Thursday, January 14, 2016
Gulf Money Would Quit US If Trump Wins
Gulf Arabs could pull billions of investment money from the United States if Trump wins the presidency later this year. Trump front-runner, to be the Republican Presidential candidate triggered outrage when he advocated temporary ban on Muslims entering the United States. United States will lose their business, people will cancel any plan of investment there, said, head of United Arab Emirates -based conglomerate of Al Habtoor Group, who once supported Trump's candidacy. Because if you do not want me in your country, how can I invest and put my money there. Therefore people will divest and this will result in unemployment in the USA. In other words Gulf investors take similar view, billions of dollars of Gulf Arab money slated in the United States could be at risk. That includes multi-billion dollar aircraft orders for Boeing from Emirates and Etihad as well as defence contracts. Similarly, Saudi billionaire prince Alwaleed Bin Talal's company Kingdom Holding has a substantial portfolio of US Holdings including Citigroup, Twitter and and Newscorp.