| From Dailystar.com.lb: Most credible estimates of the losses suffered by Arab sovereign wealth funds in the past year suggest that these funds' value has declined from around $1.6 trillion to $1.2 trillion, due to the drop in the value of financial investments abroad.
A new report by the International Labor Organization (ILO) regional office in Beirut (by Christina Behrendt, Tariq Haq and Noura Kamel) suggests that hard days remain ahead, as the Arab world's economic growth rate is expected to decline from 6 to 4 percent this year (other reports suggest that a 2-3 percent growth rate is more likely).......Full Article: Source
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