GDP, import, export and oil bullets
Here are seven statistical factoids relating to import, export, oil and GDP : Dubai’s gross domestic product as of 2005 was 37 billion US dollars. Although Dubai’s economy was built on oil revenues, oil and natural gas now account for less than six percent of this figure. It is predicted that Dubai’s oil reserves will [...]
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 [...]
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