São Paulo – Saudi Arabia is in the first place among the Gulf Cooperation Council (GCC) countries with regards to assets in sovereign funds, according to an article published on Tuesday (13) by Arab News newspaper, of Riyadh. The figures are included in a report disclosed by ratings agency Moody’s. The GCC is made up of Saudi Arabia, Bahrain, Qatar, the United Arab Emirates, Kuwait and Oman.
Assets of sovereign funds total US$ 641 billion. Then come the institutions from the Emirates,
Read more [...]