US welcomes Gulf funds - Mercedes-Benz Forum

 
LinkBack Thread Tools Display Modes
post #1 of 7 (permalink) Old 10-29-2008, 09:44 AM Thread Starter
BenzWorld Elite
 
Tahloube's Avatar
 
Date registered: Aug 2005
Vehicle: 1990 500 SEL, 2003 Range Rover HSE
Location: Abu Dhabi, UAE
Posts: 2,073
Mentioned: 0 Post(s)
Quoted: 1 Post(s)
(Thread Starter)
US welcomes Gulf funds

Of course, of course. Next time, Gazan sovereign funds () will come to the rescue Maybe it's time to end the siege.

US 'welcomes Gulf funds'

By Shakir Husain, Staff Reporter
Published: October 28, 2008, 23:32


Dubai: The United States, the world's biggest economy, is aggressively seeking Gulf money to rescue its ailing financial institutions, just a few months after it had led an attack on the Gulf's sovereign wealth funds.

Collective efforts are needed to tackle the global financial crisis and Gulf countries have a key role to play in resolving it, a top American official said yesterday as he sought investment from the region in his country.

Robert Kimmitt, deputy secretary of the US Department of the Treasury, also praised sovereign wealth funds (SWFs) such as the Abu Dhabi Investment Authority (Adia) in sharp contrast to a debate in the West early this year that sought to put protectionist barriers against investments made by these organisations.


Kimmitt said the US favours "the free flow of capital, both from sovereign wealth funds and all other overseas investors."

He is meeting officials and business leaders in Saudi Arabia, Kuwait, Qatar, Iraq (Why rebuild your war-torn country? Save the US economy instead! ) and the UAE, trying to encourage Arab funds to invest in the US.

Referring to the DP World debacle in 2006, when the Dubai-based port operator had to abandon efforts to manage six key American ports due to political opposition, Kimmitt clarified the US is now more open to Arab investors, who invested $7 billion in the US last year. ( )

Kimmitt tried to address the issue again with the promise that "much has changed, and changed for the good, in the two and half years" since. ( Are Arabs no longer terrorists now that they have the needed money ? )

"That controversy made clear to US policymakers the importance of reconfirming our commitment to open investment and of taking proactive steps to respond to the lessons learnt," he said in his remarks at the Dubai International Financial Centre (DIFC).

Acknowledging that inadequate regulation of the US financial system has created the current market meltdown, he underlined the global nature of the crisis.

"It has become evident that the turmoil is not isolated to the United States and Europe, but has ramifications for all countries, including in the Gulf. Our capital markets are more integrated than ever before, allowing opportunities, but also financial difficulties, to spread rapidly across borders," he told a gathering of officials, potential investors and the media.

"Collectively, we need to rebuild confidence in our markets so that capital can flow again to help spur global growth," Kimmitt added.

It remains to be seen how Gulf investors will respond to these calls while uncertainties prevail. DIFC governor Omar Bin Sulaiman told reporters funds in the region are "trying to understand whether it [crisis] has reached bottom."

Campaign: Pressure on Iran

While the US struggles to overcome the paralysis in its financial system, Washington appears intent to maintain the pressure on Tehran over its controversial nuclear programme.

Robert Kimmitt, deputy secretary of the US Department of the Treasury, called for curbing business links with Iran, echoing similar calls in the past by visiting US officials.

"Enhanced vigilance over all business with Iran is necessary as we have seen Iran abuse its access to financial and commercial markets in order to further its proliferation efforts," the US official said, noting that "protecting the integrity and reputation of a country's financial system is especially difficult when business is done with Iran."

Asked for a response by reporters, DIFC governor Omar Bin Sulaiman said the DIFC and UAE respect UN resolutions whether they refer to Iran or others.


Gulfnews: US 'welcomes Gulf funds'
Tahloube is offline  
Sponsored Links
Advertisement
 
post #2 of 7 (permalink) Old 10-29-2008, 09:54 AM
DP
Moderator
 
DP's Avatar
 
Date registered: Aug 2002
Vehicle: 190E, 400E, SLK350
Location: Chesapeak Bay
Posts: 64,125
Mentioned: 2 Post(s)
Quoted: 991 Post(s)
Lifetime Premium Member
But we don't want them to run our Baltimore Port. Can't trust the ragheads but their money is still green if it's direct to us but it's terrorism if it is to help Gazans or any other ragheads
DP is offline  
post #3 of 7 (permalink) Old 10-29-2008, 10:25 AM
~BANNED~
 
Jakarta Expat's Avatar
 
Date registered: Aug 2006
Vehicle: PM me to Join the Expat Muslims for Obama Club........
Location: Jakarta, Indonesia
Posts: 17,697
Mentioned: 0 Post(s)
Quoted: 3 Post(s)
Quote:
Originally Posted by drewprof View Post
But we don't want them to run our Baltimore Port. Can't trust the ragheads but their money is still green if it's direct to us but it's terrorism if it is to help Gazans or any other ragheads

So the Jews ran out of money?
Jakarta Expat is offline  
post #4 of 7 (permalink) Old 10-29-2008, 10:52 AM
DP
Moderator
 
DP's Avatar
 
Date registered: Aug 2002
Vehicle: 190E, 400E, SLK350
Location: Chesapeak Bay
Posts: 64,125
Mentioned: 2 Post(s)
Quoted: 991 Post(s)
Lifetime Premium Member
Quote:
Originally Posted by Jakarta Expat View Post
So the Jews ran out of money?
Yeah, how come we are not asking our "real friends in that region" for help? Why are we asking the "enemies" to help our economy?
DP is offline  
post #5 of 7 (permalink) Old 10-29-2008, 10:55 AM
~BANNED~
 
Jakarta Expat's Avatar
 
Date registered: Aug 2006
Vehicle: PM me to Join the Expat Muslims for Obama Club........
Location: Jakarta, Indonesia
Posts: 17,697
Mentioned: 0 Post(s)
Quoted: 3 Post(s)
Quote:
Originally Posted by drewprof View Post
Yeah, how come we are not asking our "real friends in that region" for help? Why are we asking the "enemies" to help our economy?

No wonder Obama wants to destroy Israel................
Jakarta Expat is offline  
post #6 of 7 (permalink) Old 10-29-2008, 10:57 AM
DP
Moderator
 
DP's Avatar
 
Date registered: Aug 2002
Vehicle: 190E, 400E, SLK350
Location: Chesapeak Bay
Posts: 64,125
Mentioned: 2 Post(s)
Quoted: 991 Post(s)
Lifetime Premium Member
Quote:
Originally Posted by Jakarta Expat View Post
No wonder Obama wants to destroy Israel................
So says Joe the Plumber
DP is offline  
post #7 of 7 (permalink) Old 10-29-2008, 11:04 AM
~BANNED~
 
Jakarta Expat's Avatar
 
Date registered: Aug 2006
Vehicle: PM me to Join the Expat Muslims for Obama Club........
Location: Jakarta, Indonesia
Posts: 17,697
Mentioned: 0 Post(s)
Quoted: 3 Post(s)
Quote:
Originally Posted by drewprof View Post
So says Joe the Plumber

You fucking right wing bitch, who are you to question McCain's Foreign policy advisor.........
Jakarta Expat is offline  
Sponsored Links
Advertisement
 
Reply

  Mercedes-Benz Forum > General Mercedes-Benz Forums > Off-Topic

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the Mercedes-Benz Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in











  • Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
     
    Thread Tools
    Show Printable Version Show Printable Version
    Email this Page Email this Page
    Display Modes
    Linear Mode Linear Mode



    Similar Threads
    Topic Author Forum Replies Last Post
    Official says pension funds are down $2 trillion Jakarta Expat Off-Topic 1 10-07-2008 01:14 PM
    mccain welcomes palin daughter and baby's father... Jayhawk Off-Topic 13 09-05-2008 03:51 PM
    Why can't the BW give it's OT members some funds for important research........ Jakarta Expat Off-Topic 1 01-22-2008 03:10 AM
    Well there goes the public library funds from the govt........... Jakarta Expat Off-Topic 0 11-30-2007 06:20 PM
    gulf vs euro specs theboss W126 S,SE,SEC,SEL,SD,SDL Class 5 04-08-2005 11:31 PM

    Posting Rules  
    You may post new threads
    You may post replies
    You may not post attachments
    You may not edit your posts

    BB code is On
    Smilies are On
    [IMG] code is On
    HTML code is Off
    Trackbacks are On
    Pingbacks are On
    Refbacks are On

     

    Title goes here

    close
    video goes here
    description goes here. Read Full Story
    For the best viewing experience please update your browser to Google Chrome