Saudi Arabia, UAE, Kuwait, and Qatar discuss canceling US investment commitments.
Financial Times (paywall):Gulf states could review overseas investments to ease financial strains caused by Iran war
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Saudi Arabia, UAE, Kuwait, and Qatar are discussing withdrawing from contracts with the US and canceling future investment commitments.
End of US Empirepic.twitter.com/UDQXYztl8y
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Reuters:Gulf states could review investments due to financial strains caused by Iran war, FT reports
Gulf states could start to review their overseas investments and future commitments as they consider options to ease the pressure on their budgets following the U.S.-Israeli attacks on Iran, the Financial Times reported on Thursday.
A Gulf official told the newspaper the conflict that has engulfed the region could have an effect on anything from investment pledges to foreign states or companies, sports sponsorships, contracts with businesses and investors, or sales of holdings, especially if the war and related expenses continue at the same pace.
Reuters could not immediately verify the report. FT did not disclose the name or the position of the official.
Source: SGT Report