Skip to content
Subscriber Only

Qatar Inks Deal for Minority Stake in Turkish Stock Exchange

  • Turkey, Qatar sign sweeping investment, cooperation agreements
  • Announcements highlight growing Turkish-Qatari alliance
Turkish Stocks Borsa Istanbul
Photographer: Ismail Ferdous/Bloomberg
Updated on

Qatar announced on Thursday a series of high-profile investments in Turkey, its biggest ally in a years-long rift with Gulf heavyweights Saudi Arabia and the United Arab Emirates, including the purchase of a stake in the country’s main bourse.

Doha-based sovereign wealth fund Qatar Investment Authority signed a memorandum of understanding with its Turkish counterpart known as TWF to purchase a 10% stake in Borsa Istanbul AS.