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Asset Stripping

 by dawn03 @ 2007-07-28 - 06:54:20

Dubai[1]

Would you feel nervous if an oil rich Arab country wanted to buy controlling stakes in your most strategic assets? Countries such as Dubai with trillions of dollars of spare cash are buying up stakes in Western assets and firms, so that when the oil runs out the cash will keep rolling in from foreign investments. When they succeed billions of dividends flow out of your country each year. The loss of funds must have a big impact on your balance of payments.

America recently blocked Dubai interest in New York ports, the concern being politics, not really security issues.

What controls if any is the European Union contemplating introducing?

Dubai is now bidding for New Zealand's Auckland airport through which 95 percent of our international traffic goes. We shudder to think that NZ is becoming a nation of employees. We already have one of the highest levels of foreign ownership there is.

4 comments | Permalink | Email this post
Tags: dubai, new zealand, oil,

Comments: Hide subcomments

unclefrankunclefrank [Member]
28/07/07 @ 09:23

It'll be a while before the oil runs out,
By which time the West may lose its clout,
Now the Arab oil sheiks are on the prowl,
The West may in due course have to grovel.

dawn03dawn03 [Member]
29/07/07 @ 03:58

It's the balance of payments that concerns me. I wouldn't want the country to go bankrupt due to Dubai interests.

ABE-unlimitedABE-unlimited [Member]
http://abe-unlimited.livejournal.com/
02/08/07 @ 18:01

That's sad - expansion always begins with ecomonics and ends with politics.

dawn03dawn03 [Member]
05/08/07 @ 08:09

Thanks for your comment Anna. Wealthy Arabs who don't believe in equality between men and women should not be controlling our most important assets.

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