Qatar loses $336 million after Sainsbury’s shares plummet

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Qatar Investment Authority (QIA) has suffered heavy losses following a sharp drop in the shares of British retailer Sainsbury’s, Bloomberg reported.

QIA owns more than a fifth of the chain's shares, which lost more than $336 million on Wednesday.

The Qatari Authority contributes to a number of companies suffering from heavy losses in the UK. In the banking sector, data show that Deutsche Bank, in which Doha owns significant stakes as well, fell 47 percent last year.

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