Dubai benefits from the instabilities of the Arab spring.

Since the advent of the Arab spring, business is returning to Dubai, with the odd exception. The likelihood of any kind of uprising is extremely remote in the UAE. Companies that had gotten cold feet with the economic crash a few years back are slowly returning to a place of political stability.

As well with the Arab spring and the erratic uprisings in various countries, Dubai is  now a  perfect vacation spot. Some companies in the hospitality business are opening new chains this year and hiring.

But it hasn't given back to Dubai it's real estate boom. There's still an overabundance of empty buildings in Dubai.  However air traffic has increased 8% this year.  According to an article in Gulf news, UAE's economic activity is picking up. Even the construction industry that had come to a grinding halt back in 2008, is now showing signs of picking up again. Some companies are still slumping but there's hope. This article  suggests the UAE got an upgrade or at least it's status did in terms of world rankings.

Interesting tidbit of information, the president of the UAE, Sheikh Khalifa bin Zayed al-Nahayan decided that rice would be subsidized during Ramadan. This is good news for the UAE's poorest inhabitants, those without papers who cannot go home

I would seem the government of Dubai has taken over Nakheel.  What this means I have no idea in the long run.  There is an article in Bloomberg that says sales are up 10% this year in Dubai and basically how much it's benefiting from the Arab Spring.  Also it seems that properties near the Dubai Metro are now in high demand.  This shows that the economy is slowly picking up.


Seeing that my entries on Dubai gets more traffic then any other blog entries, these are other times I blogged about Dubai:
The dark side of Dubai
More on the dark side of Dubai
The dark side of Dubai laws
It's not all dark for women