Money jihad (Jihad al-Mal) hits a setback?

Posted by Raymond on January 21, 2009 3:48 PM

For all of al-Qaeda's talk that it will economically "[1] bleed" the West dry, and that Allah is on "their" side, this story implies otherwise. If the West is limping, the Arab world appears to have been hobbled:

"Arabs lost $ 2.5 trillion from credit crunch: Kuwait," from [2] Gulf in the Media, January 17:

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.


Article printed from Jihad Watch: http://www.jihadwatch.org/2009/01/money-jihad-jihad-al-mal-hits-a-setback.html

URLs in this post:
[1] http://www.guardian.co.uk/world/2004/nov/03/usa.alqaida
[2] http://www.gulfinthemedia.com/index.php?id=452784&news_type=Economy&lang=en