Qatar defies US and sides with Turkey with $15bn investment pledge amid Lira crisis

Turkish President Erdogan meets with Emir of Qatar Sheikh Tamim in Ankara. (Presidential Palace/Handout)
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Updated 24 May 2023
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Qatar defies US and sides with Turkey with $15bn investment pledge amid Lira crisis

  • Emir's support for Erdogan comes amid trade, diplomatic spat with US
  • The Turkish currency has lost nearly 40 percent against the dollar this year

JEDDAH: Qatar defied US President Donald Trump on Wednesday and promised to plough $15 billion into Turkish financial markets and banks, amid a collapse in the value of the lira and a looming trade war between Turkey and the United States.

The bail-out followed talks in Ankara between the emir of Qatar, Sheikh Tamim bin Hamad Al-Thani, and Turkey’s President Recep Tayyip Erdogan. 

The lira has lost nearly 40 percent of its value against the dollar this year, driven by worries over Erdogan’s growing influence on the economy and his refusal to raise interest rates despite high inflation.

Last week the US doubled tariffs on aluminium and steel imports from Turkey, during a dispute over Turkey’s detention of an American pastor on security charges that the US views as baseless.

In response, Erdogan launched a boycott of US electrical products and sharply raised tariffs on other US imports.

Turkey and Qatar have become close economic and political partners. Doha has $20 billion worth of investments in Turkey, and Ankara is one of the top exporters to the emirate. Sheikh Tamim was the first foreign leader to call Erdogan after the aborted coup in Turkey in 2016, and Turkey — along with Iran — is one of the few countries to support Qatar against the boycott by the Saudi-led Anti-Terror Quartet over Doha’s financing of terrorism. 

Although Qatar has now pledged $15 billion it has not actually paid anything, and it may not be enough to solve Turkey’s economic problems.

Analysts also said the political cost of the investment remained to be seen, given that Qatar is also a US ally and dependent on Washington for both military and political protection.

“This is what happens when you choose to run with the hare and hunt with the hounds,” Dr. Hamdan Al-Shehri, a Saudi political analyst and international relations scholar, told Arab News. “The Americans have their base at Al-Udeid in Qatar so naturally they will expect Qatar to toe their line.

“Qatar has gravitated toward Turkey because of the Muslim Brotherhood link and the Iranian connection so now it finds itself in an unenviable situation. If they side with Turkey, they run the risk of antagonizing US President Donald Trump. If they back the American position on Turkey tariff penalties, then they lose Turkey.”

Al-Shehri said Ankara appeared to have blackmailed Qatar into supporting it. “They said they came to Qatar’s support during Doha’s row with its Arab neighbors, and now it was Qatar’s turn to pay back the favor.”


What 2026 holds for Sudan as conflict drags on and famine deepens

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What 2026 holds for Sudan as conflict drags on and famine deepens

  • Hopes after Khartoum’s recapture dimmed as El-Fasher fell to RSF atrocities and ceasefire efforts stalled
  • Armed factions consolidated control over different regions, splitting the country and prolonging the fighting

LONDON: When the Sudanese Armed Forces recaptured Khartoum from the paramilitary Rapid Support Forces in late March, soldiers and many of the capital’s remaining residents took to the streets to celebrate.

The RSF, which seized the city soon after the civil war erupted in April 2023, had ruled with an iron fist. When its fighters were finally dislodged, much of the population was glad to see the back of them.

There was even hope that the army’s victory could mark a turning point in the conflict, setting in train a series of events that would lead to an end to the fighting. Such optimism, however, looked misplaced as the rest of the world welcomed 2026.

Seven months after the SAF had reclaimed Khartoum, RSF fighters unleashed a fresh wave of violence against the population of another city, El-Fasher, 800 kilometers away on the other side of the country.

The RSF’s capture of North Darfur’s capital and the days of bloodletting that followed marked one of the darkest chapters in Sudan’s history.

Fighters carried out mass executions, torture and rapes reminiscent of the 2003-05 genocide inflicted on Darfur by the Janjaweed — the predecessor of the RSF.

Far from being the year when Sudan’s fortunes began to turn, 2025 will likely be remembered as the year when the vast nation, already bifurcated by the independence of South Sudan in 2011, was split once more, this time between a SAF-controlled east and a RSF-dominated west.

The International Crisis Group recently warned that the war “could settle into a prolonged stalemate that will morph into a durable partition.”

“Neighboring countries fear that such a failed-state scenario would spell even more long-term instability that spills beyond Sudan’s borders,” the think-tank added.

El-Fasher was the SAF’s last holdout in Darfur. Its strategic significance was reflected in the RSF’s brutal 18-month siege to break the city.

When the group finally succeeded on Oct. 26, it consolidated its hold over Darfur and cemented the dividing line running through the middle of Sudan.

The RSF now controls most of western Sudan and large areas of the Kordofan region.

The SAF, meanwhile, controls the central areas around Khartoum, the north and the east, including Port Sudan on the Red Sea coast.

Kordofan, a vast agricultural area made up of three states and home to the nation’s oil fields, has now become the focus of the fighting.

The violence there has escalated in recent weeks, with hundreds of civilians killed since late October, according to the UN.

On Dec. 4, a children’s nursery and a hospital in Kalogi were hit by a drone strike, killing 114 people including 63 children.

Another drone strike on Dec. 13 killed six Bangladeshi UN peacekeepers, who had been deployed to South Kordofan to oversee disputed territory between Sudan and South Sudan.

Sudan’s largest oil field, Heglig, which is located near the border and supplies both countries, has now fallen to the RSF.

Kordofan is also strategically significant because it spans the supply lines to the west of the country.

With the world’s gaze distracted by Gaza and Ukraine, Sudan’s humanitarian crisis continued to spiral in 2025.

UN agencies say the conflict is now the world’s largest humanitarian crisis and largest displacement crisis, while the International Rescue Committee describes it as the largest humanitarian crisis ever recorded.

Tens of thousands of people have been killed, more than 12 million displaced, and 30 million — two thirds of the population — are in need of aid. Half the population faces acute hunger. Areas of Darfur and Kordofan are already in the grip of famine.

“We’re really looking at the most devastating war in Sudan’s history,” Ahmed Soliman, senior research fellow at Chatham House, said in a recent podcast. “It’s shocking and globally the worst humanitarian crisis without a doubt.”

Speaking shortly after the fall of El-Fasher, UN Secretary General Antonio Guterres said the conflict was “spiraling out of control.”

But the conflict had spiraled long before the horror of the RSF’s onslaught. El-Fasher just represented a sickening nadir.

About 260,000 people were trapped in El-Fasher when it was finally overrun. The RSF had recently completed an earth barrier encircling the city to block people from leaving.

The group’s fighters videoed themselves gunning down residents both in the city and as they tried to flee.

In one incident, more than 460 men, women and children at the Saudi Maternity Hospital were massacred.

Satellite images analyzed by the Yale Humanitarian Research Lab showed pools of blood on the ground and piles of bodies in the hospital car park.

Victims and witnesses recounted sickening acts of brutality and sexual violence.

One woman told Amnesty International that she had tried to flee the Abu Shouk neighborhood with her five children and a group of neighbors but were stopped by RSF fighters.

Both she and her 14-year-old daughter were raped. Her daughter died a few days later after reaching a clinic outside the city.

A 34-year-old man told the human rights monitor that he was among a group of 20 men who had managed to cross the earth berm but were caught by RSF fighters.

They were forced to lie down before the gunmen opened fire, killing 17 of them.

“The RSF were killing people as if they were flies,” he said. “It was a massacre. None of the people killed that I have seen were armed soldiers.”

The International Criminal Court said last month it was taking immediate steps to preserve and collect evidence related to the El-Fasher atrocities for use in future prosecutions.

Even before El-Fasher, the RSF had been widely accused of carrying out war crimes and crimes against humanity, with the US government determining that the group had committed acts of ethnic cleansing and genocide.

The shocking images that emerged from El-Fasher have given new impetus to international efforts to try to end the conflict.

The war stems from the aftermath of the downfall of President Omar Bashir amid mass protests against his rule.

After the civilian aspect of a power sharing agreement was shut out of the transitional process in 2021, a power struggle emerged between SAF commander Abdel Fattah Al-Burhan and RSF chief Mohammed Hamdan Dagalo.

The rivalry eventually led to the outbreak of war in April 2023.

Since El-Fasher fell, the “Quad” group of mediators of Saudi Arabia, the US, Egypt and the UAE have intensified efforts to secure a ceasefire and a peace settlement.

During his visit to Washington last month, Saudi Arabia’s Crown Prince Mohammed bin Salman encouraged US President Donald Trump to help bring the conflict to an end.

The RSF has said it would agree to the Quad’s roadmap, which includes an initial three-month humanitarian truce leading to a permanent ceasefire and transition to civilian rule.

On Dec. 16, Al-Burhan declared he was ready to work with the Trump administration to resolve the conflict.

For those suffering in Sudan’s conflict zones, it is a faint glimmer of hope after a year of unfathomable suffering.

Whether 2026 will see a change in the fortunes of Sudanese, only time will tell.