Dubai Pressures Europe

April 30, 2008 by Douglas A. McIntyre

Dubai has told the EU that it will not sign any pacts which restrict how and where it will invest in the region. It considers the request a form a discrimination.

To point a point on it, Dubai can refrain from investing in Europe if it cannot do so on reasonable terms.

The FT writes that the head of Dubai World, the nation’s sovereign fund said “People who have money to invest, if they hear that somebody’s going to discriminate against them, they wouldn’t go [there]."

Douglas A. McIntyre

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