{"id":47937,"date":"2018-09-07T16:11:40","date_gmt":"2018-09-07T15:11:40","guid":{"rendered":"https:\/\/english.thesunrisetoday.com\/?p=47937"},"modified":"2018-09-07T16:11:40","modified_gmt":"2018-09-07T15:11:40","slug":"qatar-emir-plans-10b-euros-of-investment-in-germany","status":"publish","type":"post","link":"https:\/\/english.thesunrisetoday.com\/index.php\/qatar-emir-plans-10b-euros-of-investment-in-germany\/","title":{"rendered":"Qatar emir plans 10B euros of investment in Germany"},"content":{"rendered":"<p style=\"text-align: justify;\"><img loading=\"lazy\" class=\"alignleft size-full wp-image-47938\" src=\"https:\/\/english.thesunrisetoday.com\/wp-content\/uploads\/2018\/09\/Tamim.jpg\" alt=\"\" width=\"277\" height=\"182\" \/>Qatar&#8217;s emir Sheikh Tamim bin Hamad Al-Thani said in Berlin Friday his country would invest some 10 billion euros ($11.6 billion) in Germany, as he battles a policy of isolation by neighbouring states.<\/p>\n<p style=\"text-align: justify;\">&#8220;We are announcing Qatar&#8217;s desire to invest 10 billion euros in the German economy over the coming five years,&#8221; the Gulf state leader said as he opened a German-Qatari business forum alongside Chancellor Angela Merkel.Business daily Handelsblatt reported that Doha is especially interested in Germany&#8217;s dense network of small- and medium-sized firms known as the &#8220;Mittelstand&#8221;.<\/p>\n<p style=\"text-align: justify;\">In recent years its German investments in larger industrial or financial firms have often soured, including in the country&#8217;s troubled largest lender Deutsche Bank.<\/p>\n<p style=\"text-align: justify;\">For more than a year, the United Arab Emirates, Saudi Arabia, Bahrain and Egypt have cut off ties with Qatar, accusing it of supporting &#8220;terrorist&#8221; movements, cosying up to Iran and undermining stability in the region.<\/p>\n<p style=\"text-align: justify;\">The cold shoulder from its neighbours has prompted Qatari leaders to fall back on more distant allies, with Germany now its third-weightiest trading partner after the US and China.<\/p>\n<p style=\"text-align: justify;\">Bilateral trade has more than doubled since 2011, to around 2.8 billion euros.<\/p>\n<p style=\"text-align: justify;\">Also Friday, Merkel confirmed German plans to build a liquified natural gas (LNG) terminal in Germany.<\/p>\n<p style=\"text-align: justify;\">Qatar is the world&#8217;s largest exporter of the fuel.<\/p>\n<p style=\"text-align: justify;\">Both capitals also have a common interest in Turkey, with Qatar announcing $15 billion of investments there last month.<\/p>\n<p style=\"text-align: justify;\">Meanwhile Berlin is bound to Ankara by Germany&#8217;s millions-strong Turkish diaspora community and an agreement for Turkey to hold back refugees from the Middle East from reaching Europe.<\/p>\n<p style=\"text-align: justify;\">Turkey&#8217;s lira currency has been weakened recently as President Recep Tayyip Erdogan and US President Donald Trump engage in a diplomatic face-off with mutual sanctions.<\/p>\n<div id=\"fb-root\"><\/div>\r\n<script>(function(d, s, id) {\r\n  var js, fjs = d.getElementsByTagName(s)[0];\r\n  if (d.getElementById(id)) return;\r\n  js = d.createElement(s); 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