The National Business Section
Nov 8th 2009, 8:49 am
#1
Thread Starter
Joined: Jun 2008
Posts: 1,271
The National Business Section
Interesting reading on front page of National Business Section today about billions of dollars owed to Japanese Companies who built the Palms, Metro and Kelpinski, Arabian ranches to name a few, doesnt say how much is owed other than billions of dollars but names Nakheel, Limitless and RTA slso mentions Uk builders and consultants without naming them but goes onto say that the Japanese Government will attempt to intervene if necessary! Wonder if it will ever come out exactly how much debt Dubai appears to be in.
Nov 8th 2009, 10:10 am
#2
Concierge
Joined: Feb 2007
Posts: 29,625
Re: The National Business Section
Interesting reading on front page of National Business Section today about billions of dollars owed to Japanese Companies who built the Palms, Metro and Kelpinski, Arabian ranches to name a few, doesnt say how much is owed other than billions of dollars but names Nakheel, Limitless and RTA slso mentions Uk builders and consultants without naming them but goes onto say that the Japanese Government will attempt to intervene if necessary! Wonder if it will ever come out exactly how much debt Dubai appears to be in.
Nov 8th 2009, 10:21 am
#3
Account Closed
Joined: Oct 2008
Posts: 2,502
Re: The National Business Section
That alone tells you how bad things really are in Dubai. It wasn't just developers on a borrowing binge but the DM too. Everything we see was apparently built on debt.
I have to wonder if there will be an admission of some type, or a one-off event, that will bring about an overnight collapse of confidence and suddenly Dubai's economy will plunge once again.
I have to wonder if there will be an admission of some type, or a one-off event, that will bring about an overnight collapse of confidence and suddenly Dubai's economy will plunge once again.
Interesting reading on front page of National Business Section today about billions of dollars owed to Japanese Companies who built the Palms, Metro and Kelpinski, Arabian ranches to name a few, doesnt say how much is owed other than billions of dollars but names Nakheel, Limitless and RTA slso mentions Uk builders and consultants without naming them but goes onto say that the Japanese Government will attempt to intervene if necessary! Wonder if it will ever come out exactly how much debt Dubai appears to be in.
Nov 8th 2009, 6:13 pm
#4
why ayeeeee man!
Joined: Jan 2008
Location: Disco Gardens...
Posts: 11,370
Re: The National Business Section
Interesting reading on front page of National Business Section today about billions of dollars owed to Japanese Companies who built the Palms, Metro and Kelpinski, Arabian ranches to name a few, doesnt say how much is owed other than billions of dollars but names Nakheel, Limitless and RTA slso mentions Uk builders and consultants without naming them but goes onto say that the Japanese Government will attempt to intervene if necessary! Wonder if it will ever come out exactly how much debt Dubai appears to be in.
Nov 9th 2009, 11:54 am
#5
Gold-Helmeted Member
Joined: Dec 2004
Location: Setubal-ish
Posts: 688
Re: The National Business Section
It does seem crazy to have a decent bridge ready for months, have the roads either side ready and just not open it. The conspiracy theorist in me says it's deliberately kept closed to maintain traffic jams because the big man at the top thinks it makes the place look busy.
Nov 9th 2009, 2:47 pm
#6
Account Closed
Joined: Oct 2008
Posts: 2,502
Re: The National Business Section
Dubai is the one place where the conspiracy theories are probably true.
I called the RTA about that the other day - the guy went off and looked it up and called me back. He said it belongs to Internet City and they are responsible for it!
It does seem crazy to have a decent bridge ready for months, have the roads either side ready and just not open it. The conspiracy theorist in me says it's deliberately kept closed to maintain traffic jams because the big man at the top thinks it makes the place look busy.
It does seem crazy to have a decent bridge ready for months, have the roads either side ready and just not open it. The conspiracy theorist in me says it's deliberately kept closed to maintain traffic jams because the big man at the top thinks it makes the place look busy.
Nov 10th 2009, 5:23 am
#8
If I have to explain...
Joined: Sep 2008
Location: Where ever the road takes me
Posts: 3,999
Re: The National Business Section
Sheikh Mo has told you all to shut up! Not me, cause i never say anything bad!
Nov 10th 2009, 12:36 pm
#9
Concierge
Joined: Feb 2007
Posts: 29,625
Re: The National Business Section
I called the RTA about that the other day - the guy went off and looked it up and called me back. He said it belongs to Internet City and they are responsible for it!
It does seem crazy to have a decent bridge ready for months, have the roads either side ready and just not open it. The conspiracy theorist in me says it's deliberately kept closed to maintain traffic jams because the big man at the top thinks it makes the place look busy.
It does seem crazy to have a decent bridge ready for months, have the roads either side ready and just not open it. The conspiracy theorist in me says it's deliberately kept closed to maintain traffic jams because the big man at the top thinks it makes the place look busy.
Nov 11th 2009, 6:47 am
#11
Gold-Helmeted Member
Joined: Dec 2004
Location: Setubal-ish
Posts: 688
Re: The National Business Section
I got a mail back from DIC, apparently the bridge is a TECOM project and will open in 4 days time.
I hope that is a real 4 days time, and not an 'every station of the metro will open on time' kind of time.
I hope that is a real 4 days time, and not an 'every station of the metro will open on time' kind of time.
