International and Banking News
BUDGETS AND REVENUES
GIB Estimates GCC Foreign Assets at $355bn
According to estimates published by Gulf International Bank (GIN), theaggregate foreign assets of the states of the Gulf Cooperation Council (GCC) in1987 stood at $355bn, or 75% of the total foreign assets of all the OPECcountries. GIB estimates that some $205bn of this total is held by thegovernments of the six GCC member countries - Saudi Arabia, Kuwait, the UAE,Oman,...