Wednesday, April 22, 2009

Contrasts can be interesting

These two articles are side-by-side on the Financial Times Middle East news page:

Dubai's ruler says the worst is over - The ruler of Dubai yesterday said the government may still have to intervene to offer financial support to some economic sectors in the troubled Gulf emirate, but he... - Apr-20

Dubai property prices to fall further - Dubai property prices have further to fall even after average residential prices have dropped by up to 42 per cent over the last six months, according to a property consultancy - Apr-19

1 Comments:

Anonymous Anonymous said...

Huh, I thought Sheikh Mo had denied there ever was a crisis. Interesting that he only acknowledges the crisis now that it is "over". I wonder what he'll say in the future when strong evidence suggests that Dubai continues to be affected by the economic downturn.

9:22 AM  

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