Sun Life Financial Inc., Canada’s third-largest life insurer, hired Carl Bang from the Qatar Foundation Endowment to help lead a push into overseeing funds for pension plans and institutional investors.
Bharti Airtel Ltd., India’s largest mobile-phone operator, will sell a 5 percent stake to the Qatar Foundation Endowment for $1.26 billion after the carrier posted quarterly profit that missed estimates.
India’s economy is growing at the slowest pace in a decade, companies are burdened by record debt and governance is so bad that even local cement billionaire Kumar Mangalam Birla is reluctant to invest in the country.
Vodafone Qatar, a venture between Vodafone Group Plc and the state-owned Qatar Foundation, plans to obtain a $100 million loan in the next 45 days to establish a fixed-line phone network in the Persian Gulf emirate, said John Tombleson , the company’s acting chief executive officer.
Vodafone Qatar, a venture between Vodafone Group Plc and the state-controlled Qatar Foundation, will achieve positive earnings in the current quarter if the “trend continues,” the company’s chief executive officer said.