Global event
For the global event I have decided to write about the global economic crisis and my social perspective of its causes and effects in Dubai. In order to do this let me first give you a small description of UAE and Dubai.
It was in 1975 “the crucial states of Persian gulf had transformed into United Arab Emirates under the rule of Sheikh Zayed Bin Sultan Al Nahiyan as its first president. The seven Emirates joined together under the visionary leadership of Sheikh Zayed and Sheikh Rashid Al Maktoom, ruler of Dubai. While Abu Dhabi tapped its rich oil reserves Dubai concentrated on providing first class business environment. Even though Dubai is producing 240,000 barrels of petrol every day it has the treat of its oil reserves being depleted in another 20 years. So Dubai started to make itself as a business and tourist destination in the world. Soon Dubai became “The New York of middle east” offering the best sea port, airport, transportation and communication infrastructure, financial services and a reliable government with a slogan, “what is good for business is good for Dubai”. Dubai attracted most of the fortune 500 companies to open its regional Middle East hub in Dubai.
The DNATA, Dubai national air travel agency having the experience of managing Dubai airport and many airlines started its own airline “Emirates” which soon became the best airline in the world winning consecutive awards of the aviation industry. With this strength Dubai started its ambitious tourism development plan creating a network first class hotels, tour operators and local events such as Dubai shopping festival, Dubai summer surprises, international exhibitions at the Dubai world trade centre along with a peaceful society and comfortable living