Abu Dhabi bucking economic downturn - 24 Sep 08

[RylycyXohahet]

these backdoor babes are unreal watch tiny(dot)cc/mygfsucksyou

[jigglyfidda125]

two of the 9/11 hijackers were from UAE, abu dhabi and dubai

[aikido776]

Our (The US's) grip is getting weaker not just because of war, but because of ridiculously stupid government spending, management, etc. We would of entered recession even if we didn't have this war. It's obviously speeding it up and making it worse though.

[bluesbegedel]

The American grip is getting weaker & weaker because of war. Meanwhile tiny country like UAE takes the opportunity to control their landmarks. very ironic.

[TOMERICO1]

This is where our oil money goes and all the ignorants here do is bad mouth jews. EVERY jew is a zionist and a zionist simply means a person that believe the home of the jews is ISRAEL.

[zappaelcrappa]

1:03 was that Ringo Star?

[freedomfighterone]

They shouldn't go private, because if they do, they will be taken over by the Zionist Illuminati criminals. That is the reason why America is going down today.

[GuyInvincible111]

It would be helpful if the Gulf states changed the relationship with the rest of the Islamic world. At present, much of the money is invested in the west, or in emerging economies in Asia. It bypasses poor Muslim economies that could actually post good returns on investment.

[PauloGVieira]

I hate to admit it but I would not be investing in Islamic countries other than Malaysia, Indonesia and the Arab Gulf.

[GuyInvincible111]

PauloGVieira: what do you believe are the barriers to these economies being successful? Here in Canada we have many successful entrepreneurs who came from Morocco, Egypt, Lebanon, Iran and Turkey. At some point I made the assumption that the assumption that there existed a lot of unused potential in these countries.

[GuyInvincible111]

"made the assumption that the assumption"

typo, apologies

[PauloGVieira]

Human capital and government regulation.

These entrepreneurs that are from Morocco et al. Are they new entrepreneurs ie. last 10 years or so? I didnt think so, many have business relations that have evolved from currying favour with the central government.

[fdama]

Who the hell would want invest in other Islamic countries which are either extremely corrupt and dictatorial like Egypt, Jordan, Bangladesh and Morroco or engaged in wars and are unstable like Somalia, Afghanistan, Sudan and Pakistan.

[PauloGVieira]

You do realise that Sudan and Jordan have enjoyed huge levels of foreign investment over the last few years.

[scarab08]

europe would and is investing in egypt, jordan and morocco. also, i think in 50 years iraq could become westernised after this war. this is my opinion though.

[FakieSk8er67]

Fail XD

[Type59]

Most of the money they are making is unspent. One estimate a few years ago said they were spending less then 40 percent of oil money. Plus they are investing more regional and other non western markets. However the west is the largest market thus they cannot neglect this place. Plus investment in "poor muslim economies" do not grab media attention thus we do not hear about majority of them, unless you read their govt reports on FDI.

[GuyInvincible111]

Type59: do you mean that 60% of that money is not even being invested? That's not very efficient.

[Type59]

Its important to invest wisely and they have too much cash but they do not know where to park it. But the 60 percent is in banks. Norway, Russia and Kuwait have oil stabilisation funds money tooked away for when oil runs. Their money is earning interest. Note of caution my figure is few years old plus economists can get things wrong. Like I said before only high profile spending is covered by mainstream media.

[fitnaresponses]

wow !!

[PauloGVieira]

The nouveau riche of the Arab Gulf make me laugh! Fast forward 20 years and the UAE is going to be a big white elephant.

[NoMatch2Me]

the nouveauX richeS? nouveau really?...get the fuck off

[PauloGVieira]

Bravo! Did it take you all day to think of that response?

[Type59]

Only took him one hour or less. What do you base your opinion on? Abu Dubai and other gulf nations have huge oil and gas reserves that will last more then 20 years. I think you need to do independent research by reading business magazines and other non mainstream sources. I suspect you wont and continue to base views on nothing credible.

[PauloGVieira]

In 20 years? You're assuming that the energy market will not change at all during this time and you know this is a false assumption to make, 7 EU countries now get 1/3 of their energy from renewable national sources and its rising.

Environmental sustainability is a big key for the Gulf ie. complete disregard for the environment in major developments.

Yes read business magazines.....based on the market being as it is now in 20 years time????

[Type59]

What I am saying is Oil and gas will continue to be important in 20 years time. As a porportion; it would be reduced in terms of percentage but abolute terms oil and gas use will rise. Environment sustainablilty has been neglected when EU was developing, why will it damage Gulf States development? Lastly accoring to business magazines the Gulf is diversifying; private sector is growing faster then public sector. Qatar has American style universities. Money is better spent now compared to 70s

[sososayma]

Haters! Long live UAE !!