30.03.2012 - Sovereign wealth fund hypocrisy
Ian Bell is right to express outrage at the suggestion that the Abu Dhabi sovereign wealth fund should be allowed to buy into RBS ("It is a breach of trust to sell stake in RBS to Abu Dhabi", The Herald, March 28). It is of particular interest that the prospective buyer is Abu Dhabi, almost a modern-day byword for wealth. Tens of thousands of Scots have been to Abu Dhabi in the past decade and have seen the fruits of the oil-generated wealth: an amazing transformation of a chunk of desert into a staggering metropolis in three decades...............................................Full Article: Source
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