In an effort to restore its credibility in global capital markets, the government of Dubai recently issued a 58-page report detailing its austerity plans as it works its way towards responsible, long-term planning. The report is being touted by the media as “unusually transparent” compared to most reports coming out of the Middle East that [...]
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The newest buzz phrase on Wall Street is “Green Shoots”. Green shoots here and green shoots there and all one has to do is wait a day and watch them turn brown never to see the light of day again. So, why has there been so many false signs of economic recovery? The short answer [...]
For over 1 ½ years I’ve been warning about the imminent collapse of Dubai’s real estate market and inevitably the bursting of the bubble of its Dubai World Sovereign Wealth Fund; the richest of its kind in the world. Close to ½ Trillion USD worth of real estate projects have [...] |
Said E. Dawlabani |
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