UAE and Turkey’s economic rapprochement raises Brotherhood fears

Turkey has been seeking rapprochement and a return to relations with the United Arab Emirates for several months. Bloomberg announced that a few months ago there were talks to inject billions of dollars into Turkish investments. Bloomberg noted that a source alone is considering spending as much as $1 billion on adq’s healthcare and fintech goals, with assets estimated at $110 billion. ADQ is the third largest sovereign wealth fund in the emirate behind Abu Dhabi Investment Authority and Mubadala Investment Company. Given the recent change in UAE-Turkey relations and Ankara’s enthusiasm for Abou Dhabi, the investments that will be reflected in the revival of the Turkish economy, which has been collapsing for years and experiencing a major deterioration in various fields, will be a blow to the Brotherhood.