Little Mideast Oil Wealth Is Going Toward Takeovers of U.S. Assets February 26, 2006
Posted by tkcollier in Economy & Business, Geopolitics, In The News.trackback
Little Mideast Oil Wealth Is Going Toward Takeovers of U.S. Assets – New York Times
Oil-exporting nations in the Middle East and North Africa are expected to earn about $530 billion from sales of crude oil this year, compared with $300 billion in 2003, according to the International Monetary Fund.
Middle Eastern countries account for less than 1 percent of $1.5 trillion of foreign direct investment in United States businesses and real estate, according to a recent report by the Congressional Research Service. That lags far behind the largest foreign investors: Britain, Japan, Germany, the Netherlands and France.
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