| 29.09.2009 - Gulf states' sovereign wealth funds lose $350bln |
| From Telegraph: Four oil-exporting Gulf states saw their sovereign wealth funds lose $350bn (£220bn) between them last year as the financial crisis hit. The funds from Saudi Arabia, Kuwait, Qatar and Abu Dhabi saw the value of their assets drop to $1.115 trillion because of the global fall in markets, according to the United Nations' World Investment Report. ....................Full Article: Source |