{"id":55122,"date":"2016-09-12T16:06:00","date_gmt":"2016-09-12T18:06:00","guid":{"rendered":"https:\/\/escaesco.com.br\/lab\/anba\/qatari-fund-incurs-usd-38-million-in-losses\/"},"modified":"2019-06-30T12:51:17","modified_gmt":"2019-06-30T15:51:17","slug":"qatari-fund-incurs-usd-38-million-in-losses","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/qatari-fund-incurs-usd-38-million-in-losses\/","title":{"rendered":"Qatari fund incurs USD 38 million in losses"},"content":{"rendered":"<p>S&atilde;o Paulo &ndash; The Qatar Investment Fund posted a net loss of USD 37.9 million in the financial year ended June 30. The result stemmed from low oil prices, the website of UAE daily <em>The National<\/em> said this Monday (12).<\/p>\n<p>&quot;During the 12 months the entire GCC region was hit by lower oil prices and bearish sentiment and Qatar was no exception,&quot; <em>The National<\/em> quoted the fund&rsquo;s chairman Nick Wilson as saying. In the 2015 financial year, Qatar Investment Fund had seen a net profit of USD 22.6 million. <\/p>\n<p>The daily stresses that the economies of Qatar and the Gulf are slowing due to falling energy prices, which are detracting from the profitability of listed equities. <\/p>\n<p>According to <em>The National<\/em>, Qatar, a member of the Organization of Petroleum Exporting Countries (Opec) and the world&rsquo;s top liquefied natural gas exporter, will see its first fiscal deficit in 15 years this year, as a result of lower energy revenue.<\/p>\n<p>Meanwhile, the Qatar Investment Fund expects Qatari economic growth to pick up on the back of a robust infrastructure pipeline, continued fiscal spending, and efforts to diversify the economy away from energy income. The fund forecasts 3.7% growth for the country for this year and the next. <\/p>\n<p>&quot;The board views the future of the company with confidence and firmly believes that continued growth in the non-hydrocarbon Qatari economy combined with improving demographics will lead to significant improvements in corporate profitability,&quot; said Wilson.<\/p>\n<p><strong>*Translated by Gabriel Pomerancblum<\/strong><\/p>\n<div class=\"credits-overlay\" data-target=\".wp-image-191519\">Press Release<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Such was the net loss posted by the Qatar Investment Fund in the financial year ended June 30. The performance was imputed to low oil prices.<\/p>\n","protected":false},"author":2316,"featured_media":191519,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[],"class_list":{"0":"post-55122","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy"},"wps_subtitle":"Such was the net loss posted by the Qatar Investment Fund in the financial year ended June 30. The performance was imputed to low oil prices.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/55122","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2316"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=55122"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/55122\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/191519"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=55122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=55122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=55122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}