Gulf economies building new arsenal: DIFC's Saidi

The economies of the Gulf have been hit hard by the global financial crisis, but Nasser Saidi, chief economist of the Dubai International Financial Centre, has seen a number of positives emerging from the ashes.

Speaking to Malan Rietveld, the assistant editor of Central Banking, a journal, Saidi, who is widely regarded as one of the most influential economists in the region, admitted that governments and central banks in the Gulf were caught off guard by the ferocity of the crisis.

Saidi said