Arabs lost $2.5 trillion from credit crunch: Kuwait
Web posted at: 1/17/2009 5:55:44
Source ::: AFP
KUWAIT CITY: Arab investors have lost $2.5 trillion from the credit crunch, Kuwaiti Foreign Minister Sheikh Mohammad al-Sabah, whose country hosts an Arab economic summit next week, said yesterday.
“The Arab world has lost $2.5 trillion in the past four months” as a result of the global financial crisis, Sheikh Mohammad told a press conference following a joint meeting of Arab foreign and finance ministers in Kuwait.
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