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Archive for the ‘Economy’ Category

Mubarak, Adly Sentenced to Life for Protester Deaths

Posted by vmsalama on June 2, 2012

I took this photo at a protest in Cairo in 2006. Today, Egypt’s former President Hosni Mubarak and former Interior Minister Habib El-Adly (in this photo) were handed life sentences in connection with protester deaths last year. The court found no evidence to convict Mubarak’s sons, Alaa and Gamal, or any of El-Adly’s former aids. A historic day for Egypt indeed. Alaa and Gamal still face charges on insider trading.

Photo by Vivian Salama

Photo by Vivian Salama (Cairo/May 2006)

I’m heading to Egypt in a week to cover the presidential election. Looking forward to witnessing history again in “Oum el Donia.”

Posted in Middle East, Politics, Elections, Egypt, Arab, Arabic, Employment, Hosni Mubarak, Mubarak, Economy, Arab Spring, Social Media | Leave a Comment »

Egypt’s Historic Vote is Underway!

Posted by vmsalama on May 24, 2012

At long last, voting is underway in Egypt!!! Citizens queued from early hours to vote for the first president since overthrowing Hosni Mubarak in February 2011. It’s been a tumultuous road to get to this day, but even from thousands of miles away I can sense the excitement of my Egyptian friends and family, many of whom voted today for the first time in their lives. I happen to be a junkie of political cartoons and have been collecting many along the way to Election Day.

Here are a couple I wanted to share. (I will be writing an editorial on the election in a few days when we have a better indication of how the people voted).

Which one is your favorite?!! (I think the one of Obama is my favorite!)

 

Posted in Arab, Arab Spring, Bahrain, Bloggers, burqa, dictatorship, Economy, Education, Egypt, Elections, Employment, Freedom of Speech, halal, Human Rights, Internet, Islam, Lebanon, Libya, Media, Middle East, military, Mubarak, Muslim Brotherhood, Obama, Persian Gulf, Politics, Protests, Religion, Salafi, Saudi Arabia, State of Emergency, Succession, Syria, Television, Tunisia, United Arab Emirates | Leave a Comment »

Greetings from Algeria

Posted by vmsalama on May 19, 2012

I’ve had a fascinating week in Algeria, learning about the culture and political climate. Many saw Algeria as an inevitable candidate for an “Arab Spring,” but on the ground, I found the people to be experiencing major war fatigue and would prefer a diplomatic approach to their issues. I will post some photos in the coming days, but here is one of my articles:

Why Algeria’s Grievances Don’t Spark a Revolution

By Vivian Salama

Time.com (Click here for original link)

Earlier this month, a policeman offering no explanation simply confiscated the cigarettes that Rachak Hamza, 25, had been vending in a desperate effort to make ends meet. Local papers in the easter Algerian port city of Jijel, say Hamza erupted in a “fit of rage,” returning to the scene with a tank of gas which he used to drench his body before lighting a match. But unlike the similar act of outrage by vegetable vendor Mohammed Bouazizi that triggered last year’s revolution in neighboring Tunisia, Hamza’s story was quickly forgotten. Indeed, it was just one of at least 50 acts of self-immolation as protest reported across Algeria since January last year, according to local health authorities. None of them has, thus far, inspired a revolt.

"We want freedom" -- in Ain Taya, Algeria/Photo by Vivian Salama

“We want freedom” — in Ain Taya, Algeria/Photo by Vivian Salama

Closer to the capital, the words “we want freedom” are spray-painted in Arabic alongside mobile homes in the suburb of Ain Taya. Down the road, in French, the words “On Vuet Vivre” — we want to live — decorate another building.

Algeria’s ruling party took nearly half the seats in parliamentary elections last week, a stunning deviation from previous votes that saw significant opposition victories, particularly among Islamist parties. The ruling National Liberation Front said Wednesday the vote confirmed the electorate’s desire “to safeguard national stability,” but opposition groups have cried fraud. If the wave of religious conservatism sweeping this North African country is any indication, Islamists are far more influential in Algeria than its election results reflect.

On the street, beleaguered citizens believe change is beyond reach. Unemployment is too high; youth activism is too low; and memories are still seared by the decade-long bloodbath that followed the military’s overturning of the 1991 election that looked set to bring the Islamists to power. Corruption is rampant, draining the country of much of the wealth generated by its oil exports. “The issue here, very simple, is democracy,” says Makri Abderrazak, a former member of parliament and vice president of the Movement for the Society of Peace, an offshoot of the Muslim Brotherhood, which swept elections in Tunisia and Egypt. “People want jobs, people want basic rights, people want to benefit from the country’s resources, but this government is not giving them the chance and this fraudulent election means things will only get worse.”  (more…)

Centre Ville Algiers/By Vivian Salama

Centre Ville Algiers/By Vivian Salama

Posted in Africa, Arab, Arab Spring, Arabic, Bloggers, Economy, Education, Elections, Employment, Europe, France, Internet, Islam, Middle East, Muslim Brotherhood | Tagged: , , , | Leave a Comment »

Egypt’s Muslim Brotherhood Woos Washington

Posted by vmsalama on April 6, 2012

Look who’s visiting Washington!!

Egypt’s Muslim Brotherhood Woos Washington

By Vivian Salama

The Daily Beast

Click here for original story

There was once a time when U.S. officials shunned Arab Islamist parties, frowned on their election victories, and denied them U.S. visas. But times are changing.

Delegates from Egypt’s Freedom and Justice Party, a group affiliated to the Muslim Brotherhood, are in   Washington for their first official visit since Hosni Mubarak was toppled last year. Only days after announcing their party’s candidate in the first presidential election since the revolution, the visiting delegates have met with members of Congress and White House officials and held public discussions at Georgetown University and Carnegie Endowment for International Peace.

Outlawed under the Mubarak regime, members of the Muslim Brotherhood and more hard-line Salafist parties have emerged, not surprisingly, as a powerful force in the Egyptian elections, thwarting the secular groups that are believed to have been the drivers of last year’s revolution. As a group that founded itself on the principles of grassroots activism, the Muslim Brotherhood has long resonated with the people of Egypt, where at many as 30 percent of the population lives below the poverty line, according to the United Nations.

The delegates sent to Washington were all articulate English speakers, two of whom hold doctorates from U.S. institutions. They were non-evasive, answering impassioned questions from the Georgetown audience about religious persecution and Sharia law. The message was not specifically linked to Islam. They did not criticize—or even mention—Israel. They stressed that Egypt is open for business and encouraged free trade and foreign direct investment. (more…)

Posted in Allies, American, Arab, Arab Spring, Arabic, Christian, Christianity, Coptic, dictatorship, Economy, Education, Egypt, Elections, Employment, Flip-Flops, Foreign Policy, Freedom of Speech, Gaza, Hamas, Hosni Mubarak, Human Rights, Islam, Israel, Jihad, Libya, Middle East, military, Mubarak, Muslim Brotherhood, Newsweek, Obama, Politics, Tunisia, United States | Tagged: | Leave a Comment »

Nip and Tuck Not Welcomed in Egyptian Parliament

Posted by vmsalama on March 7, 2012

Ay yay yay… it seems Egypt has nothing better to worry about given news of the big scandal gripping parliament this week. Anwar el-Balkimy, who belonged to Al Nour, part of the ultra-conservative Salafi group, reportedly faked a near-deadly attack to hide the fact that he went under the knife for vanity, and that those bandages in fact concealed a fresh nose job. This story, written by NY Times Cairo correspondent David Kirkpatrick, made my day. No, my week. But common people!!!! Can we PLEEEEASE remember that the country is falling apart at the seams? A large portion of the population is living under $2 a day, and the government has a lot of work to do ahead of the upcoming presidential election. I get that a politician needs to look good, but for the love of God, can you please save your surgeries for AFTER the presidential elections???

courtesy New York Times

Posted in Arab, Economy, Egypt, Elections, Hosni Mubarak, Islam, Media, Middle East, Mubarak, Muslim Brotherhood, Politics, Salafi | Leave a Comment »

Ban on Male Sales Clerks in Saudi Lingerie Shops is Small Step for Womenkind

Posted by vmsalama on January 4, 2012

While this ban on male sales clerks in lingerie shops has been looming for quite some time, it is really a fascinating sign of the increasing empowerment of women in the kingdom, in this case, as they push for more jobs and more rights. (Although perhaps a male sales clerk would have better perspective on what to buy!) Booz and Co. estimates that female unemployment in Saudi Arabia stands at more than 26 percent – four times higher than the rate of male unemployment. Saudi Arabia’s King Abdullah has tried since the start of the Arab Spring to introduce new reforms, both economic and social, to the kingdom to appease citizens….Last September, he said that women would be granted the right to run for elections and vote for members of the consultative shura council (although they were not allowed to vote in the 2011 election, which came days after this edict). While folks in the West may regard these changes as smallscale, it is a big leap for the kingdom. (After all, the joke goes, who will drive women to the polling stations since women in the kingdom are forbidden to drive?)

Until recently only men were allowed to work in Saudi lingerie shops

Women only to work in Saudi Arabia lingerie shops

By Emily Buchanan

BBC world affairs correspondent

A law allowing only women to work in lingerie shops in Saudi Arabia is coming into force.

Campaigners hope this will end decades of awkwardness in the Islamic kingdom where women have always been served by male shop assistants. The heated issue of the total lack of female shop workers in Saudi Arabia has simmered for years. Many Saudi women say they have felt particularly uncomfortable buying their lingerie from men.

Female campaigners recently increased the pressure for change through a Facebook campaign and a boycott of lingerie stores. Now King Abdullah’s royal decree finally comes into effect, banning male staff from selling female underwear.

“It’s about time, it’s been a long struggle and the authorities have finally come to their senses,” says Radio Jeddah journalist Samar Fatany. (click here to read more…)

 

Posted in Arab Spring, Economy, Elections, Employment, Human Rights, Labor, Lingerie, Middle East, Saudi Arabia | Tagged: | Leave a Comment »

“The Protester”: A Photo Journal of the Egyptian Revolution

Posted by vmsalama on December 15, 2011

Thanks to TIME Magazine for recognizing the revolutionaries all over the world… I’ve been meaning to write this for quite some time but only finding the chance to do it now.

A year ago when Mohammed Bouazizi, a fruit vendor in Tunisia, burned himself out of frustration from a political system that neglected him, I was en route to Beirut ahead of the Christmas holiday and writing, mainly, about the credit crunch in the Arab Gulf states and mounting concerns that the banking system would not soon recover from the blow. Days after I returned from Beirut, my host, Rania Abouzeid, came to stay with me in Dubai in a desperate attempt to fly to Tunisia, where flights were almost entirely grounded amid an uprising across the country. It was hard to imagine then that the desperate act of this young man not only set in motion a revolution in his country, but around across the region.

Jan. 27, 2011: me and Rania Abouzeid heading to Cairo (at 3am -- ughhh!!!)

On January 14, 2011, following a month of violent protests against his rule, Zine El Abidine Ben Ali – Tunisia’s president since 1987 — was forced to flee to Saudi Arabia along with his wife and their three children.  A week later, Rania and I were on a flight to Cairo where calls for a revolution had begun to circulate on social media websites. They were days I will never forget, and with TIME Magazine’s 2011 Person of the Year issue being dedicated this year to The Protester, I want to share with you all a few memories and photos of the protesters I met in Cairo this year. (Click here to read some of my stories on the Arab Spring)

On January 27, two days after the protests officially begun, Internet and mobile phone service was completely cut off in Egypt and we were left guessing where crowds were gathering. After trying a few spots around town, Rania and I decided to go toward the Mohendiseen neighborhood near the Moustafa Mahmoud mosque. It was a good guess! About 500 protesters had gathered after Friday prayers where they came face to face with riot police chanting slogans like “The people want the end of the regime” and “Hosni Mubarak: illegitimate.”

We began to march, with the intention of going toward Tahrir Square. (Rania and I were quickly separated in the crowd and were each forced to continue reporting on our own). Weaving through side streets and alleys in the Cairo neighborhood, people watched us from balconies, throwing bottles of water, garlic and onions, and bottles of vinegar – all simply remedies for tear gas inhalation, because everyone knew what lie ahead.  The longer we marched, the more the crowd swelled, with protesters called on those people in their homes not to be afraid.
Photo by Vivian Salama

Cairo, January 27, 2011/Photo by Vivian Salama

photo by Vivian Salama

Cairo, January 27, 2011/Photo by Vivian Salama

Photo by Vivian Salama
Jan 27: Protesters Near Moustafa Mahmoud Mosque/Photo by Vivian SalamaS

Sure enough, we were quickly confronted by tanks and soldiers firing tear gas at the crowd. I’ve never seen so much camaraderie in my life. Soldiers at a nearby military hospital threw medical masks at the protesters and pharmacists handed them out to the crowds. At one point I felt quite ill from the tear gas. A man approached from behind me and pressed a vinegar-covered mask against my mouth and nose. A nearby vendor (who probably struggles to feed his own family with the pennies he earns) emptied his refrigerator, handing out water bottles and cans of soda to the fatigued protesters.

Every where I looked, people were helping each other, helping strangers tie their masks, sharing water bottles, aiding those who were most affected by the gas.

There was one point, marching with the crowd from Mohendiseen, when we approached a major intersection and I heard roaring cheers. I jumped up on a car to see what had happened and was personally overcome by emotion. From three different directions, massive groups of protesters were approaching the intersection – the other groups coming from as far as Giza and the Nasr City. They did this without Internet or mobile phones.

Photo by Vivian Salama

Cairo, January 27, 2011/Photo by Vivian Salama

Groups of young men pushed to the front of the crowd and began to battle riot police, taking over their vehicles and chasing them away. Our group, now numbered in the hundreds of thousands, pushed slowly across the historic Qasr El Nil bridge in an attempt to move into Tahrir. There were moments when I worried that an attack by the military would trigger a stampede – we were stuffed tightly onto the bridge. But every time protesters began to push back, the young men in the crowd would grab the women in the crowd and push them against the bridge railing so to protect them from being knocked down.

photo by Vivian Salama

Some were more prepared than others!! Cairo Jan. 27, 2011/Photo by Vivian Salama

It was a long night with protesters burning the ruling National Democratic Party headquarters and battling with soldiers in Tahrir. Riot police trucks were set on fire (and the Semiramis Hotel, where many journalists took refuge) was partially on fire for part of the evening. I was trapped in Tahrir for the night and forced to take a last minute room at the Semiramis. I woke up early the next morning to a different Cairo, where charred military tanks stood in the middle of Tahrir Square and smoke billowed from the NDP headquarters and, sadly, from the adjacent National Museum. It would take another two weeks (only!) to overthrow Hosni Mubarak but that first Friday was by far the most memorable. There is an Arabic expression that often refers to the Egyptian people as being “light blooded” (light hearted/good senses of humor). They definitely showed their spirit throughout the frustrating 19 days (and 30 years) it took to shake up their political system.

Photo by Vivian Salama

Tahrir Square, January 28, 2011/Photo by Vivian Salama

Photo by Vivian Salama

Tahrir Square, January 28, 2011/Photo by Vivian Salama

me in Tahrir (late January 2011)

I visited Bahrain in the weeks that followed and I spent a lot of time covering the uprisings in Yemen and, less so, the ongoing crisis in Syria. After years of battling misguided stereotypes of terrorism and violence, these protesters have showed the world that they desire freedom and a decent standard of living and they have the right to demand it just as those in Europe and the US demand of their governments.

The Tunisians, Egyptians and all the other citizens around the world fighting for democracy have a very long and bumpy road ahead.  The TIME Magazine Person of the Year issue questions whether there is a global tipping point for frustration. I believe what happened this year is, in large part, because of overpopulation and because of the global economic slowdown touched societies rich and poor – but toppled those that were already on the brink before markets crash. The world is smaller than ever thanks to the Internet and various technologies that allow us to share experiences with people on opposite corners of the world. As we continue to get closer, and the world, smaller, it will become impossible to distance ourselves from even the most seemingly remote events.

Photo by Vivian Salama

Cairo, January 27, 2011/Photo by Vivian Salama

Posted in American, Arab, Arab League, Arab Spring, Arabic, Bloggers, Cairo University, Censorship, Coptic, Culture, dictatorship, discrimination, Economy, Education, Egypt, Elections, Employment, Environment, Foreign Policy, Hosni Mubarak, Internet, Journalism, Libya, Media, Middle East, military, Mubarak, Muslim Brotherhood, Negotiation, Obama, Politics, Qaddafi, Qatar, Recession, Refugees, Religion, State of Emergency, Succession, Syria, Terrorism, Tunisia, United Nations, United States, Yemen | Leave a Comment »

The U.A.E.: 40 and Fabulous?

Posted by vmsalama on December 2, 2011

Abu Dhabi at 40 //Photo by my homegirl Tala Al Ramahi (@journalist_tala)

Abu Dhabi at 40 //Photo by Tala Al Ramahi (@journalist_tala)

 As some of you may know I just moved back to New York last week after living in the Middle East for much of the last 10 years, most recently in the United Arab Emirates, which is today celebrating its 40th anniversary. There is no doubt that the UAE has accomplished pretty spectacular things in 40 years, fueled greatly by the abundant oil wealth of Abu Dhabi, which holds more than 90 percent of the crude in the country, and about 7 percent of the world’s proven oil reserves, according to BP data.

Burj Dubai // Photo by Vivian Salama

Burj Khalifa // Photo by Vivian Salama

The country is home to the world’s tallest building, the Burj Khalifa in Dubai, one of the world’s biggest malls, the world’s largest dancing fountains (I must confess, the fountain is rather amazing), the only manmade island visible from space and one of two gold vending machines in the world!

Dubai dancing fountain // Photo by Vivian Salama

Dubai dancing fountain // Photo by Vivian Salama

It is, undeniably, a remarkable accomplishment given that just 40 years ago the emirates, prior to unification and the discovery of oil, earned much of their income from pearl diving and exporting dates.

The pride of its citizens is something to be admired, and for weeks (even before I departed for the US), skycrapers were covered from top to bottom in lights of white, green, red and black, the colors of the UAE flag. Emiratis, the citizens of the UAE, wore scarves and jewelry with the colors of the flag, and cars were covered, literally, in photos of leaders past and present.

But a challenging road lies ahead for the UAE, particularly after this year’s events in the Middle East, where longtime dictators were forced out by popular uprisings. There is one clear advantage the UAE has over countries like Egypt, Syria, Libya and Yemen: it’s citizens are not poor. There are parts of the country that are in great need for updated infrastructure – roads, power lines, etc – but citizens are, at worst, comfortable thanks to lifetime handouts by the government. (Click here for my story Abu Dhabi’s Spending on Soccer and Skyscrapers Masks Slower Times at Home)

But citizens of the UAE are hungry for one thing: opportunities. Currently, foreigners make up about 85 percent of the country’s population – the majority hailing from countries on the Indian subcontinent. British/Western European, Canadian, Australian and South African expats hold many of the high paying white-collar positions, in SOME cases because they are better trained to do so, leaving few high profile jobs for the locals.

Emiratization, a policy now enforced by the government in many workplaces, seeks to boost Emirati employment whether by providing training and education for Emiratis, or setting quotas in certain sectors for Emirati employment. Ultimately the government is trying to prevent their own talented citizens from being lured to the West. But many critics believe that the UAE cannot afford to lose its foreign workers as they may have been the driving force for the country’s speedy success in the first place. In the meantime there is growing resentment among foreigners who, despite making up the majority of the population,  have few rights. There is no legal protection on property rights, and police, in practice, do not need a reason to stop, question or even detain people.

Another challenge is maintaining the “vision” set by the country’s founders some 40 years ago. Seldom was there a day in the UAE that I did not hear someone refer to the “vision.” Abu Dhabi and Dubai have set urban planning roadmaps for diversifying their economies away from oil and expanding certain sectors (services, real estate, alternative energy, etc). However, the global economic crisis dealt a massive blow to the once seemingly invincible UAE and its seemingly invincible real estate market. Slowly we’ve seen the country scale back, but its officials still maintain that the overall “vision” is intact and on track. We shall see.

Photo by Vivian Salama

Photo by Vivian Salama

Finally, a problem facing many of the Gulf sheikhdoms: succession. The country’s founder Sheikh Zayed bin Sultan Al Nahyan has been dead for 7 years now but his legacy undeniably lives on. The question is whether his sons, the current President Sheikh Khalifa and Abu Dhabi’s Crown Prince Sheikh Mohammed, can continue the vision he laid out for the country 40 years ago. Many experts I’ve spoken with believe that the vision of the two brothers has grown less cohesive, and the two have developed mini “kingdoms” – investing money in projects that are too different, both from each other and from that envisioned by their father.

The government is so private in nature (painfully so) that it’s always hard to know exactly what is going on behind the scenes. But given Dubai’s economic disaster and, more recently, Abu Dhabi’s problems, it raises a lot of questions as to who is calling the shots. The country enjoys making a splash, and it’s served them well, but if it genuinely wants to keep out of the spotlight during tougher times, it may want to adopt a more humbled approach over the next 40 years. (ie, no more $20 million hotel debut parties, ok?)

Dubai Atlantis Hotel Opening Show - December 2008

Dubai Atlantis Hotel Opening Show - December 2008

Good luck UAE. I am excited and eager to see what you have up your sleeve for the next 40 years!!

Posted in Abu Dhabi, Aldar, Arab, Arab Spring, dictatorship, Dubai, Economy, Egypt, Elections, Employment, Foreign Policy, Libya, Media, Middle East, Mubarak, Politics, Recession, Succession, Syria, Tunisia, United Arab Emirates, Yemen | Leave a Comment »

Yemen’s Saleh Signs GCC Agreement; Basindwa Named Interim Prime Minister

Posted by vmsalama on November 27, 2011

An eventful week for my friends in Yemen who have worked tirelessly this past year covering the Yemeni Spring. Just when we thought President Ali Abdullah Saleh would continue his song and dance to avoid signing an Arab Gulf-brokered agreement, he did so November 23 in Riyadh, the opposition by his side. Today, prominent opposition figure Mohammed Basindwa was named interim Prime Minister ahead of elections scheduled for February 21.

The first step now is for Saleh to stick to his promise, hand over power , and get-a-steppin. Yemen’s economy, which was already on the brink of collapse before the revolution kicked off, is paralyzed and the country cannot afford any further delays to the long and difficult road toward recovery. (The International Monetary Fund said last month that Yemen’s economy will shrink by 2.5% this year and by 0.5% in 2012)

From a security perspective, the breakdown of law and order has also given extremist groups ample breathing room to go about their business. The sooner a transition takes place — with the rather optimistic assumption that it goes smoothly — the sooner issues like the economy and security can be addressed.

For now, we wait and see whether Saleh will, indeed, take his final bow as he has vowed. Since it’s likely that Saleh makes very few moves without a nod of approval from Saudi Arabia and the US, it’s important that both countries continue exert pressure on him to expedite the transition and step down once and for all. GOOD LUCK, YEMEN!!

THANK YOU FOR PLAYING. GOODBYE.

RELATED ARTICLES I WROTE:

Al-Qaeda’s American Agent Said to Be Killed by U.S. Drone

Saleh Calls for Yemen Elections as Violence Against Protesters Intensifies

Yemen Shortages Worsen as Street Violence Leaves Locals Searching for Food

Yemen is “Collapsing” Amid Stalemate, Former Premier Nuaman Says

Posted in Ali Abdullah Saleh, Arab Spring, Economy, Egypt, Elections, Libya, Mubarak, Qaddafi, Saudi Arabia, Succession, Terrorism, Tunisia, United States, Yemen | Leave a Comment »

Abu Dhabi’s Economic Ambitions Held Back by Dubai-Style Real Estate Slump

Posted by vmsalama on November 3, 2011

By Vivian Salama 

Nov 3, 2011

Bloomberg/Business Week

Abu Dhabi, the emirate that bailed out Dubai in 2009, set out to avoid the pitfalls suffered by its Persian Gulf neighbor with a decades-long plan to replace oil revenue with industry and tourism as drivers of growth.

Now those plans need to be scaled back as companies behind some of the sheikhdom’s biggest developments cut jobs and postpone projects, said Ghassan Chehayeb, associate director of research at Dubai-based Exotix Ltd. Delays include beach-front apartments, the first office building that makes more energy than it uses and branches of the Louvre and Guggenheim museums.

Abu Dhabi Guggenheim Museum

“Abu Dhabi has to face the economic realities,” Chehayeb said. The emirate’s plan “was a little too ambitious and they’re realizing now that many of those projects might not make as much economic sense as they initially thought.”

Abu Dhabi, the United Arab Emirates capital and the holder of 7 percent of the world’s oil reserves, plans to invest $500 billion in industry, tourism and culture to increase non-oil revenue to 64 percent of the economy from 41 percent from 2005 to 2007. In Dubai, debt-fueled property speculation drove up prices and spurred development until the global credit crunch in 2008 caused the market to crash.

The Abu Dhabi government hasn’t announced any changes to the development blueprint, called Vision 2030, since it was first published in 2008. The emirate’s Urban Planning Council wouldn’t say whether the plan is on track when contacted by Bloomberg.  (Click here to read more…)

RELATED STORIES I WROTE:

Abu Dhabi Delays Louvre, Guggenheim, Zayed Plan Citing ‘Magnitude of Work’

U.A.E. Forecasts 400 Million-Dirham Budget Deficit in 2012

Posted in Abu Dhabi, Dubai, Economy, Real Estate | Leave a Comment »

 
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