Turkey tightens foreign citizenship investment from June

A general view of residential and commercial areas in Ankara, Turkey. (REUTERS)
A general view of residential and commercial areas in Ankara, Turkey. (REUTERS)
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Updated 21 May 2022

Turkey tightens foreign citizenship investment from June

A general view of residential and commercial areas in Ankara, Turkey. (REUTERS)
  • Erdogan government raises amount that foreigners must invest in property in order to become eligible for citizenship

ANKARA: A price hike for foreigners seeking citizenship through real estate investment is the latest attempt by the Turkish government to ease the country’s financial woes.

The move is estimated to help Turkey overcome its current account deficit and change the profile of foreign investors.

“Only up to June 3 you can apply for Turkish citizenship by investing $250,000. Obtain a Turkish passport and citizenship in the most prestigious projects in Istanbul,” a popular advertisement reads.

Amid widespread criticism of skyrocketing house prices in the country, which has hit Turkish nationals the most, the government recently raised the amount that foreigners must invest in property in order to become eligible for citizenship.

BACKGROUND

Amid widespread criticism of skyrocketing house prices in the country, which has hit Turkish nationals the most, the government recently raised the amount that foreigners must invest in property in order to become eligible for citizenship.

Accordingly, any foreign national who buys real estate worth at least $400,000 — raised from $250,000 in the previous legislation — can get Turkish citizenship. The money should be deposited to a Turkish bank, and the house should not be sold for three years.

Foreign nationals who fulfill this condition, as well as their spouses and children below 18, automatically receive Turkish passports.

The purchase of housing by foreigners is expected to ease Turkey’s widening current account deficit and support the real estate sector, as well as construction companies.

Turkey’s budget deficit tripled in April compared with the previous year and the fiscal gap reached 50.2 billion liras ($3.23 billion). The country also posted a current account deficit of $5.5 billion.

Foreign nationals who join the private pension system with at least $500,000 or foreign equivalent and stay within the system for three years are also entitled to obtain Turkish citizenship.

Foreign businessmen who provide employment opportunities for 50 people in Turkey or those depositing $500,000 to Turkish banks without withdrawing it for three years can also get Turkish citizenship, according to the amended law.

The legislative change will apply from June 13.

For the moment, Russians, Ukrainians and Gulf nationals are the top clients in the Turkish real estate sector, and are buying up property in southern resort towns and Istanbul.

Russians also established a record number of companies — 64 — in March, quadrupling the figure from the previous month.

The number of houses sold in Turkey to foreign buyers soared 58 percent annually, according to official data. Russians topped the foreign buyers’ list with 1,152 houses. They were followed by Iranians and Iraqis, who bought 905 and 714 houses, respectively.

To facilitate sales, Turkish banks also began opening ruble-based accounts.

From January to April, residential property sales to foreigners increased by 49 percent, reaching 20,791 units.

“As the amount of investments required for citizenship was reduced from $1 million to $250,000 over the last four years, there is an increased demand for acquiring Turkish citizenship. But increasing it to $400,000 will also improve the foreign investors’ profile in Turkey,” said Selen Kolan-Imir, an attorney specializing in citizenship law.

However, experts note that the growing interest in the Turkish real estate market by foreigners risks increasing housing prices to uncontrollable levels.

The depreciation in the Turkish lira has also made Turkey’s real estate market more appealing to foreign investors.

“Rather than asking people to invest in real estate, there is a need to encourage foreigners to generate employment opportunities or open innovative startups to result in long-term advantages for the Turkish economy,” Kolan-Imir told Arab News.

With the increased number of foreign children as a result of Turkish citizenship investments, the country should also provide new educational and social facilities, she added.

“Recently there is a surge of private international schools that are opened for foreign children who are living in Turkey with their families or for those who become a new Turkish citizen.”

Bulut Bagci, president of the World Tourism Forum Institute, said that offering citizenship through investment is common in Europe, and that Turkey is choosing to follow a similar path.

“Compared to the similar cases in Europe, especially in the UK, this amount is still low. However, it will support tourism in Turkey and increase tourism revenues, because people who buy a house will visit the country frequently and go to the touristic destinations,” he told Arab News.

However, last month, some opposition lawmakers submitted a motion to parliament for a temporary ban on property sales to foreigners.

Bagci added that foreign nationals who receive Turkish citizenship should be encouraged to take part in the tourism sector by buying hotels and other facilities.

“Following prolonged conflicts in its neighborhood, Turkey needs tourism revenues to meet its foreign exchange needs. My only concern is that the purchase of houses should not be made open to abuse as it needs to be monitored closely with a strict regulation. I have heard so many cases where people sell their houses after getting citizenship to take benefits from this sector,” he said.

After the government recently revealed a new package to provide cheaper housing loans, President Recep Tayyip Erdogan said that property prices in Turkey should be tightly monitored.


Yemeni troops launch campaign against Al-Qaeda

Yemeni troops managed to push Al-qaeda from key cities. (AFP)
Yemeni troops managed to push Al-qaeda from key cities. (AFP)
Updated 03 July 2022

Yemeni troops launch campaign against Al-Qaeda

Yemeni troops managed to push Al-qaeda from key cities. (AFP)
  • Offensive in Abyan governorate aimed at preventing resurgence by terror group

AL-MUKALLA: Yemeni special forces have launched an offensive against Al-Qaeda in the southern governorate of Abyan, amid reports that the terrorist group is attempting a comeback.
Elite counterterrorism troops have been deployed in mountains and valleys in Abyan to prevent Al-Qaeda in the Arabian Peninsula, its branch in Yemen, from turning those areas into safe havens or launch pads for strikes against government troops in the south.
Abdul Rahman Al-Shonini, commander of counterterrorism forces in Abyan, said the campaign was launched after receiving information that AQAP was gathering in remote valleys and mountains to launch attacks against government troops in the south. He vowed to thwart its attempts to resurge in Abyan.

SPEEDREAD

• Elite counterterrorism troops have been deployed in mountains and valleys in Abyan to prevent Al-Qaeda in the Arabian Peninsula, its branch in Yemen, from turning those areas into safe havens or launch pads for strikes against government troops in the south.

• Last month, local media and residents said masked AQAP terrorists appeared in some valleys and areas in Abyan, ambushing troops and kidnapping residents.

His forces have not encountered any resistance as AQAP terrorists have reportedly fled to their hideouts in mountains between Abyan and Al-Bayda governorate.
Last month, local media and residents said masked AQAP terrorists appeared in some valleys and areas in Abyan, ambushing troops and kidnapping residents.
Local security officials accuse AQAP of orchestrating a string of attacks that killed at least 10 soldiers in Abyan and Shabwa governorate last month.
In 2015, AQAP exploited instability stemming from the war in Yemen to seize large swaths of land in southern governorates, including Hadramout, Abyan and Lahj.
Thanks to military support from the Arab coalition, Yemeni troops managed to push AQAP from key cities, killing and capturing hundreds of terrorists.
Last month, various armed forces in Abyan, including government troops and the pro-independence Southern Transitional Council — which had fought each other in 2019 and 2020 — agreed to form a joint command room to confront AQAP.

 


Lebanon-Israel maritime border dispute returns to the fore

An Israeli navy vessel is pictured off the coast of rosh Hanikra, an area at the border between Israel and Lebanon
An Israeli navy vessel is pictured off the coast of rosh Hanikra, an area at the border between Israel and Lebanon
Updated 03 July 2022

Lebanon-Israel maritime border dispute returns to the fore

An Israeli navy vessel is pictured off the coast of rosh Hanikra, an area at the border between Israel and Lebanon
  • US mediator Amos Hochstein sent a proposal to Lebanon in March on the demarcation starting from Line 23, which was drawn in a zigzag form

BEIRUT: A maritime border dispute between Lebanon and Israel has returned to the fore following a security development on Saturday night.

Israel’s army spokesman Avichay Adraee said warplanes and an Israeli missile ship had intercepted three drones that approached from Lebanon’s side toward the airspace over Israel’s economic waters.

Hezbollah’s military wing, the Islamic Resistance, confirmed the incident in a statement: “A group affiliated with martyrs Jamil Skaff and Mahdi Yaghi launched three drones of different sizes toward the disputed area, over the Karish gas field, to carry out reconnaissance missions. The mission was accomplished and the message was conveyed.”

Lebanon mostly stayed silent on the development, although caretaker Foreign Minister Abdallah Bou Habib said there was a possibility of reaching an agreement on the border issue in September and that information from the US and UN showed there was progress in the negotiations.

FASTFACT

Israel’s army spokesman Avichay Adraee said warplanes and an Israeli missile ship had intercepted three drones that approached from Lebanon’s side toward the airspace over Israel’s economic waters.

US mediator Amos Hochstein sent a proposal to Lebanon in March on the demarcation starting from Line 23, which was drawn in a zigzag form.

Lebanon handed him an oral response, which he did not reveal, pending the Israeli response.

Lebanon has been unable to confirm that Line 29 — which includes the Karish gas field — is the maritime border of Lebanon due to the failure of President Michel Aoun to sign a draft amendment to Decree 6433.

It was issued in 2011 and specified that Line 23 was the point for negotiations with Israel to demarcate the maritime borders. However, Aoun considers Line 29 to be the point for negotiations.

Line 29 gives Lebanon an additional area estimated at 1,430 square km while, according to the decree deposited with the UN, Lebanon only gets 860 square km of the disputed area.

Mohammed Yazbeck, Ayatollah Khamenei’s legal representative in Lebanon, said on Sunday: “Lebanon’s preservation of its wealth can only be achieved by informing the enemy that we are strong. The message was delivered by drones. This message is not only for the Israeli enemy but also for the American mediator, to understand that Lebanon’s rights cannot be underestimated or ridiculed.”

Former MP Fares Souaid said: “Hezbollah’s drones over Karish are aimed at reminding all parties that Iran is present in the ongoing negotiations between Lebanon and Israel over border demarcation under American auspices and at the expense of the Lebanese interest.

“The incident confirmed by Hezbollah may take place once again, and more serious incidents may occur. Therefore, we call on the nation’s representatives to raise the issue of Iran’s occupation within Parliament.”

On Sunday, Israeli Prime Minister Yair Lapid said that Hezbollah constituted an “obstacle” to an agreement between Lebanon and Israel.

“The party continues to walk the path of terrorism and undermines Lebanon’s ability to reach an agreement on the maritime borders.”

He said Israel would continue to protect itself, its citizens, and its interests.

Israel’s army said Hezbollah was trying to undermine the country’s sovereignty on the ground, in the air, and at sea. “The economic waters are part of Israel and are not a conflict zone. No discussion is necessary,” it added.

Israeli newspaper Yedioth Ahronoth reported that the drones were flown near the Karish gas field. One was downed by a fighter jet, and the other two were taken out by Barak 8 missiles launched from a missile ship.

It said Hezbollah had sent out different types of drones that flew at low altitudes. They were monitored and intercepted through coordination between the naval and air forces.

The newspaper quoted the Israeli army as saying: “Initial assessments indicated that the drones were not armed and did not pose any threat. This is an attempt to undermine negotiations with Lebanon regarding the maritime border, and Hezbollah wants to destroy Lebanon.”

The report said Hezbollah had previously sent out drones to Israeli territory, but Saturday night’s development was the first time that such an operation had been carried out on the floating gas platform in Karish, where no gas had yet been extracted.

“The incident is a message to Israel that Hezbollah can carry out the threats made by its leader, Hassan Nasrallah, in recent weeks. By launching these drones, Hezbollah acted against the Lebanese interest, despite the progress made in the file of demarcating the maritime borders through the efforts of American mediator Amos Hochstein," it said. "What happened not only violates the negotiations but also indicates that Hezbollah violated its position regarding not taking any action without a Lebanese national agreement or consensus.”


Hundreds of anti-coup protesters in Sudan defy security forces

Hundreds of anti-coup protesters in Sudan defy security forces
Updated 04 July 2022

Hundreds of anti-coup protesters in Sudan defy security forces

Hundreds of anti-coup protesters in Sudan defy security forces
  • Protesters are demanding a restoration of civilian rule that was launched after the 2019 which the coup derailed

KHARTOUM: Hundreds of Sudanese protesters demanding an end to military rule took to the streets of the capital Khartoum and its suburbs for a fourth straight day Sunday, witnesses said.
A violent crackdown by security forces during mass rallies on Thursday killed nine people, according to medics, the deadliest day for several months in the long-running protests against a coup last October led by army chief Abdel Fattah Al-Burhan.
Recent protests have seen crowds burn tires and barricade roads with bricks, while security forces have used live bullets, fired barrages of tear gas canisters and deployed powerful water cannons, according to medics and the United Nations.
Demonstrators are demanding a restoration of the transition to civilian rule that was launched after the 2019 ouster of longtime autocrat Omar Al-Bashir and which the coup derailed.
“We will continue this sit-in until the coup is overturned, and we have a fully civilian government,” demonstrator Muayyad Mohamed told AFP in central Khartoum.
The death toll from protest-related violence has reached 114 since last year’s coup. The latest fatality came on Saturday when a demonstrator died from wounds sustained at a June 16 rally, according to pro-democracy medics.

“We will not compromise until the goals of our revolution are realized,” said Soha, 25, another protester, who only gave her first name.
“We are here in the street demanding freedom, peace, justice, a civil state and the return of the military to the barracks.”
Last year’s coup plunged Sudan further into political and economic turmoil that has sent consumer prices spiralling and resulted in life-threatening food shortages.
On Sunday, witnesses reported a heavy deployment of security forces on the streets of Khartoum, including army vehicles and those of the Rapid Support Forces (RSF), a feared paramilitary unit commanded by Burhan’s deputy, Mohamed Hamdan Daglo.
The RSF incorporated members of the Janjaweed militia, which was accused by rights groups of atrocities during the conflict that erupted in 2003 in the western region of Darfur.
More recently, the RSF has been accused of taking part in crackdowns on protesters marching against military rule.
The international community has condemned the recent bloodshed, with the UN rights chief urging an independent probe into Thursday’s violence.

The UN, African Union and regional bloc IGAD have tried to facilitate dialogue between the generals and civilians, but the main civilian factions have boycotted.
On Friday, the three bodies jointly condemned the violence and “the use of excessive force by security forces and lack of accountability for such actions, despite repeated commitments by authorities.”
Yasser Arman from Sudan’s main civilian bloc the Forces for Freedom and Change on Sunday again expressed opposition to a return to negotiations with the military and its allies.
“The bullets that have cut down protesters have cut down the political process,” he told a press conference, adding, “It’s not us who broke it off.”
In the restive Darfur region, which has seen a recent resurgence in violence, General Daglo — known as Hemeti — on Sunday called “on all political forces, especially the youth,” to come to the table.
“Dialogue is the only way to guarantee stability in our country,” he said at a ceremony where 2,000 ex-rebels completed their training to join Sudanese security forces.
The integration of former fighters into the Sudanese army and police was part of a 2020 peace deal with rebel groups involved in decades of civil conflict, including in Darfur.
The first of its kind, the cohort “will confront the chaos in Darfur,” Daglo said.
Hundreds have been killed in recent months in Darfur, in a renewed spike of violence triggered by disputes mainly over land, livestock and access to water and grazing.


Jordan government blames lack of safety measures for deadly gas leak in Aqaba port

Jordan government blames lack of safety measures for deadly gas leak in Aqaba port
Updated 04 July 2022

Jordan government blames lack of safety measures for deadly gas leak in Aqaba port

Jordan government blames lack of safety measures for deadly gas leak in Aqaba port
  • The accident happened when a tank filled with 25 tons of chlorine gas being exported to Djibouti fell while being transported

AMMAN: The Jordanian government on Sunday blamed a lack of safety measures for the deadly gas leak in Aqaba last week.


A total of 13 people were killed, and 250 others were hospitalized when a chlorine tank exploded after a crane dropped it at the Red Sea port of Aqaba, releasing a large plume of toxic yellow smoke.

The accident happened when a tank filled with 25 tons of chlorine gas being exported to Djibouti fell while being transported.

Announcing the results of the investigation into the gas leak tragedy, Jordanian Interior Minister Mazen Al-Faraya said that the reason behind the accident was the incompatibility of the metal wire that carried the gas tank with its weight.

During a press conference on Sunday, Al-Faraya said that the weight of the tank was “three times more than the cable load capacity.”

Al-Faraya also said that the required safety procedures in dealing with such hazardous material were not in place while loading the gas tank on the truck.

The minister said that the safety attendant was not present on the ship to check the loading and unloading protocols and procedures.

Al-Faraya said that the report into the Aqaba gas leak would be referred to the prosecutor-general for further investigation.

Faisal Shboul, minister of state for media affairs, said that the state institutions’ response to the incident was “professional and immediate,” which resulted in the gas leak being contained and the situation being brought under control.

He also commended the “high efficiency” of the health care system in Aqaba, saying that only eight injured in the accident were currently receiving treatment.

Prime Minister Bishr Al-Khasawneh said that, as per the recommendations of the investigation team, the Cabinet had approved the termination of the services of the directors of the Jordan Maritime Commission and the Aqaba Company for Port Operation and Management and other officials.

Chairing a Cabinet meeting on Sunday, Khasawneh also blamed the absence of the required safety measures for the gas leak.

In a statement to Arab News, the premier said that the “government’s professional and rapid response to the incident has greatly helped mitigate the disaster and its consequences on the port city and its residents.”

He said that the government had implemented the king’s directives to embark on a comprehensive investigation into the incident.

Jordan’s King Abdullah II has called for those responsible for the deadly gas leak to be held accountable.

Chairing a meeting last Tuesday at the National Center for Security and Crisis Management, the king “stressed the need to provide transparent explanations to the public after investigations conclude, as well as identifying shortcomings and holding those responsible to account by law.”

Following the gas leak tragedy, employees at the port of Aqaba have been staging a sit-in, demanding better safety measures at their work sites and better living conditions.


Minister stresses importance of continuing to develop Bahrain-UK partnership

Minister stresses importance of continuing to develop Bahrain-UK partnership
Updated 03 July 2022

Minister stresses importance of continuing to develop Bahrain-UK partnership

Minister stresses importance of continuing to develop Bahrain-UK partnership
  • British Minister of State for Asia and the Middle East Amanda Milling is on a visit to Manama
  • Bahrain’s minister of finance and national economy affirmed the depth of UK-Bahraini relations

RIYADH: Bahrain’s finance minister has stressed the importance of continuing to develop the partnership between his country and the UK in order to create more ambitious investment opportunities, Bahrain News Agency reported on Sunday.

Minister of Finance and National Economy, Sheikh Salman bin Khalifa Al-Khalifa, also affirmed the depth of UK-Bahraini relations which has strengthened economic cooperation and partnership between the two countries.

The minister also highlighted the importance of building on fruitful cooperation between the two countries and opening up new horizons so as to achieve common aspirations and goals.

The comments were made during the British Minister of State for Asia and the Middle East Amanda Milling’s visit to Manama.

Milling said she was delighted to visit Bahrain and pleased to meet with British embassy officials to learn more about the “on-going work with the Bahrain government.”