How much the Gulf states are going to pay to rescue the American economy ?
Mustafa Hamido , Aleppo: Oct 1 2008
Made Popular Oct 2 2008
Syria :

How much the Gulf states are going to pay to rescue the American economy ?

An urgent question has appeared after the Collapse in the American economy:

How much the gulf states will pay to rescue the American economy?

According to reports by Arab news papers, American is putting the Gulf States under pressure to participate in the bailouts to rescue the collapsed financial sector in US. Gulf diplomats have told Al-Akhbar correspondent in New York that US is demanding participation From the Gulf States who have a huge Financial surplus as a consequence of oil high process. It is not known till now whether the gulf states has accepted the participation in the bailouts which it is expected to be approved by Congress later today.

Some of Arabs millionaires have lost billions in recent collapse of American financial sector. According to reports, Alwaleed bin Talal - a Saudi prince - has lost half of his fortune in recent collapse. His fortune is estimated by 20 billions. He has a shares in a lot of financial firms which have bankrupted recently.

Tags: Economy, gulf, Financial markets, surplus
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Marie Hazledine-Barber
1 Stars
Marie Hazledine-Barber hazledinebarber.com Oct 2 2008
Picton, New Zealand
Why should the Gulf States bail out USA.They too have lost in many ways. In New Zealand gentlemen from Dubai wanted to buy our main international airport in Auckland. With their expertise,money, and great vision that would have been wonderful for our country.
Sad it did not happen, instead a re-look at some Canadian Pension Fund .. how dead-beat. I’d rather the expertise from the Arab states ... just look at Dubai and how extraordinary it is. They are to be applauded.
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Mustafa Hamido
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Mustafa Hamido aleppous.com/english Oct 2 2008
Aleppo, Syria
In fact , all calls for globalization from US has turned to be a call to ”one way economy ”, All must serve Uncle Sam who wants us to be his maids
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Marie Hazledine-Barber
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Marie Hazledine-Barber hazledinebarber.com Oct 2 2008
Picton, New Zealand
Uncle Sam has to change and with a new president there may be some reviews in how monetary policy is developed. This event has come about by greed and mismanagement and heating the market. A new point of view is needed for the future.
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Vijay
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Vijay Oct 2 2008
Kota, India
Mustafa,small boats cant save a big ship from sinking.
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