Four companies owned by state-run Qatar Petroleum plan to sell shares to the public in the coming years as the country, home to the world’s third-largest gas reserves, seeks to build its $136 billion stock exchange.
Here is the genius of Qatar, the peanut-sized Persian Gulf state that provides material support to Hamas, the Muslim Brotherhood and possibly some of Syria’s jihadist rebel groups, in a single image: A two-cheeked kiss, in public, between Qatar’s second-most powerful man, the prime minister (and foreign minister), Sheikh Hamad bin Jassim bin Jaber Al Thani, and Haim Saban, the Israeli-American billionaire who funds, among other things, the Saban Center for Middle East Policy at the Brookings Institution.
Qatar should use its “gazillions of petrodollars” to finance peacemaking, not confrontation, an Israeli official said today, responding to a planned $1 billion fund to protect “the Arab character” of Jerusalem.
When the Qatari emir stepped out of a helicopter and crossed into Gaza last month, the placards bearing his face and the flags draped from buildings marked more than just gratitude for $400 million of investment.
The late-night negotiating session that led to a sweetened takeover offer by Glencore International Plc for Xstrata Plc on Sept. 7 included a former British prime minister and a swashbuckling commodity-trading billionaire. It’s possible neither was the most influential man in the room at London’s Claridge’s Hotel.