Saturday, December 02, 2006

One Stop Government Contractor Carlyle Group Sets Up Shop in Middle East

The Carlyle Group, a famously politically connected investment house with a Pennsylvania Avenue address, just announced the establishment of a team to conduct investments in the Middle East. Since President Bush’s inauguration, Carlyle has grown from a $13 billion outfit to over $44.3 billion. In their aim to become a one stop shop for federal contracting they expanded their healthcare presence by purchasing a large preferred provider organization and added a infrastructure division to meet government needs.

Their press release had this to say about their new presence in the region. “Carlyle’s Middle East North Africa team will invest primarily in healthy, growing companies. From offices in Cairo, Dubai and Istanbul, the team will leverage Carlyle’s expertise in various sectors, including energy, financial services, healthcare, industrial, infrastructure, technology and transportation.”

The other address on Pennsylvania Avenue works hard to export American capitalism, to pave the road for groups like Carlyle to profit. The International Monetary Fund and World Bank also do their part to help. It should be little surprise that Western businessmen would descend into the region looking for ways to make even more money for their already super rich clients. Bush paves the way for his friends and relatives to profit. On that he is most consistent…

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