Wednesday, June 25, 2008

Focus on the Gulf Cooperation Council

The Arab states of the GCC are booming,according to Ibrahim Dabdoub,CEO of the National Bank of Kuwait.Things will remain rosy for a long time-as long as oil is more than 100 dollars U.S. a barrel.Basically we have the sovereign wealth funds to save as much as we can for the future generations,so that they will be able to live on the return of these funds.The average GCC citizen is investing in the regional market.There aren't too many investments in the West and the U.S.,because those markets aren't doing very well.Dubai has proven to have a regional model.It's a hub.

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