Gulf Investors Give Damascus Vital Cash Boost

[Financial Times-UK] Roula Khalaf - Syria's foreign policy has put it at odds with most of its Arab neighbors, but Gulf petrodollars are still finding their way to Damascus and giving the isolated economy a much-needed boost. According to Abdullah Dardari, deputy prime minister for economic affairs, nearly half of the $2.5b in non-oil-related foreign direct investment expected this year comes from Arab sources, with much of the rest from Syrian expatriates.


2007-11-09 01:00:00

Full Article

BACK

Visit the Daily Alert Archive