tag:blogger.com,1999:blog-6283845125208268798.post2491128365705258801..comments2024-03-27T11:21:40.742+04:00Comments on Muscat Confidential: Dubai in Denial over debt problems - how unusualUndercover Dragonhttp://www.blogger.com/profile/10577931944980469254noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-6283845125208268798.post-31731940592318837562009-12-08T16:54:27.748+04:002009-12-08T16:54:27.748+04:00JC
Apologies. Missed it. Hard to stop them... imp...JC<br /><br />Apologies. Missed it. Hard to stop them... impressive rates of return though! Maybe Dubai World should give them a look - default might not have to happen afterall!!!Undercover Dragonhttps://www.blogger.com/profile/10577931944980469254noreply@blogger.comtag:blogger.com,1999:blog-6283845125208268798.post-18982582314261886412009-12-08T11:36:07.025+04:002009-12-08T11:36:07.025+04:00UD,
Since when your blog has become and ad site fo...UD,<br />Since when your blog has become and ad site for ponzis?justcurioushttps://www.blogger.com/profile/13345043885592130134noreply@blogger.comtag:blogger.com,1999:blog-6283845125208268798.post-82195748324047670832009-12-07T10:04:25.386+04:002009-12-07T10:04:25.386+04:00As Abdulla said the tremors will be felt in Oman a...As Abdulla said the tremors will be felt in Oman as well.<br />Banks’ exposure<br />Oman’s two leading lenders — Bank Muscat and National Bank of Oman —on Sunday said they have a total exposure of over$ 72 million to the Dubai World group. <br /><br />In separate regulatory filings Bank Muscat and National Bank of Oman said they have an exposure of RO 19.25 million ($ 50 million) and RO 8.7 million ($22.59 million) to Dubai World Group as part of a syndicated loan.justcurioushttps://www.blogger.com/profile/13345043885592130134noreply@blogger.comtag:blogger.com,1999:blog-6283845125208268798.post-52641497608043243532009-12-07T10:01:15.350+04:002009-12-07T10:01:15.350+04:00It seems there will be more tremors from Dubai.
...It seems there will be more tremors from Dubai. <br />After Dubai World, is it Dubai Holding’s turn next?<br />London: Dec 5, Press Trust of India:<br /><br />The emirate’s ruler’s personal investment vehicle Dubai Holding might be the next state-owned Dubai company after Dubai World to default, media report says.<br /><br />http://www.deccanherald.com/content/39838/after-dubai-world-dubai-holdings.htmljustcurioushttps://www.blogger.com/profile/13345043885592130134noreply@blogger.comtag:blogger.com,1999:blog-6283845125208268798.post-64727450643921318802009-12-07T08:05:21.710+04:002009-12-07T08:05:21.710+04:00And in news closer to home-
Oman Banks Dubai Worl...And in news closer to home-<br /><br />Oman Banks Dubai World Exposure Reaches $77 Million<br />ABC News<br />By Rania Oteify and Jason Benham DUBAI (Reuters) - Oman's top banks said on<br />Sunday they had a total exposure of $77 million to troubled conglomerate<br />Dubai ...<br /><br />But<br /><br />Oman sees no need for bank provisions over Dubai<br />Reuters India<br />DUBAI (Reuters) - Oman's central bank governor said on Sunday there was no<br />need to require local banks to book provisions for exposure to Dubai World<br />debt ...<br /><br />= DENIALAbdullahhttps://www.blogger.com/profile/17596118994410731450noreply@blogger.comtag:blogger.com,1999:blog-6283845125208268798.post-9481175135928469412009-12-07T04:50:24.746+04:002009-12-07T04:50:24.746+04:00I think everybody is missing the point about Dubai...I think everybody is missing the point about Dubai. The crash (or at least the unfettered buildup that preceded it) was intentional. The Maktoums want to build a large, modern city full of expat workers and businesses for the Dubai Emiratis to live off. They have succeeded. Their aim was never to provide a cushion of perpetual stability to foreign workers....it was to buy their services at the best possible rate in order to build their city as quickly as possible. Which they did. There may be a dip over the next few years, but the infrastructure is built, the accommodation is there, prices will come down (relative to the rest of the world) and business will continue. Indeed, Dubai's future marketability as a business destination hinged on the quantity of city built during the boom years. Those who laugh at Dubai for losing 70% of their property values just don't get it - the property values can only go down if they have risen high in the first place, and cheap property means low business costs. The islands of The World will be used for housing or hotels, no matter what the fortunes of Nakheel - they're there now, and no matter what numbers are written on pieces of paper that anyone waves about,they're not about to go away. Someone will use them.<br /><br />AFAICS the only real fly in Mr Dubaian's soup is probably building standards. The city may not last as long as they hope....literally...Blewynhttps://www.blogger.com/profile/18436858190541109045noreply@blogger.comtag:blogger.com,1999:blog-6283845125208268798.post-4477627750734361202009-12-06T23:25:16.016+04:002009-12-06T23:25:16.016+04:00http://www.time.com/time/cartoonsoftheweek/0,29489...http://www.time.com/time/cartoonsoftheweek/0,29489,1945635,00.htmlThe other Dayhttps://www.blogger.com/profile/14274721857195089810noreply@blogger.comtag:blogger.com,1999:blog-6283845125208268798.post-80156925411213815682009-12-06T21:47:10.767+04:002009-12-06T21:47:10.767+04:00We all saw (or at least could see) this coming. Wh...We all saw (or at least could see) this coming. What goes up, must come down. The reactions in this region, especially from Dubai, are indeed very typical for this part of the world. Complete rejection of any critisism, combined with blind denial, and of course the usual blaming of everybody and everything else. Well, I guess we could all see that coming too. Same goes for all those big banks, contractors, investors, companies, etc. which are now complaining and protesting because they might never get their money (back). No use blaming Dubai, as it is all simply caused by their own poor judgement / management and, mainly, by pure greed. Love makes blind. Greed apparently too.Unknownhttps://www.blogger.com/profile/11255748830449995015noreply@blogger.comtag:blogger.com,1999:blog-6283845125208268798.post-12116261960139686492009-12-06T20:28:35.577+04:002009-12-06T20:28:35.577+04:00By the way, I still like the Gulf as you said, I l...By the way, I still like the Gulf as you said, I like it because the exposure to many cultures, languages, faiths, and mostly how people behave differently than their own culture which is the most interesting lessons that you never learn in colleges.<br /><br />Even in New York, San Francisco or United Nation itself as people there are different class of people to socialize with all as in the Gulf with the richest to the poorest, highly educated to illiterate. Interesting world.magicvowelhttps://www.blogger.com/profile/14855643216085850992noreply@blogger.comtag:blogger.com,1999:blog-6283845125208268798.post-59928905425814505622009-12-06T20:28:03.998+04:002009-12-06T20:28:03.998+04:00Denial.. hmm, no wonder! "But the Arab man do...Denial.. hmm, no wonder! "But the Arab man does not accept taking any roles but the heroic ones." Majda Al-Roomi says in her song "Be my Friend." <br /><br />Not being sentimental, but... poor Dubai! I just hope things get better there!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6283845125208268798.post-47364092617359382182009-12-06T20:21:24.752+04:002009-12-06T20:21:24.752+04:00I might have another issue which I should post on ...I might have another issue which I should post on the previous one, but mentioning Israel as always unfortunately the Arab nations in my and many others opinions THEY are all budgeting on the Palestinian issue.<br /><br />So, for any reporter that you think he/she is really having the journalistic ethics which is hardly exist today.<br /><br />I would like you to read this article from last month:<br />http://tinyurl.com/y9ehp9n<br /><br />It is at the www.zawya.com/ under: Kuwait calls for elimination of racism, discrimination<br />If you read the last two paragraphs, for God sake why they have to shift the subject from their own (the Kuwaiti) slavery and human rights to Israel and the Palestinians.<br /><br />Today Palestinians have legitimate government that speaks for them. Besides, I like the world to know when Kuwait was applauded for supporting the Palestinians, in some way yes but they deserved such for their efforts’ in building Kuwait system since the 1939-40 when they have their water transported on the donkeys.<br /><br />And in the 1960-70 were enforced deduction of 10 or 15 or 25% from each Palestinian salary to support the education for their kids. You can imagine in one house hold of four people two educators, two engineers about the least KD 75-100 wasn’t bad money 35 years ago.<br /><br />Kuwait and the Gulf never cared for Palestinians as much used their intelligence as they are smart and loyal. Each nation in the Arab world took advantage of such.<br />I prefer that Israel rules the regions in the light of stopping any one killing of an innocent child. <br /><br />Well, before I get some illiterate angry people, Islam says everyone should get to have its turn. We had ours to Spain once.I’m not defending Zionist as much as I’m showing that the Gulf regions are not that better and might be all the money lost here and there in Israeli banks - the untouchable.<br /> <br />By the way UD, did you notice this which it is interesting? When you try to find the article you mentioned.<br /><br />“here is a problem in displaying the selected Page. This has been reported to the site administrator. Please visit later. ...<br />www.timesofoman.com/newsdetails.asp “<br /><br />After opening the link:<br />In red:<br />There is a problem in displaying the selected Page. This has been reported to the site administrator. Please visit later...<br /><br />And Oman is open to free journalism…..I like best of your comments:<br />"But talk about a bad case of denial." I will add CASES.magicvowelhttps://www.blogger.com/profile/14855643216085850992noreply@blogger.com