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Sunday, October 23, 2011

PetroDollars: "Kuwait considers buying assets in Europe"

Kuwait is one of the smallest countries in the world in terms of land area..........from arabnews.............



"Kuwait, the world's No. 6 crude oil exporter, is one of the richest countries globally with its sovereign wealth fund, Kuwait Investment Authority, managing over $290 billion of assets. It has stakes in Citigroup, Daimler AG and Agricultural Bank of China among others.     
The European crisis "will have an impact but it is not that much for us. We are just waiting for the Europeans, what they are to do with their economy," Al-Shamali said".........READ MORE 

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