Capturing the MidEast in short soundbites: poignant reflections by people who understand the complexities of the Middle East. My philosophy is: "less is more." You won't agree with everything that's here, but I'm confident you will find it interesting! Excepting the titles, my own comments are minimal. Instead I rely on news sources to string together what I hope is an interesting, politically challenging, non-partisan, non-ideological narrative.
Sunday, July 17, 2011
Jihad's Money Woes
Hizbullah Facing Financial Problems -Erich Follath
In recent months, Hizbullah has become involved in disastrous investments, losing almost $1.4 billion.
The Iranians, who are now feeling the brunt of UN sanctions, have made it clear that they cannot provide Hizbullah with additional funding at this time.
This is embarrassing for Hizbullah, whose image in Lebanon depends in large part on its generous social services. It is now falling behind in the rebuilding of homes it had promised to Hizbullah's Shiite followers after the destructive 2006 Lebanon war.
(Der Spiegel-Germany)
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2 comments:
These things are bound to happen. It shows we must be resolved to stay the sanction course with Iran.
Indeed.
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