Fri 18 Dec 2009
Dubai – It’s All About Reputation Management
Posted by Robin Bal under financial crisis , Recession[9] Comments
It’s not really a surprise to see Abu Dhabi hand over another bunch of dollars to its wayward relative Dubai. It had to be so; it was just a matter of time. The bailout or handout or whatever one wishes to call this latest transfer of money was necessary to shore up the reputation of the Emirates.
![dubai-metro123456 Dubai Metro](https://i0.wp.com/www.fortunewatch.com/wp-content/uploads/2009/12/dubai-metro1234563.jpg?resize=550%2C300&ssl=1)
Dubai Metro
It’s the second time that Dubai has had help from it’s more conservative and wealthier neighbour. In February 2009 Abu Dhabi pledged $10 billion to prop up the ailing Emirate in a move to assist Dubai’s $20 billion long-term bond program. The Central Bank of the UAE bought up the first tranche of the bond issue.
![dubai tennis The highest Tennis court in the world](https://i0.wp.com/www.fortunewatch.com/wp-content/uploads/2009/12/dubai-tennis3.jpg?resize=550%2C300&ssl=1)
The highest Tennis court in the world
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