Oil slick

Bi, Farmida; Gupta, Ravi
November 2005
Lawyer;11/21/2005, Vol. 19 Issue 45, p36
Trade Publication
The article focuses on the economic growth that the high price of oil is bringing about in the Middle East. It discusses investment trends in the region, such as Middle Eastern investors' preference to invest their wealth regionally rather than in Western markets and the popularity of real estate and equity as investment options. In line with the growth in investment, states in the Persian Gulf are competing to make themselves the predominant financial hub in the region.


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