“We must not rely on oil alone as the main source of our national income. We have to diversify the sources of our revenue and construct economic projects that will ensure a free, stable and dignified life for the people.” Sheikh Zayed
DAVID WESTLEY: Dubai and Abu Dhabi may become less Arab in the way London is less English than it once was, but both would be much more UAE.
Dubai is seriously upping its game with its bid to host the World Expo 2020.
There is no doubt that Dubai has been one of the most surprising cities in the world over the past 30 years, rising up from the sand in a state of constant re-invention.
DAVID WESTLEY: Dubai has been one of the most surprising cities in the world, rising up from the sand in a state of constant re-invention.
Dubai World Expo 2020's latest video in its bid to hold the World Exhibition in 2020.
MidEastPosts.com is a firm supporter of bringing the Dubai World Expo 2020 to the region. We believe turning the world’s spotlight towards the Middle East is a way to challenge the many stereotypes that exist of its peoples, culture and ambitions.
ANALYSIS: Qatar has a ‘poor’ Gini index. The Gini index measures how well income is actually divided within a society, the lower the score the better.
NEWS ANALYSIS: “This has become a very dividing case in the U.A.E.,” said Abdulkhaleq Abdullah… He’s not wrong: On Twitter some Emiratis called for the death sentence to be applied to the five.
NEWS ANALYSIS: The UAE is in the early stages of implementing a new bankruptcy law that will allow companies the time they need to restructure their business…
NEWS ANALYSIS: So how does the Middle East do? Not great, but Saudi’s King Abdullah bin Abdul Aziz al Saud is in the top 10, at number 7.
NEWS ANALYSIS: We can’t comment on the quality of the restructuring, but from our perspective, that they are restructuring suggests intelligence out there…
NEWS ANALYSIS: Is it going to be mandatory? If so, do you have control where your funds are invested? What happens if you are only in the UAE for a 12 or 24 month period…?
AUDIO ANALYSIS: The delayed opening of Abu Dhabi’s Louvre and Guggenheim Museum, Moody’s downgrading of Egypt, and Dubai’s transparency.
NEWS ANALYSIS: Real change in Egypt needs to happen. It is not clear who, if anyone, can take on the vested interests to deliver it.
NEWS ANALYSIS: The emirate is a lot further ahead than many of its regional peers, but the hangover after the irrational exuberance of the noughties will take a long time to clean up.
NEWS ANALYSIS: Google is the dominant search company, Yahoo! is the number one display advertising company – combined it’s a solid gold ATM.
NEWS ANALYSIS: CB Richard Ellis delivers another report telling us what we already know – there is simply too much property in Dubai, and investors aren’t having any of it.
NEWS ANALYSIS: The World Bank report ignores uniqueness. Could you honestly say that Saudi Arabia is a more hospitable place than the UAE?
NEWS ANALYSIS: It is interesting to note the report comes after a meeting in Abu Dhabi, which has been one of the most aggressive government entities removing expatriates
DAVID WESTLEY, BUSINESS BREAKFAST: Thursday’s announcement of a ‘loss’ of $2 bn (Dh7.35 billion) in “unauthorised trading” at UBS’ Delta One desk was spectacularly timed…
DAVID WESTLEY: This year, the return to ‘normality’ will be significantly harder to achieve for those countries that have gone through their Arab spring; the pathway to success is still far from clear.