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olyana
post Dec 6 2009, 01:58 AM
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ianfcliffen
post Dec 6 2009, 02:02 AM
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QUOTE (Second Life @ Dec 5 2009, 08:27 PM) *
Yes but that is a very rich country. This might be a small dent for their economy but its nothing major in my opinion.



Dubai is not as rich as one would think. It is a bubble built on so much Hype.

The main problem as I mentioned is that the Al Nayhan family will dictate terms to the Al Makhtoum family. This means that Dubai will have to toe the line instead of leading the way. The liberal life style will be curtailed and the cream of the economic crop will be taken away - just see what happens with Emirates Airlines!

Ian


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ianfcliffen
post Dec 6 2009, 02:15 AM
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QUOTE (umbertino49 @ Dec 5 2009, 11:29 PM) *
Agreed.......The core of their economic and financial system is solid.Or else it wouldn't be one of the main financial centers in the whole world.



All Bank lending by NBD and Emirates Bank (Now Emirates NBD) has been stopped. Their mortgage centre closed down. 90% of building projects stopped with all workers re patriated.

The Dubai Airport being cleared of abandoned cars weekly - 2000 cars a week being auctioned off by loan companies.

Shk Zayed road - Dubai to Jebel Ali was 1 Hour in rush hour - now 15 minutes - due to the low level of traffic!

I could go on with this list.

Sadly Dubai will take years to recover! Don't mistake their bravado with the facts!
Ian


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umbertino49
post Dec 6 2009, 06:33 AM
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QUOTE (ianfcliffen @ Dec 6 2009, 11:15 AM) *
All Bank lending by NBD and Emirates Bank (Now Emirates NBD) has been stopped. Their mortgage centre closed down. 90% of building projects stopped with all workers re patriated.

The Dubai Airport being cleared of abandoned cars weekly - 2000 cars a week being auctioned off by loan companies.

Shk Zayed road - Dubai to Jebel Ali was 1 Hour in rush hour - now 15 minutes - due to the low level of traffic!

I could go on with this list.

Sadly Dubai will take years to recover! Don't mistake their bravado with the facts!
Ian

Ian, you do sound very expert ( certainly more than myself) on this subject. I basically only know what I read on papers and on the Net.....So I'll step back and listen......It would appear you lived there or at least visited a few times. Am I correct?
In your previous post you also mentioned Emirates Airlines. What about them? I have a female friend ( from Italy) who works for them and lives there ( when not flying) but her dad ( who calls her regularly) told me the situation is still ok. I recall she used to talk wonders about Dubai and also about her EA job......I'd appreciate if you could elaborate a bit. Thank you in advance.
PS.I always appreciate learning whenever I can so thank you for educating me on this specific (Dubai) issue. What you wrote is certainly shocking.

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vadimvx
post Dec 6 2009, 07:26 AM
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Date : 2009-06-12 08:57:09
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ianfcliffen
post Dec 6 2009, 07:46 AM
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QUOTE (umbertino49 @ Dec 6 2009, 02:33 PM) *
Ian, you do sound very expert ( certainly more than myself) on this subject. I basically only know what I read on papers and on the Net.....So I'll step back and listen......It would appear you lived there or at least visited a few times. Am I correct?
In your previous post you also mentioned Emirates Airlines. What about them? I have a female friend ( from Italy) who works for them and lives there ( when not flying) but her dad ( who calls her regularly) told me the situation is still ok. I recall she used to talk wonders about Dubai and also about her EA job......I'd appreciate if you could elaborate a bit. Thank you in advance.
PS.I always appreciate learning whenever I can so thank you for educating me on this specific (Dubai) issue. What you wrote is certainly shocking.



Hi,

Yes you are right it is a bit shocking. I have just returned from living in Dubai for 20 years.

Emirates Airline is 100% sound. Unfortunately it is such a success that Abu Dhabi want control. The current chairman is a Dubai Sheikh. If Abu Dhabi take control they will be able to dictate terms not only to the #1 flag ship company but also to the Dubai Sheikhs. A very sad state of affairs!

The Dubai Sheikhs are very forward thinking and have done great things for their Emirate. The freedom is fantastic and it is a truly beautiful place. Abu Dhabi is the capital and the true economic power.

Ian


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Second Life
post Dec 6 2009, 08:33 AM
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ianfcliffen I'm also very intrigued and interested to hear more. Feel free to continue or if you want open a topic in the discussion area and let us know smile.gif


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frabi
post Dec 6 2009, 08:39 AM
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QUOTE (umbertino49 @ Dec 4 2009, 09:23 AM) *
Frabi, plesase re-send it. I did not receive it. Thank you.

I meant that the answer which you sent to him was the same which I would give to him, so you sent him what I had in mind without sending him my answer, so to say you sent him my answer at my place...sorry for complication, sometimes I don#t get it simple blush.gif


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iskofer
post Dec 6 2009, 09:15 AM
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QUOTE
Dec 6th, 2009 $1.80 PTV Partner Withdrawal # 3406 (LR batch# 24185058)


Payment received.
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olyana
post Dec 6 2009, 09:59 AM
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Deposit:
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ianfcliffen
post Dec 6 2009, 11:04 AM
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QUOTE (Second Life @ Dec 6 2009, 04:33 PM) *
ianfcliffen I'm also very intrigued and interested to hear more. Feel free to continue or if you want open a topic in the discussion area and let us know smile.gif



Hi,

I am not sure what anyone wants to know so I would hesitate to open a new topic.

Happy to answer questions though via PM or e-mail.
Ian


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umbertino49
post Dec 6 2009, 12:16 PM
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QUOTE (ianfcliffen @ Dec 6 2009, 04:46 PM) *
Hi,

Yes you are right it is a bit shocking. I have just returned from living in Dubai for 20 years.

Emirates Airline is 100% sound. Unfortunately it is such a success that Abu Dhabi want control. The current chairman is a Dubai Sheikh. If Abu Dhabi take control they will be able to dictate terms not only to the #1 flag ship company but also to the Dubai Sheikhs. A very sad state of affairs!

The Dubai Sheikhs are very forward thinking and have done great things for their Emirate. The freedom is fantastic and it is a truly beautiful place. Abu Dhabi is the capital and the true economic power.

Ian

20 years.. WOW........ So you are indeed an Expert no doubt............Thank you for your once again informative post. Very appreciated.
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umbertino49
post Dec 6 2009, 02:04 PM
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QUOTE (frabi @ Dec 6 2009, 05:39 PM) *
I meant that the answer which you sent to him was the same which I would give to him, so you sent him what I had in mind without sending him my answer, so to say you sent him my answer at my place...sorry for complication, sometimes I don#t get it simple blush.gif

Frabi, thanks for clearing that up......Understood now.
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umbertino49
post Dec 6 2009, 02:07 PM
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QUOTE (Second Life @ Dec 6 2009, 05:33 PM) *
ianfcliffen I'm also very intrigued and interested to hear more. Feel free to continue or if you want open a topic in the discussion area and let us know smile.gif

Agreed. That's when a Forum can give its best potential, discussing on real facts and issues and learning from people who lived the situation and evidently know what they are talking about.......... That's a form of culture in itself.........I'd love to hear more myself.Thank you.

This post has been edited by umbertino49: Dec 6 2009, 02:07 PM
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umbertino49
post Dec 6 2009, 02:08 PM
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QUOTE (ianfcliffen @ Dec 6 2009, 08:04 PM) *
Hi,

I am not sure what anyone wants to know so I would hesitate to open a new topic.

Happy to answer questions though via PM or e-mail.
Ian

Thank you Ian. You are a kind and decent Person. I do appreciate that.
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