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Qatar continues selling its properties, are Barclays and Glencore stocks next?
countries’ boycott of Qatar ...an emirate on the east coast of the Arabian Peninsula. It sits on some really productive gas and oil deposits, which produces the highest per capita income in the world. They piss it all away on religion, financing the Moslem Brotherhood and several al-Qaeda affiliates... continues, so does Doha’s economic deterioration. Qatar is being forced to sell more assets and make new arrangements to ensure sufficient liquidity to support its domestic market, leading the country’s sovereign fund to shift from being one of the largest foreign assets’ owner to a seller. After Qatar cut its share in Credit Suisse Bank, Rosneft for oil and Tiffany for jewelry in the last few days, Qatar Investment Authority (QIA) plans to sell more of its assets worth over $320 bln, including shares in Glencore, Barclays Bank, according to Bloomberg. Bankers and lawyers, who usually arrange the QIA acquisitions, are now proposing to sell some assets without waiting or expecting any significant investments for the QIA in the short term. Bloomberg added that the QIA did not officially appoint financial advisers for the planned sales, but was considering which of them to be sold at the moment. The Qatar Investment Authority (QIA) was established in 2005 to use natural gas revenues, for which Qatar is considered the largest resource worldwide, helping local economy avoid fluctuations in oil markets, and diversifying its sources. Posted by: Fred 2017-10-04 |
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| http://www.rantburg.com/poparticle.php?ID=498771 |