Overseas investment revenues are an important source in financing GCC (Gulf Cooperation Council) countries budgets’ and Gulf economies in general.
These revenues exceeded oil returns in the UAE and Kuwait during the oil price drops of the mid-1980s and late-1990s. However, they fluctuated over the past three decades.
The most severe fluctuations were those that took place during the latest international financial crisis, which led to the decrease in the size of their assets by 50 per cent in some cases.
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