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Sovereign Wealth Funds Briefing - Categorized | Investment, Performance, Research

UAE central bank data indicate investment jump by sovereign funds

Posted on 30 May 2012

Sovereign wealth funds and other government entities in the United Arab Emirates 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 U.A.E. central bank indicate.
Capital outflows from U.A.E. public sector entities rose to 95 billion U.A.E. dirhams ($26 billion) in 2011 from AED10 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 U.A.E’s oil revenues………………………………………..Full Article: Source


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