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Sovereign Wealth Funds Briefing - Categorized | Investment, Trends

UAE: Sovereign wealth funds’ investment abroad soars

Posted on 29 May 2012

Giyas GokkentSovereign wealth funds and other government entities in the UAE greatly increased their overseas investments during 2011 as higher oil prices led to a large rise in the country’s balance of payments surplus, new figures from the UAE Central Bank indicate.
Capital outflows from UAE public sector entities rose to Dh95 billion ($26 billion) in 2011 from Dh10 billion in 2010, according to the recently-released Central Bank annual report for 2011. That was the highest outflow since 2008, when the global financial crisis led to a sharp drop in the UAE’s oil revenues………………………………………..Full Article: Source


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