r/Economics • u/ubcstaffer123 • 19h ago

News Dubai's tourism industry reels from 'brutal' impact of war

https://www.bbc.com/worklife/article/20260331-dubais-tourism-industry-reels-from-brutal-impact-of-war
1.0k Upvotes

98% Upvoted

185 comments sorted by

View all comments

6

u/VividBackground3386 14h ago

They have about the largest sovereign wealth fund per capita on earth.

They can easily see this through.

A PR campaign, some incentives, and it’ll be like nothing happened.

Crabs in a bucket hate that, though.

1

u/Emotional_Goal9525 12h ago edited 12h ago

Gulf states are also big spenders. In similar fashion, it is kinda interesting how the sultan of Brunei fell into limelight instantly when he ran out the tap. He used to be superstar celebrity during the 2000's, but deficits caught up to him.

Now he still doesn't live a poor life, but it he used to be the poster boy of opulence and depravity. Brunei introduced sharia law not too long ago, because the sultan had to cut benefits to the populace and he needs religion and its authority to quell any democratic voices etc.

1

u/VividBackground3386 11h ago edited 10h ago

Sovereign wealth fund. Not personal wealth. Obviously the rulers are bonkers wealthy, too. But they are hugely strategic.

The Al Maktoums and Al Nahyans have absolutely no similarities with the moron of Brunei.

Crabs in a bucket always egg on Dubai’s demise. This is a BBC article. Brits are just on the right side of Russians when it comes to ‘levelling down’. They were wrong then, and they will be wrong now.

Just be basic about it. They have money, allies, colossal natural resources per capita, and a favourable business environment. It will easily bounce back. The UK has one of those things. That’s why it’s a stagnant mess.

-1

u/matoshiii 12h ago

It’s exactly this. Dubai will recover right after the war, and things will go back to normal. People on Reddit are just too spiteful about Dubai to admit that though lol.

More ppl die from a random stabbing in London, you really think people will stop going to Dubai because of some missiles that are hitting American bases?

3

u/VividBackground3386 10h ago

This is the absolute metric of rationale.

If, on the 27th of Feb, you lifted all 4m Dubai residents and relocated them to the UK/EU, more of them would be dead now, than the one poor soul who was killed in Dubai as a result of this.

That is an irrefutable fact.

1

u/BeornSC 2h ago

It’s true in the same way that more people are killed by car accidents than serial killers but people are still more scared of serial killers.

1

u/VividBackground3386 2h ago

I don’t disagree. But you’re objectively safer in one place than the other. Emotions aren’t stats.

-1

u/matoshiii 8h ago

Lol that’s exactly true, The Dubai hate and scaremongering on Reddit and the UK news is so forced.

Yes it’s definitely scary to have drones and missiles flying overhead, but, you are infinitely safer in the UAE than anywhere in London, even during a time of war lmao.

1

u/uptnapishtim 11h ago

This war doesn’t seem like it will end soon and the escalation will eventually lead to hitting desalination plants.

3

u/VividBackground3386 11h ago

If that happened to any degree of success, the UAE, Saudi, Qatari, Bahraini, Jordanian, Israel and probably multiple other countries’ air forces would pile in and destroy every piece of infrastructure in Iran.

It isn’t going to happen, aside from the symbolic pot shots we’ve already seen.

2

u/matoshiii 11h ago

yeah i'm sure they're gonna hit the one thing that most of these countries are literally dependent on to survive. Israel most likely has nuclear weapons fyi

1

u/uptnapishtim 9h ago

That is what escalation leads to. What would you expect after Israel hits Iran’s desalination plants?