Gulf Sovereign Wealth Funds Defy Oil Price Slump With $56 Billion Spending Spree ...Middle East

The sovereign wealth funds of Gulf petrostates continue to be the top state investors globally despite weaker oil prices this year. The share of sovereign wealth fund investments from the Middle East and North Africa in the global total was 40% for the first nine months of the year, cementing the funds’ leadership. Data from Global SWF, a sovereign investment researcher, showed that funds from the Middle East spent a combined $56.3 billion in the nine-month period, the Financial Times reported today. This amount was similar to the investments…

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