Turkey Gulf

Gulf states toast Turkey’s Erdoğan on election win, but will financial flows follow?

In depth
Issue 1171 - 05 Jun 2023 | 6 minute read

Recep Tayyip Erdoğan secured a third term as Turkey's president in late May, despite significant weaknesses in the domestic economy and a stronger than usual opposition challenge. Gulf leaders quickly called to congratulate Erdoğan and the UAE president was one of the first to do so in person – a sign that, even if they are increasingly reluctant to write blank cheques, they are still keen to do business with a country with significant economic and military potential.

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