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Gulf firms still eye US deals
- Saudi Arabia: Saturday, June 09 - 2007 at 08:09
Gulf based firms will continue to make sizeable investments in the US despite the controversy surrounding DP World's acquisition of the UK's P&O, and its US port holdings, last year, reported Reuters. Howard Handy, a Director at the Institute of International Finance, told the news agency the Saudi Basic Industries Corporation's recent $11.6bn deal to buy GE's plastics unit was a clear sign Arab firms were still eyeing transatlantic opportunities.
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Jonathan Sheikh-Miller, Deputy EditorSaturday, June 09 - 2007 at 08:09 UAE local time (GMT+4)
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