GCC states spread the wealth around | GulfNews.com:
"The Gulf Cooperation Council (GCC) maintains a quite substantial sovereign wealth funds (SWFs), and much to their credit, they invest these across a wide global footprint.
In fact, they have a track record of showing readiness to contribute handsomely to solve critical global financial problems. This was put to display at the height of sub-prime market crisis in 2008, with the GCC contributing generously to a special fund to help those hit with the calamity.
Several international banks depended on financial support from GCC funds to help overcome the crisis, in part through buying stakes in the affected banks."
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