UPDATE 1-Gulf investors launch $2.8 bln in new Islamic firms
Reuters - USA
By John Irish DUBAI, Aug 27 (Reuters) - Three Gulf Arab banks will launch a specialised bank to finance infrastructure projects, an agriculture firm and a hospitality fund as rapid growth in the Middle East and North Africa lures billions in new investment. ...The ambitious plans, the latest in a string of multi-billion-dollar projects, come as a five-fold rise in oil prices since 2002 fuels breakneck growth in the energy exporting nations of the Gulf, Middle East and North Africa. ...
Thursday, August 28, 2008
Arab Banks Invest $2.8 Billion in Infrastructure, Agriculture and Hospitality
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