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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Increase in oil prices set to boost UAE’s foreign assets by $80bln

Posted on 07 December 2009

From Business24-7.ae: While there could be a fall in the foreign assets of some institutions, the drop will be more than offset by an expected increase of $81bn in the assets of the Abu Dhabi Investment Authority (Adia), one of the world’s largest sovereign wealth funds, the Institute for International Finance said.

In another study sent to Emirates Business, an Egyptian investment bank said the UAE’s strong financial position would allow it to manage Dubai’s debt crisis but added it believed federal government support would be timely…………………………….Full Article: Source

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