52 percent. From AFP (thanks to Rosie):
QATAR has upped its share in the London Stock Exchange to nearly 24 per cent, giving the gulf state and its neighbour Dubai a controlling stake of nearly 52 per cent.Quoting LSE sources, a Qatari newspaper reported the gas-rich Gulf state bought an additional 3 per cent of shares on Friday, a day after it bought a 20 per cent slice of Europe's oldest stock exchange.
The Qatar Investment Authority (QIA), the investment unit of the Qatar government, initially bought a 20.8 per cent stake off two hedge funds.
This would put the QIA's overall share in the LSE at nearly 24 per cent.
The United Arab Emirates' group Borse Dubai meanwhile agreed to buy a 28 per cent LSE holding from Nasdaq, meaning the two now hold nearly 52 per cent of the stock exchange.
This is the same as everything else we hear from them or those who enable them.
As long as there aren't too any moslems in the country.. these things can always be "nationalized".
Just as they did with our oil companies in the 70s.
Anyone remember how that went down? I was shocked that not a single Western Government declared War inb defense of their companies' assets.
Maybe it's time to repay the favor.
Does anybody like me, think that this stink of fish.
Does anybody like me, think that this stink of fish.
Are there any financial Whiz Kids out there who understand what this really means?
Dubai has control of the Nasdaq also. The Saudi's are "playing" around with the US dollar.
They have their tentacles in our media, they control the oil and now this.
Holger Dansker
I think it stinks also!
Muslims owning a stock exchange means nothing for infidels, really. What they can control is which company to list or unlist. But even here there's a plethora of regulation to abide by as the exchanges operate by local laws. Remember that a "Stock Exchange" is simply a trading space.
Infact it is a company by itself. in that theres always market space for another trading space company.
Which is vastly different from controlling a media conglomerate, as it can effectively turn it into a propaganda arm of the middle eastern theocracies.
However, in both cases information is key in a market economy. Information about who owns what, and connecting that to evidence about manipulation will deliver its result (if the population/customers care)
An Act to provide relief in the existing national emergency in banking, and for other purposes … All persons are hereby required to deliver on or before May 1, 1933, to a Federal Reserve bank or a branch or agency thereof or to any member bank of the Federal Reserve System all gold coin, gold bullion, and gold certificates now owned by them or coming into their ownership on or before April 28, 1933…
http://www.the-privateer.com/1933-gold-confiscation.html
I encourage the oil exporters to invest their proceeds in Western real estate. You know, things with foundations.
I expect some major changes in the UK , a lot more sharia type laws starting very soon.
I hope JW isnt hosted there.
The money in Qatar is Arab money. But in Dubai hundreds of billions of dollars in Iranian money has been invested. This should be kept in mind by the American government, as it seeks ways to damage economically the regime in Iran, in order to make it stop its headlong rush toward the acquisition of nuclear weapons. If it becomes clear that Dubai itself, and all those skyey scrapers, can be reduced to something quite different, and if the mere threat of that something quite different can cause real estate values in Dubai to collapse, this should cause the Iranian investors (including not a few of those Muslim clerics who run the Islamic regime in Iran and have been battening or fattening on whatever they can grab) to think twice about pursuing that nuclear program to its grim conclusion.
The next time you hear the word "Dubai" think "Iran" and "Iranian investors." As for Qatar, the treacherous Al-Thani support Al-Jazeera, now a subsidiary of the Ikhwan, or Muslim Brotherhood, and give aid and comfort as well to Al-Qaradawai. Don't be fooled by this or that ruler, or his good-looking "advanced" and "reform-minded" wife. Think of Al Jazeera instead.
"Qatar, Dubai gain control of London Stock Exchange
There's a very descriptive term nurses use when someone is so sick it's just a matter of time before they die: "circling the drain."
At a time when the British Foreign Office is 'selling off' its Embassy in Spain and intending the same for Embassy buildings in Washington and Paris-due to enormous & increasing
Security costs with surveillance of Terrorists on
U.K soil...Revealed in Daily Mail today, Britain pays the most of any country in the World for Legal Aid-well looks like Moslems are suceeding in
wrecking the economy in more ways than one. Watch out Infidels-this will all be coming to you-Soon!
The Islamofanatics are nothing if not superb Machiavellian practitioners of black intrigue. What better way to drop the equivalent of an electromagnetic pulse on an entire economy than with the weapon of stock exchange ownership? This is from the same playbook as the Dubai ports deal was. Go after our critical strategic non-military assets, control them and then put the economic squeeze on us. They did it with oil and they are using that as an example for further exploitation; but now they will use economic force to propagate Islam.
The bureaucrats in London, Washington, and New York should set aside their copies of Adam Smith and think about what is happening. These were major direct attacks on our nations' financial systems in an area where we have no line of defense.
If the Islamofanatics can buy the Nasdaq, what is to prevent them from buying the New York exchange, the Chicago exchange, etc., indeed, what is to prevent them from buying the Federal Reserve Bank? It is a private corporation I understand (if incorrect someone please correct me). Once they have economic control, Washington becomes irrelevant (residents might want to leave with their heads still on and head for umm, where? - Mexico maybe? Just tell them you are from the Beltway and they will let you in!).
The Secretary of the Treasury and the Chief of Economic Advisors should be raising hell about this. They should forget about this globalism crap and throw out Queensbury rules. They should go back to WWII economic controls on enemy assets. The Islamofanatics only rule is whatever it takes to win, to establish a world caliphate. They cannot win with a direct confrontation against a carrier group or an infantry division, but they can win with an economic scimitar wielded from Wall Street that would close the country down. They have got to be stopped!
More fool London for not having foreign investment board review of such a transaction.
Even if the USA actually embarked on Robert's oft-mentioned 'Manhatten project' to get us off oil, there is every possibility that the Gulf Arabs could buy their way into it....(as they've done everything else).
The Islamic realm might just use this unique historical window - the decades when uncounted oil riches filled their coffers - to capture the world.
I expect some major changes in the UK , a lot more sharia type laws starting very soon.
I hope JW isnt hosted there.
Posted by: KAOSKTRL
Not a chance of any Sharia type laws, not without a very long struggle. I for one will fight and so will many many others in the UK.
We will not submit.
No big deal really
Qatar & UAE are propably the most easy-going and progressive Muslim countries. They're just investing their oil money so it will still pay out when the oil wells run dry. I would do the same in their position. I don't know whether this fits into the whole Islamic expansion/world domination thing. I think they're just doing what it takes to keep their countries rich when the oil's gone.
I remember when I lived in South America, the leftists described such US investment as exploitation and theft of their countries, when in fact the South American countries really could not do without such investment. Same thing here - Arab money pouring into the UK is not a bad thing.