| With the exception of Qatar, Gulf states are putting less money into their sovereign wealth funds used to save for the future and to make high-profile investments. Instead they are spending more locally on higher salaries, infrastructure projects, education and health care, in the aftermath of the Arab Spring.
“Sovereign wealth fund assets are being redirected from international investments back into the Mideast,” said Nick Tolchard, head of Invesco Middle East in Dubai...............................................Full Article: Source |