MidEast Property Orgy Ends, Currency Battle BeginsWhat: Dropping oil prices and a global credit crisis is hitting the Middle East too, where some states are considering a common currency.
December 4, 2008 by Andrea Toochin
Filed under Uncategorized
The Dirt:Cost cutting in a world where five-star hotels are the norm is a scary sign. The folks in the Middle Eastern city of Dubai are cutting costs and bringing the real estate development spending spree to halt, having already asked Abu Dhabi for help. Some of the folks in the Gulf Cooperation Council (GCC) [...]
