| 06.10.2009 - Sovereign funds cushion Gulf states despite losses |
| From Dawn.com: Sovereign wealth funds are cushioning oil-dependent Gulf economies against the financial crisis, but observers warn that some governments have raided them for current spending and many investments have shrunk in value. The four main funds are Abu Dhabi Investment Authority (Adia), Kuwait Investment Authority (Kia), Qatar Investment Authority (Qia) and the Saudi foreign assets managed by the Saudi Arabian Monetary Agency (Sama)...................Full Article: Source |