17.02.2009 - Gulf's SWFs' foreign portfolio falls to $1.2 trillion last year
From Business24-7.ae: The value of the Gulf's external portfolio – excluding the private assets of the region's ruling families – fell from almost $1.3 trillion (Dh4.7trn) in 2007 to $1.2trn in 2008, according to a report by the Council on Foreign Relations (CFR). The study says the region's funds are likely to shrink further in 2009 as the price of oil has fallen to a point where many Gulf companies will have to draw on their foreign assets to sustain their current levels of imports..... Full Article: Source