Beirut Spring

Blogging Lebanon
since 2005

About

This post is more than 15 years old

Politics move quickly and opinions evolve. There's a good chance I no longer hold some of the opinions expressed in the post below
—Mustapha

“deeply divided over who should run the sovereign fund”

August 5, 2010 · Mustapha Hamoui

Remember how I wrote that creating a SWF (sovereign wealth fund) to manage potential oil finds would be fraught with too many political land mines in Lebanon?

It’s already happening. We’ve now gotten into the dreaded vicious circle of inaction and greed. And we haven’t even found the stuff yet. Meanwhile, the Israelis keep drilling.