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January 30, 2007

Financial Markets
Hey big spender (or why conservation is perhaps a bit more than just a personal virtue) ….

In the past, I have noted that oil exporters saved rather than spent the windfall from the surge in oil prices.    The IMF calculated that the average oil producer in the Middle East “spent” 30% and …

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April 17, 2007

Financial Markets
Saudi riyal, Kuwait dinar, UAE dirham hit multi-year lows v. the pound …

They are also getting close to a record low v. the euro. Yet oil is, well, still rather strong.   Against the dollar.  But also against the pound and euro.   The euro and pound have gained significan…

December 23, 2007

Capital Flows
A Saudi investment authority?

The FT broke a major story -- at least in my world -- late on Friday. The Saudis are about to set up a sovereign wealth fund: Saudi Arabia plans to establish a sovereign wealth fund that is expecte…

February 11, 2008

Financial Markets
It is good to be the king …

Of oil, that is.The Saudis just released data showing just how much foreign exchange they added to their stockpile in 2007. Jim Hamilton (cool photos) reports that the Saudis now seem to be working a…

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March 18, 2008

Sovereign Funds: The writing on the wall…

Rachel Ziemba Note: This post is from Rachel Ziemba, not Brad Setser. "Like private firms, pension funds, and other institutional investors, Abu Dhabi’s investment organizations have always sought …

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