Business in the United Arab Emirates UAE has evolved at a record pace. During the past decade, local companies have transformed into global heavyweights, prompting major overhauls in their cash management strategies.
Dubai, the flashy hub of the region, is ground zero for this cash revolution. This crossroads of the Middle East is known for splurging on the biggest and the best -- be it the world's longest automated driverless train for the new metro system, the tallest tower or a brand new free zone financial centre built from scratch in the heart of the city.
The UAE is also home to many of the new breed of global corporations. Emirati companies that have recently...