22.07.2011 - Gulf Air to hurt Mumtalakat profit
Bahrain sovereign wealth fund Mumtalakat will continue to financially support Gulf Air even though the loss-making carrier will be a drag on its 2011 earnings, the fund's chief executive said. Mumtalakat, which bundles Bahrain's non-oil state-owned companies, is one of the smaller sovereign wealth funds in the world's top oil-exporting region, with $9.1 billion (Dh33.39 billion) in assets at the end of 2009..............................................Full Article: Source
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