GCC states' foreign assets growth to slow in 2012

  • Share via facebook
  • Tweet this
  • Bookmark and Share

Gulf Cooperation Council countries will slow their accumulation of foreign assets this year, George Abed, the Institute of International Finance’s director for Africa and the Middle East said.

Kuwait, Saudi Arabia, Qatar, Bahrain, the UAE and Oman will together hold $2.02tn in foreign assets at the end of 2012, up 12 percent from 2011, George Abed said in a presentation at a conference in Doha, Qatar, on Monday.

Total foreign assets grew 14 percent between 2010 and 2011, according to data he presented.

Related:
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Finance talk with RAKBANK

Finance talk with RAKBANK

StartUp sat down with RAKBANK’s head of personal banking, Ian...

Tips from the top: Hisham Al Gurg

Tips from the top: Hisham Al Gurg

High profile investor and entrepreneur Hisham Al Gurg discusses...

1
The hubsters' ecosystem

The hubsters' ecosystem

Tamara Pupic visits Impact Hub Dubai, the first local branch...

Most Popular
Most Discussed