| Saudi Arabia has ranked first in the volume of assets of sovereign wealth funds (SWFs) among the GCC countries at $641 billion (SR2,400 billion) followed by the United Arab Emirates (UAE) at $397 billion (SR1,489 billion).
Kuwait came in the third rank at $395 billion (SR 1,481 billion), followed by Qatar ($175 billion or SR656 billion), Oman ($14 billion or SR52.5 billion), and Bahrain ($11 billion or SR 41 billion), local media said quoting a report by Moody’s Investors Service. The assets of SWFs in the GCC countries have grown alongside the recovery in oil prices since the 2009, the report said...............................................Full Article: Source
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