Emirates Business In the lead up to the public holidays marking Eid Al Adha in September, the Turkish Ministry of Culture and Tourism is looking to visitors from Gulf countries to offset the recent slump in the nation’s tourist numbers. Tourism is a critical source of Turkey’s GDP – the sector generated USD 35.1 billion in revenues in 2015 – …

  Bloomberg Qatar Investment Authority, the sovereign wealth fund of the Middle Eastern country, bought a 9.9 percent interest in Empire State Realty Trust, owner of New York’s Empire State Building. The fund purchased 29.6 million newly issued Class A common shares at $21 each, and will have a 9.9 percent economic and voting interest in the real estate investment …

  WAM Two financing agreements, with a value of more than US$ 1 billion, were signed on Tuesday between the Government of the Kingdom of Bahrain and the Kuwait Fund for Arab Economic Development (KFAED). Sheikh Ahmed bin Mohammed Al Khalifa, the Bahraini Minister of Finance, and Hamad Suleiman Al Omar, Deputy Director-General of the Fund, signed the agreements, which …