Dubai Expo 2020 could lead to economic bubble

A recent poll revealed that Dubai’s win in its bid for hosting the World Expo 2020 could generate another economic bubble in the UAE. Nearly 55% of the respondents of a survey shared their concern for Dubai’s economy post the Expo 2020. Only a quarter of them believed that Dubai’s economy was stable enough after the 2008 and 2009 crisis.

A set of respondents also believed that Dubai can increase its immunity by allowing simple procedures for starting a business. Respondents also believed that an increase in regulation of real estate and banks could make the UAE immune to a financial crisis. These results were obtained after a survey of more than 200 investment professionals was organized by the CFA Institute.

This news was published by the CFA Society Emirates even before the Bureau International des Expositions (BIE) announced that Dubai had won the bid. In spite of such a concern coming up, it was seen that approximately 95% of the respondents had supported Dubai’s vision for Expo 2020, while 97% of them had held a belief that the UAE will win the bid for Expo 2020 which eventually turned out to be true as well.

Just 4% of the respondents had been of the opinion that the Expo 2020 could burden the economy of the UAE and lead to another economic bubble such as the one seen in 2008 and 2009. Now that Dubai has won its bid for the Expo 2020, only time will tell if such a mass event will create an economic bubble in the UAE or no. Let’s wait and watch.  

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Dubai to introduce the smart passenger system for airports

Dubai airports are all set to get a tad smarter, thanks to an impending ‘smart passenger’ service to be installed in all of its airports. With this system, passengers will be spared the trouble of moving through hours of immigration queues and other formalities. According to the Directorate General of Residency and Foreigners Affairs, this system has been primarily built to save extra effort, time and money. The new scheme will come into effect approximately after 18 months.

Presently, the smart gates used in the airports complete the entire process of checking in and out in simply 20 seconds. However, the smart system that’s currently in progress eliminates those 20 seconds as well. The entry and exit processing will become as quick as ever with this new smart passenger system. In case immigrants get stuck at the airport for whatsoever reason, specific officers will be deployed to solve the problem quickly.

The main functionality of this system allows the passengers to comfortably enter or exit the area, while all their information gets registered in the airport servers. The multi-cameras and scanning system installed in the airport will check the person’s finger and iris prints along with all the other details. The person can pass through the airport without the need to stop at any counter. With this system, the checking in and out procedure will become a breeze for the passengers.

It seems like Dubai is all set to go phenomenal with its services in the airport, while it’s already on the verge of making the largest airport in the world.

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