Dubai brings down world

Nope. $60 billion is too small. But if this just the tip of the iceberg we are noticing; can't say for sure.

investors from US & European market focussing on Dubai will be the biggest crisis sufferer & same had inflected on NASDAQ & DOW JONES yesterday going low.Now how much it will affect India..i believe its low & its good for our future as Arsellor Mittal has planned to focus on India now with forming steel manufactirng units across India as an major investments.

India has kept it aloof from the Dubai except for the remittances and the 1.5 million Indians working there

So India will not be affected much

India is much safe than the rest of the world

@Biggie: Actually it is not about $60 billion but about the biggest player in Dubai that is the Dubai World which is getting affected as it has asked for more time to repay debt

If it fails means a lot in Dubai will be at stake

I can say it will affect only employment of the Indian peoples who live their.
This was a hoped by all economists because , Let me give logical reasons..
We had economic recession ok. but when this havoc happened the liability was not matured but after all this recession was of cores gonna affect it in any ways .As the value of bonds and shares was down peoples went on saving rather then investment and again Demand and Supply rule is applied hence the results no sale or return on investments went down.😔 But the main Libillity which Dubai giants had taken from World Bank or some other firms or Financial institution matured now hence Debtors of this Financial institution becomes insolvent and they asked for more time to pay their debts in this whole way they affected the market.😒 I have read in local newspaper saying they dont have liquidity as well as the assets to repay .:sshhh:

But then as the economy recovers if so, it will boost the demand again

People will start buying and investing more as the sidelined money comes on the table it will make things go much finer than they are now

So let us wait and watch

Here , the question is not of economy is recovering or not but as old injuries to economy will affect in any way.

But that is what I am saying

The old injuries do affect, have affected or pose threat in coming time but then the solution will come from the way the problem came

the problem arised due to the fizzle, the overpricing, the undue dealings and ignorance

not it can only be solved if we reverse the processes to move towards the light instead of moving away from it

if the economy recovers we would be able to neutralise the negativity of the old injuries that pushed the world into darkness

Don't you think so?

Ouch.. $60 billion is almost the entire GDP of Dubai alone.

Economic recovery depends on a lot of factors, which includes consumer confidence and demand, not the other way round. In Dubai's case, the development was way too fast for it to be self sustaining. They could probably pull it off if they had a heck more money and pay off in time, but not in this case

But although it happened they will be able to better it off with the investment arena taking some more serious moves and start looking at Dubai favourably

If they are able to attract investors with more money supply by providing lucrative incentives and that too very soon

Then probably they can hope for some good

Don't you think so?

And maybe the world will get some great deals in this process than they had been getting before all this happened

There could be a whole bunch of opportunities waiting in the Dubai Land

You are correct. The the opportunities are plenty for sure, but as an investor, you want to make sure you won't be risking too much 😛 One can provide incentives, but where would you get them from? The only way is for investors to get handsome dividends from companies profits.

Remember, to make profits one has to reap in revenues to cover costs including investment. Dubai World had developed things too quickly before being able to sell or rent much. Money is still being owned to the subcontractors, hence the debt.

Its a vicious cycle, and it will take an extraordinary prime mover to put things back into place, such as government intervention.

Yes you are right ash

But see what countries like China are doing-- they are seeing this as an opportunity to buy some gold and oil reserves to meet the energy requirements of the country in the future

And Bollywood Superstar Shahrukh Khan is investing there to build a stadium, theme parks and many more in a project that will count to higher than a sum of $2 billion

So these are surely going to be the sources of revenue and for others to capitalise in their favor

Hope the Ambanis and Tatas are listening

Thats good news then. If there are investors who have a lot of money to spare, I doubt they would care about short term ROIs.

Actaually this news is more exaggerated by Media and due to this many investors will move back from investing which create Leakage in an economy and all money flow will affect.

safwanActaually this news is more exaggerated by Media and due to this many investors will move back from investing which create Leakage in an economy and all money flow will affect.

What do you mean by that? Can you explain a bit more

sarveshguptaWhat do you mean by that? Can you explain a bit more

Look,😀 As this kind of news comes in media they will do their duty😉 and they will afraid the investor .By watching this news their will be pressure on investors and they will stop their investments and may save or may invest some other place in order to prevent them self by affected from recession .

Brother see this link #-Link-Snipped-#

So as you see Dubai stock exchange has also started to feel that cautious and sensible approach can help turn the tides into favor

I think this things happens due to flexibility in credit lending , so if you govern this and make rules more striker .

Yes Safwan there are a whole lot of ways that can be targeted to improve the situation

A cautious and sensible approach is sure to help

Atleast helping us a lot,we are getting good talents at affordable bargains...resume posts took a peak into job portals for getting it in India...which else country is having a favourable finance frame this time!😉

But then we already have a huge pool of unemployed people or graduating students who are still waiting to be absorbed

I think this is making it tough upto some extent

Guys, first, Never under-estimate U.A.E. Their leaders have enough potential to repay the loans over night. You will never believe how much money they have in their stash.
I have seen things... Big shots at political levels have houses like castles, and interiors decorated with almost 50% made of pure gold. Private jets, heli-pads and lots...

They sack in all the money, but no one never knows. And they take loans to build their country.


Everybody should be surprised why there are no people from U.A.E making into the top 10 in FORBES magazine. 😒

Yes Pechu that is why I said that they will recover gradually and be able to repay their debt

and ya this is really surprising that nobody from UAE lists in top 10 in FORBES magazine.

yes, I support pechu.