For all of al-Qaeda’s talk that it will economically “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 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.