08.10.2008 - Deepening the economic interdependence between the Gulf States and the West
From Rightsidenews.com: Over the past year the hike in oil prices has aroused concern among many in the United States about the potential geopolitical implications of the increased economic clout of the Gulf states. The decision by the Gulf states to diversify their foreign assets and to use billions of petrodollars to buy Western stocks in various corporations and particularly in banks raised the concern that a foreign foothold in the large financial institutions and conglomerates is liable to become a means of political leverage. This concern led to the formulation of various regulations in the United States and several European countries to strengthen oversight of the activities of the foreign sovereign wealth funds...... Full Article: Source