Qatar reshuffles cabinet, boards of Qatar Petroleum and Qatar Investment Authority | Reuters:
Qatar appointed the heads of its biggest bank and state-run oil firm to two key ministerial posts in a cabinet reshuffle on Sunday which comes amid a protracted dispute with Arab states.
The country’s ruler issued decrees restructuring the boards of state-run Qatar Petroleum (QP) and Qatar Investment Authority (QIA), the world’s ninth largest sovereign wealth fund with about $300 billion in assets.
It was the first government reshuffle in Qatar, the world’s top liquefied natural gas producer, since early 2016. The tiny but wealthy country has been facing a diplomatic and economic boycott by Saudi Arabia, the United Arab Emirates, Bahrain and Egypt since June 2017.
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