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Reuters
25-06-2025
- Business
- Reuters
QIA launches $200 million fund with Fiera Capital to boost investment in Qatari stocks
DUBAI, June 25 (Reuters) - The Qatar Investment Authority and Canadian asset manager Fiera Capital ( opens new tab have launched a $200 million fund to boost foreign and local investment into the Gulf state's stock market, QIA said on Wednesday. The fund was announced just days after a major escalation in tensions in the Middle East after Iran on Monday fired missiles at a U.S. military base in Qatar in response to U.S. attacks on Iranian nuclear sites. The Fiera Qatar Equity Fund will be structured as a daily-dealing mutual fund, and QIA - the country's $500 billion sovereign wealth fund - will be its anchor investor, it said in a statement. "Attracting overseas asset managers to invest in Qatar equity will fuel market participation and help to diversify and broaden the market," QIA Chief Executive Mohammed Saif Al-Sowaidi said. Qatar is one of the world's biggest exporters of liquefied natural gas. Like other Gulf oil and gas exporters, it is trying to diversify its economy away from hydrocarbons, and attract increased foreign investment. While neighbours Saudi Arabia and the United Arab Emirates have experienced an IPO boom in recent years, market insiders have attributed the lack of Qatari deals to the impact of the COVID-19 pandemic and the country's focus on the 2022 World Cup. The tie-up with Toronto-listed Fiera Capital, which had $117 billion in assets as of March 31, is part of the QIA's broader initiative to establish partnerships with global asset managers who have a Gulf focus, as well as local asset managers. They include Ashmore Group (ASHM.L), opens new tab, which has launched a $200 million fund with the QIA and last month opened a Doha office. Following this week's escalation, a ceasefire between Iran and Israel was announced by Washington.
Yahoo
31-05-2025
- Entertainment
- Yahoo
PSG have achieved 'our ultimate goal', says Luis Enrique
Paris Saint-Germain coach Luis Enrique said he and the club had achieved their "ultimate goal" by winning the Champions League after the 5-0 thumping of Inter Milan. Since their Qatari takeover in 2011, PSG have won 11 of the past 13 French titles but the grand prize for which the club had spent big had always eluded them. Advertisement On Saturday, PSG sliced Inter to pieces at the Allianz Arena to emphatically put that right. Luis Enrique, who won the Champions League at the helm of Barcelona in Berlin in 2015, said he had his sights set on the title ever since he took over in the French capital in 2023. "On my first day at the PSG campus, my French was even worse than it is today. But I said the ultimate goal for me as a coach was to fill the trophy cabinet," the Spaniard said. "The only trophy missing was Champions League. And we've ticked that box. We were ambitious, and we did it. "It's in the bag and it's coming home with us tomorrow." Advertisement The manager singled out forward Ousmane Dembele for special praise, calling him "incredible" and saying "he deserves to win the Ballon d'Or." The coach paid tribute to his daughter Xana, who passed away from cancer in 2019 aged nine. After the full-time whistle, the French fans unfurled a banner depicting father and daughter planting a PSG flag into the ground, just as the two had done with a Barcelona flag in Berlin a decade earlier. "It was emotional. It's beautiful that the supporters thought about me and my family. But I don't need to win the Champions League or even a game to think about my daughter," Luis Enrique said. "She's always with me. She's supporting me, and our family, and I feel her presence." dwi/gj
The Independent
31-05-2025
- Entertainment
- The Independent
PSG v Inter Milan LIVE: Team news and line-ups from Champions League final in Munich
PSG take on Inter Milan tonight in the Champions League final as Luis Enrique bids to finally deliver the European crown to Paris. The French giants' only European trophy came when they won the 1996 Cup Winners' Cup, and the Champions League has been the stated goal ever since the Qatari buyout in 2011. They came close in 2020, losing to Bayern Munich in the final, and a vibrant young side led by their passionate Spanish manager are determined to go one step further here in Munich. Standing in PSG's way are Simone Inzaghi's Inter Milan side who dramatically knocked out Barcelona in the semi-finals. Inter, who lifted the European Cup in 1964, 1965 and 2010, also have unfinished business in this competition after defeat by Manchester City in the final two years ago. Who will be crowned the new kings of Europe? PSG hoping to battle through trauma The terms 'Champions League final' and 'Munich' do not spark happy thoughts for PSG when used in the same sentence. PSG failed to win Europe's most coveted prize at their previous time of asking, losing to Bayern Munich in an echoey final in 2020. Five years on, they play at the home of their heartbreakers as they stand within touching distance of their holy grail. Will Castle31 May 2025 18:00 Inter's last trip to Munich Simone Inzaghi's side fared pretty well when they visited the Allianz earlier this season. A good omen for the Nerazzurri? Will Castle31 May 2025 17:45 After finishing fourth in the league phase, Inter have not lost a game on their way to the final. Here's their route to Munich: Round of 16 Feyenoord 0-2 Inter Milan Inter Milan 2-1 Feyenoord (agg 4-1) Quarter-finals Bayern Munich 1-2 Inter Milan Inter Milan 2-2 Bayern Munich (agg 4-3) Semi-finals Barcelona 3-3 Inter Milan Inter Milan 4-3 Barcelona (7-6 agg) Will Castle31 May 2025 17:30 Road to the final: PSG After scraping through an underwhelming league phase in 15th, PSG turned it up a gear to produce a campaign worthy of a European final. Here's their route to Munich: Knockout play-offs Brest 0-3 PSG PSG 7-0 Brest (agg 10-0) Round of 16 PSG 0-1 Liverpool Liverpool 0-1 PSG (agg 1-1, PSG won 4-1 on penalties) Quarter-finals PSG 3-2 Aston Villa Aston Villa 2-2 PSG (agg 4-5) Semi-finals Arsenal 0-1 PSG PSG 2-1 (agg 3-1) Will Castle31 May 2025 17:15 Three hours until kick-off Safe to say the mood is building in Munich! Will Castle31 May 2025 17:00 Pre-final preparations in Munich Will Castle31 May 2025 16:45 Are the 'best team' in the Champions League... not in the final? Mikel Arteta will certainly believe so! Despite crashing out to finallists PSG in the previous round, the Arsenal boss is convinced that his side was a level above the competition. 'I don't think there's been a better team [than Arsenal] in the competition from what I have seen, but we are out,' Arteta told TNT Sports after the semi-final defeat in Paris. He later reiterated his claim, saying: '100 percent. Watching it back, watching the stats. It's very clear but its not about the winning probability, it's about making it count.' Was this pride, arrogance or just plain delusion? Miguel Delaney had his say: Mikel Arteta comments reveal Arsenal delusion and why other clubs dislike them Arteta's claim that Arsenal were the best team in the Champions League brought a reaction after the Gunners were knocked out in the semi-finals by PSG Will Castle31 May 2025 16:30 Novak Djokovic scheduled to play during Champions League final as French Open request denied Not everyone in Paris will be watching tonight's final... Novak Djokovic had his request to watch the Champions League final denied after being scheduled to play at Roland Garros on Saturday night. A host of top players, including Paris Saint-Germain fan Arthur Fils, had pleaded with organisers to ensure their French Open third-round matches did not clash with the big game against Inter Milan in Munich. But the Djokovic received bad news on Friday afternoon as his clash with Austrian Filip Misolic will begin at 8.15pm local time, 45 minutes before the final kicks off. Djokovic match to clash with Champions League final as French Open request denied The 24-time grand slam champion had expressed a desire to watch PSG face Inter Milan in Munich Will Castle31 May 2025 16:15 Who will win Ballon d'Or 2025? Tonight's result could have major ramifications on who takes home the Ballon d'Or in September. The Independent has already narrowed the chasing pack down five top contenders: Mohamed Salah Ousmane Dembele Lamine Yamal Raphinha Lautaro Martinez Here's a deeper look at those frontrunners: The Ballon d'Or ceremony takes place earlier than usual this year Will Castle31 May 2025 16:00 Luis Enrique issues rallying cry as PSG target Champions League glory Luis Enrique has called on his Paris St Germain players to seize their chance to "write themselves into the club's history" by winning the Champions League. Enrique told the club's official website: 'We all want to make history and to win Paris St Germain's first-ever Champions League. 'Winning a trophy for the first time is always the hardest, but that's what motivates me. There are only two teams and one game left, and I think that we can be proud of what we've accomplished, but we need to finish the job because our aim is to go down in history. 'Our team deserves to experience this final. I have no doubts about the fact that Paris St Germain's fans and the club itself deserve to win this trophy. 'I don't know if it'll happen on May 31, a year later or two, three or four years later, but I hope that we'll be the first ones to write that history because that's what's motivated us since we first set foot in Paris.' Will Castle31 May 2025 15:45
The Independent
31-05-2025
- Entertainment
- The Independent
PSG v Inter LIVE: Team news and build-up to Champions League final in Munich tonight
PSG take on Inter Milan tonight in the Champions League final as Luis Enrique bids to finally deliver the European crown to Paris. The French giants' only European trophy came when they won the 1996 Cup Winners' Cup, and the Champions League has been the stated goal ever since the Qatari buyout in 2011. They came close in 2020, losing to Bayern Munich in the final, and a vibrant young side led by their passionate Spanish manager are determined to go one step further here in Munich. Standing in PSG's way are Simone Inzaghi's Inter Milan side who dramatically knocked out Barcelona in the semi-finals. Inter, who lifted the European Cup in 1964, 1965 and 2010, also have unfinished business in this competition after defeat by Manchester City in the final two years ago. Who will be crowned the new kings of Europe? Inter out to avenge 2023 heartbreak Inter Milan are determined to avenge their 2023 Champions League final loss, though manager Simone Inzaghi warned on Friday against letting determination become obsession against Paris St Germain in this year's final. While Inter's domestic campaign ended trophyless, in Europe, Inzaghi and his players are desperate to banish the ghosts of Istanbul and their defeat to Manchester City, but they will not let their resolve turn into fixation ahead of tonight's showdown in Munich. "I have seen determination and not the obsession that shouldn't be there," Inzaghi told reporters. "Instead, there should be the right concentration and determination, and this is what the guys have shown me in these days. "I asked during the week for concentration and determination, but not obsession, we must be free, free of mind in preparing in the best possible way." Lawrence Ostlere31 May 2025 10:02 Champions League final – PSG v Inter Milan Welcome along to live coverage of tonight's Champions League final in Munich, where Paris Saint-Germain bid to win their European Cup, and Inter Milan try to claim the fourth in their history. We'll have all the team news and build-up right here. Lawrence Ostlere30 May 2025 18:45
Bloomberg
29-05-2025
- Business
- Bloomberg
Rixos Hotels Bets on Gulf Boom With $3 Billion Qatar Project
The Turkish owner of the Rixos Hotels is expanding beyond Europe and Central Asia to bet big on the Gulf with a $3 billion investment in Qatar's capital. The firm will build hotels, an amusement park as well as some residential and retail properties on beach-front land north of Doha, Chairman Fettah Tamince said in an interview. They will be part of Qatar's mammoth Simaisma tourism development and the investments will be made over the next three to four years.
