Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

GCC States Foreign Assets Accumulation to Slow in 2012, IFF Says

March 26 (Bloomberg) -- Gulf Cooperation Council countries, which includes six Arab states bordering the Persian Gulf, 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 United Arab Emirates and Oman will together hold $2.02 trillion 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, today. Total foreign assets grew 14 percent between 2010 and 2011, according to data he presented.

To contact the reporter on this story: Robert Tuttle in Doha at rtuttle@bloomberg.net

To contact the editor responsible for this story: Riad Hamade at rhamade@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.