Barclays profits, seems like good investment for MENA SWFs

According to the AFP, “Barclays survived the international credit crunch without government support unlike rival British banks that were bailed out by the taxpayer.

Instead, the group won a seven-billion-pound capital injection largely backed by Abu Dhabi and Qatar. Abu Dhabi has since sold most of its holding, while Qatar’s sovereign wealth fund, the Qatar Investment Authority, has trimmed its Barclays stake.”

read more: AFP

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