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
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