Why it’s looking good for the Gulf economy | GulfNews.com:
"Still rumbling today like a simmering volcano, the global financial crisis no doubt left a lasting legacy around the world, and the Gulf was not unscathed. With cyclical recovery of some sort well in play, what the region experienced needs duly to be recognised.
Thus, it was especially notable and heartening last week that Dubai, most prominently affected by this earthquake in economic history, went public with an acknowledgement of the faultlines that existed in previous thinking, and the lessons that are there to be learned.
Ironically relatively bereft of the oil resources that so richly sustain the rest of the region, the emirate has acknowledged that its strategic plan has to beware the toxic effects of pure momentum, and ensure the solidity of its productive foundations."
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