Qatar promises $15b investment in Turkey: presidency

Qatar pledged $15 billion (Dh55.09 billion) of investment in Turkey that will be channeled into Turkish financial markets and banks, a government source told Reuters yesterday. The investment package was announced after Qatar’s Emir Tamim Bin Hamad Al Thani met President Tayyip Erdogan in Ankara, as Turkey grapples with a collapse in the lira and tensions with Natoally the United States. The currency has lost nearly 40 percent against the dollar this year, driven by worries over Erdogan’s growing influence on the economy and his repeated calls for lower interest rates despite high inflation.
Following the announcement, the lira firmed briefly to 5.8699 from 6.04 to the dollar, but later eased back to 6.0200.

The Turkish lira had rebounded some 6 percent on Wednesday after the central bank squeezed lira liquidity in the market, effectively pushing up rates and supporting the currency.

Source: Gulf News

 

The Liberum

Vox Populi, Vox Dei
See full bio >
The Liberum runs on your donation. Fight with us for a free society.
Donation Form (#6)

More articles you might like

Rebirth – Gareth Edwards, the dino comeback kid

Jurassic World: Rebirth (2025) has received a lot of criticism, and undeservedly so. It’s actually […]

Europe and America: One System, Two Faces of the Digital Dictatorship

There’s still a widespread illusion that the world order is divided between clashing superpowers, political […]

28 Years Later… A Britpop zombie apoc masterpiece

My God, what a rush! That’s almost all I have to say about the movie, […]

Russia & Iran: Partners in defeat?

The Israeli-American attack on the Islamic Republic has clearly shown that Iran is on its […]

The NATO Parade of Parasites

Welcome to The Hague, city of Peace, Justice… and the most expensive stage play in […]

Sinners (2025) – Minorities, Music and the Money vampires

A lot of hype has been generated, in a positive way, about this outlandish movie […]