For the financial experts (and the rest of you too): Dubai defaults on debt (sort of)

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Nov 29th 2009, 11:51 am

#61

Blue Cat

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Re: For the financial experts (and the rest of you too): Dubai defaults on debt (sort

Quote:

Originally Posted by Autonomy

the small matter of destroying Jebal Ali beach for the failed Waterfront will always stick in my throat as being such a terrible waste of natural beauty...

I know how you feel, we lost the Country Club for nothing

Nov 29th 2009, 11:51 am

#62

Roadking

If I have to explain...

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Re: For the financial experts (and the rest of you too): Dubai defaults on debt (sort

or this one...

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For the financial experts (and the rest of you too): Dubai defaults on debt (sort of)-peter-brookes.jpg

Nov 29th 2009, 11:56 am

#63

Autonomy

Joined: Jul 2004

Location: currently Dubai, ex UK

Posts: 4,582

Re: For the financial experts (and the rest of you too): Dubai defaults on debt (sort

Quote:

Originally Posted by Roadking

or this one...

DUBAI -- The London Times newspaper was removed by authorities from shelves in the United Arab Emirates on Sunday amid reporting of Dubai's debt problems, an executive at the paper said.

Earlier this month Dubai's Sheik Mohammed told reporters gathered at an investment conference in the city to "shut up" and stop criticizing the emirate and its crucial relationship with Abu Dhabi. Under the U.A.E.'s media code, publications are prohibited from criticizing the sheikdom's rulers.

http://online.wsj.com/article/SB125949749179768285.html

Nov 29th 2009, 12:14 pm

#64

Blue Cat

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Re: For the financial experts (and the rest of you too): Dubai defaults on debt (sort

Quote:

Originally Posted by Autonomy

so soon we are going to have no newspapers and no forums or blogs?

Nov 29th 2009, 12:29 pm

#65

commander

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Re: For the financial experts (and the rest of you too): Dubai defaults on debt (sort

Quote:

Originally Posted by Blue Cat

so soon we are going to have no newspapers and no forums or blogs?

**** me, how will you cope without cyberworld??

Nov 29th 2009, 12:31 pm

#66

Blue Cat

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Re: For the financial experts (and the rest of you too): Dubai defaults on debt (sort

Quote:

Originally Posted by commander

**** me, how will you cope without cyberworld??

twitter

Nov 29th 2009, 12:37 pm

#67

Millhouse

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Re: For the financial experts (and the rest of you too): Dubai defaults on debt (sort

Quote:

Originally Posted by Blue Cat

so soon we are going to have no newspapers and no forums or blogs?

that might be the last of your worries...(!). How about no leccy and thus no water?

it's not going to get that bad, but a couple of days would be fun.

Nov 29th 2009, 12:42 pm

#68

Blue Cat

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Re: For the financial experts (and the rest of you too): Dubai defaults on debt (sort

Quote:

Originally Posted by EmiratesMillhouse

that might be the last of your worries...(!). How about no leccy and thus no water?

it's not going to get that bad, but a couple of days would be fun.

it will never get to that

Nov 29th 2009, 1:15 pm

#69

typical

Not an evil hypnotist

Joined: May 2007

Posts: 1,975

Re: For the financial experts (and the rest of you too): Dubai defaults on debt (sort

Quote:

Originally Posted by Blue Cat

it will never get to that

I'm sure that's what they said in Sharjah...

Nov 29th 2009, 3:31 pm

#70

Autonomy

Joined: Jul 2004

Location: currently Dubai, ex UK

Posts: 4,582

Re: For the financial experts (and the rest of you too): Dubai defaults on debt (sort

I found it a touch ironic seeing the fireworks above the Creek this evening...

Nov 29th 2009, 5:20 pm

#71

Aikman7981

Is not impressed...

Joined: Aug 2008

Location: Dubai

Posts: 258

Re: For the financial experts (and the rest of you too): Dubai defaults on debt (sort

Quote:

Originally Posted by typical

I'm sure that's what they said in Sharjah...

Ok, I'm the idiot... what happened in Sharjah?

Nov 29th 2009, 6:56 pm

#72

IndieG

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Re: For the financial experts (and the rest of you too): Dubai defaults on debt (sort

This is excellent news

http://www.bloomberg.com/apps/news?p...T4TXyAw8&pos=1

Nov 29th 2009, 7:28 pm

#73

Hello.Kitty

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Re: For the financial experts (and the rest of you too): Dubai defaults on debt (sort

Quote:

Originally Posted by Autonomy

Also in The National -

Dubai World could still meet the December 14 deadline on the US$4 billion (Dh14.69bn) payment of a sukuk from Nakheel under one option being considered by advisers to the conglomerate.

Repayment on schedule is one of four alternatives being considered by Dubai World

http://www.thenational.ae/apps/pbcs....NESS/711289904

they're even more moronic than I thought if it was always an option to pay on time... what did they think they were playing at (if they had the money to pay)?! Testing the market to see if they could get away with deferring?!

Honestly... if that is really the case, then these chaps have no idea.

Nov 30th 2009, 12:40 am

#74

TA5

Banned (Always Correct)

Joined: Aug 2004

Posts: 941

Re: For the financial experts (and the rest of you too): Dubai defaults on debt (sort

Quote:

Originally Posted by expat.brat

There was nothing intelligent behind any of his predictions. They were just ramblings from a bitter 20something year old Yank that came to Dubai and struggled to make friends.

hahahaahahahaha! You are probably one of the losers who bought property and bragged to everyone about how smart you were.

Ps. I had plenty of friends in dubai. Still have them (although they were of the more intelligent type than people like you and got out before the shit hit the fan).

Nov 30th 2009, 2:48 am

#75

Blue Cat

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Re: For the financial experts (and the rest of you too): Dubai defaults on debt (sort

Quote:

Originally Posted by Aikman7981

Ok, I'm the idiot... what happened in Sharjah?

they went bust years ago and Saudi bailed them out, the other Emirates weren't interested as an Emirate it had nothing to offer them. That is why Sharjah is dry

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