| From Zawya.com: A slump in global equities has inflicted heavy losses on Gulf government funds but such losses have been more than offset by the diversified nature of their investments, according to a key Western financial institution.
The slump, caused by the ongoing global financial crisis, has already prompted GCC countries to repatriate a large part of their Western-based assets for investment at home, said the Washington-based Institute of International Finance (IIF)..... Full Article: Source
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