04.02.2009 - Middle Eastern investors lose trillions, affect SWFs
From Therealdeal.com: Sovereign wealth funds that have been able to invest in securities as well as real estate in North America have lost trillions of dollars due to the global economic crisis. "The global financial meltdown has cost countries in the Middle East $2.5 trillion over the past four months and led to a 60 percent drop in development projects in the region being put off or scrapped," the Kuwaiti Foreign Minister Sheikh Mohammed Sabah Al Salem, who also serves as the acting oil minister, has said..... Full Article: Source
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