Middle East caught up in the storm

14 October 2008
Written by:
Julian Hofmann

The Middle East has increasingly been cited in recent months as the ultimate safe haven for hard-pressed companies reeling from the impact of the credit crunch. The region’s seemingly endless oil-financed construction boom has proved a boon for a clutch of UK companies, but the good times could be coming to an end as debt escalates in Dubai and the oil price falls.



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