by glooperoo » Tue Aug 09, 2005 2:41 pm
I would have to imagine quite a bit of that $360 billion currently resides in the US. I'm sure <!--EZCODE LINK START--><a href="http://www.sciencedaily.com/upi/?feed=TopNews&article=UPI-1-20050807-09573600-bc-saudi-funds.xml">this move will work wonders for our flourishing economy</a><!--EZCODE LINK END--><br><!--EZCODE QUOTE START--><blockquote><strong><em>Quote:</em></strong><hr><br> <br>Saudis to retrieve $360 billion abroad<br><br>RIYADH, Saudi Arabia, Aug. 7 (UPI) -- Saudi Arabia said Sunday it was working to bring back to the kingdom a total of $360 billion invested abroad in the last 18 months.<br> <br> <br>Foreign Minister Prince Saud al-Faisal told reporters the government was working on returning these "national assets" back to the oil-rich Arab country and to attract foreign investments in Saudi Arabia.<br><br>He said the kingdom has "established qualified institutions for that purpose," but did not elaborate.<br><br>The minister added that the "smooth way" in which power was handed over to new King Abdullah bin Abdul Aziz after King Fahd's death last week meant a continuation of stability.<br><br>"We hope these measures taken on the economic front will return the Saudi funds," Prince Saud said.<br><br>Copyright 2005 by United Press International. All Rights Reserved.<br><hr></blockquote><!--EZCODE QUOTE END--> <p></p><i></i>
