27.10.2008 - UAE: Credit crisis hurts commodity markets
From AME Info: The global sell-off not only hits stock markets, but also commodities. Two weeks ago, the Dubai Financial Market (DFM) General Index tumbled to a multiyear low of around 3,000 points. The federal government of the UAE guaranteed all interbank lending between UAE-based institutions and all deposits held by UAE-based commercial banks. Nevertheless last week the panic did not vanish, rather intensified: resulting in a severe collapse of the financial markets...... Full Article: Source