The GCC Today

We are going into a cycle like the late 1970s,early 1980s,Ibrahim Dabdoub of the National Bank of Kuwait said.Inflation is going to stay with us globally.You have to hedge.We're trying to pick up some products in distressed debt,the return is so good.Investment banks are on the radar;it's an opportunity.We are small,peaceful countries,Mr.Dabdoub continued.They forget the countries behind the funds.Abu Dhabi and Kuwait don't have any political interest whatever.Eventually these negative voices will die down,because the U.S. would lose a lot if they don't,Mr.Dabdoub feels.