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Sovereign Wealth Funds in the United Arab Emirates

Chapter
Part of the International Political Economy Series book series (IPES)

Abstract

The phantom of sovereign wealth funds (SWFs) looms ominously over the United Arab Emirates (UAE) because it allegedly controls a significant portion of all such global funds. Simply stated, it is mistakenly assumed that the UAE is one of those countries that holds ‘foreign assets far in excess of anything needed to respond to financial contingencies’ and, consequently, because Emirati leaders may ‘feel pressure to deploy them strategically or at least to earn higher returns than those available in US Treasury bills or their foreign equivalents’ (Summers 2007, p. 10).

Keywords

United Arab Emirate Private Equity Foreign Asset Gulf Cooperation Council Investment Company 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Joseph A. Kéchichian 2010

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