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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Wealthy Qatar in aggressive spending spree

Posted on 12 May 2010

From Dailymail.co.uk: There is a certain irony in the oil-rich Gulf state of Qatar snapping up Britain’s most famous department store. Back in 1916 the Arab emirate was a poor British protectorate. It was a convenient staging post for buccaneers en route to colonial interests in India.
But after hitting the big time with oil and discovering the world’s third-largest gas reserves, the tables have turned. The absolute monarchy is now using its former imperial master as a stopping point - its shop window for trophy assets - as it seeks to diversify its energy riches……………………………………….Full Article: Source


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