Abu Dhabi and Qatar create 2 billion sovereign global fund

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The Managing Director of the Abu Dhabi government-owned International Petroleum Investment Co Ipic and Qatar Investment Authority (QIA) will invest 2 billion US dollars in a new fund for global acquisitions. Ipic and QIA will each spend $1 billion in the fund and investment will be leveraged to make best use of acquisition potential.

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At www.mercopress.com

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