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Thursday, November 26, 2009

Robert Fisk: India may hold whip hand in this power game - Robert Fisk, Commentators - The Independent

Robert Fisk: India may hold whip hand in this power game - Robert Fisk, Commentators - The Independent: "There are, however, two basic truths about Dubai which, predictably, have not found their way into market speculation or newspaper analysis. The first is that Dubai may soon find itself a satellite not of its Abu Dhabi capital but of India. The biggest merchants in Dubai are Indian – they run the gold market, even the bookshops in Sheikh Mohamed's playpen – and west India is only two hours' flying time away. In fact, until 1962 – and you have to be an oldie to understand the emirates' economic world – the Indian rupee was the currency for most of the Gulf, including even Kuwait."

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