| 28.11.2008 - Government funds in Gulf face 15% loss |
| From WSJ: Seven sovereign-wealth funds in the oil-rich Persian Gulf region are expected to lose 15% of their value this year due to the drop in global financial markets, Samba Financial Group said in a report Wednesday. Samba chief economist Howard Handy said in a telephone interview that the losses would likely total around $190 billion, and will cancel out almost all of the rise in the Gulf nations' oil revenue this year..... Full Article: Source |