Turkey has "clearly averted a much bigger disaster", according to Dr Jeremy Rossman, Lecturer in Virology at the University of Kent. "Turkey fits in the category of several countries that responded fairly quickly with testing, tracing, isolation and movement restrictions," he told the BBC. "It's a fairly small club of countries that have been quite effective in reducing the viral spread."
As the virus multiplied, the authorities subtracted key pieces from the jigsaw of daily life - no trips to the coffee shop, no shopping in crowded markets, no communal prayers at the mosque. The over-65s and under-20s were locked down completely, weekend curfews were imposed, and major cities were sealed off.
Now, Turkey is in a process of opening up with full caution. Malls, coffee shops, work has started but social distancing and wearing of masks in much emphasis. Actually abiding by such is now obligatory and not wearing masks/ not keeping social distances are punishable by fees. Turkey's Health Minister -recently has the highest approval rates among any Turkish politician- often reminds people of the rules. Currently viewed as a success story, Turkey tries to keep that way and open up.
Only 20% of United Arab Emirates' population consist of Emirati citizens and United Arab Emirates with Dubai in particular, is a top destinations for immigrants globally.
Turkey remains open for foreign expatriates and investors, offering citizenship for investments that exceed USD 250,000 in property. With more people looking for a second home in addition to a second passport, Turkish Citizenship by Investment rose to receive 1000 applications per month, according to Minister of Interior, Süleyman Soylu.
To apply for Turkish Citizenship by Investment or to reach us for business inquries, mail us at [email protected] or message/WhatsApp/call us on +90 542 215 4216.
With oil price below the price of water of same volume, a new reality started as of yesterday. We have been hearing from many nations -who also have expanding native middle classes- promises of an economy that does not depend on oil such as Saudi Arabia, United Arab Emirates and Qatar.
Yet, all of these economies and others such as Iraq, Iran, Russia have their economies highly dependent on oil and gas exports. The image below shows the exports of United Arab Emirates and how much they depend on oil/gas. (Source: Observatory of Economic Complexity)
Surely these economies will take harder hits from the current crisis and the upcoming recession. There will be implications of that in governmental actions. These are two we expect:
So, how will investors react? What do we expect the potential investors living in UAE, Saudi Arabia, Iran, Russia or Iraq to do in these circumstances? There are two strong trends we observe in our day to day business at Viya Citizenship Services:
For more information, connect with us at [email protected]viyagroup.co or message/call us on +90 542 215 4216 (Mobile/WhatsApp/ WeChat).