Wednesday, Dec 09, 2009
Interesting graph (especially last five days)
National: Dubai Stock Market Update
Any comments about this?
Posted by brickormortis @ 11:08 AM (962 views) Add Comment
11 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. brickormortis said...
oops, that was Saudi!
2. brickormortis said...
here is dubai:
http://www.tickerchart.com/chart/admc/chart.php?company_id=1339&TimeRange=30
3. charlie brooker said...
Dubai is forthwith known as eBai - 'cos everything's for sale.
4. yorkshireman said...
@charlie brooker . eBai gum lad
5. cat and canary said...
DoBuy becomes DoSell
6. Leicestersq said...
Thing is, no one is going to want to trade with Dubai now. If you cant trust the other party, then you just dont trade.
And it really is bad. If you lend money to someone, and they go bankrupt, you can sort of accept it if their business idea went wrong. But you would at least hope that you can sieze the assets that the loans were secured against.
No such luck with Dubai apparently, they are not going to allow the collateral to be seized.
So no one will trade with the, and their wonderful City and empire will be subsumed by the sands.
7. Landedgentry said...
Wow, now Dubai has got 2 ski slopes !
8. nomad said...
Has anyone seen an estimate of how long the sea will take to reclaim the Palm and Earth islands - without serious and expensive maintenance?
9. Landedgentry said...
nomad @8, not sure but it must cost a fortune to keep doing this:
http://gulfnews.com/in-focus/netherlands/helping-to-create-a-new-map-1.28114
10. rumble said...
Depends on the effects of global warming. Cue crunchy...
11. the number cruncher said...
Extract below of - James Mclean and Brian McDonald article in the Irish Independent Full Article http://www.independent.ie/world-news/middle-east/extravagant-dubai-island-project-sinks-under-weight-of-the-credit-crunch-1884856.html
THE Galwayman who bought Ireland is dead, England is deserted, while Australia and New Zealand have merged.
They were designed to make Dubai the envy of the world: a series of paradise islands inhabited by celebrities and the super-rich reclaimed from the azure waters of the Arabian Gulf and shaped like a map of the Earth. It was called The World.
As millions of tonnes of rock were dumped into the sea for the foundations, timely leaks suggested that Brad Pitt and Angelina Jolie were to buy Ethiopia, Richard Branson was tipped to occupy England, while Rod Stewart would border him in Scotland.
Instead it has become the world's most expensive shipping hazard, guarded by private security in fast boats and ringed by warning buoys to keep the curious away.
A development that was meant to send Dubai's star into the firmament of First World cities has been left to the mercy of the waves and the baking winds.
Mile after mile of breakwater built from boulders brought hundreds of miles by ship has been laid, but inside its man-made lagoon, work has completely stopped.
The expected map of the world of 300 islands is instead a disjointed and desolate collection of sandy blots -- a monumental folly just out of sight of Dubai's shore.