Complaint may hit Barclays' SWF plan

[PoBox]

Complaint may hit Barclays' SWF plan
By Daniel Thomas and Simeon Kerr

Published: June 23 2008 03:00 | Last updated: June 23 2008 03:00

Barclays' attempts to raise £4bn from sovereign wealth investment groups face a potential setback after a member of the Qatari royal family publicly criticised the UK bank over an alleged €50m (£40m) fraud in Spain.
The complaint could be an embarrassment for Barclays in its capital-raising negotiations with sovereign wealth funds, including the Qatari Investment Authority, which is controlled by the ruling Al-Thani family.

Sheikh Abdul Aziz bin Kahalifa Al-Thani will today write to the board of Barclays complaining of negligence and his treatment by the bank, which he alleges still owes him, after certain repayments, about €42m from a fraud committed five years ago. A letter has already been sent to lawyers acting for Barclays in Spain.
The letter apparently contains thinly veiled references to the bank's potential fundraising from the QIA, warning of implications caused by the bank's stance in the dispute.
People aware of the matter in Qatar question if Sheikh Abdul Aziz, half-brother to emir Sheikh Hamad bin Khalifa Al Thani, has significant clout, as he was on the wrong side of a palace coup in 1995. Hamad bin Jassim Al Thani, head of the QIA, backed the current emir. But a spokesman for the sheikh said he had a "great relationship" with the emir and differences had since been resolved.
The sheikh said yesterday there had been a "complete absence of control and accountability" at Barclays.
There is an ongoing criminal investigation in Spain into the alleged fraud, which centres on sums withdrawn from a bank account in the sheikh's name at Barclays' Marbella branch between 2001 and 2003. Barclays declined to comment.


يصير نحط اخبار تخص الاقتصاد القطري بالعنجليزي ولا مايصير
حطيت المشاركة كتجربة واتمنى نشوف راي الاخوة مرتادي القسم

اشوف الجرايد الاجنبية اخبارها التفصيلية عن قطر اكثر من الجرايد القطرية احيانا وتسبقها

مش فلسفة يادوب نفك الخط ،، :rolleyes2: ،،
بس اعتقد شي مفيد نلم المواضيع من اكثر من مكان

في انتظار آراء مرتادي القسم ومسؤوليه ..

[Bin Hood]

بوبكسنج عن حركات النص كم

[PoBox]

Qatar fund in rift with adviser
By Anousha Sakoui and Martin Arnold in London


The relationship between the Qatar Investment Authority and Three Delta, its UK investment adviser run by Paul Taylor, has broken down and the sovereign wealth fund is working on buying out his interest in Four Seasons, the nursing home operator].

The potential split between Mr Taylor and QIA, which made an abortive takeover bid for the J Sainsbury’s supermarket chain last year, [could lead to the sovereign wealth fund’s buying out all four investments made since Three Delta’s creation two years ago.
“Relations have been breaking down,” said a person familiar with the situation.

The QIA is to hire Credit Suisse to advise it on its troubled investment in Four Seasons made through the Delta fund which is advised by Mr Taylor’s Three Delta.

Four Seasons is the UK’s third largest nursing home operator behind Southern Cross and Bupa, with 333 care homes running nearly 17,000 beds. It is facing a massive refinancing in three months of £1.2bn (€1.52bn) of its £1.5bn debt load.

A person close to the QIA said: “As a limited partner, QIA has had no management input into the running of this investment. It is too early to say what the QIA will do although efforts are being made to find a solution.”

“It is important to understand that the lenders are now in the driving seat and no decision about the future of Four Seasons can be taken without their contribution,” said the person.

“The QIA is making every possible effort, in association with Credit Suisse and other advisers, to get comfortable with valuations and to open up discussions with the lenders.”

The QIA is considering a deal to buy out Mr Taylor’s 50 per cent stake in the Delta Fund, in which the sovereign wealth fund run by Sheikh Hamad bin Jassem al Thani, the Qatari prime minister, is the biggest investor.

The Delta Fund spent about £3bn on four UK care businesses: Care Principles, NHP, Senad and Four Seasons. The 25 per cent stake in J Sainsbury bought by Delta Two, under Mr Taylor’s guidance, has since been transferred to the QIA and is not affected by the potential split.

Three Delta’s £1.4bn buyout of Four Seasons is under most pressure because at least £1.2bn of its £1.5bn debt load is due for repayment in just three months time.

Investors have been approached to either take an equity stake in the business, provide mezzanine debt finance or even to acquire the business as a going concern, although conversations are at a very early stage.

Four Seasons faces a tough time because the credit crunch has led to banks reducing the amount they are willing to lend against property assets.

Three Delta and Credit Suisse declined to comment

[PoBox]

بوبكسنج عن حركات النص كم

حركات شو ؟؟
موافق ولا معارض وليش
تقدر ترفض وينتهي الموضوع ويتم منع وضع اخبار اجنبية
الموضوع لاخذ آرائكم ،،

[Bu Rashid]

Dear PoBoxing
First thank you for the news
Second I really support you specially if it has more information which has not been announced in Arabic news

Regards and wish you all the best

[ضوى]

لا اؤيد

انا بالزور اقرا اخبار الاقتصاد بالعربي بعد اقراها بالانجليزي ؟؟

دخيل الله كفياية عنجريزي بالشغل عنجريزي بالبيت تدريس بالعنجريسي يعني المنتدى اللي ادخله ابي أقرى فيه بالعربي

[PoBox]

Dear PoBoxing
First thank you for the news
Second I really support you specially if it has more information which has not been announced in Arabic news

Regards and wish you all the best




لا اؤيد

انا بالزور اقرا اخبار الاقتصاد بالعربي بعد اقراها بالانجليزي ؟؟

دخيل الله كفياية عنجريزي بالشغل عنجريزي بالبيت تدريس بالعنجريسي يعني المنتدى اللي ادخله ابي أقرى فيه بالعربي

ماراح نلغي العربي
ولا بنعقب انجليزي

لااؤيد :omen2: انتي متى دخلتي هالقسم :omen2:

خلاص كنسلنا ،،
اللي يبي يروح يقرا الانجليزي من الجريده احسن :threaten:


www.ft.com
http://www.timesonline.co.uk
http://www.bloomberg.com/index.html?Intro=intro3
http://www.forbes.com/
http://money.cnn.com/
etc
etc
etc

[ضوى]

ماراح نلغي العربي
ولا بنعقب انجليزي

لااؤيد :omen2: انتي متى دخلتي هالقسم :omen2:

خلاص كنسلنا ،،
اللي يبي يروح يقرا الانجليزي من الجريده احسن :threaten:


www.ft.com
http://www.timesonline.co.uk
http://www.bloomberg.com/index.html?Intro=intro3
etc
etc
etc


تصدق الحين اكتشفت اني ما ادخل اخبار الاقتصاد :rolleyes2::rolleyes2:

بس من شفت اسم كاتب الموضوع دخلت والله ولا ادري باي قسم الموضوع

السموحة اخوي الصغير :secret:

[FG]

أخويPoBoxing

تدري أنه دائماً أحصل الأخبار نفسها بالجرائد الأنجليزية بس بالتفصيل ..

وبعض المرات أحصل أخبار موجودة بالصحف الأنجليزية بس .. وأتكون أخبار مؤثرة ..

ولنا في خبر فودافون مثال ..

[بوناصر-قطر]

السلام عليكم ورحمة الله وبركاته

اولا" هل الموضوع مازال مفتوح والا تم اغلاقه؟

اذا تسكر فلا حول ولا قوة الا بالله

واذا مازال مفتوح فأقول
الاخبار بالانجليزي زينه وايد بس موب كل ماينكتب يجب أن ينقل
يعني الخبر الأول فيه شيء من الخصوصية في مجتمعنا،
مع الأسف هالخصوصية غير موجودة في بلاد برى
ولهذا أكرر وأقول بأنه ليس كل ماينكتب يجب أن ينقل

ودقي يا مزيكا ... وسلامتها أم حسن

[بوناصر-قطر]

Complaint may hit Barclays' SWF plan
By Daniel Thomas and Simeon Kerr

Published: June 23 2008 03:00 | Last updated: June 23 2008 03:00

Barclays' attempts to raise £4bn from sovereign wealth investment groups face a potential setback after a member of the Qatari royal family publicly criticised the UK bank over an alleged €50m (£40m) fraud in Spain.
The complaint could be an embarrassment for Barclays in its capital-raising negotiations with sovereign wealth funds, including the Qatari Investment Authority, which is controlled by the ruling Al-Thani family.

Sheikh Abdul Aziz bin Kahalifa Al-Thani will today write to the board of Barclays complaining of negligence and his treatment by the bank, which he alleges still owes him, after certain repayments, about €42m from a fraud committed five years ago. A letter has already been sent to lawyers acting for Barclays in Spain.
The letter apparently contains thinly veiled references to the bank's potential fundraising from the QIA, warning of implications caused by the bank's stance in the dispute.
People aware of the matter in Qatar question if Sheikh Abdul Aziz, half-brother to emir Sheikh Hamad bin Khalifa Al Thani, has significant clout, as he was on the wrong side of a palace coup in 1995. Hamad bin Jassim Al Thani, head of the QIA, backed the current emir. But a spokesman for the sheikh said he had a "great relationship" with the emir and differences had since been resolved.
The sheikh said yesterday there had been a "complete absence of control and accountability" at Barclays.
There is an ongoing criminal investigation in Spain into the alleged fraud, which centres on sums withdrawn from a bank account in the sheikh's name at Barclays' Marbella branch between 2001 and 2003. Barclays declined to comment.


يصير نحط اخبار تخص الاقتصاد القطري بالعنجليزي ولا مايصير
حطيت المشاركة كتجربة واتمنى نشوف راي الاخوة مرتادي القسم

اشوف الجرايد الاجنبية اخبارها التفصيلية عن قطر اكثر من الجرايد القطرية احيانا وتسبقها

مش فلسفة يادوب نفك الخط ،، :rolleyes2: ،،
بس اعتقد شي مفيد نلم المواضيع من اكثر من مكان

في انتظار آراء مرتادي القسم ومسؤوليه ..





السلام عليكم ورحمة الله وبركاته

اولا" هل الموضوع مازال مفتوح والا تم اغلاقه؟

اذا تسكر فلا حول ولا قوة الا بالله

واذا مازال مفتوح فأقول
الاخبار بالانجليزي زينه وايد بس موب كل ماينكتب يجب أن ينقل
يعني الخبر الأول فيه شيء من الخصوصية في مجتمعنا،
مع الأسف هالخصوصية غير موجودة في بلاد برى
ولهذا أكرر وأقول بأنه ليس كل ماينكتب يجب أن ينقل

ودقي يا مزيكا ... وسلامتها أم حسن


بوكسي تفضل

شيخ قطري يطالب باركليز بتسوية تحايل قيمته 78 مليون دولار ( ادعس هنا ) (http://qatarshares.com/vb/showthread.php?t=183967)

:court::court::court:

[عضو المنتدى]

بوكسي تفضل

شيخ قطري يطالب باركليز بتسوية تحايل قيمته 78 مليون دولار ( ادعس هنا ) (http://qatarshares.com/vb/showthread.php?t=183967)

:court::court::court:

نهب 78 مليون دولار وأخرتها يطالبون بتسوية فقط :eek5: !!!!!!:anger1:

[الوعب]

Complaint may hit Barclays' SWF plan
By Daniel Thomas and Simeon Kerr

Published: June 23 2008 03:00 | Last updated: June 23 2008 03:00

Barclays' attempts to raise £4bn from sovereign wealth investment groups face a potential setback after a member of the Qatari royal family publicly criticised the UK bank over an alleged €50m (£40m) fraud in Spain.
The complaint could be an embarrassment for Barclays in its capital-raising negotiations with sovereign wealth funds, including the Qatari Investment Authority, which is controlled by the ruling Al-Thani family.

Sheikh Abdul Aziz bin Kahalifa Al-Thani will today write to the board of Barclays complaining of negligence and his treatment by the bank, which he alleges still owes him, after certain repayments, about €42m from a fraud committed five years ago. A letter has already been sent to lawyers acting for Barclays in Spain.
The letter apparently contains thinly veiled references to the bank's potential fundraising from the QIA, warning of implications caused by the bank's stance in the dispute.
People aware of the matter in Qatar question if Sheikh Abdul Aziz, half-brother to emir Sheikh Hamad bin Khalifa Al Thani, has significant clout, as he was on the wrong side of a palace coup in 1995. Hamad bin Jassim Al Thani, head of the QIA, backed the current emir. But a spokesman for the sheikh said he had a "great relationship" with the emir and differences had since been resolved.
The sheikh said yesterday there had been a "complete absence of control and accountability" at Barclays.
There is an ongoing criminal investigation in Spain into the alleged fraud, which centres on sums withdrawn from a bank account in the sheikh's name at Barclays' Marbella branch between 2001 and 2003. Barclays declined to comment.


يصير نحط اخبار تخص الاقتصاد القطري بالعنجليزي ولا مايصير
حطيت المشاركة كتجربة واتمنى نشوف راي الاخوة مرتادي القسم

اشوف الجرايد الاجنبية اخبارها التفصيلية عن قطر اكثر من الجرايد القطرية احيانا وتسبقها

مش فلسفة يادوب نفك الخط ،، :rolleyes2: ،،
بس اعتقد شي مفيد نلم المواضيع من اكثر من مكان

في انتظار آراء مرتادي القسم ومسؤوليه ..



اي معلومه فيها منفعه و مفيده تنحط بالمنتدى حتى لو بالانجليزي