23.10.2009 - GCC boasts $1trillion fund industry
From Arabnews.com: The one-trillion-dollar GCC fund market offers rare opportunities to global investors and fund managers. The Gulf economies are on the rebound with a GDP growth forecast of over 4 percent in 2009, especially at a time when other economies are still facing difficulties due to the aftershocks of the economic meltdown, a senior government official said Wednesday. “We have 2,700 registered funds in Bahrain, with over $10 billion assets under management [it] will continue to be one of the best places to invest in,” said Sheikh Mohammed bin Essa Al-Khalifa, chief executive of the Economic Development Board (EDB), the official economic development agency of Bahrain.........................Full Article: Source
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