Wednesday 11 July 2012

MIDEAST MONEY-Politics, policy dismay Gulf investors in Lebanon | Reuters

Mohammed Khalaf Al Habtoor says he will not visit Lebanon any time soon and doesn't plan any fresh investments in the tiny Mediterranean country.

The chief executive of Al Habtoor Group, and the son of prominent United Arab Emirates business tycoon Khalaf Al Habtoor, is fed up with continuous conflict among Lebanese politicians and tensions spilling over from neighbouring Syria.

He is one of a number of investors from the wealthy Arab Gulf states who are putting their investment plans for Lebanon on hold or rethinking their strategies in the country. This could deal a blow to the Lebanese economy.

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