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Italy's Intesa to work with Qatar Foundation on business innovation

FILE PHOTO: Intesa San Paolo bank headquaters is seen in Turin

MILAN (Reuters) - Italy's biggest bank Intesa Sanpaolo said it had signed a letter of intent with the Qatar Foundation in Doha on Monday to promote cooperation between the two countries on business innovation.

Under the project, start-up companies in the two countries will be encouraged to strike partnerships, joint-ventures and reciprocal investments on innovative technologies, Intesa said in a statement.

(Reporting by Valentina Za; editing by Agnieszka Flak)