Qatar Holding, the investment arm of Qatar's sovereign wealth fund, has acquired Harrods, the iconic department store in London from Egyptian businessman Mohamed al-Fayed for £1.5 bn (EUR 1.7 bn). The acquisition was the largest single investment transaction in the UK retail sector since 2007.
The Grand Hotel Imperiale in Forte dei Marmi, Italy has been sold to UAE-based real estate company Emaar Properties, owner of renowned buildings such as the Burj Khalifa and the Dubai Mall.
