Noaell's Journal

The other day when quickly running by FOXNews channel, I saw an ad for 'Kingdom Holding Company' aSaudi Co... Here's more investment foreign news that many may not be aware of.

from:
UAE - The Official Web Site - News
small snippet excerpt:

::Istithmar's acquisition of London's One Trafalgar Square for 155 million Pound Sterling, followed many such acquisitions by subsidiaries of Dubai Holdings. Currently, DP World, a part of Dubai's PCFC Group, is engaged in a takeover battle with Singapore's PSA for the control of British ports and ferry operator P and O.

Economists and financial analysts expect GCC investors to acquire substantial foreign assets this year. The exceptionally large oil export receipts will lead to substantial fiscal stimulus in the region which will result in huge government spending in the GCC region this year, said a recent research by International Institute of Finance (IIF).

"The GCC is in the midst of a period of exceptional economic performance. We are now forecasting aggregate GDP to expand by more than one-third for 2005 and 2006, while foreign assets are estimated to rise in these two years by more than USD360 billion,” the report said. (The Emirates News Agency, WAM) ] ::
http://www.uaeinteract.com/news/default.as... ...