November 24, 2021 Meet the Middle East

UAE establishes $10 bln fund to support investments in Turkey

The United Arab Emirates has established a $10 bln fund to support investments in Turkey, according to a state news agency report.The fund will focus on strategic investments, including in the energy and health sectors, according to state news agency WAM.For the latest headlines, follow our Google News channel online or via the app.The fund was announced after talks between President Tayyip Erdogan and Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed al-Nahyan in Ankara on Wednesday.Sheikh Mohammed’s meeting with Erdogan, the first such visit in years, comes as the two countries work to mend frayed ties and amid a currency crisis in Turkey.Read more:Turkey, UAE to sign accords on energy, technology at talks: OfficialsTurkish President Erdogan receives Abu Dhabi Crown PrinceUAE's renewed diplomacy with Syria could lead to more Arab overtures
Source: Al Arabiya
Full Article: UAE establishes bln fund to support investments in Turkey