19.10.2009 - Gulf SWFs expected to gain $134bln this year
From Business24-7.ae: Sovereign wealth funds (SWFs) of Gulf oil producers lost about $90 billion (Dh330bn) in 2008, but are expected to gain nearly $134bn this year following an improvement in crude prices, according to a key financial institution. From nearly $724bn at the end of 2007, the combined assets of the four major SWFs in the GCC shrank to about $634bn at the end of 2008 because of losses suffered from the global financial turmoil, said the Washington-based International Institute of Finance (IIF)..............Full Article: Source