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calendar   Sunday - March 11, 2012

fire sale as Arab state buys Britain

Didn’t think I’d even boot this thing today but. Caught a couple of item I couldn’t hold for tomorrow.
I knew from the day we arrived here that this country was for sale. A piece at a time.
There just are not the Brit billionaires available to buy things. Like Harrods. Probably once the greatest dept. store in the entire world. And a lovely tea shop. Or it was when last we visited many yrs ago when the Brits still owned it.
It really is a world turned upside down, and it’s all Bush’s fault.

How Qatar bought Britain: They own the Shard. They own the Olympic Village. And they don’t care if their Lamborghinis get clamped when they shop at Harrods (which is theirs, too)
By EDNA FERNANDES in Doha

Creeping steadily above the London skyline, the Shard will be Europe’s tallest building when it is finally finished in a few weeks’ time: an extraordinary monument to glass, steel and sheer ambition.

And an appropriate symbol for the rise of its Qatari owners and their ever-growing influence here in Britain.

From the ruins of the financial crisis, this tiny Gulf state has snapped up a range of famous British assets, and if you were to take a look from the upper storeys of the Shard, quite a few would be in view.

To the east, Qatar owns swathes of the Canary Wharf financial district through its majority holding in Songbird Estates plc.

When Barclays was in trouble at the height of the banking turmoil, the Qatar Investment Authority (QIA) emerged as a white-knight investor, and became the biggest shareholder.

Over at Stratford stand the buildings of the Olympic Village – once the Games are finished this summer, QIA will take ownership.

Due west lie Harrods and, close by, No 1 Hyde Park, the world’s most expensive block of flats, also Qatari-owned.
image
The only time the Qataris have excited the curiosity of the British was when two of their royal family’s matching turquoise supercars were clamped outside Harrods, which they own

If I’m not mistaken, the bros. who own these cars, and they always buy matching cars together, have a newer set here. I believe their other ones were yellow.
And that was only just before Christmas. I think. 

From a standing start, in the last two years Qatar has become Britain’s biggest supplier of imported liquefied natural gas (LNG).

Last year Qatari LNG accounted for 85 per cent of Britain’s liquefied natural gas imports, providing power to homes across the land.

But that figure is rising, and by the final quarter of 2011, Qatari supplies had jumped to 95.5 per cent of our total LNG imports.

For some, at least, our dependence on Qatar for a major part of our power has become a significant cause for concern. (LNG already accounts for one quarter of the UK gas supply.)

As one union leader put it: ‘They have vast sums to spend, they invest in our strategic industries and that in turn allows them to influence the type of society we are.’

Certainly, as North Sea oil reserves diminish, this tiny Gulf state has become pivotal to Britain’s future energy security and our prosperity.

It is little wonder that both David Cameron and his predecessor as Prime Minister, Gordon Brown, have been assiduous in courting the Qatari leader, Emir Hamad bin Khalifa Al-Thani, and his glamorous wife, Sheikha Moza bint Nasser Al-Missned.

more to see and read, take a look at their skyline


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Posted by peiper   United States  on 03/11/2012 at 12:12 PM   
Filed Under: • Finance and InvestingUK •  
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Oh, and here's some kind of visitor flag counter thingy. Hey, all the cool blogs have one, so I should too. The Visitors Online thingy up at the top doesn't count anything, but it looks neat. It had better, since I paid actual money for it.
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