Wednesday, August 18, 2010

Qatar and Saudi Arabia want to heart Israel: let Aljazeera report on this

"According to reports in Israel those shareholders are Olayan Group of Saudi Arabia, a manufacturing, services and investment conglomerate, the QIA, and IDB of Israel, a conglomerate controlled by Nochi Dankner, Israel’s most powerful businessman. IDB said that it would be investing $250m in the fund through two subsidiaries, Koor and Clal Insurance, giving it a share of about 25 per cent in the fund. This is the first time it has emerged that Gulf Arab investors have taken positions alongside an Israeli company. A spokesman for the QIA said that he had “no idea” about the fund and referred questions to Credit Suisse." (thanks Sami)