×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: ML | Qatar | US

Qatar Sovereign Fund Plans $35 Billion in US Investments

Monday, 28 September 2015 09:11 AM EDT

DUBAI, United Arab Emirates (AP) — The sovereign wealth fund of the energy-rich nation of Qatar says it is opening an office in New York and plans to invest $35 billion into the United States over the next five years.

The announcement Monday by the Qatar Investment Authority represents a major vote of confidence in the U.S., a key ally of the small Gulf Arab nation.

The fund and other Qatari government-linked investors have invested heavily in Europe in recent years, including prominent London properties, the British bank Barclays PLC and the Paris Saint-Germain soccer team.

The QIA's American holdings include a more than 10-percent stake in New York-based luxury jeweler Tiffany & Co.

© Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


MiddleEast
The sovereign wealth fund of the energy-rich nation of Qatar says it is opening an office in New York and plans to invest $35 billion into the United States over the next five years.The announcement Monday by the Qatar Investment Authority represents a major vote of...
ML,Qatar,US
113
2015-11-28
Monday, 28 September 2015 09:11 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved