However, the markets might react, this is Dubai we are talking about. An emirate that has redefined the terms "vision" and "ambition" for the world, which has given it the tallest tower, the largest mall, the tallest hotel, the largest man-made harbour and, in-the-making, the world's largest airport, among a host of other marvels. It has a track-record second to none. Dubai is one of the foremost centres of world gold trade and has indeed been gaining in importance as the preferred global destination for tourism, entrep t, real estate and construction activity, especially over the past three decades.
The Dubai dream lives on. If anything, this latest episode is a sign of Dubai's economic maturity, a clear conscience and commercial intent.
Monday 30 November 2009
Emirates Business 24/7 Weighs In
Emirates Business 24/7 weighs in.
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3 comments:
Head...sand...arrogance...hubris...hype...substance?...utterly missing the point...etc etc
(It pays to read one's post before one hits the "publish" button. Here's a corrected version)
Thanks your comment.
It sure looks like that.
It also looks disturbing familiar to the reaction of many company managements when they get into difficulty. Blame the investor for not understanding their unique business model or underlying strength.
And as well I think a proof of the challenges to working in an environment like the one you described in your blog "Dubai's Fundamental Problem".
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