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 (1614 views)
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1. brickormortis said...

oops, that was Saudi!

Wednesday, December 9, 2009 11:09AM Report Comment

2. brickormortis said...

here is dubai:

Wednesday, December 9, 2009 11:10AM Report Comment

3. charlie brooker said...

Dubai is forthwith known as eBai - 'cos everything's for sale.

Wednesday, December 9, 2009 11:15AM Report Comment

4. yorkshireman said...

@charlie brooker . eBai gum lad

Wednesday, December 9, 2009 12:49PM Report Comment

5. cat and canary said...

DoBuy becomes DoSell

Wednesday, December 9, 2009 01:06PM Report Comment

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.

Wednesday, December 9, 2009 01:07PM Report Comment

7. Landedgentry said...

Wow, now Dubai has got 2 ski slopes !

Wednesday, December 9, 2009 01:09PM Report Comment

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?

Wednesday, December 9, 2009 01:31PM Report Comment

9. Landedgentry said...

nomad @8, not sure but it must cost a fortune to keep doing this:

Wednesday, December 9, 2009 03:39PM Report Comment

10. rumble said...

Depends on the effects of global warming. Cue crunchy...

Wednesday, December 9, 2009 04:30PM Report Comment

11. the number cruncher said...

Extract below of - James Mclean and Brian McDonald article in the Irish Independent Full Article

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.

Wednesday, December 9, 2009 05:39PM Report Comment

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