Qatar pumps oil wealth into Barclays

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The Independent Online

One of Barclays' top three shareholders has announced a major investment in the bank's $2.1bn (£1.3bn) natural resources portfolio.

Qatar, which owns 6.8 per cent of Barclays, is set to pump $250m of its oil and gas-generated wealth into Barclays Natural Resources Investments, which makes private equity investments in oil, gas and other natural resources. Qatar is one of the Gulf's largest overseas investors with stakes in companies ranging from Sainsbury's to Porsche.