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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Emirates flexes its financial muscle

Posted on 07 October 2008

From Latimes.com: No, no, no, he assured one of the businessmen buying the ailing Manchester City soccer club. The price tag for the British team wasn’t $4 billion, but a mere $400 million.

Even as the United States and much of the world reels from a succession of financial crises that are squelching access to credit and hampering economic growth in what a quarter of Americans are calling a depression, the oil-rich royal families of the Persian Gulf are bursting with cash they’re not afraid to spend….. Full Article: Source


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