US downgrade spurs concerns on Saudi assets
►http://www.gulfinthemedia.com/index.php?id=570369&news_type=Economy&lang=en
“The downgrade of US’s credit rating has raised concerns over SAMA’s foreign assets as the majority of assets are held as T-bills. SAMA should begin to diversify its portfolio in other currencies to mitigate risks. It seems officials have more challenges ahead in 2011 as the global economy takes another hit.”
(via @alaingresh)