Dubai’s budget deficit may be lower than expected
Good news for Blackberry carrying types – share prices on the DFM rose 0.5% after reports emerged indicating that Dubai’s economy is performing better than expected. It seems that this year’s budget deficit could be lower than 2% of GDP, making the emirate a more desirable investment than it has been in recent months. The [...]
Basra, Iraq to be the new Dubai?
Just when things couldn’t get any worse for Dubai, there is now a “New Dubai” on the horizon, according to the commander of British troops in southern Iraq. British Major General Andy Salmon has declared that it is “mission accomplished” for British troops in Iraq, as the insurgency has been defeated, with the new Iraqi [...]
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