business and economy
Abu Dhabi leaves Dubai dangling over debts
It was inevitable really, considering the violence of Sheikh Mohammed’s protestations earlier in the month.
It seems that the other emirates, and Abu Dhabi in particular, may have grown tired of indulging Dubai’s reckless expansion after all. Despite Sheikh Mohammed’s vehement denial that Dubai would be left to sort out its own mess, additional help has [...]
Sheikh Mohammed tells Dubai and Abu Dhabi doubters to shut up
In an unusually frank and forthright outburst, Sheikh Mohammed bin Rashid al-Maktoum, the ruler of Dubai and Prime Minister of the UAE, dismissed concerns of a rift between Abu Dhabi and Dubai and insisted that Dubai was well placed to recover from the global credit crunch.
Dubai has been hit hard by the global recession which [...]
World’s biggest candy store opens at Dubai Mall
Recession or not, it seems to be back to business as usual in Dubai as The Dubai Mall welcomes its 1000th retail outlet – Candylicious.
Candylicious, at 10,000 square feet, is, typically for Dubai, the largest sweet shop in the world.
The store features attractions such as candy embedded pillars, a lollipop tree, the Candylicious Airplane and [...]
Dubai stable now but gains will be harder in future
One year ago Dubai was rated number one in a survey of financial centres most likely to gain in importance in the future. It was ranked number 22 in the present.
It was also the top priority future destination for companies considering setting up new regional offices in the City of London and the Z Yen [...]
The rise, fall and salvation of Dubai
The First Post has a great background piece on the rise and, much exaggerated, fall of Dubai.
It features a potted history of how Dubai became so wealthy and why the emirate chose to take the direction it did – because its oil resources were predicted to be exhausted by the 2020s for those who don’t [...]