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International Investing / Australia (All-Ordinaries)


Subject:  Re: Investment Flows Date:  8/21/2002  7:42 PM
Author:  jono202 Number:  4902 of 6186

More like a bit of a combination of things I reckon. Your right about the money being more important than sentiment , if it were just sentiment you'd reckon the money would have been withdrawn much earlier.

As part of the fight against terrorism, the US and Saudi authorities have been monitoring the accounts of dozens of Saudi companies and individuals, a move that alarmed Saudi merchants. Youssef Ibrahim, a senior fellow at the Council on Foreign Relations working on a project re-examining US-Saudi relations, said Saudis had withdrawn at least $200bn from the US in recent months. He said the move has been driven by hawkish US commentators' calls for the freezing of Saudi assets

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