Mega oil giant, Exxon Mobil Corp., posted the largest US quarterly profit ever for a US corporation; it even broke its own previous record, reaching $14.83 billion in the third quarter. However, even though Exxon Mobil owns the record for … Continue reading
The recent sharp drop in the markets and the Gulf States’ loss of international confidence are unexpected byproducts of the global financial storm. The region, formerly expected to not only bear the brunt of the economic storm, but to prosper, … Continue reading
Dubai Internationanl Financial Center head Omar bin Sulaiman tells the Financial Times that Dubai’s domestic and regional liquidity will make up for the fall in international investments caused by the recent financial crisis.
A recent Time article says that while Dubai’s boom is threatened by the current world economic crisis, government control of “Dubai, Inc.” might stave off a bubble burst.
The New York Times reports on how the financial crisis is affecting the once seemingly unstoppable growth of Dubai.
As an Islamic city that can draw scores of wealthy Westerners, Dubai might just be a new world city model. But, The Economist wonders, can it keep both sides happy?