Dubai under scrutiny after debt payment delay

Anyhow this a buying opportunity, I'm buying DW sukuks and stocks of DW companies. I bought some already yesterday and I'll buy more if price goes down further.
 
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Sampharo said:
There is nothing general about calling a failing company "a failing company". This whole thread is about the company itself and its default, and your posts along with the quoted article is saying that the company is in good shape, which is a load of garbage in anyone's dictionary.
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The article I quoted doesn't say it is in good shape, neither I said it is in good shape. What it is said is the reaction is out of proportion, and rest of the large companies around world are not doing any b
 
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Gossamer skye said:
That is what they get for investing their money on american hookers than spending it in the way of Allah..
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Well, I wouldn't call spending on tourism as spending on hookers, and it has its advantages. Thousands of people convert to Islam each year in Dubai. The reason is coming here opens them to Islam and muslims more than their home countries. System is good here and it is easier to live here than other states after conversion, which also makes it easier for them to convert.

http://www.khaleejtimes.com/Display...file=data/theuae/2009/June/theuae_June615.xml
 
:sl:my friend spent a week in dubai before flying off to pakistan for a month... This girl is a revert and she said that they drink more alcohol and sell more alcohol then the west! She never seen anything like it.....They were even selling alcohol in the airport and drinking it during the day. Europeans are not as bad as that and her family lives in the biggest holiday destination in Europe
 
nocturnal said:
Prince, I hardly think it is in the interest of the West to see Dubai implode in the manner in which you are describing. They have invested billions of dollars in Dubai and have a huge stake in it. Besides, this transcends religious and political issues, it is an economic issue and if they could have the affrontery to utilise billions of taxypayers dollars to bail out banks, then i don't think they'll shy away from assisting Dubai, even if it means pressurizing the IMF to take action. Afterall, the IMF after the London summit, did receive billions of dollars in additional funds for precisely this sort of crisis, not just to direct economic structuring programmes in third world countries.
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when i say west, im not talking about the guys in charge, but the media, and your certain average joe's etc. you make very good points, which show how the west will have some bad problems if dubai falls, which is what the western media and average joe dont get!
 
Chuck said:
Anyhow this a buying opportunity, I'm buying DW sukuks and stocks of DW companies. I bought some already yesterday and I'll buy more if price goes down further.
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i 100% agree with you, this is a very good time for buying, i was thinking that to myself when i heard about this story, good job!
 
cat eyes said:
:sl:my friend spent a week in dubai before flying off to pakistan for a month... This girl is a revert and she said that they drink more alcohol and sell more alcohol then the west! She never seen anything like it.....They were even selling alcohol in the airport and drinking it during the day. Europeans are not as bad as that and her family lives in the biggest holiday destination in Europe
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i think your friend was talking rubbish and obviously hasnt been around Europe that properly, or she wore blinkers when she was in Europe. how about you come to England and see the amount of their alcohol consumption which is getting so bad that the youth health is going down the drain.

they were selling alcohol in the airport? lol was that the first time your friend visited an airport? or again, did she wear blinkers when she visited european airpots? virtually every airport in europe and america sell alcohol.

so plz if you wanna say something, dont say something so blatantly false, and something people who have been around know is complete and utter BS.

i mean your comment about how they sell alcohol in the airport shows how little you and your ignorant friend really know, and when you say something as silly as that, thats when everyone knows you dont even know what your talking about.
 
Gossamer skye said:
That is what they get for investing their money on american hookers than spending it in the way of Allah..

7asbona Allah wa'ni3ma alwakeel

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by any chance, could you give me the sources or evidence that the official government and people in charge of dubai have invested in American hookers? i would love to have such a source.
 
Chuck said:
You are getting emotional. I don't know exactly why. But simple question, tell me this.
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It's called indignant reaction to misinformation. Something those of virtue and honesty naturally do not accept, not to mention that it is of legal consequence that implausible share recommendations are made. If you presented a plausible yet disagreeable opinion it would have been normal and respected by any of us. But instead you were insisting on a strange non-argument that seems to be fundamentally faulty, yet you were backing it up with claims of being an expert and a financial consultant.

A company has $100 billion in assets and $59 billion in liabilities, is this a good or bad debt to equity ratio?

Anyhow this a buying opportunity, I'm buying DW sukuks and stocks of DW companies. I bought some already yesterday and I'll buy more if price goes down further.
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This would be a plausible yet disagreeable proposal. If that is how you decide to invest in companies, that is fine. If that is what you presented earlier it would have been a different discussion.

Earlier however you were not on that. However, I'll go along for a second with the proposal with a neutral mindset about Dubai World and you, please elaborate though:

You're saying that a company with $100 billion in assets and $59 billion in liabilities would be a good investment:
a- based on what income levels? How much does it earn annually?
b- what was the last share dividend payout?
c- What are the future projections of profit that you made to account for the company's growth over the next ten years?
d- Have you analyzed the management team in place to account for expected performance?
e- Most importantly: What is the share price above which people should no longer buy DW shares and sukuks now that the restructure is announced?

:sl:my friend spent a week in dubai before flying off to pakistan for a month... This girl is a revert and she said that they drink more alcohol and sell more alcohol then the west! She never seen anything like it.....They were even selling alcohol in the airport and drinking it during the day. Europeans are not as bad as that and her family lives in the biggest holiday destination in Europe
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Dubai is a strange city. You gotta love it but then can't help hating some stuff in it. Alcoholics are a problem in dubai, but it's mostly because it's always giving a feeling of being a 5 star hotel not home, which drives expats into great indulgence. Feeling of ownership is a weakness for Dubaians. 20 years and I still felt that it was one big glassy airport with wannabe insecurities, best and fastest place to do business, yet the spirit of it is as deep as a starbucks.
 
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We'll have to wait and see how this unfolds. All we have to go on is a postponed payment - that's not as problematic as say going completely bankrupt.
 
The_Prince said:
i think your friend was talking rubbish and obviously hasnt been around Europe that properly, or she wore blinkers when she was in Europe. how about you come to England and see the amount of their alcohol consumption which is getting so bad that the youth health is going down the drain.

....and when you say something as silly as that, thats when everyone knows you dont even know what your talking about.
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Easy there buddy, I happened to have lived there for a very long time and it's the Europeans themselves that say it very bluntly that they drink a lot more in Dubai than they do back home.

Executives have loads of alcohol with practically every other meal and walking out of nightclubs "pissed to passing out level" is an absolute normality of regular western society there in Dubai. That is no way for regular society in the west to live, maybe just delinquents and losers. Alcohol is much cheaper in Dubai because of the low duties and the local police do not bother them as long as they are western expats and are not driving in such states.
 
aamirsaab said:
We'll have to wait and see how this unfolds. All we have to go on is a postponed payment - that's not as problematic as say going completely bankrupt.
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True that. Just sell one of those hotels or palaces and you're done. ;D

Shoot, just ask the King to donate his toilet!
 
The_Prince said:
i think your friend was talking rubbish and obviously hasnt been around Europe that properly, or she wore blinkers when she was in Europe. how about you come to England and see the amount of their alcohol consumption which is getting so bad that the youth health is going down the drain.

they were selling alcohol in the airport? lol was that the first time your friend visited an airport? or again, did she wear blinkers when she visited european airpots? virtually every airport in europe and america sell alcohol.

so plz if you wanna say something, dont say something so blatantly false, and something people who have been around know is complete and utter BS.

i mean your comment about how they sell alcohol in the airport shows how little you and your ignorant friend really know, and when you say something as silly as that, thats when everyone knows you dont even know what your talking about.
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;D they are muslims for pity sake they don't feel any shame?? ive been to u.k many times as i have loads of family there and at least they are bloody private and decent enough to not flash there cash and there fancy clothes and they drink in there homes away from the public to see
 
Rashad said:
True that. Just sell one of those hotels or palaces and you're done. ;D

Shoot, just ask the King to donate his toilet!
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On the proviso, he flushes first ;)

Just a point in general, let's try and keep the posts on topic and not turn this into a dubai bashing thread. My potential career in a dubai-based bank, with earnings of up-to-lots-of-thousands-of-dollars, has absolutely nothing to do with this. Honest!
 
The_Prince said:
i think your friend was talking rubbish and obviously hasnt been around Europe that properly, or she wore blinkers when she was in Europe. how about you come to England and see the amount of their alcohol consumption which is getting so bad that the youth health is going down the drain.

they were selling alcohol in the airport? lol was that the first time your friend visited an airport? or again, did she wear blinkers when she visited european airpots? virtually every airport in europe and america sell alcohol.

so plz if you wanna say something, dont say something so blatantly false, and something people who have been around know is complete and utter BS.

i mean your comment about how they sell alcohol in the airport shows how little you and your ignorant friend really know, and when you say something as silly as that, thats when everyone knows you dont even know what your talking about.
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Dude, cut her some slack ok. She's not talking about the derelict rundown towns of northern England and similar types of places where you have rampant alcoholism as a result of no development or economic regeneration. She's talking about Dubai in the context of the Middle East and relative to some major European capitals and holiday hotspots where alcohol consumption is on a par with Dubai, especially given its huge expatriate population. She has a valid point, so don't denigrate her for it.
 
:sl:

akhi uthman, I can appreciate why you removed the pictures, but it is only fair that if Br. prince asks for validation that we provide it to him in pictures? You can't get any more incriminating than that and you don't really need to stretch the imagination. I don't think it is particularly fair to bury our head in the sand and pretend that frank di3arra isn't going on, in allegedly Islamic countries!

:wa:
 

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