Can Dubai enter the premier league of financial centres?
It will need to adapt to a less globalised world, and clean up its act
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THE DEAL to normalise relations between Israel and the United Arab Emirates (UAE), announced on August 13th, was a diplomatic coup. Might it be a commercial one too? Moneymen in Dubai, the UAE’s largest financial centre, are hoping to cash in on increased investment and travel between the two countries. Israelis are expected to join the hordes of well-heeled foreigners who have opened businesses or bought swanky pads in the coastal emirate.
This article appeared in the Finance & economics section of the print edition under the headline "Navigating the storm"
Finance & economics August 22nd 2020
From the August 22nd 2020 edition
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