Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Qatar - CEO of QIA Outlines the Key Focusses of the Fund  Join our daily free Newsletter

MENAFN - Qatar News Agency - 16/02/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Qatar News Agency) HE the CEO of Qatar Investment Authority (QIA) Ahmad Al-Sayed has said that the strategy of QIA is mainly inspired by the vision of HH the Emir Sheikh Tamim Bin Hamad Al Thani, Chairman of QIA, considering the QIA as a saving fund for the future.



Al-Sayed was speaking publicly for the first time since his appointment to confirm the vision for QI



In an interview with Bloomberg Television in London, HE Al-Sayed said, "The QIA is working with a professional management team to enhance our return and achieve our objective." Al-Sayed outlined some of the key focuses for QIA, stressing that it is a global fund open to partnerships all over the world and not limited or restricted to a specific area or a countr



The objectives of the QIA is to be managed on business rules and principles and achieve reasonable financial revenue



Replying to a question on the fund's keenness to invest in the UK, HE Al-Sayed highlighted that "Britain is one of our main destinations for investmen



The successful deals resulted in good revenues to everyone and the QIA was happy to invest more in the UK when the right opportunity came alon



"Britain in one of our major destinations of our investment, It has a great system with great regulation



We have Harrods, we have other investments in Britain like Barclays, Sainsbury, Canarywharf and London Stock Exchange. We are happy to invest more when opportunities come along," Al-Sayed elaborate



Speaking about successful deals, Al-Sayed said, "QIA sees success as making a deal on the right terms and making it a win-win for everyon



Because if it is a win-win to both parties, it will be a sustainable and long-term investmen



It's not about big, it's about quality and showing a good result. We are a global fun



We invest globally, we diversify our assets geographically and by asset classes, and we have asset allocations so we will invest whenever the opportunity comes." HE Al-Syed noted that, on the basis of clear conditions and risk rules the QIA has helped its partners when asked t



He set Barclays and Credit Suisse as examples of this hel



"We helped in the merger between Porsche and Volkswagen into one group, and this applied also on the merger between Glencore and Xstrat



We create long-term value for the management, for the shareholders and even for the countries we invest i



We welcome this type of investment and will be happy to discuss opportunities with anyone who has a good idea", he adde



Commenting on global market opportunities, Al Sayed continued by saying: "Europe is doing fine, America is seeing sustained growth, while the Emerging markets could be interesting in light of their volatilities and the pressures they are subjected to as a result of the US Federal Reserve tapering polic

 


Qatar News Agency




  MENA News Headlines
 Jul 31 2015 - Telecoms consider Gulf markets after poor Q2MENAFN
(MENAFN) Gulf stock markets were narrowly mixed yesterday as a series of disappointing corporate earnings reports, especially in the telecommunications sector. Saudi Arabia's main index inched down ...

 Jul 31 2015 - Tunisia cuts own growth estimationMENAFN
(MENAFN) Tunisia has cut its 2015 growth forecast to 0.5% this year, down from an expected 1%, its finance minister said yesterday.Tourism revenues represent about 7% of the economy, and, adding to ...

 Jul 31 2015 - Vodafone Qatar increase plans stay on trackMENAFN
(MENAFN) Vodafone Qatar, which has witnessed a 5% jump in customer base to USD 1.42mn in the first three months of this year.Revenue was down 8% to QR537.9mn and mobile average revenue per user.The ...

 Jul 30 2015 - Egypt- Trial of businessman Ehab Talaat postponedqDaily News Egypt
(MENAFN - Daily News Egypt) The trial of prominent businessman Ehab Talaat was postponed to 26 December on Tuesday for an expert report on the matter.Talaat is being sued by the Al-Ahram Foundation ...

 Jul 30 2015 - Egypt participates in UN counter-terrorism meetingDaily News Egypt
(MENAFN - Daily News Egypt) An Egyptian delegation participated Tuesday in the UN counter-terrorism meeting in the Spanish capital, Madrid, and discussed efforts to tackle militancy.Egypt also ...

 Jul 30 2015 - Egyptian court postpones verdict in Al Jazeera journalists' retrialDaily News Egypt
(MENAFN - Daily News Egypt) A court in the Egyptian capital, Cairo, has postponed the verdict in the retrial of three Al Jazeera journalists, jailed for aiding a terrorist organization with false ...

 Jul 30 2015 - Egypt- 'Will justice be served this Thursday?' (1):JournalistsDaily News Egypt
(MENAFN - Daily News Egypt) An Egyptian court will conclude one of Egypt's most hotly debated cases since the ouster of the Muslim Brotherhood regime in 2013, and one of the longest trials the ...

 Jul 30 2015 - Al-Jazeera re-trial case adjourned to 2 AugustDaily News Egypt
(MENAFN - Daily News Egypt) The Egyptian court was to conclude Thursday one of Egypt's most debated cases since the toppling of the Muslim Brotherhood's regime, also among the longest trial the ...

 Jul 30 2015 - Egypt- Trial against Fatima Naoot continuesDaily News Egypt
(MENAFN - Daily News Egypt) The prosecution at the Sayeda Zeinab Misdemeanour Court decided on Wednesday to postpone the case against Fatima Naoot, who is charged with contempt of religion.In turn, ...

 Jul 30 2015 - Ooredoo Oman profit up 18.7 percent in H1MENAFN
(MENAFN) Omani Qatari Telecommuni-cations Company (Ooredoo), has reported an 18.7 percent increase in its net profit for the first half of this year.The company's revenues for the first half of 2015 ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help