The United Arab Emirates issued a billion bailout to Dubai. Now could the emirate of Dubai become a symbol of a worldwide recession? … “Al Jazeera” “Riz Khan” Dubai UAE “economic crisis” recession boom bailout construction “real estate”
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you cant sht down swetshops, cause you be attacking the rights of the workers themselves, cause they choose to work this work at the first place
who told you the workers work 16 hours per day, please bring in facts on the table, last time i visited back home all companies including mine cant make their laborforce work more then 8-12 hrs per day, and soon they will even kill overtime jobs, just wait and see
100 persons in a buss designed for 30, happens in pakistan, india, kenya, and lots of african countries but this does not ever happen in UAE.
thats not important, since the formation of the united arab emirates, leaders agreed that dubai will only be the business and cultural hub of uae and there was not even 1 plan brought to the table to industralize dubai. however, Abu Dhabi the capital city of the united arab emirates is a business, industrial and a cultural hub. billions of dollors are spent in abu dhabi industrial zones like khalifa port, mussafah, shahamah, liwa etc. I even as a uae citizen can get a factory from the goverment
without paying a cent. also items made in uae is availible everywhere throughout the middle east, go to your local mall in america, go to gap, jcpenny and look around
you will see lot of clothing items that are made in UAE
17.000 woohoo
fuck of ssaleem….dubai was made by those under paid, pressurised pakistanis and indians…about which you were so proud….but Allah has taken away that back from you….you dumb arabs could not do this without us….now go to helll
These ppl are not even 0.000000000000000000000000000000000000000000000000000000000000000….of what Mohammad was…
Sorry i cannot put more zeros…uncountable 0’s..infinity…
first of all, who your talking about, second of all there is no way now that uae labor workers live 30 per room now. this is illegal and has $150,000 fine to the firms. 3rd you know swetshops? they are in india, china, latin america? what about those people who get exploited for the greed of western corporations and the greed of westerners. you have from toys to electronics imported in america and are made by 1 dollar per day labor in china or india,
what about, not seeing his familly for months or years, not recognising their own sons because they didnt live with them, what about, not attending weddings funerals, what about to being insulted as human by ….what you seems to think is the best opportunity in their lifes, why dont you try to share a room with 30 other people , work 16 hours a day, and having no air conditioner, or travelling 100 in a bus desing for 30, PLEASE, WHY DO YOU ASUMME MONEY RULES FOR EVERYBODY
Soulless glass and steel towers built for soulless, mindless parasites by tens of thousands of underprivileged nobodies. The desert swallows you whole.
some money got invested…some buildings where built in a good for noting desert…lot of ppl got fooled and bought them before they were even built…original investors (like Donald Trump) toke all the money from over priced, non built “buildings” and now Dubai is back to being a desert…get over it!
dubai
-be careful, sheik Issa Bin Zayed Al Nahyan might torture you. (google him)
-also, remember dubai was built on exploitive slavery
-only 12% is rich, the majority are in poverty in a class-based society
-local women are invisible behind ninja-suit burkas
-media censorship/ restrictions are over-the-top
-child-trafficking for jockey use is common
-job discrimintation based on ethnicity such as ”arabs only” is normally written on newspapers.
ok im with you , but if dubai cant stay on this crisis abudhabi can buy it but as i said there is no big issue becuase there is plans to send the big manufactures to dubai also there is plans to buys some of cars manufactures in europe becuase as i know dubai and saudi arabia bought already more than 20% of them and dont forget microsft and big factorys and also gold ..
there is no fear to dubai we just need 10 years more because the projects almost finshed now we need the manufactures.
Economic crisis is a big issue for Dubai, because you don’t produce anything in Dubai, Dubai doesn’t manufacture anything, grow anything, or drill for oil. There is only a limited demand for finance and other services like retai and tourism and retail at the end of the day we all want things not services. What Dubai has going for it is law and order, it will be very easy for Dubai too move to manufacturing.
maybe this show is chat (on hold or frozen project)
i dont see any problems with dubai everything works in plans and there is tiny percent of projects they put it on hold
not the burj as we see in 4:36 btw the burj finished months ago also to the palm, metro ect ..
and the economic crises isnt issue for us
iran is the problem they got power and nucluers and they are near to this modern city what would happen to uae if iran send one nucler bomb to dubai
Do you seriously think that you would be able to snort coke in Dubai? What planet do you live on ? Or is your mind so scrambled from drugs?
In terms of oil trading or what? Dubai is speculation but because of a lot of the construction and agreements in place it will be a real economy soon. Yes they have no raw materials to trade, but where will those materials be tradded in the future. For many it makes great sense for that to happen in Dubai, and the infrastructure that will be there will reinforce that decision.A lot of this may still go through, its hard to think that all of it will fail, if much of it happens, Dubai will be fine
Yeah they have all of those workers needing activity, they got a lot of people to buy in, but had to make a lot of promises, so now they have to balance all of that
Its all in planning and much of it is already actually in development. Dubai is growing at a rate that is so fast that these things almost cant keep up with it, for the time being. The financial struggles of people and businesses investing in Dubai is the greatest threat to it. Dubai is still very much a work in progress, in terms of the infrastructure, business, marketplace, and clearly raw construction to boot. These challenges wont ruin it unless they ruin everyone else
I once heard, “Without drugs, there is no economy” I thought that was just hippie talk. But low and behold. After being obsessed with Dubai for the past year, it finally hit me. I just searched for Dubai drug laws…..And something VERY interesting came up. Apparently any MINUTE amount of ANY type of drug, and your ass is grass. Coke dreams of a real life Cocaine City vanished like a mirage in a desert…….
Dubai was a bubble , and like any bubble, it was looking for a bubble to bring it back to reality! Mises said that during a bubble, the misleading inflationary policies of the governing bodies often misalocate resources far away from the sectors where they are primarily needed, which in turn drives malinvestments! Dubai’s case was the excessive real estate development in comparison to the other sectors of the economy! Clearly, the local government and banking structure are to be blamed!
How do people in Dubai get around? Dubai needs a total mobility solution. A company. Everything from buses, to ferries, to metros, to commuter trains, or whatever is needed, you name it. I never hear about mobility in the city. Dubai needs to have good mobility. Such a huge city can’t rely on cars alone. Think about NYC and you’ll see my point.
I’m no economist and this is only one mans speculation and opinion, but it seems like to me one of the reasons Dubai is doing so poorly is they want everything built yesterday. Slow and steady wins the race, but with Duabi everything has to be built right then and there, and I don’t think any city in any economy booming or otherwise can support such rapid growth. Some of the ideas dreamed for dubai look quite incredible, but I think they will remain just that dreams.
Fools and their money were parted. Thats all.
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