Solely aggregation of news articles, with no opinions expressed by this service since 2009 launch on this platform. Copyright to all articles remains with the original publisher and HEADLINES ARE CLICKABLE to access the whole article at source. (Subscription by email is recommended,with real-time updates on LinkedIn and Twitter.)
Monday, 28 June 2010
Comment: Long-term test of unity for UAE
Seven months after Dubai shocked the world with a sudden restructuring of one of its flagship companies, the sense of relief is palpable in the city as well as in Abu Dhabi, the better-off neighbour that came to the rescue.
Although the crisis provoked serious tensions between the United Arab Emirates’ two leading centres, Dubai was thankful to be part of an oil-rich federation. Sheikh Mohammad bin Rashed al-Maktoum, the ruler, renamed the just-completed Burj Khalifa, the world’s tallest tower, after the UAE president.
Yet, in spite of the relief – Dubai World looks set to reach a consensual agreement with its creditors – a new kind of anxiety seems to have developed among at least some nationals in the emirate.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment