View Poll Results: How is it for you?
Awesome, we're making hay while the sun shines 360 days a year
5
9.80%
One wasp or two in the lager but going good
8
15.69%
Slowing but surviving
17
33.33%
Slowing and struggling
11
21.57%
Not quite suicidal yet
4
7.84%
I've nothing to do
5
9.80%
I've already dumped the 4x4 at the airport
1
1.96%
Voters: 51. You may not vote on this poll

How is business?

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Old May 22nd 2016, 7:45 am
  #406  
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Default Re: How is business?

This ramzan is expected to be bloody for a lot of us in IT
small dealers running away every 2 weeks is normal now but there is a large IT firm with an outstanding above 40 million dizzers to the distis who hasnt paid anyone in the past 2 months which probably will go this summer
most of its exports were west of the border here, isnt that a surprise
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Old May 22nd 2016, 8:58 am
  #407  
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Default Re: How is business?

Originally Posted by Irishbeekeeper
This ramzan is expected to be bloody for a lot of us in IT
small dealers running away every 2 weeks is normal now but there is a large IT firm with an outstanding above 40 million dizzers to the distis who hasnt paid anyone in the past 2 months which probably will go this summer
most of its exports were west of the border here, isnt that a surprise
I'm sure they'll be willing to give an IOU.
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Old May 22nd 2016, 9:09 am
  #408  
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Default Re: How is business?

Originally Posted by Bahtatboy
I'm sure they'll be willing to give an IOU.
Not sure if you are joking or not, but the saudi government is considering doing that to the contractors.

The IOUs can then be converted into yielding instruments at the banks.

http://www.bloomberg.com/news/articl...tors-with-ious

Last edited by Millhouse; May 22nd 2016 at 9:20 am.
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Old May 22nd 2016, 10:31 am
  #409  
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Default Re: How is business?

Originally Posted by Millhouse
Not sure if you are joking or not, but the saudi government is considering doing that to the contractors.

The IOUs can then be converted into yielding instruments at the banks.

Saudi Arabia Considers Paying Contractors With IOUs - Bloomberg
That's what I was referring to. I'm sure auditors would value them fully on a balance sheet.
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Old Jun 13th 2016, 7:07 am
  #410  
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Default Re: How is business?

Dubai Rents Plunge Most Since 2014 as Jobs Dry Up From Oil Rout - Bloomberg
residential rents in Dubai, where the majority of the population is foreign, declined the most on a monthly basis since the property peak of two years ago, according to Phidar Advisory.
“Landlords are finding it more difficult to rent homes, especially larger and more expensive ones,” Jesse Downs, managing director at Phidar, an advisory firm specializing in real estate, said in a phone interview Sunday. That is mostly due to “recent job losses and a decline in job growth rates.”
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Old Jun 13th 2016, 7:10 am
  #411  
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Default Re: How is business?

After the dust clears over the summer, it will be interesting to see who is left. Our compound has dropped to the lowest rent i've known it in over 8 years.
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Old Jun 13th 2016, 7:12 am
  #412  
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Default Re: How is business?

Originally Posted by al dente
After the dust clears over the summer, it will be interesting to see who is left. Our compound has dropped to the lowest rent i've known it in over 8 years.
I do wonder who will be left after the summer.

I've just been offered a cheap Porsche
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Old Jun 13th 2016, 7:15 am
  #413  
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Default Re: How is business?

Originally Posted by Millhouse
I do wonder who will be left after the summer.

I've just been offered a cheap Porsche
911 or Cayman good, Panamera bad...
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Old Jun 13th 2016, 7:19 am
  #414  
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Default Re: How is business?

Originally Posted by Bahtatboy
911 or Cayman good, Panamera bad...
a shitty boxster - who wants to admit that kind of failure.
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Old Jun 13th 2016, 7:27 am
  #415  
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Default Re: How is business?

Originally Posted by al dente
After the dust clears over the summer, it will be interesting to see who is left. Our compound has dropped to the lowest rent i've known it in over 8 years.
Where are you living in Abu?

My rent stayed the same...
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Old Jun 13th 2016, 8:07 am
  #416  
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Default Re: How is business?

Originally Posted by Millhouse
a shitty boxster - who wants to admit that kind of failure.
Unless its the new model, which is basically a Cayman convertible. Different kettle of Flügelbutt from the old one.
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Old Jun 13th 2016, 8:19 am
  #417  
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Default Re: How is business?

Originally Posted by Bahtatboy
Unless its the new model, which is basically a Cayman convertible. Different kettle of Flügelbutt from the old one.
It's a new one - I didn't realise they had done a big update.

Still keeping the Datsun though.
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Old Jun 13th 2016, 8:23 am
  #418  
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Default Re: How is business?

Rents seem to have barely budged in Marina/Greens/Downtown.

Not that it matters. I've just been given the marching orders to Doha

Either I find a new job pronto or it's Dohell come August
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Old Jun 13th 2016, 8:27 am
  #419  
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Default Re: How is business?

Originally Posted by iggle
Where are you living in Abu?

My rent stayed the same...
Centre of island,large compound. The inside houses have dropped from 320,000 last year to 300k.
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Old Jun 13th 2016, 8:28 am
  #420  
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Default Re: How is business?

Originally Posted by DXBtoDOH
Rents seem to have barely budged in Marina/Greens/Downtown.

Not that it matters. I've just been given the marching orders to Doha

Either I find a new job pronto or it's Dohell come August
Argh. That is brutal.
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