Russia, Qatar launch $2bln joint investment platform
MOSCOW - Russia and Qatar on Thursday signed a group of strategic agreements, mainly one for launching a joint investment platform worth two US billion dollars.
The step reflects the depth of growing relations between Moscow and Doha and joint direction towards broadening the scope of bilateral relations in vital areas, the Russian Foreign Ministry said in a press release.
Russian Presidential Envoy for Investment Cooperation and CEO of the Russian Direct Investment Fund Kirill Dmitriev and CEO of Qatar Investment Authority Mohammad Saif signed the new platform deal, it added.
The initiative is meant to promote joint investment inflows, focusing on energy, technology and infrastructure sectors, it said, regarding this as reflecting strategic direction towards deepening joint economic partnership.
All KUNA right are reserved © 2022. Provided by SyndiGate Media Inc. (Syndigate.info).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Gulf Today
2 hours ago
- Gulf Today
Nasdaq Dubai welcomes listing of $500 million AT1 Sukuk by Sharjah Islamic Bank
Nasdaq Dubai today welcomed the listing of a US$500 million Additional Tier 1 (AT1) Sukuk issued by Sharjah Islamic Bank (SIB). The perpetual, non-call six-year AT1 Capital Certificates were issued by SIB Tier 1 Sukuk IIND Ltd and are compliant with Basel III regulations. The issuance attracted strong interest from both regional and international investors, providing Sharjah Islamic Bank with additional capital to fuel its long-term growth plans. This latest transaction brings the Bank's total outstanding on Nasdaq Dubai to $2.5 billion across five listings. It also reinforces Dubai's strategic role in advancing the Islamic capital markets ecosystem. To mark the occasion, Ahmed Saad, DCEO of Sharjah Islamic Bank, rang the market opening bell at Nasdaq Dubai in the presence of Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM). Saad commented, 'The successful listing of our $500 million perpetual Additional Tier 1 Sukuk on Nasdaq Dubai marks a significant milestone in Sharjah Islamic Bank's strategic growth journey. This issuance reflects our strong fundamentals, robust investor confidence, and commitment to maintaining a solid capital base in line with Basel III requirements." Ali stated, "This listing reflects more than capital raising —it's part of a broader shift as regional institutions like Sharjah Islamic Bank lead the deepening of local debt markets. As demand for diversified, Shariah-compliant instruments continues to grow, Nasdaq Dubai is proud to serve as a trusted platform for innovation in Islamic finance. "The momentum we are seeing in Sukuk issuances signals a maturing financial ecosystem where local ambition meets global capital flows. SIB's continued engagement underscores the strategic role financial institutions play in building resilient, forward-looking capital markets across the UAE and beyond." With this listing, the total value of Sukuk listed on Nasdaq Dubai has reached $95.7 billion, underlining its status as one of the world's largest venues for Islamic fixed-income securities. Nasdaq Dubai's broader debt capital market has now surpassed $136 billion across 160 listings, reflecting growing international confidence in Dubai as a gateway for capital flows between the Middle East and the world. WAM
Gulf Today
5 hours ago
- Gulf Today
VIDEO: Israel deports Greta Thunberg after intercepting Gaza-bound aid boat
Activist Greta Thunberg was deported from Israel on Tuesday, the country's Foreign Ministry said, a day after the Gaza-bound ship she was on was seized by the Israeli military. Thunberg left on a flight to France and was then headed to her home country of Sweden, Israel's Foreign Ministry said in a post on X. It posted a photo of Thunberg, who shuns air travel, seated on a plane. Thunberg was one of 12 passengers on the Madleen, a ship carrying aid to Gaza that was meant to protest Israel's ongoing war there and shed light on the humanitarian crisis in the Palestinian territory, according to the Freedom Flotilla Coalition, the group behind the journey. Israeli naval forces seized the boat without incident early Monday about 200 kilometers (125 miles) off of Gaza's coast, according to the coalition, which along with rights groups, said Israel's actions were a violation of international law. Israel rejects that charge because it says such ships intend to breach what it says is a lawful naval blockade of Gaza. The boat, accompanied by Israel's navy, arrived in the Israeli port of Ashdod Monday evening, according to Israel's Foreign Ministry. Adalah, a legal rights group in Israel representing the activists, said Thunberg, two other activists and a journalist had agreed to be deported and leave Israel. The other eight activists refused deportation, were being held in detention and their case was set to be heard by Israeli authorities, Adalah said. The activists were expected to be brought before a court later Tuesday, the group added. Sabine Haddad, a spokeswoman for Israel's Interior Ministry, said the activists who were being deported Tuesday had waived their right to appear before a judge. Those who did not will face one and will be held for 96 hours before being deported. Rima Hassan, a French member of the European Parliament who is of Palestinian descent, was also among the volunteers on board. She has been barred from entering Israel because of her opposition to Israeli policies toward the Palestinians. It was not immediately clear whether she was being immediately deported or detained. French Foreign Minister Jean-Noel Barrot said Tuesday that one of the detained French activists signed an expulsion order and will leave Israel on Tuesday for France. The other five refused. He said all the activists received consular visits. On Monday, Adalah, the rights group, said that Israel had "no legal authority" to take over the ship, because the group said it was in international waters and it was headed not to Israel but to the "territorial waters of the state of Palestine." Amnesty International said Israel was flouting international law with the naval raid and called on Israel to release the activists immediately and unconditionally. "The arrest of the unarmed activists, who operated in a civilian manner to provide humanitarian aid, amounts to a serious breach of international law," Adalah said in a statement. Israel viewed the ship as a publicity stunt, calling it the "selfie yacht." Israeli officials said that the flotilla was bringing "meager" aid with what amounted to less than a truckload of goods. Associated Press
Arabian Post
5 hours ago
- Arabian Post
Harrison Street Begins Middle East Push From Abu Dhabi
Arabian Post Staff -Dubai Harrison Street, a US-headquartered real assets investment firm with over $56 billion in assets under management, has formally expanded into the Middle East by establishing an office within the Abu Dhabi Global Market, after receiving regulatory approval from the Financial Services Regulatory Authority. The move is being viewed as a strategic step to tap into the region's institutional capital base and aligns with Abu Dhabi's ambitions to attract global investment managers. The firm's new office, located at ADGM's Al Sila Tower, is expected to anchor its regional operations and serve as a platform for growth across the Gulf and wider MENA region. Harrison Street becomes the latest in a line of global asset managers to choose Abu Dhabi as a regional headquarters, following similar moves by BlackRock, Brevan Howard, and Apollo Global Management. The announcement underscores the appeal of ADGM as a regulated environment that offers tax benefits, legal certainty, and direct access to sovereign wealth and pension funds. ADVERTISEMENT Christopher Merrill, co-founder and CEO of Harrison Street, described the expansion as a natural extension of the firm's long-term growth strategy. He emphasised that the company is aiming to offer institutional investors across the Middle East access to thematic investment opportunities in alternative real assets, including student housing, senior living, healthcare infrastructure, and digital assets. Merrill said the firm sees 'substantial appetite among Gulf-based investors for exposure to long-duration, inflation-protected assets with stable yield profiles.' While Harrison Street has traditionally focused on North America and Europe, its new ADGM base signals an intention to deepen partnerships with investors in the Gulf region. The decision is also part of a broader effort to diversify funding sources and tailor strategies that align with regional priorities such as healthcare expansion, demographic shifts, and digital infrastructure. The ADGM licence will enable Harrison Street to carry out regulated investment activities and offer tailored asset management services to qualified investors in the UAE and beyond. According to the firm's regional head, who is set to be announced in the coming weeks, the Abu Dhabi office will focus on both capital raising and direct investment origination, particularly in sectors aligned with government-backed development goals across the Gulf. Industry observers say Abu Dhabi's financial centre has matured into a viable launchpad for international firms targeting sovereign and institutional capital. With assets under management in ADGM growing to over $1 trillion this year, the financial centre is increasingly positioning itself as a global hub for private equity, venture capital, and asset management. Harrison Street's entry follows a regulatory trend where ADGM has been accelerating approvals for asset managers, family offices, and hedge funds in a bid to rival more established global centres. Global interest in Middle East capital pools has surged, with firms across Europe and the US actively seeking to establish an on-the-ground presence. Harrison Street's thematic investment strategy, focused on secular trends such as ageing populations and technological adoption, is seen to resonate well with Gulf investors pursuing diversification beyond traditional energy-linked assets. Merrill indicated that the firm will look to build co-investment partnerships and joint ventures with local institutions, leveraging its experience in structuring real estate and infrastructure funds across developed markets. He also hinted at the possibility of localised strategies that may include greenfield development and operating partnerships in sectors like education and senior care, particularly in markets undergoing demographic transition such as Saudi Arabia and the UAE. ADGM authorities welcomed the firm's entry as further validation of Abu Dhabi's rising influence in the global investment ecosystem. The financial centre has actively courted global asset managers through a mixture of regulatory reforms, dual licensing frameworks, and strategic partnerships with Abu Dhabi Investment Office and Mubadala.
