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Qatar buys 10% stake in Istanbul Stock Exchange, new deal reached.

 

Turkey and Qatar have signed a new financial agreement, under which Qatar has bought a 10% stake in the Istanbul Stock Exchange.

According to Al Arabiya, Turkey's Sovereign Wealth Fund said on Thursday that it had signed a memorandum of understanding with the Qatari Investment Authority under which it would buy a 10% stake in the Istanbul Stock Exchange. After completion, its share in the stock exchange will be 80.6%.

Qatar's Emir Sheikh Tamim bin Hamad chaired a meeting of the Qatari-Turkish Supreme Strategic Committee with Turkish President Recep Tayyip Erdoآنan following the recent conclusion of several security and military agreements, especially in the context of further relations and coordination between the two countries. Arrived in Ankara recently.

Turkish state TRT channel reports that this is the 18th meeting between Qatari Emir Sheikh Tamim and Turkish President Recep Tayyip Erdoآنan in 70 months, which is a record of meetings between the leaders of the two countries.

The daily says that Turkey's ruling AK Party is disappointed with the gas deal with Qatar due to the current economic crisis but on the other hand Turkey will abide by the agreements reached with Qatar in other fields.

The Turkish newspaper further said that the Turkish government receives financial support from Qatar, some of which is kept secret and some of which is revealed. The two countries have almost the same position on the conflicts in Syria, Libya and Azerbaijan, and Qatar has the secret and open support of Turkey in this regard.

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