Reference to SWFs, Warning from Dubai Chief of Police

The United Arab Emirates is a nation with tremendous oil resources. It also hosts a number of large sovereign wealth funds, including the Abu Dhabi Investment Authority, the Emirates Investment Authority, and Mubadala Development Company. Dubai’s chief of police Dahi Khalfan told reporters at a gathering late on Wednesday marking the Muslim holy month of Ramadan that, “there’s an international plot against Gulf states in particular and Arab countries in general… This is pre-planned to take over our fortunes.”

He further stated, “The bigger our sovereign wealth funds and the more money we put in the banks of Western countries, the bigger the plot to take over our countries… The Brothers and their governments in Damascus and North Africa have to know that the Gulf is a red line, not only for Iran but also for the Brothers as well.”

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