Saturday 11 July 2009

Tim to urge 'buy American'

The United States is set to underline the point that inflows from foreign investment funds are more than welcome when Treasury Secretary Timothy Geithner meets leaders of the UAE's biggest sovereign wealth funds.

Geithner is visiting the United Kingdom, Saudi Arabia, the Emirates, and France next week for discussions on a range of issues, not least the global economy.

On Wednesday in Abu Dhabi, the Treasury Secretary will have a breakfast meeting followed by bilateral meetings with Mohammed bin Zayed al Nahyan, Crown?Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, the finance minister and heads of Abu Dhabi Investment Authority (Adia) and Abu Dhabi Investment Corporation.

Source posted yesterday:

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