Dubai aiming to spend its way out of recession
True to form, Dubai is planning to spend its way out of the continuing economic crisis caused by the global recession, according to the FT. Dubai’s service based economy has been hit particularly hard by the prevailing economic situation and ratings agencies are concerned that Dubai may face problems refinancing its debts in the current [...]
Kylie’s US $4m Dubai date
Kylie Minogue will receive a reported four million US Dollars for playing two late November concerts in Dubai, reports The Guardian. She joins the likes of Aerosmith and Destiny’s Child who have also been been ‘shown the money’ in exchange for performing in the emirate. The first performance, on November 20th, is a private concert [...]
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