Middle East Economic Survey
VOL. LII
No 8
23-Feb-2009
REGIONAL/GCC
Gulf SWF Portfolio Contracts, Says CFR Study
The Gulfs external assets portfolio, excluding those held by the regions ruling families, fell to almost $1.2 trillion in 2008 from $1.3 trillion in 2007, according to working paper from the Council on Foreign Relations (www.cfr.org) entitled GCC Sovereign Funds Reversal of Fortune. The swing in fortunes of the smaller Gulf states of Kuwait, Qatar and the UAE was more extreme, with...
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