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Sovereign Wealth Funds Briefing - Categorized | People

Qatari emir set to hand power over to son

Posted on 25 June 2013

The emir of Qatar told his family on Monday he would hand power to his son. The ascent to power of Crown Prince Sheikh Tamim, 33, would provide a stark contrast to other Gulf Arab states whose youthful populations are ruled by kings or princes in their 60s, 70s, 80s and 90s, sometimes with heirs of the same vintage.
Sheikh Hamad bin Jassim has been prime minister since 2007 and has played a central role in positioning Qatar as a regional power broker. He is also vice-chairman of the board of the Qatar Investment Authority (QIA), a position he is expected to retain. QIA has estimated assets of $100 billion to $200 billion………………………………………..Full Article: Source


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