UAE: Dubai Economy

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The recognition of small and medium-sized enterprises (SMEs) as generators of jobs has become a proven fine art in Dubai, with the establishment of a dedicated agency inside the Department of Economic Development (DED). Between 1000 and 1200 would-be entrepreneurs approach the agency annually seeking advice, help and sometimes practical assistance...

Chapter | The Guide from The Report: Dubai 2014

The guide contains listings of some of the leading hotels and resorts in Dubai, as well as contact information for important government offices and services. It also contains useful tips for first-time, business and leisure visitors.

Chapter | Country Profile from The Report: Dubai 2014

Dubai’s resilience in the years following the global economic downturn has helped to re-build confidence amongst the global business community. As of mid-2013 the emirate had a population of 2.16m, nearly 45% of whom were 29 years old or younger, and efforts continue to ensure that the young population is adequately trained and educated to take part in the jobs becoming available. Dubai has set...

Chapter | Economy from The Report: Dubai 2014

As the emirate celebrates its victory in the bid to host World Expo 2020, infrastructure and transport development is expected to attract significant investment over the next few years. GDP growth reached 4.9% in the first half of 2013, the strongest result for the January-June period since 2008. Trade, the strongest of the emirate’s economic foundations, continues to grow, with non-oil...

Many of the concerns that had been weighing on Dubai’s economy in the aftermath of the 2008 global financial crisis look to have been laid to rest this past year, with the emirate consolidating its place as a regional centre for tourism, transport, trade and retail, while posting robust growth.

How would you evaluate central bank policies in regards to personal loans and their potential impact on the wider economy, and what else can be done to protect the financial system from defaults?

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