BusinessWeek - Cover Stories

Mideast Oil Bonanza

Where all those oil billions are going

BusinessWeek - Cover Stories imageWith the price per barrel of oil stuck in the $55-to-$65 range, Persian Gulf states have hundreds of billions of dollars to invest. The Dubai Ports deal is just the beginning. BusinessWeek's executive editor, John Byrne, and London bureau chief, Stanley Reed, go beyond the headline news to consider how Mideast money is transforming the shores of the Persian Gulf while getting more adventurous abroad

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