Tuesday 24 May 2011

Syria revolt hits Qatari investments

Qatari investments worth $6bn are at risk in Syria as Damascus, apparently furious over Al Jazeera’s coverage of the unrest there, has suspended key projects of mainly Qatari Diar and Qatar Electricity and Water Company (QEWC).

Syrian social networking sites report that the decision has been taken by the Syrian regime as retaliation for Al Jazeera’s footages of the upheaval in the country.

Ironically though, many viewers are still not quite happy with Al Jazeera’s coverage of the Syrian events and describe it as half-hearted. However, a top QEWC official told a Doha-based Arabic daily that the power generation projects his company was planning to launch in Syria are in a limbo because the Syrian partner of the joint venture was not cooperating.

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