UAE warns of threat to investments in political row

UAE warns of threat to investments in political row
By David Litterick in New York (Filed: 02/03/2006)

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2006/03/02/cnport02.xml&menuId=242&sSheet=/money/2006/03/02/ixcitytop.html

The US could lose a host of much-needed inward investment as foreign countries disturbed by the row over the control of US ports look elsewhere to invest money.

The economy minister of the United Arab Emirates, the country at the heart of the row, said that while political pressure to block the deal would not prevent the Gulf state from seeking further investments in the US, it would likely give other countries pause.

Sheikha Lubna al-Qassimi said other markets in Asia and Europe would now prove more attractive to wealthy Arabs and other investors. "There is no hesitation, this will not deter the UAE from investing further. This is a business deal that somehow got politicised. But when you have deals that are prolonged by interference of a political nature, it may encourage many countries to go into investments in other places." She said India, China and some countries in Europe would be the likely beneficiaries.

The US is running a massive current account deficit and relies on inward investment to finance it. It has been able to count on petrodollars from countries like Saudi Arabia as a result of the booming world oil market. However, Middle Eastern investors are thought to be becoming jittery.

...it's not being sent to seal the ports deal.

It's being sent to let the U.S. know who's in charge.

If Junior caves to this one, I can't wait to see what it does to the 2006 elections.

You're right...it's ABSOLUTELY disgusting.

:patriot:

it most definitely is a threat1 A bare naked, in your face, screw you threat.

Nice. :eyes:

and massive (oil and 40 years of corporate mismanagement) trade deficits have gotten us into.

This is lap two of the "Race to the Bottom" for the US.

If they are going to threaten us to get control of our ports, what will they do to us once they have our ports.????

could possibly approve..or justify..and after listening to much of the hearings...i have even less faith in dubai ports world...and cfius...its all bullshit