| Strong oil prices will sharply widen the external fiscal balance of Gulf hydrocarbon exporters in 2011 and this will boost their foreign assets by a staggering $195 billion at the end of the year. More than one-third of these assets are held by sovereign wealth funds (SWFs), including the Abu Dhabi Investment Authority (ADIA).
Washington-based Institute for International Finance (IIF) said that while most of these assets are currently invested in the international financial system, there had also been a rising interest in the domestic and regional markets until recent events..............................................Full Article: Source
|