Football Isn't The Only Party
The Times of India|November 23, 2022
Qatar’s hosting the World Cup and in Middle East, economic good times are rolling, at least for now
Ruchir Sharma
Football Isn't The Only Party

If you want to escape from the global gloom, just take a flight from its epicentre, London, to any leading capital of the Gulf, the only region in the world where economic growth forecasts are rising. As host of the Fifa World Cup, Doha has been bubbling over with anticipation and so have its neighbours, who are welcoming the overflow from Qatar hotels. Dubai is enjoying yet another real estate boom. Regional rivals like Riyadh are racing to be the next Dubai, funnelling oil profits into property mega projects.

Many Gulf leaders recognise that a boom built on high oil and property prices is unlikely to endure, but that age-old problem can wait. The party is happening now.

● With 28 buildings over 300 metres tall, most of them built in the last 10 years, Dubai is easily the most vertical city in the world, making even Manhattan and Shenzhen look flat by comparison.

● Now in its third and most effervescent real estate boom of the last 10 years, Dubai is setting records for number and value of buildings sold, with sale prices rising at an annual pace of more than 20%, faster at the highest end.

● Dinner conversations at Dubai’s many globally branded restaurants, from Armani to Zuma, revolve around which billionaire paid how much for the latest beachfront luxury villa.

● Saudi Arabia and the UAE, which includes Dubai and Abu Dhabi, are close to 75% of the Gulf economy and home to its financial centres, which are islands of excitement too.

Diese Geschichte stammt aus der November 23, 2022-Ausgabe von The Times of India.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der November 23, 2022-Ausgabe von The Times of India.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS THE TIMES OF INDIAAlle anzeigen
Song and dance there, but where is Brazil's soul?
The Times of India

Song and dance there, but where is Brazil's soul?

From swooning over the twirling foot of Richarlison the other day, to fretting over the ankle of Neymar, it is back to business for Brazil. Gone is the exultation to dance and express themselves.

time-read
3 Minuten  |
November 28, 2022
Marriott to reach 200-hotel mark in India by 2025 from current 134
The Times of India

Marriott to reach 200-hotel mark in India by 2025 from current 134

American hospitality major Marriott International — the group with the largest number of branded hotel rooms in India at about 26,000 — has drawn up very ambitious growth plans for the country.

time-read
1 min  |
November 28, 2022
India's visually-impaired players dribble, debate on and off field
The Times of India

India's visually-impaired players dribble, debate on and off field

Take 20-year-old Shivam Negi for instance. A member of the national blind football team, Negi along with three other NIEVPD students is ardently following the matches by listening to live commentary.

time-read
1 min  |
November 28, 2022
SIPS eating into luxe car sales: Merc
The Times of India

SIPS eating into luxe car sales: Merc

‘MF Investments Reducing Disposable Incomes Of Indians’

time-read
1 min  |
November 28, 2022
Fury's Ground Xiro
The Times of India

Fury's Ground Xiro

Xi's zero-Covid policy has angered ordinary Chinese as never before. A dangerous moment for the state

time-read
3 Minuten  |
November 28, 2022
Trump faulted for dinner with white nationalist, rapper Ye
The Times of India

Trump faulted for dinner with white nationalist, rapper Ye

The sportswear manufacturer has also launched a probe into his conduct.

time-read
1 min  |
November 28, 2022
Blank sheets of paper become symbol of defiance
The Times of India

Blank sheets of paper become symbol of defiance

Chinese protesters have turned to blank sheets of paper to express their anger over Covid-19 restrictions.

time-read
1 min  |
November 28, 2022
Can't deny mediclaim to a vegetarian, insurer told
The Times of India

Can't deny mediclaim to a vegetarian, insurer told

Dietary Habit Not Patient’s Fault: Consumer Body

time-read
1 min  |
November 28, 2022
Thakur: Will host 'grand Olympics' in Gujarat in future
The Times of India

Thakur: Will host 'grand Olympics' in Gujarat in future

Union sports minister Anurag Thakur on Sunday said Gujarat will host a “grand Olympics” sporting event in the future.

time-read
1 min  |
November 28, 2022
Will restore old pension scheme in Guj: Kejriwal
The Times of India

Will restore old pension scheme in Guj: Kejriwal

He also urged government employees in the state to back AAP while promising implementation of the old pension scheme for them by January 31, 2022.

time-read
1 min  |
November 28, 2022