"...The employee was surprised to hear that the Qatari sheikh has asked the bank manager to sell the property, even at half the cost. The reason given was that the decision came from the Qatari leadership, instructing all its citizens to withdraw from the Lebanese real estate market.The Saudi approach was more subtle and diplomatic – its citizens did not rush to pull out their investments in one fell swoop. The first step was to cut down on their visits to Lebanon, followed by a boycott of economic conferences and events.Then, to the surprise of many Lebanese, major investors and real estate owners started to put up their properties for sale. ..."
Tuesday, January 8, 2013
Qatari leadership to citizens: "Withdraw from the Lebanese real estate market!"
Posted by G, M, Z, or B at 12:10 PM