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Apr 30, 2007

The Gulf’s black gold

Gulf markets have accumulated a huge pool of investable wealth and Middle Eastern money is increasingly invested in the region.  International IR needs to step up its efforts to attract petrodollars.

Rising oil prices have brought increasing sums of cash flooding into the Middle East. Conscious that oil supplies will not last forever, the region is looking at alternative ways of generating value. The pool of investable wealth is impressive: with institutional assets growing rapidly, total wealth in the Arabian Gulf is estimated at around $3 tn, according to Bahrain-based investment products provider Investcorp. A substantial portion of Middle Eastern overseas investment stems from excess

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