Arab Today, arab today qatar banks on recovery in italy
Last Updated : GMT 14:10:26
Arab Today, arab today
Arab Today, arab today

Qatar banks on recovery in Italy

Arab Today, arab today

Arab Today, arab today Qatar banks on recovery in Italy

Doha - DW

Qatar plans to pump 1 billion euros ($1.3 billion) into Italy\'s economy in hopes the debt-stricken country will soon recover from recession. The move is part of the Gulf state\'s drive to invest some of its oil wealth. Italy\'s strategic investment fund Fondo Strategico Italiano and state-owned Qatar Holding were planning to commit 1 billion euros each to the joint fund entitled \"IQ Made in Italy Venture,\" Italy\'s government announced Monday. The deal was signed during Italian Prime Minister Mario Monti\'s visit to the oil-rich Gulf state. The joint venture would boast an initial capital of 300 million euros, the statement said, and rise in the coming years as the fund would be investing in sectors such as food, fashion and luxury goods, as well as in Italy\'s furniture, tourism and leisure industries. \"We have four or five ideas [for investing] that we are studying at the moment,\" Qatar\'s Prime Minister Sheikh Hamad bin Jassim al-Thani told a new conference in Doha, adding that his government considered Italy a significant partner. Sheikh Hammad also announced that his government was preparing to sign another agreement with Italy worth 1 billion euros and aimed at supporting small and medium-sized business in Italy. Funding would also be provided equally by both partners, he said. The small yet wealthy Gulf state is seeking out opportunities to invest its huge and rising oil wealth, while debt-stricken eurozone countries are looking for international funding to finance their way out of a deep recession. In addition, businesses in some eurozone countries are finding it difficult to raise capital as the financial crisis is squeezing bank balance sheets, cutting off lending. In recent months, Qatar\'s sovereign wealth fund has invested in Italian luxury brands such as Tiffany and LVMH, while gaining full control of the Valentino fashion house.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today qatar banks on recovery in italy Arab Today, arab today qatar banks on recovery in italy

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today qatar banks on recovery in italy Arab Today, arab today qatar banks on recovery in italy

 



Arab Today, arab today
Arab Today, arab today Arab tradition glitters in Colombia

GMT 12:59 2017 Thursday ,19 October

Arab tradition glitters in Colombia
Arab Today, arab today Barcelona through George Orwell’s eyes

GMT 13:44 2017 Friday ,20 October

Barcelona through George Orwell’s eyes
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Tillerson heads to Gulf, downbeat

GMT 09:23 2017 Friday ,20 October

Tillerson heads to Gulf, downbeat
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Actress Shery Adel happy for Egypt’s qualification

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification
Arab Today, arab today Climate-disrupting volcanoes helped topple

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 18:29 2017 Sunday ,03 September

Designer produced new set of ornaments

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:43 2017 Wednesday ,18 October

Fake dentists ply brisk trade

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 19:29 2017 Tuesday ,29 August

Yomna: decoration leaved positive effects
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday