Qatar Investment Authority, the Gulf state’s sovereign wealth fund, is looking to invest up to $10 billion in India every year, according to its executive director Hussain Al Abdulla.
The authority, whose investment portfolio includes iconic brands like Harrods, Sainsbury, Volkswagen, LVMH and Porsche, had invested $29 billion globally last year. “I am interested in anything that is consumer focus and that yields profits,” said Abdulla, who is in India as part of the delegation accompanying Qatar’s Emir, Sheikh Hamad bin Khalifa al-Thani………………………………………..Full Article: Source

Qatar’s sovereign wealth fund, Qatar Investment Authority (QIA) has acquired a 5-per cent stake in diversified miner Xstrata, just after commodities giant Glencore Plc proposed a $41 billion merger with Xstrata.
QIA, the second biggest shareholder in Credit Suisse and Songbird, the owner of the Canary Wharf Group, has been acquiring shares in Switzerland-based Xstrata through a series of stock market transactions, which at current prices are worth $2.65 billion………………………………………..Full Article: Source

Qatar’s sovereign wealth fund has made a £1.7 billion ($A2.6 billion) swoop on Xstrata, buying 5 per cent of its shares before the mining group’s planned £50 billion merger with Glencore.
The move, which has angered some of Xstrata’s shareholders, sees Qatar overtake Standard Life and Legal & General to become the third-biggest investor after Glencore (33.6 per cent) and BlackRock (5.43 per cent)………………………………………..Full Article: Source

Nigeria faces medium to long term fiscal disruptions unless it takes urgent measures to address its over dependence on oil revenues, poor national savings and infrastructural deficits, an economic intelligence report by Standard Chartered (StanChat) has said.
The report pointed out that the absence of any working long-term national savings framework leaves Nigeria with little buffer in the event of any shock that might impact fiscal revenue citing the frequent disbursals from the Excess Crude Account (ECA) and the inactive Sovereign Wealth Fund………………………………………..Full Article: Source

World Bank President Robert Zoellick has suggested that China help Europe by encouraging its investment funds to seek “business opportunities” in the debt-stricken region, rather than contributing to the International Monetary Fund to buy bonds.
An official from the China Investment Corp said in early March that the sovereign wealth fund expects to increase its involvement in Europe in the near term………………………………………..Full Article: Source

The State Oil Company of Azerbaijan (SOCAR) is holding in Baku a three-day forum on oil & gas processing and petrochemical complex (SOCAR OGPC Forum).
Addressing to the forum, executive director of the State Oil Fund of Azerbaijan (SOFAZ) Shahmar Movsumov said that given the scale of new complex construction project and its importance for Azerbaijan, SOFAZ is ready to ensure financial support for its implementation………………………………………..Full Article: Source

The question of constructing a nuclear power plant (NPP) in Kazakhstan is on the government’s agenda, chairman of the board of the Sovereign Wealth Fund Samruk-Kazyna, Umirzak Shukeyev, told reporters on Monday.
“Construction of a nuclear power plant is a separate issue which will be soon discussed in the government,” said Shukeyev. He reminded the press that Kazakhstan itself produces nuclear fuel and has the world’s largest reserves of uranium………………………………………..Full Article: Source

Lee Theng Kiat, president of Temasek Holdings Pte, sued the Singapore unit of Primus Pacific Partners Ltd., a Hong Kong-based private-equity firm, seeking to shutter the unit for failing to pay rent on a bungalow.
Primus Ventures (Singapore) Pte owes Lee and his wife S$67,802 ($53,760) in unpaid rent, according to papers filed with the Singapore High Court………………………………………..Full Article: Source

Khazanah Nasional Bhd has raised its stake in Turkey’s largest hospital chain Acibadem Saglik Hizmetleri & Ticaret AS to 97.3% from 92% after buying shares from minority shareholders in a tender.
Parent company Almond Holding AS bought Acibadem Saglik shares at 24.81 liras each between March 27 and April 9 in a tender managed by Deutsche Bank AG’s Turkish unit, Acibadem Saglik said in a statement to the Istanbul Stock Exchange after the market closed on Tuesday………………………………………..Full Article: Source

This is the burning political question of our time: how best to share the benefits of the resources boom? Thirty years ago, deputy WA Labor premier Mal Bryce had his ideas for sharing more evenly the benefits of the boom of that time and now Premier Colin Barnett has floated his idea.
What do these two ideas from opposite ends of the political spectrum have in common? They both propose the establishment of a State owned and operated sovereign wealth fund aimed at ensuring that the benefits of the booms in mining are not frittered away………………………………………..Full Article: Source