A business-friendly environment and prime location have helped Dubai maintain a long-standing reputation a centre for trade. Building on a historical model that gave tax breaks to pearl traders, the emirate has attracted foreign investment by developing free zones that appeal to investors and businesses alike. Dubai’s free zones generally offer a...
Which sectors will be targeted for development as part of Dubai’s economic diversification plans?
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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