Hamad Buamim talks to AB about Dubai's economic growth

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Hamad Buamim, director general of Dubai’s Chamber of Commerce & Industry, talks to ABTV about the emirate’s economic growth amid the downturn. Speaking at the Arabian Business Awards 2010, Buamim discusses the impact of the negative press surrounding Dubai and takes a closer look at which industries have best weathered the economic storm.

 

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The fragile finances of Formula One
By this time next year, five of the current 11 Formula One teams will probably be out of business. It’s now not a question of if it will happen but merely when it will happen. Marussia and Caterham have already gone and the Sauber, Lotus and Force India teams seem ready to join them. So in 12 months time there could be just six teams left on the grid, all forced to run three-car teams to maintain the semblance of a show. That is the harsh truth that spells out the finances of Formula One today.

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