You are viewing:-
you're reading...
1.Market Observations

21 Nov 2012 (AFR, F.Times) – Dubai rises from the quicksand

(21 Nov 2012, AFR, p20, Roula Khalaf, and Financial Times)

Dubai hopes revival is built on solid foundations

‘You feel it in the thickness of the traffic and in the bustle of the hotels and restaurants. You hear it in the rumours of the old guard re-emerging to lead the city’s growth again.’

‘And, to the joy of some and the concern of others, you see it in a slew of announcements of new development projects. Not long ago down and out, Dubai is back, its confidence restored and its ambitions regained.’

‘Last week, officials predicted that the emirate’s gross domestic product will average between 4.5 and 5 per cent through 2015. Writing in the National, the Abu Dhabi newspaper, Sami al-Qamzi, head of Dubai’s Department of Economic Development, sounded a bullish note, declaring that the emirate was emerging stronger and more mature from the global downturn.’

Read more at FT.com

Advertisements

About robertbrain

Brainy's Share Market Toolbox. Read the honest truth about the sharemarket. Develop or fine tune your investing/trading strategies using share price charts (technical analysis), or learn about the investment strategies of others. Melbourne (Australia) based - supporting share market investors and traders to build wealth through smarter investing using my Share Market Toolbox arsenal of weapons to tackle the market.

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Advertisements
%d bloggers like this: