Go Back  British Expats > Living & Moving Abroad > Middle East > The Sand Pit
Reload this Page >

The National Business Section

The National Business Section

Old Nov 8th 2009, 8:49 am
  #1  
Thread Starter
 
rowell's Avatar
 
Joined: Jun 2008
Posts: 1,271
rowell has a reputation beyond reputerowell has a reputation beyond reputerowell has a reputation beyond reputerowell has a reputation beyond reputerowell has a reputation beyond reputerowell has a reputation beyond reputerowell has a reputation beyond reputerowell has a reputation beyond reputerowell has a reputation beyond reputerowell has a reputation beyond reputerowell has a reputation beyond repute
Default The National Business Section

Interesting reading on front page of National Business Section today about billions of dollars owed to Japanese Companies who built the Palms, Metro and Kelpinski, Arabian ranches to name a few, doesnt say how much is owed other than billions of dollars but names Nakheel, Limitless and RTA slso mentions Uk builders and consultants without naming them but goes onto say that the Japanese Government will attempt to intervene if necessary! Wonder if it will ever come out exactly how much debt Dubai appears to be in.
rowell is offline  
Old Nov 8th 2009, 10:10 am
  #2  
Concierge
 
Blue Cat's Avatar
 
Joined: Feb 2007
Posts: 29,625
Blue Cat has a reputation beyond reputeBlue Cat has a reputation beyond reputeBlue Cat has a reputation beyond reputeBlue Cat has a reputation beyond reputeBlue Cat has a reputation beyond reputeBlue Cat has a reputation beyond reputeBlue Cat has a reputation beyond reputeBlue Cat has a reputation beyond reputeBlue Cat has a reputation beyond reputeBlue Cat has a reputation beyond reputeBlue Cat has a reputation beyond repute
Default Re: The National Business Section

Originally Posted by rowell View Post
Interesting reading on front page of National Business Section today about billions of dollars owed to Japanese Companies who built the Palms, Metro and Kelpinski, Arabian ranches to name a few, doesnt say how much is owed other than billions of dollars but names Nakheel, Limitless and RTA slso mentions Uk builders and consultants without naming them but goes onto say that the Japanese Government will attempt to intervene if necessary! Wonder if it will ever come out exactly how much debt Dubai appears to be in.
I doubt we will ever find out how much debt there is in Dubai. I wish they would hurry up and pay the RTA though so that they can open the bridge at the Greens!
Blue Cat is offline  
Old Nov 8th 2009, 10:21 am
  #3  
Account Closed
 
Joined: Oct 2008
Posts: 2,502
Ethos83 is an unknown quantity at this point
Default Re: The National Business Section

That alone tells you how bad things really are in Dubai. It wasn't just developers on a borrowing binge but the DM too. Everything we see was apparently built on debt.

I have to wonder if there will be an admission of some type, or a one-off event, that will bring about an overnight collapse of confidence and suddenly Dubai's economy will plunge once again.



Originally Posted by rowell View Post
Interesting reading on front page of National Business Section today about billions of dollars owed to Japanese Companies who built the Palms, Metro and Kelpinski, Arabian ranches to name a few, doesnt say how much is owed other than billions of dollars but names Nakheel, Limitless and RTA slso mentions Uk builders and consultants without naming them but goes onto say that the Japanese Government will attempt to intervene if necessary! Wonder if it will ever come out exactly how much debt Dubai appears to be in.
Ethos83 is offline  
Old Nov 8th 2009, 6:13 pm
  #4  
why ayeeeee man!
 
Spugsy's Avatar
 
Joined: Jan 2008
Location: Disco Gardens...
Posts: 11,370
Spugsy has a reputation beyond reputeSpugsy has a reputation beyond reputeSpugsy has a reputation beyond reputeSpugsy has a reputation beyond reputeSpugsy has a reputation beyond reputeSpugsy has a reputation beyond reputeSpugsy has a reputation beyond reputeSpugsy has a reputation beyond reputeSpugsy has a reputation beyond reputeSpugsy has a reputation beyond reputeSpugsy has a reputation beyond repute
Default Re: The National Business Section

Originally Posted by rowell View Post
Interesting reading on front page of National Business Section today about billions of dollars owed to Japanese Companies who built the Palms, Metro and Kelpinski, Arabian ranches to name a few, doesnt say how much is owed other than billions of dollars but names Nakheel, Limitless and RTA slso mentions Uk builders and consultants without naming them but goes onto say that the Japanese Government will attempt to intervene if necessary! Wonder if it will ever come out exactly how much debt Dubai appears to be in.
Nakheel are a disgrace, they owe everyone and just never pay. The fûckers have our lamposts switched off at night to save money as well.
Spugsy is offline  
Old Nov 9th 2009, 11:54 am
  #5  
Gold-Helmeted Member
 
captainflack's Avatar
 
Joined: Dec 2004
Location: Setubal-ish
Posts: 603
captainflack has a reputation beyond reputecaptainflack has a reputation beyond reputecaptainflack has a reputation beyond reputecaptainflack has a reputation beyond reputecaptainflack has a reputation beyond reputecaptainflack has a reputation beyond reputecaptainflack has a reputation beyond reputecaptainflack has a reputation beyond reputecaptainflack has a reputation beyond reputecaptainflack has a reputation beyond reputecaptainflack has a reputation beyond repute
Default Re: The National Business Section

Originally Posted by Blue Cat View Post
I doubt we will ever find out how much debt there is in Dubai. I wish they would hurry up and pay the RTA though so that they can open the bridge at the Greens!
I called the RTA about that the other day - the guy went off and looked it up and called me back. He said it belongs to Internet City and they are responsible for it!

It does seem crazy to have a decent bridge ready for months, have the roads either side ready and just not open it. The conspiracy theorist in me says it's deliberately kept closed to maintain traffic jams because the big man at the top thinks it makes the place look busy.
captainflack is offline  
Old Nov 9th 2009, 2:47 pm
  #6  
Account Closed
 
Joined: Oct 2008
Posts: 2,502
Ethos83 is an unknown quantity at this point
Default Re: The National Business Section

Dubai is the one place where the conspiracy theories are probably true.

Originally Posted by captainflack View Post
I called the RTA about that the other day - the guy went off and looked it up and called me back. He said it belongs to Internet City and they are responsible for it!

It does seem crazy to have a decent bridge ready for months, have the roads either side ready and just not open it. The conspiracy theorist in me says it's deliberately kept closed to maintain traffic jams because the big man at the top thinks it makes the place look busy.
Ethos83 is offline  
Old Nov 9th 2009, 3:05 pm
  #7  
Go on.. Pull my finger..
 
TGFKASE's Avatar
 
Joined: Jul 2008
Location: Dubai
Posts: 5,688
TGFKASE has a reputation beyond reputeTGFKASE has a reputation beyond reputeTGFKASE has a reputation beyond reputeTGFKASE has a reputation beyond reputeTGFKASE has a reputation beyond reputeTGFKASE has a reputation beyond reputeTGFKASE has a reputation beyond reputeTGFKASE has a reputation beyond reputeTGFKASE has a reputation beyond reputeTGFKASE has a reputation beyond reputeTGFKASE has a reputation beyond repute
Default Re: The National Business Section

Originally Posted by Ethos83 View Post
Dubai is the one place where the conspiracy theories are probably true.
Well, thats one theory....
TGFKASE is offline  
Old Nov 10th 2009, 5:23 am
  #8  
If I have to explain...
 
Roadking's Avatar
 
Joined: Sep 2008
Location: Where ever the road takes me
Posts: 3,999
Roadking has a reputation beyond reputeRoadking has a reputation beyond reputeRoadking has a reputation beyond reputeRoadking has a reputation beyond reputeRoadking has a reputation beyond reputeRoadking has a reputation beyond reputeRoadking has a reputation beyond reputeRoadking has a reputation beyond reputeRoadking has a reputation beyond reputeRoadking has a reputation beyond reputeRoadking has a reputation beyond repute
Default Re: The National Business Section

Sheikh Mo has told you all to shut up! Not me, cause i never say anything bad!
Roadking is offline  
Old Nov 10th 2009, 12:36 pm
  #9  
Concierge
 
Blue Cat's Avatar
 
Joined: Feb 2007
Posts: 29,625
Blue Cat has a reputation beyond reputeBlue Cat has a reputation beyond reputeBlue Cat has a reputation beyond reputeBlue Cat has a reputation beyond reputeBlue Cat has a reputation beyond reputeBlue Cat has a reputation beyond reputeBlue Cat has a reputation beyond reputeBlue Cat has a reputation beyond reputeBlue Cat has a reputation beyond reputeBlue Cat has a reputation beyond reputeBlue Cat has a reputation beyond repute
Default Re: The National Business Section

Originally Posted by captainflack View Post
I called the RTA about that the other day - the guy went off and looked it up and called me back. He said it belongs to Internet City and they are responsible for it!

It does seem crazy to have a decent bridge ready for months, have the roads either side ready and just not open it. The conspiracy theorist in me says it's deliberately kept closed to maintain traffic jams because the big man at the top thinks it makes the place look busy.
it is ridiculous, I moved the barrier and drove over
Blue Cat is offline  
Old Nov 10th 2009, 3:58 pm
  #10  
BE Enthusiast
 
Joined: Dec 2008
Posts: 645
seraphnina is a glorious beacon of lightseraphnina is a glorious beacon of lightseraphnina is a glorious beacon of lightseraphnina is a glorious beacon of lightseraphnina is a glorious beacon of lightseraphnina is a glorious beacon of lightseraphnina is a glorious beacon of lightseraphnina is a glorious beacon of lightseraphnina is a glorious beacon of lightseraphnina is a glorious beacon of lightseraphnina is a glorious beacon of light
Default Re: The National Business Section

Originally Posted by Roadking View Post
Sheikh Mo has told you all to shut up! Not me, cause i never say anything bad!
Thats cause he told you to stop nagging.
seraphnina is offline  
Old Nov 11th 2009, 6:47 am
  #11  
Gold-Helmeted Member
 
captainflack's Avatar
 
Joined: Dec 2004
Location: Setubal-ish
Posts: 603
captainflack has a reputation beyond reputecaptainflack has a reputation beyond reputecaptainflack has a reputation beyond reputecaptainflack has a reputation beyond reputecaptainflack has a reputation beyond reputecaptainflack has a reputation beyond reputecaptainflack has a reputation beyond reputecaptainflack has a reputation beyond reputecaptainflack has a reputation beyond reputecaptainflack has a reputation beyond reputecaptainflack has a reputation beyond repute
Default Re: The National Business Section

I got a mail back from DIC, apparently the bridge is a TECOM project and will open in 4 days time.

I hope that is a real 4 days time, and not an 'every station of the metro will open on time' kind of time.
captainflack is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Contact Us Archive Advertising Cookie Policy Privacy Statement Terms of Service

Copyright © 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.