| 29.01.2009 - Global financial turmoil 'threat to GCC projects' |
| From Gulf-daily-news.com: The GCC region now has around $3 trillion tied up in construction and infrastructure projects, of which at least 10 per cent are in serious trouble due the global economic crisis, an expert said yesterday. Economics and petroleum market behaviour associate professor at the Abu Dhabi-based Petroleum Institute Dalton Garis said Dubai is perhaps the most seriously affected though other parts of the region are "weathering the storm well"..... Full Article: Source |