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Market Chatter: Qatar Reportedly Rejects Volkswagen, Rafael's Planned Defense Cooperation

MT Newswires·07/10/2026 10:19:06
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10:19 AM EDT, 07/10/2026 (MT Newswires) -- Qatar blocked Volkswagen (VOW.F) and Israeli defense company Rafael Advanced Defense Systems' proposed joint venture to produce air defense systems at a site in Osnabrück, Germany, Bloomberg News reported Friday, citing sources. The Qatar Investment Authority is the German carmaker's third-largest shareholder with a 10% stake and 17% of the voting rights. Volkswagen, Rafael, and the Qatar Investment Authority did not immediately respond to MT Newswires' requests for comment. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)