Could it happen here?
May 7th 2010, 7:19 pm
#46
Lost in BE Cyberspace
Joined: Apr 2009
Posts: 7,749
Re: Could it happen here?
The United Arab Emirates
United Arab Emirates boasts one of the world’s fastest-growing economies. The UK’s Guardian calls it the home of the “Arabian Dream,” the world’s new version of the American dream.
The UAE’s international problems revolve more around money laundering than the US financial crisis which must be a good sign.
Jim
United Arab Emirates boasts one of the world’s fastest-growing economies. The UK’s Guardian calls it the home of the “Arabian Dream,” the world’s new version of the American dream.
The UAE’s international problems revolve more around money laundering than the US financial crisis which must be a good sign.
Jim
Your right in that Dubai was built on criminal money, but they are really struggling at the minute to finish off their building, including the rediculous "The world" private island resort.
I repeat, China! Seriously - they are looking for people with skills from the West, pay well and have it is relatively cheap to live in the cities there.
May 7th 2010, 7:30 pm
#47
On the road again.
Thread Starter
Joined: Aug 2008
Location: On Top of the World
Posts: 17,507
Re: Could it happen here?
You've not been following Dubai's problems over the past few years then?
Your right in that Dubai was built on criminal money, but they are really struggling at the minute to finish off their building, including the rediculous "The world" private island resort.
I repeat, China! Seriously - they are looking for people with skills from the West, pay well and have it is relatively cheap to live in the cities there.
Your right in that Dubai was built on criminal money, but they are really struggling at the minute to finish off their building, including the rediculous "The world" private island resort.
I repeat, China! Seriously - they are looking for people with skills from the West, pay well and have it is relatively cheap to live in the cities there.
Apparently they made a bit of a c0ck up with the sewerage arrangements and the fowl stuff is coming back to haunt them, by floating straight back up onto their lovely new beaches,.....nice..eh what?..
Think I'll stick to Blackpool.
May 7th 2010, 7:32 pm
#48
Lost in BE Cyberspace
Joined: Jan 2009
Posts: 5,368
Re: Could it happen here?
Never thought I'd agree with CM, but yes, it would seem the party is almost over in Dubai, Abu Dhabi has already come to try and rescue them by pumping billions into the place.
May 7th 2010, 8:09 pm
#49
BE Enthusiast
Joined: Oct 2006
Posts: 443
Re: Could it happen here?
Abu Dhabi, which also controls the UAE's presidency, has directly and indirectly provided Dubai with $25 billion over the past year, mostly by buying Dubai bonds. Which has caused stock markets in both Emirates to soar.
So you pays your money and you takes your chance.
Jim
May 7th 2010, 9:37 pm
#51
BE Enthusiast
Joined: Oct 2006
Posts: 443
Re: Could it happen here?
2009 Population of Dubai 1.6 Million
2009 Non Dubai Population 4.4 Million
I didn't say the Dubai population was insignificant I merely pointed out that Abu Dhabi was the richest Emirate and was, to an extent, supporting Dubai. If anything I should be taken to task for ignoring the remaining 50 per cent of the population.
The population of Dubai grew by 7.32 per cent in 2009 to reach 1,770,978, the Dubai Statistics Centre (DSC) has revealed.
This contradicts the widespread belief that the construction slowdown led to a fall in the level of population growth. A DSC official said the growth rate had remained steady over the past few years so perhaps its not so bad as some of us would like to think.
Jim
Last edited by Bigger Jim; May 7th 2010 at 9:49 pm.
May 7th 2010, 10:04 pm
#52
Banned
Joined: Dec 2006
Location: Living in a good place
Posts: 8,824
Re: Could it happen here?
At the risk of sounding like Cricketman I have friends who have handed their keys back to the bank and left. (Dubai) The place is a train crash. I have been there last year. The Islands are being reclaimed by the sea and the expensive villas are poorly built and crumbling. Jobs too. It is too hot in summer to do anything but go from one air-con building to another. Wine about 8-10 euro per glass and the gear in the shopping malls is more expensive than London.
May 7th 2010, 10:14 pm
#53
HOODIE
Joined: Feb 2010
Location: The Woolpack
Posts: 536
Re: Could it happen here?
2009 Population of UAE 6 Million
2009 Population of Dubai 1.6 Million
2009 Non Dubai Population 4.4 Million
I didn't say the Dubai population was insignificant I merely pointed out that Abu Dhabi was the richest Emirate and was, to an extent, supporting Dubai. If anything I should be taken to task for ignoring the remaining 50 per cent of the population.
The population of Dubai grew by 7.32 per cent in 2009 to reach 1,770,978, the Dubai Statistics Centre (DSC) has revealed.
This contradicts the widespread belief that the construction slowdown led to a fall in the level of population growth. A DSC official said the growth rate had remained steady over the past few years so perhaps its not so bad as some of us would like to think.
Jim
2009 Population of Dubai 1.6 Million
2009 Non Dubai Population 4.4 Million
I didn't say the Dubai population was insignificant I merely pointed out that Abu Dhabi was the richest Emirate and was, to an extent, supporting Dubai. If anything I should be taken to task for ignoring the remaining 50 per cent of the population.
The population of Dubai grew by 7.32 per cent in 2009 to reach 1,770,978, the Dubai Statistics Centre (DSC) has revealed.
This contradicts the widespread belief that the construction slowdown led to a fall in the level of population growth. A DSC official said the growth rate had remained steady over the past few years so perhaps its not so bad as some of us would like to think.
Jim
May 7th 2010, 10:42 pm
#56
HOODIE
Joined: Feb 2010
Location: The Woolpack
Posts: 536
Re: Could it happen here?
If you are not already, once you become time qualified you can take Spanish citizenship , problem over!
May 8th 2010, 6:54 am
#57
Straw Man.
Joined: Aug 2006
Location: That, there, that's not my post count... nothing to see here, move along.
Posts: 46,302
Re: Could it happen here?
As someone who still has family in Dubai I can honestly say that while a big bubble has burst there is still a lot of wealth in Dubai and money to be made. It was never going to be a huge fall, they couldn't allow that to happen and we all have to remember that there are a lot of politics to play in the UAE and a hell of a lot of one upmanship....
May 8th 2010, 9:52 am
#58
Forum Regular
Joined: Jun 2009
Posts: 129
Re: Could it happen here?
Pointless nit picking is one of the classic loser signs, along with the inability to stand correction when wrong. The desire to put other's down, not being happy in ones location, (he appears to hate Spain & the Spanish), are all signs of an insecure individual !
As for not being as clever or rich, I'm far smarter than he will ever be. He has a complete inability to interprete what people are trying to say in their posts, and starts pointless arguments as a consequence. In terms of wealth, well, discussing that or being showy just shows a lack of breeding, and very likely an empty wallet !
Old English saying ; "An empty vessel makes the most noise"
Anyway he's in the troll pen, (ignore list), now, so won't be hearing from him again !
May 8th 2010, 11:23 am
#59
HOODIE
Joined: Feb 2010
Location: The Woolpack
Posts: 536
Re: Could it happen here?
Mainly because he's not what he claims to be ! The spelling mistakes he refered to were in fact typo's, not actual spelling mistakes !
Pointless nit picking is one of the classic loser signs, along with the inability to stand correction when wrong. The desire to put other's down, not being happy in ones location, (he appears to hate Spain & the Spanish), are all signs of an insecure individual !
As for not being as clever or rich, I'm far smarter than he will ever be. He has a complete inability to interprete what people are trying to say in their posts, and starts pointless arguments as a consequence. In terms of wealth, well, discussing that or being showy just shows a lack of breeding, and very likely an empty wallet !
Old English saying ; "An empty vessel makes the most noise"
Anyway he's in the troll pen, (ignore list), now, so won't be hearing from him again !
Pointless nit picking is one of the classic loser signs, along with the inability to stand correction when wrong. The desire to put other's down, not being happy in ones location, (he appears to hate Spain & the Spanish), are all signs of an insecure individual !
As for not being as clever or rich, I'm far smarter than he will ever be. He has a complete inability to interprete what people are trying to say in their posts, and starts pointless arguments as a consequence. In terms of wealth, well, discussing that or being showy just shows a lack of breeding, and very likely an empty wallet !
Old English saying ; "An empty vessel makes the most noise"
Anyway he's in the troll pen, (ignore list), now, so won't be hearing from him again !
Excellent news, and an excellent statement. Well said.
May 8th 2010, 12:00 pm
#60
Banned
Joined: Dec 2006
Location: Living in a good place
Posts: 8,824
Re: Could it happen here?
How old are the last two posters...14?