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 [...]
Roller coaster week for Dubai shares – better times ahead?
Well, all in all a very interesting week on the Dubai stock markets. Monday’s suggestion by Omar bin Sulaiman, a government official serving on the Dubai crisis committee, that the state might provide further help to the struggling construction and property sectors gave the markets a lift. Following months of predictably steady decline, this news [...]
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