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November 9, 2007       Share:    

Source: http://www.ft.com/cms/s/0/7f9482ee-8e2c-11dc-8591-0000779fd2ac.html?nclick_check=1

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.

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