| 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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