War will drain the Gulf’s $6trn treasure chest
Apr 15th 2026|DUBAI|6 min read
IN RECENT YEARS the sovereign-wealth pots of the six members of the Gulf Co-operation Council (GCC) have bestridden the world of investing. The hydrocarbon kitties of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE) have between them deployed more than $430bn in capital since 2021. For every petrodollar they invest, 75 petrocents ends up abroad, in everything from artificial-intelligence darlings and private credit to Premier League football clubs and TikTok. They oversee over $5trn of assets globally, up from $3trn in 2021.
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