Oil Producers See the World and Buy It Up

Quicklink submitted By   Follow Me on Twitter     Message Sheila Samples     Permalink
Related Topic(s): ; ; , Add Tags

View Ratings | Rate It

opednews.com

Become a Fan
  (43 fans)
Flush with petrodollars, oil-producing countries have embarked on a global shopping spree. With a bold outlay of $7.5 billion, the Abu Dhabi Investment Authority is about to become one of the largest shareholders in Citigroup.In late Oct, Dubai bought part of Och-Ziff Capital Management, a hedge fund in New York. Abu Dhabi this month invested in Advanced Advanced Micro Devices, and in Sept bought into the Carlyle Group.

Read the rest of the story HERE:

At www.nytimes.com

- Advertisement -
- Advertisement -