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Wall Street Journal

Thursday, June 5, 2008

DUBAI NEEDS TO MODIFY RULES

Some Laws in Dubai need to be Changed keep with Developmental change
- It will reduce the commercial costs for the investors.

-There will be a positive effect on the business in Dubai Real Estate.
-Some Local and Federation Law must be modified to easy the business and thus Investors' life will be smooth.
- US sub-prime did not much affected the UAE business boom. Sky is the limit says some expert economist.
- The growth here is unprecedented due to the slow down in US economy.
- The industrial sector in Dubai is growing leaps and bounds contributing to the GDP during 2007 & early 2008.
- Though the inflation has made the citizen a bit puzzled, its impact on the growth in tremendous that the people will enjoy in the years to come.

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