Singapore is the second country, after Japan, to sign a bilateral investment treaty with the Middle Eastern nation after international sanctions were lifted in mid-January.
The bank, which is also involved in private equity and asset management, is particularly interested in Turkey's real estate, healthcare, education and food and beverage industries, Al Obaidan said.
This acquisition marks Gatehouse's second investment into the select service hospitality space, following its acquisition in 2014 of a Marriott Residence Inn located in Midtown, Manhattan.
The ministry is “racing against time” to issue the Islamic bonds law, Sami Khallaf, the ministry’s head of public debt, told Al-Masry Al-Youm.
Speaking to Daily Sabah, Al Baraka Banking Group president and CEO Adnan Ahmed Yousif, emphasized the high growth potential and attractiveness of Islamic banking and discussed Turkey's candidacy to become an interest-free financial hub