14 C
Friday, January 21, 2022

Reuters: Qatar Investment Authority to diversify away from Europe


Qatar’s sovereign wealth fund is hiring more external advisors and using more of the country’s cash to buy assets in the US and Asia after traditionally focusing on European markets, according to Reuters.

The newswire’s report comes several months after officials said the Qatar Investment Authority, which is responsible for managing much of the proceeds raised from the sale of Qatar’s oil and natural gas, would invest $35 billion in the US and $2 billion in Russia.

Notify of
Inline Feedbacks
View all comments

Related Articles

- Advertisment -

Most Read

Inflation in Qatar reaches record high

The Gulf nation's inflation rate has spiked in the last years, and it could be attributed to the challenges imposed by the global pandemic.  Qatar's...

Subscribe to Doha News below!

To be updated with all the latest news, offers and special announcements.