Arab countries have lost because of the crisis of 2.5 trillion dollars.

As a result of the global financial crisis, investors from the Arab countries have lost at least 2.5 trillion dollars. These figures on Friday gave Sheikh Mohammed Al-Sabah - Foreign Minister of Kuwait, which will be held January 19-21 economic summit of the Arab countries.

The biggest loss, he explained, and businessmen from Arab countries have suffered as a result of a 40 per cent devaluation of their foreign investments, which before the crisis were estimated at 2.5 trillion dollars. Some 600 billion dollars, according to his calculations, they have lost as a result of the fall in share prices on stock markets, accompanied by a decline in oil prices.

Negative impact on investors from the Arab countries and falling house prices. Because of the crisis, said al-Sabah, Member States of the Gulf Cooperation Council, bringing together Bahrain, Kuwait, Qatar, United Arab Emirates, Oman and Saudi Arabia, have been forced to postpone indefinitely or collapse of up to 60 percent of development projects.

The development of a unified strategy to combat the global financial crisis, said Foreign Minister of Kuwait, will be the main theme of the economic summit of Arab countries - first in 2009. In addition, meeting in Kuwait, the Arab leaders will discuss the situation in the Gaza Strip, where since the end of December 2008, Israel is pursuing spetsoperatsiyu.