Global credit crunch? What global credit crunch? Total spending last year by UAE national and expatriate families in Dubai reached $10.3 billion in 2008!
According to the report, Asian families had the highest annual consumer spending …

So says the CBS, a prestigious American news channel, which carries a video report stating that:
“Banks aren’t lending. Projects are shelved. And the normally secretive government has had to acknowledge it has one of the …

Dubai have decided that there is one answer to the impending gloom and that’s to spend it’s way out of it. Who’d have thunk it?
Nasser al-Shaikh, director general of the department of finance, said the …