Tag Dubai economy

Beyond Dubai: A Look At The Middle East

May be with inflow of cash borrowed or re pumped,the country is solid on showmanship and not on self developed infra structure.It is propelled by western/Indian expertise and immigrant labor,which is not a sound base for development base.Excepting oil based industries, which again is run by foreigners, there seems to be little indigenous industry developed by local,excepting in terms of investment and the country's economy is run on imported labor and /products primarily and export of oil.This bubble might burst at any time.