The Qatar Investment Authority, a state-owned fund with $60bn (€41bn) in assets, is reportedly eyeing investments in US financial services firms hit by the credit crisis less than a month after its Abu Dhabi-based peer bought nearly 9% of Citigroup's stock.

And Investment Corporation of Dubai, an $81.7b holding company for some of the emirate's biggest businesses including Emirates airline, said today it held talks with JPMorgan Chase on ways to cooperate, Reuters reported.