UAE, Turkey to Sign Financial Cooperation Deals as Ties Warm - Bloomberg
Turkey and the United Arab Emirates will sign cooperation pacts for their wealth funds and stock exchanges during one of the highest-level visits in years between the old Middle East foes.
UAE de facto ruler Sheikh Mohammed Bin Zayed Al Nahyan was received in Ankara by President Recep Tayyip Erdogan who is facing turmoil in currency markets and fading popularity ahead of 2023 elections.
Abu Dhabi’s sovereign wealth fund ADQ will sign a cooperation deal with Turkey Wealth Fund, or TWF, according to an official familiar with the talks. ADQ and TWF will also sign a deal to establish a venture fund to invest in technology companies.
The lira strengthened ahead of the visit, the clearest sign yet of efforts to patch up frosty relations that have shaped parts of the Middle East.
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