the rich want to be near themoney the resources where they make their deals, oil is the onl comodity here, and its going away, it was a dumb developt to make inmiddle of nowhere, actually any huge developtment shoulme be made only in countrys that have car4fs in the future like china brazil india russia, thats why this failed in ireland, iceland spain and even here in my country portugal, if i bet in one place to put my money in would be china vietnam, brazil... its here the raw resources are
Dubai is a complete mess, gulfs arabs are the most stupid of all arabs .
Who made them think that westerners would go buy all these appartements on virtual islands in the middle of nowhere in a polluted sea.??
can u compare a mauritius, maldives or seychelles beach with dubai?? dubai model is a mess, instead of investing in green energy like solar energy, they made ugly, and empty hotels built under slave like conditions.
Let us make it plain to our Western banks. We are not going to let you gamble in Dubai with Gordon Brown and others covering your wild bets with money taken from us, for the benefit of sharp fly-by-nighters and the bed-sheet attired locals with guaranteed no-work jobs.
To illustrate how the banks failing have affected Ireland. Im a Ph.D student/researcher the cuts in my researcher education income grants are shocking. In 2007 I got from the Department of Education: $820 per month for living expense, $292 for accommodation, $740 for research materials and $120 for travel. This was a monthly income of $1,972. Today all of these university payments are gone except for $820 living expenses. So in effect over a $1,000 per month of my income is going to the bankers
What I cant understand is why the Arabs are even talking about default. Ireland (my country) and Iceland didnt even contemplate default. We the Irish taxpayers are forced to pay for companies that fail to the tune of 77 Billion euros or about 100 billion dollars in a country of only 4 million people. Are we been told the truth about how much they really owe and why are the Dubais taxpayers not on the hook as the Icelandic and Irelandic people are
I agree with the observations: (a) Dubai's failure will have severe impact on the UAE and that oil-rich Abu Dhabi will bail it out if necessary, (b) Dubai has become a global "brand" that will continue to attract tourists, businesses, and investors in future, (c) Dubai overstretched itself in real-estate over the past few years and needs to retrench in this sector, and (d) Dubai will fail only if "globalization" is scrapped in favor of protectionism, capital controls, and closed borders.
only a fool builds his house upon the sand
evergonge 10 months ago
the rich want to be near themoney the resources where they make their deals, oil is the onl comodity here, and its going away, it was a dumb developt to make inmiddle of nowhere, actually any huge developtment shoulme be made only in countrys that have car4fs in the future like china brazil india russia, thats why this failed in ireland, iceland spain and even here in my country portugal, if i bet in one place to put my money in would be china vietnam, brazil... its here the raw resources are
badsign1980 1 year ago
Dubai is a complete mess, gulfs arabs are the most stupid of all arabs .
Who made them think that westerners would go buy all these appartements on virtual islands in the middle of nowhere in a polluted sea.??
can u compare a mauritius, maldives or seychelles beach with dubai?? dubai model is a mess, instead of investing in green energy like solar energy, they made ugly, and empty hotels built under slave like conditions.
PoseidonHermes 1 year ago
this was totaly stupid
datzfast 1 year ago
Well, Dubai or Western banks. to me all will go to hell. The globalization is "the end of the world". never will work.
Hermann759 1 year ago
Let us make it plain to our Western banks. We are not going to let you gamble in Dubai with Gordon Brown and others covering your wild bets with money taken from us, for the benefit of sharp fly-by-nighters and the bed-sheet attired locals with guaranteed no-work jobs.
StraightTalk2 2 years ago
To illustrate how the banks failing have affected Ireland. Im a Ph.D student/researcher the cuts in my researcher education income grants are shocking. In 2007 I got from the Department of Education: $820 per month for living expense, $292 for accommodation, $740 for research materials and $120 for travel. This was a monthly income of $1,972. Today all of these university payments are gone except for $820 living expenses. So in effect over a $1,000 per month of my income is going to the bankers
thomasucc 2 years ago 2
haha lolo their be coming after your 820 to pay off the bankers for dubai
GoogleGas 2 years ago
What I cant understand is why the Arabs are even talking about default. Ireland (my country) and Iceland didnt even contemplate default. We the Irish taxpayers are forced to pay for companies that fail to the tune of 77 Billion euros or about 100 billion dollars in a country of only 4 million people. Are we been told the truth about how much they really owe and why are the Dubais taxpayers not on the hook as the Icelandic and Irelandic people are
thomasucc 2 years ago
I agree with the observations: (a) Dubai's failure will have severe impact on the UAE and that oil-rich Abu Dhabi will bail it out if necessary, (b) Dubai has become a global "brand" that will continue to attract tourists, businesses, and investors in future, (c) Dubai overstretched itself in real-estate over the past few years and needs to retrench in this sector, and (d) Dubai will fail only if "globalization" is scrapped in favor of protectionism, capital controls, and closed borders.
-Kashif
KashifHKhan 3 years ago