Qatar's emir heads to Berlin for talks aimed at boosting economic ties
Germany seeks alternative energy sources post-Ukraine invasion
Qatar has emerged as a mediator in regional conflicts
Some critics question ethics of cooperation due to Qatar's human rights record
By Riham Alkousaa
BERLIN, Oct 22 (Reuters) -German Chancellor Olaf Scholz will host Qatar's Emir, Sheikh Tamim bin Hamad Al Thani, at a baroque palace just north of Berlin on Tuesday for talks aimed at deepening economic and diplomatic ties.
The energy-rich Gulf Arab state has increasingly become a strategic partner for Germany since Russia's 2022 invasion of Ukraine forced Berlin to seek alternative sources of energy to Russian gas.
Qatar is also a key investor in the German economy, which could benefit from fresh funds as it faces its second consecutive year of contraction. One potential investment under discussion is Qatar's possible purchase of a stake in Berlin's main refinery, Schwedt, from Russia's Rosneft ROSN.MM.
Qatar has emerged as an important mediator in the Middle East, notably between Hamas and Israel. It played a role in the deportation of some Afghans from Germany. Global security issues are also on the agenda of talks, according to the German government.
"Germany has understood that the Gulf states have become a partner of necessity rather than a partner of choice," said Sebastian Sons, a researcher at the Bonn-based Center for Applied Research in Partnership with the Orient.
For Qatar, the partnership represents an opportunity to position itself as an essential global player, building alliances that provide protection and influence.
Scholz will host the emir at Meseberg Castle, with a meeting focused on deepening bilateral ties in energy, trade, and regional security, according to the chancellery.
Qatari Energy Minister Saad al-Kaabi will accompany the emir, as will Mansoor Ebrahim Al-Mahmoud, the head of Qatar Investment Authority, which has over the past 15 years built up stakes in major German companies including Deutsche Bank DBKGn.DE, RWE RWEG.DE and Volkswagen VOWG_p.DE.
A turning point in bilateral relations was Russia's invasion of Ukraine in February 2022. Later that same year, Qatar reached a deal to export liquefied natural gas (LNG) to Germany starting in 2026, with the agreement spanning at least 15 years.
Some critics have questioned the ethics of increasing cooperation with Qatar given concerns about its human rights record - issues that came sharply into focus during Qatar's hosting of the 2022 World Cup.
Frustrated by negative German media coverage during the World Cup, Doha has been working on rebranding itself by hosting cultural and media events in Berlin. A Qatari-German media dialogue earlier this month, for example, addressed stereotypes in German reporting about the region.
"In the end, they're sort of doing the German government a favour," said Christian Glaessel, a researcher at the Centre for International Security in Berlin. "In order to achieve policy changes, Qatar understands that they have to work on public opinion."
Reporting by Riham Alkousaa; Editing by Sarah Marsh and Matthew Lewis
Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
