If Kurdistan is truly going to become a new Dubai or Bahrain and bolster its wealth and living standards to first world levels, it must rein in corruption or change the leadership which refuses to do so.

The financial teetering of Dubai World resembles the crisis of U.S. financial institutions, but unlike the U.S. government, Dubai seems to be keeping its wallet closed.

It will take brave politicians and a change in the way the US and others engage with Pakistan before the military's grip on the country is weakened

Why did the Dubai Ports deal fall through?

Dubai is but one of many ticking economic time bombs likely to explode in a global economy that is far from out of the woods.

A move toward global reflation to absorb excess capacity would be a positive-sum game.

Banking centers must offer their clients security; Dubai's banking sector could exist only because it was backed by an implicit security guarantee from the United States.