Gulf sovereign wealth funds were built for a rainy day. This may be it.

Analysis-Gulf sovereign wealth funds were built for a rainy day. This may be it.  - Regional Media News

By Hadeel Al Sayegh, Federico Maccioni, Rachna Uppal and Nazih Osseiran DUBAI/ABU DHABI March 6 (Reuters) - For decades, the Gulf's sovereign wealth funds have preserved and amplified the riches from oil and gas, investing in overseas assets and international markets to create a $5 trillion pot for a rainy day. That moment may be nearing. Iran's attacks across the Gulf in response to Israeli and U.S. strikes could unleash a fiscal shock. Oil pri…

Gulf sovereign wealth funds were built for a rainy day. This may be it.

Gulf economies have sought to pivot away from relying on their natural resources, but still largely rely on hydrocarbon to support public finances