"The following is a selection of the top Middle East business news stories on Monday May 20.
QATAR FUND A trio of state-controlled Qatari entities are setting up a new shareholding company that will look to invest some of the gas-rich country’s financial firepower in overseas energy infrastructure, a statement on the Doha bourse said on Monday.
Qatar Electricity and Water Co., a majority state-owned utility, said it will sign a partnership agreement with Qatar Petroleum International and the country’s sovereign fund Qatar Holding to set up a new shareholding company to invest outside its domestic market.
It is seeking investments “in the fields of power generation, water desalination and treatment, heating and cooling systems, provision of fuel as well as fuel loading and unloading equipment,” according to the statement."
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