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FinancialNews


  • 08-06-17

    GCC public foreign assets modest to oil crisis

    (MENAFN) The fall in the GCC public foreign assets has been modest despite the large financial deficits, trailing the sharp decline in oil prices in 2014.

    Moreover, consolidated gross public foreign assets of the GCC nations, which jumped to USD2.6tr in 2014, are likely to fall to USD2.3tr this year.

    Meanwhile, almost two-thirds of these assets are organized by sovereign wealth funds with diversified portfolios of public equities and fixed income securities.

    Accordingly, it is projected that foreign borrowing will surpass USD40bn this year, as compared to USD37bn of last year.

    MENAFN0806201700450000ID1095544249

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