Dubai's dire financial forecasts fail to materialise - Telegraph

Dubai was also helped by the Arab Spring, which sent businessmen scurrying away from other "frontier markets". Photo: Shiva Menon/Solent News & Photo Agency

Friday is all-you-can-eat buffet day in the Gulf, and on the terrace of the creek-side Park Hyatt, overlooking the Yacht Club, the tables are overflowing with red-faced Britons and Australians, quaffing champagne and slurping down oysters.
In the evening, a procession of tipsy girls in high heels totters out of the beach-side Barasti bar at the other end of town, falling into taxis lined up to take them to the next party. Along the coast, containers are piled up the quays of Jebel Ali port, the largest in the Middle East, disgorging the wherewithal to keep the fun going. Figures next week are expected to show the port's through-put beating its own record in 2012, as its success as a regional hub, on top of insatiable demand in the home of conspicuous consumption, proves a winning combination once again.
Dubai's dire financial forecasts fail to materialise - Telegraph