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Dubai Govt Debt Crisis,

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   Jameel
Friday, November 27, 2009 05:18 PM 
Reply: >
It is Biggest News of Yahoo and Gulf based news....
would Dubai based Friends comment on this If Dubai Govt Defaults then what would be Impact on UAE Banks which Banks are more Vulnerable than others
Jameel replied on Friday, November 27, 2009 05:21 PM 

This is Link for more Information
http://www.arabianbusiness.com/574653-dubai-debts-crisis-latest-news
Azad K replied on Friday, November 27, 2009 05:46 PM 

Abu Dhabi will probably have to step in and acquire equity in Dubai controlled businesses as part of a rescue package.
Ali S. replied on Friday, November 27, 2009 10:09 PM 

will this help pakistan in anyway? i.e return of capital?

another question....if Dubai can default why can't Pakistan? Default on those 50 billion and then pay when our economy is in better position. We would save so much in payments.
Azad K replied on Friday, November 27, 2009 10:20 PM 

No country can default without affecting its credibility and future investment inflows.

Pakistan has a lot more potential than Dubai with really has nothing. It was just a desert. It just shows what can be achieved when people work hard and with honesty.
Ali S. replied on Saturday, November 28, 2009 12:21 AM 

cost to pakistan's economy due to this war on terror is qouted at about 40 billion dollars....if we default and say world should foot this bill not us because it was not our war...that should be our formal position. if we had a powerful ruler who had base in people instead of foreigners then we could have certainly bargained better.

default and ban luxury items...especially foreign car imports. that would have two benefits....more jobs for our people and also saves the burden on the foreign exchange.
yessss replied on Saturday, November 28, 2009 02:41 AM 

That so-called "king" or prince of Dubai, or whatever the hell he is called, sure did screw it all up. hehehee
Jameel replied on Saturday, November 28, 2009 07:08 AM 

Dubai is in crisis due to massive Debt, You can imagine just one Company of Dubai called Dubai world owes more than Pakistan has accumulated in 6 years. The reason of melt down is that Dubai Currency has peg with Dollar, so they cant "Print" Dirhams like Pakistan can do. UAE Dirhams Cant be valued in Open Market in just 0.272 of Dollar. Thay have to produce dollars from some source to pay this Debt.
kamran replied on Saturday, November 28, 2009 11:48 AM 

I think dubai show is over...goras has made us fool once again successfully..and the loosers are pakistani and indians lost their billions
NRO replied on Sunday, November 29, 2009 03:49 AM 

NRO MONEY IS IN DUBAI CONSTRUCTION
yessss replied on Sunday, November 29, 2009 11:32 PM 

The US has very very close ties with Abu Dhabi. Thus, Abu Dhabi wants to put the squeeze on Dubai because Dubai has strong ties with Iran. Abu Dhabi is going to bail out Dubai on a case by case basis, per the boss' instruction - the boss is the USA, the same boss of Pakistan.
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