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Middle East caught up in the storm

Created:
14 October 2008
Written by:
Julian Hofmann

The Middle East has increasingly been cited in recent months as the ultimate safe haven for hard-pressed companies reeling from the impact of the credit crunch. The region’s seemingly endless oil-financed construction boom has proved a boon for a clutch of UK companies, but the good times could be coming to an end as debt escalates in Dubai and the oil price falls.

http://www.investorschronicle.co.uk/Companies/ByEvent/Indicators/Analysis/article/20081014/c90d19a0-99f6-11dd-8351-00144f2af8e8/Middle-East-caught-up-in-the-storm.jsp

 

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