image description
image description
Tell A Friend

FinancialNews


  • 14-06-16

    MENA sovereign funds sell assets amid low oil price

    (MENAFN) Middle Eastern sovereign wealth funds liquidated or cancelled investments worth about 7 percent of their total assets last year, a study has revealed.

    In accordance, the study was released recently by asset manager Invesco, in a sign of pressure from unstable oil prices.

    GCC countries' budgets and other oil exporters have decreased into deficit as a result of shrunken oil revenues, making governments consuming their savings.

    "Outflows from Middle East funds are not surprising; given the volatility we have seen in the oil markets." head of institutional sales for the Middle East and Africa at Invesco said.

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved