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 [...]
Inflation
Inflation is a serious concern with any growing economy. In Dubai years of strong economic growth have been accompanied by rising inflation rates – inflation rose by over eleven percent in both 2007 and 2008. This is partially due to a near doubling of commercial and residential rental costs, substantially increasing the cost of living [...]
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 [...]