Slim pickings

Story Summary

The news that Carlos Slim, one of the richest people on the planet, is focusing efforts on investing some of his vast fortune in Israel should come as no surprise to anyone from Slim’s ancestral homeland, Lebanon.

Slim revealed his intentions in the context of an official visit this week by Israeli President Shimon Peres to Mexico, and said the technology sector was of particular interest for his potential financial move.

The choice of Israel is a highly objectionable one as Slim is considered so connected with his homeland that he has even been given the National Order of the Cedars.

Like any other sane investors, Slim is looking for dynamism, innovation and a well-developed legal-judicial system, so that his investments will be sufficiently protected.

Read more:
(The Daily Star :: Lebanon News ::

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