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Sovereign Wealth Funds Briefing - Categorized | Performance

Gulf’s SWFs expected to perform poorly in 2009

Posted on 23 December 2008

From Bi-me.com: Henry Azzam, Deutsche Bank CEO for the MENA region, expects the loss of assets of Gulf sovereign wealth funds to reach to US$ 450 billion. “This loss is equivalent to the region’s oil income for a whole year,” said Azzam, in an exclusive interview with CNBC Arabiya Fil Omoq programme.

One of the region’s most respected economists and chief executives told CNBC Arabiya viewers that the region’s sovereign funds may not perform well in 2009 after poor 2008 results…… Full Article: Source


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