| Qatar is set to run its first budget deficit in 15 years as it ploughs ahead with massive infrastructure spending ahead of the football World Cup in 2022. “Qatar’s high economic wealth levels and strong external and fiscal positions provide buffers to alleviate the impact of the sharp decline in the oil price,” said Trevor Cullinan, director of sovereign ratings at Standard and Poor’s (S&P).
The Qatar Investment Authority (QIA), the country’s sovereign wealth fund, on Tuesday agreed to pay HK$7.7 billion (Dh3.65bn) to buy a 16.53 per cent stake in HK Electric Investments (HKEI) from Power Assets, a utilities group controlled by billionaire Li Ka-shing...............................................Full Article: Source
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