A Traveller's Tale: Dubai's Financial Mirage

Nick Hood was shocked by Dubai's complacency. Now its chickens are coming home to roost, he says.

News of Dubai’s descent from the heights of financial stardom to the ignominy of potential sovereign default provoked a vivid sense of déjà vu, and a losing battle against the urge to shout 'I told you so' from the top of the Burj Dubai Tower. Almost exactly a year ago, this inveterate traveller had left the UAE’s new miracle financial centre deeply frustrated after a week of meetings with local professionals, whose heads were buried so deep in the sands of denial that any meaningful conversation was impossible. The sense of unease and unreality started on day one of the trip, with the startling realization that... [CLICK HERE TO READ MORE AND COMMENT]   

In today's bulletin:

Government's RBS bonus balls-up
Google looms large over property websites
Kingfisher profits fly - thanks to a bit of DIY
Don't expect a bigger pay cheque next year
A Traveller's Tale: Dubai's Financial Mirage

Sign in to continue

Sign in

Trouble signing in?

Reset password: Click here

Email: mtsupport@haymarket.com

Call: 020 8267 8121



  • Up to 4 free articles a month
  • Free email bulletins

Register Now

Get 30 days free access

Sign up for a 30 day free trial and get:

  • Full access to managementtoday.co.uk
  • Exclusive event discounts
  • Management Today's print magazine

Join today