Israel has been buzzing with rumors for more than a year that if the USA doesn’t get involved in a military conflict with Iran in 2008, it will likely send some sort of attacking force against nuclear related facilities.
Such rumors have been rampant since 2005 when U.S. Vice-President Dick Cheney first claimed that the U.S. was holding Israel on a leash to not attack Iran.
http://www.globalresearch.ca/articles/CHO505A.html
A new impetus for Israel to go ballistic (not just metaphorically) occurred in early February 2008 as Iran launched a rocket into space. The Israeli Institute for National Security has responded this month of March with a report on that rocket test.
http://www.inss.org.il/publications.php?cat=21&incat=&read=1674
INTELLIGIENCE SUMMARY: INVESTING IN KUWAIT?
According to the official hype on the humongous project, “Silk City” will take shape on islands and wetlands south of where the Euphrates River flows into the Persian Gulf.
Official statements from the organizers of the mammoth project explain:
“The oil-rich Gulf state of Kuwait plans to build a major new city inspired by the Silk Road that it hopes will become a global trade and tourist attraction. . . . The $77 billion ‘City of Silk’ aims to revive the ancient trade route by becoming a major free trade zone linking central Asia with Europe.”
It will be larger than any other development in the Middle East, topping even the magnificent scale of projects in Dubai.
Although the government of Kuwait has not fully signed off on the project yet, it should be noted that with oil moneys flooding into Kuwait currently at such a high rate, this probably Kuwait’s only opportunity to overcome its 2 decade-long economic decline in regional political-economic strength and build for the long-term.
This investment project would enable Kuwait to keep many of the fast-arriving petrodollars from simply making capital flight, i.e. if there are any downturns in the global, regional or local economy.
Moreover, the Kuwait Investment Authority alone, has currently some $225 billion dollars on hand for investment. It is one of the largest sovereign wealth funds in the world. http://www.financialnews-us.com/?page=ushome&contentid=2348431254
In addition, there are Saudi investors and other regional investors—possibly even from Iran or Iraq--who potentially will be able to chip in, too.
Meanwhile, with the USA economy in the dregs, investors from the USA are looking to the Persian Gulf as one region to take their funds and capital to these days.
Even after the U.S. Congress vetoed a UAE companies takeover of a major U.S. port two years back, the UAE and other regional states in the Gulf have continue to seek and receive U.S. investment. http://archive.gulfnews.com/indepth/pando/more_stories/10022555.html
http://www.arabianbusiness.com/511640-kuwait-swf-hungry-for-european-us-investments?ln=en
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