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Qatar's sovereign wealth fund has injected deposits into local banks to shore up liquidity as an ongoing Saudi-led campaign to isolate the gas-rich Arab state hurts lenders, according to people familiar with the matter.Qatar Investment Authority has placed billions of dollars of cash with Qatari lenders after some banks in Saudi Arabia, the United Arab Emirates and Bahrain started withdrawing funds from the country amid the standoff, the sources said, asking not to be identified because the information is private. The QIA, which owns stakes in global companies ranging from Glencore PLC to Barclays PLC, has since told lenders that it won't be making any more deposits directly and that any future funding will come from the central bank, one of the sources said.
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