The Middle East: Life After the Oil Bust
Source: Knowledge@Wharton

Time was when oil was being sold at $140 a barrel, and while consumers cringed at the high prices, the oil-rich nations of the Middle East prospered. The result was an economic boom that spanned industries ranging from financial services and real estate to tourism. Stock prices soared. Sovereign wealth funds snapped up choice assets around the globe. In late 2008, the oil bubble burst, the financial crisis began to roll across the world and boom turned to bust. How have the combined effects of the global slowdown and low oil prices affected the economies of the Middle East? In this special report, Knowledge@Wharton and Khaleej Times explore how businesses in the region are coping with today’s brutal reality.

Read articles individually or download full report (PDF; 1.02 MB).

This entry was posted on Thursday, March 12th, 2009 at 6:11 am and is filed under Business and economics, Energy, Middle East. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.