Yep, it's a global problem and demonizing one country or another not only is not fair but shows a tainted bias no matter how fashionable it is at the moment. I really don't think depegging from the dollar is going to change much...look at Kuwait...it didn't help at all. It is just a matter of the overheated economy in oil and gas producing countries coupled with excessive greed. Speaking of greed, it appears that the UAE is coming down hard on those that have been taking advantage of the market...I don't know how many of these "executives" have landed in jail so far but it is more than a handful.