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Dubai in serious trouble
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I wonder why US notes denomination stop at $100 only.
Hulumas ( Date: 30-Nov-2009 09:46) Posted:
Next.... crude oil price may crash to USD. 8.00 perhaps, while the day USA will print enough USD 10,000 notes will come? Ha. ha.. ha...
cheongwee ( Date: 30-Nov-2009 02:42) Posted:
what have Dubai got to do with sinotel and sinomem, and swiber???
guy just buy for big profit...
i thk sti down on the basic of capitaland and those bank suspect to have ecxposure to Dubai..
mid cap and penny to remain as usual...
but come 2010...it is going to be Eastern Europe turn..since communism colapse...Western Europe have loan their Eastern bros..some 1.7T euro...with the crises...their Estern Euope are in deep shit default on the loan for sure...
and more ARM to reset in May 2010...this time even prime also sky rocket...in the US...
i think Dubai maybe opn the flood gate to all those fund still sitting on the side line... |
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cheers !!!
CORRECT MAN, ALREADY MAKE OVER $250,000 SINCE MARCH 09
WAITING TO MAKE 1 MILLION ...............
Well, the strong market showing has shown thatthere's nothing to worry about...
So it seems there's only one way for the economy to go ... UP!
Thus bears should all curl their tails under, move away, and make way for the bulls...
I think some of the SPORE private companies went to DUBAI
THEY WERE ENCOURAGE LAST FEW YEARS TO DO SO TO INVEST
SOME OF THESE COMPANIES WILL COLLAPSE ....
DUBAI WILL BE LIKE THAILAND DURING ASIAN FINANCIAL CRISIS IN A NUMBER OF YEARS
FUNDS ARE PULLING OUT OF THEIR MKTS, NO ONE WANTS TO LEND ANYMORE
Fitch Ratings on Tuesday said it expects a limited impact on Singapore banks' credit profiles following the Dubai government's request for a debt moratorium until 30 May 2010 on Dubai World's and Nakheel's financing, as well as from the potential repercussions on other Gulf countries
SO THE LESSON IS THERE ARE SOME IMPACTS .......................................
May be the next major news will be : large overseas companies and banks caught in a web of triangular debts in Middle East countries ....
HAVE u GOT SOME LATEST NEWS ?????????????????
old news liao lah...already know DUBAI WORLD"S watever debt is not guaranteed by DUBAI GOVT ! :P
POTENTIAL GULF FINANCIAL CRISIS IN THE MAKING
ASIAONE :
In its second potentially market-decimating announcement in less than a week, the Dubai government yesterday disclaimed responsibility for the debts of its Dubai World conglomerate
WHAT ARE THESE PEOPLE ? U ARE TALKING ABOUT COMPANIES OWN BY THE GOVERNMENT , NOT PRIVATE SECTOR !!
LATEST :
Dubai debt plan fails to calm Gulf markets
EVEN THEY THEMSELVES DO NOT TRUST THEIR OWN
DON'T FOOL YOURSELVES ITS JUST NOTHING
ITS THEIR GULF FINANCIAL CRISIS JUST STARTING
They did bail out "UAE CB did something" but they wont give them like what US did to AIG :)
iPunter ( Date: 01-Dec-2009 08:33) Posted:
Obviously bailouts is not their style... hehehe... 
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Dubai International Financial Centre (DIFC)
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The DIFC is the world's fastest growing international financial centre. It aims to develop the same stature as New York, London and Hong Kong. It primarily serves the vast region between Western Europe and East Asia. Since it opened in September 2004, the DIFC has attracted high caliber firms from around the globe as well as its region. A world-class stock exchange, NASDAQ Dubai (formerly known as the Dubai International Financial Exchange or DIFX), opened in the DIFC in September 2005. The DIFC is a 110-acre free zone. It is part of the larger vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, together with the Government of Dubai, to create an environment for progress and economic development in the UAE and the wider region.
UP IN SMOKE ......................................................
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TODAY TELEGRAPH:
The Dubai government disclaimed responsibility for the debts of its Dubai World conglomerate on Monday, crushing earlier assumptions by creditors that the Gulf emirate would guarantee its liabilities.
Obviously bailouts is not their style... hehehe...
Obviously bailouts is not their style... hehehe...
it will be very best and very easy for Abu Dhabi to become it receiving managar.
limkt009 ( Date: 30-Nov-2009 20:52) Posted:
DUBAI
- The government of Dubai does not guarantee the debt of Dubai World, a
senior finance department official said on Monday, effectively washing
its hands of the woes facing the embattled conglomerate.
'It is true that the government is the owner, but as the firm has
several activities and exposed to different sorts of risks, the
decision was from the day of its establishment that the company would
not be guaranteed by the government,' head of the Dubai Department of
Finance Abdulrahman al-Saleh said in an interview with state-owned
Dubai Television. -- AFP
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TODAY TELEGRAPH :
Warning: creditors were alerted to the fact it might not be easy to recover their money from Dubai
Tell that to the lenders who loan them the money ...................