GCC has a historic opportunity to lend a hand | GulfNews.com:
"Have the repercussions of the economic crisis reached the Brics nations and Turkey? Their currencies have certainly started regressing in a manner that seems like a breakdown. Or are there other factors unrelated to the crisis?
These questions also have a bearing on other countries, especially the Gulf, as both India and China occupy top ranks among the GCC’s trading partners. They are the biggest importers of oil, petrochemicals and aluminium from the Gulf.
This means that any major economic changes in these countries will leave an imprint on this region as well. This calls for a certain amount of readiness to avoid repercussions if the economic situation in the Brics countries deteriorates further."
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