Dubai finds a way through the economic crisis

Niche businesses like Islamic finance and family offices will contribute to Dubai's growth, says the head of business development for the Dubai International Finance Centre.

Despite the trying economic times, analysts say fundamentals in the Middle East are sound and businesses are going back to basics. Managing director for business development at the Dubai International Finance Centre DIFC Abdulla Al Awar remains haltingly optimistic about the outlook for the centre and the region. He denies there is a property bubble in the Emirate, he says the DIFC grew in 2008. He points to niche financial segments - such as Islamic finance and family offices -...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition

CONFERENCES