When politics means business: will GCC-Turkish tensions leave their mark on commercial ties?

When politics means business: will GCC-Turkish tensions leave their mark on commercial ties?
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Published October 1st, 2013 - 10:11 GMT via SyndiGate.info

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Political differences has negatively affected the economic relations, the size of the GCC investments in Turkey, and also led to a decline in the number of Gulf tourists to Turkey.
Political differences has negatively affected the economic relations, the size of the GCC investments in Turkey, and also led to a decline in the number of Gulf tourists to Turkey.

Despite their opposing positions on developments in Egypt, the tension in the economic relations between Turkey and the Arab Gulf counties is expected to be “very short”, a Turkish economic analyst said.

At the end of the day, “politics is politics and business is business,” said Ahmet Kayhan, Founder and CEO of Reiden.com, an international real estate information company focusing on emerging markets.

“If you think about the relationship between Turkey and GCC, they are very strong. There has never been a direct clash,” he added in an interview with Gulf News.

While acknowledging the existence of a “certain level of tension (between the two) at this stage just because of Muslim Brotherhood in Egypt”, Kayhan added “99 per cent of the (Turkish) policy measures are in line with the Gulf nations’ policies,” on many other issues including the situation in Syria, regional and international issues related to Iran, and the Palestinian question.

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