Dubai: Where Sea Meets Desert by Rose Kuerten

Dubai: Where Sea Meets Desert

byRose Kuerten

Kobo ebook | July 10, 2014

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Dubai, the Arab world's glittering, golden embodiment of capitalism, is broke. On Nov. 25, the emirate announced it would postpone payments on some of its $80 billion in debt, sending markets into a tailspin.


Along with those of other Arab emirates, its fortunes changed abruptly in 1966 with the discovery of oil. But compared with its neighbors, Dubai had limited reserves, prompting its rulers to turn to other industries to fuel their bold economic aspirations. Starting in the 1980s, at the prompting of Sheik Mohammed bin Rashid al-Maktoum, then the crown prince, Dubai fashioned itself into a free-trade oasis. It opened a tax-free infotech hub, Dubai Internet City, in 2000, to attract technology companies; media, finance and maritime projects soon followed.

Title:Dubai: Where Sea Meets DesertFormat:Kobo ebookPublished:July 10, 2014Publisher:Rose KuertenLanguage:English

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