The September 11, 2001, terrorist attacks are increasingly viewed in the oil-rich Arab countries of the Persian Gulf as the catalyst for an economic boom when Arabs divested from America and reinvested at home.
Arab investors pulled tens of billions of dollars out of the United States. They were angered by perceived American hostility toward Arabs. They worried their assets would be frozen by U.S. counter-terrorism measures. And U.S. markets happened to be plummeting while economies in the Persian Gulf were on the upswing, buoyed by rising oil prices.
The results have been spectacular.
Since late 2001, economies in the six Gulf Cooperation Council countries — Bahrain, United Arab Emirates, Kuwait, Oman, Qatar and Saudi Arabia — have soared, with stock markets up a collective 400 percent. The Standard & Poor’s 500 rose 24 percent over that period.
It is noted that rising oil prices have not hurt either; here is the story. Dubai has probably been the biggest beneficiary.
This is good for the US. N Ireland only calmed down when the people had something other than the past to think of. All the moneyed people ready to bail at a moments notice isn’t good for a country.
The Arabs ARE investing in assets which don’t depend on other petroleum economies, namely Tourism with a capital “T”.
In places like Dubai, Kuwait, Bahrain and Qatar they are building entire new cities based on tourism. Dubai and Qatar are building island complexes where no islands existed before (search for The Pearl-Qatar and The Palm Island-Dubai for starters.) SIX-star hotels and resorts, designer shopping, yachting, diving, etc. It’s quite astonishing what they are doing in non oil/gas related venues. Investment is pouring in from both within and without the Arab nations, all the major luxury hotel brands are represented, and tourism from within Europe and the U.K. is growing fast.
Even Saudi Arabia is building a timeshare resort just outside of the holy of holies in Mecca, for cryin’ out loud. Can you believe it? And the thing is selling out before it’s even built.
Maybe they have looked into the future and seen the wisdom of diversifying their economy? The (oil) party is about over, but the USA hasn’t figured that out yet and we’re still dancing on the table tops.
Aside from tourism being affected by the price of jet fuel, it’s hideously vulnerable to terrorism.
weight loss pills – weight loss pills
hair loss remedy – hair loss remedy, hair loss treatment, hair loss solution
antibiotics online – antibiotics without prescription online
diabetes treatment – diabetes disease treatment medication, herbs for diabetes
herbal remedy – herbal remedy
wanyamin 07年7月12日
wow gold
wow gold
powerleveling
powerleveling
wow power leveling
wow power leveling
wow powerleveling
wow powerleveling
world of warcraft powerleveling
world of warcraft powerleveling
world of warcraft power leveling
world of warcraft power leveling
cheap wow powerleveling
cheap wow powerleveling
cheap wow power leveling
cheap wow power leveling
hongkong hotel
hongkong hotel
beijing tour
beijing tour
é—¨ç¦
集团电è¯
集团电è¯
光盘制作
光盘å°åˆ·
光盘å°åˆ·
红外测温仪
红外测温仪
超声波测厚仪
超声波测厚仪
超声波探伤仪
超声波探伤仪
频闪仪
频闪仪
涂层测厚仪
涂层测厚仪
电ç«èŠ±æ£€æµ‹ä»ª
电ç«èŠ±æ£€æµ‹ä»ª
æ¬å®¶å…¬å¸
æ¬å®¶å…¬å¸
北京æ¬å®¶å…¬å¸
网站设计
网站设计
多媒体
google排å
wow gold
翻译公å¸
翻译公å¸
上海翻译公å¸
上海翻译公å¸
北京翻译公å¸
北京翻译公å¸
货架
货架
货架
猎头
猎头
软件测试工程师
软件测试工程师
软件测试
软件测试
软件测试培è®
软件测试培è®
仓库
仓库
仓库出租
仓库出租
物æµå›åŒº
物æµå›åŒº
摆闸
痤疮
痤疮
色斑
色斑
黄è¤æ–‘
黄è¤æ–‘
é’春痘
é’春痘
å£è…”医生
å£è…”医生
å£è…”
å£è…”
å£è…”医院
å£è…”医院
å£è…”科
å£è…”科
三星集团电è¯æœº
呼å«ä¸å¿ƒ
电è¯äº¤æ¢æœº
交æ¢æœº
呼å«ä¸å¿ƒ
测厚仪
测温仪
åœè½¦åœº
é“é—¸
cheap Silkroad gold
cheap Silkroad gold
Silkroad gold
Silkroad gold
Silkroad Online gold
Silkroad Online gold
sro gold
sro gold
Archlord gold
Archlord gold
cheap Archlord gold
cheap Archlord gold
Archlord Online gold
Archlord Online gold
buy cheap Archlord gold
buy cheap Archlord gold
Dofus kamas
Dofus kamas
cheap Dofus kamas
cheap Dofus kamas
Dofus gold
Dofus gold
Dofus money
Dofus money
Rappelz Rupees
Rappelz Rupees
Rappelz gold
Rappelz gold
cheap Rappelz Rupees
cheap Rappelz Rupees
houyuping 07年7月19日
google排å
google排å
wow gold
wow gold
powerleveling
powerleveling
wow gold
wow gold
world of warcraft gold
world of warcraft gold
powerleveling
powerleveling
power leveling
power leveling
wow power leveling
wow power leveling
wow powerleveling
wow powerleveling
world of warcraft powerleveling
world of warcraft powerleveling
world of warcraft power leveling
world of warcraft power leveling
cheap wow powerleveling
cheap wow powerleveling
cheap wow power leveling
cheap wow power leveling
wow powerleveling
wow powerleveling
wow power leveling
wow power leveling
power leveling
power leveling
wow power level
wow power level
Ddo plat
Ddo plat
FFXI Gil
FFXI Gil
GW Gold
GW Gold
GW Power Leveling
GW Power Leveling
RS Gold
RS Gold
RS Power Leveling
RS Power Leveling
Lotro Gold
Lotro Gold
Lotro Power leveling
Lotro Power leveling
翻译公å¸
翻译公å¸
上海翻译公å¸
上海翻译公å¸
北京翻译公å¸
北京翻译公å¸
监控
货架
货架
货架
涂层测厚仪
涂层测厚仪
翻译公å¸
仓库
仓库
仓库出租
仓库出租
物æµå›åŒº
物æµå›åŒº
超声波探伤仪
超声波探伤仪
google排å
é—¨ç¦
é—¨ç¦
é—¨ç¦ç³»ç»Ÿ
é—¨ç¦ç³»ç»Ÿ
æ¬å®¶
æ¬å®¶å…¬å¸
北京æ¬å®¶å…¬å¸
光盘制作
光盘å°åˆ·
光盘å°åˆ·
æ¬å®¶å…¬å¸
æ¿€å…‰æ‰“æ ‡æœº
æ¬å®¶å…¬å¸
北京æ¬å®¶å…¬å¸
hongkong hotel
hongkong hotel
beijing tour
beijing tour
集团电è¯
集团电è¯
wow power leveling
wow power leveling
wow powerleveling
wow powerleveling
wow power level
wow power level
china tour
china tour
é’春痘
é’春痘
摆闸
痤疮
痤疮
色斑
色斑
黄è¤æ–‘
黄è¤æ–‘
é’春痘
é’春痘
三星集团电è¯æœº
呼å«ä¸å¿ƒ
电è¯äº¤æ¢æœº
交æ¢æœº
呼å«ä¸å¿ƒ
测厚仪
测温仪
åœè½¦åœº
é“é—¸
wanyamin 07年7月25日
wow gold
wow gold
powerleveling
powerleveling
wow power leveling
wow power leveling
wow powerleveling
wow powerleveling
world of warcraft powerleveling
world of warcraft powerleveling
world of warcraft power leveling
world of warcraft power leveling
cheap wow powerleveling
cheap wow powerleveling
cheap wow power leveling
cheap wow power leveling
beijing tour
beijing tour
beijing
beijing
china tour
china tour
great wall
beijing travel
beijing travel
网站设计
网站设计
多媒体
光盘制作
超声波探伤仪
超声波探伤仪
æ¬å®¶å…¬å¸
æ¬å®¶å…¬å¸
北京æ¬å®¶å…¬å¸
google排å
wow gold
翻译公å¸
翻译公å¸
上海翻译公å¸
上海翻译公å¸
北京翻译公å¸
北京翻译公å¸
货架
货架
货架
仓库
仓库
仓库出租
仓库出租
物æµå›åŒº
物æµå›åŒº
痤疮
痤疮
色斑
色斑
黄è¤æ–‘
黄è¤æ–‘
é’春痘
é’春痘
电è¯äº¤æ¢æœº
交æ¢æœº
呼å«ä¸å¿ƒ
cheap Silkroad gold
cheap Silkroad gold
Silkroad gold
Silkroad gold
Silkroad Online gold
Silkroad Online gold
sro gold
sro gold
Archlord gold
Archlord gold
cheap Archlord gold
cheap Archlord gold
Archlord Online gold
Archlord Online gold
buy cheap Archlord gold
buy cheap Archlord gold
Dofus kamas
Dofus kamas
cheap Dofus kamas
cheap Dofus kamas
Dofus gold
Dofus gold
Dofus money
Dofus money
Rappelz Rupees
Rappelz Rupees
Rappelz gold
Rappelz gold
cheap Rappelz Rupees
cheap Rappelz Rupees
houyuping 07年8月16日
wow gold
wow gold
wow power leveling
wow power leveling
wow powerleveling
wow powerleveling
world of warcraft powerleveling
world of warcraft powerleveling
world of warcraft power leveling
world of warcraft power leveling
powerleveling
powerleveling
wow powerleveling
wow powerleveling
wow power leveling
wow power leveling
power leveling
power leveling
wow power level
wow power level
china tour
china tour
翻译公å¸
翻译公å¸
上海翻译公å¸
上海翻译公å¸
北京翻译公å¸
北京翻译公å¸
监控
货架
鼓风机
风机
风机
涂层测厚仪
涂层测厚仪
红外测温仪
红外测温仪
超声波测厚仪
超声波测厚仪
超声波探伤仪
超声波探伤仪
频闪仪
频闪仪
涂层测厚仪
涂层测厚仪
电ç«èŠ±æ£€æµ‹ä»ª
电ç«èŠ±æ£€æµ‹ä»ª
google排å
é—¨ç¦
é—¨ç¦
é—¨ç¦ç³»ç»Ÿ
é—¨ç¦ç³»ç»Ÿ
æ¬å®¶
æ¬å®¶å…¬å¸
北京æ¬å®¶å…¬å¸
光盘制作
光盘å°åˆ·
光盘å°åˆ·
æ¬å®¶å…¬å¸
æ¿€å…‰æ‰“æ ‡æœº
æ¬å®¶å…¬å¸
北京æ¬å®¶å…¬å¸
hongkong hotel
hongkong hotel
beijing tour
beijing tour
集团电è¯
集团电è¯
china tour
china tour
é’春痘
é’春痘
Comments on this entry are closed.