Comments on: Dubai in Decline?

By: Michael L. Weiss

Michael L. Weiss — Wed, 02 Dec 2009 19:40:39 +0000

Dubai is an amazing city with a lot of joy. howeverDubai is heavily influenced by oil and travel, and is not doubt they meet this current finance crisis.

By: Sheikh Mo

Sheikh Mo — Thu, 26 Nov 2009 23:59:52 +0000

We plan to save Dubai by printing a new currency in denominations of one hundred trillion. We will then build an enormous tower that reaches to the sun, and in it we will put all of the delights of the world.

Does anyone want to buy some half-finished apartment buildings with cracks in them?

Can anyone lend me a fiver?

By: Dubai

Dubai — Fri, 18 Sep 2009 10:18:59 +0000

Great Dubai advice.

By: Mainasara

Mainasara — Mon, 18 May 2009 14:47:20 +0000

Jas 5:1 Pay attention to this if you’re rich. Cry and moan about the misery that is coming to you.
Jas 5:2 Your riches have decayed, and your clothes have been eaten by moths.
Jas 5:3 Your gold and silver are corroded, and their corrosion will be used as evidence against you. Like fire, it will destroy your body. You have stored up riches in these last days.
Jas 5:4 The wages you refused to pay the people who harvested your fields shout to God against you. The Lord of Armies has heard the cries of those who gather the crops.

By: Stevie Gilroy

Stevie Gilroy — Tue, 27 Jan 2009 02:12:08 +0000

What is Mr.Obama going to do? looks as if he wants to focus more in the oil in his own country – great. They are still owned by the same people involved in the oil rich countries in the Middle East I believe. The price may come down a few cents for the Americans at least. When they discovered oil off Scotland’s shore the news was full of hope and promise to be the end of fuel prices, it never happened. Make it ‘look’ as if someone is doing something is always enough for the masses. Dubai has an awful lot of it’s wealth in the American banking system and they will never lose it…..!

as for Atif – you just gotta love him. Proper job, residency AND money, he loves Dubai so f%#& the rest of us….!

By: Pete

Pete — Wed, 21 Jan 2009 00:08:10 +0000

Dubai’s economy is a pack of cards based solely on oil & now with oil being where it is and alternative energies coming to the fore, this pack of cards has crumbled in a New York minute. I very much doubt that it’ll ever recover!

By: Atif

Atif — Wed, 07 Jan 2009 16:16:50 +0000

No doubt Dubai is city of glamour, full of joy and has beautiful nights. But only for those who have proper job, residency and money. I love Dubai.

By: uae professional

uae professional — Sat, 27 Dec 2008 09:59:07 +0000

I agree with Kevin that Dubai, indeed has diversified its economy and energy resources. However, I was pessimistic about Dubia’s continued prosperity way before the financial crisis hit. How can any city hope to survive let alone continue to grow without acknowledging their need for a proliteriate class? Even if they don’t have a Labour Day, as most civilized nations do, they should at the very least have low income housing. Yes, the majority of people in Dubai are in fact the invisible lowcome labourers and professionals (foriegners) who don’t appear on the flashy tourism brochures. Shame on all the leaders who allows this to continue!!!

By: Kevin

Kevin — Mon, 15 Dec 2008 14:29:30 +0000

While Dubai is heavily influenced by oil and travel, and is not doubt going to feel the current finance crisis, I think it is becoming less dependent as you infer on cheap fossil fuels and wealthy travellers. Dubai recognized long ago that fossil fuel supplies were finite and has diversified its wealth including global property and corporate investments, as well as shaping itself to become a major global finance center attracting international companies (which of course are feeling the crisis in their market).

http://www.economist.com/theworldin/displaystory.cfm?story_id=12494551
http://www.economist.com/finance/displaystory.cfm?story_id=E1_RQNNPQQ

An Economist article similar to the Newsweek one:
http://www.economist.com/world/mideast-africa/displaystory.cfm?story_id=12684897