| From Business24-7.ae: Sovereign wealth funds (SWFs) in Gulf oil producing countries need to play a more active role in supporting national budgets to lessen the influence of volatile crude prices on the fiscal balance, according to a Saudi official.
Majed Abdullah Al Moneef, an advisor at the Saudi Ministry of Petroleum and Mineral Resources, said the success of SWFs in the GCC to achieve financial and economic stability hinges on what he described as their flexibility in spending and withdrawal and depositing of funds............Full Article: Source
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