(Dubai; $47 bil. debt against a $37 bil. GDP)
Well... nothing, if you live under a rock.
There have been reports speculating of the demise of the big gamble in Dubai since late last year.
But Dubai isn't the United Arab Emirates.
Dubai only has to borrow money from it's neighbor, Abu Dhabi, to keep the dream of the oasis in the Arabian Desert afloat.
But with some (former) American companies being valued at more than the city itself - doesn't it make more sense for these companies to devalue the land they occupy?
Why did Halliburton move it's headquarters from Houston to Dubai?
DIFC was set up to facilitate the flow of lightly regulated funds through offshore accounts.
Dubai Ports World raised a stink in the US when it attempted to take control of many of the country's shipping ports.
With speculation that the money men behind the recent piracy in the Middle East were based in Dubai - what point is there in ruling the ports when one can just rule the seas?
No comments:
Post a Comment