Qatar has been successfully able to deal with the blockade with minimal impact as the Qatar Investment Authority (QIA) and Qatar Central Bank (QCB) intervened to support the country's banking system, a top official said Wednesday.
Qatar Investment Authority chief executive HE Sheikh Abdullah bin Mohamed bin Saud al-Thani said "we are still open for business and business as usual".
Qatar Airways will launch 12 new destinations in 2018, finalise in ‘the next few days’ an agreement to buy 49% of Italy's second biggest airline Meridiana, and soon apply with Qatar's sovereign wealth fund to start an Indian airline.
Qatar's Sovereign Wealth Fund said on Monday it would open an office in San Francisco to expand its growing US portfolio, and was still considering investing in a technology fund formed by SoftBank Group Corp .
Qatar's sovereign wealth fund, Qatar Investment Authority, has bought an almost 10% stake in the company that owns New York's iconic Empire State Building, the official Qatar News Agency reported on Wednesday.
Rapidly rising foreign liabilities of commercial banks in Qatar will not be an “immediate concern” as those can be “easily covered” by the sizeable assets held by the central bank (QCB) and the Qatar Investment Authority (sovereign wealth fund), shows a report by The Economist Intelligence Unit.