Posts Tagged ‘Dubai’
Posted by seumasach on December 11, 2009
Jim Willie
Market Oracle
2nd December, 2009
Click on above link for full article
On October 8th, the Jackass gave you a “TOLD YA SO” on the announced previewed end of the Petro-Dollar. The Saudis, with Chinese and Russians on their left and right arms, heralded the end of the sale of crude oil in US$ terms, with French and Japanese in tow. The Germans secretly were in charge of counseling toward the forged deal, but preferred the shadows. The new crude oil transaction settlement system will take time, but surely not to require eight years until 2018 as announced. That stated target date was intended to deflect and distract from US retaliation. The mere announcement should be regarded as a schematic diagram for architects and investors alike to follow. New systems must be constructed. Investors ahead of the curve will be the primary beneficiaries. The changes that result from the announcement itself will assure the completion date to be just 2 or 3 years, not 8 years.
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Posted in Uncategorized | Tagged: Dubai | Leave a Comment »
Posted by seumasach on November 29, 2009
Washington’s Blog
29th November, 2009
On Friday, I provided some specifics about who had loaned Dubai money, and the potential fallout from Dubai’s debt crisis.
But I just found another interesting tidbit.
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Posted in Financial crisis | Tagged: Dubai | Leave a Comment »
Posted by seumasach on November 29, 2009
Terry Keenan
NYPost
29th November, 2009
It’s a fair bet that few around the Thanksgiving dinner table talked much about Dubai last week, even as that Emirate quietly rocked world financial markets with the surprise prospect of the biggest government debt default since Argentina’s back in 2001.
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Posted in Financial crisis | Tagged: Dubai | Leave a Comment »
Posted by seumasach on November 28, 2009
Alex Messenger
WSWS
28th November, 2009
Dubai’s announcement on Wednesday that it would be delaying by “at least” six months the maturity date of $59 billion in bonds issued by the city-state’s largest state-owned company, Dubai World, has sent global shares tumbling. The market reaction to Dubai’s massive debt default is partly explained by the exposure of European and Asian banks to DP World and its tourism subsidiary, Nakheel.
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Posted in Financial crisis | Tagged: Dubai, sovereign debt default | Leave a Comment »
Posted by seumasach on November 27, 2009
Dan Roberts
Guardian
27th November, 2009
The biggest mystery of the Dubai debt crisis is not why this desert dream has turned into a nightmare, but why it took so long. Ever since US homeowners started defaulting on sub-prime mortgages two years ago, the tightening of international lending conditions has put the squeeze on investment bubbles around the world. Some, like Iceland or the British housing boom, popped relatively quickly, but others have been slower to collapse.
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Posted in Financial crisis | Tagged: Dubai, failing banks, financial collapse | Leave a Comment »
Posted by smeddum on November 30, 2008
Hollywood embraces Arabia
Business 24/7
By Rachel McArthur on Friday, November 28, 2008
With the end of the year fast approaching, it’s safe to say that film fans around the globe have already witnessed some of 2008’s most glamorous international film festivals – such as Cannes and Sundance – with some of the world’s biggest celebrities attending. Read the rest of this entry »
Posted in Financial crisis | Tagged: Alicia Silverstone, Antonio Banderas, Barry Levinson, Ben Kingsley, Brendan Fraser, Catalina Murino, Charlize Theron, Dubai, Ezzat Abu Ouf, Goldie Hawn, Gumus, Julia Ormond, Kurt Russell, Meg Ryan, Michelle Yeoh, Nicholas Cage, Priscilla Preley, Roman Polanski, Salma Hayek, Sigourney Weaver, Songul Oden, Spike Lee, Stuart Townsend, Susan Sharandon, UAE | Leave a Comment »
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