The Qatar Investment Authority, which controls more than $100 billion of assets, said it’s ready to boost investment in the U.K. after acquiring stakes in British companies such as Barclays Plc and J Sainsbury Plc.
A member of the Qatari royal family has pledged the world’s most expensive watch and other collectibles valued at almost $83 million to Sotheby’s to cover debts owed to the auction house, according to court documents.
Tamim bin Hamad Al Thani had just turned 15 years old the summer his father overthrew his grandfather. It was June 1995. While Sheikh Khalifa bin Hamad Al Thani, the emir of Qatar, was traveling in Switzerland, Tamim’s father deposed him in a bloodless coup.
A member of the Qatari royal family must pay a London-based law firm 261,279 pounds ($419,400) in unpaid fees for advice given when his assets were frozen after he failed to pay auction houses for bids he won.
Qatar’s Central Bank Governor Sheikh Abdullah bin Saud al-Thani said Qatar is committed to plans for a Gulf monetary union and the project is progressing, dismissing concerns that the European Union debt crisis may derail it.
Israeli Prime Minister Benjamin Netanyahu needs to make a stronger commitment to the peace process and stop trying to divert attention away from talks, Qatari premier Sheikh Hamad Bin Jasim Bin Jaber Al Thani said.