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Global Business News

The Economic Times

Global Business / The Economic Times

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

Gulf sovereign wealth funds, with assets in the trillions, are navigating a crucial crossroads. Iran's recent maneuvers could disrupt oil exports, placing significant pressure on national economies. These funds serve as a vital financial cushion, allowing governments to address rising defense expenditures and counteract economic downturns.

6 Mar 2026 6:36 pm