Showing posts with label Arab economy. Show all posts
Showing posts with label Arab economy. Show all posts

Thursday, September 22, 2011

Sovereign wealth: Spending stays close to home

Gulf governments will be spending more money on the home front this year, as they try to placate their populations with job creation and infrastructure projects.
Depending on the oil price, that may mean less investment overseas or a more focused approach to foreign investment, analysts say.

It is difficult to generalise about sovereign wealth funds in the region. The Qatar Investment Authority spends quite differently from the one in Abu Dhabi, while Saudi Arabia invests the majority of its sovereign funds through its central bank.