Since 9/11: Oil-rich Arab nations booming

In the United States, the Sept. 11, 2001, attacks are seen as the catalyst for a period of fear, war and economic worry.

But in the oil-rich Arab countries of the Persian Gulf, Sept. 11 is increasingly viewed as the event that kicked off a galloping economic boom, when Arabs divested from America and reinvested at home.

Arab investors pulled tens of billions of dollars out of the United States. They were angered by perceived American hostility toward Arabs. They worried their assets would be frozen by U.S. counter-terror measures. And U.S. markets happened to be plummeting while economies in the Gulf were on the upswing, buoyed by rising oil prices.

The results have been spectacular.

The State