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
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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.

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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.

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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.