August 17, 2018

Qatari emir vows $15bn Turkey investment after Erdogan meeting

Qatar pledges to make direct investment in Turkey, currently hit by currency crisis amid a diplomatic standoff with US.

The Turkish lira rallied from record lows on Wednesday after Emir Sheikh Tamim bin Hamad Al Thani said Qatar was standing by its "brothers in Turkey" as he announced a $15bn investment into the country's financial markets and banks. Read more + video.

Al Jazeera

Related,
Turkish lira rallies as Qatar makes $15bn loan pledge - Guardian
Germany, Qatar vow support for Turkey amid US pressure - PressTV

World financial markets suffer as US-Turkey ties decline, Washington vows to keep sanctions (video) - RT

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