Which sectors will be targeted for development as part of Dubai’s economic diversification plans?
Which sectors will be targeted for development as part of Dubai’s economic diversification plans?
The sukuk (Islamic bond) market in Dubai saw some spectacular surges in 2012, with yields diving on high demand. This has echoed global trends that have thrust sukuks more into the international investment spotlight in recent times, with the global market hitting $20.5bn of issuance in the first half of 2012, up 36.7% on June 2011, according...
How can Dubai further enhance its position as a hub for passenger traffic and cargo transhipment?
To what extent has Dubai adopted a more conservative and fiscally responsible approach in terms of funding its expansion since the global crisis?
Total government revenues for Dubai have quadrupled from Dh10bn ($2.7bn) in 2003 to an estimated Dh42bn ($11.4bn) in 2011, according to the IMF. The 2011 figures include an estimated Dh10bn ($2.7bn) in cash transfers from Abu Dhabi. Expenditures have been traditionally balanced to control the budget deficit, but the financial crisis in 2008 prompted...
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