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http://emirateseconomist.blogspot.com/ - Economic analysis of events in the United Arab Emirates and the Gulf
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Suq Al Mal follows the financial sector in the GCC. Recommended. Especially in these times. I'll be adding it to my blog roll.
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The Daily Show With Jon Stewart Mon - Thurs 11p / 10c Oliver's Travels - Switzerland www.thedailyshow.com Daily Show Full Episodes Political Humor Health Care Crisis
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Jon Stewart
The New York Times has a graph on other countries which may be facing debt problems; the same graph shows the exposure of bond holders by country. Thanks to The Gulf Blog for the pointer. Not of course that the U.A.E. has a debt problem. It's Dubai that has the problem. Since Dubai announced it ...
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BBC : The ratings agency Standard & Poor's has cut the credit rating of six Dubai companies linked to the government to junk status. S&P; said extraordinary support from the Dubai government seemed "low" after the emirate said it would not guarantee Dubai World's debts. ... S&P; said it was not ...
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City Comforts : All that Arab culture learned in a thousand years about adapting cities to great heat -- high-ceilinged buildings along narrow streets which provide shade and short distances to walk outside — have been forgotten or ignored. Confoundingly, with all of Europe and Asia to learn ...
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Five of the 10 tallest buildings in New York City today were planned at the tail end of the ebullient 1920s and completed in the early 1930s. In their day, they were the tallest structures in the world, but it took more than a decade for the Empire State to stop being the “Empty State ...
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Some interesting tweeting by Kaleil Isaza . Any other tweeters I should be following? Please leave suggestions in the comments.
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Andrew Sorkin: Just as the United States stood behind its banks, in part, to avoid losing the confidence of foreign investors, Abu Dhabi might have to do the same. That had to be what Citigroup, with its firsthand expertise with bailouts, must have been thinking when it lent $8 billion to Dubai ...
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Citigroup
"Arizona, Rhode Island, and Michigan aren't doing so well, either" says Craig Newmark . He could have included New Jersey as well . Just so you know Dubai isn't the only geographic political entity with a debt problem.
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Seabee who writes Life in Dubai has some thoughts on the mishandling of the announcement that Dubai World is seeking a restructuring of its debt, and what the default means for the real economy and the people living in it .
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Indecision is costly. The worst kind of indecision is decisiveness so unburdened by facts that today's decision is just as decisively reversed tomorrow. I call it the nevermind syndrome . It is prominent in the Gulf, and it may be Dubai's undoing. Of course I'm sure. How dare you question my ...
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If you are Abu Dhabi, how might you have hedged your exposure to Dubai? (And who is your counterparty exactly)? From zerohedge which has other pointed questions.
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Day Trader
Which, of course only draws attention to it . As described by the Wall Street Journal , The Sunday London Times newspaper was removed by authorities from shelves in the United Arab Emirates on Sunday amid intensive reporting of Dubai's debt problems, an executive at the paper said. ... A ...
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Over at An Emirati's Thoughts, Emirati blames lack of transparency for the creation of the Dubai debt problem, and argues that transparency is necessary for finding a the way out . If you think what we have here is merely a cash flow problem that might be true. Or is the business simply not ...
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Who's being sacrificed? Dubai made its debt payment rescheduling announcement on Thursday. Like many announcements of bad news it came at the start of a weekend. In the UAE the weekend is Friday and Saturday. But this isn't just any weekend. The announcement came on the cusp of the Feast of the ...
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Day Trader
What it brings to mind is a colleague who'd made a downpayment on a property in Dubai. The builder later reneged and returned the downpayment because he'd found other buyers willing to pay much more for something that hadn't been built. Who's crying now? 1. Tyler Cowen 2. Paul Krugman 3. BBC's ...
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Bloomberg : Dubai Surrenders Autonomy as Crisis Bolsters Oil-Rich Abu Dhabi Until last month, a billboard at one of Dubai’s busiest roundabouts featured one photo, of Dubai ruler Sheikh Mohammed Bin Rashid Al Maktoum. The new billboard says “Long live our Emirates union” and also shows United ...
