International investors are increasingly concerned about economic overheating in Qatar, which would force the central bank to tighten monetary policy at a time when the nation is engaged in a massive building programme ahead of the 2022 Fifa World Cup.
Solely aggregation of news articles, with no opinions expressed by this service since 2009 launch on this platform. Copyright to all articles remains with the original publisher and HEADLINES ARE CLICKABLE to access the whole article at source. (Subscription by email is recommended,with real-time updates on LinkedIn and Twitter.)
Sunday, 28 October 2012
Oil Nationalism: Russia Versus Saudi Arabia :: The Market Oracle :: Financial Markets Analysis & Forecasting Free Website
In a week where Malaysia's Petronas' buyout bid for Calgary-based Progress Energy was rejected by the Canadian government, and the rejection called "resource nationalism" by Fitch ratings, Rosneft's buyout of TMK-BP is seen as Vladimir Putin's vehicle to regain state ownership of Russia's oil fields. Rosneft was firstly handed control over Yukos Oil in 2003, by Putin's government hitting Yukos with a $26-billion tax bill which bankrupted it, followed by Putin's bundling of Yukos founder, the billionaire Mikhail Khodorkovsky, into a Siberian prison. The present buyout of TNK-BP has Rosneft acquiring BP's 50% stake of the joint venture in exchange for cash and stock, for $27 billion.
* username: rupertbu
Gulf Times – Qatar ‘set to defy’ economic headwinds
Qatar’s healthy public and external finances and the government’s intention to push ahead with its large public investment programme will drive economic growth, despite headwinds in the global economy, a new study has shown.
“Qatar’s economic performance will be resilient to a weaker global outlook,” said Samba Financial Group in its country report.
The global economy continues to struggle and the outlook is clouded by the escalating crisis in the eurozone, and uncertainty around how the US will deal with the impending fiscal tightening scheduled under current laws, dubbed “fiscal cliff”. Financial stresses have mounted; growth in emerging markets has begun to slow, as has world trade.
“Qatar’s economic performance will be resilient to a weaker global outlook,” said Samba Financial Group in its country report.
The global economy continues to struggle and the outlook is clouded by the escalating crisis in the eurozone, and uncertainty around how the US will deal with the impending fiscal tightening scheduled under current laws, dubbed “fiscal cliff”. Financial stresses have mounted; growth in emerging markets has begun to slow, as has world trade.
* username: rupertbu