Qatari Emir Sheikh Tamim announced a cabinet reshuffle on Tuesday.
He has appointed Ali Bin Ahmad Al Kawari as finance minister, according to a statement from the royal court. Mr Al Kawari was appointed as acting finance minister in May of 2021 after his predecessor was accused of misuse public funds. He was previously CEO of the Qatar National Bank Group as well as chairman of the board of the Qatar stock exchange and other companies.
He made 13 new appointments, two of whom were women.
Qatar recently held legislative elections to fill two-thirds, or 30 members, of the 45 seat Shura council. No women were elected to any of the positions. According to officials, there was a turnout of 63.5 per cent.
Who is in Qatar's new cabinet?
Ali bin Ahmad Al Kawari, Finance Minister
Jassim bin Seif bin Ahmad Al Sulaiti, Transport Minister
Salah bin Ghanim Al Ali, Sports and Youth Minister
Abdullah bin Aziz bin Turki Al Sabii, Municipality Minister
Ghanim bin Shahin bin Ghanim Al Ghanim, Awqaf and Islamic Affairs Minister
Mohammad bin Hamad bin Qassim Al Abdullah Al Thani, Trade and Industry Minister
Buthainah bint Ali Al Jabr Al Nuaimi, Education and Higher Education Minister
Abdul Rahman bin Hamad bin Jasim bin Hamad Al Thani, Culture Minister
Faleh bin Nassir bin Ahmad bin Ali Al Thani, Environment and Climate Change Minister
Ali bin Saeed bin Samikh Al Mirri, Labour Minister
Mohammad bin Ali Bin Mohammad Al Manai, Communications and IT Minister
Mariam bint Ali bin Nassir Al Masnad, Social Development and Family Minister
Mohammad bin Abdullah bin Mohammad Al Yousef Al Sulaiti, Minister of State for Cabinet Affairs
Golden Shoe top five (as of March 1):
Harry Kane, Tottenham, Premier League, 24 goals, 48 points
Edinson Cavani, PSG, Ligue 1, 24 goals, 48 points
Ciro Immobile, Lazio, Serie A, 23 goals, 46 points
Mohamed Salah, Liverpool, Premier League, 23 goals, 46 points
Lionel Messi, Barcelona, La Liga, 22 goals, 44 points
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MATCH INFO
Uefa Champions League final:
Who: Real Madrid v Liverpool
Where: NSC Olimpiyskiy Stadium, Kiev, Ukraine
When: Saturday, May 26, 10.45pm (UAE)
TV: Match on BeIN Sports
How to get exposure to gold
Although you can buy gold easily on the Dubai markets, the problem with buying physical bars, coins or jewellery is that you then have storage, security and insurance issues.
A far easier option is to invest in a low-cost exchange traded fund (ETF) that invests in the precious metal instead, for example, ETFS Physical Gold (PHAU) and iShares Physical Gold (SGLN) both track physical gold. The VanEck Vectors Gold Miners ETF invests directly in mining companies.
Alternatively, BlackRock Gold & General seeks to achieve long-term capital growth primarily through an actively managed portfolio of gold mining, commodity and precious-metal related shares. Its largest portfolio holdings include gold miners Newcrest Mining, Barrick Gold Corp, Agnico Eagle Mines and the NewMont Goldcorp.
Brave investors could take on the added risk of buying individual gold mining stocks, many of which have performed wonderfully well lately.
London-listed Centamin is up more than 70 per cent in just three months, although in a sign of its volatility, it is down 5 per cent on two years ago. Trans-Siberian Gold, listed on London's alternative investment market (AIM) for small stocks, has seen its share price almost quadruple from 34p to 124p over the same period, but do not assume this kind of runaway growth can continue for long
However, buying individual equities like these is highly risky, as their share prices can crash just as quickly, which isn't what what you want from a supposedly safe haven.
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Profile of Tarabut Gateway
Founder: Abdulla Almoayed
Based: UAE
Founded: 2017
Number of employees: 35
Sector: FinTech
Raised: $13 million
Backers: Berlin-based venture capital company Target Global, Kingsway, CE Ventures, Entrée Capital, Zamil Investment Group, Global Ventures, Almoayed Technologies and Mad’a Investment.