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...