May 27, 2008
Maghreb, "lacking business know how...." Gulf whinging
I was rather amused to read this article apparently from Reuters parroting Gulf complaints about Maghreb investment (also at at Trade Arabia). Perhaps on the Aqoul page I shall go into greater depth, but this really amused me. I am not sure Emaar et al have such fab expertise in actual planning versus in massive use of near indentured labour with astounding disregard of standards....
Posted by The Lounsbury at May 27, 2008 06:45 PM
Filed Under: Biz - Private in MENA
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Analysts said the reasons for delays were sometimes hard to fathom in a region where powerful elites play complex games of patronage that distort ordinary business logic.
Hah, they didn't figure this out BEFORE investing?
An influx of foreign funds could also boost the local currency and hit the backbone of Tunisia’s economy - exports.
I disagree with this one. Tunisia's currency is already overvalued. If there's any real pressure up, it would only bring its real value closer to the nominal one...