14.08.2013 - Saudi tops sovereign wealth fund assets in GCC
Saudi Arabia ranks top in the volume of assets of sovereign wealth funds (SWFs) among the GCC countries at $641 billion, a report said quoting Moody’s Investors Service. The kingdom is followed by the United Arab Emirates at $397 billion, Kuwait with $395 billion; Qatar with $175 billion; Oman with $14 billion and Bahrain $11 billion, according to the report published in the Arab News. The assets of GCC SWFs have grown alongside the rise in oil prices since the 2009, the report said...............................................Full Article: Source
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