(Reuters) - The Institute of International Finance estimated total
export earnings of the six states of the Gulf Cooperation
Council -- Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and
the United Arab Emirates -- were more than $1.5 trillion in 2002
to 2006.
"About $1 trillion went towards imports. The remainder of
the earnings -- some $542 billion -- represented surplus funds
that entered global capital markets and contributed to an
increase in GCC foreign asset holdings," it said.
Read more at Reuters.com Bonds News
export earnings of the six states of the Gulf Cooperation
Council -- Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and
the United Arab Emirates -- were more than $1.5 trillion in 2002
to 2006.
"About $1 trillion went towards imports. The remainder of
the earnings -- some $542 billion -- represented surplus funds
that entered global capital markets and contributed to an
increase in GCC foreign asset holdings," it said.
Read more at Reuters.com Bonds News
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