The Gulf Co-operation Council countries have suffered as a result of the global economic downturn. Bank profits are down and there have even been some bank failures. But there is also plenty to be upbeat about, with some regions bucking the downward trend. Writer Michael Imeson
The United Arab Emirates began to feel the chill winds of global recession late last year. However, the Emirates' immense accumulated wealth, especially that of Abu Dhabi, is likely to protect the economy in general, and the financial system in particular, from the worst effects. Writer Michael Imeson
Will the new Dubai International Financial Exchange fulfil the vision of its creators to become hub for the region? Omar bin Sulaiman, director general of the Dubai International Financial Centre, talks to Stephen Timewell.The Dubai International Financial Exchange (DIFX), which was due to open on September 26, is an ambitious attempt to become the leading exchange between west Europe and east Asia.