| From Bloomberg: The United Arab Emirates is preparing a plan to help banks resume lending as the “unprecedented” credit crisis ends a five-year real-estate boom in the Gulf nation, the chairman of state-owned Dubai World said.
“If we want the banks to lend again to real estate, then obviously governments will have to put a plan,” Sultan Ahmed bin Sulayem, who also sits on a committee studying the effects of the global credit crisis on Dubai’s economy, said in a Feb. 17 interview in his office. ..... Full Article: Source
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