Blazing gas flares 70 meters high brighten the night sky above Qatar’s Ras Laffan Industrial City. The 295-square-kilometer complex houses the world’s largest assemblage of liquefied natural gas plants and the biggest port for LNG exports on the globe. Ras Laffan chills to a fluid more gas in a year than Canada consumes and then ships it to run electric plants and warm homes from Tokyo to Buenos Aires. The gas facilities within its grounds produce almost a third of the world’s LNG exports, Bloomberg Markets will report in its May issue.
Qatar National Bank, the nation’s largest lender, hired McKinsey & Co. to help formulate a strategy for its Egyptian business as it seeks to boost operations, two people with knowledge of the matter said.
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.
Islamic bond investors in Qatar’s state-controlled phone company are disregarding this week’s downgrade by Standard & Poor’s, pushing yields to the lowest since the debt was sold as the company expands abroad.
Turkey’s economic growth is poised to slow in part due to the failure of Prime Minister Recep Tayyip Erdogan’s government to invest in the country’s “technological prowess,” a former central bank governor said.