City of Gold Dubai and the Dream of Capitalism

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  • Edition: 1st
  • Format: Paperback
  • Copyright: 2010-11-23
  • Publisher: Picador
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The city of Dubai, one of the seven United Arab Emirates, is everything the Arab world isn't: a freewheeling capitalist oasis where the market rules and history is swept aside. Until the credit crunch knocked it flat, Dubai was the fastest-growing city in the world, with a roaring economy that outpaced China's while luring more tourists than all of India. It's one of the world's safest places, a stone's throw from its most dangerous. InCity of Gold,Jim Krane, who reported for the AP from Dubai, brings us a boots-on-the-ground look at this fascinating place by walking its streets, talking to its business titans, its prostitutes, and the hard-bitten men who built its fanciful skyline. He delves into the city's history, paints an intimate portrait of the ruling Maktoum family, and ponders where the city is headed. Dubai literally came out of nowhere. It was a poor and dusty village in the 1960s. Now it's been transformed into the quintessential metropolis of the future through the vision of clever sheikhs, Western capitalists, and a river of investor money that poured in from around the globe. What has emerged is a tolerant and cosmopolitan city awash in architectural landmarks, luxury resorts, and Disnified kitsch. It's at once home to America's most prestigious companies and universities and a magnet for the Middle East's intelligentsia. Dubai's dream of capitalism has also created a deeply stratified city that is one of the world's worst polluters. Wild growth has clogged its streets and left its citizens a tiny minority in a sea of foreigners. Jim Krane considers all of this and casts a critical eye on the toll that the global economic downturn has taken on a place that many tout as a blueprint for a more stable Middle East. While many think Dubai's glory days have passed, insiders like Jim Krane who got to know the city and its creators firsthand realize there's much more to come in the City of Gold, a place that, in just a few years, has made itself known to nearly every person on earth.

Author Biography

Jim Krane, an award-winning journalist, was the AP’s Persian Gulf Correspondent, responsible for coverage in all six Gulf Arab countries. He has also written about Dubai for The Economist and the Financial Times. Previously, he was an AP Baghdad Correspondent and New York--based business writer. He lives in Cambridge, England, with his wife and son.

Table of Contents

Prefacep. xi
Dubai Stirsp. 1
The Sands of Timep. 3
Birth of a Free Portp. 21
Oil, Slaves, and Rebellionp. 39
Dubai Emergesp. 63
It's Sheikh Rashid's World-We Just Live in Itp. 65
The Road to Dominancep. 81
Sprinting the Marathonp. 103
Almost Famousp. 135
Spreading Out and Going Upp. 151
Diamonds, Dubai, and Israelp. 167
Sheikh Mohammed: Born to Rulep. 177
Blowback: The Downsidep. 197
Labor Painsp. 199
Sex and Slaveryp. 213
The Air-Conditioned Nightmarep. 223
The Lawless Roadsp. 233
Dubai's Challengep. 251
Danger Aheadp. 253
Democracy and Terrorismp. 271
Stuck Between America and Iranp. 283
The Meaning of Dubaip. 297
Epilogue: Dubai, February 2010p. 315
Notesp. 321
Acknowledgmentsp. 345
Indexp. 347
Table of Contents provided by Ingram. All Rights Reserved.

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