02.12.2008 - Acquisition of foreign assets by GCC exceeds $900bn
From Arabnews.com: The cumulative acquisition of foreign assets by the Gulf Cooperation Council (GCC) exceeded $900 billion in the five years ended June 2008. Traditionally, the US has been the destination for the bulk of GCC capital. According to Samba Financial Group report — Tracking GCC Foreign Investments: How the Strategies are Changing with Markets in Turmoil — interest in the US market has remained strong in recent years, accounting for almost half the foreign assets accumulated during the past five years..... Full Article: Source