Qatar's Investment Authority To Invest US$1bn In Shipping Firm

Reports have emerged that Qatar's Investment Authority (QIA) has offered to invest US$1bn in the indebted French shipping line CMA CGM. While mindful of the fact that these reports are unsubstantiated, BMI notes that Qatar's interest in investing in and aiding the distressed global shipping sector has already been established, with QInvest linking up with Fortis Bank to create a US$200mn Islamic shipping fund.

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