August 15, 2018 / 3:26 PM / a year ago

Qatar's Emir pledges $15 billion direct investment in Turkey: Erdogan's office

Qatar Emir Sheikh Tamim bin Hamad al-Thani speaks with Russian President Vladimir Putin during their meeting at the Kremlin in Moscow, Russia July 15, 2018. Yuri Kadobnov/Pool via REUTERS

ANKARA (Reuters) - Qatar will make $15 billion of direct investments into Turkey, Qatar’s Emir Tamim bin Hamad Al Thani told President Tayyip Erdogan during talks in Ankara, the Turkish presidency said on Wednesday.

The lira TRYTOM=D3 firmed to 5.8699 from 6.04 to the dollar after the news, but later eased back to 5.9916 at 1515 GMT.

Reporting by Ece Toksabay; Writing by Tuvan Gumrukcu; Editing by Dominic Evans

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