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Dubai Ruler Fund Shuns U.S.; Eyes India, China Instead - ASHARQ AL-AWSAT English Archive
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JEDDAH (Reuters) – Dubai International Capital, an investment agency owned by the ruler of Dubai, said it is holding off making additional investments in the United States because asset prices are likely to fall further.

“The U.S. market is not yet attractive,” Chief Executive Sameer al-Ansari told Reuters in Jeddah, Saudi Arabia, on the sidelines of an investment conference.

“We will see more of a correction in the first half and then we will see some opportunities … for the moment, more problems are yet to be disclosed,” he said.

“We are actively looking at Asia, namely India and China, especially in the manufacturing sector,” Ansari said, declining to be more specific.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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