You simply cannot read this article without laughing. The Arab boycott has actually protected most Israelis from losing any money over Dubai’s credit implosion.
Thanks to the Arab boycott of Israel, which partially included Dubai, few Israelis have been exposed to the country’s financial crisis. Few Israelis export to Dubai, and it seems very few have business connections with the government’s Dubai World development arm, which has asked for a six-month moratorium on interest payments on its $59 billion in debt.
That does not mean that many Israelis did not try to do business in Dubai. Many made all sorts of connections and investment plans, but almost none of these joint ventures worked out.
There are a few Israelis who have significant financial stakes in Dubai, but for the most part, Israel’s economy continues to grow, even in the current worldwide recession.
And you can thank the Arab boycott for the minor impact on Israel. Proof, indeed, that G-d has a sense of humor.