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Sunday, November 29 - 2009

Shift in Arab investment likely

  • Thursday, May 18 - 2006 at 12:57

A declining US dollar could see more Arab oil producers diversify investments into regional and European markets and assets, Reuters quoted Deutsche Bank's chief economist as saying. Qatar's central bank has already indicated it could shift 40% of its reserves to euros, with the UAE considering a shift of up to 10%.

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