Doha: Qatar's sovereign wealth fund has bought an almost 10 percent stake in the company that owns New York's iconic Empire State Building.
"Qatar Investment Authority (QIA) has acquired $622 million in shares in the Empire State Realty Trust," the official QNA news agency reported on Wednesday. The investment equates to a 9.9 percent stake in the trust.
The company owns nine office properties in midtown Manhattan, including the Empire State Building. The multi-billion-dollar QIA was set up in 2005 to manage Qatar's huge surpluses from sales of gas and oil.
The Empire State acquisition comes almost a year after Qatar's ambassador to the US, Mohammed Al-Kuwari, tweeted that his country would invest $35 billion in the US economy over the next five years.
In this picture, the PCJCCI logo can be seen on September 1, 2022. — Facebook/Pakistan China Joint Chamber of...
The logos of the World Bank and IMF. — AFP FileNEW YORK: The United States is the MVP of GDP. That was the...
A security guard sits in front of a wall with signs and slogans at the operation building at the Pakistan Steel Mills ...
A worker cleans the entrance to the headquarters of Bank Indonesia, the nation's central bank, in Jakarta, Indonesia....
The MCB's logo is seen on a wall outside the bank's head office. — MCB websiteKARACHI: MCB Bank Limited on...
Stack of Rs5,000 and Rs1,000 notes. — AFP/FileKARACHI: The rupee lost ground against the dollar in both currency...
