DXBtoDOH

No shit, sherlock.

Oil prices crash below $27 a barrel - Feb. 11, 2016

Oil now under 27 a barrel.

Maxima

It is always hard to know how things are, particularly when opinion pieces with some blatantly inaccurate statements are presented as objective news reports5 reasons Dubai property prices aren't falling this time around - Emirates 24|7 Stable confidence: Despite oil prices slumping, consumer and corporate confidence has remained stable, with the country’s firms continuing to hire staff and expand their presence although no longer at a breakneck speed.
Realistic rentals: With no job-losses this time around, rentals have held much better despite new properties being added to the market on a regular basis.

Millhouse

I read this - total wishful thinking. Never trust a man with a woman's name.

DXBtoDOH

I remember all the government leaders and CEOs of property agencies who kept insisting everything was fine and rental prices would never crash in late 2008. Yep. Right. Got it. Definitely not happening this time.

Bahtatboy

Bollox. Carol Reed, Carroll Shelby, John Wayne, and Sue, to name but four.

Inselaffen

but that's for the American crap. Brent Crude has recovered a little and is now a touch over $33

co durham boy

Shirley Crabtree , Saturday afternoons weren't the same without him !

mikewot

Things are going down now. Friend of mine is manager of a big hotel, made redundant this morning. Cutting loads of staff.

norsk

Are they shutting up shop?
How can they make the manager redundant if they aren't? (in the true meaning of the word)

mikewot

There are 4 managers, because they work shifts, plus the GM. The remaining staff are required to work more hours to cover.

norsk

ah okay. that sucks. for everyone!

It's been a few weeks since I've heard of big culls now. Almost started thinking we had already hit rock bottom..

al dente

A ferrari, with bizarrely scatched out number plate was abandoned outside our house on Thrusday. The police came and took it yesterday. Apparently, the owner had 'moved to Dubai'. DOn't know if that was a euphamism.

Millhouse

don't forget you can switch them for cheaper ones too.

norsk

my point is that redundant typically means the role (or function) is no longer required

Bahtatboy

With the exception of mass culls, in my experience redundant is usually used for getting rid of someone whose face doesn't fit but the employer can't actually pin anything tangible on it. And then the position magically becomes necessary again 3 months later...