Qatar strikes €2bn 'made in Italy' dealNovember 19, 2012 - 20:24 AMT PanARMENIAN.Net - An investment fund run by Qatar’s government says it will team with an Italian holding company to channel up to €2 billion ($2.5 billion) to traditional Italian industries, including fashion, food and furniture design, according to The Associated Press. The Nov 19 announcement of the four-year deal comes during a visit to Qatar by Italian Premier Mario Monti. It lists no specific companies for the new investments, but it deepens Italy’s commercial links for Qatar, which already controls the Italian fashion house Valentino. The joint venture between Qatar Holding LLC and Fondo Strategico Italiano Spa seeks to have initial capital of €300 million ($382 million) and rise in coming years. Energy-rich Qatar has increasingly pumped cash into prominent Western luxury brands, including Tiffany & Co. and French luxury conglomerate LVMH Moet Hennessy Louis Vuitton Top stories Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin. Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". Partner news | Lemkin Institute petition seeks release of Armenians in Azerbaijan The Lemkin Institute is deeply concerned about the continued illegal detention of political prisoners from Karabakh in Azerbaijan. Armenian Catholicos calls for national unity against threats Karekin II issued a message on Republic Day marking the anniversary of the First Armenian Republic. Pashinyan: Armenia’s desired goal is “on the horizon” Prime Minister Nikol Pashinyan has said that Armenia is moving forward “without interruption”. Opposition leader, supporters spend night at Sardarapat memorial Police made nearly 300 arrests the day before as Galstanyan and his supporters continued to demonstrate in Yerevan. |