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Sovereign Wealth Funds Briefing - Categorized | Market

$1tln Arab surplus gains prominence in dealing with crisis

Posted on 16 December 2008

From Gulf-times.com: The Economist magazine put at about $400bn the losses of the Arab sovereign funds due to the global financial turbulence .

According to the International Monetary Fund, Middle East and central Asian oil producers accumulated a current account surplus of $1.1tn between 2003 and 2007, compared with $150bn in the previous five years. …. Full Article: Source


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