Dubai is one of the Arab Emirates. It has been made rich through oil but its leaders, wise enough to acknowledge that is a limited resource, have developed many other ways to maintain a healthy economy for their country and treat all citizens wisely and considerately. However, over extending when times were good like the rest of the world, the ruler of Dubai, owner of most of the wealth, is, in essence, asking a sort of bail-out. In fact, he is only asking for an extension of calling in some loans, but even this relatively tiny) but obscenely wealthy, country effects the
world finances.
A three year old article on the Internet says there are
no taxes in Dubai. You keep what you own. Rents are high and traffic is congested. Dubai tops MidEast in
quality of life ranking. The UAE does not treat women as Saudi Arabia does. To learn more, read this ex-pat's accounting of her experience living in Dubai.
Click here.
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