Economic growth in the Gulfstates such as the UAE and Bahrain haveworldwide attracted attention in recent yearswith a burgeoning service sector tocomplement their considerable oil revenues.However many ask whether the currentrecession will stem this, or whether they are ina position to establish...

The current economicrecession that has gripped the world hasarrived with considerable ferocity, and thereseems little debate that the banking liquiditycrisis has demanded prompt and decisiveaction from states and internationalinstitutions alike. The question confrontingmany policy makers and...