For the financial experts (and the rest of you too): Dubai defaults on debt (sort of)
#76
Re: For the financial experts (and the rest of you too): Dubai defaults on debt (sort
interesting take on things in the banned broadsheet...
The bigger prize is political change for the region. Abu Dhabi wants to take control culturally and politically. It knows that Dubai, under the glitzy reign of the Makhtoums, expanded rapidly and in ways that Abu Dhabi felt to be un-Islamic. It is hoping that the loss of face among Dubaians and among the world’s business communities will provide the impetus for a change of ruler.
http://www.timesonline.co.uk/tol/com...cle6936966.ece
The bigger prize is political change for the region. Abu Dhabi wants to take control culturally and politically. It knows that Dubai, under the glitzy reign of the Makhtoums, expanded rapidly and in ways that Abu Dhabi felt to be un-Islamic. It is hoping that the loss of face among Dubaians and among the world’s business communities will provide the impetus for a change of ruler.
http://www.timesonline.co.uk/tol/com...cle6936966.ece
#77
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Location: Lagrange 2
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Re: For the financial experts (and the rest of you too): Dubai defaults on debt (sort
More recently there were blackouts in Sharjah because of a lack of power - simply the growth caused by increasing accommodation build and the development of industrial zone 5 onwards. The consequent electricity demand exceeded the supply. A number of (foreign would you believe) companies were forced to come off the grid (i.e. were disconnected) and rent generators.
It happens where there is rapid growth. Building power stations takes much longer than houses and factories.
Same thing in RAK too I recall.
It happens where there is rapid growth. Building power stations takes much longer than houses and factories.
Same thing in RAK too I recall.
#78
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Joined: May 2008
Location: Lagrange 2
Posts: 1,507
Re: For the financial experts (and the rest of you too): Dubai defaults on debt (sort
interesting take on things in the banned broadsheet...
The bigger prize is political change for the region. Abu Dhabi wants to take control culturally and politically. It knows that Dubai, under the glitzy reign of the Makhtoums, expanded rapidly and in ways that Abu Dhabi felt to be un-Islamic. It is hoping that the loss of face among Dubaians and among the world’s business communities will provide the impetus for a change of ruler.
http://www.timesonline.co.uk/tol/com...cle6936966.ece
The bigger prize is political change for the region. Abu Dhabi wants to take control culturally and politically. It knows that Dubai, under the glitzy reign of the Makhtoums, expanded rapidly and in ways that Abu Dhabi felt to be un-Islamic. It is hoping that the loss of face among Dubaians and among the world’s business communities will provide the impetus for a change of ruler.
http://www.timesonline.co.uk/tol/com...cle6936966.ece
#79
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Joined: Oct 2008
Posts: 2,502
Re: For the financial experts (and the rest of you too): Dubai defaults on debt (sort
Including Sheikh Mo, possibly the most convincing snake oil salesman of the past century.
#80
Re: For the financial experts (and the rest of you too): Dubai defaults on debt (sort
totally agree but maybe the Ruler of AD is wanting to get rid of Rulers of the other Emirates and he rule them all?
#81
Roving Donny fan.
Joined: Aug 2008
Location: Doncaster, UK. But not for long!!! Where's my visa!!!
Posts: 385
Re: For the financial experts (and the rest of you too): Dubai defaults on debt (sort
So when the creditors come in and make cut backs are they gonna get rid of the people who are lazy,overpayed and a burden to the companies or is that illegal,but not as illegal as owing billions?
#82
Re: For the financial experts (and the rest of you too): Dubai defaults on debt (sort
Dubai had a major power out a few years ago in the middle of summer...no power for around half a day. I remember the apartment got so hot I sat in my car with my boy and the housemaid to get A/C....
They said it was due to technical difficulties and that it wouldn't happen again.
N.
They said it was due to technical difficulties and that it wouldn't happen again.
N.
#83
Re: For the financial experts (and the rest of you too): Dubai defaults on debt (sort
Dubai had a major power out a few years ago in the middle of summer...no power for around half a day. I remember the apartment got so hot I sat in my car with my boy and the housemaid to get A/C....
They said it was due to technical difficulties and that it wouldn't happen again.
N.
They said it was due to technical difficulties and that it wouldn't happen again.
N.
#84
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Joined: May 2007
Location: Utopia
Posts: 1,644
Re: For the financial experts (and the rest of you too): Dubai defaults on debt (sort
Rod Liddle is at it again. Can't see The Times being back on Dubai news stands any time soon.
http://www.timesonline.co.uk/tol/com...cle6936316.ece
http://www.timesonline.co.uk/tol/com...cle6936316.ece
#85
Re: For the financial experts (and the rest of you too): Dubai defaults on debt (sort
Rod Liddle is at it again. Can't see The Times being back on Dubai news stands any time soon.
http://www.timesonline.co.uk/tol/com...cle6936316.ece
http://www.timesonline.co.uk/tol/com...cle6936316.ece
#86
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Joined: May 2008
Location: Lagrange 2
Posts: 1,507
Re: For the financial experts (and the rest of you too): Dubai defaults on debt (sort
Rod Liddle is at it again. Can't see The Times being back on Dubai news stands any time soon.
http://www.timesonline.co.uk/tol/com...cle6936316.ece
http://www.timesonline.co.uk/tol/com...cle6936316.ece
#87
Re: For the financial experts (and the rest of you too): Dubai defaults on debt (sort
Dubai had a major power out a few years ago in the middle of summer...no power for around half a day. I remember the apartment got so hot I sat in my car with my boy and the housemaid to get A/C....
They said it was due to technical difficulties and that it wouldn't happen again.
N.
They said it was due to technical difficulties and that it wouldn't happen again.
N.
#88
Re: For the financial experts (and the rest of you too): Dubai defaults on debt (sort
you may well be right, Mitten was either 11 months which would be the April or 13 months which would have been the JUne, I can't remember! Mother of the Year eh
#90
Re: For the financial experts (and the rest of you too): Dubai defaults on debt (sort
According to BBC news on Radio 2 (UK) shares dropped 7% in UAE on opening of stock market.................On radio 92 news in Dubai no mention