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Qatar and Kuwait funds pursuing Poland's privatisations
Source: BI-ME , Author: BI-ME staff
Posted: Wed December 10, 2008 12:00 am
INTERNATIONAL. The government-backed investment arms of Kuwait and Qatar are interested in the privatisation of Poland’s leading fertiliser makers Pulawy and Police, the head of Polish investment agency PAIiIZ said yesterday.

“There are a couple of sovereign wealth funds interested in a passive form of investing,” Pawel Wojciechowski told reporters.

He mentioned Kuwait Investment Authority and Qatar’s sovereign wealth fund as being interested in investments ranging from the purchase of a stake in the Warsaw Stock Exchange and Polish shipyards to real estate and the chemicals sector.

Poland has earmarked the equivalent of US$3.9 billion from the sale of the state-controlled companies in the next year’s budget, but the global financial crisis could makes these plans difficult to achieve.

Earlier this year the government unveiled plans to consolidate the state-controlled chemicals companies into two larger groups and sell them to investors by the end of 2010.

But cash-rich sovereign wealth funds from Asia and the Middle East may be turning cautious after getting burnt by investments in Western firms hit by the current financial turmoil, analysts said.
 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: November 25, 2014
INTERNATIONAL. In the end, it is unlikely that the territorial Islamic State can survive. The truth is that Turkey, Iran and Saudi Arabia are all waiting for the U.S. to solve the problem with air power and a few ground forces. These actions will not destroy IS, but they will break the group's territorial coherence.
date:Posted: November 25, 2014
BAHRAIN. The "increasingly deregulated and competitive economic environment is facilitating rapid growth in business development within the private sector."
date:Posted: November 25, 2014
INTERNATIONAL. Participants in the global oil market are eagerly awaiting the Opec meeting on November 27, which could potentially set the tone and the direction of oil prices.
INTERNATIONAL. In the end, it is unlikely that the territorial Islamic State can survive. The truth is that Turkey, Iran and Saudi Arabia are all waiting for the U.S. to solve the problem with air power and a few ground forces. These actions will not destroy IS, but they will break the group's territorial coherence.
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