23.12.2008 - Gulf SWFs’ outlook murky
From Saudigazette.com.sa: Gulf sovereign wealth funds (SWFs) will stand to lose around $450 billion, Henry Azzam, Deutsche Bank CEO for the MENA region, predicted. “This loss is equivalent to the region’s oil income for a whole year,” he said in an exclusive interview with CNBC Arabiya Fil Omoq program. He said the region’s sovereign funds may not perform well in 2009 after poor 2008 results...... Full Article: Source