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  #1  
Old 02-11-2009, 06:19 AM
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Kasept Kasept is offline
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Quote:
Originally Posted by Linny
Meydan is scheduled to open for the 2010 season.
'Scheduled' being the operative word... What's the latest on the work stopage?
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Old 02-11-2009, 09:46 AM
blackthroatedwind blackthroatedwind is offline
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Quote:
Originally Posted by Kasept
'Scheduled' being the operative word... What's the latest on the work stopage?

This is an interesting and much larger economic discussion. It's hard to imagine that the world financial crisis doesn't eventually affect Dubai.
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Old 02-11-2009, 09:50 AM
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Originally Posted by blackthroatedwind
This is an interesting and much larger economic discussion. It's hard to imagine that the world financial crisis doesn't eventually affect Dubai.
eventually?

I have friends in Dubai, American engineers that is, and they have been laid off in Dubai. They have serious money problems.
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  #4  
Old 02-11-2009, 11:20 AM
blackthroatedwind blackthroatedwind is offline
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Originally Posted by 10 pnt move up
eventually?

I have friends in Dubai, American engineers that is, and they have been laid off in Dubai. They have serious money problems.

It was tongue-in-cheek. It feels like a bigger racing related issue, however, than is being acknowledged.
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  #5  
Old 02-11-2009, 11:39 AM
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The Maktoum family is more impacted the real estate markets than oil. Dubai is not as oil rich as it it heavily invested in real estate and related fields.
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  #6  
Old 02-11-2009, 09:52 AM
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It has in a big way. The housing bust and banking problems have hit Dubai on a very large scale. People flipping entire huge buildings are stuck as is the housing industry.
Quote:
Originally Posted by blackthroatedwind
This is an interesting and much larger economic discussion. It's hard to imagine that the world financial crisis doesn't eventually affect Dubai.
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  #7  
Old 02-11-2009, 10:06 AM
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Originally Posted by TheSpyder
It has in a big way. The housing bust and banking problems have hit Dubai on a very large scale. People flipping entire huge buildings are stuck as is the housing industry.
that will happen when you work out your budgets on $70 a barrel gas and it goes for $30 instead.
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Old 02-11-2009, 10:07 AM
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Quote:
Originally Posted by blackthroatedwind
This is an interesting and much larger economic discussion. It's hard to imagine that the world financial crisis doesn't eventually affect Dubai.
How's Prince Alaweed's $7.5 billion investment in Citi looking these days?



lolololol
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  #9  
Old 02-11-2009, 10:11 AM
GPK GPK is offline
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Originally Posted by philcski
How's Prince Alaweed's $7.5 billion investment in Citi looking these days?



lolololol

Ouch

$55 to $3.50 in less than 2 years
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