If real estate bubbles divide into two simplistic categories – sellers’ deception and buyers unwilling to heed available information – then Dubai’s problems of four years ago were of the latter kind. In the US and elsewhere, mortgage salespeople propagated the idea that property ownership, often at unsustainable mortgage rates, was the key to future...
After Thailand withdrew its bid to stage the World Expo 2020, Dubai became the favourite to win, as São Paolo was thought to be too far away from much of the world’s population, and Yekaterinburg was slipping because Russia was suffering from (mainly Western) bad press, a phenomenon that equally applied to Izmir, Turkey. Weeks before the...
With each passing year, Dubai continues to further solidify its positioning as a regional and global hub for business and finance. As the emirate posted robust economic expansion across all sectors in 2013, its resilience in the years following the global economic downturn has helped to re-build confidence amongst the global business community....
The government in Dubai has launched a new online public services initiative designed to make access easier and faster. Known as Dubai Smart Government (DSG), the scheme replaces the existing e-government system and is set to open digital doors to a broad range of business opportunities. The goal is to make all government services that can be...
Like a latter-day Phoenix, Dubai’s economy has risen from the ashes and is soaring high and fast. So strong is the take-off that the crucial revenue-earning tourism sector has achieved a rare trio of simultaneous plusses – rising hotel rates, an increasing number of visitors and a growing quantity of hotel rooms.
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...
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×