Before Al Jazeera and MBC, television news consisted of twenty-two essentially closed native markets, one for every nation from Morocco to Iraq. Unlike neighboring Saudi Arabia, Dubai has by no means treated its oil as an eternal proposition; oil provides are anticipated to final only two extra many years, a short-time period bankroll to construct a greater nation. Not surprisingly, the brand new community did not sit effectively with rulers whose regimes were beneath scrutiny, especially Saudi Arabia, which Al Jazeera's proprietor, the emir of Qatar, considers a rival. Although the two are neck and neck in viewership, an April Gallup poll discovered that 39 % of the Iraqi viewers see the Dubai-based community as objective, while Al Jazeera has convinced 35 p.c of its fairness. Where most different Arab states require international traders to companion with an area agency or particular person, Dubai's free zones permit one hundred percent foreign ownership. As a result of be completed by 2010, the center of the DIFC will probably be its regional inventory trade, meant to draw both local listees and worldwide investors. Next is the International Financial Center, a inventory market headquarters meant to match Hong Kong's, London's, and New York's, and to trump the area's 13 different exchanges. And that meant reeducating Arab journalists. One of many seven metropolis-states that make up the United Arab Emirates, Dubai covers about 1,000 square miles; although 90 percent desert, the emirate holds miles of prime coastline alongside the Persian Gulf.
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