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FINANCIAL NEWS
Spain to ink USD1bn mutual investment fund with Qatar
27 Nov 2016
(MENAFN) Spanish officials are planning to visit Qatar in the coming year to discuss more investment chances and enhancing bilateral ties for USD1bn worth deal.
In addition, both sides will have agreements on co-op in defense, legal and judiciary, education, youth and sports, telecommunications and others.
However, the value of bilateral trade is falling in recent years, due to the loss of value in gas and oil imports given in the global low price for fossil fuels.
Meanwhile, exports from Spain increased by 15 percent in 2015 to 273mn euro, while from Jan-August this year, exports have grown by 26pct to 221mn euro.
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