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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Is this good news or bad?

Posted on 17 December 2008

From Tnr.com: The sovereign-wealth fund owned by the United Arab Emirates has a $7.6 billion investment in Citigroup. The U.S. government is Citi’s largest shareholder.

Citigroup chairman Win Bischoff explained, “This is in line with our commitment to the (UAE) market in general, and reflects our positive outlook on Dubai in particular.”…. Full Article: Source


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