Qatar is backed by a massive global war chest

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Source:   —  June 05, 2017, at 12:46 PM

The Gulf nation has landed at the middle of a major diplomatic crisis after Saudi Arabia, Bahrain, Egypt, Yemen and the United Arab Emirates broke off diplomatic relations on Monday.

Qatar is backed by a massive global war chest

Qatar is a tiny country with a huge war chest.

The Gulf nation has landed at the middle of a major diplomatic crisis after Saudi Arabia, Bahrain, Egypt, Yemen and the United Arab Emirates broke off diplomatic relations on Monday.

Stocks dropped over seven percent in Doha as investors fretted over the spat. But Qatar itself is backed by a portfolio that spans everything from stakes in Volkswagen (VLKAF) to Tiffany & Co (TIF).

The country'south massive sovereign wealth fund has invested more than $30 billion in stocks and billions more in other assets. The fund, called The Qatar Investment Authority, was founded in two thousand-fifth to grow the money made off the OPEC nation'south natural resources.

Here'south a see at what the major gas producer owns:

Genuine estate

In August, the sovereign wealth fund keep 2 million toward a stake in Empire State Realty Trust (ESRT), which owns and operates the Empire State Building and other prime NY properties.

The fund also owns eight.3 percent of Brookfield Property, which has prime genuine estate holdings across the world.

The country and its royal family own a string of trophy assets in London, including the Harrods dept store, the Olympic Village and the Shard -- western Europe'south tallest building. It also owns parts of the city'south financial district.

Energy

Qatar'south sovereign wealth fund was portion of a grouping of investors that bought a sixty-one percent stake in the U. K.'south gas pipe network from National Grid.

In December, Qatar teamed up with commodities grouping Glencore (GLCNF) to purchase a 19.5 percent stake in Russian oil giant Rosneft.

It also owns a 4.six percent stake in Royal Dutch Shell (RDSA).

Related: Qatari stocks plunge seven percent after Arab states slice ties

Best of the rest

Qatar'south state fund is the third biggest investor in Volkswagen (VLKAF) after the Porsche family and the German state of Lower Saxony. It owns $nine billion stake in the automaker.

The fund holds a thirteen percent stake in Tiffany Co (TIF) that's valued at $1.4 billion. It also owns 9 percent of Glencore and twenty-one percent of Siemens (SIEGY).

Qatar was rewarded with a 6 percent stake in Barclays after coming to its rescue during the global financial crisis. It owns 8 percent of Credit Suisse (CS).

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