SWF Radar

Brad Setser writes that, “If oil stays at $140, the Gulf - based on projections that imply GCC spending and investment will rise so that the GCC needs $55 to $60 oil to cover its import bill - the big GCC funds and central banks should add close to $400 billion to their foreign assets in 2008.”

The big four he lists and discusses are the Saudi Arabian Monetary Agency (SAMA), the Abu Dhabi Investment Authority (ADIA), the Qatar Investment Authority (QIA) and the Kuwait Investment Authority (KIA).