With a commercial pact, the UAE-Turkey reconciliation continues

The UAE’s government export credit business Etihad Credit Insurance and its Turkish counterpart Turk Eximbank inked a memorandum of cooperation in Istanbul to “promote commerce and export and easy access to credit insurance and project financing,” according to the official Emirates News Agency.

The United Arab Emirates and Turkey are working to repair their relationship. In recent years, the two countries have clashed over a number of regional problems, including the Arab Spring, the diplomatic dispute in Qatar, and the Libyan civil war. When Turkish President Recep Tayyip Erdogan hosted a senior Emirati security officer last year, the reunion gathered traction. Erdogan then visited the UAE in February, in part to secure investment in Turkey’s battered economy.