Tuesday 3 March 2009

Wealth funds in the UAE lead way with transparency

The negative public sentiment and concerns about the political motives of sovereign wealth funds (SWFs) is now finally subsiding, thanks to the credit crisis and global economic slowdown.

SWFs – particularly those in the Middle East – have proved that they merely act on pure economic motivation.

In the UAE, its more than $1 trillion (Dh3.67trn) funds have not only given a stabilising effect on the financial markets and had helped the Western state's ailing institutions, its SWFs are also helping reduce the inflation in the emirate by pumping excess liquidity out of the market.

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