i chose this article which is quite interesting, because few weeks ago, the emirates of middle east declared that Dubai was on the Bankrupt way, with a loss of USD$ 30 Billion. Dubai is the lonely emirate which doesn't have any petrol. It bets only on tourism industry. and Abhu Dhabi, its neighbor is more wealthy. After this first period of bankrupt way, many companies, mainly from UK and the Netherlands, where scared to not be paid, and started to run away from Dubai. Actually, After Abhu Dhabi gave the 10 Billion, the situation is getting more stable, and the anticipation of the few companies which runaway was not really adapted!!
OK, but posting was due on Sunday. This is a description of what is in the article...what is needed is your insight on the impact for hospitality/tourism.
i chose this article which is quite interesting,
ReplyDeletebecause few weeks ago, the emirates of middle east declared that Dubai was on the Bankrupt way, with a loss of USD$ 30 Billion.
Dubai is the lonely emirate which doesn't have any petrol. It bets only on tourism industry. and Abhu Dhabi, its neighbor is more wealthy.
After this first period of bankrupt way, many companies, mainly from UK and the Netherlands, where scared to not be paid, and started to run away from Dubai. Actually, After Abhu Dhabi gave the 10 Billion, the situation is getting more stable, and the anticipation of the few companies which runaway was not really adapted!!
OK, but posting was due on Sunday. This is a description of what is in the article...what is needed is your insight on the impact for hospitality/tourism.
ReplyDelete