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فاينانشال تايمز

Before some smartypants makes the obvious point — no, we do not currently have the ability to right-justify Arabic script here on FT Alphaville.

Maybe we should look to fix that.

The owner of this website is of course the fine education and publishing combine Pearson PLC, which now seems to have attracted the shrewd eye of the Libyan Investment Authority.

The LIA, which has acquired just over 3 per cent of Pearson, was established almost four years ago to manage Libya’s oil revenues and diversify the country’s investments.

According to this ranking of sovereign wealth funds, the LIA has some $65bn under management, placing it a little ahead of Qatar in terms of investment clout.

Time perhaps for another spurious Daily Mail story. Tony Blair brokered the deal, right?

(Answer: No, not to our knowledge.)

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