25.08.2009 - Libya pours millions into City investments
From Guardian: The Libyan Investment Authority (LIA), which manages the country's $65bn (£40bn) oil wealth, has bought two buildings in recent months worth a combined £275m and instructed real estate advisers to look for more. The Tripoli-based LIA, a so-called sovereign wealth fund which looks after long-term state reserves, is looking to open its first branch in London – paving the way for billions of dollars worth of investment to be channelled through the City.............Full Article: Source
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