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The Abu Dhabi based Mubadala Development Company acquired stakes in the private equity firm Carlyle group and the chip manufacturer AMD.
Apart from investing in the west, the middle-east countries have also invested large sums of capital in Asian and other emerging markets. For example, Kuwait is building a $5 billion refinery in the Guangdong province in China. On the Hainan Island in China, Saudi Arabia is setting up crude oil facilities with a capacity of 30 million metric tons. Since India shares strong diasporic links with GCC states these member states are strengthening their trade relations with India...
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