From Aawsat.com: Direct foreign investments to the Arab world increased 20 percent in 2008 compared to the previous year, even as the region grappled with the impact of the global economic meltdown, the head of an Arab investment body said Monday.

The gains, which came even as regional and global equity markets saw an exodus of capital, were largely tied to inter-Arab investments, said Fahad Al-Ibrahim, the director-general of the Arab Investment and Export Credit Guarantee Corporation, a Kuwait-based autonomous Arab regional organization that aims to promote Arab capital mobility……..Full Article: Source