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Dubai has oil. And slaves.
by ttfkam 5y ago
Dubai has oil. And slaves.
- fakedang 5y agoDubai doesn't have oil. It's a tax haven that specifically focused on tourism, trade and finance (and now tech) because of a lack of oil. Compare that to Abu Dhabi which has massive oil reserves, is largely bureaucratic and is still long oil. On a tangential note, Dubai is heavily burdened with debt post 2008, largely to Abu Dhabi, so that's one data point going counter to the premise of the article.