This is an extraordinary article about the over-leveraged foreigners who came to Dubai for the good life and then are forced to rush out, leaving their homes and even their Mercedeses with the keys at the airport. The reason - they cannot pay their debts and Sharia, which prevails in Dubai, the penalty for inability to pay debts is severe.
Submitted: Feb 15, 2009
Views: 1531
Comments: 3
Likes: 1
View Article: http://realitylenses.blogspot.com/2009/02/dubai-on-brink-of-collaps...
Sponsor Updates and Offers
Related Articles:
Indian Car Maker Announces Plans for World's Cheapest Car by PhilR - Jun 20, 2007 The New Fiat 500 Gets Rave Reviews by Canuck - Jul 13, 2007 The Great Car Seat Scam by Regina - Jul 16, 2007 Top 10 Concept Cars by MBANewlyMinted - Jul 18, 2007 Jeremy Siegel: Rising Bond Yields Mean Trouble for All Markets by PhilR - Jun 20, 2007 Market Commentary with Mark Schmeer, President of MFC Global Investment Management by PhilR - Jun 28, 2007 U.S. ISM Services Index Reached 14-Month High in June by Sam Cass - Jul 05, 2007 Semi-interesting discussion on where the market is going. by Thomas Bivens - Jul 09, 2007 German Auto Manufacturers: Far and Away the Biggest Loosers in the Dollar Collapse by JRodgers - Sep 27, 2007 i-House offers cheap, green modular housing option by ktexas - Jun 03, 2009.
Email to someone |
Print Content |
Add to reading list
Comments Received:
M. MAKSEN
(Unregistered)
Dubai is build on sand! It has attracted all the thieves and most dirty people of the world. Make money in short time and disappear. Now you can see that pseudo princes and managers are eating sand. Dubai has been build with the blood of indian, sri lankan and many other slaves brought like animals into the country. The mighty one is bringing justice!!
Posted: Mar 8, 2009
Ahmad Al Nadeem from Quebec
(Unregistered)
This is the beginning of the end.
Almost all Gulf states will come back to use camels instead of cars.
As long as they treat foreign workers like slaves (Which is by the way against Islamic rules)they will loose ground. Nature and human beeings have been handled without respect in order to build palaces and science fiction with stolen money! Nobody can say today that all this money was clean.Brits, germans, americans, australians, lebanese...all played the game of trying to become rich. The biggest looser is the slave that build the Burj El Arab or similar towers. How many of them passed away during construction work (2675 non confirmed source)The Al Maktoums have blood and dirt on they fingers. After building a Sodom and Gomorra they will experience an empty emirate with the sound of the wind coming from the desert. Born as a desert state you will pass away in a desert: Lawrence of Arabia
Posted: Mar 8, 2009
DIGUSTED with Dubai that Sodom and Gomorra
(Unregistered)
The United Arab Emirates is a DISGRACE! GREED, GREED, GREED! Filled with hypocrites, they detest homosexuals, yet almost all of the men are homosexuals. They hate the prostitution, yet they invite them in because they say it is good for business. They use and EXPLOIT people every chance they get. Now they are getting EXACTLY what they deserve. This country deserves to disappear under the sand. 99% of the people of the United Arab Emirates are a bunch of uneducated Arabs stealing from anyone and everyone that they can. The Arabs and the Iranians make their own problems. They conduct themselves in a way that make people NEVER trust them... because they are NEVER reliable to their word. Their word is sand! They NEVER keep their promises and they cannot be trusted. The Arab and Iranian people cannot be trusted. The majority of the people in Dubai passing them off as Arabs are genuinely originally from Iran or areas close to the border of the Emirates. It is only a matter of time before God sinks that country under the sand for all their dishonesty and Sodom and Gomorra.
Posted: Apr 27, 2009