As Americans remain in doubt about the future of their jobs, the security of their savings, and the value of their 401(k)s, Gulf Arabs are having a problem in finding ways to spend their money. Aside from the construction boom that is going on in Arabia, many of these oil-rich states have been snapping up properties and shares in U.S. corporations at bargain prices. Just recently, the tiny state of Abu Dhabi bought 75% of a New York City landmark, the Chrysler Building. The cash-flush emirate also bought shares in General Electric, Citigroup and will be pouring a billion dollars into Hollywood.

As Americans remain in doubt about the future of their jobs, the security of their savings, and the value of their 401(k)s, Gulf Arabs are having a problem in finding ways to spend their money. Aside from the construction boom that is going on in Arabia, many of these oil-rich states have been snapping up properties and shares in U.S. corporations at bargain prices. Just recently, the tiny state of Abu Dhabi bought 75% of a New York City landmark, the Chrysler Building. The cash-flush emirate also bought shares in General Electric, Citigroup and will be pouring a billion dollars into Hollywood.