29.05.2012 - UAE: Sovereign wealth funds' investment abroad soars
Sovereign 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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