Interpreting Middle East Economic News and Analyzing Market Trends

Category: Qatar

Qatar invests 1.75 billion euros in Deutsche Bank, but does it know what it’s investing in?

Hamad_Bin_Jassim

Investment company owned Sh. Hamad Bin Jassim Al-Thani invests in Deutsche Bank

 

Deutsche Bank has teamed up with a Qatari investment company owned by Sh. Hamad Bin Jassim Al-Thani to help raise 8 billion euros in fresh capital for the bank.  DB claims its for expansion plans, but this comes a year after it was forced to raise 3 billion euros by banking regulators.  Are any alarm bells going off?  If not, then add to this the fact that Qatar’s 1.75 billion euro investment was purchased at a 25-30% discount… are the bells ringing yet?

 

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What’s at stake for the Middle East in Ukraine

Ukraine Farmalnd

Photo Source: Modern Diplomacy

With the crisis in Ukraine going from bad to worse, all attention has been on the increasing tensions in the region and its effects on the Ukrainian and Russian economies.  There is a lot more at stake than these economies alone.  Take for example the Middle East; it has a lot at stake in the Ukraine than most realize.  Not much has been said about this, which needs some attention.

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Qatar Islamic Bank looks to acquire stake in Turkey’s Bank Asya

Bank Asya

Qatar Islamic Bank (QIB), Qatar’s largest Islamic bank, is in discussions to buy a stake in Bank Asya, Turkey’s largest participation bank (a.k.a. Islamic bank).  This is the second Qatari bank to jump in to Turkey in the past year.  Last March, Commercial Bank of Qatar (CBQ) acquired a 70.8% stake in Alternatifbank AS.  QIB’s timing, however, might prove to be better than CBQ’s.

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Tensions heat up in the Gulf as UAE, Saudi Arabia and Bahrain recall their ambassadors from Qatar

GCC Meeting in Riyadh March 2014

The smiles are for the camera only!

Tensions are once again heating up in the Gulf.  This time Bahrain, Saudi Arabia and the UAE are ganging up on the Qatar.  Rising tension is not new, what is new is the fact that other GCC members are tired of Qatar stepping out of line and not following the prescribed protocol.

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China is hooked on Mideast oil, which helps build a good case for a Petroyaun

China Oil Transit Routes 2013Source: Zerohedge (click on map to view larger size)

Last year China became the world’s largest oil importer, surpassing the U.S. for the first time.  The U.S. reliance on imported oil has been declining ever since shale oil production began to rise in 2008.  We remain skeptical on the long-term viability of U.S. shale production, but that’s a different story.  You can see our posts on the subject here and here.  Going back to China, what does this mean for Middle East exporters?

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