DOHA (Reuters) – Qatar named the head of its largest bank as the new trade minister and restructured the boards of its state-run energy firm and sovereign wealth fund amongst other changes in a top-level shake-up on Sunday. It was the first government reshuffle in Qatar, the world’s top liquefied natural gas producer, since early 2016, but diplomats and analysts said the changes did not represent a significant shift in power in the world’s largest liquefied natural gas exporter. The tiny but wealthy country has been subject to a diplomatic and economic boycott by Saudi Arabia, the United Arab Emirates, Bahrain and Egypt since June 2017. They accuse Qatar of backing terrorism and cosying up to Iran. Doha denies the charges and says the boycott aims to impinge on its sovereignty. Qatar’s ruler issued decrees outlining changes to the boards of Qatar Petroleum (QP) and Qatar Investment Authority (QIA), the world’s ninth largest sovereign wealth fund with about $300 billion in assets. A cabinet reshuffle saw Qatar National Bank (QNB) CEO Ali Ahmed al-Kuwari appointed to a new portfolio which combined commerce and industry under one ministry. Saad al-Kaabi, the chief executive of QP, was named Minister of State for… Read full this story
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