Monday 9 May 2011

gulfnews : Dubai's economy remains strong: Al Ghurair

Business registration in Dubai has increased since the beginning of the year, although it is unclear if the recent uncertainities in the Middle East have anything to do with it.

There are, however, talks of capital inflow from toubled Arab economies such as Egypt, Tunisia, Libya, Syria and Yemen that could boost the UAE economy, especially Dubai due to its competitive advantage.

"We don't have clear indicators with regards to this specific issue, but we can say that our membership has increased since the start of the year. Whether this is a direct influence of the political upheavals in other Middle Eastern countries is unknown," Abdul Rahman Saif Al Ghurair, Chairman of the Dubai Chamber of Commerce and Industry, said in an interview with Gulf News.

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