05.02.2009 - GCC losses put at $324 billion
From Business24-7.ae: Gulf oil producers could have lost in excess of $324 billion (Dh1.19 trillion) as their massive overseas assets were hit by the global financial crisis. The bulk of those assets are controlled by sovereign wealth funds (SWFs) and are concentrated in the US and other Western industrial powers. The Abu Dhabi Investment Authority controls the biggest part of those assets as its overseas investments were estimated at between $350-875bn at the end of 2007..... Full Article: Source