Qatar to invest an extra US$5b in Spain | Malay Mail

18/5/2022 3:25:00 PM

Qatar to invest an extra US$5b in Spain | Malay Mail

Qatar to invest an extra US$5b in Spain | Malay Mail

MADRID, May 18 — Qatar today said it plans to invest an additional US$5 billion (RM21 billion) in Spain on the second day of a state visit by its emir, Sheikh Tamim bin Hamad Al-Thani.  “The volume of investments agreed upon with the Spanish side amounts to US$5 billion in various...

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MADRID, May 18 — Qatar today said it plans to invest an additional US$5 billion (RM21 billion) in Spain on the second day of a state visit by its emir, Sheikh Tamim bin Hamad Al-Thani.“The volume of investments agreed upon with the Spanish side amounts to US$5 billion in various sectors,” said Qatari Foreign Minister Mohammed bin Abdulrahman Al-Thani in a statement tweeted by his ministry.Allianz Global Investors US, a US unit of the German financial firm, admitted to violating US securities laws with its “Structured Alpha” scheme which dates to at least January 2016 and was exposed with the stock market downturn in March 2020, said the US Securities and Exchange Commission.Neither side gave a timetable for the investment, which amounts to some 4.The UN meeting — to be chaired by US Secretary of State Antony Blinken — will include Vellamvelly Muraleedharan, India’s minister of state for external affairs.75 billion euros, nor did they say which sectors would benefit.The agency said Allianz and the three portfolio managers doctored key financial figures to make losses look smaller than they were.“Qatar will invest close to €5 billion in our country in the coming years,” Prime Minister Pedro Sanchez said during a business meeting with the Qatari delegation.At 9am, the local note stood at 4.

“It is a gesture of confidence in the Spanish economy and Spanish businesses which will strengthen bilateral ties,” he said ahead of afternoon talks with the emir.Allianz Global agreed to pay about US$1 billion in penalties and disgorgement, while the company and its German parent will pay over US$5 billion in restitution to victims, the statement said.India, the world’s second-largest producer of wheat, on Saturday announced it would ban exports without special authorisation from the government in the face of falling production caused primarily by an extreme heatwave.Before the pandemic, Qatari investment in Spain stood at €2.67 billion RM12.” Two of the three Allianz Global officials named in the case, co-lead portfolio manager Trevor Taylor and portfolio manager Stephen Bond-Nelson, have agreed to plead guilty in the case.3 billion), the Spanish government said, making it the country’s 24th biggest investor.Blinken is tomorrow set to hold another UN meeting also related to food security.To date, Qatari funding has been notably invested in several sectors: civil aviation, construction, energy and communications.— AFP You May Also Like Related Articles.Mohd Afzanizam said data from China suggested that its Zero Covid Strategy was taking a toll on its economy.

According to a Spanish government source, the two sides will today sign around a dozen commercial contracts, notably concerning energy as Madrid seeks to diversify its gas supplies following Russia’s invasion of Ukraine.Qatar, one of the world’s three biggest exporters of liquified natural gas (LNG), is currently Spain’s fifth-largest supplier after the United States, Algeria, Nigeria and Egypt.The United States could be included in these countries, she said, adding that discussions were already underway with American farmers on the topic.The country accounted for 4.4 per cent of Spain’s total gas imports in April and the Spanish government hopes to increase this share.European states are increasingly looking to other sources of natural gas as they try to wean themselves off dependence on Russia, with LNG easily shipped by boat from countries such as Qatar and the United States.6 in May 2022 from 24.

After Madrid, the Qatari leader will continue his tour of Europe, visiting Germany, Britain, Slovenia and Switzerland, where he will attend the World Economic Forum in the mountain resort of Davos which runs from May 22-26.Qatar will host the World Cup later this year.— AFP You May Also Like.

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