Gulf sovereign fund to invest $10bn in US infrastructure
Sheikh Abdullah bin Mohamed bin Saud al-Thani
Doha - Arab Today
The head of Qatar’s sovereign wealth fund has told US officials it will invest $10 billion in infrastructure projects inside the US, sources said, in an apparent boost to the economic plans of president-elect Donald Trump.
Sheikh Abdullah bin Mohamed bin Saud Al-Thani, CEO of the Qatar Investment Authority (QIA), delivered the message to officials including Charles Rivkin, US assistant secretary of state for economic and business affairs, in Doha on Monday, a Qatari official and another source close to the QIA told Reuters.
No time frame was given for the investment.
Both the QIA, one of the world’s largest sovereign funds, and a spokesman for the US embassy in Qatar declined to comment.
The QIA had previously said it intended to invest $35 billion in unspecified projects in the US between 2016 and 2021, and it was not clear if the $10 billion would form part of that larger amount, the official said.
Trump has said his economic plans include a major boost to infrastructure investment.
Source: Arab News
GMT 09:54 2018 Tuesday ,23 January
Davos-bound bosses very upbeat on world economyGMT 09:37 2018 Tuesday ,23 January
Former KPMG executives charged in accounting oversight scamGMT 22:49 2018 Sunday ,21 January
Brexit special trade agreement possibleGMT 22:46 2018 Saturday ,20 January
China economy rebounds in 2017 with 6.9% growthGMT 22:37 2018 Saturday ,20 January
GE takes one-off hit of $6.2 bn linked to insurance activitiesGMT 19:58 2018 Saturday ,20 January
Watchmakers hope to make Chinese market tickGMT 19:54 2018 Saturday ,20 January
US shutdown unlikely to harm debt rating: FitchGMT 19:50 2018 Saturday ,20 January
EU's Moscovici slams Ireland, Netherlands as tax 'black holes'
With Job Cuts, China Deal
France's Carrefour revamps operations
Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Emiratesvoice
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onIn Olympic Spotlight
'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
Sanofi buys US haemophilia treatment
Paris - Emiratesvoice
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances its presence in specialtyParis show pays homage
to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
GMT 11:15 2017 Friday ,03 March
How a computer finally beat pro poker players for the first time by refining its intuitionGMT 07:28 2012 Wednesday ,22 February
Schools spend just £1 per pupil on religious lessons
GMT 11:25 2018 Monday ,22 January
King receives Premier, praises Bahraini-Saudi relations
GMT 12:26 2018 Thursday ,11 January
New Iran drug law saves thousands
GMT 09:46 2017 Friday ,29 December
Djokovic to face Bautista Agut in Abu Dhabi comeback
GMT 17:51 2017 Tuesday ,11 July
Five desktop yoga poses for workaholics
GMT 09:13 2017 Thursday ,02 November
Asthmatic school teacher takes up Dubai Fitness
GMT 08:17 2017 Wednesday ,20 December
Etihad Airways to suspend flights to Tehran
GMT 00:43 2017 Wednesday ,04 October
Employee safety top priority at Khalifa Port
GMT 02:37 2017 Wednesday ,28 June
718 Cayman S: Superstar Sportscar
GMT 11:18 2017 Saturday ,14 October
Coach Inc changes name to Tapestry
GMT 00:03 2016 Monday ,06 June
Women bagged only 1% of votes in RCCI elections
GMT 21:38 2016 Saturday ,29 October
Trial of 213 Ansar Beit El Maqdis suicides delayed to November 15GMT 09:21 2012 Saturday ,07 January
Sheikh Saud Bin Rashid mourns the death of his Sister
GMT 18:05 2016 Sunday ,20 November
10 civilians evacuated from eastern neighborhoods in Aleppo 2016-11-20 09:06:28 GMT
GMT 21:18 2017 Saturday ,13 May
Prime Minister of Lebanon Arrives in Doha
GMT 10:17 2016 Wednesday ,13 July
Manny Pacquiao plans
GMT 09:57 2017 Thursday ,23 February
Etihad and Emirates to face action from UK aviation watchdog over late flights
Maintained 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