Sudip Bandyopadhyay’s Blog

Dubai must feel a little like Mark Twain, these days.  Upon reading his own obituary in the newspaper, Twain wrote: “The report of my death was an exaggeration.” Dubai has had its share of obituaries as it suffers from a property bust and contagion from the global credit crisis.  Headlines from Cairo to London to [...]

Dubai must feel a little like Mark Twain, these days.  Upon reading his own obituary in the newspaper, Twain wrote: “The report of my death was an exaggeration.” Dubai has had its share of obituaries as it suffers from a property bust and contagion from the global credit crisis.  Headlines from Cairo to London to [...]

It is hardly surprising that even the brashest of boom towns is vulnerable in a financial crisis now tipping into a recession. But it did come as a bit of a surprise to Dubai.  It is, admittedly, a paradox that liquidity should be an issue in a region awash in surplus cash. But modern Dubai, [...]