Page 333 - Aamir Rehman - Dubai & Co Global Strategies for Doing Business in the Gulf States-McGraw-Hill (2007)

Notes 315

4 While the Dubai government has a more diversified income stream,
the UAE overall is still heavily reliant on oil.
5 Peter Garnham, “Kuwait Ends Peg against Dollar,” Financial Times,
May 21, 2007.
6 “An Oasis of Opportunity,” Strategy focus, Deutsche Bank,
December 4, 2006.
7 Shuaa Capital, March 2007.
8 Library of Congress Country Studies; CIA World Factbook, December
1992, www.photius.com/countries/saudi_arabia/economy/
saudi_arabia_economy_economic_policy_duri~1411.html.
9 “The New Middle East Oil Bonanza,” BusinessWeek, March 13,
2006, www.businessweek.com/magazine/content/ 06_11/
b3975001.htm.
10 “MENA Region: 2006 Economic Developments and Prospects—
Financial Markets in a New Age of Oil,” World Bank, 2006.
11 Abu Dhabi Factbook, 2006.
12 Economist, May 24, 2007, www.economist.com/finance/
displaystory.cfm?story_id=9230598.
13 “Money and Mystery: ADIA Unveils Its Secrets,” Euromoney, 2006.
14 KPMG Corporate Tax Survey 2006, 209.85.165.104/search?q=cache:
2XJVQQdrXF4J:www.stern.nyu.edu/~adamodar/pdfiles/articles/
KPMGtaxratesurvey.pdf+corporate+taxes+gcc&hl=en&ct=clnk&cd=1
&gl=us&client=firefox-a.
15 Arab News, March 2007, www.menafn.com/qn_news_story_s.asp?
StoryId=1093147692.
16 Ibid.
17 DIFC Website: Media Enquiries, February 2007.
18 David Ignatius, “Where’s the Oil Money?” Washington Post,
December 9, 2005, www.relocalize.net/node/1723.
19 Waleed Khalil Rasromani, “Financial Executives Foresee
Weaker Correlation with Gulf Stock Markets,” Daily Star
(Egypt), July 12, 2006,
www.dailystaregypt.com/article.aspx?ArticleID=2235.
20 Mushtak Parker, “Saudi Banking and Industrialization,” Arab News,
December 6, 2006, www.arabnews.com/?page=15§ion=0
&article=89608&d=10&m=5&y=2007.
21 Reuters, “Gulf Markets ‘Cannot Afford a Crash,’” Gulf News, April 3,
2006, archive.gulfnews.com/articles/06/03/04/10022969.html.