Dubai Booming in Region of Turmoil

There is a sense of déjà vu in Dubai. Two-and-a-half years after a major debt crisis, the city appears to be booming once again, as investors and tourists see it as a safe haven in a region fraught with instability.

Known for its man-made palm islands and having the world’s tallest building, Dubai was possibly one of the most visibly affected cities of the 2008-09 global recession. Not only did it witness an exodus of expatriate workers, but a number of major construction projects …

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