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    Dubai bankrupt!

    I have been predicting this for ages! seems to have gone the way of Iceland not

    at least Kerry Katona won't get the blame this time!

    16 Comments

    linky?

    Read a little into this this morning.

    Struggling to pay debts :?

    news.bbc.co.uk/1/h…stm

    The moves followed news from the state-owned Dubai World that it would … The moves followed news from the state-owned Dubai World that it would delay repaying some of its debt.

    Another bubble has burst.........

    Original Poster

    jasonodell;7022481

    linky?



    its in most of the papers mate, check the times or the FT

    Banned

    at least petrol prices should come down lol

    some comfort for the expected return to a world recession if dubai does fail

    Banned

    was on the news last night

    affected all the stock exchanges worldwide although not any where near the lehman bros fiasco

    if dubais is in the crap then that will knock on over here im afraid as a lot of financial institutes etc have invested in dubai thinking it was sfae with oil.......not the case

    hassony;7022515

    its in most of the papers mate, check the times or the FT



    havnt a chance yet to read any, stupid desk job

    Banned

    jasonodell;7022551

    havnt a chance yet to read any, stupid desk job



    :?

    casparwhite;7022539

    was on the news last nightaffected all the stock exchanges worldwide … was on the news last nightaffected all the stock exchanges worldwide although not any where near the lehman bros fiascoif dubais is in the crap then that will knock on over here im afraid as a lot of financial institutes etc have invested in dubai thinking it was sfae with oil.......not the case



    +1

    Just as people think the recession is over...... it's about to start all over again :w00t:

    Although it all depends on if they're bailed out by their neighbouring states or not.

    Original Poster

    casparwhite;7022539

    was on the news last nightaffected all the stock exchanges worldwide … was on the news last nightaffected all the stock exchanges worldwide although not any where near the lehman bros fiascoif dubais is in the crap then that will knock on over here im afraid as a lot of financial institutes etc have invested in dubai thinking it was sfae with oil.......not the case



    half of london it seems is owned by Dubai, they will have to sell many of their properties and investments in the UK

    Banned

    midlandscomics;7022586

    +1Just as people think the recession is over...... it's about to start … +1Just as people think the recession is over...... it's about to start all over again :w00t: Although it all depends on if they're bailed out by their neighbouring states or not.



    the dubai government you mean:)

    Banned

    hassony;7022613

    half of london it seems is owned by Dubai, they will have to sell many of … half of london it seems is owned by Dubai, they will have to sell many of their properties and investments in the UK


    nope, the oil barons own properties here but the properties in dubai are financed by other countries investing like us.........shrewd very shrewd

    property prices have more or less halved over there and british companies building there are owed a lot of cash

    Original Poster

    midlandscomics;7022586

    +1Just as people think the recession is over...... it's about to start … +1Just as people think the recession is over...... it's about to start all over again :w00t: Although it all depends on if they're bailed out by their neighbouring states or not.



    they'll probably will be, as Abu Dhabi is still oil rich, while Dubai doesn't seem to have much oil

    I will watch Dubai news today when I get home, I won't be surprised if this isn't even mentioned

    casparwhite;7022631

    the dubai government you mean:)



    I suppose it ******s up any plans the maktoums had to buy out the two Americans at our club :cry:

    Original Poster

    casparwhite;7022642

    nope, the oil barons own properties here but the properties in dubai are … nope, the oil barons own properties here but the properties in dubai are financed by other countries investing like us.........shrewd very shrewdproperty prices have more or less halved over there



    must be one hell of a monopoly player

    Original Poster

    midlandscomics;7022649

    I suppose it ******s up any plans the maktoums had to buy out the two … I suppose it ******s up any plans the maktoums had to buy out the two Americans at our club :cry:



    I think that idea died a long time ago
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