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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Gulf investors eye Turkey as major economies like the US lose trust

Posted on 17 October 2016

In late September, the U.S. Congress overrode U.S. President Barack Obama’s veto of legislation, known as JASTA, which gives families of 9/11 victims the right to sue Saudi Arabia for any alleged role it may have had in the 9/11 attacks. Fifteen of the 19 hijackers were Saudi citizens but no link to the Saudi government has been proven while the government denies any ties with the plotters.
Gulf investors’ interest in Turkey has increased as they lose trust in major economies like the U.S., according to Prime Minister Binali Yıldırım. Yıldırım held a private meeting with economy editors of national newspapers on Saturday where he discussed recent developments in the economy on a local and global scale, underlining the rising interest of Gulf investors. Touching upon the U.S.’s latest decision on Saudi Arabia, the prime minister noted that these kinds of decisions weaken trust in the U.S……………………………Full Article: Source


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