As the Dubai meltdown threatens to deal yet another blow to the world's economy, it looks like Israel will not be directly affected: since almost no-one in Dubai was willing to do business with the detested Israelis,
the Israelis weren't offered the option of losing their money in Dubai. Heh.
Palestinian construction workers, on the other hand, are losing jobs both in Dubai and the West Bank.
ReplyDeleteOh well, I;m not so sure that there is a positive correlation between economic progress and peace.
This might scare global banks off investing in the arab states. Guess where all that money will end up going? The only stable economy in the region - Israel. There is a lot of opportunity here for Israeli companies and banks to attract global capital.
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