an unprecedented decline yesterday, as it lost 13% of its value within a few hours against the dollar, to reach about 13 lira against the dollar, reaching its lowest level.
This new record decline came after the statements of President Recep Tayyip Erdogan, who confirmed that he will not change his monetary policy and will continue to "resist pressures" that call for him to raise interest rates.
Previously, the Turkish president divulged that he expects to meet the UAE’s ruler Mohammed bin Zayed al Nahyan, stressing that "the UAE has very serious plans for Turkey."