Banque Privée Edmond de Rothschild SA will host a conference on the global economic outlook at the Lausanne-Palace on Tuesday 2 February 2010.

The tallest office tower in the world (at 818 metres), a superb ski run in the middle of the desert, the Queen Mary, the finest thoroughbred horses, gigantic duty-free malls—Dubai was the most dazzling of the united emirates. And yet, contrary to what one would think, these countries oozing with petrodollars embarked on long-term, money-losing ventures on credit.