Monday, Oct 27, 2008
Another statement from Property Ali
FT: UAE property prices set to fall
“A real estate correction could happen, but UAE banks are cushioned... the banks are safe,” Sultan Nasser al Suweidi, the central bank governor, said at a conference held by the Arab Monetary Fund in Abu Dhabi, the capital of the UAE.
Posted by whostolemyendowment @ 03:03 PM (310 views) Add Comment
2 Comments
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1. whostolemyendowment said...
As addition to my post, also from FT - regards Kuwait
www.ft.com/cms/s/0/79fb64a4-a35e-11dd-942c-000077b07658.html
2. montesquieu said...
More 'strong funadementals' ... though the whole thing might well turn out to have been built on sand ... oops ....