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London Evening Standard: Hope ‘burgeoning’ in a revived Dubai

 

Wednesday lunch, the sun glittered off the 2800-foot-high Burj Khalifa as fountains swayed beneath to the tune of an Arab rock song… “They are floating a trial ballon to see how the market responds,” said Jim Krane of the Judge Business School in Cambridge. The author of City of Gold, Dubai and the Dream of Capitalism, told Bloomberg: “Dubai has excelled at soaking up the excess liquidity in an oil-rich region…”

Read the full article [standard.co.uk]