From Globalarabnetwork.com: Initially, it seemed that the Gulf Capital markets would avoid the global economic crisis, but it hit them in December 2009. It has been an extraordinary year in Gulf Capital markets.
For much of 2009, most observers believed that the Gulf region, underpinned by liquid markets, strong banks, record oil prices and with relatively closed capital markets, would miss the worst of the global economic crisis…………………………………Full Article: Source