Gulf Arabs: crisis may stoke world recession (at Reuters)

By Haitham Haddadin UNITED NATIONS, Sept 27 (Reuters) - Gulf Arab states, which lost billions of dollars in investments in troubled Western banks, said on Saturday that a coordinated global effort was urgently needed to prevent the world economy from plunging into recession. Gulf Arab officials told the U.N. General Assembly that the effort should include regulations and measures to remedy flaws, restabilize the... [read full story]                    

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