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This week on MME

  • Story Highlights
  • EU and U.S. officials meet to discuss implications of sovereign wealth funds
  • MME asks U.S. Deputy Treasury Secretary Robert Kimmitt for his view
  • Special report on water as a commodity, Mideast plans to boost supplies
  • Saudi Arabia, Jordan spending billions of dollars on water networks, plants
  • Next Article in World Business »
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U.S. Deputy Treasury Secretary talks to MME about the U.S. stance on sovereign wealth funds.

Face Time with U.S. Deputy Treasury Secretary Robert Kimmitt

As the U.S. markets impact Gulf stocks this week, sovereign wealth funds (SWF) still show no sign of slowing down. SWF, Dubai International Capital, is still trying to get a stake in Liverpool Football Club, and the IMF is estimating that the world's sovereign wealth funds, which currently amount to two to three trillion dollars, will increase to six to ten trillion dollars within five years. The increased importance of the funds has prompted the west to discuss how to deal with their emergence. This week, the U.S. Deputy Treasury Secretary Robert Kimmitt is in Europe, in part to meet with EU leaders on how to address the transparency of SWFs. This week, MME asks Mr. Kimmitt for his view.

In Focus -- Water, Water Anywhere?

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Depleted by expanding populations, rising birthrates, and growing agricultural initiatives, water is redrawing the geopolitical landscape of the Middle East. The Middle East only has less than one percent of global water resources and a mutual reliance on sources has made water a catalyst for conflict. But now the region is combating the water shortage problem. Saudi Arabia plans to spend up to $54 billion by 2020 on expanding and operating its water network. Jordan has launched a $125 million Water Treatment and Conveyance Project, and private companies are also getting in on the action. MME looks into plans to increase the supply of water in the region.

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Friday: 09:15, 20:45
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