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Qatar delays planned IPO of Doha Global

May 12, 2013, 10:14 AM EDT
Women of Qatar sit in front of the skyline of the Pearl area on January 5, 2011 in Doha, Qatar.
Getty Images/Christof Koepsel

Qatar has delayed the planned floatation of Doha Global Investment, an offshoot of the emirate's sovereign wealth fund. Qatar said in February that the fund would transfer $3 billion to GDI with a matching sum to be raised from a public share sale on the Qatar Exchange. The bourse says the necessary approvals have not yet been obtained.