26.02.2009 - GCC experts demand SWFs focus on local investments
From Zawya.com: GCC economy experts have demanded the intervention of Sovereign Wealth Funds (SWFs) to pull the economy out of its state of fluctuation caused by the global financial crisis, and to raise the rate of investments in the market from the current 5% to between 20-30%. SWFs have sustained a heavy loss of USD 450 billion, a figure which could go up to USD 600 billion if investments abroad continue to depreciate..... Full Article: Source