Budget shows oil is not the lifeblood of Dubai’s growth | The National:
"The Dubai government budget for 2015 was a long time in the preparation and crept into the new year by a couple of days.
Some financial watchers speculated that the delay was down to the fact there was a rethink going on at the Department of Finance and the Supreme Fiscal Committee because of the changing economic landscape brought about by the rapid decline in the oil price.
But when the budget appeared, that suspicion was laid to rest. The figures confirmed definitively what we’ve known for a long time: oil revenues are not vital to the government finances of Dubai, as they are to may other governments across the Arabian Gulf."
'via Blog this'
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