Middle East Economic Survey

VOL. LIV

No 19

9-May-2011

REGIONAL

GCC Gross Foreign Assets To Reach $1.7 Trillion In 2011, Says IIF

Gross foreign assets of the GCC countries in 2011 are projected to rise to $1.7 trillion (against foreign liabilities of $0.5 trillion) and of Arab countries to $2.2 trillion (against total foreign liabilities of $0.7 trillion), said the Institute of International Finance (IIF) in its latest Regional Overview. The GCCs overall current account balance is expected...