Qatar Inks Deal for Minority Stake in Turkish Stock Exchange
- Turkey, Qatar sign sweeping investment, cooperation agreements
- Announcements highlight growing Turkish-Qatari alliance
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Qatar announced on Thursday a series of high-profile investments in Turkey, its biggest ally in a years-long rift with Gulf heavyweights Saudi Arabia and the United Arab Emirates, including the purchase of a stake in the country’s main bourse.
Doha-based sovereign wealth fund Qatar Investment Authority signed a memorandum of understanding with its Turkish counterpart known as TWF to purchase a 10% stake in Borsa Istanbul AS.