Qatar may be a fresh-faced entrant at the top of the world’s richest nations table, but its gas-fuelled wealth has already led to the coining of a new phrase among some Middle East-based financiers: “Where Qatar’s emir goes, money follows.”
So it proved in Brazil. Qatar Holding’s $2.7bn purchase of a 5 per cent stake in Banco Santander Brazil comes eight months after the country’s emir, Sheikh Hamad bin Khalifa al Thani (pictured above), visited Latin America’s economic giant.
His wife, the strong-willed Sheikha Mozah, came along, as did Qatar’s powerful premier, Sheikh Hamad bin Jassim bin Jabor al Thani - often known colloquially as HBJ among investment bankers queuing up around the corner in the country’s capital of Doha, eager to secure M&A financing.
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