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  • Saudi Arabia in pact with Turkey’s Baykar Tech to localize drone manufacturing

    Saudi Arabia signed a strategic agreement with Turkish defence firm Baykar Tech to localise the manufacturing of drones in the kingdom, state-owned Saudi Arabian Military Industries (SAMI)posted on messaging platform X, formerly known as Twitter, on Sunday. The agreement "will enhance SAMI’s role in supporting the national defence industry and strengthening our local capabilities," SAMI said.

  • Saudi Arabia and Turkey: The new peace brokers of Russia-Ukraine war?

    Nearly 300 prisoners of war – both Ukrainian and Russian – faced death or indefinite detention in late September of 2022. It was a fate that looked all the more real as Russian President Vladimir Putin announced the mobilization of some 300,000 Russian conscripts to fight on the Ukrainian front. But on that very same day, the warring countries made the shock announcement that they had come to an agreement on a prisoner swap, which would release the detained fighters and political prisoners from their respective captors.

  • Turkey deals with Saudi Arabia, UAE herald new security ties amid US shift to counter China, Russia

    Turkish President Recep Tayyip Erdogan last week made a landmark tour of the Gulf, returning to Ankara having secured US$11.5 billion in financial assistance from the UAE to help shore up Turkey’s depleted foreign exchange reserves, fast-depreciating lira currency and yawning budgetary deficit. Erdogan also reached agreements with the UAE and Saudi Arabia to establish joint defence production programmes with Turkey, which has the second-largest military in Nato. Turkish defence manufacturer Baykar received its largest overseas orders from Saudi Arabia for the transfer of technology and joint production of its military drones.

  • The Netherlands lifts arms embargo against Turkey, UAE and Saudi Arabia

    The Netherlands has lifted arms restrictions imposed since 2019 against Turkey, following Ankara's move to back Sweden's Nato accession. In a letter addressed to the Dutch parliament last week, the government said it was abolishing its long-standing national “presumption of denial policy” in order to reform its arms exports restrictions framework. “The presumption of denial policy, which currently applies to Turkey, the United Arab Emirates and Saudi Arabia, will expire immediately,” the government in The Hague said.

  • Turkey’s Erdogan signs $50 billion in deals during UAE visit

    The United Arab Emirates and Turkey inked on Wednesday several deals estimated to be worth $50.7 billion during a visit by President Tayyip Erdogan to Abu Dhabi as he toured wealthy Gulf Arab nations for investment and funds. Erdogan and UAE President Mohamed Bin Zayed attended the signing ceremony of the agreements that included an extradition accord, energy and natural resources development, space and defence cooperation, state news agency WAM reported. Part of the package, Abu Dhabi sovereign wealth fund ADQ said it signed a memorandum of understanding (MoU) to finance up to $8.5 billion of Turkey earthquake relief bonds. A MoU with Export Credit Bank of Turkiye will see ADQ also finance up to $3 billion in credit facilities to support Turkish exports.

  • Turkey’s Baykar Drone Powerhouse Signs Export Deal With Saudi Arabia

    Under the deal, Baykar is expected to sell an unspecified number of drones to Saudi Arabia. The agreement was signed during a visit by Turkish President Recep Tayyip Erdogan to Saudi Crown Prince Mohammad Bin Salman on Monday along with accords on direct investment, defense industry, energy and communication. “Cooperation over the transfer of technology and local production will also be realized as part of the exports,” Bayraktar told CNN-Turk television on Tuesday, adding that other defense deals including the sale of munitions to Saudi Arabia will follow.

  • Turkey Hikes Fuel Tax by 200% to Finance Earthquake Damages

    The increase will help meet financing needs stemming from the deadly February earthquakes and allow the Treasury Ministry to maintain strong cash reserves, according to a ministry statement. The earthquakes caused more than $100 billion in damages, the government estimates.

  • Turkey and the Gulf states: A complicated relationship

    Senior Turkish officials told the Reuters news agency they hope to confirm direct investments of around $10 billion (€8.9 billion) from the Gulf states shortly after Erdogan's trip, and then between $25 billion and $30 billion in total over a longer period of time.

  • Bahrain, Turkey are Middle East’s biggest eaters: Oxford rankings

    Oxford University's online data-gathering website, Our World in Data, ranked 185 countries around the world according to their average daily kilocalorie consumption in its index. Bahrain has become the world’s sole nation where daily calorie consumption exceeded the 4,000-kilocalorie benchmark, surpassing Ireland and the United States from the previous year. According to data, the average daily calorie consumption in the country reached 4,012 kilocalories. The ranking lists Turkey as the world’s top fifth biggest eater at 3,762.

  • Chart: Turkey Makes Way for Sweden’s NATO Accession

    In April, Finland became the latest member of the military alliance comprised of 29 European nations, Canada and the United States. Finland's accession roughly doubled NATO's border with Russia, which threatened to take "counter-measures" and described the accession as an "encroachment on Russia's security and national interests."