The Gulf Sovereign wealth funds: Myths and reality

Middle East Policy

Volumn 15, Issue 2, 2008, Pages 97-110

  Seznec, Jean François ^a  

^a GEORGETOWN UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 44649193808     PISSN: 10611924     EISSN: 14754967     Source Type: Journal    
DOI: 10.1111/j.1475-4967.2008.00352.x     Document Type: Article

References (15)

1. "Sovereign Wealth Funds: Investment Vehicles for the Persian Gulf Countries," Nimrod Rapheali and Bianca Gersten, Middle East Quarterly, Vol. 15, No.2 (Spring 2008), pp. 45-53.
2. "Gulf Tipped to Ride Wave of Soaring Prices." Simeon Kerr, Financial Times, January 24, 2008, http://www.ft.com/cms/s/0/a634c13e- ca09-11dc-b5dc-000077b07658.html?nclick_check=1.
3. "The New Role of Oil Wealth in the World Economy," Diana Farrell and Susan Lund, McKinsey Global Institute, February 7, 2008, http://www.euractiv.com/en/euro/new-role-oil-wealth-world-economy/ article-170187.
4. Rapheali and Gersten, pp. 45-53.
5. "OPEC Crude Oil Production," Middle East Economic Survey, Vol. 51, No. 5 (February 2, 2008), p. 2.
6. Saudi Arabia 9.22, Iran 4.07, UAE 2.55, Kuwait 2.55, Qatar .84, Oman .8, Bahrain .15.
7. Saudi Arabia refines about 2.5 million b/d, Iran = 1.4, Qatar=.3, UAE=.4, Kuwait= .5, Bahrain =.3.
8. Saudi Aramco, http://www.saudiaramco.com/irj/portal/anonymous.
9. Oil Industry Statistics from Gibson Consulting, http://www.gravmag.com/ oil.html.
10. Central Bank of the United Arab Emirates, Third Quarter Bulletin, 2007, p. 58.
11. Sovereign Wealth Fund Institute, "Abu Dhabi Investment Council." March 26, 2008, http://www.swfinstitute.org/fund/adia.php.
12. Ibid.
13. This amount covers all the Abu Dhabi Investment Council's investments. It is probably a very high guess, but indeed is nothing but a guess. It includes $7.5 in Citibank, $2 billion in OMV, 7.5 percent of Carlyle Group, etc.
14. Sovereign Wealth Fund Institute, "Qatar Investment Authority," http://www.swfinstitate.org/fund/qatar.php.
15. International Monetary Fund, Sovereign Wealth Funds - A Work Agenda, Washington, DC, February 29, 2008.