File - Construction sites are seen in downtown Beirut, Thursday, March 6, 2014. (The Daily Star/Mahmoud Kheir)
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Lebanon is again on the radar of potential investors following a report carried by CNN Money that ranked Beirut among the best real estate investment destinations in the world on its list of "Up and Coming Cities For the Rich".Louis Hobeika, professor of economics and finance at Notre Dame University, and economist Ghazi Wazni were skeptical of the report.The CNN report said, "Despite its violent history, Beirut stands out as being an ideal place for adventurous investors, according to a new report from Savills World Research, Candy & Candy and Deutsche Asset & Wealth Management.Hobeika insisted that the report was misleading if not just wrong.
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