23.12.2008 - Gulf's SWFs expected to perform poorly in 2009
From Bi-me.com: Henry Azzam, Deutsche Bank CEO for the MENA region, expects the loss of assets of Gulf sovereign wealth funds to reach to US$ 450 billion. ďThis loss is equivalent to the regionís oil income for a whole year,Ē said Azzam, in an exclusive interview with CNBC Arabiya Fil Omoq programme. One of the regionís most respected economists and chief executives told CNBC Arabiya viewers that the regionís sovereign funds may not perform well in 2009 after poor 2008 results...... Full Article: Source
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