Emirates Investment Authority - EIA
Categories: International, Investing
Petro banking dollars for OPEC. That's what these guys do.
The United Arab Emirates is a country in the Middle East that earns a lot of money from selling oil. Like...centi-billions of dollars. To invest the money, the government set up the Emirates Investment Authority.
The EIA represents an investment fund that pools the country's excess financial resources and decides where the money should be put. Think about the Ameritrade account you used to invest the $200 you got in birthday checks this year. Like that, only for a country with a $125 billion in annual oil revenue.