21.10.2008 - SWFs to play stabilising role in Gulf
From Gulfnews.com: Gulf sovereign wealth funds will play a significant role in stabilising the regional economies in the event of a global economic slowdown spilling over into the Gulf, Mohsin Khan, Director of the IMF's Middle East and Central Asia Department said. "It would be imprudent to assume that the Gulf economies will be insulated from a global slowdown. The effects of the international credit crunch are already evident here. Thankfully the regional governments are amply liquid to meet any squeeze," he said..... Full Article: Source