Google+ Followers

Tuesday, 6 June 2017

Gulf Spat Threatens to Put Brakes on Qatar's $335 Billion Empire - Bloomberg

Gulf Spat Threatens to Put Brakes on Qatar's $335 Billion Empire - Bloomberg:

"The windfall from being the world’s largest exporter of liquefied natural gas has allowed Qatar to amass about $335 billion of investments around the world through its sovereign wealth fund. Now, a diplomatic spat with neighboring countries threatens to hamper the Qatar Investment Authority’s ability to continue making headline-grabbing global deals. Saudi Arabia and three other Arab countries cut off most diplomatic and economic ties to Qatar Monday in an unprecedented move designed to punish one of the region’s financial superpowers for its ties with Iran and Islamist groups. “The potential risks that Qatari investors face, including the QIA, are going to increase and new deals are probably going to become more difficult to complete and face greater scrutiny,” said Sven Behrendt, managing director of political risk consultant GeoEconomica GmbH. “Qatar has walked a fine line supporting extremist groups elsewhere in the Arab world, which has provoked this reaction from its neighbors.”"



'via Blog this'