| Among the sovereign wealth funds that allow nations to make foreign investments in their national interests, the Qatar Investment Authority (QIA), representing the oil-rich Gulf state, is one of the wealthiest. A Carnegie Endowment study showed the QIA amassed assets of $70 billion as of 2010.
This year, the QIA is poised to put $35 million into a set of U.S. investments, including the buyout of a division of American Express and other key investments. The QIA also plans to set up a new office in New York. Qatar officials says they just want to be closer to partners, and they highlight the creation of U.S. jobs...............................................Full Article: Source
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