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Dubai plc

Dubai plc latest

The Dubai economy will grow at around five per cent this year. Still that is a far cry from the 13 per cent growth from 2003-8 that took the economy from boom to bust.
December 3rd, 2013 - 03:55 GMT

Time to burst that Expo 2020 bubble, can Dubai survive with $103 billion in debt?

The debts remain from the borrowing binge by government controlled and owned companies in the 2003-8 boom, with around $13 billion added in the past year, according to Barclays Bank. Still the question remains: how does Dubai intend to pay for the $43 billion in infrastructure spending expected over the next seven years?
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