Has Dubai really served its time in the financial desert? - Telegraph:
"Dubai’s finance and investment chief, Mohammed Al Shaibani, is a man in a hurry.
Three months ago, the second largest of the United Arab Emirates (UAE) beat Yekaterinburg in Russia, Izmir in Turkey and Sao Paulo in Brazil to host the World Expo in 2020. Putting on the event, which traces its origins back to the Great Exhibition held in London in 1851, will cost Dubai about $7bn (£4.2bn), including the construction of an entirely new district in the desert that separates the city from its neighbouring emirate of Abu Dhabi.
After the announcement that Dubai had won the exhibition, its Crown Prince, Sheikh Hamdan bin Mohammed Al Maktoum – affectionately known in the emirates by his nickname “Fazza” – celebrated by planting a flag on the pinnacle of the 2,717ft Burj Khalifa skyscraper. On its top floor is a mosque where the call to prayer is heard minutes ahead of the normal time in Dubai, because from the top the sun appears to rise over the horizon earlier."
'via Blog this'
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