Friday 19 June 2009

Middle East companies help bail out debt-ridden UK property firms

Middle Eastern foreign investment has accounted for the most recent flow of capital into London, investment experts say.

Companies from the Gulf Co-operation Council (GCC) have stepped in at the 11th hour to bail out UK companies deep in debt.

The Oman Investment Fund (OIF), a subsidiary of the government of Oman, recently completed the largest real estate deal of 2009 in the UK capital, with a value of Dh2.6 billion.

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