There are few things more satisfying than delighting in the misfortune of others. The sheer volume of articles dedicated to gleefully announcing the details of Dubai’s apparent decline would suggest the papers are having quite a party. But why should the foreign media have all the fun? Thankfully, these articles conform to a basic formula. Simply by following a few simple steps, you too can bathe in the smug, self-satisfying schadenfreude of the fly-in-fly-out reporter. (Getty Images)
The small kingdom is among the most economically vulnerable of the GCC states, with high debt levels, low reserves and slow GDP growth. But it has identified jewels in its accelerating non-oil economy that will help it forge a new path for the future.