Barclays vs. Persian Gulf Investors

The beleaguered bank, trying to raise major capital in Qatar and Abu Dhabi, is fighting hard for advantageous terms

Barclays risks derailing its £7bn Middle Eastern fund-raising if it tries to water down the terms of the deal to placate angry City investors. Sources in the Gulf states said yesterday that the Qatar Investment Authority and the Abu Dhabi royal family won't countenance any change to the cash call. Both the QIA and Sheikh Mansour bin Zayed Al Nahyan are said to be extremely happy with the deal as is.

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