Qatar's fund value touches $65 billion
Qatar Investment Authority (QIA), the country's sovereign wealth fund, controlled $65 billion in assets at the end of the first quarter this year, according to a report.
By PTI |
DUBAI: Qatar Investment Authority (QIA), the country's sovereign wealth fund, controlled $65 billion in assets at the end of the first quarter this year, according to a report.
The Gulf-country will be investing in more global assets, aiding a surge in its oil and gas income and boost the assets to nearly $105 billion by 2010, the Saudi British Bank (SABB) said in a study.
"Higher revenues will also ally with a sharp increase in public spending to maintain high growth in the country's economy in the next few years," it said.
QIA owns 50 per cent of Qatar National Bank (QNB) and Qatar Telecom (Qtel), both blue-chip organisations listed on the Doha Securities Market (DSM).
"Besides the recent investment in Credit issues, QIA has acquired a near 10 per cent holding in the Nordic exchange OMX, almost 24 per cent of the London Stock Exchange and five per cent in Singapore's Raffles Medical Group," the report said.
The Gulf-country will be investing in more global assets, aiding a surge in its oil and gas income and boost the assets to nearly $105 billion by 2010, the Saudi British Bank (SABB) said in a study.
"Higher revenues will also ally with a sharp increase in public spending to maintain high growth in the country's economy in the next few years," it said.
QIA owns 50 per cent of Qatar National Bank (QNB) and Qatar Telecom (Qtel), both blue-chip organisations listed on the Doha Securities Market (DSM).
"Besides the recent investment in Credit issues, QIA has acquired a near 10 per cent holding in the Nordic exchange OMX, almost 24 per cent of the London Stock Exchange and five per cent in Singapore's Raffles Medical Group," the report said.
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