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Investcorp to invest in Gulf firms

Bahrain-based investment bank Investcorp said it may invest up to $150m in Gulf Arab firms, reported Reuters. The co-head of the fund, Christophe De Mahieu, said the firm usually invests Gulf Arab wealth in the West, but would begin deploying funds in 2008 from its $1bn Gulf Opportunity Fund into as many as 20 Gulf companies or projects. The investments would typically range between $20 million and $150 million in size, De Mahieu said.