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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Qatar continues to sell its investments and offers assets in London

    Rocky
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    • Post n°1

    Qatar continues to sell its investments and offers assets in London Empty Qatar continues to sell its investments and offers assets in London

    Post by Rocky Sun 24 Sep 2017, 7:00 am

    Qatar continues to sell its investments and offers assets in London
     Sunday 24 September 2017 at 12:55 pm (51 views)
    Qatar continues to sell its investments and offers assets in London 20170924_125556-983Qatar continues to sell its investments and offers assets in London


    Qatar continues to sell its investments and offers assets in London

    The Qatar Investment Authority (QIA) plans to sell an administrative building in London's Canary Wharf, which is currently leased by Credit Suisse Group. According to the Bloomberg news agency.

    "The sovereign wealth fund of Qatar has appointed two commercial entities to offer the administrative building for sale with an initial value of 450 million pounds ($ 610 million)," the agency said in a statement.

    In a new downturn in Qatar's global influence to offset a shortage of major economies in the region through its financial arm, Qatar Investment Authority (QIA), the fund sold a $ 417 million stake in Tiffany & Co., 40 percent of its stake in the company, according to the newspaper "Economic".

    Qatar Investment Authority sold 4.4 million shares in Tiffany & Co. through Morgan Stanley, according to a Bloomberg statement. Following the deal at a price of $ 94.4 to $ 94.75 a share, the Qatar Fund Owning a 9.5 percent stake in the company.

    So far, Qatar's sovereign fund has injected nearly $ 40 billion of its $ 340 billion in reserves to support the country's economy, particularly the financial system during the first 60 days of the crisis, Moody's said, after fleeing foreign deposits from Qatari banks.

    The Qatar Fund has already cut its stake in Credit Suisse to 4.94 percent and has almost completely quit Rosneft last week after taking a stake in the Russian company in December.

    The Qatar Fund has already cut its direct shares in Credit Suisse to 4.94 percent.

    The fund had 5.01 percent of voting rights, and Qatar's total shareholding - including equity securities if capital levels fell - fell to a certain threshold of 15.91 percent from the original 17.98 percent.

    The province also forced Qatar to sell the Luxembourg International Bank, which was founded 161 years ago by Presence Capital, the investment arm of individuals in the Qatari royal family, including former Qatari prime minister Sheikh Hamad bin Jassem al-Thani.

    China's Legend Holdings signed a deal to acquire a 90 percent stake in the Luxembourg International Bank from the royal family in Qatar for 1.48 billion euros ($ 1.76 billion) in its largest overseas acquisition.

    "It is buying through Beyond Lib, its unit in Hong Kong," Legend, owner of Lenovo Computer Group, said in a statement.

    Reuters confirmed in July that Legend was in talks with Precision about a possible takeover of the Luxembourg International Bank.

    The Qatar Investment Authority (QIA) almost exited Rosneft last week after acquiring a stake in the Russian company in December.

    A consortium of the Qatar Investment Authority and Glencore has signed a deal with Chinese energy company Civec to sell a 14.16 percent stake in Rosneft, in which the Russian government holds a controlling stake.

    After completing the deal, the alliance will still own a 5.2 percent stake in the Russian company, of which 0.5 percent will be for Glencore and 4.7 percent by Qatar Investment Authority.

    "His shares in Rosneft will be sold to the Chinese company at a price of more than 16 percent, on the average price per share for the past 30 days," a statement from the Swiss commodities trading company Glencore said on the London Stock Exchange.

    International experts have emphasized that QIA's investment performance is no different from the prevailing imbalances in the performance of the Qatari economy as a whole. Qatar's rationale for investing surplus funds from the sale of gas in world markets, In the post-establishment phase of the QIA, there was a state of confusion and blurred vision, which was expected to be overcome with the establishment of QIA in 2005, but this has not happened yet.







    http://www.skypressiq.net/2017/9/24/%D9%82%D8%B7%D8%B1-%D8%AA%D9%88%D8%A7%D8%B5%D9%84-%D8%A8%D9%8A%D8%B9-%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1%D8%A7%D8%AA%D9%87%D8%A7-%D9%88%D8%AA%D8%B9%D8%B1%D8%B6-%D8%A3%D8%B5%D9%88%D9%84%D8%A7-%D9%81%D9%8A-%D9%84%D9%86%D8%AF%D9%86
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