21.06.2010 - GCC foreign assets set to scale new peak
From Business24-7.ae: Independent estimates showed more than half the GCC's foreign assets are controlled by their sovereign wealth funds (SWFs), including the Abu Dhabi Investment Authority (Adia), and the Kuwaiti and Qatari Investment Authorities. The Saudi Arabian Monetary Agency (Sama), the kingdom's Central Bank, is also believed to be one of the world's largest foreign asset holders. Estimates by the US SWF Institute showed Adia controlled about $627bn at the end of 2009 while funds held by KIA and QIA were put at nearly $202.8bn and $65bn respectively. Sama's assets stood at $431bn..............................................Full Article: Source
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