By Nicolas Parasie
The Wall Street Journal - Apr 8, 2014
Dubai Inc.’s top brass traveled to London this week, claiming
vindication in the way it handled the financial crisis and confident its
current growth story will avoid the pitfalls of past years.
Government officials and representatives from Dubai’s leading
businesses sought to allay the concerns of an audience consisting of a
few international investors and (event sponsor) Deutsche BankDBK.XE -0.39% executives that the emirate’s recent rebound bore the characteristics of its previous boom.
The Dubai delegation made its case at a time when the emirate appears
to be in good shape again: gross domestic product is expected to expand
at about 5% this year, its main stockmarket is one of the world’s best
performing, while trade and tourism -the emirate’s main economic
pillars- are flourishing.
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