Thursday, October 09, 2008

Libya and Muammar Qaddafi are in back in fashion

After years of enforced isolation, Libya is back in the international fold and Gulf investors are among the first wave of arrivals to be welcomed by Colonel Muammar Qaddafi.
But is the former pariah state really ready to do business with the West?

As the first US secretary of state to visit Libya in 55 years, Condoleezza Rice might have expected at least a handshake upon her arrival.
Yet when Colonel Muammar Qaddafi ‘welcomed' her to his compound in Tripoli last month, Rice was left hanging by the Libyan leader, who ignored her proffered hand, dismissively gesturing her to a nearby sofa as he turned instead to the flashbulbs of the world's media.
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