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.
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.
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.