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Sovereign Wealth Funds Briefing - Categorized | Market

Eyeing broader influence, gas-rich Qatar bets big on Libya

Posted on 10 June 2011

Gulf monarchy splashes millions on fuel, food and cash transfers for rebels. What’s behind Qatar’s generosity? It helps that it is so rich. Qatar’s copious gas reserves have made it one of the world’s wealthiest. Its $60-billion plus sovereign wealth fund owns stakes in banks Credit Suisse and Barclays, as well as London’s iconic department store Harrods.
“Qatar will soon — literally — have more money than it knows what to do with,” according to a 2008 U.S. diplomatic cable, obtained by WikiLeaks and reviewed by Reuters………………………………………..Full Article: Source


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