| From Business24-7.ae: It said all GCC members except Saudi Arabia manage the bulk of their reserves through sovereign wealth funds which hold combined assets conservatively estimated at about $750bn, with the Abu Dhabi Investment Authority and Kuwait Investment Authority holding $250-400bn each.
"Having incurred substantial losses last year when asset prices plummeted worldwide, GCC foreign holding will have recovered ground this year as global equity markets have rallied, further bolstering the already comfortable external position.................................Full Article: Source
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