Riyadh: A top American business executive and economic expert cautioned Gulf and Arab investors against the risks of making investments in the United States at present in the wake of the global meltdown.
Addressing the Global Competitiveness Forum (GCF) in Riyadh, Peter Schiff, chief executive of Euro Pacific Capital, urged investors not to throw their wealth into the hands of Americans, who, in turn, will use them as borrowed money.
He said that it will take some five years for the world to get rid of the present financial crisis.
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