A decade ago, many African economies seemed locked in stagnation. Now they are booming, and Gulf investors are moving in to take advantage of the growth.
Abu Dhabi, United Arab Emirates
Ten years ago, goods from or headed for Africa rarely passed through the ports of the United Arab Emirates one of the worlds busiest commercial hubs.
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The tiny country on the Arabian Peninsula saw about $1.5 billion of trade with Africa each year, barely enough to register on government statistical reports. Other exchanges were also rare: Aside from the occasional international meeting, African ministers rarely had an occasion to frequent the Emirates.
Fast forward just about a decade later, however, and the situation cou
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