| 20.10.2008 - Credit crisis to hit Gulf real estate projects |
| From Gulf-daily-news.com: Financing conditions for real estate projects are worsening, and some big projects will stall as the credit crunch hits the Gulf region, a leading banker said. "The days of cheap money are gone. Be prepared to pay more," Dubai Islamic Bank (DIB) group head Khaled Al Kamda said. DIB is one of the Gulf's biggest lenders and a key player in the massive developments in the UAE..... Full Article: Source |