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A top US official on Tuesday made a strong pitch for Gulf Arab investment and promised them better treatment than meted out to Dubai port operator DP World more than two years ago as America tries to overcome turmoil in its financial system.
Robert Kimmitt, deputy secretary of the Treasury, told a gathering in Dubai that the crisis is not limited to the US and Europe, but "has ramifications for all countries, including in the Gulf".
Kimmitt called for collective efforts to rebuild confidence in the markets and stressed investment funds controlled by governments in the region had a role to play in this.
Gulfnews: US seeks Gulf investment to tide over financial crisis
Robert Kimmitt, deputy secretary of the Treasury, told a gathering in Dubai that the crisis is not limited to the US and Europe, but "has ramifications for all countries, including in the Gulf".
Kimmitt called for collective efforts to rebuild confidence in the markets and stressed investment funds controlled by governments in the region had a role to play in this.
Gulfnews: US seeks Gulf investment to tide over financial crisis
