26.03.2009 - GCC central banks claim adequate liquidity, credit flow
From Gulfnews.com: Gulf Arab economies could shrink this year due to oil price declines, but liquidity is adequate and credit still growing, central bankers in the world's top oil-exporting region said Wednesday. Sultan Nasser Al Suwaidi, the UAE Central Bank governor, told a banking conference that he did not expect oil prices to average more than $40-$44 (Dh146-Dh161) per barrel in 2009, a far cry from the highs near $150 in July that marked the peak of an economic boom across the six-member Gulf Cooperation Council.....Full Article: Source