Terror-Sponsoring Arab States Buying US Companies
Charles Johnson
Thu Sep 20, 2007 at 9:30 pm PDT • Views: 388
The terror-sponsoring Arab state of Dubai is flush with oil money, and making a bid to buy 20% of NASDAQ: As Oil Hits High, Mideast Buyers Go on a Spree.
As oil prices soar, Middle Eastern governments are exercising their growing clout by making deals around the globe — with a new political savvy.
Yesterday saw a burst of activity involving Mideast governments, including a battle between two Persian Gulf emirates over stakes in the London Stock Exchange and a bid by one of them for a stake in Nasdaq Stock Market Inc. A third emirate announced an investment in Carlyle Group, a Washington-based private-equity firm known for ties to political heavy hitters such as former President Bush.
The governments of the Persian Gulf — along with regional powerhouse Saudi Arabia — have seen their coffers swell to unprecedented size with rising energy prices and a regional economic boom. Yesterday crude oil topped $83 a barrel.
Frank says: