18.05.2010 - Gulf States: Opacity blights outlook for economy
From Zawya.com: GCC sovereign wealth funds (SWFs) have made modest attempts to increase their transparency, most notably the Abu Dhabi Investment Authority, which this year disclosed information on its general strategy, asset composition and returns but without revealing its total holdings or details on specific assets. In an apparent attempt to gain international investors' confidence, Abu Dhabi state holding company Mubadala issued its first detailed audited accounts in spring 2009. However, the only major SWF giving a precise figure for its total holdings is the Saudi Arabian Monetary Agency, a practice that again predates the crisis. ............................................Full Article: Source
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