22.07.2009 - GCC foreign assets shrink by 8.3pct in H1
From Menafn.com: Total foreign assets held by GCC central banks and sovereign wealth funds shrank by 8.3 per cent during the first half of the year to just over $1.1 trillion by the end of June, according to an estimate by an authoritative US-based financial analysis firm. These combined foreign assets stood at around $1.2 trillion at the end of December. Much of the decline was driven by the Saudi Arabian Monetary Agency, or Sama, which manages the bulk of Saudi foreign assets, RGE Monitor said in its latest report.........Full Article: Source
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