Investors Shun Postwar Iraq as OPEC Star’s Recovery Lags
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Ziad Makkawi set up a private equity investment firm last year to capitalize on Iraq’s plans for reviving an economy gutted by wars and sanctions.
Makkawi’s zeal faded as OPEC’s second-largest oil producer struggled, and he now sees brighter prospects elsewhere in the Middle East, including Libya, where deadly attacks persist after the 2011 revolt against Muammar Qaddafi.