The oil-rich Gulf country Qatar planned to invest billions of petrodollars in France to diversify its revenue away from the traditional energy business, local media reported on Tuesday. "10 billion euros (12.8 billion U.S. dollars) will represent the value of Qatar fund to take shares in major French groups, or set up projects or seal partnerships in third countries," AFP quoted Qatari ambassador Mohamed Jaham Al-Kuwari as saying. "It is not finalized. It is an idea which is being studied," he added. Qatar, a major investor in U.S. and European assets, is also working to create a France-Quatar fund worth 300 million euros to bolster domestic small and medium sized enterprises, the ambassador said. The Gulf state, which owns the world-famous Paris Saint Germain football club, had recently offered 50 million euros to finance business projects in France's disadvantaged suburbs, a move widely criticised from left and right-wing groups. (1 euro = 1.28 U.S. dollars)
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor