How Dubai Works

ahmedmadani: dubai is filling the niche that karachi would have filled had it not been for mqm and the petty-minded ethnic politics of karachi. so instead of trying to find fault with it, learn something from it.

Excellent analysis of how Dubai has risen from a boondock to arguably the hottest spot development-wise in the world today. And this in the heart of the world's biggest trouble spot, the middle east!!

The Swiss bank allows ill gotten wealth kept in secret. As safe keeping instead of giving interest they cut 2% money as fee. Many times ill gooten wealth can not be claimed as it is exposed and scandal and then that amount goes to swiss king. As this has been happening for hundreds of years he is richest king. Also like if not claimed by palace by BB it would have gone to english crown ? Is it true ? Thanks in advance.

Re: # 2 Dubai acts as smuggling place. Traders book goods like tire . medicine, textile machinary from some bogus import/export houses and that way indian goods smuggled detrimental to our manufactures. It has become port of smuggling goods for indians and chinese in pakistan detrimental to industry.

Re: # 1 You have right feeling. That is reason daughter of east lived in island.

It is all very convincing but why do I have a feeling that Dubai at its core is the world's largest money laundering racket. I think this racket has been established to give an impression to the oil rich sheikhs, big and small, of the region that somehow their non-existent petrodollar money is safe.