Hints and tips:
...Carlos Abadi is managing director of DecisionBoundaries, LLC, a New York-based international financial advisory firm....
...That pool jumps to $3tn once the GCC’s richest families are included....
...The Dow Jones GCC Index has recovered somewhat this month but fell up to 5 per cent last month and remains almost 2 per cent below its level at the start of the year....
...“Omanis don’t benchmark themselves against other GCC states. They are independent-minded and very sovereign,” he says....
...This makes the GCC one of the most generous regions in the world, as most countries give between 0.5 and 1.0 per cent of GDP....
...Unlike most other governments in the GCC, notably that of its oil-rich neighbour Abu Dhabi, Dubai’s government is not known to hold substantial offshore liquid assets that can potentially be tapped to finance...
...But the reality is that most of the big deals which involve GCC companies acquiring international companies, are being carried out by bankers in the UK....
...“The GCC [countries of the Gulf Co-operation Council] is the most difficult because people mistakenly equate vast capital flows with private equity and investment opportunities,” he said....
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