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 [...]
A brief history of Dubai’s economy from the Gulf War to The Islands
The 1990 Gulf War had a huge impact on the city.
Initially, the banks of Dubai suffered a massive withdrawal of funds due to political uncertainty in the region, but as the 90s progressed many businesses, first from Kuwait, during the Gulf War, and later from Bahrain, during the Shia unrest, relocated to Dubai.
Dubai also provided [...]
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