Editor’s Letter: Riding a Global Recession

Special Report

This brings us to the Middle East. Flush with cash thanks to a still-booming oil and energy industry, exchanges have popped up in the region and firms have tripped over themselves to search for opportunity. Yes, the cliché of finding liquidity in the desert still applies here.

But the recession is having an impact in this area. The volatile markets and exposure to other regions that are suffering has had a profound impact in Dubai and other Middle Eastern financial capitals. Once-solid operations

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