Oil Nations Amassing Cash Hoards

[Washington Post] David Cho and Thomas Heath - Oil-rich Middle East states are aggressively stockpiling some of the largest concentrations of investment money in history. The government of Libya has amassed $40 billion and is ready to put it in play on Wall Street. Tiny Qatar is adding $1 billion a week to its investment coffers. The Abu Dhabi Investment Authority has an estimated $875 billion to invest. The price of oil reached $93.53 a barrel on Monday.

2007-11-01 01:00:00

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