Oil-Related Transfers of Wealth
May 14, 2008, FeedOil-related wealth transfers have helped create growing sovereign wealth funds in many of the oil exporting nations, including countries such as the United Arab Emirates, Saudi Arabia (see Saudi Arabia Homeland Security Market Outlook - 2009-2018), and Venezuela. These funds are impacting capital markets and may allow their governments to purchase strategically significant firms in whole or part in many countries, including the United States. While some of the largest sovereign wealth funds are operated by countries that are not primarily natural resource exporters (e.g. China and Singapore), the top ranks are dominated by the oil-rich countries, such as the United Arab Emirates, Saudi Arabia, Kuwait, Russia, Brunei and Qatar.
Source:
Oil Energy Fact Sheet
Saudi Oil Industry Security Market
Categories: Energy, Saudi Arabia |