Tuesday 31 March 2009

Dubai will always be hub of commerce

The various cultural and econ-omic events that took place in Dubai in February and March have proved beyond doubt that the emirate will always be an international centre for such activities. Dubai, just like any other open city, interacts with the rest of the world in all aspects. And those who think they are sheltered from the repercussions of global events are wrong.

All countries, without exception, have been hit by the global financial crisis. But the crisis has affected developed parts of the world more than the less developed, and those who were slow and did not move forward.

The UAE - and Dubai, the trading hub, in particular - is naturally facing more challenges than other countries in this region. Actually, it would be surprising if Dubai had not been affected, just like any other active and expanding city.

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