Re: How is business?
 

Interesting tales.
I might be in the market for a nice set of wheels in the next few months. Sounds like I need to hang on to the rented junk heap a couple more months and try to squeeze a better monthly allowance in its place.
Want to find me a nice C class :thumbsup:

Re: How is business?
 

Ooof...

Saudi builder Binladin said to slash 50,000 jobs - Construction - ArabianBusiness.com

Re: How is business?
 

Tough times indeed.


Dubai property prices slump by most in five years in Q1 - ArabianBusiness.com

Re: How is business?
 

Can someone explain to me in simple terms, what the hell is happening.

I understand oil prices are going down. Why? USA reliant on internal Fracking / Canada Sand. When will oil prices go back up, when will things get sorted.

Do we need another war?

Re: How is business?
 

In extremely simple terms? There is no cash. No one has it anymore.
In large sums that is. Case in point :

Buses set ablaze by angry workers in Makkah | GulfNews.com

and there are already two wars going on in the middle east, I dont think another war really is the answer but when did mankind ever listen to its own history! Burn it all I say!

Re: How is business?
 

Soo...print more cash :eek:

It'll be like 1929 all over again.

Re: How is business?
 

There is money for some things.

I received a press release about Dar al Ber Society yesterday. They have spent over AED 88 million on printing over 6,00 copies of the Quran, distributing it and other related activities in recent years. In addition, "The Islamic Information Centre under the Dar Al Ber Society has also helped 24,913,000 male and female residents of different nationalities convert to Islam since its foundation in 1993"

Imagine how much good that money could have done. How many genuinely suffering people it could have helped.

I am not singling out Islam here. This applies to all religions. Consider how rich the Catholic Church is. A bit off topic but I really think that the human race has its priorities all wrong in so many cases. And please, no more wars. There are enough happening right now. :(

Re: How is business?
 

Think a lot of the current problem is down to the Saudi / Iran (Sunni / Shia )power struggle. Saudis don't want to cut production if Iran won't follow suit and and the Iranians don't want to cut production to help out the Saudis.

Nigeria has started to pick up a little over the last month.

Re: How is business?
 

Saudis cant just print money without abandoning the currency peg.


If ever they do that - gooooooodbyeeeeeee :scarper:

Re: How is business?
 

The Saudi government has cancelled and cut projects with Bin Ladin after the infamous Makkah crane accident

Mecca crane collapse: Saudi king sanctions Binladin group | World news | The Guardian

In a way local governments cutting ties with the well connected is a sign of professionalisation and that everyone is accountable.

Re: How is business?
 

They have made a bit of a name for themselves with tall steel structures.

Re: How is business?
 

So...How is Business for everyone? anyone have an update? Have we hit Rock Bottom yet?

Re: How is business?
 

We're doing all right. Qatar is saving our neck.

Your firm in the crapper?

Re: How is business?
 

No change since the start of this thread for me, but I know quite a few people leaving this summer once school finishes. Some have been consulting since backend of last year hoping to find something a bit more permanent, but times are hard for senior people (in IT anyway).

Re: How is business?
 

Actually they have won alot of work in UAE, they are hiring on mass. I think 2017 order book is nearly full.