Business and finance 25 June 2013 Sheikh Tamim, and the UK's dwindling power in Qatar The new Emir of Qatar is the latest Middle Eastern monarch from Sandhurst or Oxbridge. Sign UpGet the New Statesman's Morning Call email. Sign-up The name "Doha", scholars believe comes from the Arabic ad-dawha, "the big tree". The capital of Qatar was so called, as the idea goes, because "the big tree" was the most significant aspect of the then fishing and pearling village on in the Persian Gulf. It was not all that long ago – perhaps 100 years – when Al Thani built the next significant feature: the Al Koot Fort. Today "Doha" means something entirely different. It means Al Jazeera, Qatar Airways, the 2022 World Cup, Museum of Islamic Art, Doha Cultural Festival, Qatar Investment Authority and capital of the nation with the world’s highest GDP per capita. But it also means arms for Syria, headquarters of the Taliban, ally of the Muslim Brotherhood and banker to the Arab Spring. In other words, this tiny country, mostly sounded by sea and ruled by a monarchy, has turned financial might into world dominance, notwithstanding a touch of controversy. Familiar? Sounds perhaps a little like the UK a few hundred years ago? But this is possibly not a coincidence. Today’s announcement by The Emir of Qatar, Sheikh Hamad bin Khalifa Al Thani to abdicate in favour of his son, Sheikh Tamim bin Hamad Al Thani is of surprising relevance to Britain. Aside from being ruled by Britain until 1971, both Tamim and his father were educated at The Royal Military Academy Sandhurst and through the Qatar Investment Authority, they own quite a few chunks of the UK: most notably Harrods, The Shard, much of Sainsbury’s, Canary Wharf Group and much of Barclays. Of all the diplomats trying to win an audience with Qatar’s young new ruler, Tamim, the British will be racing to be among the first. Assuringly, they may find much in common, aside from their thoroughly British educations. The new ruler is thought to have a clear liberalising agenda as chair of the 2030 Vision project. He is also interested in sport, having backed the World Cup in 2022, the failed bid to host the Olympic Games and the purchase of a Paris St Germain football club. So those questioning the UK’s influence in the Middle East in the aftermath of the Arab Spring should see Tamim as one of many Middle Eastern rulers inheriting a very British doctrine. He will join Sultan Qaboos of Oman, King Abdullah II of Jordan and King Hamad bin Isa Al Khalifa of Bahrain as one of the remaining monarchs educated at either Sandhurst or Oxbridge. Only this time – less than 50 years later – the tables have turned and Qatar now rules more of the UK, than the UK of it. › How the streaming-music boom is screwing over recording artists Qatari Crown Prince Sheikh Tamim Bin Hamad Al Thani. Photograph: Getty Images Oliver Williams is an analyst at WealthInsight and writes for VRL Financial News Subscribe For daily analysis & more political coverage from Westminster and beyond subscribe for just £1 per month!