18.02.2013 - Regional SWFs vital for global economy
It is not unfair to assert that sovereign wealth funds (SWFs) of the six-nation Gulf Cooperation Council (GCC) states serve as a blessing for the well-being of global economy at large. This declaration reflects some hard facts, namely SWFs amount on the one hand and willingness of GCC authorities to relocate the wealth in the form of investments in different sectors across the continents. This amounts to sharing wealth of GCC countries with others, clearly an internationally-responsible conduct. The combined SWFs of the six-nation grouping amounted to a staggering $1.7 trillion by-end 2012. This represents a comfortable 35 per cent of all SWFs in the world, collectively valued at $5.2 trillion. Effectively, GCC countries account for almost all contributions of the Middle East region...............................................Full Article: Source
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