Financial Times FT.com

Loss of liquidity shatters Gulf faith

By Simeon Kerr in Dubai

Published: September 26 2008 03:00 | Last updated: September 26 2008 03:00

It is blazing hot outside, but few are breaking a sweat in the calm, marbled walkways of Dubai International Financial Centre, the financial heart of the oil-rich Gulf, in spite of Wall Street's meltdown.

Bankers and lawyers sit in cafés and restaurants, retreating behind curtains that protect fasting Muslims from the temptation of coffee or noodles.

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