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That's why I'm asking. Are they planning ahead or just playing financial chicken?
by norea-armozel 11y ago
That's why I'm asking. Are they planning ahead or just playing financial chicken?
- simonh 11y agoThey've all been sinking money into sovereign wealth funds, and Dubai has been spending big on expanding it's airlines, promoting its airport as a global hub and developing a tourist industry. They're attempting to diversify their economies but whether or not any of that turns out to be sustainable without massive subsidies from oil profits is dubious.