JKC1967

ETFs, Commodities and Dubai

I have been to Dubai three times, and can confirm this issue of cheap labor being used and frequently exploited. What needs to be understood about Dubai though is that its already largely diversified its economy out of oil (the vast majority of oil in the UAE is in its sister Emirate Abu Dhabi). Dubai is unadalterated capitalism in its purest form (no income tax for expats either!), and the economic and financial framework put in place by its Government is just brilliant.